Follow me to the Promised Land
The Pivot Net Revisited (Weekly Pivot Net) 41 replies
Fish Net System Version 2 145 replies
Big Fish traders TF 0 replies
FISH indicator 5 replies
DislikedRules:
3. Set Profit Target and MaxDrawDown Target, once profit target or MaxDrawDown hit, Close all opened and pending orders.Ignored
QuoteDisliked2. Place six Buy and Sell Pending Orders above/below market price. First Order 25 (user defined) pips above or below market. Subsequent orders with 15 pip gap (user defined). No SL and TP for each orders.
DislikedIf you do not mind me asking, I am trying to check this out using OANDAs web-based platform so I have to set up things manually.
1. Are all 6 orders supposed to be the same currency?
2. Are they supposed to be scattered at will above and below the market price?
3. Isn't using no SL at all very dangerous?Ignored
DislikedThanks, few more points for your consideration.
1) Profit target for open orders of a pair should be the same i.e., TP value for all orders should be the number of pips from the first order, example if the first buy order is say opened at 1.020 and TP input is 60 pips then TP value is 1.080. For subsequent orders at 1.035 and 1.050, TP value should again be 1.080.
2) If the profit target for an individual pair is reached, close all pending orders for that pair only and place fresh pending orders for that pair based on the market price at that...Ignored
DislikedHi Xlitang,
How big maxdrawdown you are using.
Are you testing EA demo or live account.
Regards,
-irbu-Ignored
DislikedDo you grid again after all orders closure ?
Or done for the day ?
Do you grid one time at london, and one time at NY ? Or only once for both ?
ThanksIgnored
QuoteDisliked1. Yes, same pairs.
2. not just at will 15 pips between orders, 25 pips first order to market price.
3. we have buy and sell in place, they will hedge each other in case market want to get us.
DislikedThanks for the quick reply.
However a few things remain unclear to me:
1. I do not get by what method the orders are supposed to be placed (by pending order you mean limit order?). Do place 6 above and 6 below (the above ones being long and the below ones short)?Ignored
DislikedHello Xin,
One suggestion: Could the Max DD and Daily Profit Target both be stated as a dollar amount. I think this would allow for more precise money management.
WilliamIgnored
DislikedHi, XLT
Fish Net is doing well so far. What I want is a "non repeating option", where once a set TP is hit and profit banked, no further trade be automatically processed (no further pending orders automatically re-entered) , even though the EA is still on the chart and effective with smilies.
In this way, one can set and leave the EA do its job without being monitored and manual intervention done.
Thanks,
AkiraIgnored
DislikedHello Xin,
Today was a good day. I am running 4 variations, all multiple pairs on a $20,000 account.
1) 4% Max DD ($800) and $800 Daily Profit Target. Today $657.
2) 4% Max DD ($800) and $1,000 Daily Profit Target. Today $979.
3) 24/5 Runs all day everyday. 4% Max DD ($800) and $800 Daily profit Target. Today $343.
4) New Idea. 3:1. Max DD 3% ($600) and Daily Profit Target $1,800. Just loaded demo today. Will report future.
One suggestion: Could the Max DD and Daily Profit Target both be stated as a dollar amount. I think...Ignored