DislikedIn your backtests, there is a big falloff in profits after some time - how do you plan to avoid that?Ignored
But not possible to avoid dd. Therefore have n accounts and z strategies running to diversify.
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Round numbers strategy 59 replies
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DislikedIn your backtests, there is a big falloff in profits after some time - how do you plan to avoid that?Ignored
DislikedGBPUSD Notable number is "00". This is according to "round numbers" psychology. BUT... this works when there were enough strong trend to reach that notable number level. Not very much signals.. But they are highly profitable. For example, our notable special price is 1.3700 BUY when the previous 22 days high/low prices are above our notable price level with "00" so the price reaches "00" from above. SEll when the previous 22 days high/low prices are below our notable price level with "00" so the price reaches "00" from below. TP 0.4%, SL 0.4% You...Ignored
QuoteDisliked50.14348112*pow(ask(EURUSD),-0.576)*pow(USDJPY,0.136)*pow(ask(GBPUSD),-0.119)*pow(USDCAD,0.091)*pow(USDSEK,0.042)*pow(USDCHF,0.036)
Dislikeda new experiment - Synthetic symbols created in MT5 with formulas from existing currency symbolsIgnored
Disliked{quote} Synthetic symbols that combine several currencies will only make sense with some additional manipulation. If you do not equalize/normalize/weigh it somehow then some symbols inside will have more effect and some can be almost invisible. For illustration, you have a currency pair X that's 100.00 and a currency pair Y that's at price 1.00 right now. If you add it up you get Z = 101. If X increases 10% then Z=100*.1+1=112. If Y increases 10% then Z=100+1*.1=101.1. So X currency pair will dominate the synthetic combined price and you would not...Ignored
QuoteDisliked1. Convert both currency pairs to a common currency: To create a normalized synthetic asset, you need to convert both currency pairs to a common currency. One option could be to convert both pairs to USD. For example, to convert EURUSD to USD, you would multiply the EURUSD price by the USD value of 1 EUR. Similarly, to convert AUDCAD to USD, you would multiply the AUDCAD price by the USD value of 1 AUD.
QuoteDisliked2. Add the two currency pairs: Once you have converted both currency pairs to a common currency, you can add the two prices to get
QuoteDisliked3. Normalize the combined price: To normalize the combined price, you need to divide it by a normalization factor. The normalization factor should be equal to the number of currency pairs you are combining. In this case, we are combining two currency pairs, so the normalization factor is 2. For example, if the combined price is 2.10 USD, then the normalized price would be 2.10 / 2 = 1.05 USD.
Disliked{quote} EA opens correct on round numbers as you can see in myfxbook: {image} But there are some seconds till published in website and pushed signals to subscribers. Therefore might be 1 or 2 pips difference. Anyway each broker can have different quotes..Ignored
Disliked{image} I think I understand how the levels work. They are at a fixed distance of 100 pips but at any value that ends in 66 (for EURUSD)? In that case I wonder why the first trade in the list is a buy (2023-01-06) when price moved up to reach the level 1.0566? It seems like it should be a sell. Update: I understand now. The dates of the trade and my chart history are not always the same, so the trade was taken the previous day when it was a buy signal, which is why it hit the SL. Also do you know why there are some trades that were not taken during...Ignored
Disliked{image} I think I understand how the levels work. They are at a fixed distance of 100 pips but at any value that ends in 66 (for EURUSD)? In that case I wonder why the first trade in the list is a buy (2023-01-06) when price moved up to reach the level 1.0566? It seems like it should be a sell. Update: I understand now. The dates of the trade and my chart history are not always the same, so the trade was taken the previous day when it was a buy signal, which is why it hit the SL. Also do you know why there are some trades that were not taken during...Ignored
Disliked{image}Apologies if my questions are intrusive. I just want to understand. In this most recent signal, the entry was taken last week and would have exited profitably on 2022-03-02 ~18:00, I believe. Why is it status: waiting? Also it says pips: 10 but from 1.0667 to 1.0581 is ~86 pips.Ignored
Disliked{quote} Some trades wont be taken at level if the previous Hi/Lo is not correct, strategy optimizes according to num of days hi/lo, signal number and signal count.. Stated on the first pageIgnored
Disliked{quote} Think your computer needs an update or something {image}Ignored
Disliked{quote} right and hi/lo is very important criteria because needed strong/long trend before bouncing from notable numbers (see charts for GBPUSD). days are different for each symbol. EURUSD only 2 days.. all the rest symbols need a lot more days for example AUDUSD even 42 days.Ignored
DislikedYou see here that price reached the notable level of 1.0566. 2 days before both the high and the low were ABOVE this entry level. Is there a reason to reject this signal? EURUSD H1 {image}Ignored
DislikedYou can trade this at this time span: starting from 1 hour after London opening till 1 hour after New York opening.Ignored