Ah well, have to commend you for the effort at least.
The HOLY GRAIL 130 replies
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DislikedI set my reenters for only 8 levels, that way I dont rack up big losses or wipe out the account. I stayed in a bad trade because I knew if I exited it I would lose enough money to keep from placing in the contest. Also all the indicators showed it should retrace, hitting resistance, divergance on MACD, Sto overbought for quite a while, spinning tops, etc. It just didnt happen. Under normal trading I would have exited the trade and not made any money for a couple of days. In 26 4H candles is went up in 23 candles and really did not have a significant retrace. That is very unusual for any currency, in fact, I have never seen a currency run that long without a retrace. Modified Martingale trading relies on a retrace somewhere along the way. I was using a take profit of 100 reenter every 40 so if I go 10 levels deep I can handle a move of over 400 points without a retracement. It went 658 pips over 4 days before it retrace 138 pips. That was not enough to recover so I had to get out. I will try again in May but I will not use the E/J currency this time.Ignored
DislikedBob,
I'm very interested in forward testing the martingale technique using pennies as you suggest, can you tell me how I can get started?
I think I could add to the discussion and help refine strategies, etc...
Thanks!Ignored
DislikedI need help with coding on Azam's EA. Does anyone know how to turn off the close all orders. If you are 4 levels deep and it hits profit it will close all 4 levels. I only want it to close the level it hits so it will leave the other 3 levels until price hits each individual take profit. Does anyone know how to do that with his EA???
BobIgnored
DislikedAzam's EA is on page 11 post 155. You can download it there and play with it. His is written according to stochastics, I use his but I changed it to moving averages for my testing and use. Stochastics works as long a price keeps bouncing but its difficulty is when prices does long runs and the sto line just stays up on overbought/oversold. MA works but its weakness is it will do a buy at the top point and price changes direction. As long as you can control the price turnaround MA average works well. Good luck.
Bob
PS I will reenter the contest again this month but I am not going to gamble like last month. I will just try to increase my account like normal trading. If I dont place I dont place but I want to show you can win week after week if you control the negative trades when they happen.Ignored
Dislikedhi everyone
i`m an intraday trader from malaysia.
lastweek,i`ve bought an ea and backtested it,which is very good using control points model only
currency pair =euro/usd -30m
deposit =300
use date =1/04/2008- today
profit factor =1.99
i would like to ask anyone who know,
how i can let this ea runs on my real trading using this control point model because it`s not perform best(downside) if using others(every tick/open prices only).
can i set it up as default?
pls share your idea or suggestion.Ignored
Dislikedintersting......
and bob good work....
do you have statistik data like rama EA???Ignored
Dislikedhello bob....
yes.... anyting can be happen in forex....
i`am not coder..but i think it is esay to code like that...pls coder
and we need more data from thepast, from data we can see... what max level can be reached.... with that we can calculate max losse will happen...and can calculate maxdrawdon.....
plus data Take profit...
"the MA has changed directions, would you want the trade also to go in the opposite direction???".... i dont think so.... if first OP(level 4,5, floating and MA change directions) we must close first OP... and OP anouther direction.. couse if first op still open... that just locking...and we need more margin... big big margin to do that..... yes this can make the profit but more complexated....
remember.... price alwasy corection.... like i have data... in GU.... after reached (plus-minus)600pip.... GU alwasy corection at least 100pip before continue move to the direction.... or in 2 day gu reached 350-400pip alwasy coretion too...this is HABIT....
we need DATA.....bob.... and we can see the HABIT.....
sorry 4 my poor englis..... thksIgnored