Sir, you obviously know too much to not have watched my videos.. I have more you can watch.. Just posted another thread..
Thx for your insight.
noticed today the trix pin closed position who where in a loss and reopend opposite, especially eur where the signal kept changing. Still overall well in positive but as Braintheboss mentioned, performance in trending markets is good so far, as for ranging needs some additional filter to block them.
In trend market my method could catch only green.
But, from december my DSB opened 50 trades with 2 loss.
So please share if it goes in to red.
Thanks and have a nice weekend!
hi, the second picture in my last post above is where i lost some 120pips cause of changing signals, mainly on EUR but i noticed they got filled quickly with opposite trades. I guess if you let it run it weeds out bad ones and keeps the good ones. last pic above is where it started again new positions.
Pics taken are of every new trades it takes so i didnt left out any results as you can see weekly performance going up. decided not to close manually anymore and let it run.
Next week i will add some filters and try to catch only good trades.
The only indicator tested here is TRIX T3 set on 4h from leviticus with gap set as filter. My point is how well gap works with any decent pins.
This is today, continuation of last pic above and you can see the dd of 211 pips but the profit still good.
This happens many times since market is most of time in range. And this explains why long term always fails. You need exit strategy faster than entries for compensate partially entry delay. And even doing this if entries delay so much in average then system success will be low. At the end you will discover when you solve an issue you will get a new bad side effect closing the testing cycle. That cycle is infinite and looks never can be solved
Having a basket tp or locking in profits can help. Again opening new trades avoiding news for now
All these ideas were tested for others before then everybody with some time here knows the result. Take this as a shortcut for avoid waste your time. If you want have some opportunities you should try see how avoid delay without grow your fake signals ratio. Is not easy but always you will need use asymmetric setups. And the best approach is always use different mixes for get different kind of entries/exits ( scalping, trend follower, etc )
But even doing this you don't think is all done. Its only the start
Overall a good week with over 1000 pips achieved although manual intervention took place to close basket.
Noticed how TRIX resembles MACD wich is also a good indi.
Here is a trade taken on usdcad just before it dropped, marked with the red vertical line. Trades like gbpaud or nzdjpy got caught in correction and could turn positive given the time.
I could add TRIX on lower tf for confirmation and exit.
May I ask you if you have any success on EAX, braintheboss? because you sound like still searching the perfect setup on EAX..which is impossible given the chaos in the market sometimes. I ll be glad if a setup succeeds 60% of the time, which is the case here with TRIX.
i agree about basket close, cause no all order will have good setup for take order, market have something for make fail all indicator..
need survive for next time,
I know about the hold on news and ability to close various orders before news but honestly i didnt want to risk the profit so just closed manually. call it trade management.
I use the lock and trail function which is more secure than basket TP, i take what is given, but for testing purpose i dropped it to see how the pin would react.
Still processing my trades over the week and have to read the thread about thv to understand it.
About GAP everybody is fascinated first time. But is not as you think. Bid Ratio theory is wrongly understood for many traders since don't measure strength as they think. Only shows where is price regarding an arbitrary ADR. And this change how use it completely
CSM we are know that calculation repain with bid ratio from high.
Need time for busy session too for use.
Other think, i still agree with basket close and try survive for long time no take risk long time in market. Althought brother brain no agree with that.
Cause will limit profit or something other.
With period prev candle or with average candle we want to calculation.
With ATR or with ABR for build CSM no much different if market move with extrime trend. For auto still consider how long will survive with market.
This also happen with other indicator for build full auto. In 1 year backtest will have 1 - 5 order will make bad day..Market can make fail with they trick for break this.
Think about this..Order with multi pair have advantage
if 1 -5 have wrong side, other order 1-5 have right side, before wrong side make bad day for next day...think about right side can cover floating minus and can still close all with profit than loss..
About CSM just we are taking wrong reference. I have pending a formula ( I only created it but still not implemented in tool ) for try make relationship between adr position and his weight. It's not same have a 50p movement inside adr range that if price is moving in a extreme. Anyway I'm in a huge rewrite of tools then still will pass some time before I can add last step in my system. This step is the glue for system works without holes. We will see...
About why I don't like baskets is just because is not a natural close. If a system is stable then closes must have a logic for happens. In baskets close logic is take a green momentum but at the end is just a way for hidden auto deficiencies. It's like sell a car with engine problems
I agree, braintheboss, as someone smart once said, trading is all about losing, trying to work on losses to minimize them is the real thing. I already subscribed to your thread and will read thru. I also agree with dingdong99 regarding basket trading that imo has its benefits over individual trades when it comes to automatic trading but to have a basket tp i need to be sure of the profit range which is difficult to reach, or i have to set my risk higher than reward which is not favourable so lock and trail give me best results over longer time as sl is set by pin. In the end its all about probability.
I will continue my simple testing using the TRIX pin set on 4h previous candle filtered by the gap, which i still think is a powerfull tool in combination with any decent pin, just to see how it reacts in ranging periods. To understand the gap function i read 'trading the gap with excel' and is very usefull.
I also been reading on THV system which i think can be replicated on EAX, without the use of Ichi clouds but with the tools that are available.
Feedback on TRIX pin itself: seems to do what is expected and takes trades accordingly to the indicator itself, look eurusd with a buy right after a big convergence. Nice work.
To my surprise the trades didnt close on friday because market already closed and im glad i didnt. It jumped up with about 300pips so decided to not intervene manually anymore.
As you see i have a dd of about 200pips because of closing bad trades but profit in all looks good.
I did notice a glitch on the indicator on smaller tf where it gives wrong signals. If im right a buy signal appears when the signal line of the indicator turns green, so doesnt have to cross the 0 line but some signals give a sell while the signal line is way positive. Either i misundersdtood or due to heavy workload by this indicator the calculations take time and doesnt signal immediately. will have to w
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