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JoeeF Nov 10, 2019 2:48pm | Post# 81

{quote}Unfortunately, in that particular example, due to the huge volatility candles, the risk/reward ratio is quite skewed to the downside (very big risk for very little reward). Is it possible to filter out this kind of scenario?
Yes. We can create as many filters as we need.

Idne Nov 10, 2019 3:06pm | Post# 82

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It's best to focus on tp 1, the highest probability of winning. In the original tread after tp 1 hit, 50 % transaction close, after that break even and we waiting to hit tp2 without fear
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Impenia Nov 10, 2019 4:25pm | Post# 83

It's best to focus on tp 1, the highest probability of winning. In the original tread after tp 1 hit, 50 % transaction close, after that break even and we waiting to hit tp2 without fear {image}
Very useful info. I guess it might be a good idea to just stick with TP1 then.

Waiting for TP2 will either hit target or come back to exit at BE. Unfortunately, we do not have enough info to determine if there's any EDGE here in waiting for TP2. We could possibly have more BE trades than TP2, thereby diminishing any advantage of the TP2. Would like to hear what others think.

Idne Nov 10, 2019 4:30pm | Post# 84

{quote}Very useful info. I guess it might be a good idea to just stick with TP1 then. Waiting for TP2 will either hit target or come back to exit at BE. Unfortunately, we do not have enough info to determine if there's any EDGE here in waiting for TP2. We could possibly have more BE trades than TP2, thereby diminishing any advantage of the TP2. Would like to hear what others think.
Yes, it is better to focus only on tp 1 and see what the result will be, then change something depending on the result

baxter01 Nov 10, 2019 4:53pm | Post# 85

maybe it makes sence to open 2 positions each with half of your risk appetite ..same SL..one close out when TP1 is hit ..the other then set to break even ..so second position runs risk free..if TP2 hit it`s fine..close second one. (Scaling out method).

leweg1 Nov 10, 2019 5:16pm | Post# 86

maybe it makes sence to open 2 positions each with half of your risk appetite ..same SL..one close out when TP1 is hit ..the other then set to break even ..so second position runs risk free..if TP2 hit it`s fine..close second one. (Scaling out method).
This was in the original rules set out (copy and pasted) see tips 5, when i was in testing i followed this and had great success

TIPS 1 : when price comes near the trend indicator,it will get back in area ,so when an entry signal appear but candles are out of the trend indicator,trade carefully . this tips makes you less SL and better exit of trade .

TIPS 2 : the TP and SL is based on daily Pivot Points. thats the most reliable S\R area in the market . so you are placing your TP and SL professionally.

TIPS 3 : When trend indicator shows the main trend too strong by degree of it's steps,if your tp2 is almost to hit,as trend is powerful,you can shift your TP to news day TP's . if no new buy signal in the new day,if trend still bullish,tp and sl wont change and it is as same as the previous day .

TIPS 4 : If you have a BUY trade based on rules,if during that day your trade didnt reach to tp and in new day you get another BUY signal followed by rules,you can add more buy and place both BUY trade's tp to new day's tp .

TIPS 5 : If you are going to open a trade with 1 lot,place two order with 0.5 lot,when 60% of tp done,make them break even,when tp1 hit,close one of your trade and let other one hit tp2 (safe trade method) .

TIPS 6 : If you get signal near trend indicator bands,it is risky to take that trade,because TIPS 1 told us price comes back inside .

TIPS 7 : If you get signal but price is near to your tp, risk/reward will not good.Always check risk/reward.

JoeeF Nov 10, 2019 7:01pm | Post# 87

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So for initial release:

(1) Only TP1 at r1/s1
(2) SL at opposite side s1/r1
(3) reward>=risk

Example: EC
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JoeeF Nov 10, 2019 8:04pm | Post# 88

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Two alerts right now: AJ and CJ
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JoeeF Nov 10, 2019 8:11pm | Post# 89

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UJ - down arrow without downtrend - no signal
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JoeeF Nov 10, 2019 8:19pm | Post# 90

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Two alerts right now: AJ and CJ {image} {image} {image} {image}
UJ - down arrow without downtrend - no signal {image} {image}
On the next candle that arrows have disappeared from dashboard tab.
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JoeeF Nov 10, 2019 8:29pm | Post# 91

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Two alerts right now: AJ and CJ {image} {image} {image} {image}
The trades haven't been opened by the EA:

AUDJPY:
bid:74.783, r1:75.400, s1:74.584, reward:198.7 points, risk:617.3 points

CADJPY:
bid:82.465, r1:82.920, s1:82.293, reward:172.0 points, risk:455.0 points

Bad RRR for both signals.
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trieuVhh Nov 10, 2019 9:45pm | Post# 92

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So for initial release: (1) Only TP1 at r1/s1 (2) SL at opposite side s1/r1 (3) reward>=risk Example: EC {image} {image}
- This was a win trade but due to tip 6 in original thread and all traders's observation, signal will be better if Tp1 inside the band, u will have less trade, less pips but better winrate and lower drawdown.
- I dont mind poor R/R, so can u make this a changeable input value.
- A picture from old thread
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JoeeF Nov 10, 2019 9:57pm | Post# 93

{quote} - This was a win trade but due to tip 6 in original thread and all traders's observation, signal will be better if Tp1 inside the band, u will have less trade, less pips but better winrate and lower drawdown. - I dont mind poor R/R, so can u make this a changeable input value. - A picture from old thread {image}
Thank you for your input. I'm collecting all notes.

The first version is ready to release with basic functionality. We need to start.

All improvements will continue ...

tyremalik Nov 10, 2019 10:34pm | Post# 94

{quote} - This was a win trade but due to tip 6 in original thread and all traders's observation, signal will be better if Tp1 inside the band, u will have less trade, less pips but better winrate and lower drawdown. - I dont mind poor R/R, so can u make this a changeable input value. - A picture from old thread {image}
what bands are you using

JoeeF Nov 10, 2019 10:53pm | Post# 95

{quote} what bands are you using
Please read at least a few first posts ...
regards

JoeeF Nov 10, 2019 11:01pm | Post# 96

You can download JF4XTrader v1.01 from the first post of this thread.

Please be sure you read at least "A quick start" chapter in User Guide.

Stay green.

lixiaomai007 Nov 10, 2019 11:33pm | Post# 97

You can download JF4XTrader v1.01 from the first post of this thread. Please be sure you read at least "A quick start" chapter in User Guide. Stay green.
Thank you Joeef, Sorry for missing that part

Noel2232 Nov 11, 2019 12:31am | Post# 98

{quote} Great this will save us a lot of waisted time if it's not. I hope it can be successfully backtested with a strategy tester.
please tell how you set all thing up?

JoeeF Nov 11, 2019 1:46am | Post# 99

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NZDJPY:

Someone else has received this signal?
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cescof Nov 11, 2019 1:48am | Post# 100

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NZDJPY: {image} {image}
All seems ok by my side, same signal for NZDJPY but no open order to bad rr right?
Really thanks for effort
Regards
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