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5 years and still no strategy

  • #2,361
  • Jun 4, 2017 7:39am Jun 4, 2017 7:39am
Quoting WolGod
{quote} that he did. {image}
Dukas Trader! Eat that LOL. Called ahead of time. You wish you had the tools to make 1:1 in such short time. Youll never understand.
  • #2,362
  • Jun 4, 2017 7:44am Jun 4, 2017 7:44am
Quoting VEEFX;
Fascinating solution you got there...Don't you need a special license from Metaquotes to update their client software?...eventually was leaning towards a FIX API type of solution similar to this option...

...Curious if you are trading futures or spot fx i.e sending orders to CME or just using their feed and sending orders directly to some other liquidity provider? I really wish to have a broker and server timezone (GMTOffset and DST) independent solution...Would love to continue learning from your journey in this space. Any further links or artifacts on approach, costs, framework to guide in on the right path would be greatly appreciated. EDIT: my strategy can work on stocks also... hence the interest in going your route instead of trading the CFD junk
All credit goes to my dear friend sangmane - I had designed the basic structure of the GUI and functionality, while he did all of the code writing.

In the US they say 'God bless America', he should - but I also say: 'God bless the MT4's offline charts!'.

So there's absolutely no need for expensive Metaquotes licensing or any other complicated IT overhead solution. Using the Windows memory block read/write function one can port whatever information one wishes from and to any API.

If you look at my posted picture of my working desktop you'll see that to my right I use Rithmic's GUI and such for manual order entry only; whilst I plug in to Rihmic's R|API solution for pulling my CME history, as well as live data.

Further, I confess, that I am personally no big fan of automated trading in the retail space, a view that is also shared by one of the most highly respected coding experts in this community as well as experienced and documented by others.

But, having said that my view on matters is by no means a personal attack, this can be done, everything is possible; if one is dedicated enough whilst setting no limitations whatsoever in any respect or regard.

You can automate your order process and facilitate Rithmic for firing off trade requests by making use of MT4's offline charts, as such, the offline chart's behaviour replicates a live chart in exactly the same way with regards of any placed indicator or MT4 EA to it.

So yes it can be done no problem.

I personally only trade one instrument - WTI light sweet crude on NYMEX, however, the R|API offers access to more than just one Exchange so you'll have a broad spectrum available varying in different asset classes.

With regards to the platform GMT offset and DST settings: once you are in complete control over your platform you can do whatever you need - please see some built in functionalities of my R|API GUI to give you some basic ideas, some pictures attached herewith.

My best wishes to you and everyone as well, and finally please, good trading everyone..! That's the main thing...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: R API GUI chart settings.jpg Size: 66 KB
Click to Enlarge Name: R API GUI basic settings.jpg Size: 55 KB
Attached Image
  • #2,363
  • Jun 4, 2017 7:59am Jun 4, 2017 7:59am
Quoting WolGod
{quote} Dukas Trader! Eat that LOL. Called ahead of time. You wish you had the tools to make 1:1 in such short time. Youll never understand.
i have read many pages here, looks like noone is accepting you ! all hate you because you are bad trader, bad character, bad man/girl. why you try to lose and cheat people any longer?
  • #2,364
  • Jun 5, 2017 4:45am Jun 5, 2017 4:45am
Well today is a bank holiday, manage your positions and do some chart study, strategy analysis.
Read in between the price!!!
  • #2,365
  • Jun 6, 2017 10:07am Jun 6, 2017 10:07am
Quoting nealpek
I'm trying to capture bid ask and the difference or spread between the two, every time it changes on my brokers platform, i.e. I want to record all the data in excel along with price atm, and the time atm. Anyone have a clue for a not so tech savvy trader to do this? Any help would be appreciated!
why?
Time hides Nothing
  • #2,366
  • Jun 6, 2017 10:12am Jun 6, 2017 10:12am
Quoting nealpek
Want to do further analysis on the data.
why>?
Time hides Nothing
  • #2,367
  • Jun 9, 2017 6:57am Jun 9, 2017 6:57am
Quoting MoneyZilla
{quote} I am counting the distances in range and when it does a move to the next range. Sometimes there is more space in between two ranges. My definition of a range is the price to stay locked for days in less then 150 pips. At any given moment, about 2/3 of the major 28 pairs are in this state of range. Every week. The counts I do, do suggest that the pips in range are almost equal to the pips in the trend movement. They also are balancing out the buy and the sell pips in between these movements. {quote} Inevitably, the traders do see (ONLY or...
good post
are you using range strategy ? one move can destroy all of your pip you earned...how set a sl?
  • #2,368
  • Jun 9, 2017 11:36pm Jun 9, 2017 11:36pm
Quoting javad.111
{quote} good post are you using range strategy ? one move can destroy all of your pip you earned...how set a sl?
this is not a secret. let me tell you.

the best approach from a dd point of view is to trade a cloud of just two trades. one trade has 20 pips sl, the other has 10 pips of sl. first is open the 20 pips sl trade. 10 pips after, the 10 pips sl trade gets opened. both are closing at the same time, at profit and at sl. thus you have a compound loss of just 30 pips.

make your math. every ten pips open a new cloud. how many mini clouds you will open, will depend on the compound tp target.

this is very low dd system. it brings not big profits as well.

you have to flip and change directions, based on the tp. you have to be dynamic as dynamic the rate flips are.

limit the number of mini clouds, to 6-7-8 maybe.

when the rate moves, dont trade against it when the last cloud from the chain gets stopped out. you will recover and add more to the account immediately after the movement is over. do not miss the end of the movement. the first small correction and you have to jump in immediately.

all BUY and SELL pips are in almost perfect balance
Maadik Hugiis. IQ 69.
  • #2,369
  • Jun 10, 2017 9:22am Jun 10, 2017 9:22am
Quoting MoneyZilla
{quote} this is not a secret. let me tell you. the best approach from a dd point of view is to trade a cloud of just two trades. one trade has 20 pips sl, the other has 10 pips of sl. first is open the 20 pips sl trade. 10 pips after, the 10 pips sl trade gets opened. both are closing at the same time, at profit and at sl. thus you have a compound loss of just 30 pips. make your math. every ten pips open a new cloud. how many mini clouds you will open, will depend on the compound tp target. this is very low dd system. it brings not big profits as...
we set 10 pip tp , if position goes to loss, we open new positions every 10 pip, am I right ?
I think it works good at EU , how you enter ? random ?
and what do you think in your experience about (average gain)/(average dd) in a for example 1 month ?

Thanks
  • #2,370
  • Jun 10, 2017 3:19pm Jun 10, 2017 3:19pm
Quoting javad.111
{quote} we set 10 pip tp , if position goes to loss, we open new positions every 10 pip, am I right ? I think it works good at EU , how you enter ? random ? and what do you think in your experience about (average gain)/(average dd) in a for example 1 month ? Thanks
i am using 60 pips tp targets. the winning cloud brings 110 combo pips and loses -180 pips when all 6 clouds sl get hit and the trend movement continues.

you have to have a good working way of measuring the distances on the chart, otherwise this will not work, unfortunately... also, on the top of that, you must detect the 150 pips ranging times. pretty accurately. i see noone speaks about them. it is like having an elephant in the living room, nobody mentions about...
Maadik Hugiis. IQ 69.
  • #2,371
  • Jun 11, 2017 5:46am Jun 11, 2017 5:46am
Quoting MoneyZilla
{quote} i am using 60 pips tp targets. the winning cloud brings 110 combo pips and loses -180 pips when all 6 clouds sl get hit and the trend movement continues. you have to have a good working way of measuring the distances on the chart, otherwise this will not work, unfortunately... also, on the top of that, you must detect the 150 pips ranging times. pretty accurately. i see noone speaks about them. it is like having an elephant in the living room, nobody mentions about...
ummm.... so you open a position , if it went to 10pip profit, again one more , wait for tp 60 + 50 pip for two positions, and if new positions on every 10 pip goes to loss, you close all of them (6) on 10pip sl for last position , am I true ?
Yes this way has low dd ,but i think low gain for a month if we use one group trade at the same time + money management ..., No ?
In addition I think we dont need any chart check for enter (on good time) (for example rsi or trend or any thing else if we are on range time)
  • #2,372
  • Jun 11, 2017 6:01am Jun 11, 2017 6:01am
Hi everyone. Maybe somebody can help. I am looking for a simulator to do some strategy testing. I know there was one available on on of the forums, but not sure where. Can someone perhaps help? Thanks
  • #2,373
  • Jun 11, 2017 6:20am Jun 11, 2017 6:20am
Quoting Superwolf
Hi everyone. Maybe somebody can help. I am looking for a simulator to do some strategy testing. I know there was one available on on of the forums, but not sure where. Can someone perhaps help? Thanks
Demo not enough?
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -57.9%
  • #2,374
  • Jun 11, 2017 9:56am Jun 11, 2017 9:56am
Quoting Superwolf
Hi everyone. Maybe somebody can help. I am looking for a simulator to do some strategy testing. I know there was one available on on of the forums, but not sure where. Can someone perhaps help? Thanks
try this ...
Attached Image (click to enlarge)
Click to Enlarge Name: testing trading.JPG Size: 53 KB
Self discipline It is a practice
  • #2,375
  • Jun 12, 2017 11:17am Jun 12, 2017 11:17am
Quoting freakout
So... I have 5 years of experience, I know price action, I know how to trade with trend, I know how to manage risk, etc., but I still don't have a strategy. Is this normal or it's a waste of time? I'm not looking for a holy grail, but for something really simple with 50% accuracy at 1:2 ratio. 3-5 trades per day during EU session and that's all. I tried to trade H1-H4 pullbacks, pivots, breakouts and many other strategies but without any success... Should I continue my searches or it's time to leave it?

What makes up of a strategy? I guess it is a set of rules in which includes firstly when to enter/exit, and secondly how to manage risk and money. That's how I see it, I could very well be wrong.
So I guess you have a set of rules etc. This, in my opinion, means that you have a strategy. Or maybe you have many different ways of trading. Am I right?

If this is normal? If you are profitable that means you know what you are doing, in that case it can't be a waste of time.
  • #2,376
  • Jun 14, 2017 10:34am Jun 14, 2017 10:34am
Strategies are many to trade in Forex, but we need to learn that when to change strategy and change them, if it is not yielding as per our expectation.
  • #2,377
  • Jun 14, 2017 11:59am Jun 14, 2017 11:59am
Quoting GodfatherSam
Strategies are many to trade in Forex, but we need to learn that when to change strategy and change them, if it is not yielding as per our expectation.
True, there are manys strategies in Forex, you just need to find your own.
Chase your dreams, because nobody will do it for you.
  • #2,378
  • Jun 14, 2017 1:46pm Jun 14, 2017 1:46pm
Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,379
  • Jun 15, 2017 3:11pm Jun 15, 2017 3:11pm
Inserted Video


after a bad day in forex...
  • #2,380
  • Jun 15, 2017 4:17pm Jun 15, 2017 4:17pm
You will find the reversal moves start from either the open price of a certain candle on a touch of that, or right on the open of a candle, that be the 1m, 2m, 5m, 15m, 30m but more importantly the 1hr, or if price is doing nothing then expect the last 10-15 mins of a 1hr/4hr candle (synced up to NY close) to be the most eventful.

FX is time orientated.
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