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Quoting tomorton
I like some of the principles in this strategy idea - its simple, and therefore time-efficient and not error-prone its objective, not reliant on individuals' chart artistry or recognising Rorschach patterns its not just an entry pattern it focuses on being in positions rather than getting in the key is the profits, not the individual charts success comes from being in trends, trading pattern No.1 I'm lined up to trade my own variant on this from tomorrow night. So far my visual backtesting suggests there is rarely any significant advantage to holding...

My experience with this strategy tells me,..if the basket open on thuesday 3am go in profit until wensday morning 10 am,.close the trades because you dont get better than that,..if the basket on thuesday when open go in negative,.on wensday morning he will reverse and start going in profit,..wait until thursday morning 10 am and close,..

Max profit always came in wensday morning our thursday morning
Opened a basket later Sunday evening and it closed with 2% profit. Yahooo. Will try to open another basket this evening.
SmartGridEALive All Time Return: 97.1%
Guys I'm still waiting for my friend to fix the bugs I picked up last week.

In the mean time if you do use the EA tonight, make sure to use fixed lot not lots per balance, and do not use trailing stop. Alternatively you can still trade tonight manually.
Truth is like poetry. And most people f*cking hate poetry.
  • Post #344
  • Quote
  • Edited at 1:53pm Nov 18, 2019 12:52pm | Edited at 1:53pm
So I mentioned a little while back that I'm busy testing a setting that can be traded daily and its based mainly on trading the London session momentum.

Initial testing is going well so far and if all continues to go well over the next few weeks I'll share the settings.
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Truth is like poetry. And most people f*cking hate poetry.
An issue which might eventually become a problem for me -

I'm trialling a system very parallel to this basket principle starting tonight. Right now I see 22 of a possible 28 pairs for which I can set entry orders. I am using minimal position sizes (spreadbetting, UK) so margin is not going to be an issue for me at this stage. However, going forward, if I want to increase position size I might run into margin issues because of a number of factors.

Firstly, the anticipated margin is not shown on orders, only actual margin on open trades, so its hard to see easily how much your margin exposure will be in advance.

Secondly, in the UK we're on ESMA margin limits - 1:30 for majors, 20 for Australasian.

Thirdly, the firm's T&C's specifically prohibits the setting of multiple orders, for the total of which you don't have enough margin. Not that all the orders are likely to be triggered but that's the rules.

Anyone else running into these obstacles?
Looks great mrdfx thanks, can you comment if there are any open positions

Blam

Quoting mrdfx
So I mentioned a little while back that I'm busy testing a setting that can be traded daily and its based mainly on trading the London session momentum. Initial testing is going well so far and if all continues to go well over the next few weeks I'll share the settings. {image}
Quoting tomorton
An issue which might eventually become a problem for me - I'm trialling a system very parallel to this basket principle starting tonight. Right now I see 22 of a possible 28 pairs for which I can set entry orders. I am using minimal position sizes (spreadbetting, UK) so margin is not going to be an issue for me at this stage. However, going forward, if I want to increase position size I might run into margin issues because of a number of factors. Firstly, the anticipated margin is not shown on orders, only actual margin on open trades, so its hard...
I'm with Global Prime in the UK, with a leverage of 1:50. I am using this EA with a lot size of 0.01 per £100 and haven't run into any margin issues.

Forget Ts & Cs - if the platform accepts an order then it's legit - if they impose those rules, then the platform will stop you from placing additional orders once your limit has been reached.

Personally, I would steer clear of spread betting as it's not a true trading environment, and the broker has a vested interest in you losing, possibly hence why you have all of those rules imposed on you.
Quoting blamshakk
Looks great mrdfx thanks, can you comment if there are any open positions Blam {quote}
No open orders Blam. This setting trades daily and is in and out within a cpl of hours normally. Well lets say so far its been like this.

*Updated the pic to show accordingly.
Truth is like poetry. And most people f*cking hate poetry.
This week's basket is live with 13 pairs.

So far its off to a rocky start currently floating around -3% after the first 1.4 hours. Its still early and plenty of time to come around.
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Truth is like poetry. And most people f*cking hate poetry.
Thanks mrdfx very much, I am looking for an indicator like this. You can upload whenever you open the order
Fingers crossed! Looking forward to see the progress.
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Hi guys!
And thanks for the Mrdfx system.
Opened 14 pairs per test.
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Quoting PaulDV
{quote} 3am. My broker is GMT+2, so this would have been 1am GMT.
hi paul what time zone are you at? +3 gmt?
Quoting po1yap
{quote} hi paul what time zone are you at? +3 gmt?
If you mean my local time, it's GMT - I'm based in the UK. My broker's servers are currently GMT+2.
10% SL Hit
14 Trades opened
Lot size 0.01/200

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Quoting mrdfx
This week's basket is live with 13 pairs. So far its off to a rocky start currently floating around -3% after the first 1.4 hours. Its still early and plenty of time to come around. {image} {image}
Ouch well that went fast! SL hit. Unfortunately not a good week guys.

I am experimenting with different opening times now as I do think we can optimize when to get into the market and perhaps my "not set in stone" time of 03:00 is not the most optimal time.

On a good note at least my friend is working on the bug fixes so that should be sorted this week and the daily setting test hit its TP again today.
Truth is like poetry. And most people f*cking hate poetry.
Quoting mrdfx
{quote} Ouch well that went fast! SL hit. Unfortunately not a good week guys. I am experimenting with different opening times now as I do think we can optimize when to get into the market and perhaps my "not set in stone" time of 03:00 is not the most optimal time. On a good note at least my friend is working on the bug fixes so that should be sorted this week and the daily setting test hit its TP again today.
Yep an hour later isn't performing well either ☹
From next week I'll try an earlier time on Monday
Quoting mrdfx
{quote} Ouch well that went fast! SL hit. Unfortunately not a good week guys. I am experimenting with different opening times now as I do think we can optimize when to get into the market and perhaps my "not set in stone" time of 03:00 is not the most optimal time. On a good note at least my friend is working on the bug fixes so that should be sorted this week and the daily setting test hit its TP again today.
Wensday morning they will start reverse and by thursday morning they are in profit,.i dont put stop lose
  • Post #359
  • Quote
  • Edited at 7:16am Nov 19, 2019 7:03am | Edited at 7:16am
Looking at my worst performer so far, GBPAUD.
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In relation to rule: 4. The previous H4 is green, but if we are going to open basket at 0300hrs next day (Tuesday Morning), we may as well wait for the H4 to fully form. The EA can then run a final confirmatory check to see if the candle has closed below or higher than the previous candle. Alternatively we can open the basket at 0000hrs. Just my observations.

The same appears to be the case for AUDCHF, but the opposite direction. If we waited until 0400hrs to open the basket, we would have seen that the candle changes and closed above the previous close, thus invalid signal and no open trade.
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This is USDCHF, the only pair that is in the green. Here you can see that the H4 (at 0400hrs) candle closed in the green, and acts as a further confirmation.

Ultimately, if we are going to wait until the H4 candle has 'almost' formed, we may as well wait until it's fully formed and trade based off that.
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I can only go along with the negative reports above re this week's trades. My first time toes dipped in the water and so far its not looking too good.

A couple of fine detail questions. Suppose I put in 10 pending orders based on the Monday NY close. Suppose 6 are triggered: I assume the plan is to run these 6 until they either hit the basket loss limit or I close them out Thursday/Friday. Likewise, I assume I need to keep the 4 pending orders remaining but cancel any whose charts show they've lost their trends.

But is it worth watching the charts of the open trades? Should they be cut if they lose trend or just left to run regardless?
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