Started from Post #213 on another Journal. I have a habit of asking questions, and a bad habit of hijacking theads.
Using to track my trade explorer: almatrader.
Notes:
I feel like a hayseed... for the first time ever in my trading journey... Although the results mean nothing to me right now. signals were as follows (all based on ALMA). Example on M15 but all the way up to taking 240 signals (no daily signals or higher).
What are the problems with this week's executions?
Using to track my trade explorer: almatrader.
Notes:
I feel like a hayseed... for the first time ever in my trading journey... Although the results mean nothing to me right now. signals were as follows (all based on ALMA). Example on M15 but all the way up to taking 240 signals (no daily signals or higher).
Inserted Code
if(TradeLongs == True) { if(AlmaBuySignal(M15) == True && (AlmaUpTrend(M30) [b][u]OR[/u][/b] AlmaUpTrend(M60))) { EnterAtMarketLong(); } if(AlmaSellSignal == True && (AlmaUpTrend(240) == True && AlmaUpTrend(1440) == True)) { EnterAtMarketLong() } }
- When adding EA to a currency pair, the user (me) determined trade direction. This was a subjective mix of Alma on Daily, BBAND on 1440, and gut... What is more, nothing was tracked throughout the week to confirm that the buy or sell should continue... it just stayed on.
- I built this from notes in Post 200 and Post 202 - "Whatever indicator you use, just make sure it's the same on the lower timeframe producing the signals)
- The code above would only take an M15 signal if the indicator was already moving in favor on M30 (timeframe +1). I added the Timeframe +2 as an OR conditional, this likely increased the number of trades
- Poor use of margin... I believe was was at about 150% margin by Tuesday...enough said. I actually turned off the M5 signals because of this
- As can be seen with the pictures, lots of order concentration in the noise, meaning a lot of the M15 and M30 signals were taken with minimual purpose with regard of making money in trend. That is not to say this is not a meaningful method to "build a position" indescriminately, but with AUDUSD as the example, I had a lot of margin tied up in that pair, and at a glance it looks like 80% of that position was within a daily ATR of the final close price, despite positions being days old
Things I hope to add to this test for next week...
- More discerning entries. For example, only build positions on counter zigzag legs.
- Being okay with taking profit off of the table... What does this look like? On new zz legs? weekly ATRs? does this allow for weeks to go against me?
Sorry for hijacking this thread... I should start my own just to avoid taking from what you're trying to accomplish!
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