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Magix

I actually love the TDI TOE and would like to ask you if a hard stop can be programmed into the parameters. I would then test it with various type of hard stops to protect equity along with generating a handsome amount of profits. After watching the trades being executed I have an idea to exit losers quickly and to ride the profits.

thanks
Quoting gkawa22
Magix I actually love the TDI TOE and would like to ask you if a hard stop can be programmed into the parameters. I would then test it with various type of hard stops to protect equity along with generating a handsome amount of profits. After watching the trades being executed I have an idea to exit losers quickly and to ride the profits. thanks
There are several ways of implementing what you call Hard Stops, is there a particular method that you're thinking of?

GVC gave us a nice little account equity protector and it has been added to the Follow The Leader SWB version HERE (http://www.forexfactory.com/showthread.php?p=7143839#post7143839). Is this the kind of Stops you are thinking of?

One way I was thinking of is removing the [profit>=tp_in_money], in the exit trigger code. What this would effectively do for the TOE versions that we are running, is allow them to close trades at a loss, but do so on the next counter trigger.

It would effectively just grid as was designed to do, but wouldn't be forced into waiting until profit.

When there is a trigger with a high degree of accuracy, this can cut losses short, but still allow the grid and trigger logic to continue.

The thing is, after so many trades in a single direction go under water, there is the eventuality that there will be a reversal, even if only slight. So, the EA continues to sell, against a long trend...if you close out at a basket loss figure, and the trend continues, it will again begin to rebuild short trades. One of these will become prosperous, but will be at a lower level, leaving the likelihood of gaining back the hard loss closes slim. If we just allow it to continue to trade by direction and close on counter, it may stand a better chance of recovering some of these losses with the higher ranges.

Anyways, these are 2 possibilites for modifications to the TDI...

If you have any other ideas, feel free to post them here. Will see what we can do to improve the overall profitability by reducing the risk to account.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Hey Magix,

pls see donation attached.

Cheers,
Z
Attached Image
Quoting zkudett
Hey Magix, pls see donation attached. Cheers, Z {image}
Welcome to the thread and Thanks for the Donation!

You've got mail!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Hi Magix,
Thank for your thread ,here is my donation Peter Cerny Foundation .(2000HUF=10 usd)
Attached File(s)
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Quoting fxpro123
Hi Magix, Thank for your thread ,here is my donation Peter Cerny Foundation .(2000HUF=10 usd) {image}
Welcome to the thread and Thanks for the Donation!

Please send me your email address in a Private Message and I will forward the Christmas EAs over.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Hey David, thanks for the package.

I started analyze the bot. Can you help me what do the following settings do?
- "risk percent"
- "lot multiplayer 2"
- "lot multiplayer 2 level"?

Also, is there a possibility somehow to protect equity like closing all trades at a specific % of equity loss? Because if price goes agains us on a long term like AUDUSD recently, it can cause a serious DD/margincall. As I see this type of situation happens 1-3 times a year per pair, would be nice to avoid serious harm.

Thanks,
Z
So NFP ran over my Stoma account like truck over a tomato..
Quoting zkudett
Hey David, thanks for the package. I started analyze the bot. Can you help me what do the following settings do? - "risk percent" - "lot multiplayer 2" - "lot multiplayer 2 level"? Also, is there a possibility somehow to protect equity like closing all trades at a specific % of equity loss? Because if price goes agains us on a long term like AUDUSD recently, it can cause a serious DD/margincall. As I see this type of situation happens 1-3 times a year per pair, would be nice to avoid serious harm. Thanks, Z
Risk Percent is the amount of your account that you would risk, on a per pair basis...

So, this will cut the trades short at a loss if they equal or try to exceed this amount. Hypothetically, if you set this to 5%, and the drawdown hits 5% on a trade, it will close all and resume trading as it would normally, and still maintain the 5% risk for max dd.

Lot Multiplier 2 is a special feature of the regular multiplier and works with lot multiplier level.
If you have selected to use the multiplier instead of increments, then what will happen is that it the primary levels will increase the lot size in multiples as according to the pre-set, default value 2. When this hits the Multiplier level that you have set, it will either increase the multiple value, or decrease once hits this level. What this will do is allow you to either get more agressive with cost averaging for higher levels, or decrease the risk by decreasing the multiplier for subsequent levels.

IE Lot multiplier 2, Lot multiplier2 = 3, multiplier 2 set to level 3
Primary trade = .01
Trade 1 - .01
Trade 2 - .01 x 2 = .02
Trade 3 - .02 x 2 = .04
Trade 4 - .04 x 3 = .12
Trade 5 - .12 x 3 = .36.

Keeping in mind that unless any or all of these are closed, this will be a cumulative value drawing against the account.

Does this answer your question?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting bluejack
So NFP ran over my Stoma account like truck over a tomato..

NFP can be a bit of a pickle in any circumstance, but really, when applied to a grid strategy, only plays the same as any Friday.

As Friday is the Typical Trend day, trades run especially harder in the direction of the trend on this day, not leaving a lot of room for retrace. Only on typical Fridays, we expect some retrace on the Monday. Because we are past NFP and with the heavy trends going against the USD, STOMA can look like a BLOWMA!

Now...this being said...

It is a valuable lesson that we all learned for free. Nuke proof on a steady gainer can still find a serious time when rubber will meet the road.

Ain't pretty, but you know that you can protect yourself and walk away with gains before this happens next.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Absolutely, thanks for the info.
Risk percent = 1 (default) means 100%? So if I don't want to risk e.g. more than 20% of my equity per pair, I should set it to '0.2', right?
Quoting Magix
{quote} NFP can be a bit of a pickle in any circumstance, but really, when applied to a grid strategy, only plays the same as any Friday. As Friday is the Typical Trend day, trades run especially harder in the direction of the trend on this day, not leaving a lot of room for retrace. Only on typical Fridays, we expect some retrace on the Monday. Because we are past NFP and with the heavy trends going against the USD, STOMA can look like a BLOWMA! Now...this being said... It is a valuable lesson that we all learned for free. Nuke proof on a steady...
Yes it is.. I wanted to test it out for learning purpose.. And moreover my account was on FREAKING HIGH RISK.. So it's all fine..
Let's do the testing and refine the testers and our skills..
Zkudett,

RiskPercent = 1 means 1%
RiskPercent = 100 means 100%

You use the actual number that you want...e.g 20 = 20%

EDIT:This only works on "Follow the leader" EA for now.
On the other EA,s its use is for the AutoLot function.
Quoting KillerCH
{quote} Yes kosmos, Only MT4 Publisher works with EA autoupdate.. =) http://www.myfxbook.com/help/connect-metatrader-ea ((in my system not work MT4 EA and MT4 auto update) Hit de EA on a M1/M5 and everyupdate on 5Mins and then works when the market its open!
Thanks, Killer. I already tried it. Auto Update works better for me.
mind over matter
Finally got my myfxbook links working...

What'd I need to do to get it going?

Wait...that's it.

WHEW!!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Magix,

Thanks for pointing me to the strategy tester. So far, I only used it occasionally to practise manual entries with the Trading Simulator, but now I see how helpful it can be in experimenting with different EA settings. Love it!

As for Christmas 2, I got trades under default settings, and no trades under the 60/240 (no wonder, my bad), so it's back to the default MAs for now. Some trades have just opened.

Sorry for the false alarm
mind over matter
Quoting kosmo
Magix, Thanks for pointing me to the strategy tester. So far, I only used it occasionally to practise manual entries with the Trading Simulator, but now I see how helpful it can be in experimenting with different EA settings. Love it! As for Christmas 2, I got trades under default settings, and no trades under the 60/240 (no wonder, my bad), so it's back to the default MAs for now. Some trades have just opened. Sorry for the false alarm

The biggest thing I will caution you about when working with the Strategy Tester is thinking that the backtests results will somehow be indicative of forward testing. There is simply no accuracy that can be lent to these as a general rule. Backtest something that you have run for a week and it will not resemble the live and true test results.

If that were the case, we'd all be rich!

It does however, help to assist in formulating market strategy and lends itself to an accelerated learning curve when viewing and comparing results of when trades are taken to a specific set of rules.

As a Strategy Tester, it is Awesome!

As a backtester, it is a steaming pile of shit!

Much like a lot of tools and ideas that are available, we need to learn their capabilities and restrictions and maximize their purpose through a selected understanding.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting Magix
{quote} The biggest thing I will caution you about when working with the Strategy Tester is thinking that the backtests results will somehow be indicative of forward testing. There is simply no accuracy that can be lent to these as a general rule. Backtest something that you have run for a week and it will not resemble the live and true test results. If that were the case, we'd all be rich! It does however, help to assist in formulating market strategy and lends itself to an accelerated learning curve when viewing and comparing results of when trades...
Understood
mind over matter
Hi Magix

High time I got in on this and a great excuse to support our local surf lifesavers. PM headed to you with a link to the receipt

G.
Quoting Chairman
Hi Magix High time I got in on this and a great excuse to support our local surf lifesavers. PM headed to you with a link to the receipt G.
Hey Chairman!!

Welcome to the thread and thanks for the donation!

Damn nice to have you aboard, sir!

Check your PM.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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