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Falling Knives

  • #441
  • Feb 22, 2016 11:24pm Feb 22, 2016 11:24pm
Quoting pipsquick16
I had 38 open trades on Gold close at all once with a loss of -$172.00. Do you have a time limit on any group of trades per pair, or is this group closing based on the loss amount ??

That there would be one of the wussy out closes. First available chance in profit or a selected dynamic pivotal point of the chart.

With each of the traders, there is a minimum of 3 closing logics including the Stop Loss value, some of them have a hard coded 4th. If the trades closed at a loss, this would have been the 4th logic.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #442
  • Feb 23, 2016 7:10am Feb 23, 2016 7:10am
So, myFXBook is saying that I have a 8033% gain, even though my balance is now at $2.44 from an initial $30, with equity at $41.13 (1685%).

Seems like it's doing great, if you have enough to cover drawdowns.

Would it be possible to extend the expiry date?

Edit: Currently 2364.90 pips in profit in 1 day!
  • #443
  • Feb 23, 2016 8:05am Feb 23, 2016 8:05am
Woke up to a nice surprise....
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  • #444
  • Feb 23, 2016 5:31pm Feb 23, 2016 5:31pm
Hello Magix, I was wondering whats going to happen next week at the end of the month with the FN EA ?? After testing for over one week, I came to the conclusion that it would be wonderful to have some flexibility by adding a couple of parameters if at all possible.

First of all if we could have an input for lot size that would be fantastic to say the least. Secondly I noticed that the EA can open up to 70-100 trades on any given pair, causing a huge open trade draw down. So it would also be nice to have an input for maximum number of trades per pair, where we can maximize the number of trades per pair.

As you already know, if the EU has a big trending week with a 1000-1200 pip move downwards, there will be a huge loss when the EA closes all of that basket of trades for that pair, and and would cause huge losses for a live account. If we could limit the maximum number of trades per pair that would reduce the risk big time. I dont know exactly how the logic works, but just a couple of ideas I had to improve the performance if at all possible.
  • #445
  • Feb 23, 2016 7:55pm Feb 23, 2016 7:55pm
Quoting pipsquick16
Hello Magix, I was wondering whats going to happen next week at the end of the month with the FN EA ?? After testing for over one week, I came to the conclusion that it would be wonderful to have some flexibility by adding a couple of parameters if at all possible. First of all if we could have an input for lot size that would be fantastic to say the least. Secondly I noticed that the EA can open up to 70-100 trades on any given pair, causing a huge open trade draw down. So it would also be nice to have an input for maximum number of trades per...
Yes. An input to limit the number of trades per pair would be great. Limit to 10 would be perfect for me. This would eliminate the possibility/Probability of trades being left behind on a trend reversal that does not come back. This is an excellent ranging EA in my opinion.
The only other thing I can see is some adjustment to prevent the loss trades. I notice when a batch is closed there are up to 1/2 closed at a loss. Not a huge problem as the result is still positive. It would just make the profits even better.
Great job so far Magix.
Will post progress in a mo'
Look Left Trade Right
  • #446
  • Feb 23, 2016 8:06pm Feb 23, 2016 8:06pm
So far I have only blown one account up...
Not the EAs fault. I have been playing with settings & had 14 pairs running.
Down to the 5 pairs this EA seems to "Like"
These 2 statements show EA on 5 pairs. Both set at 60mins but one one on 5m & one on 1m.

Not a lot difference but these to charts tell a story.
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Look Left Trade Right
  • #447
  • Feb 23, 2016 8:11pm Feb 23, 2016 8:11pm
Thought I would try this on a smaller account. $500 account. 5 pairs. set on 60 on 1m charts. I have so far seen a max of $74 DD. Most of the time around $10 to $20 DD
Still early days but so far so good.
OHH yeah I'm using FK2..(FKStochs)
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Look Left Trade Right
  • #448
  • Feb 24, 2016 5:26am Feb 24, 2016 5:26am
Hello traders,

I am testing FK2, 5mn with 10 pips grid and 1.2 multiplier. So far very good results.
S
  • #449
  • Feb 24, 2016 5:38am Feb 24, 2016 5:38am
Hi Magix,
Still no plan after expiry date?
Tx
S
  • #450
  • Feb 24, 2016 9:24am Feb 24, 2016 9:24am
Quoting sbenichou1
Hi Magix, Still no plan after expiry date? Tx S

I was thinking of maybe just having a private group of testers to continue working on the Falling Knives logic.

The original version has close to 800 downloads and only a fist full of people that are willing to share some stats.

I've gotten a few PMs and a few that have been kind enough to share some Trade Explorers and myfxbook links, these seem like a great set of people to continue working with.

As for the rest?


I'm still quite busy and haven't had time to work much on logic or on replies...after my son heads out for basic training this week, I will hopefully have a little more time to keep working.

Apologies for the delay in replies to all...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #451
  • Feb 24, 2016 9:33am Feb 24, 2016 9:33am
I do like the looks of Math's tester...

Link
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #452
  • Feb 24, 2016 9:50am Feb 24, 2016 9:50am
Magix
here is the updated results since 14/02
looks very good.
fk2
5mn chart
grid 10 pips every 5mn

congrats!!!!

S
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  • #453
  • Feb 24, 2016 9:52am Feb 24, 2016 9:52am
Magix,

I have included my trade explorer in my profile. While its not your original code, its based on the same conditions.

That being said, any help I can provide will be more of an idea exchange, since our EA's may have some differences in logic


Thanks again for this thread.

-Almo
  • #454
  • Feb 24, 2016 10:05am Feb 24, 2016 10:05am
Been a slacker, here is mine. Its public on my profile.
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  • #455
  • Feb 24, 2016 10:27am Feb 24, 2016 10:27am
My live account grew from $30 to $39 in 3 days.

Also added GBP/AUD, along with EUR/USD. FK v2 at 1M, 60 second delay.

I've also created an account on your forum. Thanks for this amazing EA!

https://www.myfxbook.com/members/lea...aturns/1526978
  • #456
  • Feb 24, 2016 10:45am Feb 24, 2016 10:45am
My live account is up +$113.00 after almost 3 days. I am running it on 8 pairs on the 5 min time frame with a 150 second delay. I took a -$172.00 hit yesterday on Gold so I deleted that pair. We really need a maximum number of trades parameter per pair, so we can prevent our account from blowing up when strong trends occur.
  • #457
  • Feb 24, 2016 11:02am Feb 24, 2016 11:02am
Quoting pipsquick16
My live account is up +$113.00 after almost 3 days. I am running it on 8 pairs on the 5 min time frame with a 150 second delay. I took a -$172.00 hit yesterday on Gold so I deleted that pair. We really need a maximum number of trades parameter per pair, so we can prevent our account from blowing up when strong trends occur.

I don't necessarily disagree with you, but you likely reached your $113 due to NOT having that limitation on.

Perhaps having the option to put it on, should be left to the user, rather than hard coding it?
  • #458
  • Feb 24, 2016 11:17am Feb 24, 2016 11:17am
Quoting almo
{quote} I don't necessarily disagree with you, but you likely reached your $113 due to NOT having that limitation on. Perhaps having the option to put it on, should be left to the user, rather than hard coding it?
I think you missed my point, and that is that I could be up a lot more money if it wasnt for the 82 open trades on Gold where I took the big hit. The way that I see it is that there should be a max of lets say 15-20 trades per pair, and then if you are running 12-14 pairs you can absorb a loss on 15-20 pairs, but not on 80-100 pairs, understand ??
  • #459
  • Feb 24, 2016 11:22am Feb 24, 2016 11:22am
Quoting pipsquick16
{quote} I think you missed my point, and that is that I could be up a lot more money if it wasnt for the 82 open trades on Gold where I took the big hit. The way that I see it is that there should be a max of lets say 15-20 trades per pair, and then if you are running 12-14 pairs you can absorb a loss on 15-20 pairs, but not on 80-100 pairs, understand ??
check your grid also, 2 pips is really to close, i use 10 pips.
S
  • #460
  • Feb 24, 2016 11:36am Feb 24, 2016 11:36am
Quoting pipsquick16
{quote} I think you missed my point, and that is that I could be up a lot more money if it wasnt for the 82 open trades on Gold where I took the big hit. The way that I see it is that there should be a max of lets say 15-20 trades per pair, and then if you are running 12-14 pairs you can absorb a loss on 15-20 pairs, but not on 80-100 pairs, understand ??
Yep...I get it. You want to reduce your exposure on any particular pair.

Sounds to me we just need the code to include something like 'Add positions while total exposure on pair < = x%"
or 'Add positions while total lots on pair < = y",
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