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  • #261
  • Jul 11, 2017 10:09am Jul 11, 2017 10:09am
MoneyManagement is about having control of moneyflow to and from your account, loosing as little money as possible.
There is multiple ways of doing that. One of them could be the ratio 2:1
Very simple. If you win, you will win 2 and if you loose, you will lose 1.

Lets say you do 100 trades with TP $2 and SL $1 (only theory, no spreads etc.)
Out of these 100 trades lets say

you lose 60 trades of $1 = $60
you win 40 trades of $2 = $80

Even with this bad win ratio you still cash in $20
BreakEven with win ratio at only 34%.

But there is also the real world.
Below screenshoots of a test during 3-4 days
I used the InDx indicator with the settings M15 M30 H1.
TP and SL I used the ADR with ratio 2:1.
Problem is when the trend turn around, the InDx is to slow to realise it
and make many wrong trades. A better indicator or settings will do it, and minimize losing I think.
Attached Image (click to enlarge)
Click to Enlarge Name: InDx 2 1_1.gif Size: 160 KB

Attached Image (click to enlarge)
Click to Enlarge Name: InDx 2 1_2.jpg Size: 1.6 MB

Attached Image (click to enlarge)
Click to Enlarge Name: InDx 2 1_3.gif Size: 162 KB


Keep on testing
POSIBILLITIESNOWHERE - see the light? Light is everything
  • #262
  • Jul 11, 2017 11:02am Jul 11, 2017 11:02am
Quoting brenko
{quote} Hi Seller9 I viewed a video shortly about the Guppy indicator by Daryl Guppy himself. Very interesting. In the video he also speaks about setting Entry and StopLoos conditions. He is using Count Back Lines (CBL) for SL and use CBL for TSL too. Maybe this can be considered as Money Manegement when using the Guppy_PIN indicator. The video is 45 min. long. He starts talking about TP an SL (MoneyManegement) at 31:15 https://www.youtube.com/watch?v=QInB6iExaxw Have a nice day!
Thank You for the video..

In the next few days I will give it a look and see what I can add or change in the Guppy to follow what the rules should be and maybe also add the TP and SL as explained in the video.

Thanks and have a nice day
  • #263
  • Jul 11, 2017 11:10am Jul 11, 2017 11:10am
Quoting brenko
MoneyManagement is about having control of moneyflow to and from your account, loosing as little money as possible. There is multiple ways of doing that. One of them could be the ratio 2:1 Very simple. If you win, you will win 2 and if you loose, you will lose 1. Lets say you do 100 trades with TP $2 and SL $1 (only theory, no spreads etc.) Out of these 100 trades lets say you lose 60 trades of $1 = $60 you win 40 trades of $2 = $80 Even with this bad win ratio you still cash in $20 BreakEven with win ratio at only 34%. But there is also the real...
Thank you for showing some testing and ideas.

Yes, the InDx is slow as it is only looking back in time like a moving average does so can be great in a trending market but when a pair turns it can be slow to react.
The M15 seems to follow the price action the best but can not see the turns coming either.

That's when a basket TP can help along with a trailing basket equity stop loss.

New traders always try to catch the exact top and bottom where an old trader just takes the middle out of a trend and is happy.

Thank You and have a nice day.

If we only had a crystal ball we would be rich in no time.
  • #264
  • Jul 11, 2017 2:07pm Jul 11, 2017 2:07pm
Quoting seller9
{quote} I trade the pairs for the GAP using a basket equity rather than a TP when the GAP is filled or what ever % of GAP you have it set for. GAP trades work best when setting a basket target as explained in the video, usually 50% of total profit available when all gaps are filled. Trying to take a TP per pair does not work as well as you may get some pairs that go the wrong direction and by using a basket the runners will help to over come the guys going the wrong way. Of course you could use a per pair stop loss to protect yourself from the crazy...
thank you Seller9, what i was concerning is when the pair turned into blue color, it means filled. if i still allow to have Casino open this position, then most probably it will go wrong.

By Monday, when Gap tab clicked, there were at least 4 pairs showed blue, but total was about 8 pairs having GAPs, considering of filled pairs, i turned off those pairs for the safe.

So the questions, if the pair(s) showing blue, does Casino still picks it to open? If open, is it gonna be profitable?

thanks
  • #265
  • Jul 11, 2017 3:23pm Jul 11, 2017 3:23pm
Is this a bug of the magic 8 Ball?

Attached Image (click to enlarge)
Click to Enlarge Name: Casino magic.png Size: 157 KB
  • #266
  • Jul 11, 2017 3:40pm Jul 11, 2017 3:40pm
Quoting fallenleaf
{quote} thank you Seller9, what i was concerning is when the pair turned into blue color, it means filled. if i still allow to have Casino open this position, then most probably it will go wrong. By Monday, when Gap tab clicked, there were at least 4 pairs showed blue, but total was about 8 pairs having GAPs, considering of filled pairs, i turned off those pairs for the safe. So the questions, if the pair(s) showing blue, does Casino still picks it to open? If open, is it gonna be profitable? thanks
The color can change back and forth and does not affect Casino taking the trade as the color is only for your information.

I always start my GAP trading 5 minutes after the new week starts and as I have stated go for a basket equity take profit point based on what the numbers under the GAP column show, I use 50%. So at the start of this week the numbers were 181/22 using a NrmL lot size of .01, so I set my BE at $11.00 and stop after 1 basket and let it run. Don't set your BE or open any trades untill a new week starts so the GAP column is sure to be updated, that is why I wait 5 minutes. 5 minutes after the market opened and when the spread on the pairs to be traded went to 4 or less the trade would be open. I didn't watch it but it is possible that maybe some already had closed the GAP when the spread got to 4 or less and the trade was opened, I really don't care as I was trading a basket and the ones that may have closed the GAP already when the trade was opened may be the big runner that will add big to the rest of the basket.
I just turn it on and let it do its thing, to be safe you may want to set a Equity SL at your pain level.

It is up to you how you want to play it, I have tried the individual TP and SL method for each pair and have found that the BE way works the best.
I have seen GAP counts on rare occasions be at 1000 to 2000 pips.

Some pairs will fill the GAP and keep on going while others may fill or not and reverse, by using a BE TP the big runners help to over come the ones that may go against you.

If you try to trade using a fixed TP for each pair of a % of the GAP there is no built in protection to stop the trade if it has already reached your TP and you may enter and then get taken out of the trade as your TP has already been hit or even gone past, that is why it is best to use a BE TP and don't use any separate TP points for each pair as a big runner in your direction may get closed before it needs to be which will stop it from helping the others to over come the losses by the bad ones.

Looking at the 9 charts for the pairs I traded I see they all filled the GAP 100%, and some are still running in the same direction.
  • #267
  • Jul 11, 2017 7:58pm Jul 11, 2017 7:58pm
Quoting brenko
MoneyManagement is about having control of moneyflow to and from your account, loosing as little money as possible. There is multiple ways of doing that. One of them could be the ratio 2:1 Very simple. If you win, you will win 2 and if you loose, you will lose 1. Lets say you do 100 trades with TP $2 and SL $1 (only theory, no spreads etc.) Out of these 100 trades lets say you lose 60 trades of $1 = $60 you win 40 trades of $2 = $80 Even with this bad win ratio you still cash in $20 BreakEven with win ratio at only 34%. But there is also the real...
Hello,

Good results !
Thanks for share !

  • #268
  • Edited Jul 12, 2017 12:41am Jul 11, 2017 9:15pm | Edited Jul 12, 2017 12:41am
Hi Seller9,

Just a question, in the settings is an option to Add to trades? I've been playing with various settings but cant get it to add to a trade if a new signal appears...maybe I'm overlooking something obvious.
  • #269
  • Jul 12, 2017 8:02am Jul 12, 2017 8:02am
Hello Seller9,

Very nice job as always.
Regarding Guppy, could you tell us exactly how the system entry? what is the signal?
Will you add sl and tp for the single trades?
tx
  • #270
  • Jul 12, 2017 8:35am Jul 12, 2017 8:35am
Seller9,

How do i solve the error message "off quote" on some trades? The robot doesn't trade all the signal because i have this error sometimes?

tx
  • #271
  • Jul 12, 2017 8:35am Jul 12, 2017 8:35am
This GMMA, Guppy Multiple Moving Average is so cool _
Shame i can't test it fully with other options and watch it properly as
I 'm testing some other systems, but i am very much tempted
to find time and run casino with it, trying to find suitable exits very important _
Attached Image (click to enlarge)
Click to Enlarge Name: guppy pin casino.png Size: 235 KB
The arriving better than the arrival, the journey has just started
  • #272
  • Jul 12, 2017 11:11am Jul 12, 2017 11:11am
Hello again,

here is a short video to finetune entry.

Enjoy....

Inserted Video
  • #273
  • Jul 12, 2017 2:02pm Jul 12, 2017 2:02pm
Here is a screen shot of my current Guppy test..Its been running since Sunday day at the start of the trading week..No interaction...

Jimmy

https://gyazo.com/91f1efda2ea27b199c63132dad65739a
  • #274
  • Jul 12, 2017 2:54pm Jul 12, 2017 2:54pm
Quoting Magregus
Hi Seller9, Just a question, in the settings is an option to Add to trades? I've been playing with various settings but cant get it to add to a trade if a new signal appears...maybe I'm overlooking something obvious.
That is an option that will be available in future PINs.
  • #275
  • Jul 12, 2017 2:56pm Jul 12, 2017 2:56pm
Quoting jimbnc
Here is a screen shot of my current Guppy test..Its been running since Sunday day at the start of the trading week..No interaction... Jimmy https://gyazo.com/91f1efda2ea27b199c63132dad65739a
Nice to see that green.
  • #276
  • Jul 12, 2017 5:56pm Jul 12, 2017 5:56pm
Quoting jamesT.
Is this a bug of the magic 8 Ball? {image}
The signal could have changed after the trade was placed, signals do change, they are not permanent.
  • #277
  • Jul 13, 2017 12:09am Jul 13, 2017 12:09am
Hello Seller,

I've created my account here strictly to follow and try to contribute to your EA.

I've officially just started yesterday using casino as a forex learning tool. I feel like it gives me a higher level of visibility of the Forex markets. My original focus was to be a binary options trader, but coming across your EA has inspired me to broaden my learning into pure Forex to include into my future trading strategies.

Today I took things a step further in preparation for potential live trading I've configured it on a VPS using the same datacenter as my broker, to better allow it to run constantly without having to leave my PC on.

After reading this entire thread and watching your instructional videos on youtube I'm convinced that by allowing casino run constantly with different strategies and parsing its results will be invaluable asset for my own trading education.

looks like in time I'll be able to run casino using 2 or 3 different meta trader windows running different strategies as I begin to dive deeper into this.

This is a picture of how much resources my VPS uses running 28 default windows in the background for the 1 meta trader window


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 821 KB


Thank you for sharing.
  • #278
  • Jul 13, 2017 2:42am Jul 13, 2017 2:42am
Guppy on action now m15...I opened from after Tokyo, but the volality came new..filtered with %inc and use RR 1:2 on adr ...If the outcome will on end of day good , then I will look further ..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 259 KB
" Accepting losses is the most important single investment devise "
  • #279
  • Jul 13, 2017 5:03am Jul 13, 2017 5:03am
During my update, I watched " The Mummy " not soo bad, nice action movie...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 258 KB
" Accepting losses is the most important single investment devise "
  • #280
  • Jul 13, 2017 11:35am Jul 13, 2017 11:35am
Here is an updated image of my ongoing guppy's being chased by the Broker sharks....Its at 568 pips so far..Not to shabby for no intervention at all..

https://gyazo.com/a5b08354d5ac5588cfb01b2ac93f8341
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