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(binned per thread starter’s request) FX Rogue Wave 6.0

  • #41
  • Sep 13, 2017 9:36am Sep 13, 2017 9:36am
Quoting ForexScotty
{quote} Thanks jdva! I am testing GBP pairs as well. Once channel is locked in place either by pushing start button or time. The sequence takes as long as it takes. Could takes several candles or all happen in 1. Or a day or two. On full auto, it will only start 1 sequence per day. But, once I provide the report on best times to trade, or folks do their own back test and find better ones, after the daily AUTO sequence closes in profit, you could turn Auto Trade off and start manually. Maybe getting a couple sequences per day per pair. Or not use...
OK...now I understand: 1 sequence consists of 8 orders, whenever the sequence is closed...EA shows then TRADING OFF...

Thx,jdva
I never lose - either I win or I learn...
  • #42
  • Edited 12:07pm Sep 13, 2017 11:33am | Edited 12:07pm
Quoting jdva
{quote} OK...now I understand: 1 sequence consists of 8 orders, whenever the sequence is closed...EA shows then TRADING OFF... Thx,jdva
No worries! I have default to 8 order in sequence. But can be any number from 1 to infinity.
Just remember, the more orders in sequence, the more equity you need. Likewise, the less orders, the less equity.

More orders is sequence, lower probability of sequence loss. Less orders in sequence, higher probability of loss.

Same is true with channel size; larger channel, more equity needed. Smaller channel, less equity needed.

I would love to find a condition that only requires 1 or 2 order in sequence. Imagine the possibilities! 8 seems to be a solid choice. At least so far.
  • #43
  • Sep 14, 2017 2:06am Sep 14, 2017 2:06am
Quoting ForexScotty
{quote} Thanks jdva! I am testing GBP pairs as well. Once channel is locked in place either by pushing start button or time. The sequence takes as long as it takes. Could takes several candles or all happen in 1. Or a day or two. On full auto, it will only start 1 sequence per day. But, once I provide the report on best times to trade, or folks do their own back test and find better ones, after the daily AUTO sequence closes in profit, you could turn Auto Trade off and start manually. Maybe getting a couple sequences per day per pair. Or not use...
ForexScotty...most people don't like semi-automatic trading.
Forex is open almost 24 hours on 3 different sessions with very often different trends. Hence why not offer a second entry time for London/NY session if in the first ASIA session a pair has been already closed the sequence?
For instance this night EURAUD closed its sequence in profit and that pair will now be flat about 20 hours!?

Moreover demo/backtesting is difficult too. If you get one 29 pips loss and later on the second order a 30 pips profit, the sequence will be closed with 1 pip profit on demo-trading. On livetrading with slippage the sequence will probably continue.
I never lose - either I win or I learn...
  • #44
  • Sep 14, 2017 6:17am Sep 14, 2017 6:17am
Quoting jdva
{quote} If you get one 29 pips loss and later on the second order a 30 pips profit, the sequence will be closed with 1 pip profit on demo-trading. On livetrading with slippage the sequence will probably continue.
That is where the martingale comes in.

If the RecoveryMultiplier is set at 2 which is default.

Using your example. If order #1 closes at stop loss, you lose 29 pips at .01 lots. Approximately -$2.90 loss. The second order is at .02 Lots for 30 pips profit. Approximately $6.00 gain. A net profit for the sequence of $3.10.
  • #45
  • Sep 14, 2017 6:19am Sep 14, 2017 6:19am
How did your GBPUSD today in real trading?

My one touched both sides for a profit of 1.5(?):


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 45 KB
I never lose - either I win or I learn...
  • #46
  • Sep 14, 2017 6:20am Sep 14, 2017 6:20am
Quoting jdva
{quote} ForexScotty...most people don't like semi-automatic trading. Forex is open almost 24 hours on 3 different sessions with very often different trends. Hence why not offer a second entry time for London/NY session if in the first ASIA session a pair has been already closed the sequence? .
Perhaps in a later version, multiple time based entries may be possible. Initially, I left the time function in as a back test function. It was not until I start seeing consistent patterns is why I left it in.
  • #47
  • Sep 14, 2017 6:25am Sep 14, 2017 6:25am
Quoting jdva
How did your GBPUSD today in real trading? My one touched both sides for a profit of 1.5(?): {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 39 KB


looks like your closed on order #2 While mine closed on #3.
  • #48
  • Sep 14, 2017 6:35am Sep 14, 2017 6:35am
Quoting jdva
{quote} If you get one 29 pips loss and later on the second order a 30 pips profit, the sequence will be closed with 1 pip profit on demo-trading. On livetrading with slippage the sequence will probably continue.
And, yes you are absolutely correct that the sequence example is a 1 pip gain. But my goal is not pips, but profit. With a martingale, one is not equal to the other.
  • #49
  • Sep 14, 2017 6:36am Sep 14, 2017 6:36am
Quoting ForexScotty
{quote} {image} looks like your closed on order #2 While mine closed on #3.
OK... I see you are using another updateversion4...
I never lose - either I win or I learn...
  • #50
  • Sep 14, 2017 6:39am Sep 14, 2017 6:39am
Quoting ForexScotty
{quote} And, yes you are absolutely correct that the sequence example is a 1 pip gain. But my goal is not pips, but profit. With a martingale, one is not equal to the other.
very likely you won't get 1 pip profit in real trading...
I never lose - either I win or I learn...
  • #51
  • Sep 14, 2017 6:41am Sep 14, 2017 6:41am
Quoting jdva
{quote} OK... I see you are using another updateversion4...
update 5 was for the sole purpose of providing code to allow me to share a demo copy.
  • #52
  • Sep 14, 2017 6:53am Sep 14, 2017 6:53am
Quoting jdva
{quote} ForexScotty...most people don't like semi-automatic trading.
Oh I agree. But, I didn't design it for most people. I designed it for me. Time has proven to be a valuable indicator, but I look for trade setups to use manually also. And since all one has to do is click a start button. I have made semi-automatic trading about as simple as I can.
  • #53
  • Sep 14, 2017 7:03am Sep 14, 2017 7:03am
Here is an example of a manual start on the EURJPY. I just clicked the start button.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 70 KB


Note the channel does not have a recent ranging pattern within it and the sell target is before the previous low of the recent downtrend. If price reverses and down trend continues, it will catch. If not, then the buy target would be a new high if the longer term upward trend continues.
  • #54
  • Sep 14, 2017 7:13am Sep 14, 2017 7:13am
Quoting ForexScotty
Here is an example of a manual start on the EURJPY. I just clicked the start button. {image} Note the channel does not have a recent ranging pattern within it and the sell target is before the previous low of the recent downtrend. If price reverses and down trend continues, it will catch. If not, then the buy target would be a new high if the longer term upward trend continues.
well done mate......do you first need to disable autotrade option in the EA before clicking the START button for manually trading?
I never lose - either I win or I learn...
  • #55
  • Sep 14, 2017 8:10am Sep 14, 2017 8:10am
Quoting jdva
{quote} well done mate......do you first need to disable autotrade option in the EA before clicking the START button for manually trading?
Yes, please turn auto trade off to use manually. It should not allow the start button to be clicked if auto trade is on.

BTW,

The EURJPY did reverse, but entered a new range, so I just scalped a few pips off of it by clicking to STOP button.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB
  • #56
  • Edited 12:30pm Sep 14, 2017 9:38am | Edited 12:30pm
I have completed a 2 year back test on 90% MQL Tick data.

Start time - All - 24 tests per pair
OrdersInSequence: 8
InitialOrderValue: .01
RecoveryMultiplier: 2
ChannelSize: 30
StopLoss: 29
TargetMultipler: 1
TrailingStopBeginLevel: 30
TrailingStopPercent: 100

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 121 KB


Spreadsheet shows number of sequence losses encountered during the two year test period.

As you can see, start time by itself can be good for some pairs and maybe not others. But, I think with practice, a manual start time would be better on those that do not favor auto trading on start time alone.

If you will note on my Trade Explorer, the single sequence loss I had was on the USDCHF. So, this test was a learning experience for me as well.
  • #57
  • Sep 14, 2017 10:35am Sep 14, 2017 10:35am
Channel size also has a lot to do with the volatility of a specific pair. Next week, I will do same test with 40 pip chart.
  • #58
  • Edited 11:00am Sep 14, 2017 10:50am | Edited 11:00am
Quoting ForexScotty
I have completed a 2 year back test on 90% MQL Tick data. Start time - All - 24 tests per pair OrdersInSequence: 8 InitialOrderValue: .01 RecoveryMultiplier: 2 ChannelSize: 30 StopLoss: 29 TargetMultipler: 1 TrailingStopBeginLevel: 30 TrailingStopPercent: 100 {image} Spreadsheet shows number of sequence losses encountered during the two year test period. As you can see, start time by itself can be good for some pairs and maybe not others. But, I think with practice, a manual start time would be better on those that do not favor auto trading on start...
Many thanks FS, I have adapted my times.
I don't trade USDCHF, but would be interested on EURAUD, GBPAUD, GBPCAD and GBPNZD...with 40 pips channel at best or ADR based too
30 period ATR: EA 21, GA 35, GCAD 30, GN 38 pips
I never lose - either I win or I learn...
  • #59
  • Sep 14, 2017 11:19am Sep 14, 2017 11:19am
Quoting jdva
{quote} Many thanks FS, I have adapted my times. I don't trade USDCHF, but would be interested on EURAUD, GBPAUD, GBPCAD and GBPNZD...with 40 pips channel at best
Knowing the volatility of those pairs, I would also assume at least a 40 pip channel. I will add them to my next test.
  • #60
  • Sep 14, 2017 4:29pm Sep 14, 2017 4:29pm
USDJPY just closed in 4th order.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB


Now starting another manual sequence.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 57 KB


Note the BUY Target is within the previous range.
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