Nice Setup, thank you MickeyMar{image}
thank's in advance..
MickeyMar, nice strategy yu have here very profitable but have to be patience for more profitable position...
goodluck!
"bad trades at times do happen even when the set up are good"
- #82
- Oct 19, 2017 12:35am Oct 19, 2017 12:35am
- | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
- #83
- Oct 19, 2017 12:45am Oct 19, 2017 12:45am
- Joined Mar 2015 | Status: Trader | 1,885 Posts
"bad trades at times do happen even when the set up are good"
{quote} I was thinking of making that rule "10pips beyond the channel", to be even more sure, but I guess the difference is negligeable. We will still get stopped out many times, the important thing is to keep the good trades going... and going...
{quote} That's exactly the rule I used, so it's correct from my side. I was thinking of making that rule "10pips beyond the channel", to be even more sure, but I guess the difference is negligeable. We will still get stopped out many times, the important thing is to keep the good trades going... and going...I still haven't seen any delayed entry, but there will be this end of week, for sure. The EA now opens trades after the candle close, so no more trades taken before the signal is printed. Good job Damian. THanks also Elsar, for your...
The AMA.exe opens multiple trades when the signal cross as well as when the price retrace and recross the signal......can be very profitable without hard stoploss....but still testing
- #92
- Oct 19, 2017 5:51am Oct 19, 2017 5:51am
- | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
- #95
- Oct 19, 2017 7:00am Oct 19, 2017 7:00am
- Joined Sep 2010 | Status: Trader | 2,034 Posts
For discussion;
I would suggest that once price moves to the opposite side of channel, there is a good chance that a change in momentum has taken place. I generally keep my Stops within 5 or 6 pips outside of channel. The only variation could be if price is moving out of a long period of consolidation. In many cases, my stops would be 30-35, following these guidelines.
Just my thoughts, not trying to alter basic set up.
I would suggest that once price moves to the opposite side of channel, there is a good chance that a change in momentum has taken place. I generally keep my Stops within 5 or 6 pips outside of channel. The only variation could be if price is moving out of a long period of consolidation. In many cases, my stops would be 30-35, following these guidelines.
Just my thoughts, not trying to alter basic set up.
Fotolia: I think you should see the rules again, but in any case I'll try to explain again:
There are 2 ways to enter:
immediately (when a crossover happens and the 50pips maximum SL is not on the same side of the channel) or
delayed (when the crossover happens after or during a very large move, and we can't put our maximum 50pips stop on the other side of the channel). In this second case, the EA is simply waiting for price to hit the 33EMA (signal MA) and enters when price touches it. On the EA, you will see it as a vertical dotted line, which means the next time prices touches the 33EMA, the order will be executed.
Now:
ALL THIS HAS NOTHING TO DO WITH THE DIFFERENCE BETWEEN FIRST SIGNAL AND RECONFIRMATION SIGNAL.
Both the first signal (which changes the direction, as I posted in a previous post) and the reconfirmation (happening when the signal MA goes inside the channel and back out) can be immediate OR delayed.
So, we have:
1a. First signal immediate
1b. First signal delayed
2a. Reconfirmation signal immediate
2b Reconfirmation signal delayed
In your picture:
1) is nothing, no signal. I don't think it's a delayed entry, because the previous signal appears quite close to the channel, so it would have been executed immediately, with no delay.
3) is nothing, no signal
2) it's a reconfirmation signal. signal line goes (very little, but it goes) into the channel, then comes back up to cross above the channel.
Hope this helps. I really can't explain it better Use the EA in testing, visualization mode, to see how the signals are executed - it will give you an understanding of how the system works, in concept.
Good luck!
There are 2 ways to enter:
immediately (when a crossover happens and the 50pips maximum SL is not on the same side of the channel) or
delayed (when the crossover happens after or during a very large move, and we can't put our maximum 50pips stop on the other side of the channel). In this second case, the EA is simply waiting for price to hit the 33EMA (signal MA) and enters when price touches it. On the EA, you will see it as a vertical dotted line, which means the next time prices touches the 33EMA, the order will be executed.
Now:
ALL THIS HAS NOTHING TO DO WITH THE DIFFERENCE BETWEEN FIRST SIGNAL AND RECONFIRMATION SIGNAL.
Both the first signal (which changes the direction, as I posted in a previous post) and the reconfirmation (happening when the signal MA goes inside the channel and back out) can be immediate OR delayed.
So, we have:
1a. First signal immediate
1b. First signal delayed
2a. Reconfirmation signal immediate
2b Reconfirmation signal delayed
In your picture:
1) is nothing, no signal. I don't think it's a delayed entry, because the previous signal appears quite close to the channel, so it would have been executed immediately, with no delay.
3) is nothing, no signal
2) it's a reconfirmation signal. signal line goes (very little, but it goes) into the channel, then comes back up to cross above the channel.
Hope this helps. I really can't explain it better
Use the EA in testing, visualization mode, to see how the signals are executed - it will give you an understanding of how the system works, in concept.Good luck!
{quote} Hi RoyPK, Thanks for your feedback. Is your broker at GMT+0 time? If so, did you set the BrokerGMT input parameter to 0 ? (It is 3 by default) About the multipair EA on one chart, it is not my primary objective because: It would not be backtestable, or very difficult It is more flexible to add the EA to each chart if we want to set different parameters by pair (TP, SL, trading time...). All in one EA would produce a huge list of param The code will be much more complicated to manage multipairs and I don't have enough time to do it currently...
I am aware that the system, in testing, will not always be profitable. USDJPY for instance, my best pair so far, only made 700pips in testing, for the whole year.
But I am not planning to trade the EA for weeks without checking. The purpose of the EA for me is to help when I am sleeping and not able to manage trades, when Im away for 6-12 hours, stuff like that. I will never abandon my live trades completely, and have a profit of 1000pips dissapear from my platform
Im sure you guys get the point.We are traders at the end of the day, and profits are about BANKING MONEY. I don't care if the EA in testing on the NZD pairs is not profitable. This is the reason why I want to trade the EA as a basket. Damian is right, it's too complicated at this point. But Damian, if you could add a "close when equity reaches + x%, it would be great.
Last night I literally WATCHED the EA taking all the trades from 2017
it was a lovely movie for me 
anyway... it occurred to me that the entries are VERY GOOD, and so is the trade protection setting. But the take profit side sucks... Which is why I want to manage that manually, until a better filter than fixed TP or close on opposing signal is found.So Damian, here's an idea that could really improve our profit taking greatly: what about having an option to CLOSE TRADE IF PRICE CLOSES ON THE OTHER SIDE OF THE CHANNEL? You get my point? This will take out many trades, but I don't mind, because if we trade reconfirmations then the EA will open again the trade if price goes back into the trend... so we will not lose much. But we could gain hundreds of pips by not letting the stops be hit... Let's try it?
So, these 2 things are for me the only ones left for a GOOD EA:
1) option to close all if unrealized P/L hits X% of account balance.
2) option to close trade if price closes on the other side of the channel (for a long, if price closes below the 55EMA applied to low / for a short, if price closes above the 55EMA applied to high). I'd prefer this to a trailing stop (I hate trailing stops in general). Closing beyond the channel, from the "movie" I saw last night... is usually a sign that the signal's strength is gone, and there's no point in continuing to stay in, especially since there's a good chance if we are wrong and exit too early, the EA will get us back in at the next reconfirmation.
Right now, missing many trades last night, my demo account with EA put on ALL PAIRS (some 25) is showing a 200pips NET profit (down from 300pips some 1hr ago). It's really exceeding my expectations.
One more thing, and sorry for the long messages: I don't use optimizations, and I never used backtesting for this strategy. The system was designed with MARKET LOGIC behind, and meant to MAKE SENSE IN ANY MARKET, IN ANY VOLATILITY. I was happy to see that it generates profits on paper, too, just running the EA. But believe me, using a minimal discretion and some sound money management to close/alter the EA manually, the results could be X10 better than using the EA blindly.
Sorry if i don't answer ALL messages, sometimes the questions are already in the previous posts & between my trading and my life there isn't much time to answer. But I read all and I thank you all for participating and helping improve this system and making it automated.