AUDUSD nice 2nd signal. SL is 3 pips above channel, TP is 2xSL. {image}
EU is going nice. TP is 40 pips. While see.
- #162
- Oct 20, 2017 9:01am Oct 20, 2017 9:01am
- Joined Sep 2010 | Status: Trader | 2,034 Posts | Online Now
{quote} Because there are news. Be careful, you've been lucky (Me too). I forgot to watch the economic calendar; On CAD/CHF in a good entry this would be a huge loss. Never forgot to control economic calendar guys! Back to the basics, lol
Because with this system there is no HUGE loss, our damage is limited at 50pips or, like some of you suggested, even less. While the profits are not capped... CADJPY closed at break even, while USDCAD now has +112pips. Thanks to the news 
on my test with all pairs, I missed some huge moves on gbpaud and gbpnzd due to the "delayed entry" setup - this time the market went straight up, without retesting the 33ema. I still believe in the delayed setup, over time my best manual entries were on such setups, and I know it's good. But I'd still like to be able to have an "open trade now" option on the EA, so if I decide to go in late, not to take the trade manually but activate this option, so that the EA can manage it further.
I had 2 trades that were not taken by the EA, surprisingly - NZDUSD and NZDJPY last night. Maybe the spread at the time was larger than 6 (what I have set up)? What do you think Damien? I tried it in strategy tester, and it opened just fine.. what could it be?
OK, here's 3 extra improvements that I hope we can make to the EA on the next release (I think we're pretty close to a stable version now). So Damien, when you have time....
1) An "open trade now" setting, which, once ticked, would open a trade immediately, at the market price, on the current active signal direction, with default SL/TP as per the other settings, without waiting. I want to use this when I want to trade a setup manually, but I still want the EA to manage it further (exit, stop moved to Break even after 25pips, etc.).
2) A frequency filter for the reconfirmation signals - I think this is important. let me explain: sometimes the signal MA and the channel MA are almost overlapping, and if price spikes a few times, the signal EA can actually make several crossovers in a very short time, resulting in unnecessary, excessive exposure. This is what happened last night on AUDCHF (see picture below, entries are marked by the EA).
Solution: a filter (customizable, if possible) that would prevent any trades on the same pair to be open at less than, say, 20 pips distance of each other. This will ensure no repeated exposure will take place on the exact same signal, like last night.
3) A Trailing stop option (this is for the other guys, i personally will probably never use it, but I understand why traders would want it)
The EA works fine for me so far, can't wait for the new release so I can start trading live
It's very clear that some discretion must be used in order to get maximum benefit - closing at the end of a session, partially closing in profit pairs with 2-3 entries, adjusting SL or taking profit right before big news (not closing the trades, but adjusting SL or updating the TP), stuff like this.The EA on all pairs, taking many many losses since yesterday, missing the CAD signals, taking 3 erroneous trades on audchf (see above) still managed to keep a steady equity curve and be little in negative. I am satisfied, and quite confident that after the new release (with earlier profit taking) the EA will start to give its real value.
Thanks again guys for all your inputs and feedback, and thanks to the programmers for the indicator and continuous EA support!
Guys, Attached is the new EA version 1.1, the new features are: TakeProfitAtOppositeSignal parameter : enable it to take profit at opposite signal. It can work : with the hard TP: in this case the first to be triggered will take profit without the hard TP (set it to 0) : in this case, take profit will occur at opposite signals only MaxOpenedTrades parameter : by default it is =1 and it means the EA will take one trade/signal at a time by default. You can increase it to allow more opened trade and such take more signals. It can be a reconfirmation...
I put sl 50 pips in settings.
Sometimes it is exhibited 50 sometimes 500.
hi guys can you help me to understand the rules and MM in this example according to rules 1 signal accure price was 30 pips away from channel pretty far and fixed stop got hit, also delayed enter would SL 2nd signal if you consider fixed TP 40 didn't quit reach it 3rd signal also about 30 pips far from channel {image}
CADCHF, AUDCAD and AUDCHF are responsible for about 400pips losses in the last 2 days. I never even tested the system on these pairs, so it's all new for me, too
but 3 of these losses (about 120pips) were simply repeated signals, taken by the EA at about the same levels - this will never happen in live trading for me (I already posted this problem to Damien, I'm sure there's a fix)Sometimes it's even worse... I've seen it, it happens, so I just take it as being part of the game. Even my favorite, USDJPY, had a moment early this year when it made some 3-4 losses in a row. IT HAPPENS... This is exactly why I want to trade more pairs and use some common sense discretion from time to time, so as to be able to compensate for these inevitable losses with some nice big profits, and still be left with many pips to spare
Great thanks for the extensive tests, it helps a lot because unfortunately I don't have a lot of time these days so it's difficult to do the coding + the tests.
Ok for the 3 new features, I can add that to your shopping cart
It sounds good, I will do that asap next week. Honestly I think I won't use the trailing stop too because I tested this on a lot of EAs and it didn't improve the overall results so I don't have a lot of faith in this. But I will add it because it's requested by a lot of people there.
For your trades not opened in NZDUSD and NZDJPY, I guess the spread was too high during the night yep. If you still have the logs, could you check in your terminal log tab? When a trade is opened, I log a line with the spread.
Ok for the 3 new features, I can add that to your shopping cart
It sounds good, I will do that asap next week. Honestly I think I won't use the trailing stop too because I tested this on a lot of EAs and it didn't improve the overall results so I don't have a lot of faith in this. But I will add it because it's requested by a lot of people there.
For your trades not opened in NZDUSD and NZDJPY, I guess the spread was too high during the night yep. If you still have the logs, could you check in your terminal log tab? When a trade is opened, I log a line with the spread.
- #168
- Edited 11:41am Oct 20, 2017 10:42am | Edited 11:41am
- Joined Jun 2013 | Status: Trader | 1,006 Posts
Great thanks for the extensive tests, it helps a lot because unfortunately I don't have a lot of time these days so it's difficult to do the coding + the tests. Ok for the 3 new features, I can add that to your shopping cart
Thanks for your effort
Regards
closed manually all trades now to avoid sunday night reverse...
Demo ...
- #169
- Oct 20, 2017 11:26am Oct 20, 2017 11:26am
Great thanks for the extensive tests, it helps a lot because unfortunately I don't have a lot of time these days so it's difficult to do the coding + the tests.
- #170
- Oct 20, 2017 11:37am Oct 20, 2017 11:37am
- Joined Sep 2010 | Status: Trader | 2,034 Posts | Online Now
- #171
- Oct 20, 2017 12:39pm Oct 20, 2017 12:39pm
{quote} Sorry Mickey if you feel i was trying to hijack the thread but that is not the case.I was trying to help implement your wonderful strategy. it follows the same principle as you suggested. the only difference was my attempt to deal with the issue of fixed take profit and stops so as to maximize profit. if you take a look you will observe that instead lets say 0.1 mini lot, you can set it to buy 10 micro lots (0.1)and as trend move in your favour, trades are closed partially so that we can extract all possible profits. trades...
I personally don't use bollinger bands or other indicators, i prefer to keep it simple and next week when I start live trading the EA I will close based on price patterns, timing and/or key S/R levels, the way I've always done. The old classics still work
But I will definitely do this fine tuning, and let the EA do just the "dirty work".Thanks for trying out options and sharing them, we're all here to learn, grow and.... make pips! cheers!
- #172
- Edited 2:25pm Oct 20, 2017 1:56pm | Edited 2:25pm
A couple of days ago, I have ordered a new indicator for a simple MA channel trading approach, among other four indicators for four different strategies to trade. The MA channel just crossed my mind while I was discussing my own Zig Zag indicator, which does not repaint really. I saw the MA channel, while playing with my ZZ lines and my jaw dropped. Immediately order it. Right there on the spot. The next day I saw this tread...Hopefully for me, the MA channel idea posted here has nothing to do with my idea of trading almost any MA...
What is the obvious way to trade it? Maybe you mean to enter when the channel it's broken? But this generate a lot of false signals... (maybe i'm totally off-road)
Why are you saying to trade without stop loss? For me trading without SL it's a crazy idea.
I don't think the idea behind it is a garbage, because Mickey have traded it 4 years, not 4 months. Who would trade garbage 4 years loosing money...?
Hi Mickey and traders here,
I've been testing the EA since two days. I did it with a little discretion closing some trades. I've just closed everything. Results are great, even today friday that usually don't work very well.
Here the numbers:
Keep on with the thread. I'm sure we can refine the EA to make it better. I neither think I will use any trailing option. The frecuency filter idea is good.
Next week more test!
thanks you
TONI
I've been testing the EA since two days. I did it with a little discretion closing some trades. I've just closed everything. Results are great, even today friday that usually don't work very well.
Here the numbers:
Keep on with the thread. I'm sure we can refine the EA to make it better. I neither think I will use any trailing option. The frecuency filter idea is good.
Next week more test!
thanks you
TONI
- #176
- Oct 20, 2017 3:25pm Oct 20, 2017 3:25pm
- Joined Sep 2010 | Status: Trader | 2,034 Posts | Online Now
[quote=Joseph95;10412857]{quote} Hi Diamond, why CAD pairs are a different story? And why they got affinity toward powerful? (And with what?) Sorry but i'm a noob in trading.[/quote/
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Sorry Joseph. Just my opinion. Cad can be ok, provided you're not in front of Cad Red Tag news. It tends to have some mean swings. I like walks on the beach, piano music, sipping wine by the open fire,... oops! Wrong thread.
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Sorry Joseph. Just my opinion. Cad can be ok, provided you're not in front of Cad Red Tag news. It tends to have some mean swings. I like walks on the beach, piano music, sipping wine by the open fire,... oops! Wrong thread.
