Lost Sock Evolution - Automated

Added all to the first post.

Thanks.

Great job, dude.

Nice to see ya back in testing Mode!

\m/

Actually looking really good, dude!

Will definitely be keeping an eye on your pair selection!

Telac ...

Looks like the M15 is looking pretty decent too and just gauging by the number of trades taken, doesn't appear as though it's rapid-fire trading anymore.

Awesome!

Thanks For Add first post my Testing

Loaded the EA onto my VPS, and added some more pairs today, bringing the total to 6.

This first week has been pretty good and I'm impressed. DD has been relatively low considering the amount of pairs and running trades.

which pairs are you running this EA on?
Thanks

All testing members are encouraged to share their findings by loading a FF Trade Explorer or loading their accounts onto myfxbook.com and sharing a link.

When they do this...
1. All links are posted on the first thread post.
2. Click onto the name of the account - Thread related is attached.
3. Click on the Trade Report.
4. All tested pairs and other relevant statistics can be found here.

The value of what I create can only be reliably verified by those testing defaults and examined by others testing different pairs, timeframes and ranges.

The more we work together, the happier we'll be...

Week 1 over for Revolution and overall, I'm good with the results.

Given the USD Headfakes this week, 3 pairs could have been very heavily impacted like were on Evolution.

GBPUSD, EURUSD, AUDUSD...which seemed to even have an impact on GBPAUD and EURAUD.

In spite of this...greatest draw, I seen on Revolution was around the $200 mark - Leveraged 500:1 - Margin at less than $100.
Gains on the week - $115, currently holding $88 in DD - we're GREEN!

With a goal of reducing the required size of the primary account to run this to the area of $1000, I'd say that we're definitely getting closer.

There is a little logic that I think could be cleaned/tightened up, but the overall CORE trading Logic - Closely mimicking Evolution - Seems pretty solid.

Can't really count on a single week and with a couple more tweaks...will carry on for the next while before I look for a public release.

Happy Weekend All!

Shit a brick!!!!!

.......well, the EA kicks some serious butt.

I haven't been running it properly as I have changed settings, time frames and not running it 24/7 throughout testing.

I will let it run on a VPS next week.

I have no idea how this EA works, so the changes that I have made to the EA are purely guess work......me at my finest!

Anyway, to the more important issue here....... Magix, you made a post some days ago about a performing enhancing product for men. My question is........will it work for the wife??

I like what you are doing here, many thanks.

Ezzy

Check the link...the version for her -> HERE

Going to open up Revolution next week for a little better test.

Moved up to 19 pairs...

Added:
USDJPY
CADJPY
EURGBP
NZDJPY
USDCAD
AUDCAD
AUDNZD
CADJPY
EURCAD
GBPCAD
NZDCAD
NZDJPY

Will see how we can Stress and Progress!

Thread Rules:
1. DO NOT POST YOUR FUCKING BACKTESTS!! =

will do this on small ECn live usd acct. = just metals !

Great Idea...

I typically don't fuck around with the metals and haven't seen any testers with...might well giver a whirl!

\m/

Welp...Tore this motherfucker apart and went through the line by line...Revolution!

Been playing with a couple more ideas and have finally got them inked into the Revolution Version...

Worked to make a more selective and consistent profit directional Trigger on Grid EA and I think this will be it.

Due to the Daily Directional - I think it may require several pairs to see some growth and action, but should be suitable for the 17 pairs on the Revolution Tester - So, I've swapped it out!

Will most likely take some time to start churning some serious value - but Consistency and Safety is the Name of this Game!

Locked n Loaded!

Why trigger on grid?
What does this actually mean??

Very good questions!

if you fairly new to Grid Style Trading or new to any of my logic, this may not make a lot of sense...

When you build a Grid - from primary to subsequent trades, there is a Standard distance between each trade...thus the term GRID..
That's easy.

What this basically is, is a minimum distance between trades. Coding this in, comes out to be fairly accurate as price execution on Forex is pretty fast, so pretty simple idea.

But the problems come in under a term that a lot of Grid Traders are familiar with, called "The Death Candle".

What's a death candle?

It's when price, in a certain defined timeframe or idea, moves grossly against your current trade and under a Standard Grid Trader, enters in multiple trades which are now against the trend and counting down to if not the absolute DEATH of your equity.

It's like this...and we don't see it often, but often enough...you are in a series of Shit Trades - ie - trades against the trend. The market continues to move against you and you keep cost averaging in...

You are now in a "Oh Fuck" situation in that between your margin and current DD, you can no longer sustain all trades.
Add in a Large Leverage and your money starts to disappear FAST!

Massive closing of trades because you don't have the capital requirements to keep everything open or with leverage, and speed of direction, everything comes to a CRASHING FUCKING ACCOUNT!

When I first began trading, there was an estimated 2000 new traders PER DAY!

I speculated that, given the ideas and information available, there was probably an equal amount of accounts blown per day.

Don't believe me?

Go through FF or any Forex trade forum and you can see all of the Egomaniacs and Newbies with massive posts, simply fall off of the pages.

Why?

Well...they work similar to Grid Style Trading without acceptable margin to cover the accounts.

I've been there...

Fuck...I've been there more times automated than I'd care to talk about.

Nobody wants to take a loss...but when your margin is called, you are fucked!

You cannot unring these bells.

SO...rather than cost averaging based on a BLIND GRID, I've worked on logic that will be a lot more patient.

Doesn't always work out...but does save a lot of accounts from the "Death Spike".

What it does, is wait patiently for price to SLOW DOWN and market to show some weakness when price is moving against the current or any/all existing trades.

This is a precarious balance, but in the end, has shown enough market restraint to keep a steady flow of funds and reduce market risk. Well...Mostly...there's always risk, but more general than specific to Black Swan events.

Martingale Trading...

The actual idea vs what others do, this is quite often 2 very different ideas.

Martingale trading, simply put and as applied to basic gambling:
You are playing blackjack...
You play your first hand with a willingness to lose $1 on your first deal.
You lose...
DOUBLE DOWN...
Now you are prepared to gamble $2 on your next bet.
You lose...
DOUBLE DOWN...
Now you are prepared to lose $4.
Then $8, $16, $32, $64...

Martingale, as applied to a Grid Trader, means that you are consistently adding, but the Draw on your account increases with every position that is cost averaged.

Meaning...you start off with $.10...your grid is 10 pips..by then you are $1 in the shitter.
Anybody can take a loss at this...
But then!!
You add in a doubled position $.20 and price Moves Against you still...
By the time a 3rd level is hit...you are 20 pips in the shit with your first trade ($2) and another $2 in this shit on your subsequent trade, waiting for a Retrace for profit and close...but since the next 10 pip grid is hit...you are now holding .1 (first trade), .2 (second trade), .4 (third trade) and when we are in trend and market continues to move against you...this can litterally happen in a matter of Seconds if not minutes!

When market is in trend...this is an issue...
But what happens if you are in trend and the News is against you?

Check out this post HERE.

Can you imagine if there was:
1. A standard grid in place.
2. A martingale factor applied as per standard martingale grid logic?

Yup...

You'd be fucked!

Ya don't have to believe what I'm saying...

Check out the size of accounts that are required to test most of the grid trade EAs that are currently "Hot Topics".

Watch how fast these guys have to fire up an additional account.

And then look at how many threads around FF are like this:
Lost $4.2k in 1 week
Suicide and forex

Or just general posters that are deep in the shit and have No Idea what they can do...maybe it's already you...

Succeeding in market, isn't about market perfection, it is about Living to Fight another Day!

So...why not just have a Stop Loss?

Another Great Question...

Once you have a trade idea...you start to work with it.
Somedays it works...other days...not so well...

But...you are still ahead of the game and inside of your head, you continue to think, I need to make more profit and lose less trades...
So...

You reduce your Stop Loss and keep your profit the same...and then...you are now losing more trades than winning.

FUCK!

So, to help make the difference, you increase the size of your profit idea and keep the same stop loss...
An now, you are winning a lot less trades, but making being stopped out a lot more...
Your account is still shrinking...

FUCK!

So, you decide that if you cost average on your great idea you can now be more profitable by losing less trades...

Nope...

FUCK FUCK FUCK!!

Trading around the clock...with the trend...perfecting your logic may work for a certain percentage of time...

Why?
If you follow the trend and the market goes sideways...you're fucked!
If you play chop and the market goes into trend...you're fucked!

But the overall will look like the following.

Reason being...even when you follow the rules, it doesn't always guarantee success!

Now...

I know what you are thinking...

What am I selling?

Answer...nothing.

Well...encouraging safety, but this comes at a price of FREE.

There are 2 EAs on the first post. One that was created under a standard grid concept - that failed...the other, Trigger on Grid, playing market direction.

I encourage you to not only play with what I've edited and posted, but to also run the original to see how fast the proverbial shit can hit the fan.

After that...

Because you have the source code and an idea of what and how to code from earlier posts...give this shit a try!

No...it's not easy.
But neither is consistent profitability in market!

Take the time to know your craft and once you've taken the time to automate your ideas, it will lend itself GRANDLY to any idea that you decide to trade manually or automated.

[/end rant]

Have you blown an account or lost considerable equity, playing the trend?

Believe me when I say this...you are not alone!

Have you played trend until you've hit your loss threshold and then, started playing the inverse to only lose again?

Believe me when I say this...you are not alone!

Brokers don't make money when you win...

Check out the number of these motherfuckers on FF alone!

If brokers made money when you did...they'd consist of one guy, at his computer, with select software, taking and make the shekels when you did.
There'd be no Leverage...
There'd be no support...

Just one guy/broker getting fat, counting the money he is making with your trades!

Banks would collapse...
Economies would change...
and then!
The eventual Standstill!

If stocks, bonds, currencies were valued at their actual value and everybody had the same idea of when to buy and sell...

The markets would cease to exist!