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Playing with the currencies: Gabin System

  • #21
  • Feb 18, 2018 8:29am Feb 18, 2018 8:29am
Quoting madscalp
{quote} Hi man...calm I sell nothing. These tools are available in FF. Really a big thank at the creators mainly gvc.
do not mind me please.
since some time everyone is a suspect for me
out of this yes your new aproach is ... good
Take what you can, give nothing back
  • #22
  • Feb 18, 2018 8:44am Feb 18, 2018 8:44am
Quoting Husky77
{quote} do not mind me please. since some time everyone is a suspect for me out of this yes your new aproach is ... good
the only file ex4 provided here is the Ezios' s work but luXing showed that a single CM_Strength may be enough.
  • #23
  • Feb 18, 2018 11:03am Feb 18, 2018 11:03am
Quoting madscalp
{quote} the only file ex4 provided here is the Ezios' s work but luXing showed that a single CM_Strength may be enough.
exactly. I want to follow the rules of madscalp and to build an auto trading ea for this rules and we will see how this will go.
if someone wants to trade this system manually there are already the tools to do it.
  • #24
  • Feb 18, 2018 11:48am Feb 18, 2018 11:48am
Quoting Ezios
{quote} exactly. I want to follow the rules of madscalp and to build an auto trading ea for this rules and we will see how this will go. if someone wants to trade this system manually there are already the tools to do it.
Thanks Ezios. Don't forget 3 levels and a SL.
  • #25
  • Feb 18, 2018 1:53pm Feb 18, 2018 1:53pm
Quoting madscalp
If members are interested by this method, let's see their results in next days. If they are bad, let's forget.
Not the best of ways to determine if a strategy has potential (unless traded 100% mechanically using the same EA, .set file, and broker).
Give a strategy to 10 different traders, they will all have completely different results. You want to be basing your decision on that ?

Quoting madscalp
{quote} Hi LuXing Please could you give any examples of your strategy and your W/R ? Many thanks.
My strategy ?
As outlined in post #8, it is based on currency strength / weakness, going with the trend (away from the daily open) strongly biased toward shortselling.
It is documented in > 1000 posts, many of which include rationale and screenshots, in this thread.

W/R ?
If you refer to win rate, this is a totally irrelevant performance metric.
What if I were to tell you that my system/robot has a 92% winrate ?
But based on a sample size of 100 trades I have 92 winners x 5 pips = 460 pips. The 8 losers x 100 pips SL = -800 pips...
Is this system profitable ? Could be, but that would depend on the position size of each trade...
Even the number of pips is not a good performance metric. Last time I checked, my mortgage had to be paid in €€€, not in win rate % nor in pips.
Without going into too much details, profit factor, peak to though drawdown, % equity growth measured over an extended period are far more revealing for a trader/system performance. Read Van Tharpe's "definite guide to position sizing" book. Even though it's 10 years old, it's an excellent manual to measure a strategy's performance (or even 1 strategy traded using an infinite number of settings).

Quoting syndicat
{quote} Strategy currency strength profitable and promising direction in trading. I have an Advisor who trades on this strategy.Only manufacturing is not the basket of orders, and the individual currencies. Here's a look monitoring: https://www.myfxbook.com/members/Str.../fx-60/2402826
Decent results. But...
Not much point in posting a demo TE and hiding your entries.
If you are afraid of some Chinese guy reverse engineering your EA, better not posting the link to the TE in the first place.
Unless of course the TE is to attract investors, in which case it should be a real account and your post belongs in the Commercial Section.
Observations at a quick glance (before you were hiding your history): 6 trading days, 200 trades in total of which half involved scaling in.
Need bigger trade sample size (z-score it), I haven't seen control mechanism for the downside (equity stoploss of 40% ?).

Happy trading guys.

LuXing
Wisdom begins in wonder
  • #26
  • Feb 18, 2018 3:18pm Feb 18, 2018 3:18pm
@ Luxing
I know the best system in Forex is to go with the trend...with the currencies too.
But the problem is that I don't know when the trend starts. Nobody knows it. With the excellent dashboards available in FF, I have tried also methods to determine the entry.
Sometimes it's working sometimes it's too late...the move is over.
A trading style is based on the probability of win with decent signals.
I don't know the signals of the beginning of a trend...you maybe ?
So I'm thinking that when a currency is very strong ( or very weak ) versus the others, there is a probability of reversal under certain conditions ( no news , good money management, SL )
Even a simple pullback can be profitable with a lock tool....it's even better if the trend change totally.
Every method has its own risk...yours too.
I understood that you don't like the system. ...you have warned the readers...thank you.
  • #27
  • Feb 18, 2018 5:47pm Feb 18, 2018 5:47pm
Madscalp we want to make this system as simple as possible.
so i will put in the ea only the needed.lot size, magic number, stop loss in currency,
take profit in currency, and the signal delta delta1 and delta2 where the ea must to open
the 3 baskets. perhaps also a buttom close all is useful when one wants to stop all and close the ea.
and this ea will work only for demo accounts. work in progress....
  • #28
  • Edited 7:56pm Feb 18, 2018 7:44pm | Edited 7:56pm
Quoting LuXing
{quote} Not the best of ways to determine if a strategy has potential (unless traded 100% mechanically using the same EA, .set file, and broker). Give a strategy to 10 different traders, they will all have completely different results. You want to be basing your decision on that ? {quote} My strategy ? As outlined in post #8, it is based on currency strength / weakness, going with the trend (away from the daily open) strongly biased toward shortselling. It is documented in > 1000 posts, many of which include rationale and screenshots, in this...

Beautiful and much writing but the practical advice is not given and only expressed their criticism. To listen to your advice, I would like to make sure that your strategy is profitable. Show me monitoring?

In this topic no one nothing not sells. We are trying to improve this strategy.
"Money makes Money"
  • #29
  • Edited 12:50am Feb 19, 2018 12:02am | Edited 12:50am
Quoting syndicat
{quote} Beautiful and much writing but the practical advice is not given and only expressed their criticism. To listen to your advice, I would like to make sure that your strategy is profitable. Show me monitoring? In this topic no one nothing not sells. We are trying to improve this strategy.
You are right...the LuXing's warning is heard
but his strategy seems logic, not yet profitable.
Attached File(s)
File Type: ex4 NewsCal-v107.ex4   29 KB | 382 downloads
  • #30
  • Feb 19, 2018 12:58am Feb 19, 2018 12:58am
Quoting Ezios
Madscalp we want to make this system as simple as possible. so i will put in the ea only the needed.lot size, magic number, stop loss in currency, take profit in currency, and the signal delta delta1 and delta2 where the ea must to open the 3 baskets. perhaps also a buttom close all is useful when one wants to stop all and close the ea. and this ea will work only for demo accounts. work in progress....
Correct. Lot size is important because the basket have to be composed with small lots (0.01) to make the average.
  • #31
  • Feb 19, 2018 1:10am Feb 19, 2018 1:10am
Hi Madscalp . Today I started trading in the Asian session. Sold AUD, NZD, bought JPY, USD - closed at a profit
"Money makes Money"
  • #32
  • Feb 19, 2018 1:30am Feb 19, 2018 1:30am
Quoting syndicat
Hi Madscalp . Today I started trading in the Asian session. Sold AUD, NZD, bought JPY, USD - closed at a profit
Yes I have seen a signal buy JPY at 6:40 GMT outside my hours of trading.
What's your delta ?
  • #33
  • Feb 19, 2018 1:32am Feb 19, 2018 1:32am
Quoting madscalp
{quote} Yes I have seen a signal buy JPY at 6:40 GMT outside my hours of trading. What's your delta ?
4
"Money makes Money"
  • #34
  • Feb 19, 2018 1:34am Feb 19, 2018 1:34am
Quoting syndicat
{quote} 4
Maybe you can set a bit more....
  • #35
  • Feb 19, 2018 1:36am Feb 19, 2018 1:36am
Quoting madscalp
{quote} Maybe you can set a bit more....
I, too, think increase until 4.5
"Money makes Money"
  • #36
  • Feb 19, 2018 1:47am Feb 19, 2018 1:47am
For any reason, the Dasboard PowerMeter V3 is not working currently ....and you ?
  • #37
  • Feb 19, 2018 1:55am Feb 19, 2018 1:55am
Quoting madscalp
For any reason, the Dasboard PowerMeter V3 is not working currently ....and you ?
I have works
"Money makes Money"
  • #38
  • Edited 2:34am Feb 19, 2018 2:06am | Edited 2:34am
Quoting syndicat
{quote} I have works
I set again and it's OK now...CPU issue on my computer ?
Arrrgh I missed sell AUD a bit after London open
  • #39
  • Feb 19, 2018 4:57am Feb 19, 2018 4:57am
Discussion about the London session today :
I say again:
- my time of trading is 30 mn before London open until NY open
- my delta is 4.3 then 4.6 then 5
Today according with the rules...only 2 possible trades ( I missed both due at a computer issue ...no matter )
- Sell AUD basket a bit after London open
AUD first dropped to go up again
I strongly suggest to use a lock tool...I'm using the settings of the dashboard but you can use another EA ( see below)
so when your trade is in a positive territory, you have to use it to protect your trade
for AUD it was a simple pullback but with a lock tool you get a small profit or a breakeven
- Buy JPY basket a bit before 10:00 GMT
same thought
Quiet day...bad for trading..I'd just gained a few pips selling USDPY and AUDJPY at LO...on another computer...lol
The session is not over but I wait nothing. Have a good day. Beware of overtrading.
Attached Image
Attached File(s)
File Type: ex4 CM Position Manager.ex4   12 KB | 423 downloads
  • #40
  • Feb 19, 2018 11:56am Feb 19, 2018 11:56am
Finally I repaired my computer and I've shorted USD in NY session ( just for test ) ...2 baskets
daily goal reached....350 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 12.jpg Size: 267 KB
Click to Enlarge Name: 13.jpg Size: 58 KB
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