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Playing with the currencies: Gabin System

  • #41
  • Feb 19, 2018 2:06pm Feb 19, 2018 2:06pm
Quoting LuXing
{quote} @Madscalp Nice to see that somebody is playing with currency strength numbers and devising formulas to pinpoint triggers. My "first love" in forex was basket trading. Since a couple of years, my trading is almost exclusively based on currency strength / weakness. Here's my take on what you propose ... LuXing
Excellent post!
  • #42
  • Feb 19, 2018 5:28pm Feb 19, 2018 5:28pm
Good night buys, the first version is ready.
Keep in mind that it works only on demo account and it will open baskets following the
rule of madscalp. when it reaches first loss or first gain it will not open more baskets.
if you want to trade more you have to remove and restart. ok?
enjoy it and let me know about the results.
as it is a automatic trading no time filter only takes signal. no more than 1 basket for every signal detected. bye.
Attached File(s)
File Type: ex4 pwtcea.ex4   95 KB | 290 downloads
  • #43
  • Feb 19, 2018 5:35pm Feb 19, 2018 5:35pm
Quoting madscalp
@ 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...
"I know the best system in Forex is to go with the trend...with the currencies too."
“Best” is subjective, to say the least.
Fan boys of trading with the trend are firm believers of Newton’s laws of motion but not everybody’s a fan of Isaac Newton.

"But the problem is that I don't know when the trend starts. Nobody knows it."
I agree with you: nobody knows when the trend starts.
I will even take this one step further: nobody knows what a trend is !!!
Is a trend a H1 candle starting at minute zero ? Or maybe a never ending floating 60 x M1 tendency ? Is it the direction of EURUSD since the inception of the Euro ?

"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."There is a great collection of dashboards on FF, made by really gifted coders.
To my knowledge, none are (consistently) profitable in full automatic mode.
If there was one, Forexfactory would be out of business because we would all be filling our pockets, driving Ferraris and having cocktails with the most gorgeous women.
As you said, it works until it doesn’t. But then, I think there is no such thing as “one size fits all” (read: 1 .set file for a dashboard EA is suitable for all market circumstances). That is usually the point where traders start curve fitting and devising conservative, moderate and aggressive set files for a robot.

"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 ?"
Yes, of course I know the signals of the beginning of a trend.
I am not being a smartass here, but the answer is very simple: look in the mirror…
You, and only you decide whether or not the trigger should be pulled for a trade on your account. Pulling the trigger means that a pre-defined set of criteria signals a “GO”. Who is it who defines these criteria and who defines when these criteria are met ?


"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 )"
I agree 99%. The 1% is regarding news. It can be your friend in a trade, but also cause nasty slippage or high DD if things do not work out the way you thought.

“Even a simple pullback can be profitable with a lock tool....it's even better if the trend change totally.”
Yes, you can trail. Have to give it room to breathe though. % of ATR could be a decent measure.
Again, trend change ? What is a trend ;-)

“Every method has its own risk...yours too.”
Of course, we would not be trading if we were not embracing the fact that each trade has an uncertain outcome and risk.
That goes – without exception – for all trading strategies. My strategy is certainly not an exception.

“I understood that you don't like the system. ...you have warned the readers...
thank you.”

You’re welcome but you misunderstood. It’s quite the contrary.
I like systems that have an edge and I believe that this system has an edge.
We just differ on how to exploit that edge.
I discreetly gave a hint on the exploitation of one of the aspects of the edge in post #12.

Most will agree that if an edge is not exploited properly and/or if the downside (DD) isn’t strictly controlled the edge and therewith the likelihood of profitability is gone.

Maybe. Maybe not.

Who is to say, after all it’s mostly the blind leading the blind in FF.

LuXing
Wisdom begins in wonder
  • #44
  • Feb 19, 2018 11:20pm Feb 19, 2018 11:20pm
Quoting Ezios
Good night buys, the first version is ready. Keep in mind that it works only on demo account and it will open baskets following the rule of madscalp. when it reaches first loss or first gain it will not open more baskets. if you want to trade more you have to remove and restart. ok? enjoy it and let me know about the results. as it is a automatic trading no time filter only takes signal. no more than 1 basket for every signal detected. bye. {file}

hi Ezios ! Good job, I checked the shopping cart opens correctly! I propose to add the selection function of a basket of currencies(AUD/NZD/EUR/JPY/AUD/USD/GBP/CHF) at which it will trade, I open the recycle bin by drawdown in percentage, I think it would be better.
"Money makes Money"
  • #45
  • Feb 20, 2018 12:03am Feb 20, 2018 12:03am
Quoting Ezios
Good night buys, the first version is ready. Keep in mind that it works only on demo account and it will open baskets following the rule of madscalp. when it reaches first loss or first gain it will not open more baskets. if you want to trade more you have to remove and restart. ok? enjoy it and let me know about the results. as it is a automatic trading no time filter only takes signal. no more than 1 basket for every signal detected. bye. {file}
On my side the EA is not uploading; maybe I am missing something. I will check again.
HOWEVER I opened the trades manually. I had a USD basket during Asia session and closed with 100 plus pips profit. I later got AUD basket and it is currently running. Will update result by close of business after trading London and US sessions
  • #46
  • Feb 20, 2018 12:04am Feb 20, 2018 12:04am
Quoting syndicat
{quote} hi Ezios ! Good job, I checked the shopping cart opens correctly! I propose to add the selection function of a basket of currencies(AUD/NZD/EUR/JPY/AUD/USD/GBP/CHF) at which it will trade, I open the recycle bin by drawdown in percentage, I think it would be better.
i dont want to put any button on this robot apart that there are. this is a full automatic sistem.
if ou have a signal to add and a trigger rule i can add the trigger rule and the signal but no buttons.
if ou want to trade with buttons in ff there are toons of dashboards. try this robot for the original setting
or change the risk/reward as you want. that's all.
  • #47
  • Edited 2:26am Feb 20, 2018 12:22am | Edited 2:26am
Quoting Ezios
{quote} i dont want to put any button on this robot apart that there are. this is a full automatic sistem. if ou have a signal to add and a trigger rule i can add the trigger rule and the signal but no buttons. if ou want to trade with buttons in ff there are toons of dashboards. try this robot for the original setting or change the risk/reward as you want. that's all.
Don't need buttons. You need to install one copy of the EA for example for the AUD basket, another copy for the NZD basket, and then
The EA closes a basket of different currencies all together. you need to close the basket for each currency separately.


error:
2018.02.20 15:36:30.847 '29660177': order sell 0.01 EURGBP opening at market sl: 0.00000 tp: 0.00000 failed [Off quotes]

me_TradingDashboard v3.mq4 - Ezios this panel is not working correctly. I already wrote about it
"Money makes Money"
  • #48
  • Edited 2:24am Feb 20, 2018 2:07am | Edited 2:24am
Quoting Ezios
Good night buys, the first version is ready. Keep in mind that it works only on demo account and it will open baskets following the rule of madscalp. when it reaches first loss or first gain it will not open more baskets. if you want to trade more you have to remove and restart. ok? enjoy it and let me know about the results. as it is a automatic trading no time filter only takes signal. no more than 1 basket for every signal detected. bye. {file}
Is it possible to set a TP/SL on each open basket (for now, the TP apply on all open orders, so it can be 1/2/3/... baskets).
(+ add a reverse option to trade trend instead of mean reverting)
Thanks
  • #49
  • Feb 20, 2018 2:24am Feb 20, 2018 2:24am
this indicator works very well...I have filter a way to use it to minimize continuous drawdown...Thanks to the originator of this indicator...I will keep posting on anything new i found on this...it will be good if you can code the one we can select time frame like 30 min to 1day
  • #50
  • Edited 3:31am Feb 20, 2018 3:12am | Edited 3:31am
Thank you Ezios for your work.
Currently the EA seems to open the baskets correctly...to see over time if there is not issue.
Later -it's true - you can do a close basket by basket and a close all emergency....it would take a dashboard ...hmmmm.
Take your time...you're the only coder here.
@ syndicat I don't understand all about your trades
you don't close always your baskets ? overnight trading ?
https://www.myfxbook.com/members/Str...ndmade/2421353
@ LuXing who said "Who is to say, after all it’s mostly the blind leading the blind in FF."
I like this philosophic thought...happily there are a few one-eyed men in FF
  • #51
  • Feb 20, 2018 3:30am Feb 20, 2018 3:30am
Quoting madscalp
Thank you Ezios for your work. Currently the EA seems to open the baskets correctly...to see over time if there is not issue. Later -it's true - you can do a close basket by basket and a close all emergency....it would take a dashboard ...hmmmm. Take your time...you're the only coder here. @ syndicat I don't understand all about your trades you don't close always your baskets ? overnight trading ? https://www.myfxbook.com/members/Str...ndmade/2421353

I begin to trade during the Asian session my time zone is GMT + 8
"Money makes Money"
  • #52
  • Feb 20, 2018 3:35am Feb 20, 2018 3:35am
Quoting syndicat
{quote} I begin to trade during the Asian session my time zone is GMT + 8
Ah OK you are russian.
Greetings from France.
  • #53
  • Feb 20, 2018 3:51am Feb 20, 2018 3:51am
Quoting madscalp
{quote} Ah OK you are russian. Greetings from France.
I'm from Russia. Greetings from Siberia. This is lake Baikal.
Attached Image (click to enlarge)
Click to Enlarge Name: БÐЙКÐЛ.jpg Size: 53 KB
"Money makes Money"
  • #54
  • Feb 20, 2018 4:23am Feb 20, 2018 4:23am
Quoting Ezios
Good night buys, the first version is ready. Keep in mind that it works only on demo account and it will open baskets following the rule of madscalp. when it reaches first loss or first gain it will not open more baskets. if you want to trade more you have to remove and restart. ok? enjoy it and let me know about the results. as it is a automatic trading no time filter only takes signal. no more than 1 basket for every signal detected. bye. {file}
Hi Ezios,
I tried your EA today. It went very well. You write that when it reaches first loss or first gain it will not open more baskets. It will. It reaches gain
and EA opened another basket without restarting EA. Let's see how it will go!
Here are the results.
Attached Image (click to enlarge)
Click to Enlarge Name: abc.jpeg Size: 181 KB
  • #55
  • Feb 20, 2018 4:56am Feb 20, 2018 4:56am
in theory it may not occur but perhaps if our platform
disconnected after the make profit the ea restarts and make the task.
but if the Platform dont disconnect the ea stops.
so i am glad that is going well.
Quoting Namor
{quote} Hi Ezios, I tried your EA today. It went very well. You write that when it reaches first loss or first gain it will not open more baskets. It will. It reaches gain and EA opened another basket without restarting EA. Let's see how it will go! Here are the results. {image}
  • #56
  • Feb 20, 2018 5:06am Feb 20, 2018 5:06am
i repeat. i dont want to make dashboard.
the thing i can do to trade basket for basket is to insert in the next version
an input string TradebBasket="aud,usd,jpg,...." where you can select wih basket to trade
but keep in mind that you have to attach the same ea to each graph if you want to trade a basket at a time
and in each chart you have to use different magic number.
this is the more easy way for me to do it. i have no more free time.
Quoting syndicat
{quote} Don't need buttons. You need to install one copy of the EA for example for the AUD basket, another copy for the NZD basket, and then The EA closes a basket of different currencies all together. you need to close the basket for each currency separately. error: 2018.02.20 15:36:30.847 '29660177': order sell 0.01 EURGBP opening at market sl: 0.00000 tp: 0.00000 failed [Off quotes] me_TradingDashboard v3.mq4 - Ezios this panel is not working correctly....
  • #57
  • Feb 20, 2018 5:06am Feb 20, 2018 5:06am
Quoting Namor
{quote} Hi Ezios, I tried your EA today. It went very well. You write that when it reaches first loss or first gain it will not open more baskets. It will. It reaches gain and EA opened another basket without restarting EA. Let's see how it will go! Here are the results. {image}
Thank you so much for posting your results; it confirmed that I was going the wrong direction with my trades which I was trading manually.. So my results should improve from now onwards
  • #58
  • Feb 20, 2018 5:30am Feb 20, 2018 5:30am
Quoting Ezios
i repeat. i dont want to make dashboard. the thing i can do to trade basket for basket is to insert in the next version an input string TradebBasket="aud,usd,jpg,...." where you can select wih basket to trade but keep in mind that you have to attach the same ea to each graph if you want to trade a basket at a time and in each chart you have to use different magic number. this is the more easy way for me to do it. i have no more free time. {quote}
the next version
an input string Tradebasket= " aud,usd, jpg,...."- This is what I and asked!!!

I see you took the code from this: me_Trading Dashboard v3.mq4 I already many times spoke that in this panel works with mistakes mistakes!!! Did you take lines of code from him???

This error was in the pwtcea Advisor today
error:2018.02.20 15:36:30.847 '29660177': order sell 0.01 EURGBP opening at market sl: 0.00000 tp: 0.00000 failed [Off quotes]

Similar error I had with me_Trading Dashboard v3.mq4 here is an example of early:

2018.02.13 18:36:30.718 '60051764': order sell 0.10 EURCAD opening at market sl: 0.00000 tp: 0.00000 failed [Off quotes]
2018.02.13 18:25:51.752 '60051764': order buy 0.10 EURGBP opening at market sl: 0.00000 tp: 0.00000 failed [Off quotes]
2018.02.13 16:32:48.243 '60051764': order sell 0.10 EURUSD opening at market sl: 0.00000 tp: 0.00000 failed [Off quotes]
"Money makes Money"
  • #59
  • Feb 20, 2018 5:37am Feb 20, 2018 5:37am
this error i think depends from the broker.
in my broker there is no so error because the broker dont accept the sl and tp = 0.
anyway i will look to my log if there is the error. i ask to you all if you find this error...
surely is from your broker.
Quoting syndicat
{quote} the next version an input string Tradebasket= " aud,usd, jpg,...."- This is what I and asked!!! I see you took the code from this: me_Trading Dashboard v3.mq4 I already many times spoke that in this panel works with mistakes mistakes!!! Did you take lines of code from him??? This error was in the pwtcea Advisor today error:2018.02.20 15:36:30.847 '29660177': order sell 0.01 EURGBP opening at market sl: 0.00000 tp: 0.00000 failed [Off quotes]
  • #60
  • Feb 20, 2018 5:41am Feb 20, 2018 5:41am
Quoting Ezios
this error i think depends from the broker. in my broker there is no so error because the broker dont accept the sl and tp = 0. anyway i will look to my log if there is the error. i ask to you all if you find this error... surely is from your broker. {quote}

Experts tab:

2018.02.20 19:40:23.374 pwtcea AUDUSD,H1: ButtonCreate: failed to create the button! Error code = 4200
"Money makes Money"
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