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Win in Trend and Win in Range

  • #41
  • Apr 15, 2018 10:43am Apr 15, 2018 10:43am
So much to do.. So little time.
Maybe I should quit my day job.

GBJPY proof of concept - low risk, relatively low return - Jan 1 2018 to Apr 08 2018

I may look for some trustworthy testers soon..
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  • #42
  • Apr 15, 2018 10:50am Apr 15, 2018 10:50am
And this is EURUSD, within the same timeframe.

Had to go with a lower TP level - maybe this is something I should play around more with, in order to run this on a "community-friendly" budget.
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  • #43
  • Apr 15, 2018 11:04am Apr 15, 2018 11:04am
And.. a longer proof of concept!

EURUSD
1 Jan 2017 - 8 Apr 2018

Pretty decent performance over a 1k base.. I think you could start with 500 even.

Would you use this?
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  • #44
  • Edited 7:04pm Apr 15, 2018 11:17am | Edited 7:04pm
Quoting carddard
And.. a longer proof of concept! EURUSD 1 Jan 2017 - 8 Apr 2018 Pretty decent performance over a 1k base.. I think you could start with 500 even. Would you use this? {image}
What exactly is this graph of? Is that equity curve based on investing 1000 in EU in Jan and u getting a return of 80% by April?

What is the draw down for this if this is the return

I would certainly invest in something like that if the drawdown is low and if this is something sustainable for years, not just lucky in the past 3 months
  • #45
  • Apr 15, 2018 8:08pm Apr 15, 2018 8:08pm
I hereby celebrate the 100% milestone achieved in about 6 weeks of DEMO trading. Note that draw down was still under 10%

This was done mainly on trading using support/resistance levels and tight SL.
  • #46
  • Apr 15, 2018 9:16pm Apr 15, 2018 9:16pm
Quoting JacolineFIS
I hereby celebrate the 100% milestone achieved in about 6 weeks of DEMO trading. Note that draw down was still under 10% This was done mainly on trading using support/resistance levels and tight SL.
Congrats Jacoline! I was wondering how you set your SL. Do you look for other S/R levels?
  • #47
  • Apr 15, 2018 10:07pm Apr 15, 2018 10:07pm
Dear Carddard and Yalgaar,
Many thanks for starting such a valuable thread and to all those contributing. Yalgaar, I couldn't help to hold back from commending you on what short comments you wrote regarding combining 2 systems. That is so overlooked as most developers just focus on 1 ea system/ strategy and then try to protect it against unfavourable conditions such as a bad trend if it is a ranging system.
The two systems should be like a good marriage hehehe, one covers the flaws of the other and their combined efforts manage to raise a child (account equity) in this case.
Regarding the ZigZags, in my opinion this is one of the best indicators. Not just by what it shows how each price leg is formed, but that it has many other applications as it is based on; Deviations, lookback and step I think. Currently, I seem to have an obsession with playing around with zigzag to see what I can accomplish with it.

Looking forward to also share some more later on

Kind Regards, Tzamo




Quoting yalgaar
Carddard You have started a wonderful thread here. I have always wondered about the the same for a very long time. I have developed tens of strategies myself if not hundreds around this subject. But we all know by now that Forex trading is just not so easy. I will write more when I get more time but just could not resist writing few lines and express my thoughts. Like I said I have always worked on this for a very long time and for now my thoughts are all centered around the following points: 1) There is no indicator or no way to tell when a trend...
"Work hard, put in the effort, and follow your dreams..." -Me
  • #48
  • Apr 16, 2018 2:10am Apr 16, 2018 2:10am
Quoting carddard
So much to do.. So little time. Maybe I should quit my day job. GBJPY proof of concept - low risk, relatively low return - Jan 1 2018 to Apr 08 2018 I may look for some trustworthy testers soon.. {image}
Hi carddard,

Your ideas are interesting. I can help to do testing as well. Do let us know how we can help.
  • #49
  • Apr 16, 2018 2:39am Apr 16, 2018 2:39am
Quoting carddard
I have been receiving some PMs on how I manage my entries and exits. I can't say that I have the best of either. Over the past 2.5 years I have literally created and thrashed hundreds of algorithms. I have made, and lost money. I have been inconsistent, I have made mistakes. But through these mistakes, I learned. The most immediate advice I could give to anyone who would listen is - if you could think of a worst case scenario for your strategy and you don't have a solution for that, either find one, or thrash that idea of yours. It isn't going to...
I like this
Trade to trade well
  • #50
  • Apr 16, 2018 4:06pm Apr 16, 2018 4:06pm
Hi guys
Topic seems interesting and of course will lead to an positive end/solution one day,so let me join too -
  • #51
  • Apr 16, 2018 6:20pm Apr 16, 2018 6:20pm
Quoting ChrisPFX
{quote} Congrats Jacoline! I was wondering how you set your SL. Do you look for other S/R levels?

I set mostly 2% or S/R levels whichever makes more sense (less risk)
  • #52
  • Apr 17, 2018 3:12am Apr 17, 2018 3:12am
Thank you for the interest guys, really appreciate it.

I will try to find time after hours to get something up and running as soon as possible.

It's been a slow 2 days, even for my risky strategies. Let's see if things shake up a little bit in the next few days!
  • #53
  • Apr 17, 2018 3:26am Apr 17, 2018 3:26am
Quoting carddard
"This strategy works best in range - avoid trends." "This method thrives in trends but fails in range." How many times have we heard this? I don't want a strategy that works in a range but fails miserably when a trend comes. In the same grain I don't want a strategy that works in a trend but ping pongs around in a range. Why can't we have the best of both worlds? Of course we want the best of both worlds! Surely someone has come up with a viable enough strategy to do this - either manually or through an automated EA. But of course, a strategy that...

The very first post is so appealing, cannot stop myself to subscribe. I am new trader (only 2.5 years bad experience in trades = loser so far ) Since beginning, I am grid/hedge/martingale lover. Despite losing a lot, I am still striving in same to find something good.

For the same thing, an EA which works in all market conditions (ranging + volatility) I hunt a lot over internet since past 2 months. I believe, this EA or strategy exists. To support this, you can search online, some EA's won Forex competitions and a single EA won first 10 positions of competition. I will share the youtube video if I found again. I searched a lot then I left assuming such thing won't be available over internet or forums. The one who created, must have kept this only with him. He dont need to sell a money maker machine.

So my mind closed the doors, what to do next. Then I aimed to learn the strategies which lead to same destination (EA working in all market conditions) and become a coder and code myself that strategy. Started learning MQL4 already. Its a long time investment, maybe it will take years to reach there. But one day, I will reach there.

Thumbs up for this forum and brain storming.
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  • #54
  • Apr 17, 2018 6:10am Apr 17, 2018 6:10am
Quoting KashifNawaz
{quote} The very first post is so appealing, cannot stop myself to subscribe. I am new trader (only 2.5 years bad experience in trades = loser so far ) Since beginning, I am grid/hedge/martingale lover. Despite losing a lot, I am still striving in same to find something good. For the same thing, an EA which works in all market conditions (ranging + volatility) I hunt a lot over internet since past 2 months. I believe, this EA or strategy exists. To support this, you can search online, some EA's won Forex competitions and a single EA won first...
With out hurting you i like post few words in response to your above post
being a coder it does not and never means you can search out and code some holy grail kind thingy,dont you see top few coders are earning from coding more than trading,so it summed up to form a well balanced strategy dont needs learning MT4/5 but it a separate expertise though it is good to learn some thing as extra credit
Loosing is a initial part of trading as necessary as a person start learn "a b c" for to be scholar and almost every trader passed through this process so not new,strange and worrying matter
EAs are an other topic,currently participant trying and looking for some acceptable level strategy and describing and contributing their knowledge,ideas and expertise at board here - later any thing (ea/manual) can be followed according to ones taste
As per my little knowledge mostly EAs,strategies,stuff (indicators) at Youtube,commercial sites/blogs/forums supported by fake demonstration and mostly repainting indicators applied at best selected chart timing (best continues trending locations)
Also keep in mind back test results always more different than live trading
Manual live trading results are almost different than EAs with same strategy (all applied indicators parameters)
I can write and explain more - but later some time
I think the experts crowed is going in the right direction,all my best wishes with all of you
Just a little offer as per my tiny contribution to retailer trading community because i learnt a lot and all from you persons at forums so a kind of kick back
When ever you guys needs some indicator and its formation/adaptation/fitting in required setup,simply ask here,i think i am able to adjust any indicator in any situation (conditionally some reliable indicator with appropriate features) - especially Mladen's?Mrtools coded/extended indicators - as i am habitual and familiar with their codes - almost i have every single code of them so i have no problem to find a best suitable and maximum possible fitting ones
I think post is getting long
  • #55
  • Apr 17, 2018 6:44am Apr 17, 2018 6:44am
Quoting mntiwana
{quote} With out hurting you i like post few words in response to your above post being a coder it does not and never means you can search out and code some holy grail kind thingy,dont you see top few coders are earning from coding more than trading,so it summed up to form a well balanced strategy dont needs learning MT4/5 but it a separate expertise though it is good to learn some thing as extra credit Loosing is a initial part of trading as necessary as a person start learn "a b c" for to be scholar and almost every trader passed through this...
I totally agree with you my friend. I am learning MQL4/5 just because i want to learn coding and it excites me. It doesn't guarantee that I will code a holy grail one day but it will help me for sure when i will find some kind of ideas or strategy or community having discussion about the same kind of thing. So it will be plus edge anyway.

yes, we all are in learning phase, some are learning faster, some are losing faster.

Glad to know that you are expert in coding and will definitely contact you for the optimization of indicators. Those days are gone when I believe on Arrow indicators "green to buy / red to sell" but still I am using one till date since one year just to get insight sometime for major reversals. I don't have code though (i bought this from Fivrr). Can you check (from operational view) does this worth anything? Thanks
Attached File(s)
File Type: ex4 TraderDream.ex4   18 KB | 702 downloads
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  • #56
  • Apr 17, 2018 7:39am Apr 17, 2018 7:39am
Quoting KashifNawaz
{quote} I totally agree with you my friend. I am learning MQL4/5 just because i want to learn coding and it excites me. It doesn't guarantee that I will code a holy grail one day but it will help me for sure when i will find some kind of ideas or strategy or community having discussion about the same kind of thing. So it will be plus edge anyway. yes, we all are in learning phase, some are learning faster, some are losing faster. Glad to know that you are expert in coding and will definitely contact you for the optimization...
Pretty man
No no,i am not aware of coding skills that is absolutely out of my status
Seems there is some confusing,might be any of my word/phrase
and whatever you bought is an renamed of some thing as per my guess -
For you all visitors/viewers here - any code with an unusual/not regular name 99% renamed ones
AS all well known,reliable and classic coders always use descriptive Tittle name for their codes,by name a user can easily understand what it is about
any way will be apply at chart and see/guess if i could be able to asses exact,when back home at my PC
  • #57
  • Apr 17, 2018 9:22am Apr 17, 2018 9:22am
Quoting KashifNawaz
{quote} I totally agree with you my friend. I am learning MQL4/5 just because i want to learn coding and it excites me. It doesn't guarantee that I will code a holy grail one day but it will help me for sure when i will find some kind of ideas or strategy or community having discussion about the same kind of thing. So it will be plus edge anyway. yes, we all are in learning phase, some are learning faster, some are losing faster. Glad to know that you are expert in coding and will definitely contact you for the optimization...
No doubts the ver you posted named as "TraderDream" is renamed of "Half Trend" indicator -
one more renamed instance of Half Trend is running around with name "Trend Laser"
i think these both cloned toys are from old Half Trend indicators which are repainting ones - as there are dozens instances/versions of Half Trend indicator lurking around
the version i am posting,is exactly the one,from traderdream was renamed
Note : better to use Mladen's nrp ver
i think now you can claim back your money,you have prove now
this is the real and genuine cause/reason why coders stop posting MQ4 format files
in second picture you can see the half trend hiding/overlap traderdream but you can view dots inside arrows

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Attached File(s)
File Type: mq4 HalfTrend-1.02.mq4   6 KB | 802 downloads
File Type: ex4 HalfTrend-1.02.ex4   20 KB | 565 downloads
  • #58
  • Apr 17, 2018 10:01am Apr 17, 2018 10:01am
Managed to squeeze in an hour or two after work to do more testing and analysis.

This is on gold, with a 1k starting base. Never mind the fact that it doubled within a month on a 10% DD (Yes, I'm greedy) - look at the perfect hedge at the highlighted point.

Mind you, this was me playing with martingale just as an experiment to test out one of my hedging ideas - and if this sustains, it could mean (at least in theory, bear with my hypothetical assumptions, I love those) that you could essentially combine a high risk, martingale strategy with a virtually "perfect" hedge.

For those who are into single-currency hedges, I did not use any multipliers for this because based on my experience (and common sense), really, adding to losing positions is usually a silly idea.

But hey man, if you're giving me a 100% return over a 20% DD, I'll take that anyday over a 5% return over a 2% DD.
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  • #59
  • Apr 17, 2018 10:44am Apr 17, 2018 10:44am
Quoting mntiwana
{quote} Pretty man No no,i am not aware of coding skills that is absolutely out of my status Seems there is some confusing,might be any of my word/phrase and whatever you bought is an renamed of some thing as per my guess - For you all visitors/viewers here - any code with an unusual/not regular name 99% renamed ones AS all well known,reliable and classic coders always use descriptive Tittle name for their codes,by name a user can easily understand what it is about any way will be apply at chart and see/guess if i could be able to asses...
Actually you wrote "When ever you guys needs some indicator and its formation/adaptation/fitting in required setup,simply ask here,i think i am able to adjust any indicator in any situation (conditionally some reliable indicator with appropriate features)"

So I thought, you are a programmer. :-)
Anyhow, I do agree, most of the commercial products are renamed versions of existing things.
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  • #60
  • Apr 17, 2018 10:48am Apr 17, 2018 10:48am
Quoting mntiwana
{quote} No doubts the ver you posted named as "TraderDream" is renamed of "Half Trend" indicator - one more renamed instance of Half Trend is running around with name "Trend Laser" i think these both cloned toys are from old Half Trend indicators which are repainting ones - as there are dozens instances/versions of Half Trend indicator lurking around the version i am posting,is exactly the one,from traderdream was renamed Note : better to use Mladen's nrp ver i think now you can claim back your money,you have prove now this is the real and...
Yes. These both look same but dear, I am using it since more than a year. It never repaint. once arrow appears, its done and success signal rate is 75%.

Anyhow, I dont want to claim back my money because I bought this only for 5 bucks

Do you have "Mladen's nrp ver"? If you dont mind, can you please share or send me? Thanks
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