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  • #801
  • Jun 18, 2018 1:26pm Jun 18, 2018 1:26pm
Hey magix hope you're good.

Just thought I'd give you an idea on cost averaging. The current system works well. There is another system you may know about as well.

Once upon a time I used an EA, that cost averaged like yours, except it didn't look to wipe out the entire furthest trade, but part of it, I.e. 0.01 of a trade, so it would cost average and close a part of the trade.

I felt the advantage this gave is in heavy trends, with small retraces it allowed to bite away small chunks, whereas the retrace might not have been enough if targeting the entire trade. Therefore the overall DD would be less if the trend continued.

Let me know what you think
  • #802
  • Jun 18, 2018 2:56pm Jun 18, 2018 2:56pm
Day one of PivotPro.
So far so good! Always nice to see a good start! I will continue testing for a while to come.
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  • #803
  • Jun 18, 2018 3:44pm Jun 18, 2018 3:44pm
Quoting bgntrs
Hey magix hope you're good. Just thought I'd give you an idea on cost averaging. The current system works well. There is another system you may know about as well. Once upon a time I used an EA, that cost averaged like yours, except it didn't look to wipe out the entire furthest trade, but part of it, I.e. 0.01 of a trade, so it would cost average and close a part of the trade. I felt the advantage this gave is in heavy trends, with small retraces it allowed to bite away small chunks, whereas the retrace might not have been enough if targeting the...

My first start in working with the idea of partial closes actually closed similar to what you are saying, but did so on a Stop Loss - Trailing Profit basis.

It was fucking fantastic because it literally had a 100% score for close in profit on trades.

The issue with this turned out to be that the accumulation of the worst trades eventually weighted the account so deep in working with multiple pairs that the number of trades and margin wasn't enough to sustain functionality and eventually shit the sheets completely.

Why I like the current version is that it will eventually razor down the losses from top and bottom in profit and continue to amass profit as it goes to eventually clean out all trades before coming into a new cycle.

Evolution was a great example of this, only issue is that in trying to showboat instead of maintain consistency, the account hit the skids on the GBP/EUR/AUD:USD exodus...

Revolution with the No-Nedge has been the new stick to beat and I think that this will not only be tested by the Stochastics Version, but will prove Stochs to be the better bot.

As a set and forget...anyways...

My new accounts, started this week, have seen the Magix Scalper absolutely KILL over the last 24 hours.
Currently sitting about $45 in the stink, it has closed $300+ profit. That's pretty fucking stellar for overnight!

Risk appetite and margin will be what defines the trader to matching with the EA we are running. Given the salad bar selection and time frames available...everybody should be able to sample something to meet their needs.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #804
  • Jun 18, 2018 3:51pm Jun 18, 2018 3:51pm
"Why I like the current version is that it will eventually razor down the losses from top and bottom in profit and continue to amass profit as it goes to eventually clean out all trades before coming into a new cycle"

You got that bang on!!!!, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #805
  • Jun 18, 2018 4:56pm Jun 18, 2018 4:56pm
Quoting Magix
{quote} My first start in working with the idea of partial closes actually closed similar to what you are saying, but did so on a Stop Loss - Trailing Profit basis. It was fucking fantastic because it literally had a 100% score for close in profit on trades. The issue with this turned out to be that the accumulation of the worst trades eventually weighted the account so deep in working with multiple pairs that the number of trades and margin wasn't enough to sustain functionality and eventually shit the sheets completely. Why I like the current...
Got ya brother makes total sense. You're right after that explanation, I see why the current version is better now.

The only other suggestion I have is adding a lot exponent factor. Fixed lot is very safe but in a strong trend recovery is slow. Summ lot is great if you've got good capital. Martingale...that thing gives me nightmares

I've used grid systems where I've kept a lot exponent of 1.1 with a starting lot of 0.01, and I've seen pairs go against me 250 pips yet the DD was only a few hundred dollars and recovered EVERY time.

Definitely worth considering boss.
  • #806
  • Jun 18, 2018 7:05pm Jun 18, 2018 7:05pm
Quoting Magix
Aight... Need your help!!! For those of you who don't know, my son is in the Canadian Armed Forces... In this...he's looking to advance and to do so, needs to have another language under his belt. No simple challenge as he is a millennial, meaning, he doesn't even have a full handle on our Native English Tongue...Anyways... I have committed to learning a second language with him. His 2 options are Russian and Farsi. As our heritage is Ukrainian, I tip the scales towards learning the mother tongue...but am okay with either. If you have or can recommend...
HI Magix this site looks good - www.russianlessons.net
  • #807
  • Jun 18, 2018 7:44pm Jun 18, 2018 7:44pm
Quoting montego
{quote} HI Magix this site looks good - www.russianlessons.net
Awesome dude.

Huge Thanks!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #808
  • Jun 19, 2018 12:46am Jun 19, 2018 12:46am
Quote
Evolution was a great example of this, only issue is that in trying to showboat instead of maintain consistency, the account hit the skids on the GBP/EUR/AUD:USD exodus...

I have some tricks build in for that.

First of all the number of trades for those pairs is to much that's why i use ADR / x to determine the distance of pips within the trigger area.
eurchf will have a smaller distance between trade than gbpaud.

Second because i am running 28 pairs i limit the exposure to a currency depending on account size.
So for smaller accounts set to 2 euraud,gbpaud could be opened but audjpy will be refused until one of the other aud trades closes.

Third at a certain DD point the overall cost averaging and total profit kicks in which means that any pair will be to "rescue" other pairs and at least try to break even.
This is just because lately we have seen drops and rises in currencies after which they stay on that price level for a very long time without returning enough to do cost averaging and closing trades.

Of course on very large accounts and using 0,01 lot you do not need this.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #809
  • Jun 19, 2018 4:07am Jun 19, 2018 4:07am
Quoting montego
{quote} HI Magix this site looks good - www.russianlessons.net
The wife used the Duolingo app, and have to say I've noticed a huge improvement in her language! Might be worth a look.
  • #810
  • Jun 19, 2018 4:25am Jun 19, 2018 4:25am
Quite a hefty drawdown as expected .-30% (I'm testing with smaller account sizes)
Played it risky with summ start, hence the DD.
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  • #811
  • Jun 19, 2018 8:42am Jun 19, 2018 8:42am
Quoting johnsmith2nd
Quite a hefty drawdown as expected .-30% (I'm testing with smaller account sizes) Played it risky with summ start, hence the DD. {image}
Don't worry... or do.
My hibrid 8 summ and hybrid 8 martingale staring both with $1000 and 8 pairs just blew.
Saw some of mrdfx accounts blow also.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #812
  • Jun 19, 2018 9:11am Jun 19, 2018 9:11am
Quoting FxMadness
{quote} Don't worry... or do. My hibrid 8 summ and hybrid 8 martingale staring both with $1000 and 8 pairs just blew. Saw some of mrdfx accounts blow also.
I guess to be safe you'll need 1000€ per pair on Stochs2 with SummStartLot 0.01...

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I never lose - either I win or I learn...
  • #813
  • Jun 19, 2018 9:12am Jun 19, 2018 9:12am
Yup its true, Summ Start mixed with strong trending pairs do not mix well, long term its a recipe for disaster.

Having tested a quite few versions now using Summ Start, and fixed lot, I can say that for long term survival using Summ Start will not work, sure you might have some good days and see some good profits, but eventually those compounding lots will catch up.

If you look at my Hybrid v1.2 TE that is going for over a month now, and even through all these strong trends and volatility its holding down well with less than 20% DD, while the Summ Start accounts have gone bye bye.

Now lets pray for EJ and GU to come back...
Truth is like poetry. And most people f*cking hate poetry.
  • #814
  • Jun 19, 2018 9:24am Jun 19, 2018 9:24am
Quoting mrdfx
Yup its true, Summ Start mixed with strong trending pairs do not mix well, long term its a recipe for disaster.
Strong trending pairs or Sessions?

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #815
  • Jun 19, 2018 9:37am Jun 19, 2018 9:37am
Quoting Magix
{quote} Strong trending pairs or Sessions?
Not sessions, pairs. With this weeks instability, JPY has been a safe haven currency this week, and USD has been strong since last week, so all USD and JPY pair have been trending strong.

In my TE I've got 2 USD, and 2 JPY pairs, and they have taken a good knock, and the EA has been adding orders on the way down, giving the DD a good time lol..
Truth is like poetry. And most people f*cking hate poetry.
  • #816
  • Jun 19, 2018 9:44am Jun 19, 2018 9:44am
Bread Crumbs Post

Understanding the Template - LINK, LINK
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #817
  • Jun 19, 2018 10:40am Jun 19, 2018 10:40am
Added my Stochastics EA Test account and Pivot Pro to Trade Explorers, linked to thread.

Note account sizes and pairs traded...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #818
  • Jun 19, 2018 11:26am Jun 19, 2018 11:26am
The problem with not summing (martingale x1) or martingaling (martingale x 2) is that if a currency finds a new price level where it is comfortable on for the coming weeks or months you are stuck with a giant trade list.

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Although is see lot of opportunities to close out positions manually (leveling) and make room for other positions (pairs) and try to overcome the loss.
Leveling out will almost not raise your available margin but it will limit your exposure to another price movement in the wrong direction.
DO NOT WAIT AND WAIT AND HOPE FOR THE TRADES TO GO IN PROFIT, TAKE ACTION, TAKE A LOSS AT THE MINIMUM.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #819
  • Jun 19, 2018 11:29am Jun 19, 2018 11:29am
Quoting Magix
Added my Stochastics EA Test account and Pivot Pro to Trade Explorers, linked to thread. Note account sizes and pairs traded...
Just give away the pairs.
Not all pairs are traded yet so they will remain a mystery and going trough 5000 trades just to see what pairs you traded is well a nobodies forté.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #820
  • Jun 19, 2018 12:18pm Jun 19, 2018 12:18pm
Quoting FxMadness
{quote} Just give away the pairs. Not all pairs are traded yet so they will remain a mystery and going trough 5000 trades just to see what pairs you traded is well a nobodies forté.
Stochastics - Magic 7.

Pivot Pro - Not all pairs will be in trade, use the mtm column sort like pairs (on main TE Window) and run down the list.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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