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Pivot Trading EA

  • #1,161
  • Aug 9, 2018 4:50am Aug 9, 2018 4:50am
[quote=akangaziz;11347801]. lesson learned: 1. money management: better to use big pips distance and max trade to 5.

Hi
What would you recommend the bigger pip distance to be and can this change be made on the EA input page or will you have to build this in to your next update?
Thank you
Carlos
"All good things to those who wait"
  • #1,162
  • Aug 9, 2018 5:51am Aug 9, 2018 5:51am
Quoting akangaziz
big trend for GBP and news release NZD BNZ Rate Statement kill my account today. lesson learned: 1. money management: better to use big pips distance and max trade to 5. 2. suggest having no trade at S38/R38, S100/R100. 3. in v0.8, need to handle/fix big SL size and possible to have a trailing feature (need to test it). experience increase quality, every mistake is a lesson.. lucky me, I still not use big money yet for EA.. I still can fail 10 times with the same amount
It's a good approach to improve performance for next releases. Good job.
IMHO, I think just few valid indicators are enough, otherwise the strategy could becomes complex and difficult to manage with worse results than expected.
I don't understand the logic of martingala when set to ON: isn't it better to use an antimartingala approach? I mean, collecting new orders after PA convalidates the bounce in the right direction (toward pivot or opposite zone)?
Thank you very much in advance.
Discipline and winning attitude
  • #1,163
  • Aug 9, 2018 7:41am Aug 9, 2018 7:41am
Quoting Paolino
{quote} It's a good approach to improve performance for next releases. Good job. IMHO, I think just few valid indicators are enough, otherwise the strategy could becomes complex and difficult to manage with worse results than expected. I don't understand the logic of martingala when set to ON: isn't it better to use an antimartingala approach? I mean, collecting new orders after PA convalidates the bounce in the right direction (toward pivot or opposite zone)? Thank you very much in advance.

Martingale will always blow an account sooner or later, it's a no go.

I don't understand the logic of martingala when set to ON <== while scaling in, Martingale means if after the first entry of say 1 lot, price falls back say, 10 pips, you double up to say 2 lots and if it falls back another 10 pips, you double again to 4 lots and so on. Until the account either boom or bbust.
  • #1,164
  • Aug 9, 2018 7:45am Aug 9, 2018 7:45am
Quoting Asw
{quote} Martingale will always blow an account sooner or later, it's a no go. I don't understand the logic of martingala when set to ON <== while scaling in, Martingale means if after the first entry of say 1 lot, price falls back say, 10 pips, you double up to say 2 lots and if it falls back another 10 pips, you double again to 4 lots and so on. Until the account either boom or bbust.

I agree. I would accumulate/increment new orders only if following the swing in the direction I expect. It's hard but not impossible. Otherwise martingala is very dangerous.
Discipline and winning attitude
  • #1,165
  • Aug 9, 2018 8:21pm Aug 9, 2018 8:21pm
Thanks for demonstrating that Pivot trading can blow up a live account

where 80% of losses come from 20% of trades

You came here for the truth and let me unveil it for you
  • #1,166
  • Aug 9, 2018 8:31pm Aug 9, 2018 8:31pm
Quoting RondaRousey
Thanks for demonstrating that Pivot trading can blow up a live account
You really are a nasty piece of work. They are trying to develop an algo which is very different to manual trading as we've also found out over the last 3 years, ours would blow up your account too but trading our system manually doesn't, go figure. Why don't you just leave people alone and get on with your own trading because I've been around here long enough to know you can't trade for shit.
Ardua Ad Astra Per
  • #1,167
  • Aug 9, 2018 8:36pm Aug 9, 2018 8:36pm
Quoting RondaRousey
Thanks for demonstrating that Pivot trading can blow up a live account

Any type of trading can blow up a live account if you don't have correct Money Management....

All Akangaziz has shown is not to trade too many pairs and open up too many positions with a small size account which cant sustain DD.

My DD was at 3.5% at its worst I hedged my account and closed out just under BE. On a $5000 account 3.5% is not bad and that was with 2 pairs ( normally risking 2% per pair is my limit )

If you do not know how to manage your own money, you certainly should not rely on an EA...

There are things you can do to minimize DD like I had NZD JPY open up some Buy orders with the EA and because of this I managed my DD with placing a manual Buy order on AUD NZD which helped offset.. It will never be a set and forget solution so keep an eye on everything

  • #1,168
  • Aug 9, 2018 9:08pm Aug 9, 2018 9:08pm
Quoting RondaRousey
Thanks for demonstrating that Pivot trading can blow up a live account where 80% of losses come from 20% of trades
this saying is it happens in trading brother
  • #1,169
  • Aug 9, 2018 11:26pm Aug 9, 2018 11:26pm
Quoting akangaziz
big trend for GBP and news release NZD BNZ Rate Statement kill my account today. lesson learned: 1. money management: better to use big pips distance and max trade to 5. 2. suggest having no trade at S38/R38, S100/R100. 3. in v0.8, need to handle/fix big SL size and possible to have a trailing feature (need to test it). experience increase quality, every mistake is a lesson.. lucky me, I still not use big money yet for EA.. I still can fail 10 times with the same amount
good luck my friend and we need a news filter
  • #1,170
  • Aug 10, 2018 2:10am Aug 10, 2018 2:10am
Quoting RondaRousey
Thanks for demonstrating that Pivot trading can blow up a live account where 80% of losses come from 20% of trades
RondaRousey, I have read posts by you in other threads, you are welcome to contribute here but please do not try to turn our thread into another thread filled with hatred and negativity. We are all imperfect, but let’s strive to build each other up and not tear down. If you would like to quarrel with other traders please do it in the usual threads where you typically roam.
It's either going UP, or DOWN.
  • #1,171
  • Edited 9:56am Aug 10, 2018 2:45am | Edited 9:56am
I am amazed there are so little talks/solutions about MM. The strategy is good the Ea is good, the MM is bad. The logical action is to put little effort and try different settings on MM. Try to change "maxim risk in percentange of balance" from 80 to something less. Forget about manual trading style where we can intervene at any moment to manage/stop bad trades, this is (Sparta) automatic trading, we need to reduce risk at minimum. We also need maxim risk in pips or money.

GBP and NZD pairs were a nightmare and created many looses.
This was the worst week in months, but all trades are closed now and i am still in profit. Also observe DD.
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Don't NO-SL and drive! And remember: Always keep your eyes on the trend!
  • #1,172
  • Edited Aug 11, 2018 4:02am Aug 10, 2018 7:18am | Edited Aug 11, 2018 4:02am
Lets be honest, after month of good trades we start to behave that we found holly grail of Forex. But Forex fight back and thats that. I understending this as a learning curve. Also I blown my real account. Reason for that is bad lack (read: greed), GBPUSD & NZDJPY pairs and my idiotic hedging...

I agree with Nomenix:

Quoting Nomenix
I am amazed there are so little talks/solutions about MM. The strategy is good the Ea is good, the MM is bad. The logical action is to put little effort and try different settings on MM. Try to change "maxim risk in percentange of balance" from 80 to something less. Forget about manual trading style where we can intervene at any moment to manage/stop bad trades, this is (Sparta) automatic trading, we need to reduce risk at minimum. We also need maxim risk in pips or money. GBP and NZD pairs were a nightmare and created many looses. This was the...
Akangaziz, please continue your good work...
  • #1,173
  • Aug 10, 2018 11:48am Aug 10, 2018 11:48am
Quoting WindChaser
{quote} RondaRousey, I have read posts by you in other threads, you are welcome to contribute here but please do not try to turn our thread into another thread filled with hatred and negativity. We are all imperfect, but let’s strive to build each other up and not tear down. If you would like to quarrel with other traders please do it in the usual threads where you typically roam.
You are the man...
  • #1,174
  • Aug 10, 2018 1:17pm Aug 10, 2018 1:17pm
Quoting Nomenix
I am amazed there are so little talks/solutions about MM. The strategy is good the Ea is good, the MM is bad. The logical action is to put little effort and try different settings on MM. Try to change "maxim risk in percentange of balance" from 80 to something less. Forget about manual trading style where we can intervene at any moment to manage/stop bad trades, this is (Sparta) automatic trading, we need to reduce risk at minimum. We also need maxim risk in pips or money. GBP and NZD pairs were a nightmare and created many looses. This was the...
You have good point about the MM. Over the years I have seen a number of persons blow their account with EA. Not because the EA overall perform bad but because of greed: The EA seems to work fine and then they increase the lot size and then blow their account when the marked change. What I think It's strange is that these persons seems to know MM very well. Is it lack of experience that make them make this mistake?
  • #1,175
  • Aug 10, 2018 1:34pm Aug 10, 2018 1:34pm
Quoting kirinda
{quote} You have good point about the MM. Over the years I have seen a number of persons blow their account with EA. Not because the EA overall perform bad but because of greed: The EA seems to work fine and then they increase the lot size and then blow their account when the marked change. What I think It's strange is that these persons seems to know MM very well. Is it lack of experience that make them make this mistake?
In the most part is the lack of experience (been there) and the rest are driven by greed and overconfidence (work hard to no go there)
The pit may also contain: stupidity, lack of elementary logic, lack of common sense, gambling.
Don't NO-SL and drive! And remember: Always keep your eyes on the trend!
  • #1,176
  • Aug 10, 2018 1:58pm Aug 10, 2018 1:58pm
What I'm amazed guys is that you all jumped real accounts with an EA in development phase that has almost 0 MM...

And instead of testing, providing feedback and solutions to current issues, the only thing I have seen here is people just going live and claiming awesome results after 1 week of testing...

I know this EA has potential, but it also has a lot of work to be done... And definetly was not and is not ready to go live.
Building a Freedom All Time Return: 5,178.8%
  • #1,177
  • Aug 11, 2018 6:04am Aug 11, 2018 6:04am
Quoting J1mm
What I'm amazed guys is that you all jumped real accounts with an EA in development phase that has almost 0 MM... And instead of testing, providing feedback and solutions to current issues, the only thing I have seen here is people just going live and claiming awesome results after 1 week of testing... I know this EA has potential, but it also has a lot of work to be done... And definetly was not and is not ready to go live.

I agree with you 100%. I've coded an EA too and run it for the last week and the results are not very good.
The EA is coded to Davits spec, only this is I ran it on all Majors and Minors, I've set one up to just trade the ones, Davit claims the system works with,
I'll let you know next weekend how it did, SL is above/below the next level and entry must be above/below 78, TP set to just before pivot.
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  • #1,178
  • Aug 11, 2018 7:15am Aug 11, 2018 7:15am
Quoting Asw
{quote} I agree with you 100%. I've coded an EA too and run it for the last week and the results are not very good. The EA is coded to Davits spec, only this is I ran it on all Majors and Minors, I've set one up to just trade the ones, Davit claims the system works with, I'll let you know next weekend how it did, SL is above/below the next level and entry must be above/below 78, TP set to just before pivot. {image}
If you give me the model spec in the following format and upload the relevant mql4 files, I'll build, refine and robustness check it for you:




LongEntryCondition = ????
ShortEntryCondition = ????



Entry orders

-- Long entry
if LongEntryCondition is true {
if No position is open then Buy on open at Market/stop or limit?;
Stop Loss = xxx pips?;
Profit Target = xxxpips?;

// Move SL to BE (on close)
Move Stop Loss to Entry price when in profit at least xxx pips?;

// Profit trailing (on close)
Profit Trailing by (xxx * ATR(18)) pips?;
}

-- Short entry
if ShortEntryCondition is true {
if No position is open then Sell on open at Market;
Stop Loss = xxpips?;
Profit Target = xxpips?;

// Move SL to BE (on close)
Move Stop Loss to Entry price when in profit at least xxpips?;

// Profit trailing (on close)
Profit Trailing by (xx? * ATR(18)) pips;
}


Exit orders

-- Long exit
if MarketPosition is Long {
if (????) {
Close position at market;
}

}

-- Short exit
if MarketPosition is Short {
if (????) {
Close position at market;
}

}
  • #1,179
  • Aug 11, 2018 12:17pm Aug 11, 2018 12:17pm
Quoting mbrown
{quote} If you give me the model spec in the following format and upload the relevant mql4 files, I'll build, refine and robustness check it for you: LongEntryCondition = ???? ShortEntryCondition = ???? Entry orders -- Long entry if LongEntryCondition is true { if No position is open then Buy on open at Market/stop or limit?; Stop Loss = xxx pips?; Profit Target = xxxpips?; // Move SL to BE (on close) Move Stop Loss to Entry price when in profit at least xxx pips?; // Profit trailing (on close) Profit Trailing by (xxx * ATR(18)) pips?; } -- Short...
Thanks for your offer, but it's a multipair EA and it's a straight forward coding job.

Many Thanks
  • #1,180
  • Aug 12, 2018 4:12am Aug 12, 2018 4:12am
Quoting akangaziz
Important notes: 1. MUST READ the EA Installation Guide and FAQs, before you start asking questions 2. JOIN our Telegram chat group (to get the latest news and discuss with hundreds of fellow traders)! 3. More details below ------------------------------------------------------------------------------------------ Good day to you, earnest traders, thank you for dropping by this thread! This thread is about developing the rAlgo Pivot Trading Expert Advisor (rPT-EA) on MT4, I coded...
Hi, The best explanation of a system ive read on FF so thanks very much and for your pdf guide too.

Ive loaded all and will set it running next week on demo.

One thing I noticed on GU

How would it have traded it (see arrows). Pretty convincing that pivots are respected some way but not always to go back to the Pivot it seems...
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