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  • #1,143,921
  • Sep 24, 2018 4:06am Sep 24, 2018 4:06am
Quoting MonkeyDick
{quote} Sure, I started developing my EA a lot of months ago, using the tipical technique of martingale that was a big error, in some cases can be very dangerous. At this moment I use Risk calculation, with several indicators. I developed 2 indicators personally that i can't share, still in beta phase. I use a dinamicall grid - every 150 points can allowed a new trade. if the market is calm this grid is decreased. To Open the trades: https://www.mql5.com/es/code/7730 - Semafor (The timefrime i use is 1m, is very volatile but accurate...
Ok, thanks. So it is an indie ...smth like a black box which streams signals
I don't buy or try such of these toys anymore, I have too much experience, sorry.
.....unless you show up with some clear settings and a TE on one year back positive equity curve.
Member
  • #1,143,922
  • Sep 24, 2018 4:12am Sep 24, 2018 4:12am
EU. ready to pull back guys
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Profit growth tells you the trader ability.
  • #1,143,923
  • Sep 24, 2018 4:19am Sep 24, 2018 4:19am
Quoting TudorIoan
{quote} Ok, thanks. So it is an indie ...smth like a black box which streams signals I don't buy or try such of these toys anymore, I have too much experience, sorry. .....unless you show up with some clear settings and a TE on one year back positive equity curve.
I was just answering ur question, I'm not selling my EA uses tables in a database and the compatibility is not finished to others accounts. I modified all the indicators mentioned.
  • #1,143,924
  • Sep 24, 2018 4:23am Sep 24, 2018 4:23am
Quoting MonkeyDick
{quote} I was just answering ur question, I'm not selling my EA uses tables in a database and the compatibility is not finished to others accounts. I modified all the indicators mentioned.
Ok, thanks. May I ask more about efficiency and accuracy?
What do you mean by compatibility to others accounts ? Don't they use the same database?
How long do you use this?
Are you only experimenting this?
Member
  • #1,143,925
  • Sep 24, 2018 4:24am Sep 24, 2018 4:24am
With FX markets quiet amid the lack of participants due to mass closures, price action was dictated by risk sentiment. USD index traded relatively flat, albeit above the 94.00 level and EUR/USD languished around Friday’s lows.

Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1685-90 (1.1 BLN), 1.1700 (0.332 BLN), 1.1740-50 (1.4 BLN).

Seems like a good point to short is 1.1795.
  • #1,143,926
  • Sep 24, 2018 4:59am Sep 24, 2018 4:59am
Quoting TudorIoan
{quote} Ok, thanks. May I ask more about efficiency and accuracy? What do you mean by compatibility to others accounts ? Don't they use the same database? How long do you use this? Are you only experimenting this?
I'm glad to talk to someone who understand a lot and i want to share my work in the future when i finish the testing in real environment maybe for the next year. At this moment the EA is functional but not finished there are a lot to improve and test.

1- I backtested the EA with a lot of years in a lot of currencies (normally from 2016 to 2018), in all is working more or less but use some signals that only can be tested in live trading and this signals are so important, like to block bad trades or improve the lots of good trades. at this moment I'm watching with the best offline backtest with pairs with jpy, eur, and usd. in offline backtest bring me a success around of 70% with this pairs.

2- The ea use the same database with several tables and is focused to my accounts and my server. Uses some libraries and I should check this for the properly work in other environment. for example for a normal VPS i don't think will work well.

I started the EA in April of this year but is not until this month im testing in real environment. I'm developing this EA basically every day.
  • #1,143,927
  • Sep 24, 2018 5:09am Sep 24, 2018 5:09am
Quoting MonkeyDick
{quote} I'm glad to talk to someone who understand a lot and i want to share my work in the future when i finish the testing in real environment maybe for the next year. At this moment the EA is functional but not finished there are a lot to improve and test. 1- I backtested the EA with a lot of years in a lot of currencies (normally from 2016 to 2018), in all is working more or less but use some signals that only can be tested in live trading and this signals are so important, like to block bad trades or improve the...
70% on backtests "lot of years in a lot of currencies" is not enough?
Ok, good luck with your work!
I'm sure people look forward you to finish the testing in real environment until maybe the next year... I hope you to get more than 70%!
Member
  • #1,143,928
  • Edited 5:57am Sep 24, 2018 5:40am | Edited 5:57am
Quoting Isabella_D
{quote} Hello @simnz thanks for your interest. Hope that the following comments do not overload this trading thread. For eventually further discussion expect your suggestion for using other thread in this matter. I would describe above trading method as relatively robust, but for target definition (deals) and monitoring some variable date are needed. For this purpose I use small databases (dbase) and OpenOffice (syntax is simular to excell, filled via DDE). Different databases also because I trade different strategies and the underlyings for entering...
Thank you for explanation. MT4 mobile is limited in use. I have customised graphic object of Fibonacci lines to draw a trading plot . Based on my extensive personal experience I have concluded that reading charts or doing techno-analysis does not really help me to be a better trader. I use calendar as a trade trigger plot so simple understandinng of the fundemental drivers is good enough to get a feeling of how the price may move.

Above all, the key is risk management. Managing drawdowns either by averaging or varying lots works for me. Trading lots are smaller. What I liked about your method is you have drawn a table of possible trades based on a distance. I use a fixed distance but I want to understand the methods and rationale you use to varying distances. Since I trade in one direction, with no stop loss and use fixed distance only, the drawdown remains the major issue. By practising I have found drawdown can be controlled either by entering late trades by 30 to 40 pips from the marked entry point and/or varying the lots when you feel the exhaustion point of the trade is reached at the 4th or 5th level. Which means only after a drawdown of 500+400+300+200+100 (1500 pips) is reached, I can take this liberty of varying lots and aim at taking profits at 1/2 of 100 pips level a few times but without changing the direction. If I can make 400 points totally before the trades move in either direction, my drawdown will be minimised.

I would define risk capital before entering trades. If I expect to trade for 8 levels then I will calculate 800+700+600+500+400+300+200+100 = 3600 pips. 4000 pips will be my risk capital. Margin for 8 positions also needs to be locked as good faith deposit. It is emotionally taxing when you don't pile up any profits from time to time offsetting drawdown while it moves like a big wave in one direction. It has happened when the currency pair has trended strongly against you and kept moving in one direction for 8-12 days in a row. I have gone through such a wave twice in last few years. Because I had planned with deep pip pockets I could survive and make profits more than anticipated. I got badly bruised but did not shatter me. Had the equity stop out of 4000 pips had been touched, still I would not give up because the size of the lot was chosen in such a way that it won't hurt me financially.

After seeing your thread, I thought maybe I will get some clues as to map a distance ladder whereby I can do something differently. Your experience in defining distances has to be quite valuable.

The link provided by you is showing error.
Practice makes a person perfect
  • #1,143,929
  • Sep 24, 2018 6:09am Sep 24, 2018 6:09am
Quoting simnz
{quote} Thank you for explanation. MT4 mobile is limited in use. I have customised graphic object of Fibonacci lines to draw a trading plot . Based on my extensive personal experience I have concluded that reading charts or doing techno-analysis does not really help me to be a better trader. I use calendar as a trade trigger plot so simple understandinng of the fundemental drivers is good enough to get a feeling of how the price may move. Above all, the key is risk management. Managing drawdowns either by averaging or varying lots works for me....
Presently, through my TE (demo) I am exploring whether I could manage hedging profitably. Trades are triggered by the speed of momentum. No indicator or any techno-analysis is involved. No direction bias . Momentum can be strong in one direction and can reverse in two minutes and travel in the opposite direction.
Momentum is dictated by my reading of Currency Strength meter (any meter will do).

I am clear I have no control over the market. So I have practised risk controls extensively without spending my time on reading the emotions of the market or even my own emotions. No direction bias. Only taking cognisance of the calendar events to avoid pre-event entry.

Now I realise hedging can take care of the drawdown easily but I am totally new to hedging biz. So I will try to put together a system of when to liquidate profitable trades purely based on drawdown level.

Isabella D, can you please share your ideas on linking TP to drawdown levels or any other distance methodology?

Thank you.
Practice makes a person perfect
  • #1,143,930
  • Sep 24, 2018 6:41am Sep 24, 2018 6:41am
What is your advice when this curve appears?
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  • #1,143,931
  • Sep 24, 2018 8:05am Sep 24, 2018 8:05am
Lovely! Go, Mario!
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  • #1,143,932
  • Sep 24, 2018 8:22am Sep 24, 2018 8:22am
Quoting TudorIoan
Lovely! Go, Mario! {image}
Hate this guy! Jeez! If this is tech then i don't understand this move.
  • #1,143,933
  • Sep 24, 2018 8:28am Sep 24, 2018 8:28am
Quoting Stillearnin
{quote} Hate this guy! Jeez! If this is tech then i don't understand this move.
Now you will hate him more:
Thank you for your attention. I am at your disposal for questions.
Member
  • #1,143,934
  • Sep 24, 2018 8:39am Sep 24, 2018 8:39am
Quoting TudorIoan
{quote} Now you will hate him more: Thank you for your attention. I am at your disposal for questions.
Nice one!

It's not over yet though, he can talk all he wants.
  • #1,143,935
  • Sep 24, 2018 8:49am Sep 24, 2018 8:49am
Quoting TudorIoan
{quote} Agree, good plan. Also mind that: - Hard Brexit, US-CHina tax war, Russia-China military circus... are still on. - They can bring wild spikes with the breaking news - Low liquidity can also bring spikes, bull/bear traps, breaking the FOMC wating range. Choose directions well!
well, I can't say I wasn't ready for surprises today
But I didn't expected Draghi
Quoting Stillearnin
{quote} Nice one! It's not over yet though, he can talk all he wants.
Yeap, ...as long as traders still have liquidity in their portfolios
Member
  • #1,143,936
  • Sep 24, 2018 9:26am Sep 24, 2018 9:26am
Quoting palpite
{quote} Just for to show where was support, now is resistance.
Ah I see... It looks more on the verge of a head and shoulders though. But I don't trade such big time frames. Happy with what I am doing now.
A 1 pip gain is better than a 1 pip loss.
  • #1,143,937
  • Sep 24, 2018 9:27am Sep 24, 2018 9:27am
Quoting ghaaran
What is your advice when this curve appears? {image}
Wait and see if it breaks the highest point of that curve and closes beyond it. If it does, it is likely to provide a fresh wave higher. Otherwise it will retrace a bit and then we gotta see if it breaks the lowest point of the previous low
A 1 pip gain is better than a 1 pip loss.
  • #1,143,938
  • Sep 24, 2018 9:35am Sep 24, 2018 9:35am
EURUSD broke the 1.1790 res for a second time and is now back below it. Interesting to see how the week unfolds.
  • #1,143,939
  • Sep 24, 2018 12:36pm Sep 24, 2018 12:36pm
Quoting TudorIoan
{quote} well, I can't say I wasn't ready for surprises today But I didn't expected Draghi {quote} Yeap, ...as long as traders still have liquidity in their portfolios
Talking heads can't help your trading, they can only bring confusion, uncertainty and fear. You don't need that, trading is hard enough already.
  • #1,143,940
  • Sep 24, 2018 3:00pm Sep 24, 2018 3:00pm
Quoting Techanalyst
Aggressive bearish run over the past five weeks( USDCHF Weekly chart). USDCHF weakness really began to show in mid-August, around the time that DXY began to reverse. This makes the pair attractive in scenarios of continued USD weakness, and on the chart, we look at a zone of interest for bearish continuation of this move(USDCHF H4 chart looking to sell when the price pulls back to resistance area 0.9673 the blue box). {image}
Almost there.
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