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System of Pending Orders

  • #141
  • Nov 27, 2018 5:12pm Nov 27, 2018 5:12pm
Quoting cfudge
They do say Tuesday is a reversal day...
I'll start a separate demo account starting on each weekday next week and all ending on Friday in order to estimate which day is a better start day on average for this system. I'll post the results since it may be insightful for other strategies also.
  • #142
  • Nov 28, 2018 2:53am Nov 28, 2018 2:53am
In your strategy or EA system, how far back on the charted history does your earliest entry filter or rule consider? ie - youve stated that you use multiple filters or rules which are "grail" i was wondering if you would share the "length of time" the "grail" part of the system is looking at, prior to generating an order?
  • #143
  • Nov 28, 2018 5:03am Nov 28, 2018 5:03am
Quoting groper
In your strategy or EA system, how far back on the charted history does your earliest entry filter or rule consider? ie - youve stated that you use multiple filters or rules which are "grail" i was wondering if you would share the "length of time" the "grail" part of the system is looking at, prior to generating an order?
50, 100, and 200 periods are the ones considered for grail but it would be a lot easier to develop your own instead of reverse engineering. In general, I would recommend to always look at long periods. For example 500, 1000, and 2000 are fine periods too depending on your purpose. I've even found periods having multiples of 5000 to be interestingly useful.
  • #144
  • Nov 28, 2018 5:17am Nov 28, 2018 5:17am
The lowest water mark recorded so far was -64.46 or roughly 13% drawdown. If it were to get something close to 20%, that should definitely prompt you to either lower the lot size or increase the deposit.
  • #145
  • Nov 28, 2018 12:41pm Nov 28, 2018 12:41pm
The Fed's Powell Speech was brutal and caused much drawdown. I'll keep this account going but for a larger account, I'm realizing it is safer to enter at beginning of the day, target a fixed number of pips such as 100, then exit and be out of the market for the rest of the day.

Even though the earning potential would be less, it's likely that trading would be completed for the day shortly after Asian session thereby reducing the chances of getting caught against the trend on some pairs since I would no longer be exposed on all 34 pairs 24 hours per day during the majority of high-impact releases like the mini crash on the many pairs that we experienced today.

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  • #146
  • Nov 29, 2018 5:34am Nov 29, 2018 5:34am
Given my strategy, the idea of holding the trades for days to weeks is obviously a grenade The strategy is quite good but allowing it to run for days is a bad idea.

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  • #147
  • Nov 29, 2018 6:05am Nov 29, 2018 6:05am
Think its smart too close every evening ore after each session ore whatever you feel comfortable with not having it run for days because a setup usually only last for a coupple of hours its difficult too see into the future for days...
  • #148
  • Nov 29, 2018 6:20am Nov 29, 2018 6:20am
Quoting Macedamia
Think its smart too close every evening ore after each session ore whatever you feel comfortable with not having it run for days because a setup usually only last for a coupple of hours its difficult too see into the future for days...
Yes, exactly. The most conservative approach is the begin trading at the start of the broker open and go after a fixed net amount such as 100 pips and then, be done for the rest of the day. Yes I may be missing out of a lot of trades after the 1st net take profit but it's better to make a little bit rather than lose a lot.
  • #149
  • Nov 29, 2018 12:17pm Nov 29, 2018 12:17pm
One down, just a few more to go

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  • #150
  • Nov 29, 2018 3:15pm Nov 29, 2018 3:15pm
A more realistic growth model for the system is to take a 10 pip take profit for each $500 of deposit. Basically a daily target of $10 for each $500 of deposit. This also means I would be compounding at each $500 interval.

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  • #151
  • Nov 30, 2018 12:15am Nov 30, 2018 12:15am
Another approach to reduce DD or even to take something positive from it might be (maybe as a complement to your daily target approach) to put the EA on a demo account at the beginning of the week, let the account run into DD until Tuesday / Wednesday and then open all open orders as market orders on a live account. The question would be, of course, what happens if the account doesn't run into DD until midweek.
  • #152
  • Nov 30, 2018 1:25am Nov 30, 2018 1:25am
Quoting spotrate
{quote} 50, 100, and 200 periods are the ones considered for grail but it would be a lot easier to develop your own instead of reverse engineering. In general, I would recommend to always look at long periods. For example 500, 1000, and 2000 are fine periods too depending on your purpose. I've even found periods having multiples of 5000 to be interestingly useful.
The reason i asked is because i can see no reason for favourable probability when your holding positions for "many days to weeks" unless you have fundamental reasons for a pair to go in the direction you intend. I couldnt work out how you could base such long term positions with anything better than 50% probability when you were only looking at the last 24hours on the 15min chart? Something didnt add up so i figured you must have some other information going into the system that you havnt told us about and are not willing to... i thought you might elude to some more information as time went by as without it, its only part of a system... incomplete...
so other than to blindly follow your TE, i cant see that there is anything to learn or even discuss here, so it begs the question - why are you running this thread?
  • #153
  • Nov 30, 2018 6:12am Nov 30, 2018 6:12am
Quoting groper
{quote} The reason i asked is because i can see no reason for favourable probability when your holding positions for "many days to weeks" unless you have fundamental reasons for a pair to go in the direction you intend. I couldnt work out how you could base such long term positions with anything better than 50% probability when you were only looking at the last 24hours on the 15min chart? Something didnt add up so i figured you must have some other information going into the system that you havnt told us about and are not willing to... i thought...
You're welcome for me taking my time to thoughtfully reply to all your questions. You would need to learn a lot more about this system since you're trying to reverse engineer it but instead you make false assumptions and based on your questions, you wouldn't have what it takes to figure it out anyway. With all due disrespect, I just don't think you're smart enough. In general, it's already very difficult to reverse engineer a system.

I've already stated my intent with this thread. If it's not good enough then move onto the many other threads that are here.
  • #154
  • Nov 30, 2018 6:55am Nov 30, 2018 6:55am
Quoting SputnikX
Another approach to reduce DD or even to take something positive from it might be (maybe as a complement to your daily target approach) to put the EA on a demo account at the beginning of the week, let the account run into DD until Tuesday / Wednesday and then open all open orders as market orders on a live account. The question would be, of course, what happens if the account doesn't run into DD until midweek.
It is the same exact system of pending orders but I'll be closing the trades daily either automatically at the equity close of 2% or when I wake up and see equity in the green of any amount, whichever happens first.
  • #155
  • Dec 2, 2018 10:01pm Dec 2, 2018 10:01pm
It's better to make a little bit than to lose a lot. The system placed a few pending orders and after the 2% daily target, I'm done for the day. You guys have fun trading the crazy markets for more profit, I'm out. See you tomorrow for more pending orders and another rinse and repeat of 2%
  • #156
  • Dec 2, 2018 10:48pm Dec 2, 2018 10:48pm
I'm wondering what happened to the other TE.
  • #157
  • Dec 4, 2018 1:02am Dec 4, 2018 1:02am
Quoting SputnikX
I'm wondering what happened to the other TE.
The other TE blew up, but actually I'm grateful it did because I learned to make a particular change that made things right and virtually guarantees 50 net pips per day.
  • #158
  • Dec 4, 2018 5:40pm Dec 4, 2018 5:40pm
I'm done with my daily 2.5% and out of the market with virtually no drawdown, as usual. The last TE blowing up because of letting trades run for a week was a blessing in the sky because as a result I figured out something grail.
  • #159
  • Dec 4, 2018 6:39pm Dec 4, 2018 6:39pm
In case you're new to the thread, the TE that blew up was a $500 account
  • #160
  • Dec 5, 2018 8:41am Dec 5, 2018 8:41am
Quoting spotrate
Similar to the usual trailing stop loss for a single trade, an EA to trail the overall account equity is what's needed to maximize returns. Until I find something that does this, I'll be happy taking the daily $50 but it sure would be nice on days like this on my demo account with a floating equity of $3200. {image}
I think you need this:
Attached File(s)
File Type: mq4 CloseAtProfit_V_Majami_5.mq4   82 KB | 413 downloads
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