Hi, if in monitor mode is there anyway alert can be sent if it finds a trade?
Results for the week:
So now we are sitting at 382 pip profit on a week but 1900 pips in drawdown, I wonder what could happen if we inverse the logic
We could have closed the week in more than 1.5k pips profit...
Have a look at the highest floating profit vs highest floating DD... impressive isn't it?
So now we are sitting at 382 pip profit on a week but 1900 pips in drawdown, I wonder what could happen if we inverse the logic
We could have closed the week in more than 1.5k pips profit...Have a look at the highest floating profit vs highest floating DD... impressive isn't it?
Building a Freedom All Time Return:
5,178.8%
Jans, if you are willing, and maybe would make even more sense to create a different strategy thread, this EA has potential, but it has to work in a very different way.
As I told you so many times, as the EA is currently managing trades is the opposite way it should be doing and the good part is that you "just" have to inverse some conditions in your code. I think that my screenshots and forwards tests proof you that this is not profitable in the long run, it cannot be that every week I test the EA it generates 2k pips Drawdown vs 300 pips of banked profit and in some pairs and 1 year of backtest it blew accounts in the moment you catch a huge trend.
My idea is the following:
- Keep entry conditions as they currently are, I think entries are right, problem comes with the Money Management part.
- Inverse the MeMe logic, don't average down incorrect entries, just average up the correct ones
This would mean basically:
- that the logic for exit an incorrect position would be the actual logic to close a trade in profit in the current EA
- that the logic to average up a trade is the current logic to average down the trade
- that the logic of moving SL to BE would be inverted to move SL to BE but on the average up trades, meaning that you will just exit if trend is not strong enough to keep going up without a major reversal so we will just catch very strong trends.
- Add a basket option, EA will close ALL positions when overall pips are X
Obviously, this is still TMS strategy, but the MM part is greatly enhanced as you will close incorrect entries ASAP but you will let run the good ones for long time until basket is reached.
So in this way, the EA will work the following way...
Entry is activated but it suddenly goes against us by ADR100/2, we close it
Entry is activated and keeps going, first average up is triggered, SL moved to BE+profit
Next average up is triggered, we move SL to BE + profit
This happens for 4 pairs, we reached let's say 1k pips overall profit, we close all
Worst case scenario, 4 trends reverse, they trigger the BE + profit and we exited 4 trades without a loss.
If you want to have a chat, you have my telegram I think you are into something really good here, but needs some tweaking and testing
Kind Regards,
Jimm
As I told you so many times, as the EA is currently managing trades is the opposite way it should be doing and the good part is that you "just" have to inverse some conditions in your code. I think that my screenshots and forwards tests proof you that this is not profitable in the long run, it cannot be that every week I test the EA it generates 2k pips Drawdown vs 300 pips of banked profit and in some pairs and 1 year of backtest it blew accounts in the moment you catch a huge trend.
My idea is the following:
- Keep entry conditions as they currently are, I think entries are right, problem comes with the Money Management part.
- Inverse the MeMe logic, don't average down incorrect entries, just average up the correct ones
This would mean basically:
- that the logic for exit an incorrect position would be the actual logic to close a trade in profit in the current EA
- that the logic to average up a trade is the current logic to average down the trade
- that the logic of moving SL to BE would be inverted to move SL to BE but on the average up trades, meaning that you will just exit if trend is not strong enough to keep going up without a major reversal so we will just catch very strong trends.
- Add a basket option, EA will close ALL positions when overall pips are X
Obviously, this is still TMS strategy, but the MM part is greatly enhanced as you will close incorrect entries ASAP but you will let run the good ones for long time until basket is reached.
So in this way, the EA will work the following way...
Entry is activated but it suddenly goes against us by ADR100/2, we close it
Entry is activated and keeps going, first average up is triggered, SL moved to BE+profit
Next average up is triggered, we move SL to BE + profit
This happens for 4 pairs, we reached let's say 1k pips overall profit, we close all
Worst case scenario, 4 trends reverse, they trigger the BE + profit and we exited 4 trades without a loss.
If you want to have a chat, you have my telegram I think you are into something really good here, but needs some tweaking and testing
Kind Regards,
Jimm
Building a Freedom All Time Return:
5,178.8%
{quote} Hmm sounds interesting. What exactly is an expansion zone?
What I meant with expansion zone is an "Area of Decison Making"; or a "likely" Reversal Area. It can also be considered as an "Area of interest". For clarity let me call it the "DA" as in Decision Area. I have been using the DA to look for a trend reversal trade setup when price gets inside the DA. If price goes beyond the DA, then momentum is strong for that trend. The DA is purely in relation to the range of WCC.
I thought that it would be useful to be able to see the DA plot on the chart as a reminder where a reversal is likely. It will be much appreciated if this could be an available option in the settings of the indicator.
Regards
PS Attached are a few screeenshots of the DA's based on the WCC. Notice price behaviour when getting to the DA.
