{quote} Price has rejected the 1.3121 level for a 3rd time. GU is going to need some strong buying momentum to break through that level, if it does we will hit TP for sure.{image}
My "Ultron" EA for GBPUSD H1 timeframe
- #1,882
- Apr 11, 2019 3:27am Apr 11, 2019 3:27am
PDV106 settings back test last 12 months at 99.9% using tick data suite, variable spread and inclusive of swaps.
This is based on a $10k account balance and using fixed lot size of 1.0 std lots per trade. Obviously the profit would be even higher if using MM settings but i like to use fixed lots for comparisons of back tests as it keeps things more consistent. Not bad Paul
This is based on a $10k account balance and using fixed lot size of 1.0 std lots per trade. Obviously the profit would be even higher if using MM settings but i like to use fixed lots for comparisons of back tests as it keeps things more consistent. Not bad Paul
- #1,886
- Apr 11, 2019 6:04am Apr 11, 2019 6:04am
Man, this buy order is hanging on much longer than I'm comfortable with, fingers crossed indeed!
Hahhahaha Yes, I agree.... PM May will address parliament today. Or already did nothing clear what time she's going to address them.
But this trade straight went to RED Zone. Still 50 50 chances it won't hit SL.
- #1,888
- Apr 11, 2019 8:17am Apr 11, 2019 8:17am
{quote} Hahhahaha Yes, I agree.... PM May will address parliament today. Or already did nothing clear what time she's going to address them. But this trade straight went to RED Zone. Still 50 50 chances it won't hit SL.
One thing we can learn from the current buy order is that this EA is able to open an order into resistance or support or into a spike as the momentum builds. This leads us to perhaps adding some code to prevent this type of entry - easier said than done i know. However some early ideas could be;
1. using a market profile indicator for x period of time prior to the current time, to filter out entries where the price is approaching a price where the price has spent a very brief amount of time (only prior spikes) in the previous x period of time above (or below if short) the proposed entry price. Once this value = zero then the price has obviously broken through the level where it has not spent any time (above or below spikes during previous x period) and then entry is allowed. This is logic is designed to filter out entries where there have been previous spikes but allow them once the price has broken new ground... the tuning of x period in the market profile indi would be needed but easy enough to do with backtest. A suffiently large number would also = trade allowed if the price had spent a long time (or large volume) in the previous range of x period in the market profile.
2. using ADR to filter out entries if the price is near extreme level of ADR - entries near ADR 100% or above perhaps have a high likelyhood of reversal?
3. Filter out entries that occur within x pips of daily or weekly pivot points imported via dll data site - again to avoid entry close to likely reversal points
4. Filter out trades if RSI is above or below 70/30 @ period (input variable) also to tune via backtesting. long > 70 and short < 30 not allowed etc
Thats all i have for now, apologies if any of this has been tried before
- #1,892
- Apr 11, 2019 1:35pm Apr 11, 2019 1:35pm
- Joined May 2017 | Status: Trader | 3,880 Posts
Truth is like poetry. And most people f*cking hate poetry.
- #1,893
- Apr 11, 2019 11:27pm Apr 11, 2019 11:27pm
I'm not liking the look of GU currently, too much range and indecisiveness in the market but more bearish than bullish.
Pawel version was always taken SL yesterday but saved with few pips only.
For now M1, M5,M15,M30 are downtrend but h1, h4, daily trend is upward
If this trade survive by London opening, this particular trade will enter GREEN zone.
- #1,894
- Apr 12, 2019 12:05am Apr 12, 2019 12:05am
{quote} It doesnt matter whether this trade or any particular 1 trade wins or looses - whats important is the statistical edge which means it should win more than it looses over time. One thing we can learn from the current buy order is that this EA is able to open an order into resistance or support or into a spike as the momentum builds. This leads us to perhaps adding some code to prevent this type of entry - easier said than done i know. However some early ideas could be; 1. using a market profile indicator for x period of time prior to the...
Weeks back one BUY trade was entered end of BB resistance swing while GBP overall bearish, I had a bad feelings that friday so I closed it manually, that was obvious for those didn't close got hit SL.
Ultron is so good with winning percentage Pawel 58% - Paul 76%. Entry is good, trailing-sl is good but losing trade need to be taken care of by either tight SL or adr resistance/support level check. However, Ultron is still one of the best EA
- #1,898
- Apr 12, 2019 5:03am Apr 12, 2019 5:03am
- Joined Jun 2012 | Status: Trader | 1,281 Posts
I never lose - either I win or I learn...
