DislikedIf we consider ATR_multiplier 0.5 is optimal for 1hr charts, then to equate 15m charts levels to the 1hr chart levels we would need 1.5 or 2 multiplier. Conversely, the 4hr hourly chart would be smaller multiplier, probably around 0.25. Just some thoughts...Ignored
- #4,226
- Edited 8:47pm May 1, 2019 4:19pm | Edited 8:47pm
- | Joined Sep 2015 | Status: Trader | 1,863 Posts
Here is some CycleV3 results from yesterday, I used EL and TP/SL settings in all cases:
15m, Changing to 2 waits and setting ATR multiplier to 2 did calm down the number of AddOns and DD a bit, it actually recovered enough for me to manually close it down at the end of the Forex day, it was well exposed to the market with 67 trades still open.
1hr Cycle(3,2)+AddOn(9,0.5) hit the EL before getting to the NY session
1hr Cycle(4,1)+AddOns(9,0.5) hit the EL alse before NY session
1hr Cycle(3,1)+AddOn(9,1.0) spiked my SL, if I had my SL set a bit further it may have recovered similar way to the 15m and 4h setups.
4hr Cycle(3,1)+AddOns(9,0.5) still open, was able to recover most of is DD over night
Update: my 4hr Cycle(3,1)+AddOn(9,0.5) finally reached my EL and closed, I will now adjust the Multiplier down a bit to 0.3.
15m, Changing to 2 waits and setting ATR multiplier to 2 did calm down the number of AddOns and DD a bit, it actually recovered enough for me to manually close it down at the end of the Forex day, it was well exposed to the market with 67 trades still open.
1hr Cycle(3,2)+AddOn(9,0.5) hit the EL before getting to the NY session
1hr Cycle(4,1)+AddOns(9,0.5) hit the EL alse before NY session
1hr Cycle(3,1)+AddOn(9,1.0) spiked my SL, if I had my SL set a bit further it may have recovered similar way to the 15m and 4h setups.
4hr Cycle(3,1)+AddOns(9,0.5) still open, was able to recover most of is DD over night
Update: my 4hr Cycle(3,1)+AddOn(9,0.5) finally reached my EL and closed, I will now adjust the Multiplier down a bit to 0.3.
- #4,230
- May 1, 2019 5:34pm May 1, 2019 5:34pm
Cycle Trader v2 and v3 on different combination of TFs, from H4, changed to M15 and back to H4.
While on v2, H4 showed slow results so i switched it to M15.
On M15, v2 went to massive DD.
Then v3 was born so i changed the TS but did not close the trades. I switched back to H4 and waited for it to cycle.
It actually recovered but some trades were eaten by margin call.
This morning, i know there will be movement because of FOMC so I turned on the Basket EL.
Overall it ended with green pips.
And now i'm starting all over again with CT v3 on H1, Candle 1, 0.5 atr, Marty OFF.
I will monitor the equity this time, once it breaches the 1K pips, i will use Basket EL to keep the green pips.
Still learning
While on v2, H4 showed slow results so i switched it to M15.
On M15, v2 went to massive DD.
Then v3 was born so i changed the TS but did not close the trades. I switched back to H4 and waited for it to cycle.
It actually recovered but some trades were eaten by margin call.
This morning, i know there will be movement because of FOMC so I turned on the Basket EL.
Overall it ended with green pips.
And now i'm starting all over again with CT v3 on H1, Candle 1, 0.5 atr, Marty OFF.
I will monitor the equity this time, once it breaches the 1K pips, i will use Basket EL to keep the green pips.
Still learning
When the internal struggle ends, everything becomes easy - Mr. Douglas
- #4,233
- May 1, 2019 7:34pm May 1, 2019 7:34pm
{quote} If you are going to use EL after 1kpips anyway to protect you profits, why not use it from the start say for 0.01 Lot size that will be 100/75, which gives 750pip guarantee with potential for more if it goes for a run.
I used to do multiple entries (manually, using a different strategy) and normally if the basket reached 1K pips and it happened at the start of the week, the basket will close but then will recover without me, thus, missing some pips.
With this CT v3, I might go back doing that, especially when it is close to the weekend...thanks for the reminder
.edit: my EL is on now, we'll see.
When the internal struggle ends, everything becomes easy - Mr. Douglas
- #4,234
- May 1, 2019 8:42pm May 1, 2019 8:42pm
- | Joined Sep 2015 | Status: Trader | 1,863 Posts
{quote} I used to do multiple entries (manually, using a different strategy) and normally if the basket reached 1K pips and it happened at the start of the week, the basket will close but then will recover without me, thus, missing some pips. With this CT v3, I might go back doing that, especially when it is close to the weekend...thanks for the reminder
