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  • #4,341
  • May 9, 2019 1:52pm May 9, 2019 1:52pm
Thank You to all who have been posting and sharing.

Just an Update to those who are just finding this Forum:

Please start reading from page 107 to get the full jest of what is going on here, if you don't have the time to read what has been talked about here you don't have the time to trade Forex. It takes years to even come close to learn how to trade and it is not going to happen by starting at the last page.

There is plenty of FREE software located on my Web Page for you to download and practice with and even trade for real with once you learn how to use it. There are also plenty of videos there to help you get started with the software.

Don't expect to find any Holy Grail at my Web Site as the Holy Grail does not exist despite what so called traders selling software want to lead you to believe, trading requires hard work and long hours, so do your diligence, there are no short cuts.

What I offer and the other traders in this forum offer are the tools and help to hopefully keep you going down the right path to success in trading.

As I have posted in the past, the latest software, in this case the S9 Cycle Trader, is only available to those who have downloaded software from the Web Site and who have posted results to help others here in this Forum.

Hundreds have downloaded this FREE software and as you can see only a handful have been willing to share their findings to help others, this is the reason for showing my gratitude to those who are willing to share by sending them the latest TS.

If you want to be part of this community here is what you can do:

1) READ, starting from PAGE 107, anything before that is no longer supported.

2) Download the FREE software from http://seller9.net

3) Watch the videos at the Web Site to help you get started using the software.

4) At this Forum you will find ideas as to how others are using this software.

5) Post your results, good or bad, and get input from others.

6) Once you have taken steps 1 thru 5 and I see that you want to be a part of this group and not just a GRAB and RUN trader you will be added to the list and will be able to receive the latest software that you may see in the Forum.

Everyone have a nice day
  • #4,342
  • Edited 2:33pm May 9, 2019 2:01pm | Edited 2:33pm
Not a bad week so far, may be time to add a protective basket SL.

Maybe move up to H4 and have fewer trades but still make the pips.

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  • #4,343
  • May 9, 2019 2:16pm May 9, 2019 2:16pm
Quoting seller9
Not a bad week so far, may be time to add a protective basket SL. {image}
is this on v4?
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #4,344
  • May 9, 2019 2:31pm May 9, 2019 2:31pm
Quoting lananpips
{quote} is this on v4?
Yes
  • #4,345
  • Edited 3:31pm May 9, 2019 2:59pm | Edited 3:31pm
Quoting seller9
Not a bad week so far, may be time to add a protective basket SL. Maybe move up to H4 and have fewer trades but still make the pips. {image}
If this is not the holy grail then no idea what is question for me remains as to how we reduce DD and apply a well adjusted Basket SL for smaller accounts in one n done scenarios. Meantime here are some daily M15, H1 and H4 test results from start of Tokyo and NY open. Thank you Gene!
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  • #4,346
  • May 9, 2019 3:34pm May 9, 2019 3:34pm
Quoting seller9
Not a bad week so far, may be time to add a protective basket SL. Maybe move up to H4 and have fewer trades but still make the pips. {image}
Hi Gene your DB seems to be running on M15; just to confirm are you running this in conjunction with H4 charts on Cycle Trader TS v4 in this test result? Also what start time (market open) and period of time does this represent please?

Thanks
  • #4,347
  • May 9, 2019 4:53pm May 9, 2019 4:53pm
Quoting fairtraderuk
{quote} Hi Gene your DB seems to be running on M15; just to confirm are you running this in conjunction with H4 charts on Cycle Trader TS v4 in this test result? Also what start time (market open) and period of time does this represent please? Thanks
The charts were M15 in that test along with the DB on M15. This test started the week 2 minutes after London open and I just let it run non stop.

Start times have been different as I have been stopping and starting as I make possible changes to the TS as I try them.

I normally start the new week 2 minutes after London opens and then let it runn the rest of the week non stop.
The reason for that start is I want to try and get into possible the GREEN a little sooner as that is when there is more activity, gives me a little green buffer to work against.

I will probably next week do my tests all on the H4 as you get fewer but longer trades.
  • #4,348
  • May 9, 2019 5:00pm May 9, 2019 5:00pm
Quoting fairtraderuk
{quote} If this is not the holy grail then no idea what is question for me remains as to how we reduce DD and apply a well adjusted Basket SL for smaller accounts in one n done scenarios. Meantime here are some daily M15, H1 and H4 test results from start of Tokyo and NY open. Thank you Gene! {image} {image} {image} {image} {image}
My 15m CycleV4 with RSI(1440,2,5,79,21) filter on London start were my only setups to hold their DD below my SL setting today (750pips). Looking at some of your results you had some very Large DDs before eventual hitting target. When the DB is started can make a big difference in the DD figures it appears.

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  • #4,349
  • May 9, 2019 5:16pm May 9, 2019 5:16pm
Quoting JustUncleL
{quote} My 15m CycleV4 with RSI(1440,2,5,79,21) filter on London start were my only setups to hold their DD below my SL setting today (750pips). Looking at some of your results you had some very Large DDs before eventual hitting target. When the DB is started can make a big difference in the DD figures it appears. {image} {image}
Thanks for the feedback also to Gene; indeed start time continues to make all the difference as to when we enter the green and it appears London open (missing from my setups today) is coming in as a top favourite. Would be great to see DD coming in consistently below 1000 pips with some help from RSI and/or H4 on LON open. Also EL of 500/250 seems to be more fitting although not sure I would go with it on live trading initially. Cheers
  • #4,350
  • May 9, 2019 5:37pm May 9, 2019 5:37pm
DB 1Hr Charts 15m S9 Cycle Trader v4

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Earle
  • #4,351
  • May 9, 2019 5:44pm May 9, 2019 5:44pm
Here's my result 1st day using Cycle Trader v4. I'm trying it in H4 time frame with the S9 Dashboard at Daily. Only used EUR, GBP & USD pairs, Trading session start of London session and 1st half of U.S session. All other settings are at default. Unlike the 15 mins which I used before less trades but more profitable ones. Will try this for a week and see what happens.

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  • #4,352
  • Edited 6:29pm May 9, 2019 6:11pm | Edited 6:29pm
Quoting fairtraderuk
{quote} Thanks for the feedback also to Gene; indeed start time continues to make all the difference as to when we enter the green and it appears London open (missing from my setups today) is coming in as a top favourite. Would be great to see DD coming in consistently below 1000 pips with some help from RSI and/or H4 on LON open. Also EL of 500/250 seems to be more fitting although not sure I would go with it on live trading initially. Cheers
Some more thoughts: I think starting on London open maybe a good option, particularly on Monday's where the Asian market mostly consolidates. As for finding the right SL balance, it maybe be a bit of trial and error, personally I believe, if you are going to use a SL, then the SL should be no more than 2x expected profit levels for example with EL 500pip/250pip we can expect 750 to 1000pip profits on average so I set my SL to 750pips. The alternative is not to use a SL and just size your account and lot sizes to match, however, as seen in some past results sometimes DD becomes too large to recover within a reasonable space of time (that's two days at most for me).

PS: Also if we use an open ended DD, then we should also use a fairly open ended TP with a broad EL setting or a large TP of at least 1000pips or more.

PSS: Another idea I have is to start two DB with the same TS settings and lot sizes, one DB would have a fixed TP of say 500pips and the other DB would have a EL of 500pips/10pips in case the TS goes for a run. The Brokers I use allow multiple accounts within the same user, so this should be feasible.
  • #4,353
  • May 9, 2019 6:52pm May 9, 2019 6:52pm
Quoting JustUncleL
{quote} Did you read Eugene's explanations on what can happen with fast price movements in posts 4318 and 4319. Also CycleV4 is an attempt to handle fast price movements better.
Yes I read his posts however if you look at the charts that I posted it is obvious that there was no fast price action, and there is no order grid. It almost looks like I have v2 attached to the chart.
I will close down all the trades by the week's end and replace v3 with v4.

Gene, can you shed any light on how the ATR is calculated within the Cycle Trader TS?
I have mine set to 2 with 9 addons so I would expect that for a pair like USDCHF which had an ADR of 61 that the 9 addons would be spread over a 120 pip range however when I check the addon grid it is spread out over 315 pips.
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The idea of allowing trades to close out from swing point to swing point appears to have some merit, certainly this week. It has been a good week for my HR1 setup
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  • #4,354
  • May 9, 2019 7:14pm May 9, 2019 7:14pm
Quoting Jstan
Here's my result 1st day using Cycle Trader v4. I'm trying it in H4 time frame with the S9 Dashboard at Daily. Only used EUR, GBP & USD pairs, Trading session start of London session and 1st half of U.S session. All other settings are at default. Unlike the 15 mins which I used before less trades but more profitable ones. Will try this for a week and see what happens. {image}
Hi Jstan,

Can you tell us what your logic is behind having the TS on a H4 and the DB on a Daily chart?
Price action may breach your order grid by a long way but you are only allowing the TS to take 1 trade per day, and you have cut your allowable trading hours in half.
How are you expecting your grid orders to be filled?
Personally for a gridstyle system I set the the DB to the same TF as the TS or even lower, to allow the DB to take the trades if the price grid is breached, particularly if there happens to be fast moving price action.
  • #4,355
  • May 9, 2019 7:20pm May 9, 2019 7:20pm
Quoting Pip Poppy
{quote} Yes I read his posts however if you look at the charts that I posted it is obvious that there was no fast price action, and there is no order grid. It almost looks like I have v2 attached to the chart. I will close down all the trades by the week's end and replace v3 with v4. Gene, can you shed any light on how the ATR is calculated within the Cycle Trader TS? I have mine set to 2 with 9 addons so I would expect that for a pair like USDCHF which had an ADR of 61 that the 9 addons would be spread over a 120 pip range however when I check...
For Long Trade ;
j is the add number 1 to 9

valAdd = (2*Add_To_Trade_ATR_Multiplier)*iATR(NULL,0,7,0);

if(j==1) valAdd2 = Close[0]-(j*valAdd);
if(j==2) valAdd2 = Close[0]-((j*valAdd)*0.975);
if(j==3) valAdd2 = Close[0]-((j*valAdd)*0.962);
if(j==4) valAdd2 = Close[0]-((j*valAdd)*0.946);
if(j==5) valAdd2 = Close[0]-((j*valAdd)*0.870);
if(j==6) valAdd2 = Close[0]-((j*valAdd)*0.811);
if(j==7) valAdd2 = Close[0]-((j*valAdd)*0.750);
if(j==8) valAdd2 = Close[0]-((j*valAdd)*0.700);
if(j==9) valAdd2 = Close[0]-((j*valAdd)*0.650);
  • #4,356
  • May 9, 2019 7:40pm May 9, 2019 7:40pm
Quoting Pip Poppy
{quote} Yes I read his posts however if you look at the charts that I posted it is obvious that there was no fast price action, and there is no order grid. It almost looks like I have v2 attached to the chart. I will close down all the trades by the week's end and replace v3 with v4. Gene, can you shed any light on how the ATR is calculated within the Cycle Trader TS? I have mine set to 2 with 9 addons so I would expect that for a pair like USDCHF which had an ADR of 61 that the 9 addons would be spread over a 120 pip range however when I check...
From Seller9's recent post #4355 I see the levels are based on the current time frame ATR(7) not the daily ADR (code: iATR(NULL,0,7,0).

Also when I look at your sample charts in your post #4314, then both sample charts show stacking of levels on top of each other as described by Seller9. Unless you are referring to another post.
  • #4,357
  • May 9, 2019 8:04pm May 9, 2019 8:04pm
Quoting JustUncleL
{quote} From Seller9's recent post #4355 I see the levels are based on the current time frame ATR(7) not the daily ADR (code: iATR(NULL,0,7,0). Also when I look at your sample charts in your post #4314, then both sample charts show stacking of levels on top of each other as described by Seller9. Unless you are referring to another post.
Yes, that is the post I am referring to.
Are suggesting that the grid is dynamic and will close up when the time frame is in a tight range?
If you look at my second chart in that post the ATR (7) has a nice wide range and in no way should grid orders be stacked at virtually the same order price.
I don't believe your assessment is correct and it is also not Seller9's intention to have the orders stack in that manner. That was the whole reason he developed the grid in the first place, to get away from having orders open at the same price level.
At any rate, both of those charts (and others) have now closed and the stacking has probably contributed to the profit line.
I will set up version 4 over the weekend and keep an eye it.

Thank you Gene for your explanation of how the grid is designed. I am not a coder but am able to have a little understanding of what you are trying to achieve and I will try out some maths and see if I can come up with the same grid price levels as what is showing on the chart.
  • #4,358
  • May 9, 2019 8:15pm May 9, 2019 8:15pm
Has been all smiles today realizing the potential of the cycle TS. Then I see the results that Gene had for the week, not bad Gene.

Had a couple trades with Cycle v4 drop through all 9 adds last night and they all added, there was a little slop between a few of the trades but not enough to worry about. It has been extremely satisfying watching this system work. Going to leave my H4 and H1 open over the weekend to see how they handle the Monday gap. I had good luck last weekend opening a little bit after the week started, had a lot of H4 signals from the gap that turned into a crazy good Monday. Not sure if that was a one off or not. Anyhow here are a few screenshots.

Currently looking for the best multiplier for each time frame is, this was .7 on H1. For me this is ideal, it almost hits all 9 leaving room for a bigger drop if the market decides to.

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Here we have H1 with .5 on the same pair (EURJPY) with the same broker. It blew through the 9 adds and the slop between trades was a little more pronounced, yes and in the grand scheme the slop is moot, this is ending up to be a fantastic trade.

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And here are some results, Enjoy

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  • #4,359
  • May 9, 2019 9:01pm May 9, 2019 9:01pm
Quoting Pip Poppy
{quote} Yes, that is the post I am referring to. Are suggesting that the grid is dynamic and will close up when the time frame is in a tight range? If you look at my second chart in that post the ATR (7) has a nice wide range and in no way should grid orders be stacked at virtually the same order price. I don't believe your assessment is correct and it is also not Seller9's intention to have the orders stack in that manner. That was the whole reason he developed the grid in the first place, to get away from having orders open at the same price level....
There is no guarantee that orders will be filled at the price where the add grid line is as they are market orders and are at the mercy of the Broker at what price they will get filled along with slippage and other issues.
  • #4,360
  • May 9, 2019 9:14pm May 9, 2019 9:14pm
Quoting alula
Has been all smiles today realizing the potential of the cycle TS. Then I see the results that Gene had for the week, not bad Gene. Had a couple trades with Cycle v4 drop through all 9 adds last night and they all added, there was a little slop between a few of the trades but not enough to worry about. It has been extremely satisfying watching this system work. Going to leave my H4 and H1 open over the weekend to see how they handle the Monday gap. I had good luck last weekend opening a little bit after the week started, had a lot of H4 signals...
That is a very nice grid size for that pair and has worked out exactly as intended - a very nice progression of trades
Compare your 0.7 ATR multiplier to my 2.0 multiplier and I can see that I need to reduce it substantially.
Great results alula!

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