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  • #341
  • May 10, 2019 7:12am May 10, 2019 7:12am
Quoting smartcash
Hi Cubby, On 12.mars 2018 GBPCAD opened a long trade and gave us a huge DD. I have a question/suguestion: In that trade there were a lot of other setups that would have triggered, both in the opposite direction and the same. Have you tested to have multiple "sets" open at the same time and to work together in a basket for the 50pip target? (another kind of hedge, triggered by a valid setup) Or these sets could close out on its own 50pip target, minimizing the DD. I om not 100% sure but would this help on the DD? Smartcash
Another good suggestion!

This is something I've actually overlooked because the EA was always intended on running at OANDA and US regulated brokers. This would potentially give us a bit less DD as it would give us a slight hedge. The hedge wouldn't be huge but it would be something. We could also have these opposite trades take a 50 pip profit as well instead of waiting for 50 total pips amongst all trades. Still something to explore here. This may be the first change I work on with the EA in the next version.
  • #342
  • May 10, 2019 7:36am May 10, 2019 7:36am
Quoting Cubbybgood
{quote} Another good suggestion! This is something I've actually overlooked because the EA was always intended on running at OANDA and US regulated brokers. This would potentially give us a bit less DD as it would give us a slight hedge. The hedge wouldn't be huge but it would be something. We could also have these opposite trades take a 50 pip profit as well instead of waiting for 50 total pips amongst all trades. Still something to explore here. This may be the first change I work on with the EA in the next version.
Cool, looking forward to this. Let us know if we can help out in any way

Thanks again for this really smart EA.

Smartcash
  • #343
  • May 10, 2019 8:00am May 10, 2019 8:00am
Hello Guys,

I got an Alert from the EA that the Spread has gone up to 17 pips and its over 10 pips, as per the Spread Filter. No trade was opened. As far as I can see on the GBP/CAD 30M there is no criteria for open position any way. So I guess that was only an alert for the Spread.

Thanks
Senan
  • #344
  • May 10, 2019 8:08am May 10, 2019 8:08am
Quoting Cubbybgood
{quote} Hahaha! Well, I would guess this strategy with the current settings would bring me 20-30% per month which in my terms, is almost overshooting. In an ideal world I would love to keep DD under 10%. Pushing that much profit each month, I'm hoping to keep DD under 30% which I think is possible here. I may have a DD cut off with this type of system if it get's too high. I'll just play it by ear. I can't really be backtested with this system as it requires multi-pair trading.
You can have it coded in MT5 which supports that type of BT
Some people say I'm lucky, but the more I practice the luckier I get
  • #345
  • May 10, 2019 9:36am May 10, 2019 9:36am
You (Cubby) need to have an anti-Martingale strategy to keep your drawdowns far less than what you're observing. That way, you're adding to winners, exiting with your heaviest position in your favor and you're always dumping losers when you are holding your lightest positions. You can grow your individual lot size more rapidly doing this. Your way, the individual lot sizes can't grow to any level of significance because too much has to stay in reserve for your Martingale to not send you to the poor house.

Go the other direction in your thinking. That is, find a way to put your "grid" on the opposite side it's currently on in every trade you take. It's simple math that works and is far easier on the emotions, aside from being significantly more profitable over time. When the grid, aka decision points in your adding strategy, is on the positive side of your trade sequence, only thing you have to do to manage it well is to ensure that the last add-on is the only one that is allowed to take a loss, not letting price cascade back into any of the other profitable positions. Worst case scenario, your last add-on is a loser and your second to last add-on is a breakeven. Better on the soul though to try and get out after X number of adds and get profits on all of them or worst case, breakeven on just the last one.

You're better off switching now to the micro e-mini futures contracts which are 1/10th the size of the e-mini futures specs and you can afford their margin requirements. They have far, far better trends than Forex day-in and day-out on 1-5 min charts. Apply an anti-Martingale strategy to them (Nasdaq 100, Dow, Russell 2K micro e-mini futures) and you won't have to worry about funding your formal educational goals.
  • #346
  • May 10, 2019 9:56am May 10, 2019 9:56am
Nice series of gbp/cad just completed. I started using the EA May 6th gain is about 1.5% since , strictly adhering to the set files. Thanks)))
  • #347
  • Edited 11:47am May 10, 2019 11:17am | Edited 11:47am
Thanks to cubby for sharing a great ea for free.

I am very much looking forward to test it live very soon.
It's not perfect but it looks like a survivor. I've developed some ea's myself and i know how hard it can be to even start with a.) Profitable strategy and b.) Avoiding curve fitting. I like how this thing is broker independent as well, since i hate ea's like that.

Cubby you said you are running this strategy for the past 6 or 7 years if I am not mistaken. Would you mind sharing your thoughts on your experiences regarding your live account.? I mean how big were average yearly DD and profits . How many times did you manually interfer in this period or did you just let it run? Btw, I have watched your videos which are great but maybe i missed some of those details.
The biggest risk is not taking a risk.
  • #348
  • May 10, 2019 12:16pm May 10, 2019 12:16pm
Been running the EA for a week and so far so good. I noticed it takes grid trades every 20 pips. Not sure how i feel about that. Isn't it better if it only takes extra trades in the same direction if the conditions are met again? The grid turns this into a martingale strategy on multiple pairs. Sure you can hedge and get lucky for a very long time but you know the risks with that.
  • #349
  • May 10, 2019 2:06pm May 10, 2019 2:06pm
can you give some detail on how to baktest it properly considering there are Indicators and other exe4 parameters.

Or can you make a backtest video.
  • #350
  • May 10, 2019 2:38pm May 10, 2019 2:38pm
Nice result...Do we have to change the Magic number for each pair, or can we run the same on all three pairs?
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  • #351
  • May 10, 2019 4:38pm May 10, 2019 4:38pm
Quote
Cubby you said you are running this strategy for the past 6 or 7 years if I am not mistaken. Would you mind sharing your thoughts on your experiences regarding your live account.? I mean how big were average yearly DD and profits . How many times did you manually interfer in this period or did you just let it run? Btw, I have watched your videos which are great but maybe i missed some of those details.

Just found another video of yours. It has all been explained. No worries.
The biggest risk is not taking a risk.
  • #352
  • May 10, 2019 4:40pm May 10, 2019 4:40pm
Quoting Cubbybgood
{quote} Another good suggestion! This is something I've actually overlooked because the EA was always intended on running at OANDA and US regulated brokers. This would potentially give us a bit less DD as it would give us a slight hedge. The hedge wouldn't be huge but it would be something. We could also have these opposite trades take a 50 pip profit as well instead of waiting for 50 total pips amongst all trades. Still something to explore here. This may be the first change I work on with the EA in the next version.
Hi again,

Have been looking more into this now.
I think we need to have some rule that do something like this (after looking at the NZDCAD DD starting 30.oct 2018):
- When into xx pips in DD only add new "sets" in the opposite direction

Regardless of this above rule
- These inside setups are best when both candles are "healthy" meaning pins/doji's are'nt the best
- Also the setups works very good right after a big/rapid move (relative to the market)

And how about also look into the H4 and Daily RMI vaules. Attached is a daily NZDCAD chart. The lines are setups on the H1. The red line is the RMI cross.
- So like i say over, after xx pips in DD only add new "sets" in the opposite direction until the daily RMI crosses down below 85 (or a other value if the works better on the Daily).
- Then we could also start to add "sets" in the same direction.
- The daily chart would also help us (or the EA) to se how the big trend is going.
- This will most probably decrease the DD -> but we need to forward test this of course.

Have a nice weekend guys!
Smartcash
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  • #353
  • Edited May 11, 2019 4:45am May 10, 2019 5:35pm | Edited May 11, 2019 4:45am
Hi Ryan!

I followed you a few years ago, followed your youtube channel ever since and tried to replicate your trading back in 2017~2018 (did not go so well haha)

My question is this - you said you were done with forex like a month+ ago, that you werent profitable since starting your youtube channel etc.

What changed from then till now? why are you back at it again?

Good to see you back, not trying to put you down or anything..

Gonna give your EA a shot next month!
  • #354
  • May 11, 2019 6:01am May 11, 2019 6:01am
Quoting CLTrader
You (Cubby) need to have an anti-Martingale strategy to keep your drawdowns far less than what you're observing. That way, you're adding to winners, exiting with your heaviest position in your favor and you're always dumping losers when you are holding your lightest positions. You can grow your individual lot size more rapidly doing this. Your way, the individual lot sizes can't grow to any level of significance because too much has to stay in reserve for your Martingale to not send you to the poor house. Go the other direction in your thinking....
Quoting trickshady
Been running the EA for a week and so far so good. I noticed it takes grid trades every 20 pips. Not sure how i feel about that. Isn't it better if it only takes extra trades in the same direction if the conditions are met again? The grid turns this into a martingale strategy on multiple pairs. Sure you can hedge and get lucky for a very long time but you know the risks with that.
My intention with building this system was to protect the account from losses. I haven't explored this idea with this system yet. Still, I did briefly look into it this weekend. If I took trades only in the same positive direction, meaning with the trend, trades would be in for days, weeks or even months which I'm not too happy about... Still, There is potential for profit here I believe. I have definitely, explored this idea with many of my other EA's in the past. It's worth exploring in future versions of this EA though. I do think having the system on a positive 20 pip grid could lead to just a bunch of BE trades because of the nature and volatility of these 3 pairs. The 20 pip grid may need to be widened in order for this idea to work. A lot of possibilities here but it changes the system in a HUGE way. No guarantees on it working but it's worth a shot.
  • #355
  • Edited May 12, 2019 6:27am May 11, 2019 8:12am | Edited May 12, 2019 6:27am
Quoting leppozdrav
Thanks to cubby for sharing a great ea for free. I am very much looking forward to test it live very soon. It's not perfect but it looks like a survivor. I've developed some ea's myself and i know how hard it can be to even start with a.) Profitable strategy and b.) Avoiding curve fitting. I like how this thing is broker independent as well, since i hate ea's like that. Cubby you said you are running this strategy for the past 6 or 7 years if I am not mistaken. Would you mind sharing your thoughts on your experiences regarding your live account.?...
Quoting Timnyman94
Hi Ryan! I followed you a few years ago, followed your youtube channel ever since and tried to replicate your trading back in 2017~2018 (did not go so well haha) My question is this - you said you were done with forex like a month+ ago, that you werent profitable since starting your youtube channel etc. What changed from then till now? why are you back at it again? Good to see you back, not trying to put you down or anything.. Gonna give your EA a shot next month!

Yes, as you mentioned, I have talked about this in quite a few of my past videos. I've been using this EA with the 3 pairs off and on for since the beginning of 2018. March and October were heavier months for DD. 20-25% DD in March and -35% DD in October. January, Feb, April, May, June, July, August and September I don't remember DD being being over 10%. I stopped using the EA after the big October DD when I closed out all trades manually for a 35% loss. Before 2018, I used the system off and on usually in tandem with other systems. It was difficult to track it's performance. Still I've been constantly working on improving it's filters, and methodology for the past 6 or so years. I have been using it in some form for around 5-6 years.

I have been bouncing back and forth about quitting forex because of the constant struggle regarding my manual trading. My EA's have NEVER lost (big) but I get impatient with them as they are slower movers. I've always wanted to be a good manual trader. I've had my moments but overall, I eventually over risk. I actually lost my main larger trading account because I was trying to manually hedge out the October 2018 35% EA DD. As mentioned, the EA would have come out into profit if I would have left in those trades just 48 hours longer. Unfortunate timing and a REALLY bad call on my part trying to manually hedge out my personal EA trading account positions when the market was starting to reverse.

The problem with my manual trading was that the strategy, risk and methodology was ALWAYS very inconsistent.

It's been pretty nuts how completely opposite my EA approach is compared to my manual trading though. I look for long-term potential strategies with lower profit and DD expectations. If I would have transitioned my trading to only EA back 7 or so years ago and kept it that way, I would be in a VERY good place right now. Some how I thought I could never be a true trader without also being a good manual trader. I still think this sometimes and I'm sure others do as well but...I do think I have something to offer when it comes algorithmic trading. My algo's are able to build upon my trading strengths while minimizing on my personal weaknesses.

Anyway, I love trading and and will continue to build intelligent alog's. I'm learning to be a full stack coder starting in August. I will be learning to code MQL4 as well. I hope to build my own EA's in the near future instead of hiring professional help to do it.
  • #356
  • May 11, 2019 8:17am May 11, 2019 8:17am
Having some trouble with the EA. On one demo account it placed a buy GBPCAD trade at 1.75022 and took profit at 1.75073.

But on another demo account it placed a trade at 1.75025 and hasnt taken profit. Both have same settings.
  • #357
  • May 11, 2019 9:52am May 11, 2019 9:52am
Quoting GodRa
Having some trouble with the EA. On one demo account it placed a buy GBPCAD trade at 1.75022 and took profit at 1.75073. But on another demo account it placed a trade at 1.75025 and hasnt taken profit. Both have same settings.
Obvius that has to do with spread and data feed of the brokers no brokers are the same.
Insanityoing same ting over expecting different results..Einstein
  • #358
  • May 11, 2019 10:51am May 11, 2019 10:51am
Quoting FXsniper111
{quote} Obvius that has to do with spread and data feed of the brokers no brokers are the same.
But why wouldn't the EA take profit as the price on both accounts reached 1.75073?
  • #359
  • May 11, 2019 11:34am May 11, 2019 11:34am
Quoting GodRa
{quote} But why wouldn't the EA take profit as the price on both accounts reached 1.75073?
what abaut your spreads??mine closed at 1.74901 so there you go with different brokers and computers
Insanityoing same ting over expecting different results..Einstein
  • #360
  • May 11, 2019 2:29pm May 11, 2019 2:29pm
My trade was in profits and I do not close either, now I open a new operation and it has 0.02 lost.
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