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  • #761
  • May 30, 2019 7:46am May 30, 2019 7:46am
Quoting vinceyap
{image} Is there supposed to be a trade taken based on the set up above?
Yes theres a clear bullish insiderbar at the right of that big bearish candle and the RMI OVS under 30 if that is value you use..



EDITepends on value you have on RMI....Ore level is the right word..
Insanityoing same ting over expecting different results..Einstein
  • #762
  • May 30, 2019 7:50am May 30, 2019 7:50am
Quoting FXsniper111
{quote} Yes theres a clear bullish insiderbar at the right of that big bearish candle and the RMI OVS under 30 if that is value you use.. EDITepends on value you have on RMI....Ore level is the right word..
The problem is NO trade taken on my EA. Am just wondering what the issue is.
  • #763
  • May 30, 2019 8:18am May 30, 2019 8:18am
Quoting vinceyap
{quote} The problem is NO trade taken on my EA. Am just wondering what the issue is.
Show us what your journal at the bottom left of your terminal says...
  • #764
  • Edited 11:10am May 30, 2019 9:50am | Edited 11:10am
@FXsniper111 As I said I followed the instructions from the video here is the screenshot https://imgur.com/a/vxhpfL1


Update - positions are closed but with way more than 50 pips profit but at the same time? https://imgur.com/a/TYqcwGE
So something else is triggering the close?
  • #765
  • May 30, 2019 11:05am May 30, 2019 11:05am
Quoting Cubbybgood
{quote} Show us what your journal at the bottom left of your terminal says...
this is what I got from your EA......... while you hit 60% loss.....


Attached Image (click to enlarge)
Click to Enlarge Name: EAAA.png Size: 182 KB
  • #766
  • May 30, 2019 2:12pm May 30, 2019 2:12pm
Quoting paulad
{quote} this is what I got from your EA......... while you hit 60% loss..... {image}
Hi Paulad,

Sorry I've been slow about responding to emails as of late. I always tend to respond faster here on FF first. Your results look great! Careful with those risk settings though! They are bound for a blowup if you're not using them with a SL cutoff of some sort. You are using over 10X my recommended risk.

I'm still working on a SL option for the EA. I'm having trouble deciding. A lot of good options but not a lot of great ones. Makes for a tricky decision. The big changes to this EA I'm planning on making later on this year when I know how to officially code.
  • #767
  • May 30, 2019 4:09pm May 30, 2019 4:09pm
EA means expert advisor right? Are you an expert? if not stop advising and learn to trade for goodness sake
  • #768
  • May 30, 2019 4:24pm May 30, 2019 4:24pm
Quoting Divergence
EA means expert advisor right? Are you an expert? if not stop advising and learn to trade for goodness sake
You do know many traders are strictly algo traders right?
  • #769
  • May 30, 2019 4:58pm May 30, 2019 4:58pm
Quoting Cubbybgood
{quote} You do know many traders are strictly algo traders right?
do algos tell you when buyers and sellers have come into the market? answer not 1 of them can
  • #770
  • May 30, 2019 5:08pm May 30, 2019 5:08pm
Quoting Divergence
{quote} do algos tell you when buyers and sellers have come into the market? answer not 1 of them can
If we ACTUALLY knew when buyers and sellers came into the market we would all be filthy rich. The problem is... the majority of us retail traders are ALWAYS LATE on entry. The majority of us don't have the inside info or tools to compete with bank traders when it comes to volume trading.

So to answer your question...Does it really matter?
  • #771
  • May 30, 2019 5:12pm May 30, 2019 5:12pm
Quoting Cubbybgood
{quote} If we ACTUALLY knew when buyers and sellers came into the market we would all be filthy rich. The problem is... the majority of us retail traders are ALWAYS LATE. The majority of us don't have the inside info or tools to compete with bank traders.
this is true but I don't really have a problem seeing when they come in 70 to 80% of the time but this is because I learned how to trade by studying charts just saying it is possible even a caveman can do it
  • #772
  • May 30, 2019 5:42pm May 30, 2019 5:42pm
Quoting Divergence
{quote} do algos tell you when buyers and sellers have come into the market? answer not 1 of them can
Algos tells you what you program then to tell.

if you program the 123 pattern; then it will tell you when the pattern appears in the chart.

so it's really the trading skill programmed that define the results; and not the algo itself.

A good algo is as good as the trader programming it; and the quality of the program (free of bugs).
  • #773
  • May 30, 2019 5:51pm May 30, 2019 5:51pm
Quoting alphadude
{quote} Algos tells you what you program then to tell. if you program the 123 pattern; then it will tell you when the pattern appears in the chart. so it's really the trading skill programmed that define the results; and not the algo itself. A good algo is as good as the trader programming it; and the quality of the program (free of bugs).
that was my original point if your not an expert with a set up and only rely on indicator based algos based on indicators retail traders will always get in at retail prices rather than wholesale prices
  • #774
  • May 31, 2019 1:18am May 31, 2019 1:18am
Quoting Divergence
{quote} that was my original point if your not an expert with a set up and only rely on indicator based algos based on indicators retail traders will always get in at retail prices rather than wholesale prices
The big banks are the market makers and they define the market..
They definitely are not watching some indicators or price patterns and they are surely not reacting to the market.
They simply move the market up/down whenever they want to..
Besides that.. this entire market is rigged and controlled by a few big banks...
Don't believe me? here's proof https://www.ft.com/content/73163fa0-...d-7c18c0ea0201

But.. does this mean our chances are zero and we can never make money as retail traders ?
Luckily no.. there are plenty of retail traders making nice profits..
Problem most of us are losing traders is that we're all focusing on the entries.. while we should be focusing on
- our exits
- money / risk management / position sizing
- and following to our trading plan.

Lets suppose you got into a daily-trend and managed to ride it for 3 weeks and in the end you made a whopping 800 pips.
Do you really think your entry at day #1 was that important ?
Your entry could have been 100 pips off and still you would have made 700-900 pips !
Sadly... most traders are
1) reversal traders.. always trying to pick tops/bottoms instead of getting in and riding trends as long as possible
2) 100% focused on getting the 'perfect' entry using the next hot & holy grail indicator / strategy
3) switching strategies 3x a week
4) not even interested in improving their exits or learning about risk & money management
5) undisciplined and not sticking to their trading rules
  • #775
  • May 31, 2019 1:20am May 31, 2019 1:20am
Idea is very interesting. But there are few questions. What if decrease progression of lots!? And what if use another money managment!?
Another day, another candle.
  • #776
  • May 31, 2019 3:37am May 31, 2019 3:37am
My results this week
Attached Image (click to enlarge)
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  • #777
  • May 31, 2019 5:09am May 31, 2019 5:09am
Hi Guys,

My results since inception and results I can live with. I stopped tests on EurCad and AudCad a few weeks ago due to too many other tests going on. However I continue with GbpCad and looking good. There is lots of potential on other pairs.

Very simplistic and basic approach with this Ea and I do believe I am capitalizing on full potential moves and not just cutting trades short at 50 pips profit. I do not use the close all Ea at all. A set of the Ea attached.
Attached File(s)
File Type: zip RMI Cubby Wave.zip   < 1 KB | 1,038 downloads

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_100.png Size: 18 KB


Have a great weekend
Cheers
Trade to trade another day
  • #778
  • May 31, 2019 5:41am May 31, 2019 5:41am
Quoting Wavegarrick
Hi Guys, My results since inception and results I can live with. I stopped tests on EurCad and AudCad a few weeks ago due to too many other tests going on. However I continue with GbpCad and looking good. There is lots of potential on other pairs. Very simplistic and basic approach with this Ea and I do believe I am capitalizing on full potential moves and not just cutting trades short at 50 pips profit. I do not use the close all Ea at all. A set of the Ea attached. {file} {image} Have a great weekend Cheers
What indicator produces that report?
  • #779
  • May 31, 2019 7:00am May 31, 2019 7:00am
Quoting GodRa
{quote} What indicator produces that report?
Simple "trade report" which you'll find here on FF.
Cheers
Trade to trade another day
  • #780
  • May 31, 2019 11:29am May 31, 2019 11:29am
Quoting Toastmaster
Thanks Cubbybgood for this EA. I have been doing forward testing on demo account for the last 12 days (using the normal settings) and the results are... check my trade explorer and myfxbook account https://www.myfxbook.com/members/toa...r/demo/3333768 Thanks again.
This is really promising. What i like is consistency... https://www.myfxbook.com/members/toa...r/demo/3333768. Quoting Mark Douglas (Trading in the zone),
"...Creating consistency requires that you completely accept that trading isn't about hoping, wondering, or gathering evidence one way or the other to determine if the next trade is going to work. The only evidence you need to gather is whether the variables you use to define an edge are present at any given moment. When you use "other" information, outside the parameters of your edge to decide whether you will take the trade, you are adding random variables to your trading regime.
Adding random variables makes it extremely difficult, if not impossible, to determine what works and what doesn't. If you're never certain about the viability of your edge, you won't feel too confident about it. To whatever degree you lack confidence, you will experience fear. The irony is, you will be afraid of random, inconsistent results, without realizing that your random, inconsistent approach is creating exactly what you are afraid of. On the other hand, if you believe that an edge is simply a higher probability of one thing happening over another, and there's a random distribution between wins and losses for any given set of variables that define an edge, why would you gather "other" evidence for or against a trade? To a trader operating out of these two beliefs, gathering "other" evidence wouldn't make any sense.
Or let me put it this way: Gathering "other" evidence makes about as much sense as trying to determine whether the next flip of a coin will be heads, after the last ten flips came up tails. Regardless of what evidence you find to support heads coming up, there is still a 50-percent chance that the next flip will come up tails. By the same token, regardless of how much evidence you gather to support acting or not acting on a trade, it still only takes one trader somewhere in the world to negate the validity of any, if not all, of your evidence. The point is why bother! If the market is offering you a legitimate edge, determine the risk and take the trade..."
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