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  • #4,821
  • Jun 18, 2019 6:45pm Jun 18, 2019 6:45pm
Quoting JustUncleL
{quote} I started the same setup on Monday and had a huge scary DD, before it eventually recovered on Tuesday, probably around your 2k time. I had increased my lot size to 0.05 up from 0.02. Looks like I should drop it back to 0.02 with the full Marty, I had two pairs hit 9 Addons and beyond. {image} PS: I just noticed I had this setup on 1hr charts instead of 4hr, Whoops....
Indeed I had the same outcome yesterday using 0.1 lot with @ 850 pips DD which came back during the course of today to close with @ 250 pips in EQ. Apologies no graph saved as it was supposed to be a day trade however my key take away was the setup should have been closed even with a nominal loss during the quiet Monday afternoon and restarted at my normal time of Tokyo open to gather the 500 pips demonstrated in my graph above instead of being left open overnight in the hope of a recovery soon. That's a personal opinion of course.

This also brings me back to the topic of the much necessary Basket SL and setting a modest limit here to ensure a potential 60/40 win loss ratio works in our favour. I am therefore in full agreement with your earlier view that a true fire and forget system should be fully parameterized so that it can be left to make either a profit or a loss so long as (in my opinion) it supports the ratio.
  • #4,822
  • Jun 18, 2019 7:04pm Jun 18, 2019 7:04pm
Quoting fairtraderuk
{quote} Indeed I had the same outcome yesterday using 0.1 lot with @ 850 pips DD which came back during the course of today to close with @ 250 pips in EQ. Apologies no graph saved as it was supposed to be a day trade however my key take away was the setup should have been closed even with a nominal loss during the quiet Monday afternoon and restarted at my normal time of Tokyo open to gather the 500 pips demonstrated in my graph above instead of being left open overnight in the hope of a recovery soon. That's a personal opinion of course. This...
Agreed, just waiting for the new Cycle TS before I worry too much about that. With trying to catch reversal you can get into big DD before it swings, whereas trading smaller swings with the trend should produce smaller DD, this is demonstrated by "Pip Poppy"s setup in post #4805 with the manual 200MA direction settings.
  • #4,823
  • Jun 18, 2019 7:08pm Jun 18, 2019 7:08pm
My D1 setups are recovering nicely, slowly as expected but nicely.

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Left my H1 setup over the weekend, I'll leave a D1 trade over the weekend any time of the year all year until my signal tells me to get out, anything with H1... forget it! Every time I test it out I hit my stop within the opening day. Trying to let this one work its self out. I have JustUncleLs point of view, stop after one, start again the new day; the hard part i have with this is after 2 or 3 days there could be big results with marty (i guess in either direction)

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  • #4,824
  • Jun 18, 2019 7:10pm Jun 18, 2019 7:10pm
Day two of the RSI+HAS on H4, not looking as good as previous day....

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  • #4,825
  • Jun 18, 2019 7:37pm Jun 18, 2019 7:37pm
Just for interest here is my draft of the TradingView version of the Cycle TS with Ichimoku+Fractals

https://www.tradingview.com/x/fbXAqa1C/

the Purple Triangles are where I am going place Profit AddOns.
  • #4,826
  • Jun 18, 2019 7:44pm Jun 18, 2019 7:44pm
Another day - another basket.
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  • #4,827
  • Jun 18, 2019 8:24pm Jun 18, 2019 8:24pm
Quoting JustUncleL
Just for interest here is my draft of the TradingView version of the Cycle TS with Ichimoku+Fractals https://www.tradingview.com/x/fbXAqa1C/ the Purple Triangles are where I am going place Profit AddOns.
I like it! Could you make a PDF pointing your ideas out, I think I have a grasp on most of it, but I think there is much to learn.

My one concern with crypto vs fx is that crypto is a one-way market the little people want it to go up because they have no clue and the "whales" do as they please.

I guess that is not so different from forex and the banks, but the edge is the little people are looking for gains going up in crypto, the concept of shorting is unimaginable to someone who just signed up on Coinbase. That said i still trade in that world, just different strategies than forex, the manipulation is real and easy to see. Forex manipulation is a little more finessed as the banks need to skirt laws.

And on a sad note, Binance just gave us US citizens the boot! Sad because they are clearly the current best crypto broker at the moment, I have way too many 2FAs in that world, and that is a completely different fantastic story.

Ha! ok, little unneeded rant over, I would really like to see the results of your venture into crypto. My current systems are very basic, low volume ranging and averaging down under giant bases, then keeping profit in that coin as free money for the future.

Ok, this has gone too far off topic sorry everyone
  • #4,828
  • Jun 18, 2019 10:14pm Jun 18, 2019 10:14pm
Quoting alula
{quote} I like it! Could you make a PDF pointing your ideas out, I think I have a grasp on most of it, but I think there is much to learn. My one concern with crypto vs fx is that crypto is a one-way market the little people want it to go up because they have no clue and the "whales" do as they please. I guess that is not so different from forex and the banks, but the edge is the little people are looking for gains going up in crypto, the concept of shorting is unimaginable to someone who just signed up on Coinbase. That said i still trade in that...
I can make a PDF describing my current Rules entry and exit, it is not completely off topic as my proposed CycleV6 Ichimoku rules are based on the same idea. Although the Crypto discussion is a bit off topic, but I am sympathetic to your thoughts on the matter.

BTW: I now have a working BOT model ready for testing.
  • #4,829
  • Edited Jun 19, 2019 4:19pm Jun 18, 2019 11:36pm | Edited Jun 19, 2019 4:19pm
Quoting alula
{quote} I like it! Could you make a PDF pointing your ideas out, I think I have a grasp on most of it, but I think there is much to learn. My one concern with crypto vs fx is that crypto is a one-way market the little people want it to go up because they have no clue and the "whales" do as they please. I guess that is not so different from forex and the banks, but the edge is the little people are looking for gains going up in crypto, the concept of shorting is unimaginable to someone who just signed up on Coinbase. That said i still trade in that...
Here is a PDF describing the Ichimoku + Fractals BOT entry and exit rules. Let me know if you find any typos....

Attached File(s)
File Type: pdf Ichimoku and Fractals BOT.pdf   174 KB | 997 downloads


Revised 20 June.
  • #4,830
  • Jun 19, 2019 3:48am Jun 19, 2019 3:48am
Today's basket closed nice and early - 1.5 hours after London open.
Will re-set tomorrow
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  • #4,831
  • Jun 19, 2019 5:07am Jun 19, 2019 5:07am
Quoting Pip Poppy
Today's basket closed nice and early - 1.5 hours after London open. Will re-set tomorrow {image}
Nice one Pip Poppy you're certainly catching those pips daily with this setup I'm looking forward to Gene's automated version in v6
  • #4,832
  • Jun 19, 2019 5:31am Jun 19, 2019 5:31am
Quoting Pip Poppy
Today's basket closed nice and early - 1.5 hours after London open. Will re-set tomorrow {image}
I concur regarding using a long-term MA to filter trade direction at start of day is working well even on Cycle_V4. I'm using a slightly different setup 200ema, Cycle(2,1) but getting similar results, TYO open start:

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  • #4,833
  • Jun 19, 2019 9:38am Jun 19, 2019 9:38am
Quoting JustUncleL
{quote} Here is a PDF describing the Ichimoku + Fractals BOT entry and exit rules. Let me know if you find any typos.... {image}
Thanks, all is clear now.
  • #4,834
  • Jun 19, 2019 12:03pm Jun 19, 2019 12:03pm
Quoting Pip Poppy
Today's basket closed nice and early - 1.5 hours after London open. Will re-set tomorrow {image}
Here is the H4 comparison for today's Cycle Trader with RSI filtering; interesting to see slower development of EQ. The H1 version clearly does a nice hit and run with higher DD potential but also far larger profits. Nice one and something for me to test against in v6. Cheers
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  • #4,835
  • Jun 19, 2019 4:09pm Jun 19, 2019 4:09pm
Quoting fairtraderuk
{quote} Here is the H4 comparison for today's Cycle Trader with RSI filtering; interesting to see slower development of EQ. The H1 version clearly does a nice hit and run with higher DD potential but also far larger profits. Nice one and something for me to test against in v6. Cheers {image}
My H4 RSI setup is virtually the same as yours, but after my huge DD blowout with the same setup on H1 on Monday/Tuesday I was not too keen to try it again.

Here are some other results from Wednesday:

H1 BasketTrader_V9: slight change to setup
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H1 HAS_V1: tried a new setup idea
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H4 Cycle_V4: Cycle(2,0)+RSI(240,4) nice result
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H1 Cycle_V4: JPY Pairs Cycle(2,1) - hit TP twice
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H1 Cycle_H4: GBP Pairs Cycle(2,1)+200ema Direction - hit target twice, but second one had huge DD.
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  • #4,836
  • Jun 19, 2019 7:28pm Jun 19, 2019 7:28pm
Day 3 of the RSI+HAS test

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  • #4,837
  • Jun 19, 2019 7:56pm Jun 19, 2019 7:56pm
Quoting JustUncleL
{quote} My H4 RSI setup is virtually the same as yours, but after my huge DD blowout with the same setup on H1 on Monday/Tuesday I was not too keen to try it again. Here are some other results from Wednesday: H1 BasketTrader_V9: slight change to setup {image} H1 HAS_V1: tried a new setup idea {image} H4 Cycle_V4: Cycle(2,0)+RSI(240,4) nice result {image} H1 Cycle_V4: JPY Pairs Cycle(2,1) - hit TP twice {image} H1 Cycle_H4: GBP Pairs Cycle(2,1)+200ema Direction - hit target twice, but second one had huge DD. {image}
Hi,

I have been running H1 with RSI on 1440 and been getting consistent baskets. Like you I had a large DD on Monday/Tuesday however it did come back and close the basket in profit. DD on 0.02 Lots was around $700 which I could probably live with in a live account if it only hit that once a month! Still looking promising and definitely more consistent baskets with having a direction filter like RSI. Gene's new additions and your input on the Ichimoku might be just the ticket.

I have still been having an issue with the TS taking all the trades (entry & add-ons) in a very short time, don't know if anyone else has experienced this? I will post some pics as I took some journal shots too.

Thanks, Matt.
  • #4,838
  • Jun 19, 2019 8:03pm Jun 19, 2019 8:03pm
Hi Gene,

I have attached some screen shots which shows the TS opening the first and then most if not all the add-on trades in a very short space of time. It also shows that the trades started quite some bars ago however you will see in the Journal that it was all in the current bar.

My trading time for that session is set to 12:05:00 so the session had just opened. This happens quite a bit sometimes and on different pairs.

This happened on AUDNZD and USDCAD today at the Tokyo session. I am running v4 of the TS and v10 DB

Thanks, Matt.

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  • #4,839
  • Jun 19, 2019 8:13pm Jun 19, 2019 8:13pm
Quoting JustUncleL
{quote} Here is a PDF describing the Ichimoku + Fractals BOT entry and exit rules. Let me know if you find any typos.... {image} Revised 20 June.
OK, here is one I think abides by your entry rules.

What are the pros and Cons of take it or not and if not why?

Do we need another rule to stay out of this possible late entry?

Maybe present cloud opposite color of future displaced cloud to get you in at the start or first break of cloud.

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  • #4,840
  • Edited 9:19pm Jun 19, 2019 9:04pm | Edited 9:19pm
Quoting seller9
{quote} OK, here is one I think abides by your entry rules. What are the pros and Cons of take it or not and if not why? Do we need another rule to stay out of this possible late entry? Maybe present cloud opposite color of future displaced cloud to get you in at the start or first break of cloud. {image}
I was not expecting you to use my Ichimoku+Fractals Rules, they were just provided because they were asked for by a fellow trader out of interest. But I am pleased that you have shown interested in them, they are based on the information I have from studying highly probable entries from Ichimoku expert's training videos. I have also used these rules in manual trading previously, but I don't like manual trading as I start to get emotional about the trades, so I started making a BOT on TradingView to perform the task without emotions.

What are the pros and Cons of take it or not and if not why? Yes that trade does conform to the Kumo breakout rules. It is late in the current trend, but how do we know when the downtrend is finished? With Kumo that is only indicated by the future cloud changing color or price moves through the Cloud to the opposite side. There are some measures we could use to only take a Kumo break after a full Kumo crossover, but I'm not sure that will be an advantage in the long run. The expert that I consult on Ichimoku trades all Kumo breakouts. I don't expect to win on every Kumo breakout, the idea was to catch enough long runs (with Addons) to keep the P/L ahead in the long run.

Do we need another rule to stay out of this possible late entry? See above for some thoughts. My other concern with that last entry is the size of the entry candle, I have been considering adding a rule to not start on a large candle (say close > 1.5 ATR away from open).

Maybe present cloud opposite color of future displaced cloud to get you in at the start or first break of cloud. In the rules I have the future colur needs to be checked to be correct (ie Red for short, Green for Long), I don't include the future cloud changing color as an exit condition though. According to information I have on Kumo breakouts they can only occur on the 1st candle to exit the cloud, after that we use the Fractal entry rules.

PS: If you wanted to consider getting is early in a Kumo Cross over you could consider using the price in relationship to the Kijun Sen that is supported by future cloud and the Chikou Span. Personally I'm not considering this option as it is a lower probability trade from my understanding.
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