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Money management: Capital needed per 0.07 USD per microlot 0 replies

The Volume Detective 411 replies

Attachments: (binned per thread starter’s request) MM (Money Maker) Detective
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(binned per thread starter’s request) MM (Money Maker) Detective

Quoting bishopdotun
{quote} From this picture, spikehunter is redundant. The momentum filter clearly does the job. So i guess you would add the option to filter with momentum indicator (for H4). While I am skeptical about this, I welcome the idea. you may want to create 2 columns on the dashboard for momentum and BD indi. The row is then highlighted when both agrees The big challenge is managing DD and scaling the entries progressively at considerable distance. This approach could potentially screw newbies. Be warned.
Money management is important with any system or strategy but with this one it is absolutely key.
Quoting bishopdotun
{quote} From this picture, spikehunter is redundant. The momentum filter clearly does the job. So i guess you would add the option to filter with momentum indicator (for H4). While I am skeptical about this, I welcome the idea. you may want to create 2 columns on the dashboard for momentum and BD indi. The row is then highlighted when both agrees The big challenge is managing DD and scaling the entries progressively at considerable distance. This approach could potentially screw newbies. Be warned.
Quote
The big challenge is managing DD and scaling the entries progressively at considerable distance.

@bishopdotun -- was this comment referring to the dashboard EA or the trading EA that I'm close to releasing a v1 version?
Quoting LongBTC
{quote} Money management is important with any system or strategy but with this one it is absolutely key.
@LongBTC -- and why do you say that? What is it about this system that makes it even more important?

I'm not questioning your statement -- I just want to understand and learn more.

I guess the reason I ask is I've built much simpler EAs that perform well enough using good Entries and Exits and which did not take into account more sophisticated money management schemes. The BD strategy passes the test of good Entries and Exits -- so, why is money management key? Not that money management isn't important or wouldn't improve results, but what is it about this strategy that makes you say "absolutely key"?
Quoting robots4me
{quote} {quote} @bishopdotun -- was this comment referring to the dashboard EA or the trading EA that I'm close to releasing a v1 version?
the trading EA

you may want to allow new trades at x% of ADR distance from the last trade (either above or below) but not when reversal has already moved past the boundary towards the midline.
Quoting robots4me
{quote} @LongBTC -- and why do you say that? What is it about this system that makes it even more important? I'm not questioning your statement -- I just want to understand and learn more. I guess the reason I ask is I've built much simpler EAs that perform well enough using good Entries and Exits and which did not take into account more sophisticated money management schemes. The BD strategy passes the test of good Entries and Exits -- so, why is money management key? Not that money management isn't important or wouldn't improve results, but what...
It becomes even more important the moment you drop below D1 for many reasons:

- More signals translates to more potential entries
- Repainting is slightly more, meaning more false signals, more entries and more impact on margins
- The lower the TF, the riskier

Although scaling the entries at x% of ADR distance would solve this problem.

For stop loss, anything lesser than 150% ADR would lead to a disaster. If you increase the ADR on the indicator to 200%, you will find almost no signal. That for me is the safe zone to place your stops. Very few stops would get hit. and huge runners
Quoting robots4me
{quote} @LongBTC -- and why do you say that? What is it about this system that makes it even more important? I'm not questioning your statement -- I just want to understand and learn more. I guess the reason I ask is I've built much simpler EAs that perform well enough using good Entries and Exits and which did not take into account more sophisticated money management schemes. The BD strategy passes the test of good Entries and Exits -- so, why is money management key? Not that money management isn't important or wouldn't improve results, but what...
Trading from the D1 will get us into bigger DDs then trading on lower timeframes and I was kinda refering to basket trading without using a hard SL
on exits at midline for the trading EA

Someone mentioned this earlier and it could help us squeeze more value from the trades.

  1. If we are in a long trade and slope is up, then the upper boundary would be the exit.

    1. if during the long trade slope changes to down, then we look to exit at the midline
    2. if we are in a long trade and slope is down, then the midline would be the exit (default exit)

  2. Vice versa for short trade

You are may keep this for version 2 of the EA.

Quoting bishopdotun
{quote} the trading EA you may want to allow new trades at x% of ADR distance from the last trade (either above or below) but not when reversal has already moved past the boundary towards the midline.
very good idea, my friend !

X=10% should be a good number by default and/or perhaps user-customizable if possible, too.
I never lose - either I win or I learn...
Quoting LongBTC
{quote} Trading from the D1 will get us into bigger DDs then trading on lower timeframes and I was kinda refering to basket trading without using a hard SL
I disagree on that.

Trading on D1 gives you:

  1. More precise entries
  2. Repainting is insignificant
  3. Very few entries
  4. More time away from the screen since you only need to trade at the open of a new candle once daily

Hi
Greate work!!! Haveing some problems as someone before despite restarting software, and reinstalling. this is what happens.
Running BD indie alone and on multiply windows is totaly ok even going down from dayli time frrame is working perfect but as soon as I put on EA then strange things are happening. Pics below
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Best Regards
It all started in the garage R4me.
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Avoid the noise on LTF. The stress outweighs the merits.

Follow the clean path.

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Why you should avoid LTF (even H4) for this strategy

Below you see my trades on CadChf. I took the trades within the green box on D1 and the trades within Red box earlier on H4. I expect price to reverse and I will definitely sit this one out. I will continue to add trades as long as D1 gives additional signals. If I stuck to D1 alone from the start of the signal, I would have max 3 trades.

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I strongly advice to avoid LTF if you can. There are sufficient opportunities across several markets on D1 to trade from. 'nuf said already.
Need more evidence on why this works most of the time?

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Quoting bishopdotun
Need more evidence on why this works most of the time? {image}
Nah dont need evidence but may i ask what is that cluster of orders?
Necessity knows no law except to conquer
Quoting Hajdi
Hi Greate work!!! Haveing some problems as someone before despite restarting software, and reinstalling. this is what happens. Running BD indie alone and on multiply windows is totaly ok even going down from dayli time frrame is working perfect but as soon as I put on EA then strange things are happening. Pics below{image}{image}{image}{image} Best Regards
@Hajdi -- did you attach the BD indicator to the same chart as the dashboard EA? The dashboard EA should be attached to a D1 chart -- all by itself.
Yes tried all options.
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Took this just before i exit the trade

I need so much patience for trade to develop. I often lack it....

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@R4M

Would it be possible to have a BD indicator version with :

Pop-up Alerts: False

Push Alert : True

Reason for this request is, that my bloody MT4 freezes when the pop-up alerts are being processed.

Thanks

PC
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Less is more...
Cleaned out my EN and GN trades

There is enough on the table already for this one.

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