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Consecutive Candles Williams %R and Volume with 55EMA Baseline

  • #501
  • Jul 15, 2019 9:55am Jul 15, 2019 9:55am
Quoting cfudge
There is a bug in the EA...if two trades register at the same time or maybe same TF, on different pairs, only one trade opens. This is being looked at now.
Thanks for staying on top of things Chris...
  • #502
  • Jul 15, 2019 4:53pm Jul 15, 2019 4:53pm
Here is that discord invite link cdk1212 and of course for everyone too. But please note this group only works on daily charts and you should watch all the videos first before posting.

https://discord.gg/xXtvgNd
  • #503
  • Jul 15, 2019 5:15pm Jul 15, 2019 5:15pm
Quoting cfudge
Here is that discord invite link cdk1212 and of course for everyone too. But please note this group only works on daily charts and you should watch all the videos first before posting. https://discord.gg/xXtvgNd
Chris,

This link says it is invalid.

Thanks
  • #504
  • Jul 15, 2019 5:46pm Jul 15, 2019 5:46pm
Maybe you need the discord desktop app?
It works for me. I am new at this discord thing

Try this one

https://discord.gg/xXtvgNd
  • #505
  • Jul 15, 2019 7:17pm Jul 15, 2019 7:17pm
Hey thanks Chris,
I am already a member there. I find it annoying the amount of people and the continuous amount of information to review & absorb on a daily basis. I have developed a nice viewable strategy, but looking to improve before automating.
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  • #506
  • Jul 16, 2019 9:33am Jul 16, 2019 9:33am
Test results so far-Gold

No Open Trades as of now

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  • #507
  • Jul 16, 2019 1:25pm Jul 16, 2019 1:25pm
My day was bad but Gold

Platinum again a big loser, who knows why?
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  • #508
  • Jul 16, 2019 1:51pm Jul 16, 2019 1:51pm
Quoting foff00
My day was bad but Gold Platinum again a big loser, who knows why? {image}
foff00

Are you using Stop Loss for Platinum?

Thanks
  • #509
  • Jul 16, 2019 1:56pm Jul 16, 2019 1:56pm
Interesting result but I need to understand how to configure money management.
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  • #510
  • Jul 16, 2019 1:58pm Jul 16, 2019 1:58pm
Is there someone who kindly can explain to me each option? Thank you in advance
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  • #511
  • Jul 16, 2019 3:32pm Jul 16, 2019 3:32pm
Quoting aaven
{quote} foff00 Are you using Stop Loss for Platinum? Thanks
what difference would it make stop loss hit is still a loss
people leave, but this thread will go on for ever
  • #512
  • Jul 16, 2019 4:48pm Jul 16, 2019 4:48pm
Quoting flashpaul
Is there someone who kindly can explain to me each option? Thank you in advance {image}
Post 488
  • #513
  • Jul 16, 2019 4:52pm Jul 16, 2019 4:52pm
Quoting foff00
My day was bad but Gold Platinum again a big loser, who knows why? {image}
I know why...I have said over and over again...you should be using multiple TFs for each pair with larger position sizes per smaller TFs and no SLs.

That is a hard pill to swallow, I know. It is the best I have come up with so far.
  • #514
  • Jul 17, 2019 1:22am Jul 17, 2019 1:22am
Yes, Last Arrow.
Quoting aaven
{quote} foff00 Are you using Stop Loss for Platinum? Thanks
  • #515
  • Jul 17, 2019 4:45am Jul 17, 2019 4:45am
Quoting foff00
Yes, Last Arrow. {quote}
Basically the system effectiveness will show up if we follow the rules laid out by the creator. In this case, using Stop Loss will give undesirable results.

If you insist on using Stop Loss-I would suggest you to experiment-test some scenarios like exiting at fixed t/p instead of Williams crossings-Entering Partial Entries etc... Also remember it stops being "Chris's System" as one starts to change anything.

Thanks
  • #516
  • Jul 17, 2019 5:41am Jul 17, 2019 5:41am
Ok, it is really a hard pill to take if there is no stop on a position.

Is that really SL Type "None" will "do"? Does not close the position?

Honestly, I force myself and try it howerver I have proved having no stop loss do not work . My forex trader treacher said: only in case you disperse into very small positions.
On contrary, I tried and failed: in a month I doubled my small real account than lost all painfully: unclosed losses accumulated slowly.

We will se on Demo here.
  • #517
  • Jul 17, 2019 6:21am Jul 17, 2019 6:21am
Quoting foff00
Ok, it is really a hard pill to take if there is no stop on a position. Is that really SL Type "None" will "do"? Does not close the position? Honestly, I force myself and try it howerver I have proved having no stop loss do not work . My forex trader treacher said: only in case you disperse into very small positions. On contrary, I tried and failed: in a month I doubled my small real account than lost all painfully: unclosed losses accumulated slowly. We will se on Demo here.



Want to say this for everyone else as well.

In the end it's about knowing yourself and finding what works best for you.
I mean everyone should one what they are comfortable with:


1. Position Size
2. Time Frame
3. The Number of Entries
4. Stop Loss/Equity Protection
5. Draw down
6. Duration of the Trade

There are going to be trade-offs- Know thoroughly the system you are dealing with. Test the system and see if it matches with your accepted standard of aggressiveness.

The system presented is Chris's Solution Statement-Chris not only gave his trading logic, but also spent money from his pocket to code it and gave it to the community.
My request is-Please understand the system's behavioral characteristics and because if it doesn't align with one's requirements doesn't necessarily make the system a bad one. Example: if i am comfortable with staying in a trade for a maximum of only one day and if the system has trades that are open till few days- it's not fair to call the system as not working.

Please do experiment-share any insights if it can improve the system's characteristics- Not something like, "let's change the ema to 100 instead of 55-not suggestions for the sake of suggestions"

Best is to have suggestions that are documented and working: How your suggestion is actually improving the system over the existing criteria etc...

Just wanted to put my thoughts out there...


Thanks
  • #518
  • Jul 17, 2019 7:56am Jul 17, 2019 7:56am
Thank you aaven for your reply,

I did not say the system won't work. I said no stop loss is dangerous, but we will see how it performs.

Another thing, how can we set the max number of positions? in cfuge version there is not this option available, and Today, for example the EA has opened 3 dji short so I'm already overexposed myself. (0.3 lot dji open on 2000 usd account is too much considering 6x0.1 lots overall, with no SL).
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  • #519
  • Jul 17, 2019 9:22am Jul 17, 2019 9:22am
This is why I suggested, from the outset, not using a SL or setting a protective SL. If an order is opened and price goes against us with the Williams going back beyond the -20/-80 line, we get an opportunity to get a better price.

This is good, but on the below chart we could get a push over -20 and one or all the trades could close in profit.

So, the logic I decided on, while manually backtesting this, was to let the system open these kinds of multiple trades and by using the multi TFs and position sizes, previously discussed, we can limit the losing aspect of the system, however, all swords have two edges, the other side of this sword is DD.

Ultimately, as aaven put it so nicely, we all need to decide what we are each comfortable with.

Chris

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  • #520
  • Jul 17, 2019 10:41am Jul 17, 2019 10:41am
Quoting foff00
Thank you aaven for your reply, I did not say the system won't work. I said no stop loss is dangerous, but we will see how it performs. Another thing, how can we set the max number of positions? in cfuge version there is not this option available, and Today, for example the EA has opened 3 dji short so I'm already overexposed myself. (0.3 lot dji open on 2000 usd account is too much considering 6x0.1 lots overall, with no SL). {image}
foff00

I wasn't explicitly mentioning you- Those were my general thoughts.

I understand your predicament- is it the most minimum size on DJI? Can you go further lower-like 0.05 or 0.03?

Thanks
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