im using this EA, but for 1 day nothing happent, can some one explain ??, already use the accesories file on, do i need open chart for automated trading ?
- #5,242
- Aug 22, 2019 4:12am Aug 22, 2019 4:12am
Basket closed in profit 20 minutes after London open.
It has been a very good week so far. Will reset after open tomorrow for the last day of the week.
EDIT:- Ignore first picture - that is the one from yesterday - looks like I didn't take a screenshot prior to opening up the stats which are accurate to this point.
It has been a very good week so far. Will reset after open tomorrow for the last day of the week.
EDIT:- Ignore first picture - that is the one from yesterday - looks like I didn't take a screenshot prior to opening up the stats which are accurate to this point.
- #5,247
- Edited 3:58pm Aug 22, 2019 3:19pm | Edited 3:58pm
- | Commercial User | Joined Jul 2009 | 5,727 Posts
cycle trader did not close the trade, so now trade is in DD. most likely just a glitch, but i'm curious to know if you had experienced this as well. thank you. {image}
The lookback window is only 1 candle so can get a little tricky if the Balls haven't painted yet.
You can increase the Signal candle setting to help the Exit, but of course this will slow down your Entry also as it will have to wait longer for a confirmed entry.
Maybe in the next version I could add a "Window Lookback Setting" for the exit so it would look back a set number of candles for an exit.
Try this, I haven't tested it so give it a shot and see if it catches the exits better.
- #5,253
- Edited 5:57pm Aug 23, 2019 12:10pm | Edited 5:57pm
- | Joined Sep 2015 | Status: Trader | 1,863 Posts
{quote} Interesting. Please send copy Thanks in advance
PS: I have been testing this strategy during this week and although it can generate some good profits, it suffers from having no individual pair exit strategy for when market goes against your defined market direction. Currently the only recovery is to wait for the market to reverse back into your favor, which could take awhile....
PSS: Results this week for my testing of this style of trading - ended the week in DD of $317 but overall still in profit about $300.
- #5,254
- Aug 23, 2019 6:15pm Aug 23, 2019 6:15pm
- | Joined Sep 2015 | Status: Trader | 1,863 Posts
Here are my other All Pairs test results:
H1 CycleV5(1,2)+89ema NoAddons : finished with a nice profit of $418 and max DD of $358
H1 Basket_Trader_V9 HASex(1,200)+SWG(2,2,24) : finished week with a profit, total of $215 for week
H4 CycleV5(3,1)+RSI(1440,4)+Addons(9,0.5) : not many trades this week, finishing about break even after including last weeks close on Monday.
H1 CycleV5(2,1)+200ema+Addons(9,1.0) : continues to be the best performer, despite a DD spike on Friday was still able to manage a two week profit of $1429 (sorry did not separate this weeks P/L report)
PS:
H15 CycleV5(1,2)+89ema+Addons(9,2.0) : a new setup to see if I can get the 15min chart to work in my favour. My previous attempts have failed at 15mins
H1 CycleV5(1,2)+89ema NoAddons : finished with a nice profit of $418 and max DD of $358
H1 Basket_Trader_V9 HASex(1,200)+SWG(2,2,24) : finished week with a profit, total of $215 for week
H4 CycleV5(3,1)+RSI(1440,4)+Addons(9,0.5) : not many trades this week, finishing about break even after including last weeks close on Monday.
H1 CycleV5(2,1)+200ema+Addons(9,1.0) : continues to be the best performer, despite a DD spike on Friday was still able to manage a two week profit of $1429 (sorry did not separate this weeks P/L report)
PS:
H15 CycleV5(1,2)+89ema+Addons(9,2.0) : a new setup to see if I can get the 15min chart to work in my favour. My previous attempts have failed at 15mins
- #5,255
- Aug 23, 2019 6:29pm Aug 23, 2019 6:29pm
- | Joined Sep 2015 | Status: Trader | 1,863 Posts
Here are my Currency grouping summaries for the week, again AUD+NZD group performed well followed by EUR and GBP group (with a different setup)
- #5,256
- Aug 23, 2019 6:38pm Aug 23, 2019 6:38pm
My CycleTrader v5 4,1 6 addons with 2.0 ADR on the M15 setup had an excellent first week with a profit of $1563 and a max DD of around $200
73% winning trades. It's all in the timing - sometimes you get lucky and have a start like this and other times you get unlucky and blow your account on your first attempt.
73% winning trades. It's all in the timing - sometimes you get lucky and have a start like this and other times you get unlucky and blow your account on your first attempt.
- #5,260
- Aug 24, 2019 11:50am Aug 24, 2019 11:50am
{quote} The balls probably painted too late so the exit would have been missed. The lookback window is only 1 candle so can get a little tricky if the Balls haven't painted yet. You can increase the Signal candle setting to help the Exit, but of course this will slow down your Entry also as it will have to wait longer for a confirmed entry. Maybe in the next version I could add a "Window Lookback Setting" for the exit so it would look back a set number of candles for an exit. Try this, I haven't tested it so give it a shot and see if it catches...
I want to go back to this pair and gather some of your thoughts.
Its a fact that most of us [including myself, of course] doesn't have any idea where the market will really go. We implement an SL so we dont lose a lot if we're on the wrong side.
With the simplicity of our current TS, I use our DB's 1.0 ADR as my SL.
But sometimes, we will find that there is a level in the chart that you can say, "if the price goes here, i'm in the wrong way".
When I get a chance to check my DB and see a pair in RED, I check its chart and this is where I start thinking about these levels.
On this GC example, a short trade was entered on the GREEN line with Blue circle.
Price went down but got back up.
For me, the RED line is a good level to place a stop but since I'm using the 1.0 ADR as my SL, the trade continued to head up and i'm sure my SL was hit eventually.
I'm looking for ideas to minimize the loss and thought about the 'DRAW SL' and 'DRAW TP' line options we have in the past TS, will those lines be beneficial on this situation?
When the internal struggle ends, everything becomes easy - Mr. Douglas