Trading Strategy Development Journal For EA

you welcome

Last week Wednesday I closed out all trades on both TE's. I wanted clear point to refer a comparison test to. On the weekend The Hr1 TE had moved from 234 to 264 while min 15 had 328 to 348. Min 15 TE had gained far much less than Hr1. Well I come today and find Hr1 has from a high 280 down to 228 mean while min 15 has closed all trades at a whopping 381.

Not to sure what to make of it right now. I am thinking I have not measured apples against apples. SO what I will do is open two new TE's.
Busta Hr1 not tweaked against Busta Min15 not tweaked . I will put iton EurUsd GbpUsd UsdCad UsdJpy AudUsd NzdUsd UsdChf AudJpy CadJpy EurJpy ChfJpy GbpJpy NzdNpy

TE's setup as stated above. Hoping it wont strain the VPS. Lets see

Let me check?

I have placed it on various charts and it is opening various pending orders. You will need to show some screen shots of your terminal. Also what is the journal tab saying. Otherwise it works

I was just having a look at the tweaked Hr1 equity graph on mql5.com . Here is a screen shot .
Kind of helps putting things in perspective. What I observe from that chart is a basket trade manager definitely is needed.
Break even to be activated at 150 pips break even set at 80 pips and to jump 70 pips

Any updates will be found on post one of this thread. Otherwise tests so far show its working so waiting for screen shots from you

From yesterday I have been observing Hr1 tweaked . It went as low as $ 150 equity but held the balance at $228. The swiss pairs are causing the huge draw down.
As of today the balance is $243 and equity is $ 210.(Note that 28 pairs have the busta). So it is still holding its own at the moment. You could say you need nerves of steel to watch a drawdown like that if you have a live account.
Then also looking at how the week started , based on previous post above of a screenshot from mql5 one can see the markets are doing a crazy yoyo up down moves.
Looking forward to see how busta will handle these crazy moves. Will it go bust or the bank go bust. Your guess is as good as mine.

President Donald Trumps tweets are making trading great again

mql5 removed the signal for having to many open trades. That is why I reduced pairs in the two new TE's I added yesterday.

Its been a week and can say something on performance of the TE's on test. Min 15 performed better than Hr1.

Hr1 though has provided some excellent insight in to bots ability to handle sharp market turns. At the start of this weeks trading equity went to $329 then within hours went to $150. The bot cut losers and brought down account balance from $278 to $228. It then has built the balance up to $273 as I write this post.
While the draw down has been fluctuating from $20 to $80 . All others bots I have tested before when faced with same scenario would end up blowing the account.

So I will be waiting to see how the bot fares. Will it come out of this draw down victorious or not.

A scholarly article on swing trading using moving averages https://www.orbex.com/blog/en/2019/0...-swing-trading

Basically confirms the period 22 on a hour chart is best. If you recall busta is Bollinger band period 20 and 80. The 20 is close to articles 22. I will be waiting to read the authors next article

Hi candy looks like busta busted your TE bradah from anaza madah hr1 bal 130 min 15 bal 390

is it posible to add main trend direction to the EA?
because sometimes it trade to the opposite direction of the main trend.

1. https://cdn-assets.faireconomy.media...r183881_44.gif andoseg2

Aha. Now I read the latest news of previous thread.

"Unfortunately, these two does not work all the time!
Simple H4 Mobile Trading System
There is no Magic Moving Average - You need only one"

First, if you search through my thread I never said it is a trading system in fact I said the contrary.
Second, would be nearly impossible for someone to create a strategy from incomplete informations (because you must be mad enough to develop your own trading strategy based on a specific concept )
Third, despite the fact you said the "trading system" based on moving average does not work all the time you still chosen it in your newest thread.
Fourth, what the heck man ? Again this idiot Davit ? If his guru thread "Pivot trading" is so powerful why do you need to combine not two, but three systems ?
I still don't understand.

It's ok, you are not profitable following the informations I presented because I did not presented a trading strategy but some hints. Like aid tires from a bike.
But you are not profitable following the others systems too. Can't you see the problem ?
You have a lack of knowledge about Price Action! You do not know where to start where to stop. You walk from "trading system" into another "trading system" and the man/woman who moderate ForexFactory facebook page also promote your thread as HOT THREAD!

Question to moderator of FFactory Facebook page: do you know what a HOT THREAD is ? Is something wich is divulged in public producing histerya, excitement and bullet-proof results. That is a true HOT THREAD not every trash topic you promote.

Damn! I'm over here.

Everybody else who read my words : don't lose time with this thread nor other thread, inclusively mine.

The golden rule of forum activity: NOBODY in the world will make public valuable informations for FREE.
Sometimes people find something extremely usefull considered as a EDGE and they make public FRAGMENTS from it because this is how they feel, to share with others. Novices think this is a complete trading strategy , get excited and finally get depressed after they found it does not work. Trading-addicters, are those mad people wich cannot exist without trading. Trading is not a way to make money, they trade because this is their drug. Like smokers cannot live wihout smoking. You must me a mad trading-addicted to create a trading strategy from fragments. And putting fragments from a trading technique together with other fragments from other trading techniques is a mistake. Instead one shall focus on a SINGLE trading technique : Nison is specialised on candlestick patterns, Joe Ross on ross Hook and 123 pattern and so on.
Bear in mind these word , it will make you avoid a LOT of lost time.

Creating threads in the hope people will join and make BRAINSTORMING is a illussion. Do you think majority interested in trading like brainstorming about trading ? nope. They have only one objective: to make money. Expecting from public help to make brainstorming to help you understand a trading technique is also a illussion. People like to get rich quick with minimum effort.

It's up to you, and only to you if you will succeed in trading. No public, no friends. Only you. Study and study, books, trash, garbage informations, filter and try to make a system based on a price action trading technique not on signals. And, if you indeed want to test your discipline while you are followed by public, then open a small account of 50-100$ and trade with mini lots. Nobody will know your trading strategy this way. It's logic, you wouldn't make public something valuable at wich you lost very much of time , in public. So, this thread nor other thread are not trading strategies wich work.
Good luck!

https://www.forexfactory.com/showthr...2#post12494752

I love the way the trader in above link explains stuff. Brilliant. Learning a lot from that site.
It is a basket trading thread. Also the thread owner is genuine honest with the information he gives out.Selflesss

Ver 04 uploaded in post one. The above post refers to a thread on basket trading. The thread owner has explained very well how to trade Risk On and Risk Off.
Also I love the way he groups currency pairs to come up with baskets. Ver 04 includes high probability setups gleaned from his posts.

I have also included a adjusted bot with heading No SL. Meaning no stop Loss but in actual fact I have made the stop loss two hundred pips. This is because from observation of the Trade explorers account profit are being made to vanish because of tight stop losses. Borris and Kathy lien have said you have better account growth with bigger stop losses. So lets see how this month goes.

ciao

Geeish it took a long time to learn this. It is actually a blunder to trade all 28 pairs at a go and call it basket trading. Boy is forex trading hard work.
What I have learnt , by forward testing, from basket knights is ,it is more profitable to group currency pairs according to their correlations.

The forward tests are there for you to see that this is true. Nice one basket knights.

I mean everyday this week the EA has been banking pips. ATM (automated teller machine)bot (in the making) looking very possible

Traders, I didn't think I should have a good laugh on my own cracked mah ribs

https://www.forexfactory.com/showthread.php?t=391229
the genesis of basket trading