Trade the "Flow"

I am Daemon i have been a trader since 2009 and i have been very passionate about ever since.
Although i really suck in the beginning but i got better and went into full time as a fund manager from 2012-2014
which i didnt really enjoy as it got serious and stressful so i quit and took up another line of career that i enjoyed till now.
I did really bad as a manual trader and only get good when i start to trade with EA instead and here are some experiences i can conclude from trading for the past 10 years

 

1. ALL EAs can make money but it is not a Holy Grail. You will need to manage it can adjust the settings periodically to suit the market.
2. Something Bad will always happen that is why u need to manage your draw down and know when you need to cut your losses
3. Before you start trading you need to know all about your strategy, it is like your business plan, your compass to tell you what are your potential gains and when your EA is failing and you need to stop trading and re adjust your settings

I call this EA and trading method " Flow", it is a combination of using simple core strategy that is using Bolinger Band for Entry, using martingale for Sub trades and then using Fibonacci to take profit.

The logic of this strategy is that the market will retrace at least 20% or 30% after moving certain pips and we will enter trades at X interval so that when it retrace X%, it will close all trades with profit.

I have been using this EA for consistent profit for quite sometime and i want to share it here for a few objectives

1. First of all i want to give back to those that have helped me in Forex Factory since 2010
2. T.E.A.M Together Each Achieve More i hope this strategy can improve and become better through this thread because i know there are so many more brilliant people than me
3. Hope more people can achieve consistent profit from this strategy

In this thread there is no Right or Wrong, i only believe in making it better.

IF YOU DONT BELIEVE IN THIS STRATEGY, instead of posting negative stuff here like a IMMATURE person you can have the courtesy to just go to other threads.

IF YOU LOST MONEY BECAUSE OF THIS STRATEGY, it is because u dont have a good way of handling Drawdown and loss more than you should.

I am already having own consistency from this and i dont really need to have people that have not traded this for more then a few years to complain to me about this strategy. Further more this strategy is FREE and OPEN to ALL, i am not selling this to anyone and definitely no profiting from sharing this strategy or EA.

I will not go too much in to the details on how to use it and i hope those that try this EA, already have some knowledge on:

1. Have experiences with EA trading
2. Know how to do optimization
3. Know how to do Forward Testing

While Doing Optimization for me i only take results that have more than 200% to 300% return a year in to consideration
and i will only pick DRAWDOWN not more than 30%

Reason for that is trying to have more than 30% profit as soon as possible before there is a drawdown of more than 30% which i will change to a new Optimized setting and start trading again.

For example a few situations:

 

1. only trades 1-2 months, only profit 10% and then a drawdown of 30% happens to make the maths easier i will close all trades and take roughly around 20% loss and i will restart with a new setting
2. trade maybe 5-6 months achieved 50% profit and then drawdown 30% will stop trading with less than 20% profit and restart with another optimized setting
3. After trading for a year regardless if you hit your MAX drawdown target, it will still be advised to change to a new optimized setting for better profits according to the new market movements

* To sum up, having settings that gives you more than 300% and less than 30% drawdown is very important before you start, and if the forward test experience drawdown more than 30% that setting will be redundant and you need to use or optimize another setting.

Below you should see:

1. The EA FLow
2. The Back Test i did from 2018.02.02 to 2019.02.28
3. Forward Test from 2019.03.01 to current date
4. Some of my recent live results

This strategy is already pretty good for me, but i also believe there is not BEST only BETTER.
And i hope we can become better as times goes by with better ideas and development
IF anyone wants to see the live trading you can view from the trade explorer

BEST WISHES to everyone in trading and Consistent Profits to all.

Best Regards
Daemon

This is my setting for the Trade explorer

Hi Daemonw,


I am looking at it.


Thank you for your contribution.

Woke up and trigger the 4th trade. As this strategy is still half Auto, risk management will not start
instead of going to 52% retracement, 1st target will be set at 23.8%.

how can I get the strategy ?

You can DL the EA at the top.

It is better if you know how to do optimization and have some knowledge of EA
so you can find more profitable settings yourself.

I posted one of the settings i am using for EURUSD if you want to try.

Quite Sad it didnt manage to break above 23.8 and move on higher.
Only manage to profit 500 plus from this cycle. lets Hope the next one will be better
By the way i only trade positive swaps for large interval trades.

Hi Daemon,
Thanks for sharing your idea. Can you please explain a bit more about the strategy and what the EA does in the different steps because you mentioned that it is half-automated. I understand the entry part using Bollinger Bands, ok, this can be optimized. Will additional trades be added every time the Bollinger Bands are touched again? Is this also part of the EA functionality? And exit using Fib, is this the manual part? And can you also explain a bit more the variables and settings?

Hi Maddin
This EA is actually fully Auto, but i think it can be further improved thats why i am doing some entries manually.

 

1. Entries by the Bollinger Band are the 1st trades of the cycle, if they go to take profit the cycle will end.
2. If trade doesnt take profit, the rest of the trade which i call sub trades will trigger according to the interval that you set. Example if you set interval at 1000 points, sub trades will open every 1000 pts with multiplier effect
3. If the cycle is still in process, there will be no more entries using Bollinger Band
4. Exit can be fully automatic as well according to the setting in the EA

above are some examples of instructions from my old version

While Optimization and Backtest can give us a very good idea on what settings will be profitable like:
Interval amount
rate to Martingale
Retracement Take profit level
and Drawdown

I am doing it half automated because i dont think Martingale at every fixed interval is not that effective because we should be looking at areas of strong resistance and support that can give strong retracements.

And secondly, i will lower my retracement% after my lots go above 1 standard lot to:
1. lock in profit and not go in to a loss again
2. lower my risk of the market failing to reach the intended take profit level and go against me further. example from take profit at 40% to 20%

Below is the PPT for the older version of the EA if the pictures are not clear.

Hope this helped Maddin
Cheers

thanks a lot, will look into it

Hello daemonw, I had tried to load the EA, however I encountered this error. Please advice. Thanks.

Hi Archangelsky

Not sure what is wrong, but what are your settings? If u just use my settings it might be due to the multiplier function being true and trading a lot size that it not
available in your broker.

The settings in the original is for initial capital of 50K usd


If you want to use the multiplier, then set the initial equity to your current equity.
This function is to compound the lots when your equity increase.

Not a bad week as well!

Okay, thanks for the replied daemonw. Yes I'm using your set file's. I will try to set accordingly as per your advice

Question,
1. How many currency pair you trade with this EA?
2. What is the parameter you select for the optimization?
3. Do you have MT5 version? Reason is it will be easier to run test and optimize in MT5 without getting the 3rd party tick data software.
4. How many time to optimize in a week, or a month?

Thank you.

2nd Entry on EURUSD

Few TPs on NZDJPY these 2 days

1.I only Trade 2 EURUSD and NZDJPY, trades other than these 2 in the trade explorer are testing on a new version. One reason is because i will let the trades float and i only want to get positive swaps.

2. Tp is not that important since the first trade usually earn u the most. The parameters of Bollinger Band, RetracementTP, Order interval, and multiplier is the MOST IMPORTANT.

3. No i dont have MT5 version, dont know any coders that can help me atm.

4. optimization is always a ongoing thing, trying different parameters with different pairs. Best settings are those that give you return of more than 200 to 300% with drawdown not more than 30% on Equity.

For instance current date is 5th Sept 2019

i will optimize for 1st April 2018 to 30th April 2019 to get the settings that i want
Forward test the settings from 1st May 2019 to 5th Sept 2019 usually 4 months
If the test is good with profits and DD does not go above the DD from my optimized settings i will go in live.
Continue to Optimize and find new settings weekly.
IF DD is HIT, replace on setting that you have optimized with profitable forward test.
Continue the process

Tips

Large interval will mean that trade might float for very long best to trade currencies with good positive swaps (eg. EURUSD only shorts, NZDJPY only Longs)

If you are not ok with too many martingale, Max Orders you can just set to 3 or Max 4. (you can even set to 2 if you want)

The higher the OrderMultiplier, the less retracement it will need to see profits (eg if multiplier is 3-4 you might need retracement of at least 25-30% to be in profit, if multiplier is 7-8 you might just need 15-20% to see profit

There might still be some bugs with the EA and i am not a coder so i dont really know how to fix it. Thats why my intervals are very big and i have time to
deal with them if the EA fails.

This forum is also setup for all to share their settings or knowledge to see how we can improve it together.
I found Keep a settings vault when i continue to Optimize and forward test them to see it they still profitable

Many times you will meet with such situations where you are in profit and it is very near to the Take Profit point.



Have patience and follow the plan, unless you have martingale 3-4 time with only 1 or 2 chances left due to the large lot size
and small free margin. We can chose to lower the retracement TP from 30% or 40% to 15% or 20% to reduce losses or take little profit to reduce further risk.

And Why chose to trade currencies with positive swaps and the direct also reduce your anxiety towards the trade cause you know the longer you
hold it the more you will earn, Let you make better choices on where you want to enter you trades by adjusting the interval trades slightly at high support and
resistance areas to have higher success rate in larger retracement. I know when you are at the wrong side of the trade, broker can eat of 10 pips of profit
from you every 5 days and that will greatly reduce your profits and u want to exit faster. But If you trade with positive swaps you will earn more when u hold the
trades.

Cheers

Target Hit