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

The Volume Detective 411 replies

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

  • #6,681
  • Sep 11, 2019 12:40am Sep 11, 2019 12:40am
Quoting Viktory
{quote} Well, that seems more like 1 trade of 0.01 lots per pair; from a very small sample to draw any conclusions out of it. So nothing really relevant there.
If you don't see nothing relevant, then good luck with your cost averaging.

Regards,
Blackeagle
  • #6,682
  • Edited 1:49am Sep 11, 2019 1:21am | Edited 1:49am
Quoting Viktory
{quote} {quote} @robots4me -- Again, I don't agree with you with this... If the "min distance between trades" setting uses —for example— a "%ADR", then there's no "best value" outside the personal choice of each user in order to better control risk by overexposure, and the calculation would be automatic for every pair according to their average volatility/ADR, so also without the need of any further testing and re-calibrations for multiple combinations. It's not an "arbitrary setting" and it has nothing to do with "solving problems with H1", because...
@Viktory -- don't you see that once you mention the word "interval" or "distance" then there will be a dozen variations. Should it be based on time, # bars, pips, adr, risk tolerance, MA slope, phase of the moon? It's never ending...

Quote
The "correct" value to use is simply the one that better fits the "risk tolerance/apetite" of the user.
This means nothing. Even I, who wrote the software, would have no clue what to use. And I don't want a setting where everyone is using a different value. If we were to do that then that would be the end of comparing results -- since everyone would be using different settings.

You have a specific idea in mind and you want me to tailor the software according to your idea. But the software is not just for you. I have no idea what "risk tolerance/appetite" means or what value I should use. You have all the pieces you need and @bishopdotun and I have been completely transparent -- feel free to incorporate some discretionary decision making in your trading. I'm not adding intervals or "min distance" to the indicator or EA. Please enough of this -- I think we've beaten it to death...
  • #6,683
  • Sep 11, 2019 1:50am Sep 11, 2019 1:50am
HEADS UP - MT4 Update 1212 coming
  • #6,684
  • Sep 11, 2019 4:48am Sep 11, 2019 4:48am
Quoting joshuayip
HEADS UP - MT4 Update 1212 coming
thanks for info...now with v1212 issue solved hence AllPairsEA slowing down finally was a MT4 1210 problem!
Also the Cortana bug in Win10 v1903 has been solved today with the new Windows monthly update!
I never lose - either I win or I learn...
  • #6,685
  • Sep 11, 2019 12:22pm Sep 11, 2019 12:22pm
@R4M, I appreciate the goo work you have done together with Bishopdotun.

I think it prudent you add the stop trading feature which when set true, the EA will not open any other trade but only manage the already open ones. I would prefer it so the EA won't open trades on Friday evening/night.

Regards
  • #6,686
  • Sep 11, 2019 1:13pm Sep 11, 2019 1:13pm
Quoting mbae
@R4M, I appreciate the goo work you have done together with Bishopdotun. I think it prudent you add the stop trading feature which when set true, the EA will not open any other trade but only manage the already open ones. I would prefer it so the EA won't open trades on Friday evening/night. Regards
@mbae -- You can set the MaxSpreadPoints to '0' and then the EA will no longer open any new trades.
  • #6,687
  • Sep 11, 2019 1:33pm Sep 11, 2019 1:33pm
Quoting Blackeagle
When you start learning to trade, the first thing taught re. risk management is "never add to a losing position". It may be dangerous for your health I am trading 1 lot per pair and please see below total pips for open trades midweek (not complaining, just testing with a small live account). And this result is despite no H1 trade so far this week due to 100% ADR setting. I cannot imagine the drawdown for people trading 4, 6, or 10 lots per currency per time frame. Word of advice: Always think of the worst case scenario in trading...
@Blackeagle -- last week my account experienced some pain. Most of the losses were due to H1, which I have begun to move away from. I have confidence in the strategy because it is simple and it makes sense to me. And, there will be times when it doesn't perform well.

When the strategy doesn't perform well then I understand people then want to fiddle and look for "fixes". What I suggest is we continue sharing results -- in particular, screen shots of losing trades. If we share screen shots of losing trades and discuss what went wrong, then we might gain some additional insight that would allow me to modify the logic.

The strategy executes the rules correctly -- when it detects an extreme price then it trades away. But sometimes the market has other plans -- it shows us an extreme price (and we begin to trade away), but then it shows another extreme price in the same direction (rather than reverting). Some people think this can be addressed by introducing "distances" or intervals between Entries -- which I oppose. But there is another approach -- to allow an Exit signal if the Entry starts going in the wrong direction.
  • #6,688
  • Sep 11, 2019 2:14pm Sep 11, 2019 2:14pm
The system is good and works. The most important thing in it is the management of the capital that inevitably goes through assuming lost some too extreme days. But in the long term it is winning. Yes, if we start to put 1 lot and our account is 10k, we will be lost. Lever is the main thing
  • #6,689
  • Sep 11, 2019 7:55pm Sep 11, 2019 7:55pm
Quoting robots4me
{quote} .... But there is another approach -- to allow an Exit signal if the Entry starts going in the wrong direction.
I know you mentioned about emergency exit before and I've seen it worked last week when my H1 trades were going in opposite direction. I don't know its logic but so far this week, emergency exit did not kick in on H4 trades while some trades are deep in drawdown like >200pips in red. Anyway there is nothing to do other than forward testing right now. It seems EA is working fine. I'll give a general feedback at weekend re. my experience this week.

Regards,
Blackeagle
  • #6,690
  • Sep 11, 2019 9:23pm Sep 11, 2019 9:23pm
Quoting Vicente
{quote} In the hypothetical case of setting up 2 stores per pair, and these are losers, we do not have the opportunity to take the order 4 or 5. The solution is not to close bad operations, but to take more shops with a distance between them to cover the possible losses of the previous ones. In the graph by Ex, the user only chose 2 shops per pair, that takes away the opportunity to take more stores that add more pips or reduce the possible loss of the previous ones. This is an H1 chart with 100% ADR With H1 you can enter the trade earlier, maintaining...
is the ADR same TF?
  • #6,691
  • Sep 11, 2019 11:33pm Sep 11, 2019 11:33pm
Quote
But there is another approach -- to allow an Exit signal if the Entry starts going in the wrong direction.
The system has more wins than loses but the problem is R:R Ratio, when it loses, it loses extreme. If it can be added as a feature, its good but for now, I will use 0.4 tp and 0.4 sl. If I will have more wins, that becomes our edge
  • #6,692
  • Sep 11, 2019 11:42pm Sep 11, 2019 11:42pm
Quoting mbae
{quote} The system has more wins than loses but the problem is R:R Ratio, when it loses, it loses extreme. If it can be added as a feature, its good but for now, I will use 0.4 tp and 0.4 sl. If I will have more wins, that becomes our edge
@mbae -- I suggest that you definitely NOT use 0.4 SL -- that will break the strategy. If trading H4 the SL should be 1.8. For H1 it can be a bit smaller (e.g. 1.2). If you think using a smaller SL will lead to better performance then you don't yet understand how the strategy works.
  • #6,693
  • Sep 12, 2019 4:01am Sep 12, 2019 4:01am
i share my idea but if no good... please delete my post.
trade manually.
i know it not prefect.
thanks
Attached Image (click to enlarge)
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  • #6,694
  • Edited 7:23am Sep 12, 2019 4:12am | Edited 7:23am
Hi @robots4me! Thanks always for the great updates and bugfixes.

Well I am still using the DASHBOARD EA on my manual trades. I have extensively used the old BD dashboard ea until the BDX was created. Right now, I'm on the latest version, but since this is a manual strategy I'm missing something important not found on the bdx dashboard. That is the ORIGINAL RECIPE entry option. I like the original recipe entry very much because the dashboard ea scans the prices on extremes and you can see those immediately. The scan result is "raw", no ha/cc filters. After checking the charts, I can apply my discretion on whether to take the trade or not based on what price action I see. Maybe others can relate to this what I am saying.

If it's ok with you sir, can the original recipe entry be included? For dashboard ea ONLY, not for allpairs ea and single pair ea as they don't need it. Sorry to bother you, I know we are on the bug-fixing/testing stage and done with the core logic development, but this one is something I think is important.

best regards.
  • #6,695
  • Sep 12, 2019 4:40am Sep 12, 2019 4:40am
Quoting robots4me
{quote} @mixedbags -- this is great -- you have to start somewhere!! Slowly, slowly you'll improve your skills. If you keep it up then next year at this time people will have forgotten about me and instead be looking to you and @bishopdotun for the latest and greatest indicators and EAs.
Yes, finally I have made one based on the concept of H4 band, a system that requires more patience than yours.
  • #6,696
  • Sep 12, 2019 4:56am Sep 12, 2019 4:56am
Quoting benjun9
Hi @robots4me! Thanks always for the great updates and bugfixes. Well I am still using the DASHBOARD EA on my manual trades. I have extensively used the old BD dashboard ea until the BDX was created. Right now, I'm on the latest version, but since this is a manual strategy I'm missing something important not found on the bdx dashboard. That is the ORIGINAL RECIPE entry option. I like the original recipe entry very much because the dashboard ea scans the prices on extremes and you can see those immediately. The scan result is "raw", no ha/cc filters....

@Benjun

Agreed the original recipe on the previous BD strat is quite nice as though lots of entries I find the the 1440 daily setting quite stringent with 40% ADR and like you say you can then make a choice on what signals to trade. I still use the BD for my manual trading but using the latest BDX for auto trading.
EX BBMA trader focusing on REE code.
  • #6,697
  • Sep 12, 2019 5:10am Sep 12, 2019 5:10am
Quoting mixedbags
{quote} Yes, finally I have made one based on the concept of H4 band, a system that requires more patience than yours.
@mixedbags -- that is excellent!! I'm very glad to hear that. Knowing how to program MT4 will bring you many years of challenging problems to solve and also much satisfaction. Thanks for letting me know...
  • #6,698
  • Sep 12, 2019 7:43am Sep 12, 2019 7:43am
Quoting Blackeagle
{quote} If you don't see nothing relevant, then good luck with your cost averaging. Regards, Blackeagle
You clearly don't understand a word of what I said.
And I'm ok with it, thanks!

Regards,
Viktory
  • #6,699
  • Sep 12, 2019 8:22am Sep 12, 2019 8:22am
Hi Steve,

I have a question. About 15 minutes ego AllPairsEA sent a buy signal for EURAUD on H4 (just after the bar with red arrow closed). I am posting related screenshots and a copy of Expert Tab (first two rows). There is no signal on HA transitions indi and there is no arrow or dot on R4M-BDX-ADR indi, either. It was a big bearish bar, and I don't know why EA sent the buy signal. Would you please have a look if it could be a bug? Thanks.

Regards,
Blackeagle
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Expert.png Size: 20 KB
Click to Enlarge Name: EURAUD-2H4-Dash.png Size: 57 KB
Click to Enlarge Name: EURAUD-2H4-HA.png Size: 18 KB
Click to Enlarge Name: EURAUD-2H4.png Size: 27 KB
  • #6,700
  • Sep 12, 2019 8:24am Sep 12, 2019 8:24am
Quoting Viktory
{quote} You clearly don't understand a word of what I said. And I'm ok with it, thanks! Regards, Viktory
What a coincidence. I was thinking the same for you. Anyways, good luck with your trading.

Regards,
Blackeagle
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