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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

  • #7,001
  • Oct 19, 2019 2:15pm Oct 19, 2019 2:15pm
Quoting robots4me
{quote} @piko -- check the printed log under the 'Experts' tab -- it may provide a clue.
Hello, @robots4me:

Both threads were going very well, until all of a sudden they started to slow down, up to the point of almost being dead now...

What happened with the system and all its satisfied "testers"?
Are you still successfully trading it with auto-pilot (as it was intended) on a daily basis?

I've seen that lately bishopdotun has only been involved with the following strategy:
https://www.forexfactory.com/showthread.php?t=943338
Also with some tools created by you.
  • #7,002
  • Oct 20, 2019 4:23am Oct 20, 2019 4:23am
Enjoying the money.

Dare I say 99% win rate on my live account with AllPairs EA. Never hit SL even once since the start of BDX. The usual setting (50% adr etc.)

I don't trade every pair. Only 11 pairs (those with low volatility, minus GBP and CHF).

If there's no trades after NY session on Wednesday, I will close MT4. If there's trades, I will find opportunities to close manually before London session on Thursday, at the latest. This is usually where the 1% losing trades come from, but it's minimal losses so I can live with it.

Monday mornings, I will load up MT4 again. Rinse and repeat.

This works for me. I got the money, and a good night sleep. Not changing anything.

Thanks to BD, R4M, and the usual contributor here like blackeagles and vicente I think who bought back the idea of cc, it was godsend truly.
  • #7,003
  • Oct 20, 2019 6:04am Oct 20, 2019 6:04am
Quoting Viktory
{quote} Hello, @robots4me: Both threads were going very well, until all of a sudden they started to slow down, up to the point of almost being dead now... What happened with the system and all its satisfied "testers"? Are you still successfully trading it with auto-pilot (as it was intended) on a daily basis? I've seen that lately bishopdotun has only been involved with the following strategy: https://www.forexfactory.com/showthread.php?t=943338 Also with some tools created by you.
Even by conservative stand, Steve is easily billable in the $100/hr+. Multiply that with the hundred of hours if not thousand- you are looking at IP running into the $100k bracket. Can we go easy on the smugness? Just saying, do not look a gift horse in the mouth...
  • #7,004
  • Oct 20, 2019 10:40am Oct 20, 2019 10:40am
Quoting aaven
{quote} Even by conservative stand, Steve is easily billable in the $100/hr+. Multiply that with the hundred of hours if not thousand- you are looking at IP running into the $100k bracket. Can we go easy on the smugness? Just saying, do not look a gift horse in the mouth...
Very true. I recently tried to get a similar type of dashboard created by a coder and the project was a mess and unusable. The software we got access to on this thread is first class.
EX BBMA trader focusing on REE code.
  • #7,005
  • Oct 20, 2019 10:41am Oct 20, 2019 10:41am
Quoting dethkult
Enjoying the money. Dare I say 99% win rate on my live account with AllPairs EA. Never hit SL even once since the start of BDX. The usual setting (50% adr etc.) I don't trade every pair. Only 11 pairs (those with low volatility, minus GBP and CHF). If there's no trades after NY session on Wednesday, I will close MT4. If there's trades, I will find opportunities to close manually before London session on Thursday, at the latest. This is usually where the 1% losing trades come from, but it's minimal losses so I can live with it. Monday mornings, I...
Thanks for the post.

Which 11 pairs do you use?
  • #7,006
  • Oct 20, 2019 5:08pm Oct 20, 2019 5:08pm
Happy new trading to everyone, please I am seeing this ERROR how can I resolve it? Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 72 KB
  • #7,007
  • Oct 20, 2019 5:13pm Oct 20, 2019 5:13pm
Quoting oluwagbenga
Happy new trading to everyone, please I am seeing this ERROR how can I resolve it? Thanks {image}
I have resolve it Thanks.
  • #7,008
  • Oct 20, 2019 7:34pm Oct 20, 2019 7:34pm
Quoting Viktory
{quote} Hello, @robots4me: Both threads were going very well, until all of a sudden they started to slow down, up to the point of almost being dead now... What happened with the system and all its satisfied "testers"? Are you still successfully trading it with auto-pilot (as it was intended) on a daily basis? I've seen that lately bishopdotun has only been involved with the following strategy: https://www.forexfactory.com/showthread.php?t=943338 Also with some tools created by you.
Hello @Viktory -- yes, the threads have slowed down, but they are not dead. Recall -- this thread was always about a collective work in progress -- and, amazingly, we succeeded. BDX has become a mature trading system and, so, there is no longer a need for a lot of "back and forth". -- though I do like to see people sharing their results and ideas.

I'm still interested in fixing bugs if / when they occur -- but from a technical standpoint I really don't have much else to add -- and, as you know, I'm not interested in constant tweaking and exploring hunches. BDX is simple and it works. And as you gain more experience using it and the insight it provides into reversal trading then it becomes an even more valuable tool in your toolbox.

And, yes, @bishopdotun has been interested in "basket trading" for some time and, more recently, so have I. It's much different than reversal trading, but also lends itself to automation (which is what interests me). Perhaps we'll have something to share down the road, but I'm pretty sure I won't be OP'ing another thread.
  • #7,009
  • Oct 20, 2019 8:23pm Oct 20, 2019 8:23pm
Quoting dethkult
Enjoying the money. Dare I say 99% win rate on my live account with AllPairs EA. Never hit SL even once since the start of BDX. The usual setting (50% adr etc.) I don't trade every pair. Only 11 pairs (those with low volatility, minus GBP and CHF). If there's no trades after NY session on Wednesday, I will close MT4. If there's trades, I will find opportunities to close manually before London session on Thursday, at the latest. This is usually where the 1% losing trades come from, but it's minimal losses so I can live with it. Monday mornings, I...
@dethkult -- I'm glad to hear it is working well for you. And it is interesting for me to learn you are avoiding GBP and CHF. Recently I've also been avoiding all GBP and CHF pairs.

And let's not forget to give credit to @Viktory for resurrecting the CC entries by pointing out the issue with the VortexFilter portion of the algorithm.
  • #7,010
  • Edited 9:27pm Oct 20, 2019 9:15pm | Edited 9:27pm
Quoting aaven
{quote} Even by conservative stand, Steve is easily billable in the $100/hr+. Multiply that with the hundred of hours if not thousand- you are looking at IP running into the $100k bracket. Can we go easy on the smugness? Just saying, do not look a gift horse in the mouth...
@aaven -- that $100/hr is the discounted rate I charge my kids...
  • #7,011
  • Oct 20, 2019 9:51pm Oct 20, 2019 9:51pm
Quoting YoungET
{quote} Hey R4M hope you're well. Found myself coming back to BDX again, it's just simply the best channel tool out there it seems, I was curious if there's an option to toggle off all the text the indicator paints at the top of the chart at all?

Hello @YoungET -- glad to see you back.

With regards to UI customizations -- there are too many requests and variations -- everyone wants it to look a bit different. And though toggling is easy enough to implement, but then the number of settings grows too large to be manageable. You must have encountered indicators with dozens of settings that make it appear too daunting to use -- but in the end most have to do with colors, font sizes, line widths, label locations, etc. I only want to deal with settings that affect how the software trades.

However, having said that, you can customize the appearance to some degree. If you right-click on the indicator a pop-up menu appears and you can select 'Objects List'. And from there you can delete specific labels. However, you would need to repeat this each time you launch the indicator.
  • #7,012
  • Oct 20, 2019 9:53pm Oct 20, 2019 9:53pm
Quoting robots4me
{quote} Hello @Viktory -- yes, the threads have slowed down, but they are not dead... . interested in "basket trading" for some time and, more recently, so have I. It's much different than reversal trading, but also lends itself to automation (which is what interests me). Perhaps we'll have something to share down the road, but I'm pretty sure I won't be OP'ing another thread.
Yes, I'm still using this system albeit using my own amateur indicators.
  • #7,013
  • Oct 21, 2019 4:38am Oct 21, 2019 4:38am
Quoting robots4me
{quote} @aaven -- that $100/hr is the discounted rate I charge my kids...
I don't doubt that for a second...Hence the key words "even by conservative standards"...
  • #7,014
  • Oct 24, 2019 9:06am Oct 24, 2019 9:06am
Hello all.

This is more directed towards @R4M and @bishopdotun

I have been trading with both BDX and BD and this week I was wondering what happened to the ADR cup and its importance? For a time this was a big part of the BD strat and it made sense but after changing to the BDX this though included seemed to be not needed or unnecessary.

So what about the BDX bands made the 70%cup unnecessary. I have gone through the posts in the thread and was unable to find an answer.

Thanks for any info.
EX BBMA trader focusing on REE code.
  • #7,015
  • Edited 1:09pm Oct 24, 2019 11:53am | Edited 1:09pm
Quoting Simontw
Hello all. This is more directed towards @R4M and @bishopdotun I have been trading with both BDX and BD and this week I was wondering what happened to the ADR cup and its importance? For a time this was a big part of the BD strat and it made sense but after changing to the BDX this though included seemed to be not needed or unnecessary. So what about the BDX bands made the 70%cup unnecessary. I have gone through the posts in the thread and was unable to find an answer. Thanks for any info.
Hello @Simontw -- good question. I'll take a stab at answering it...

Early in the development of the BD strategy @rosalieone made an interesting observation -- most extreme prices occurred around 60-70% ADR. And this was later confirmed using the RFM-ADRHistIndi and R4M-ADRIndi indicators. So I included MaxPercentAdrCup (or something similar) as a setting and it served as a nice filter -- i.e. to ignore candidate signals until 70% ADR had been achieved.

But as the software and trading strategy evolved and we did a better job with entries -- in particular, using CC -- then the need for that MaxPercentAdrCup filter became less important. That is, the CC entry works so well then MaxPercentAdrCup was no longer needed.

Below is a screen shot to better explain what I mean...

Attached Image (click to enlarge)
Click to Enlarge Name: MaxPercentAdrCup.png Size: 50 KB


The indicator in the subwindow shows the %ADR. And you can see that most of the CC entry signals map to a %ADR around 75% (or greater). Since the CC entries already do a good job of identifying an extreme price then MaxPercentAdrCup becomes less important and, in fact, it is probably best to use a low value so that it doesn't get in the way of CC entries doing their job.

Hope this helps...
  • #7,016
  • Oct 24, 2019 7:07pm Oct 24, 2019 7:07pm
Thanks very much for the explanation.
Makes sense. I guess I am over thinking it.
EX BBMA trader focusing on REE code.
  • #7,017
  • Oct 29, 2019 4:16pm Oct 29, 2019 4:16pm
I was pointed to this thread back in August and have been dabbling with the EA on one of my spare screens. I've read the entire thread which is well worth revisiting to see how everything unfolded.

While the EA has been fun to play around with and works flawlessly, people should not overlook the manual trading tools Steve has kindly supplied with the dashboard and alerts.

A great application is when stacking D1/H4/H1 side by side (standard settings previously posted). Example - If you get an entry signal on H4/H1 you can quickly check the location on the D1 and trade the signals that are in sync with the D1 chart.

You can run the trades within the Daily ADR swings and also avoid getting hit on the counter during big waterfall moves. It can compliment your existing strategy (mine being supply/demand/PA) or offer some discipline if trading multiple pairs.

There's loads of potential here if people are willing to dig deeper. It's a shame to see the thread go quiet but I guess people love searching for their next holy grail.

Anyway, cheers for the work Steve. It's really appreciated and a tool I am already using for my swing trading account.
  • #7,018
  • Oct 29, 2019 4:39pm Oct 29, 2019 4:39pm
Quoting C-12
It's a shame to see the thread go quiet but I guess people love searching for their next holy grail.
Maybe or maybe not that this is a sweeping statement. This system is good and solid.
As @robots4me did mention that he only want post with charts that highlight potential changes or any error for improvement.
Hence, the quietness does show that this system is matured, and it is out to other how they incorporate it into their trading.
He does not want this thread to be filled with charts that have all the hindsight profit which is of no value.
  • #7,019
  • Edited 5:12pm Oct 29, 2019 4:48pm | Edited 5:12pm
Quoting mixedbags
{quote} Maybe or maybe not that this is a sweeping statement. This system is good and solid. As @robots4me did mention that he only want post with charts that highlight potential changes or any error for improvement. Hence, the quietness does show that this system is matured, and it is out to other how they incorporate it into their trading. He does not want this thread to be filled with charts that have all the hindsight profit which is of no value.
Totally agree, everything is complete with no bugs that i have found. I am merely paying respect to the work and highlighting the potential for the manual tools provided.
  • #7,020
  • Oct 29, 2019 5:28pm Oct 29, 2019 5:28pm
Are any of you trading this EA with more than 0.01 or 0.02 lots? What account amount do you recommend to start moving up the lot sizes? And what's the max number of trades to be not overexposed?
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