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BTM - Expert Advisor (EA)

  • #81
  • Nov 10, 2019 1:48pm Nov 10, 2019 1:48pm
Quoting Impenia
{quote}Unfortunately, in that particular example, due to the huge volatility candles, the risk/reward ratio is quite skewed to the downside (very big risk for very little reward). Is it possible to filter out this kind of scenario?
Yes. We can create as many filters as we need.
And you will leave pain to take care of itself.
  • #82
  • Nov 10, 2019 2:06pm Nov 10, 2019 2:06pm
It's best to focus on tp 1, the highest probability of winning. In the original tread after tp 1 hit, 50 % transaction close, after that break even and we waiting to hit tp2 without fear
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  • #83
  • Nov 10, 2019 3:25pm Nov 10, 2019 3:25pm
Quoting Idne
It's best to focus on tp 1, the highest probability of winning. In the original tread after tp 1 hit, 50 % transaction close, after that break even and we waiting to hit tp2 without fear {image}
Very useful info. I guess it might be a good idea to just stick with TP1 then.

Waiting for TP2 will either hit target or come back to exit at BE. Unfortunately, we do not have enough info to determine if there's any EDGE here in waiting for TP2. We could possibly have more BE trades than TP2, thereby diminishing any advantage of the TP2. Would like to hear what others think.
Simplicity Is The Ultimate Sophistication!
  • #84
  • Nov 10, 2019 3:30pm Nov 10, 2019 3:30pm
Quoting Impenia
{quote}Very useful info. I guess it might be a good idea to just stick with TP1 then. Waiting for TP2 will either hit target or come back to exit at BE. Unfortunately, we do not have enough info to determine if there's any EDGE here in waiting for TP2. We could possibly have more BE trades than TP2, thereby diminishing any advantage of the TP2. Would like to hear what others think.
Yes, it is better to focus only on tp 1 and see what the result will be, then change something depending on the result
  • #85
  • Nov 10, 2019 3:53pm Nov 10, 2019 3:53pm
maybe it makes sence to open 2 positions each with half of your risk appetite ..same SL..one close out when TP1 is hit ..the other then set to break even ..so second position runs risk free..if TP2 hit it`s fine..close second one. (Scaling out method).
  • #86
  • Nov 10, 2019 4:16pm Nov 10, 2019 4:16pm
Quoting baxter01
maybe it makes sence to open 2 positions each with half of your risk appetite ..same SL..one close out when TP1 is hit ..the other then set to break even ..so second position runs risk free..if TP2 hit it`s fine..close second one. (Scaling out method).
This was in the original rules set out (copy and pasted) see tips 5, when i was in testing i followed this and had great success

TIPS 1 : when price comes near the trend indicator,it will get back in area ,so when an entry signal appear but candles are out of the trend indicator,trade carefully . this tips makes you less SL and better exit of trade .

TIPS 2 : the TP and SL is based on daily Pivot Points. thats the most reliable S\R area in the market . so you are placing your TP and SL professionally.

TIPS 3 : When trend indicator shows the main trend too strong by degree of it's steps,if your tp2 is almost to hit,as trend is powerful,you can shift your TP to news day TP's . if no new buy signal in the new day,if trend still bullish,tp and sl wont change and it is as same as the previous day .

TIPS 4 : If you have a BUY trade based on rules,if during that day your trade didnt reach to tp and in new day you get another BUY signal followed by rules,you can add more buy and place both BUY trade's tp to new day's tp .

TIPS 5 : If you are going to open a trade with 1 lot,place two order with 0.5 lot,when 60% of tp done,make them break even,when tp1 hit,close one of your trade and let other one hit tp2 (safe trade method) .

TIPS 6 : If you get signal near trend indicator bands,it is risky to take that trade,because TIPS 1 told us price comes back inside .

TIPS 7 : If you get signal but price is near to your tp, risk/reward will not good.Always check risk/reward.
  • #87
  • Nov 10, 2019 6:01pm Nov 10, 2019 6:01pm
So for initial release:

(1) Only TP1 at r1/s1
(2) SL at opposite side s1/r1
(3) reward>=risk

Example: EC
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And you will leave pain to take care of itself.
  • #88
  • Nov 10, 2019 7:04pm Nov 10, 2019 7:04pm
Two alerts right now: AJ and CJ
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And you will leave pain to take care of itself.
  • #89
  • Nov 10, 2019 7:11pm Nov 10, 2019 7:11pm
UJ - down arrow without downtrend - no signal
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And you will leave pain to take care of itself.
  • #90
  • Nov 10, 2019 7:19pm Nov 10, 2019 7:19pm
Quoting JoeeF
Two alerts right now: AJ and CJ {image} {image} {image} {image}
Quoting JoeeF
UJ - down arrow without downtrend - no signal {image} {image}
On the next candle that arrows have disappeared from dashboard tab.
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And you will leave pain to take care of itself.
  • #91
  • Nov 10, 2019 7:29pm Nov 10, 2019 7:29pm
Quoting JoeeF
Two alerts right now: AJ and CJ {image} {image} {image} {image}
The trades haven't been opened by the EA:

AUDJPY:
bid:74.783, r1:75.400, s1:74.584, reward:198.7 points, risk:617.3 points

CADJPY:
bid:82.465, r1:82.920, s1:82.293, reward:172.0 points, risk:455.0 points

Bad RRR for both signals.
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And you will leave pain to take care of itself.
  • #92
  • Nov 10, 2019 8:45pm Nov 10, 2019 8:45pm
Quoting JoeeF
So for initial release: (1) Only TP1 at r1/s1 (2) SL at opposite side s1/r1 (3) reward>=risk Example: EC {image} {image}
- This was a win trade but due to tip 6 in original thread and all traders's observation, signal will be better if Tp1 inside the band, u will have less trade, less pips but better winrate and lower drawdown.
- I dont mind poor R/R, so can u make this a changeable input value.
- A picture from old thread
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  • #93
  • Nov 10, 2019 8:57pm Nov 10, 2019 8:57pm
Quoting trieuVhh
{quote} - This was a win trade but due to tip 6 in original thread and all traders's observation, signal will be better if Tp1 inside the band, u will have less trade, less pips but better winrate and lower drawdown. - I dont mind poor R/R, so can u make this a changeable input value. - A picture from old thread {image}
Thank you for your input. I'm collecting all notes.

The first version is ready to release with basic functionality. We need to start.

All improvements will continue ...
And you will leave pain to take care of itself.
  • #94
  • Nov 10, 2019 9:34pm Nov 10, 2019 9:34pm
Quoting trieuVhh
{quote} - This was a win trade but due to tip 6 in original thread and all traders's observation, signal will be better if Tp1 inside the band, u will have less trade, less pips but better winrate and lower drawdown. - I dont mind poor R/R, so can u make this a changeable input value. - A picture from old thread {image}
what bands are you using
  • #95
  • Nov 10, 2019 9:53pm Nov 10, 2019 9:53pm
Quoting tyremalik
{quote} what bands are you using
Please read at least a few first posts ...
regards
And you will leave pain to take care of itself.
  • #96
  • Nov 10, 2019 10:01pm Nov 10, 2019 10:01pm
You can download JF4XTrader v1.01 from the first post of this thread.

Please be sure you read at least "A quick start" chapter in User Guide.

Stay green.
And you will leave pain to take care of itself.
  • #97
  • Nov 10, 2019 10:33pm Nov 10, 2019 10:33pm
Quoting JoeeF
You can download JF4XTrader v1.01 from the first post of this thread. Please be sure you read at least "A quick start" chapter in User Guide. Stay green.
Thank you Joeef, Sorry for missing that part
  • #98
  • Nov 10, 2019 11:31pm Nov 10, 2019 11:31pm
Quoting Azis1234
{quote} Great this will save us a lot of waisted time if it's not. I hope it can be successfully backtested with a strategy tester.
please tell how you set all thing up?
  • #99
  • Nov 11, 2019 12:46am Nov 11, 2019 12:46am
NZDJPY:

Someone else has received this signal?
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And you will leave pain to take care of itself.
  • #100
  • Nov 11, 2019 12:48am Nov 11, 2019 12:48am
Quoting JoeeF
NZDJPY: {image} {image}
All seems ok by my side, same signal for NZDJPY but no open order to bad rr right?
Really thanks for effort
Regards
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