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  • #6,601
  • Edited 12:35pm Apr 20, 2020 12:03pm | Edited 12:35pm
Quoting seller9
Don't use Currency Trader v5 yet. It looks like something happened to the RSIs in version 5. I will need to see what the problem is. Don't use them until I can check them out.

Hi Seller9

Yes i agree something is a bit off with the new RSI. its seems to trade many of the signals but definitely dont trade all of them..
I am using it in combination with HAS

Below are two examples of trades it should have taken but did not..

regards

H
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  • #6,602
  • Apr 20, 2020 12:07pm Apr 20, 2020 12:07pm
Ok so i missed the message from Seller9 not to trade the new CT v5. I set up 9 MT4 platforms last night to test the new RSI and went out for the day

Here are my results anyway..

regards

H
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  • #6,603
  • Edited 4:13pm Apr 20, 2020 12:17pm | Edited 4:13pm
Question to Seller9

In terms of the new RSI

,... lets look at two long trade setups:
Should the cross take place below the signal line only ? or can it take place above as well?

regards

H
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  • #6,604
  • Apr 20, 2020 12:33pm Apr 20, 2020 12:33pm
Quoting HMuller1971
Ok so i missed the message from Seller9 not to trade the new CT v5. I set up 9 MT4 platforms last night to test the new RSI and went out for the day Here are my results anyway.. regards H {image} {image} {image} {image} {image} {image} {image} {image} {image}
appears your Rsi was working though... nice results
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #6,605
  • Apr 20, 2020 1:56pm Apr 20, 2020 1:56pm
A fixed version 5 has been sent out.

One of those cut and paste errors got me.
  • #6,606
  • Apr 20, 2020 2:04pm Apr 20, 2020 2:04pm
Quoting HMuller1971
Question to Seller9 In terms of the new RSI ,... lets look at two long trade setups: Should the cross take place below the signal line only ? or can it take place above as well? (Screenshots 3 and 4 below) regards H {image} {image}
if(RSI_price_present<Low_Level && RSI_price_present>MA_present && RSI_price_previous<MA_previous) = Buy;
if(RSI_price_present>High_Level && RSI_price_present<MA_present && RSI_price_previous>MA_previous) = Sell;
  • #6,607
  • Apr 20, 2020 2:11pm Apr 20, 2020 2:11pm
Quoting HMuller1971
Hi Seller9 Hope you and your family are well. I have a request. Successful shorter TF trading is still alluding most of us (maybe all, i dont know) . I know that I, for one, am very interested in short term setups. But we all know that its a very difficult thing to accomplish. Can you please consider including a Pip locker into the CT dashboard settings in the future?? Like you have in the HAS TS It will be the perfect exit tool for short term setups and to combine with the new RSI. Trading shorter TF setups (M15 and M30) is what I want to do. I...
Couple questions:

1) What happens if the trade does not move 5 pips positive but goes against you before the SL is created?

2) Do you have a TP point or just wait for the TSL to take you out?

Scalping can be dangerous as one bad trade can wipe out a bunch of good small pip gains.
You also need a Broker with fixed and small spreads and good execution speed.
  • #6,608
  • Apr 20, 2020 2:14pm Apr 20, 2020 2:14pm
Quoting HMuller1971
{quote} Hi Seller9 Yes i agree something is a bit off with the new RSI. its seems to trade many of the signals but definitely dont trade all of them.. I am using it in combination with HAS Below are two examples of trades it should have taken but did not.. regards H {image} {image}
You need to adjust your levels if you want those trades to trigger.
  • #6,609
  • Edited 5:40pm Apr 20, 2020 5:00pm | Edited 5:40pm
Quoting seller9
{quote} Couple questions: 1) What happens if the trade does not move 5 pips positive but goes against you before the SL is created? 2) Do you have a TP point or just wait for the TSL to take you out? Scalping can be dangerous as one bad trade can wipe out a bunch of good small pip gains. You also need a Broker with fixed and small spreads and good execution speed.

HI Seller9

I hear your concerns about scalping.

If i were to do scalping I would always use a DB SL of 0,2 or 0,3 if I dont have another form of hard exit I can use..

But if you could include a TP and SL in the settings of the CT Dashboard ( based on Pips ) as a global setting for FX pairs that would be great.
I know that I would definitely use this functionality

The SL (in pips) will enable me to set a hard stop, should the first level of the locker not be activated.

I am not a scalp expert and I dont have all the answers right now. , I just believe it will be a good addition to the CT DB because many people would want to scalp.
I for one would love to try scalping.

Yes of course you will require a broker with fast execution speeds etc.. this is up to the users to search for a decent broker.

Just my humble thoughts.

Below is a snapshot of an imaginary Pip Locker and its values If i were able to build my own one.

regards

H
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  • #6,610
  • Apr 20, 2020 5:02pm Apr 20, 2020 5:02pm
Quoting seller9
A fixed version 5 has been sent out. One of those cut and paste errors got me.
Does the fix include a correction on the S9_IMA_RSI_v1 indicator when higher time frame is used?

Here is S9_IMA_RSI_v1 compared to normal RSI at 1440

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  • #6,611
  • Apr 20, 2020 7:05pm Apr 20, 2020 7:05pm
Quoting JustUncleL
{quote} Does the fix include a correction on the S9_IMA_RSI_v1 indicator when higher time frame is used? Here is S9_IMA_RSI_v1 compared to normal RSI at 1440 {image}
The S9 indy is not a MTF RSI, it should be set to the time frame of the chart it is on or set to 0.
I should have left that setting off as it may cause some confusion.
I think I will remove it.
  • #6,612
  • Apr 20, 2020 7:07pm Apr 20, 2020 7:07pm
Here is the RSI 1 so far over the last couple of hours, looks to be OK now.

60,2,5,70,30,f,f,f,f,t,2,1

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  • #6,613
  • Apr 20, 2020 8:22pm Apr 20, 2020 8:22pm
Here is my first day with Dual Swinger on S9_CT_V5 on H4 charts, looking good so far

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here is another setup I like, still on v4, this is a continuation from last week as is had not hit target

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I cancelled all my S9_CT_V5 RSI tests from yesterday and will restart today with the corrected v5.
  • #6,614
  • Edited 8:50am Apr 21, 2020 2:24am | Edited 8:50am
Quoting seller9
{quote} if(RSI_price_present<Low_Level && RSI_price_present>MA_present && RSI_price_previous<MA_previous) = Buy; if(RSI_price_present>High_Level && RSI_price_present<MA_present && RSI_price_previous>MA_previous) = Sell;

HI Seller9

The new RSI logic is making a huge difference. I have run overnight comparisons tests on 15, 30, 60 and 240 TF. where i benchmark the old setup against the new setup
The new RSI has much smaller DDs and cuts out 50 to 60% of the trades. its really amazing. I am very encouraged.

Can I make a suggestion.

I believe that the new RSI logic can be made even better if you make the following small change:


if(RSI_price_previous<Low_Level && RSI_price_present>MA_present && RSI_price_previous<MA_previous) = Buy;
if(RSI_price_previous>High_Level && RSI_price_present<MA_present && RSI_price_previous>MA_previous) = Sell;


The thing is that with the current logic, I have to make my trigger levels very wide (80 / 20) to capture more trades but this means that I will start getting into many trades that are less good. We all know that the best trades develop at the more extreme levels (e.g. 90 / 10)

With the above suggested logic change, I can set my trigger levels wide (90/10) and it also will ensure that trades will be taken even if the cross takes place above the 10 or below the 90 trigger levels.

At the moment a vast amount of trades are cut because they trigger just above the lower trigger level (for longs) or just below the upper trigger Level (for shorts).
I know that you suggested to relax my trigger levels even more, but I dont want to do this. it will result in a whole lot of terrible trades being included. Best trades are when the RSI reaches the 90 or 10 levels

I want the ability to have wide trigger levels (e.g. 90 / 10) which filters for good quality setups, but i also want these filtered trades to be executed if the crossover for longs (e.g. RSI_price_present>MA_present) takes place above the lower trigger level

and

the crossover for shorts (e.g. RSI_price_present<MA_present) takes place below the upper trigger level.


Please, consider this. The snapshot below shows the type of trades we are missing

kind regards

H
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  • #6,615
  • Apr 21, 2020 3:53pm Apr 21, 2020 3:53pm
Quoting HMuller1971
Ok so i missed the message from Seller9 not to trade the new CT v5. I set up 9 MT4 platforms last night to test the new RSI and went out for the day Here are my results anyway.. regards H {image} {image} {image} {image} {image} {image} {image} {image} {image}
hi H,

we heard a lot of people saying trade signals are more valid on the higher TF and yet in these tests of yours, the lower TF showed to be more successful.

i remember when i was starting out, the thread that i was following traded on a 5min TF, the guy was doing manual trading and was so succesful, he used to trade for a bank in Singapore. i studied it but cannot do the actual trading as its more effective during London session, usually my sleep hours.

did your hedge fund group traded on a specific TF?
what is your take on the correct TF to trade on?
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #6,616
  • Edited 4:57pm Apr 21, 2020 4:40pm | Edited 4:57pm
Quoting lananpips
{quote} hi H, we heard a lot of people saying trade signals are more valid on the longer TF and yet in these tests of yours, the shorter TF showed to be more successful. i remember when i was starting out, the thread that i was following traded on a 5min TF, the guy was doing manual trading and was so succesful, he used to trade for a bank in Singapore. did your hedge fund group traded on a specific TF? what is your take on the correct TF to trade on?

Hi lanapips

my personal belief is that its a misnomer to say that longer TFs have better results, It all depends on the strategy and what brokerage you pay.

At the hedge fund where i worked, we had a few strategies. each of them were different and were traded on a different TF.
Some strategies just work better on certain TFs.

Now,... shorter TF do tend to have higher levels of volatility and longer TFs tend to have less volatility.
Some strategies, like Relative Value Arbitrage strategies (which is what we specialized in) thrive on high volatility environments and therefore need lower TFs to do well, but at these lower TFs the runs are very small and you need a very very fast up-link to your broker (we used a satellite up-link to shave milliseconds off execution times) and your brokerage costs need to be near nothing, and this is the challenge.

Because we traded such large volumes, we could muscle brokerage fees down to nothing and so trading at lower TFs can become very profitable..

Because we are here and now (just the average guy next door) we will not have the ability to squeeze the brokers to give better brokes, so, all we can do is be clever about this. The only thing we can do is have a strategy that has a high probability of explosive short term moves from the get go and a method to lock in those pips very quickly. this is why i want a pip locker. The DB TSL settings do not allow for very small incremental settings (e.g. less than 0,1) and therefore is not sensitive enough for M1, M5 or maybe even M15 trading.

From what I have seen, I think this can be done and even more effectively so if Seller9 can incorporate a pip locker into the CT DB. then I believe M5 and M15 can be successfully traded. I have not looked at M1 yet. I believe M15 and M30 is very doable. I have tried for many many months to get M5 to work with many different set ups,.. but nothing worked until today (this afternoon) when i decided to try the new RSI on 5M and this was the first time i could actually maintain a high win rate of 70% and a very nicely increasing equity curve, but later the afternoon I gave away all the wins because i cannot lock in really small pip runs. Using the DB TSL in terms of ADRs is very limiting.


Please note: Im not negative about the DB SL. Its a great tool and very necessary. I just believe we need extra tools in our toolbox.
We already have a set of large hammers, now we need a set of really small hammers to do very fine and precision work..

In any case, maybe this is a pipe dream.. All i want to do is high frequency trading. I would rather do 100 trades per day taking a few pips after costs and keep my Stop Loss level very tight than to do only a few larger trades in the day. This is very contrary to what many people believe and feel.. I know that Seller9 likes less trading with larger moves. I think I might be the only crazy one here..

If you can give me the right tools i will make it work, or at least Ill die trying..

)))

regards

H
  • #6,617
  • Apr 21, 2020 5:16pm Apr 21, 2020 5:16pm
Quoting HMuller1971
{quote} I think I might be the only crazy one here.. If you can give me the right tools i will make it work, or at least Ill die trying.. ))) regards H
I don't agree with the scalp and i may be wrong. I do like hearing other peoples point of view and think it's important to explore new ideas, some day I may change my mind to a lower time frame. I am a big fan of profit, don't really care how it is made (well legally at least haha) Keep the ideas rolling. Still a firm D1 trader here. That said here are some H1 charts lol.

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  • #6,618
  • Apr 21, 2020 6:18pm Apr 21, 2020 6:18pm
Here is an example of a strategy working better on a higher time frame. I'm using the new Dual Swinger strategy with the default swing period lengths:

Result at 60m time frame very poor:

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whereas at 240m time frame completely different story:

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  • #6,619
  • Apr 21, 2020 6:32pm Apr 21, 2020 6:32pm
Quoting HMuller1971
{quote} Hi lanapips my personal belief is that its a misnomer to say that longer TFs have better results, It all depends on the strategy and what brokerage you pay. At the hedge fund where i worked, we had a few strategies. each of them were different and were traded on a different TF. Some strategies just work better on certain TFs. Now,... shorter TF do tend to have higher levels of volatility and longer TFs tend to have less volatility. Some strategies, like Relative Value Arbitrage strategies (which is what we specialized in) thrive on high...

Thanks for your response H.

i am normally scared to trade the lower tF but was inspired with what you shared.
i will be testing the 15 and 30 tfs this week using your setup.

i'm sure many of us had experienced the all Green now and all Red later lol, that's one of my struggles as well.
i've been practicing one and done on my live account but then i'll watch the other practice DB [with same setup] going off and now i had the feeling of 'leaving something on the table' or greed will kick in...some habits are really hard to break.

but with that observation you had, Green to Red, how often does that happen in a week?
i asked because, i also noticed that my Greens will reach its peak around 7am PST and will go to Red after that.
with this observation, i am thinking of closing all trades around that time.
my 7am might be your afternoon.

but yeah, let's keep our minds open and continue... maybe someday
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #6,620
  • Apr 21, 2020 6:34pm Apr 21, 2020 6:34pm
Quoting JustUncleL
Here is an example of a strategy working better on a higher time frame. I'm using the new Dual Swinger strategy with the default swing period lengths: Result at 60m time frame very poor: {image} whereas at 240m time frame completely different story: {image}
hmmm, that's interesting, thanks for sharing that uncle
When the internal struggle ends, everything becomes easy - Mr. Douglas
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