Daily Breakout Centipede System | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Another simple breakout system 32 replies

Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies

Building an Equity Centipede 27 replies

Daily GBP/JPY Breakout System 148 replies

RSI+Breakout (Simple Daily System) 13 replies

Attachments: Daily Breakout Centipede System
Exit Attachments

Daily Breakout Centipede System

  • #21
  • Apr 13, 2020 10:36pm Apr 13, 2020 10:36pm
ii) Add more trades in the direction of the core open trade - building centipede every 40pip distance

Is it possible to close the profitable trade then activate the new pending order ?

Would like to bag the profit rather than let it being open in case of a big reversal.

Thx
  • #22
  • Apr 14, 2020 12:39am Apr 14, 2020 12:39am
Quoting yambo128
ii) Add more trades in the direction of the core open trade - building centipede every 40pip distance Is it possible to close the profitable trade then activate the new pending order ? Would like to bag the profit rather than let it being open in case of a big reversal. Thx
Ok its dynamically going to close all the trades when there is a daily signal reversal.

If you specifically want to bag the profit and take a new trade , I can create a seperate version of EA but not sure if it will be profitable..
Scoobi doobi doo
  • #23
  • Apr 14, 2020 1:28am Apr 14, 2020 1:28am
Awesome thread! I’ll enjoy watching it develop. Getting confused by the hedge verbiage though.

is this a hedging EA? Ie not Eligible in ya due to FIFO ?
  • #24
  • Apr 14, 2020 1:46am Apr 14, 2020 1:46am
Yes please create a separate EA and I will test it

Can one manually close the profitable trade ? How will this effect the EA

Many thx
  • #25
  • Apr 14, 2020 8:35am Apr 14, 2020 8:35am
Quoting tradeChaser
Awesome thread! I’ll enjoy watching it develop. Getting confused by the hedge verbiage though. is this a hedging EA? Ie not Eligible in ya due to FIFO ?
No hedging here tradeChaser it wont hit FIFO bottleneck
Scoobi doobi doo
  • #26
  • Apr 14, 2020 8:36am Apr 14, 2020 8:36am
Quoting yambo128
Yes please create a separate EA and I will test it Can one manually close the profitable trade ? How will this effect the EA Many thx
The notion of building centipede is to add onto the winners, because when some pairs trend we are going to make good pips with this EA (with bunch of trades in right direction), if you keep clearing the trades too soon it will under perform is my humble opinion.
I will work on creating EA V2 only for you, DM me you can test it separately. hope it helps. thanks!
Scoobi doobi doo
  • #27
  • Apr 14, 2020 8:50am Apr 14, 2020 8:50am
Sorry dont know how to DM you

Please advise
  • #28
  • Apr 14, 2020 10:28am Apr 14, 2020 10:28am
Quoting yambo128
Sorry dont know how to DM you Please advise
ok nevermind, I will respond here in thread this weekend once done with V2. tks
Scoobi doobi doo
  • #29
  • Apr 14, 2020 1:00pm Apr 14, 2020 1:00pm
Thanks to Scoobidoobi for sharing this EA. I would like to have a try on V2. Thanks
  • #30
  • Apr 14, 2020 1:37pm Apr 14, 2020 1:37pm
Quoting hc2000
Thanks to Scoobidoobi for sharing this EA. I would like to have a try on V2. Thanks
V2 is for Yambo only cheers
Scoobi doobi doo
  • #31
  • Edited 2:22am Apr 16, 2020 1:26am | Edited 2:22am
Quoting Scoobidoobi
{quote} V2 is for Yambo only cheers
Hi Scoobidoobi,

I have tested your system very OK. But as Yambo said, the idea of interest is very good.

I think when adding tp and stoploss in% accounts then tp or stop.


Can you let me test V2?

Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: test.png Size: 34 KB
  • #32
  • Apr 16, 2020 6:53am Apr 16, 2020 6:53am
Quoting socgaufamily
{quote} Hi Scoobidoobi, I have tested your system very OK. But as Yambo said, the idea of interest is very good. I think when adding tp and stoploss in% accounts then tp or stop. Can you let me test V2? Thank you. {image}
stoploss is hidden for all the trades if there is swing long position , prev daily low would act as crashpoint stoploss and vice versa.., For take profit its entirely open as long the trend continues it keeps adding/holding the positions you can see in the trade explorer attached the gold trades buy from 1617$ until now 1748$ odd its still long and holding if there is a daily weakness and close below prev. low it will auto close all the positions and take profit..
Scoobi doobi doo
  • #33
  • Apr 16, 2020 8:01am Apr 16, 2020 8:01am
Quoting Scoobidoobi
{quote} stoploss is hidden for all the trades if there is swing long position , prev daily low would act as crashpoint stoploss and vice versa.., For take profit its entirely open as long the trend continues it keeps adding/holding the positions you can see in the trade explorer attached the gold trades buy from 1617$ until now 1748$ odd its still long and holding if there is a daily weakness and close below prev. low it will auto close all the positions and take profit..
But because EA automatically activated the new command after "Add more trades in the direction of the core open trade - building centipede every 40pip distance". So if it takes a very long time for BO to run, the EA system will still run against the trend due to the previous command, when BO will trigger stop lost, it will lead to a loss.
So if you can add TP when win and stop lost when starting a new order, it will be less loss.
Sorry because English is not my primary language.
Thank you if you can let me test version V2.
  • #34
  • Apr 16, 2020 10:00am Apr 16, 2020 10:00am
Quoting socgaufamily
{quote} But because EA automatically activated the new command after "Add more trades in the direction of the core open trade - building centipede every 40pip distance". So if it takes a very long time for BO to run, the EA system will still run against the trend due to the previous command, when BO will trigger stop lost, it will lead to a loss. So if you can add TP when win and stop lost when starting a new order, it will be less loss. Sorry because English is not my primary language. Thank you if you can let me test version V2.
ok I will create V2 and send across over weekend. cheerio..
Scoobi doobi doo
  • #35
  • Apr 16, 2020 10:17am Apr 16, 2020 10:17am
Quoting Scoobidoobi
{quote} ok I will create V2 and send across over weekend. cheerio..
I look forward to test v2. Thank you so much for sharing.
  • #36
  • May 1, 2020 1:57am May 1, 2020 1:57am
Thanks for sharing with us, not only this, by other wonderful and out of the box ideas Scoobidoobi. I was playing with Dailyswingcentipede and assigning it on even smaller time frames then daily./hourly with 10 pipstep and 15 min with 2 pipstep/ It's working! As for SL and TP suggestions, i do not think that that SL is big issue because being taken out at previous candle high or low should not hurt much, but having opportunity to cash profits after user selection of steps would be wonderful idea! Playing with those smaller TF, in many cases I see that if price moved 4 steps /40 pips at hourly or 8 pips at 15 minutes, as I was playing with/, fifth step /or any other/, should not be new trade opening, but instead all trades closing command. After rinsing, starting new sets of trades could be also user choice /same, next or after x candles/.

Scoobidoobi all the best and thanks for trying to help us to find the light at the end of the tunnel!
  • #37
  • May 1, 2020 9:27am May 1, 2020 9:27am
Good day, newbie here...first, thanks for sharing and second, how do I attach this EA to my charts? Thanks again, AJ.
  • #38
  • May 1, 2020 11:43am May 1, 2020 11:43am
Quoting Bondone
Thanks for sharing with us, not only this, by other wonderful and out of the box ideas Scoobidoobi. I was playing with Dailyswingcentipede and assigning it on even smaller time frames then daily./hourly with 10 pipstep and 15 min with 2 pipstep/ It's working! As for SL and TP suggestions, i do not think that that SL is big issue because being taken out at previous candle high or low should not hurt much, but having opportunity to cash profits after user selection of steps would be wonderful idea! Playing with those smaller TF, in many cases I see...
Thanks Bondone, please share your version of EA and how to use it better will be helpful for the members.. much appreciated!
Scoobi doobi doo
  • #39
  • May 1, 2020 3:11pm May 1, 2020 3:11pm
Quoting jacksan
Good day, newbie here...first, thanks for sharing and second, how do I attach this EA to my charts? Thanks again, AJ.
file=>navigator=>expert advisor => attach to chart (place the expert in meta trader experts directory using file-> open data folder)

cheerio,
scoobi
Scoobi doobi doo
  • #40
  • May 1, 2020 3:23pm May 1, 2020 3:23pm
Still your EA Scoobidoobi, just with hedge field changed from default 400, to 100 at H1, and 20 at M15 chart. I did nice demo pips using it today at AUDUSD H1 chart and USDCHF 15 min chart. Opening of new trades was precisely as ordered by EA, but....trades were not closed in either case once previous bar H or L in opposite direction was reached. Still, that happened after orders were scaled for 5-6 legs in desired direction, so I was closing it manually, in overall profit.
Observation - EA should be activated along side of mid point of mid range previous candle, avoiding kind of engulfing candle where H-L would be far away from opening, or small bodied candle where next candles could bounce in both direction.

So I think by solving that closing H-L issue /which does not work maybe because of TF smaller then default, daily/, and adding desired # of opening steps with precise closing level, we could get unique scalping tool!
Thanks for your attention!
0 traders viewing now