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DOS. Daily Open Strategy. Easy To Trade, Simple To Win (EA..soon)

  • #221
  • Oct 26, 2020 10:03pm Oct 26, 2020 10:03pm
Quoting fx4money
{quote} this test based on 1 pair?
Yep
  • #222
  • Oct 26, 2020 10:03pm Oct 26, 2020 10:03pm
Quoting smilee89
{quote} Yep
what was the take profit set for the ea?
LUCKY golden trades, LUCKY gold investor trading style
  • #223
  • Oct 26, 2020 10:06pm Oct 26, 2020 10:06pm
Quoting fx4money
{quote} what was the take profit set for the ea?
30
  • #224
  • Oct 26, 2020 10:08pm Oct 26, 2020 10:08pm
Could you explain how to tackle these kind of situations. Marked with the red vertical line.
Attached Image (click to enlarge)
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  • #225
  • Oct 26, 2020 10:14pm Oct 26, 2020 10:14pm
Quoting kudafoolhu
Could you explain how to tackle these kind of situations. Marked with the red vertical line. {image}
I already mentioned that volatile pairs will need to have a bigger body size as an entry signal.
Minimum 130-135 pips.
This bar on 20.2.2020 is ~120 pips.
  • #226
  • Oct 26, 2020 10:46pm Oct 26, 2020 10:46pm
EURAUD should look like this:
Attached Image (click to enlarge)
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  • #227
  • Oct 26, 2020 11:25pm Oct 26, 2020 11:25pm
Hey Smilee89,

When do you think you would share a version of this EA? I would love to try it out and test with you guys.
  • #228
  • Oct 26, 2020 11:53pm Oct 26, 2020 11:53pm
Quoting smilee89
{quote} If you want me to help, send the whole picture. That means it should include: pair name in top left, time frame in top left, dates in the bottom and price scale on the right hand side.
you can see below. thenk yoyu for your help
Attached Image (click to enlarge)
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  • #229
  • Oct 27, 2020 12:50am Oct 27, 2020 12:50am
Quoting smilee89
{quote} I already mentioned that volatile pairs will need to have a bigger body size as an entry signal. Minimum 130-135 pips. This bar on 20.2.2020 is ~120 pips.
fixing this minimum value to each pair will be important
LUCKY golden trades, LUCKY gold investor trading style
  • #230
  • Oct 27, 2020 12:57am Oct 27, 2020 12:57am
Quoting zer2008
{quote} you can see below. thenk yoyu for your help {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 57678dd9e9cec9482c325fd212f15025.png Size: 48 KB
  • #231
  • Oct 27, 2020 1:07am Oct 27, 2020 1:07am
Quoting smilee89
{quote} {image}
Thank, I understand this system already.
  • #232
  • Oct 27, 2020 2:37am Oct 27, 2020 2:37am
Good News

I got the first version of my EA ready. It is still under optimization and will need more customizations.
I am not posting the EA here until I am completely satisfied with its execution.

At this phase I would like to ask some of you to cooperate with me in testing the EA with some currency pairs backtests.
For this, I look for those who have up-to-date historical data with 99% or 99.9% modelling quality for MT4 in most major pairs.
I will send you my up-to-date EA version, you will run tests with 99%+ modeling quality and send me back the result reports.

Contact me directly if you are interested in testing.

[email protected]
  • #233
  • Oct 27, 2020 6:59am Oct 27, 2020 6:59am
Quoting smilee89
{quote} 7 or 8 positions? Are you sure you understand the strategy? I suggest you read post #1 again and again before you trade it live.
I understand exactly how the strategy works, and I am trading it live. Once entry criteria has been met, it’s no different from any other average-down system.
  • #234
  • Oct 27, 2020 9:54am Oct 27, 2020 9:54am
Quoting ChicagoRob
{quote} I understand exactly how the strategy works, and I am trading it live. Once entry criteria has been met, it’s no different from any other average-down system.
yes, except this system is using daily cs close and certain range and seems to me more like looking for reversal, but not a bad system
LUCKY golden trades, LUCKY gold investor trading style
  • #235
  • Oct 27, 2020 10:22am Oct 27, 2020 10:22am
Quoting fx4money
{quote} yes, except this system is using daily cs close and certain range and seems to me more like looking for reversal, but not a bad system
Agree. I’ve spent 10 years experimenting with martingale, averaging, and grid systems. I just couldn’t get used to the massive DD that would occur every now and then. I like the OP’s system approach, though, and look forward to good results.
  • #236
  • Oct 27, 2020 11:06am Oct 27, 2020 11:06am
Quoting ChicagoRob
{quote} Agree. I’ve spent 10 years experimenting with martingale, averaging, and grid systems. I just couldn’t get used to the massive DD that would occur every now and then. I like the OP’s system approach, though, and look forward to good results.
i have changed from martingale to same lot size system, and using daily close value as a reference for low drawdown, of course we need to be more patience, but it is way better than martingale. my system add moving average to determine direction, which i feel a safer way to trade
LUCKY golden trades, LUCKY gold investor trading style
  • #237
  • Oct 27, 2020 11:32am Oct 27, 2020 11:32am
Quoting fx4money
{quote} i have changed from martingale to same lot size system, and using daily close value as a reference for low drawdown, of course we need to be more patience, but it is way better than martingale. my system add moving average to determine direction, which i feel a safer way to trade
Are you talking about improvements you added to this system?
  • #238
  • Oct 27, 2020 11:42am Oct 27, 2020 11:42am
Quoting Merka
{quote} Are you talking about improvements you added to this system?
not really an improvement to this system, just another variance that i have been using.
LUCKY golden trades, LUCKY gold investor trading style
  • #239
  • Oct 27, 2020 1:09pm Oct 27, 2020 1:09pm
Quoting fx4money
{quote} i have changed from martingale to same lot size system, and using daily close value as a reference for low drawdown, of course we need to be more patience, but it is way better than martingale. my system add moving average to determine direction, which i feel a safer way to trade
Adding a MA makes sense to me and some basic tests showed it added value.
  • #240
  • Oct 27, 2020 8:57pm Oct 27, 2020 8:57pm
Quoting fx4money
{quote} i have changed from martingale to same lot size system, and using daily close value as a reference for low drawdown, of course we need to be more patience, but it is way better than martingale. my system add moving average to determine direction, which i feel a safer way to trade
May I ask what is the “daily close value” you are referring to?
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