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

  • #621
  • Dec 28, 2020 5:45am Dec 28, 2020 5:45am
Quoting smilee89
{quote} yonnie, instead of answering you the same answer I already wrote here more than once, you tell me: Why CJ should be traded in this picture in not more than 5 entries? {image} I don't trade CHF pairs at all.
Hi, just wanna ask about your backtest and experience on a variation of Drawdown recovery.

In your original strategy, the drawdown recovery starts on 1 day after first trade open, if the price goes against the trade direction. TP is then set to overall BE.

Have you tested if such recovery starts 2days later instead? ie let the trade open for one more day and keep TP at desired 20-50 pips

In my strategy I tested it and it improves win rate by 2-5% of already >85% win rate and DD reduced by about 2% (related to capital)

dunno how it may or may not improve your setup?
  • #622
  • Dec 30, 2020 5:38am Dec 30, 2020 5:38am
Quoting ze0202
Update. All matrix info now in Pips only.{file}
Can you please give a choice of selecting any symbol from market watch for symbols other than forex.
I trade indices.
Thank you.
Practice makes a person perfect
  • #623
  • Dec 30, 2020 6:10am Dec 30, 2020 6:10am
i found htis book,it will give more ideas on yuor strategy,although im not using this at the moment.
Attached File(s)
File Type: pdf WRB_Analysis_Tutorials_011914_v2.5.pdf   2.2 MB | 1,139 downloads
  • #624
  • Jan 4, 2021 6:15am Jan 4, 2021 6:15am
Hy no any news here for an Ea or a dashboard.... The amazing Dashboard_EA_DO_v1.03 it's expired.... i0d like to trade this strategy but manually is really hard for me....
Anyone?
Thanks
Regards
  • #625
  • Jan 4, 2021 7:54am Jan 4, 2021 7:54am
Quoting cescof
Hy no any news here for an Ea or a dashboard.... The amazing Dashboard_EA_DO_v1.03 it's expired.... i0d like to trade this strategy but manually is really hard for me.... Anyone? Thanks Regards
Why don't you try to develop your own system based on this strategy or write a script (or learn it?). I mean the discussion here is constructive but not really seeing anything to take for granted.

It is unlikely someone will give you things for nothing, at least it is out of interest and willingness to share "for free". If you are confident in this system and really want to profit from it, it may be good time to take actions, as you are believing your work will be paid back with profits from this.

To give you some confidence, I got 5% on one pair in Dec2020. Today I take profit 0.5% for 1 trade and averaged out 2nd trade with 0.125% growth. I am trading this live.

Good luck!
  • #626
  • Jan 4, 2021 7:58am Jan 4, 2021 7:58am
Quoting tommydoginti
{quote} Why don't you try to develop your own system based on this strategy or write a script (or learn it?). I mean the discussion here is constructive but not really seeing anything to take for granted. It is unlikely someone will give you things for nothing, at least it is out of interest and willingness to share "for free". If you are confident in this system and really want to profit from it, it may be good time to take actions, as you are believing your work will be paid back with profits from this. To give you some confidence, I got 5% on...
Thanks for answer, but i've just asked , also because at the start many were open to share here... I don't pretend anything, just asking....and obviusly i'm not yet confidend 100% and i'm not able to build my own dashboard....that's all.
Best regards
  • #627
  • Jan 4, 2021 9:27am Jan 4, 2021 9:27am
Quoting cescof
{quote} Thanks for answer, but i've just asked , also because at the start many were open to share here... I don't pretend anything, just asking....and obviusly i'm not yet confidend 100% and i'm not able to build my own dashboard....that's all. Best regards
an EA that expires, hinting the author has own agendas. Beware.

confidence can only be built by yourself via testing, developing and executing the trading approach. My take is relying solely on others usually cannot end up good
  • #628
  • Jan 4, 2021 10:18am Jan 4, 2021 10:18am
Quoting tommydoginti
{quote} an EA that expires, hinting the author has own agendas. Beware. confidence can only be built by yourself via testing, developing and executing the trading approach. My take is relying solely on others usually cannot end up good
There was a simply but really useful dashboard and yes i've tried to ask to the author
  • #629
  • Jan 4, 2021 1:22pm Jan 4, 2021 1:22pm
Finally read all posts.
It looks like a very interesting strategy.
I just have one concern: The account may be at risk without the stoploss.
  • #630
  • Edited 6:50pm Jan 4, 2021 6:18pm | Edited 6:50pm
Quoting maplefu0601
Finally read all posts. It looks like a very interesting strategy. I just have one concern: The account may be at risk without the stoploss.
True, so it is down to you to figure out how to control risk, or increase profit to shorten recovery for unlikely cases of a “loss”. The original strategy is playing pretty safe with low profit expectation.
  • #631
  • Jan 6, 2021 4:17am Jan 6, 2021 4:17am
smilee89 (https://www.forexfactory.com/smilee89)
thanks for you great work.
I writed the EA. hope to help everyone.

For account balance of each 10,000 the fixed lot size will be 0.01.

risk is 0.01.
i.e if account balance is 10,000 and loss up to 100 then close all Orders.
Attached File(s)
File Type: ex4 DailyOpenStrategy.ex4   30 KB | 527 downloads
File Type: mq4 DailyOpenStrategy.mq4   33 KB | 746 downloads
  • #632
  • Jan 6, 2021 9:05am Jan 6, 2021 9:05am
Quoting soko8
smilee89 (https://www.forexfactory.com/smilee89) thanks for you great work. I writed the EA. hope to help everyone. For account balance of each 10,000 the fixed lot size will be 0.01. risk is 0.01. i.e if account balance is 10,000 and loss up to 100 then close all Orders. {file} {file}
How do I need to modify the ea to get a lot size >0.01?
  • #633
  • Jan 6, 2021 3:53pm Jan 6, 2021 3:53pm
Quoting soko8
smilee89 (https://www.forexfactory.com/smilee89) thanks for you great work. I writed the EA. hope to help everyone. For account balance of each 10,000 the fixed lot size will be 0.01. risk is 0.01. i.e if account balance is 10,000 and loss up to 100 then close all Orders. {file} {file}
Where is it written in my post that closing the profit of basket should be related to the risk?
Where is it written in my post that I use ATR?
Where is it written in my post that all pairs have the same minimum body size?

If you want to invent a new strategy - do so, but not in this thread.
  • #634
  • Jan 6, 2021 4:14pm Jan 6, 2021 4:14pm
Please share your EA smilee89 that way it will be in line with your method

Thanks
  • #635
  • Jan 10, 2021 6:36pm Jan 10, 2021 6:36pm
Quoting smilee89
{quote} Where is it written in my post that closing the profit of basket should be related to the risk? Where is it written in my post that I use ATR? Where is it written in my post that all pairs have the same minimum body size? If you want to invent a new strategy - do so, but not in this thread.
smilee89 (https://www.forexfactory.com/smilee89)
Thank you for bringing it to my attention.
I just gathered the advice of the others.
If you insist it, I will modify it.

>>>Where is it written in my post that all pairs have the same minimum body size?
I can not understand this. Could you explain that please?
  • #636
  • Jan 10, 2021 10:25pm Jan 10, 2021 10:25pm
Quoting soko8
{quote} smilee89 (https://www.forexfactory.com/smilee89) Thank you for bringing it to my attention. I just gathered the advice of the others. If you insist it, I will modify it. >>>Where is it written in my post that all pairs have the same minimum body size? I can not understand this. Could you explain that please?
I suggest you and everyone else here to read this thread thoroughly, exhaustively and completely.
God's (or Devil's) in the details!!!

From original post:
Attached Image (click to enlarge)
Click to Enlarge Name: 651820d517bf9c07621e56379c846972.png Size: 37 KB
  • #637
  • Jan 10, 2021 11:55pm Jan 10, 2021 11:55pm
Quoting smilee89
{quote} I suggest you and everyone else here to read this thread thoroughly, exhaustively and completely. God's (or Devil's) in the details!!! From original post: {image}
how do you decided exactly what pip size to use according to the volatility of the pair? What is the formula you use? I'm sure it's not just a random guess depending on the pair.
  • #638
  • Jan 11, 2021 12:16am Jan 11, 2021 12:16am
Quoting bojack34
{quote} how do you decided exactly what pip size to use according to the volatility of the pair? What is the formula you use? I'm sure it's not just a random guess depending on the pair.
UJ, NU, AU, UC, AJ, NU ~ 80
EU, EJ, AC= Average Volatility ~ 110
GC, EA, EC, GJ, GN, EN, GU, GA ~ 130

To have the exact size you will need to backtest each pair.
  • #639
  • Jan 11, 2021 7:42am Jan 11, 2021 7:42am
Quoting smilee89
{quote} UJ, NU, AU, UC, AJ, NU ~ 80 EU, EJ, AC= Average Volatility ~ 110 GC, EA, EC, GJ, GN, EN, GU, GA ~ 130 To have the exact size you will need to backtest each pair.
so you do just guess than.
  • #640
  • Jan 12, 2021 12:50am Jan 12, 2021 12:50am
Quoting bojack34
{quote} so you do just guess than.
No, I just gave you the general idea.

I do not guess anything when it comes to trading and I suggest you don't either.
You (bojack34) and all others need to invest time to be a pro and not just asking all the time for a pure valuable data from me.
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