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Fractal Geometry

  • #301
  • Mar 9, 2021 2:52am Mar 9, 2021 2:52am
Quoting Expo33
{quote} I entered manually on last night's trades so I set my trailing stops manually from the Meta4 platform but from my demo testing, the EA trailing stop function worked fine. Note: The trailing stop does not activate until you are in profit that is the same size as the trailing stop. For example: If you set your TS = 10 pips then the EA won't do anything or show up on your chart until you are in profit of 10 pips. When you hit 10 pips profit the trailing stop will appear 10 pips from that price level and will either stay at that level if your...
Thanks for clarify. I did not use trail but who knows maybe it will be necessary in future. It would be great to facilitate our work process. I would add that would be great that line has all.... stop, BE, Profit, lot... calculate depend on 20 day ADR automatically But good programmer is needed.
  • #302
  • Mar 9, 2021 3:13am Mar 9, 2021 3:13am
More, today orders, trend is my friend
Attached Image(s) (click to enlarge)
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  • #303
  • Mar 9, 2021 4:15am Mar 9, 2021 4:15am
Some losses too
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURGBPM30.png Size: 51 KB
  • #304
  • Mar 9, 2021 8:31am Mar 9, 2021 8:31am
Quoting Expo33
Tonight's orders ready for action GBP/NZD H1 FRACTAL LINE {image} AUD/CAD H1 FRACTAL LINE {image} EUR/CAD H4 FRACTAL LINE {image} EUR/GBP H4 FRACTAL LINE {image}
Only one trade activated last night and we scored nicely

GBP/NZD H1 FRACTAL LINE RESULT
Attached Image (click to enlarge)
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And I was lucky enough to catch this one in the middle of the night. Woke up to go to the bathroom then stepped into my office to see this setup at the exact moment it was hitting the buy line. BOOM

EUR/JPY H1 FRACTAL LINE
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 44 KB



Time to get pumped up
Pride always comes before destruction.... -Proverbs 16:18
  • #305
  • Mar 9, 2021 8:47am Mar 9, 2021 8:47am
One more added to our pending orders. Would love to sell the backside of this broken fractal line.

CAD/JPY M30 FRACTAL LINE
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM30.png Size: 48 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #306
  • Mar 9, 2021 10:57am Mar 9, 2021 10:57am
I always want to keep this thread simple and only about fractal lines. However, I also would like to share a couple of different ways I use these fractals. I've mentioned them before so I thought I'd post two live trades to illustrate. Ironically the triangle method led me to investigate the fractal line method.

Trading the horizontal level of a convergent triangle and trading a simple wickless trendline

GBP/CAD H4 TRIANGLE
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EUR/CAD H4 WICKLESS TRENDLINE
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Click to Enlarge Name: EURCADH4.png Size: 54 KB


And as I mentioned before I am using much tighter stops than the 20 and 30%. Either the line is like a brick wall or it isn't so I don't need to see price go through it that far to know it isn't going to work. At the very least if a candle closes above the line then in my mind it is a loser at that point. It may retrace a little back to the line to recuperate some of the loss but I'd rather trust the line and use smaller stops. Again, each trade is unique and each trader should have a unique and personal way of managing their risk. The percent of ADR's was just a general suggestion.
Pride always comes before destruction.... -Proverbs 16:18
  • #307
  • Edited 12:18pm Mar 9, 2021 11:29am | Edited 12:18pm
As I have said before these are not recommendations. I am just sharing my personal trading journey.

I have signed the contract with FTMO to manage a 100K account and am waiting for them to process the administrative stuff and then I'll get my login credentials. I am really excited and look forward to this new journey. They do have a thread with a representative in the commercial section.

Also, as I mentioned in a previous thread, I started two more challenges with two more companies.

The5ers (also has a thread in the commercial section)and City Trader's Imperium (no commercial thread)

The5ers - you must earn 6% with an allowable drawdown of 4% and have 6 months to accomplish. For funded traders, you can double your account size by earning 10% in a month after you receive your account (not easy with only 4% allowable drawdown). Payout is 50/50 split, not the best.

My progress - 40K CHALLENGE
Attached Image (click to enlarge)
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City Traders Imperium - same requirement, earn 6% with 4% drawdown but you have 1 year to accomplish. However, funded traders can double their account for earning 10% BUT there is no time limit to do that. BIG difference. Payout starts at 50/50 and can go to 70/30 if you earn well for them.

My progress - 50K CHALLENGE
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Both have similar stop-loss requirements and max positions. However, both allow you to hold trades over the weekend and to trade news, unlike FTMO. FTMO has 70/30 payout and 10% drawdown so there is bigger potential in the short term, however, it is much harder to pass FTMO's challenge. 10% in 1 month, then to be verified 5% in 2 months. I hope FTMO allows you to trade news in the future because if you have a swing trade open and forget the news event and you hit a TP or SL within 2 minutes of the event, then you lose your account.

Anyways, this is my experience so far. just thought I'd share it here.
Pride always comes before destruction.... -Proverbs 16:18
  • #308
  • Edited 11:57am Mar 9, 2021 11:41am | Edited 11:57am
Closed out all of our trades in profit and we are done for the day. Thanks to our posters here (all 2 of them). You have inspired me to work harder and to be more accountable. This is the best I've traded in 14 years of forex.

Cheers

PS. It's been 24 hours with no response in the platform tech thread to modify our EA. Maybe, I will look to hire someone on the MQ5 site.
Pride always comes before destruction.... -Proverbs 16:18
  • #309
  • Mar 9, 2021 1:35pm Mar 9, 2021 1:35pm
Quoting Expo33
Closed out all of our trades in profit and we are done for the day. Thanks to our posters here (all 2 of them). You have inspired me to work harder and to be more accountable. This is the best I've traded in 14 years of forex. Cheers PS. It's been 24 hours with no response in the platform tech thread to modify our EA. Maybe, I will look to hire someone on the MQ5 site.
Wait a minute with posting advertisement for this EA.
I need to look at this. I've been programming MQL a little.
Maybe I could fix this and add Gleam suggestions.
  • #310
  • Mar 9, 2021 1:37pm Mar 9, 2021 1:37pm
Quoting O_s_a
{quote} Wait a minute with posting advertisement for this EA. I need to look at this. I've been programming MQL a little. Maybe I could fix this and add Gleam suggestions.
Well you’re already working 12 hours a day
Pride always comes before destruction.... -Proverbs 16:18
  • #311
  • Mar 9, 2021 2:07pm Mar 9, 2021 2:07pm
Quoting Expo33
{quote} Well you’re already working 12 hours a day
Yes but only 15 days a month so I have some time left
  • #312
  • Mar 9, 2021 2:23pm Mar 9, 2021 2:23pm
Ok so maybe I know where is the problem that nobody replied to Your request.
This EA is in .ex4 format so we can't modify it without decompile it.

Maybe we need to do this first but I don't know if it is legal thing. Propably not.
  • #313
  • Mar 9, 2021 2:25pm Mar 9, 2021 2:25pm
Quoting O_s_a
Ok so maybe I know where is the problem that nobody replied to Your request. This EA is in .ex4 format so we can't modify it without decompile it. Maybe we need to do this first but I don't know if it is legal thing. Propably not.
It shows mq4 when I posted it in the platform tech thread and it shows mq4 from the author in his original thread so I'm confused. On my first post here it is in "ex" format because if I remember it didn't work so I tried to compile it and it had some errors but it worked.
Pride always comes before destruction.... -Proverbs 16:18
  • #314
  • Mar 9, 2021 3:12pm Mar 9, 2021 3:12pm
Quoting Expo33
{quote} It shows mq4 when I posted it in the platform tech thread and it shows mq4 from the author in his original thread so I'm confused. On my first post here it is in "ex" format because if I remember it didn't work so I tried to compile it and it had some errors but it worked.
Ok. In platform tech You posted mq4 version
Now I can analyze this.
  • #315
  • Mar 9, 2021 3:14pm Mar 9, 2021 3:14pm
Quoting O_s_a
{quote} Ok. In platform tech You posted mq4 version Now I can analyze this.
Fantastic! Thank you.
Pride always comes before destruction.... -Proverbs 16:18
  • #316
  • Edited 7:08pm Mar 9, 2021 6:55pm | Edited 7:08pm
Asian session action (say that 10 times fast)

Two fractal lines are better than one?

GBP/NZD H1 FRACTAL LINES IN CONFLUENCE
Attached Image (click to enlarge)
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Also, I think this calls into question always using 20% of the 20day ADR. In this case, it would be 33 pips which for this setup is way too far past the fractal line to consider the trade still valid.
Pride always comes before destruction.... -Proverbs 16:18
  • #317
  • Mar 9, 2021 7:31pm Mar 9, 2021 7:31pm
Updated watchlist

NOTE: Expect volatility in CAD pairs during the early NY session tomorrow. US CPI, CAD rate decision, US oil inventories

AUD/USD M30 FRACTAL LINE
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 55 KB

GBP/JPY M30 FRACTAL LINE
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 55 KB

EUR/GBP H4 FRACTAL LINE
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 50 KB

EUR/CAD H4 FRACTAL LINE
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH4.png Size: 49 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #318
  • Edited 8:20pm Mar 9, 2021 8:03pm | Edited 8:20pm
Who's ready for some theoretical nonsense. Fantastic! Let's do it!

I call this THE DOOR PRINCIPLE. Where the door "hinge" represents our 4 fractal structure. (the fulcrum)
Attached Image (click to enlarge)
Click to Enlarge Name: DOOR.png Size: 12 KB


This principle makes sense for a relatively flat angled fractal line like in this example that we just manually entered.

GBP/NZD H1 - FLAT FRACTAL LINE WITH PRICE VERY NEAR THE DOOR "HINGE"

NOTE: For this example, if price blasts right through our fractal lines, then this theory is absolute garbage
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1.png Size: 48 KB



But, I think it's different when our fractal lines aren't very horizontal.

1) Fractal lines moving towards price get weaker the longer they go untested because less price momentum is required to reach the fractal line.

2) Fractal lines running away from price get stronger because it requires more price momentum to reach the fractal line.

In this example, we have our fractal line trending down towards price so it should require less price momentum to reach and then break through our line.

AUD/USD M30 - FRACTAL LINE RUNNING TOWARDS PRICE
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 55 KB


In this example, our fractal line is trending upwards and "running away" from price so it should be harder for price to catch up and break through

GBP/JPY M30 - FRACTAL LINE RUNNING AWAY FROM PRICE
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 55 KB


Hopefully, this makes some sense but I know it could just be my lunatic brain on overdrive
Pride always comes before destruction.... -Proverbs 16:18
  • #319
  • Mar 9, 2021 11:24pm Mar 9, 2021 11:24pm
Quoting Expo33
Who's ready for some theoretical nonsense. Fantastic! Let's do it! I call this THE DOOR PRINCIPLE. Where the door "hinge" represents our 4 fractal structure. (the fulcrum) {image} This principle makes sense for a relatively flat angled fractal line like in this example that we just manually entered. GBP/NZD H1 - FLAT FRACTAL LINE WITH PRICE VERY NEAR THE DOOR "HINGE" NOTE: For this example, if price blasts right through our fractal lines, then this theory is absolute garbage {image} But, I think it's different when our fractal lines...
So our line held up initially on our GBP/NZD trade, however, it eventually gave way and once we had a candle that closed above our line, no problem, we waited for a little retrace to end our trade and mitigate some of our loss. Then we buy the other side because we believe and trust that a broken fractal line means price has good continuing momentum.

This is our recovery trade.

GBP/NZD M30 BROKEN FRACTAL LINE RECOVERY TRADE
Attached Image (click to enlarge)
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Now that we recovered our loss we notice a new fractal developed with some really nice and uniform impulse waves and 4 major fractals.

GBP/NZD M30 FRACTAL LINE NEW BUY SETUP
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM30NEW.png Size: 48 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #320
  • Mar 10, 2021 2:46am Mar 10, 2021 2:46am
Quoting Expo33
{quote} Fantastic! Thank you.
There was a bug in this EA with TS.
Buy and Sell conditions was different.

When we use TS we need two parameters:
- TS activate value (number of pips in profit to activate TS, it could be BE value for example)
- TS step value (number of pips for SL to follow actual price)

Now the question is how we want to solved this.
Set TS activate value to BE value or add parameter TS activate value?
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