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Attachments: The Ghillyoar System (buying highs and selling lows)
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The Ghillyoar System (buying highs and selling lows)

  • #61
  • Apr 16, 2021 6:13pm Apr 16, 2021 6:13pm
It must have been a missunderstanding. I went through posts again and realised I read something wrong, that's where conclusion of your possibility of trolling came to my mind. Sorry for that, it gets like that sometimes. Let's just continue working on this and improve it where it can be improved.
In God we trust. All others must bring data.
  • #62
  • Apr 16, 2021 6:16pm Apr 16, 2021 6:16pm
I have actually missed whole second part of one of your latest posts. So don't worry, everything is okay. I did a mistake there.
In God we trust. All others must bring data.
  • #63
  • Apr 16, 2021 7:50pm Apr 16, 2021 7:50pm
Exit strategy? Close half of your position at a specified TP. Trail the other half by specified number of pips until the market takes you out.
  • #64
  • Apr 17, 2021 12:48am Apr 17, 2021 12:48am
I do not really see the benefit of exit rule #2 if the initial equity target remains the same (except perhaps releasing some margin or reducing swap-fees). Instead of closing a fully hedged position you could just as well keep the X buy / X sell trades open and add buy / sell benches until the target is reached. But maybe that's just part of the fairy tale mentioned in post #54.
  • #65
  • Apr 18, 2021 9:29am Apr 18, 2021 9:29am
It’s been an interesting week for me.

I have learned the difference between pips and points. Unfortunately this did not increase the profitability of Ghillyoar by a single penny………oh well

I have been forced to check the meaning of the term” trolling”…………now I know.

I made the mistake of coming to the Systems Forum and appealing for help on the basis that hundreds of people working on a single trading system would be a powerful force for the benefit of all.

I do not blame my readers it was my mistake……………having read other threads……….. now I appreciate ………that in this section of Forex Factory the idea is that the system creator provides a complete system ………….he does not ………request significant input from his readers.

Sorry guys I have been the awkward guest at the party…he doesn’t know …the required etiquette…………………...its ok….I will get my coat.

I have handed over all of the code for Ghillyoar …I expect that it will be tidied up and posted in due course.

I will make a couple more posts to cover some final house keeping………and then it will be time to say…………..so long and thanks for all the fish.
  • #66
  • Apr 18, 2021 10:46am Apr 18, 2021 10:46am
Quoting Paddy9
It’s been an interesting week for me. I have learned the difference between pips and points. Unfortunately this did not increase the profitability of Ghillyoar by a single penny………oh well I have been forced to check the meaning of the term” trolling”…………now I know. I made the mistake of coming to the Systems Forum and appealing for help on the basis that hundreds of people working on a single trading system would be a powerful force for the benefit of all. I do not blame my readers it was my mistake……………having read other threads……….. now I appreciate...
Hi Paddy,

The thing is your system is based on hedging, just like martingale or averaging solution, this is well known and is very complicate to use on real account. I'm also curious that you didn't the difference between points and pips !! ...
  • #67
  • Apr 18, 2021 10:49am Apr 18, 2021 10:49am
Quoting Paddy9
I made the mistake of coming to the Systems Forum and appealing for help on the basis that hundreds of people working on a single trading system would be a powerful force for the benefit of all.

……………...its ok….I will get my coat. I have handed over all of the code for Ghillyoar …I expect that it will be tidied up and posted in due course. I will make a couple more posts to cover some final house keeping………and then it will be time to say…………..so long and thanks for all the fish.

Hi fellow trader,

I personally dont think you made a mistake. I think it just takes more time to get a team going!

There is clearly interest.

Also, we all have what we have been working on ourselves at the moment, so no one will be bringing forth anything conclusive in a couple of days alone.

I think you re off to a good start.

Would be a much better start if you would be using mt5 for optimization and make ALL params dynamic from the start.

Ill come back to gladly contribute when I have more time.

P.S you post was a great read !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #68
  • Apr 18, 2021 10:54am Apr 18, 2021 10:54am
Quoting ursinho4711
{quote} Points ;-) As Sexobeat recommended, a variable range would be better. Especially when applying on different pairs. Take for example this table: {image} https://www.mataf.net/en/forex/tools/volatility What I love with this approach is the fact, that it sounds like against all odds. But isn't that what the brokers do? They manipulate the market in a way that everyone loses who thinks rationally. "It must go down"... strike: it goes up. "Haha, fooled y'all again!" The system looks like an anti-grid-trader......

it is an antigrid (i.e. antimartingale) system.

However it is still not clear to me the meaning of the exit in loss when you get an equal number of longs and shorts; why you only exit when the total open profit of the long (or short) positions gets higher then 20$ (or whatever it is)
  • #69
  • Apr 18, 2021 11:06am Apr 18, 2021 11:06am
Quoting Go5
{quote} Thanks. So when you say recalculate you actually mean the equity target levels, not the Buy/Sell- Bench levels, correct?
correct..I too used to think recalculations were referred to benches.....no they are referred to target equity!!
  • #70
  • Apr 18, 2021 11:44am Apr 18, 2021 11:44am
Quoting SputnikX
I do not really see the benefit of exit rule #2 if the initial equity target remains the same (except perhaps releasing some margin or reducing swap-fees). Instead of closing a fully hedged position you could just as well keep the X buy / X sell trades open and add buy / sell benches until the target is reached. But maybe that's just part of the fairy tale mentioned in post #54.

agree ...that's the unnecessary feature he is referreing to in his fairy tale
  • #71
  • Apr 18, 2021 12:53pm Apr 18, 2021 12:53pm
Quoting Paddy9
I love fairy stories ........do you ?

…the first ever system on Forex factory that intentionally places losing trades……………….
The above statement ..........which may or may not be true .............does not talk about the management of existing
trades....it talks about the deliberate placement of a new trade knowing with 100% certainty it will lose.





I said 2 more posts............... and then ..................so long and thanks for all the fish.................... This counts as one of them.

1. It does make money in a real account..........it makes money in mine.
2. Most people who download the code............will not use it like me....and they will lose.. be careful...
3. In the back tests to maintain the integrity of the thing.. I changed no settings..... whatever the instrument........don't be daft..
3. If this is a Martingale system...........it clearly has no idea of how a Martingale works.
4 .I would say that..... it is not averaging down......I would say that when we are winning we add trades.
5. One more post to go...just a little time to enjoy my sad little jokes....for those who want to know what
Ghillyoar is. I gave a massive clue in my favorite thread.....the way things are going I may be the only...............

Hopefully you will agree ...........my thread may have been garbage.............but it has been different.
  • #72
  • Edited 1:24pm Apr 18, 2021 1:01pm | Edited 1:24pm
Quoting Paddy9
{quote} The above statement ..........which may or may not be true .............does not talk about the management of existing trades....it talks about the deliberate placement of a new trade knowing with 100% certainty it will lose. I said 2 more posts............... and then ..................so long and thanks for all the fish.................... This counts as one of them. 1. It does make money in a real account..........it makes money in mine. 2. Most people who download the code............will not use it like me....and they will lose.. be...
This is an hedging system? correct?

If you read what i wrote :

Quote
The thing is your system is based on hedging, just like martingale or averaging solution, this is well known and is very complicate to use on real account.

You understand that if it was that simple everybody would be rich. At a moment you will have to open a trade and will miss money. Also when you open positions for long time you have to pay interest on your position, you never mention this.

Ghillyoar is not Holy grail

Also you show a backtest from 2000, trust you can try almost any system from this date and show millions of dollar at the end. Your post about fairy tale is probably the reason why some think you are trolling.
  • #73
  • Apr 18, 2021 1:42pm Apr 18, 2021 1:42pm
O.K. Guys,

The week has flown by.............

I gave you back tests from 1970
I gave you back tests from 2000
I gave you back tests covering the first 3 months of this year.
I gave you back tests covering all sorts of instruments ............and all the back tests ...foolishly had the same settings.


So long and thanks for all the fish.......................
  • #74
  • Apr 18, 2021 1:53pm Apr 18, 2021 1:53pm
Quoting Paddy9
O.K. Guys, The week has flown by............. I gave you back tests from 1970 I gave you back tests from 2000 I gave you back tests covering the first 3 months of this year. I gave you back tests covering all sorts of instruments ............and all the back tests ...foolishly had the same settings. So long and thanks for all the fish.......................

Maybe if you stop talking mysteriously, be simple explain your work and progress, where you are etc ... I'am sure that very valuable people (and i do not count me in) will get interest into your work.

I said my feelings here, wish you luck.
  • #75
  • Apr 18, 2021 2:06pm Apr 18, 2021 2:06pm
Guys.. paddy9 gave to my opinion all rules for entries and exits....so the full system.

Its up to us to think on it...to experiment and finally to verify it is profitable....and (what puddy really asked for) to try to contribute with improving ideas
  • #76
  • Apr 18, 2021 2:24pm Apr 18, 2021 2:24pm
all of this is very strange......

I thought I would have some serious enjoyment here, since my very first consistently profitable strats were based on directional trading also, and I always like new puzzles to crack..

Instead feels like children tantrum space now

just weird that a good sound base for a strategy got completely overlooked by many who have not even begun to work with it or understand it.


oh well. Take care all, and thanks Paddy9 sharing and trying
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #77
  • Apr 18, 2021 3:03pm Apr 18, 2021 3:03pm
If it is possible I would concentrate on the periods when the system experience drawdown....that is during lateral periods....would be nice to get the list of trades during one of those periods
  • #78
  • Apr 19, 2021 1:30pm Apr 19, 2021 1:30pm
As promised, I attach Paddy9's (moderately) cleaned-up code for the Ghilly Oar system that generated the provided test results.

Paddy9 explained that the purpose of this thread was to encourage some "thinkers" (rather than "takers") get involved and try adding additional exit rules that might benefit the system and be adopted if useful.

You will therefore find example code at lines 600-602 than can be copied and used to add additional rules.

I hope that useful rules will be shared ...just as I hope that the source code of other EAs for this strategy will be shared freely to assist the community.

For those unwilling to share their discoveries / code, please consider carefully where you would be now if others had not freely shared their discoveries / code with you!
Attached File(s)
File Type: ex4 GhillyOarBase.ex4   32 KB | 562 downloads
File Type: mq4 GhillyOarBase.mq4   19 KB | 862 downloads
  • #79
  • Apr 19, 2021 1:46pm Apr 19, 2021 1:46pm
Quoting fxtrue
As promised, I attach Paddy9's (moderately) cleaned-up code
Thanks fxtrue!

And I need to apologize to Paddy for a former post of mine, which I already deleted after "talking" to Paddy. There was a misunderstanding, the problem was between my ears (my brain)...
  • #80
  • Apr 19, 2021 2:02pm Apr 19, 2021 2:02pm
Just to clarify for those who can't understand the strategy ...

1) it trades with fixed lots
2) it's trying to pyramid i.e. add to a winning position, it's not averaging / Martingaling (adding to a losing position)
3) exit rule #2 is to get out of a stalemate situation where price has triggered trades in one direction and then reversed - this is especially relevant during flat market conditions where a growing number of buys and sells could accumulate without achieving the target profit
4) more exit rules are required to improve the strategy's ability to exit from losing positions with a smaller (or no) loss
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