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

Quoting blamshakk
yes, the DOS EA set up on every single trade chart, and the trade manager on one single separate chart that manages all the trades as a basket. {file} {file} NOTE: This setfile is for the trade management EA, *not* for the DOS EA. Remember to delete the .txt suffix from the setfile. blam {quote}
Hi blam,

where can I find the DOS -EA? thx in advance for the help!

Nice thread and super work Smile! thx for your help .. REALLY!
hey hhloverhh

if you click the attachments button you'll see it near the top of the attachments on this thread... well here's the link anyway: https://www.forexfactory.com/thread/...1#post13359111

Sometimes after the trade manager closes a successful basket, you will see some error messages pop up. This doesn't really affect the operation of the EA, but your broker may not like it - to get rid of them popping up just close and restart the mt4 terminal

blam

Quoting hhloverhh
{quote} Hi blam, where can I find the DOS -EA? thx in advance for the help! Nice thread and super work Smile! thx for your help .. REALLY!
Very simple system, cheers and thank you very much for sharing.
However i keep asking myself this, until i decided to post it here and ask it here.

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This is a chart from post #2

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This is a chart from post #686

Why are the trade levels from this charts are not the same, i mean there is distance from their open/close position although they are opened at the same time/day??
This is only one feature of my progress which I mentioned earlier this week, so I will not enter on midnight when spread is too high.
Quoting blamshakk
yes, the DOS EA set up on every single trade chart, and the trade manager on one single separate chart that manages all the trades as a basket. {file} {file} NOTE: This setfile is for the trade management EA, *not* for the DOS EA. Remember to delete the .txt suffix from the setfile. blam {quote}
Ok Set all up and going to test on your current pairs

Also Tp for pairs are they all the same? no they are not now that I have read the entire thread
Do i understand this correct..?
Once if market goes against out entry, the next day we open another order with the same direction, and keep doing this until we managed to close all this orders with atleast a breakeven.

Question : When we open this kind of orders, we DONT take into account the size of the previous day's daily bar.

I hope my question is understandable.
Quoting beatentrader
Do i understand this correct..? Once if market goes against out entry, the next day we open another order with the same direction, and keep doing this until we managed to close all this orders with at least a breakeven. Question : When we open this kind of orders, we DONT take into account the size of the previous day's daily bar. I hope my question is understandable.
Only first (initial) order of each pair needs to meet the condition of minimal body size of previous day.
All consecutive trades of same pair ignore this condition.
What is the safety net for hitting the mid/long term extreme point? Ie. in April 2018 you would hit a strong downward move. Simple averaging down would probably not catch up until 2020. This would require a lot of capital to sustain a hit and live through the averaging.

From what I have experimented with similar strategies (for scalping), you could use some kind of cash-in mechanism to release the margin and reuse it when price comes back. If your 10-20 small positions are on loss in total, you may want to close 1-2 which are profitable and reopen them at the same or better price later. This way you can close your whole position faster, as the same margin can work around few times.

With averaging down sooner or later you will meet a margin eater trade. In such case you either run out of margin and close your account or get to live by releasing a margin and let it being chew few times to survive until price allow you to escape.

Cheers!
Quoting Wilczasty
What is the safety net for hitting the mid/long term extreme point? Ie. in April 2018 you would hit a strong downward move. Simple averaging down would probably not catch up until 2020. This would require a lot of capital to sustain a hit and live through the averaging. From what I have experimented with similar strategies (for scalping), you could use some kind of cash-in mechanism to release the margin and reuse it when price comes back. If your 10-20 small positions are on loss in total, you may want to close 1-2 which are profitable and reopen...
April 2018 didn't give much issue really. A good batch of pairs ended in profit with little drawdown. A few others needed May to recover drawdown. But even then, it wasn't much (1-6% max DD)
You gotta boop the snoot
Learning to scalp NAS100 Part 2 All Time Return: 0.5%
Quoting Wilczasty
What is the safety net for hitting the mid/long term extreme point? Ie. in April 2018 you would hit a strong downward move. Simple averaging down would probably not catch up until 2020. This would require a lot of capital to sustain a hit and live through the averaging. From what I have experimented with similar strategies (for scalping), you could use some kind of cash-in mechanism to release the margin and reuse it when price comes back. If your 10-20 small positions are on loss in total, you may want to close 1-2 which are profitable and reopen...
I see that there are plenty of times where there are 5+ down or up candles. But every 1-3 candles, there's enough of a pullback to exit either break even or in profit
You gotta boop the snoot
Learning to scalp NAS100 Part 2 All Time Return: 0.5%
Quoting Wilczasty
What is the safety net for hitting the mid/long term extreme point? Ie. in April 2018 you would hit a strong downward move. Simple averaging down would probably not catch up until 2020. This would require a lot of capital to sustain a hit and live through the averaging. From what I have experimented with similar strategies (for scalping), you could use some kind of cash-in mechanism to release the margin and reuse it when price comes back. If your 10-20 small positions are on loss in total, you may want to close 1-2 which are profitable and reopen...
Here's a breakdown of March 2020 on GBPUSD. This was basically worse case scenarios for the financial markets and yet, there was little drawdown. You were in at the close of the trigger candle (green arrows) and out the next candle. Even when things turned around, there was plenty of pullbacks from the following candles to take advantage of
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You gotta boop the snoot
Learning to scalp NAS100 Part 2 All Time Return: 0.5%
Makes sense.
I've made an ugly EA and run it on M15 with slight change in rules:

  1. Trigger candle size driven by ATR multiplier (2 is alright)
  2. Initial Take Profit driven by ATR multiplier (0.15)
  3. Open new average down trade only if candle was against the direction to have slightly better avg down price with less lot
  4. If average down scenario is on - close each small trade with 1 pip gain and open another to make this margin do some more working

Attached result for 2021 with ATR Multi Trigger = 1

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Quoting Wilczasty
What is the safety net for hitting the mid/long term extreme point? Ie. in April 2018 you would hit a strong downward move.
What DD are you talking about? Send a screenshot from the pair chart with all basket of trades that were opened on that time.
So last night was the first time I ran the EA and I have some weird trades going on like Buys where there is no long down candle and visa versa, Im just going to leave it running (its on another Pc )
I have a
EurJpy long
AudCad short
Nzd Usd long
Aud Usd short
Usd Cad short
Aud Jpy short
Eur Aud long
GBP Usd long

Funny thing is I'm in profit
Quoting Detto
So last night was the first time I ran the EA and I have some weird trades going on like Buys where there is no long down candle and visa versa, Im just going to leave it running (its on another Pc ) I have a EurJpy long AudCad short Nzd Usd long Aud Usd short Usd Cad short Aud Jpy short Eur Aud long GBP Usd long Funny thing is I'm in profit
How come?

Which EA you use?
Which TF bars?
What is the minimal body size?
Quoting blamshakk
no just one trade manager EA on the terminal Sorry, correction, I'm not running 28 pairs, but the following (with pip values) : UJ, NU, AU, UC, AJ, NU ~ 80 EU, EJ, AC= Average Volatility ~ 110 GC, EA, EC, GJ, GN, EN, GU, GA ~ 130 blam {quote}
Doing exactly this.
Quoting Detto
{quote} Doing exactly this.
Check yourself.
No conditions for entry on Daily TF with such minimal sizes.
Quoting smilee89
{quote} Check yourself. No conditions for entry on Daily TF with such minimal sizes.
For sure agreed.

Not sure how the EA works though, what happens if you get 2 days one long and one short candle 110pips of size differential , will the EA have longs and shorts running?
Quoting Detto
{quote} For sure agreed. Not sure how the EA works though, what happens if you get 2 days one long and one short candle 110pips of size differential , will the EA have longs and shorts running?
You should ask the EA developer.
It is absolutely not working according my rules in my OP and this is why I ask to load screen shots of the charts where trades opened.
Quoting smilee89
{quote} You should ask the EA developer. It is absolutely not working according my rules in my OP and this is why I ask to load screen shots of the charts where trades opened.
Too early to test yours?
Still in development?
Never been an EA guy but this methodology has promise
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