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EA to buy/sell previous days high/low

  • #61
  • Jan 27, 2022 2:11am Jan 27, 2022 2:11am
Quoting Treptrader
{quote} idk why your saying this D1 breakouts dont blow accounts. its a good trade idea.
indeed it is (a good trading idea). d1 bo can be done NOT to blow accounts, even if one does not know what one is doing...
buys:
Attached Image (click to enlarge)
Click to Enlarge Name: buys.png Size: 1.3 MB

sells:
Attached Image (click to enlarge)
Click to Enlarge Name: sells.png Size: 1.3 MB

fixed max 40 buys 0.01 each. released a new buy every 4 weeks. same for the sells.

in reality this will not be traded with 40 x 0.01 for each. it is too many. 20 - 25 x 0.01 should be the max and all restarted when almost all are activated. 40 is just for the backtesting purposes. can be improved significantly...
Maadik Hugiis. IQ 69.
  • #62
  • Jan 27, 2022 2:18am Jan 27, 2022 2:18am
Quoting Treptrader
{quote} Here is the 4hr with daily range boxes and proceeding breakouts of d1 highs and lows. it can work {image}
for sure it can work. see my post here for the triangular hedging. it is logic-wise 2:1 condition (2 winners : 1 loser or 2 losers : 1 winner). when the win:loss is 3:1, one winner can carry on with two losers, without harming the account balance. two winners will bring x6 the loss of the one loser. so net will be around x5 of the loser's loss, but as a profit. it takes time, however... that is the negative side... there is lots of waiting involved in here...
Maadik Hugiis. IQ 69.
  • #63
  • Jan 27, 2022 3:28am Jan 27, 2022 3:28am
Quoting MoneyZilla
{quote} indeed it is (a good trading idea). d1 bo can be done NOT to blow accounts, even if one does not know what one is doing... buys: {image} sells: {image} fixed max 40 buys 0.01 each. released a new buy every 4 weeks. same for the sells. in reality this will not be traded with 40 x 0.01 for each. it is too many. 20 - 25 x 0.01 should be the max and all restarted when almost all are activated. 40 is just for the backtesting purposes. can be improved significantly...
wat even is this?? lol. its not being filtered at all. lets actually develops some rules and conditions. not just buys every high.
  • #64
  • Jan 27, 2022 4:07am Jan 27, 2022 4:07am
Quoting Treptrader
{quote} wat even is this?? lol. its not being filtered at all. lets actually develops some rules and conditions. not just buys every high.
40 buys? 0.01 each? for over trading 800 days? does not look like buying every high to me :-)
Maadik Hugiis. IQ 69.
  • #65
  • Jan 27, 2022 4:21am Jan 27, 2022 4:21am
Quoting MoneyZilla
{quote} 40 buys? 0.01 each? for over trading 800 days? does not look like buying every high to me :-)
the tester shows over 4000 trades.. lol anyways wat are the conditions for the buys. 40 signals in over two years is crazy
  • #66
  • Jan 27, 2022 4:26am Jan 27, 2022 4:26am
Quoting Treptrader
{quote} the tester shows over 4000 trades.. lol anyways wat are the conditions for the buys. 40 signals in over two years is crazy
1 signal every 4 weeks is the actual interval for both buys and sells.

that is the thing. 40 individually controlled trades. each one of them opened like ~100 times? and still making a profit... and not only that. there is a net profit, when taking the other 40 sells into a consideration? it is like in skiing. push. release. push. release. ext.

that is how powerful d1 bo is...
Maadik Hugiis. IQ 69.
  • #67
  • Jan 27, 2022 6:00am Jan 27, 2022 6:00am
Hello Guys, I did a backtest on a simulator on the past 73 trades. I thought it was EURUSD but it was EURAUD LOL, found out in the middle of testing so thought might as well complete it now.

No SL was used.
TP was fixed@+20 pips
There were a few trades that did not hit TP, so I let them run in to the second day.
The second day hit TP with an increased Lot size, but was overall it was breakeven, taking the first days loss too.

Total = 73 Trades
Wins = 63
Losses = 10
Drawdown = -23%

Here are the full results>
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD HILO BO TP+20 NOSL.png Size: 485 KB
  • #68
  • Jan 28, 2022 10:53pm Jan 28, 2022 10:53pm
Quoting penny1
{quote} Thank you sir but I dont need it for this strategy. I'm not always on my computer so an indicator like this can be very useful for me so would like it on its own. {quote} Thank you but I think it may take too much of your valuable time and I dont want that for something I am just testing I am currently calculating the lot size for the first losing day by dividing the amount of loss in $ by the number of pips in profit for the second day (eg: 20 pips), this is for BE only, and it seems to be working ok at the moment. I was also testing...
ok i can do it. also what do u want for the indicator conditions?
  • #69
  • Jan 28, 2022 11:05pm Jan 28, 2022 11:05pm
Quoting penny1
{quote} Thank You very much Sir, its perfect. I really appreciate it very much. Is it possible you know of an indicator that will open a trade straight after a stop loss is hit? same lot size, no stop loss or take profit, just opens a trade immediately after a stop loss is hit. It has to be an indicator that will do this multiple times a stop loss is hit. To manage the trade after the trade is opened I do have an EA do that. If you can help I would be very grateful Sir, Thank you.
This should do the job
Attached File(s)
File Type: ex4 Re Enter.ex4   220 KB | 415 downloads
  • #70
  • Jan 29, 2022 5:40am Jan 29, 2022 5:40am
Hi guys, interessting thread- thank you. Have you although tried other pairs?
thx
  • #71
  • Jan 29, 2022 6:30am Jan 29, 2022 6:30am
Quoting Treptrader
{quote} This should do the job {file}
very good. this is whole new level. congrats.

unfortunately, one can get into a hefty draw-down, when trading at the wrong side of the trend.

think how you can limit the damages in such conditions?
Maadik Hugiis. IQ 69.
  • #72
  • Jan 29, 2022 11:00am Jan 29, 2022 11:00am
Quoting MoneyZilla
{quote} very good. this is whole new level. congrats. unfortunately, one can get into a hefty draw-down, when trading at the wrong side of the trend. think how you can limit the damages in such conditions?
yes i can limit drawdown damages buy filtering trades. give me an examples of the type of trade set up you refering to
  • #73
  • Jan 29, 2022 11:23am Jan 29, 2022 11:23am
a decent way to filter daily BO is on the 3om time see if the MA is sloping up opon new day open after a bullish day and then on next day wait for price to close below ma and then buy. and vice versa for sells. simple
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30.png Size: 37 KB
  • #74
  • Jan 29, 2022 1:20pm Jan 29, 2022 1:20pm
Quoting Treptrader
a decent way to filter daily BO is on the 3om time see if the MA is sloping up opon new day open after a bullish day and then on next day wait for price to close below ma and then buy. and vice versa for sells. simple {image}
nice step forward. this will limit the entries dramatically.

it is an overall good step ahed.

however, won't be very helpful when mistakenly trading against the annual trend. but lets worry about that later, as for now, you are moving forward...
Maadik Hugiis. IQ 69.
  • #75
  • Feb 1, 2022 10:33pm Feb 1, 2022 10:33pm
Quoting MoneyZilla
{quote} nice step forward. this will limit the entries dramatically. it is an overall good step ahed. however, won't be very helpful when mistakenly trading against the annual trend. but lets worry about that later, as for now, you are moving forward...
it wont matter trading against anual trend if these are short term trades. but wat else should we add to this idea ?
  • #76
  • Feb 1, 2022 10:49pm Feb 1, 2022 10:49pm
Quoting Treptrader
{quote} it wont matter trading against anual trend if these are short term trades. but wat else should we add to this idea ?
i cant argue on this one. never managed to make a short term trades out of that. if you made it work they way it is, for short term trades, why add anything else?
Maadik Hugiis. IQ 69.
  • #77
  • Feb 1, 2022 11:26pm Feb 1, 2022 11:26pm
Quoting MoneyZilla
{quote} i cant argue on this one. never managed to make a short term trades out of that. if you made it work they way it is, for short term trades, why add anything else?
this would be targeting like 50 pips at a time so yea, an i guess accuracy. si imma backtest and see wat the results are
  • #78
  • Feb 6, 2022 9:04pm Feb 6, 2022 9:04pm
Quoting Treptrader
{quote} This should do the job {file}
Thank You Sir. I will test this today. I appreciate your time in this.

Kind regards.
  • #79
  • Feb 21, 2022 11:49pm Feb 21, 2022 11:49pm
what happened?
Maadik Hugiis. IQ 69.
  • #80
  • Mar 2, 2022 1:39pm Mar 2, 2022 1:39pm
Quoting MoneyZilla
what happened?
What do yu mean?
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