ST7 v3 DB
#Improvement tricks: Refresh DB every day to improve the entry
#Improvement tricks: Refresh DB every day to improve the entry
- #9,292
- Oct 25, 2023 11:11pm Oct 25, 2023 11:11pm
Hi Eugene,
Could you please resolve this problem in the indicator. I have noticed this multiple times that when the positions are in profit and it moves in opposite direction even after the swing break at 1 hour in opposite direction the trades are not exited in profit. Below is an example:
The sell on EURAUD and GBPAUD was in a great profit(black circle in the picture) before the trend changed. It is alright that the trend changed, but when opposite side swing break happened (the yellow circle in the picture) why wont it close the positions. I have also seen emergency exits and was expecting something similar happen here to protect the profit and such a great run towards sell side.
Could you please resolve this problem in the indicator. I have noticed this multiple times that when the positions are in profit and it moves in opposite direction even after the swing break at 1 hour in opposite direction the trades are not exited in profit. Below is an example:
The sell on EURAUD and GBPAUD was in a great profit(black circle in the picture) before the trend changed. It is alright that the trend changed, but when opposite side swing break happened (the yellow circle in the picture) why wont it close the positions. I have also seen emergency exits and was expecting something similar happen here to protect the profit and such a great run towards sell side.
- #9,293
- Edited 11:26pm Oct 25, 2023 11:16pm | Edited 11:26pm
Hi Eugene, Could you please resolve this problem in the indicator. I have noticed this multiple times that when the positions are in profit and it moves in opposite direction even after the swing break at 1 hour in opposite direction the trades are not exited in profit. Below is an example: The sell on EURAUD and GBPAUD was in a great profit(black circle in the picture) before the trend changed. It is alright that the trend changed, but when opposite side swing break happened (the yellow circle in the picture) why wont it close the positions. I...
1. Is there a way to exit when the drawdown to profit ratio is more than 1:10 RR and also move to break even at 1:5 RR. RR calculation will be at the drawdown value of the respective currency to the running profit. This is seen in the indicator window at the top right corner in the yellow circle in the below screenshot. If this can be configurable in the indicator to say move to break even ratio at 2,4,5,8,10 RR, we can all choose necessary profit ratio and also breakeven as true or false.
Since the indicator does not show or avoids any customisation today which is KISS principle. it would be good to add the breakeven internally as well and we can all test how it performs. Let me know your thoughts.
Something like the below example.
Another approach would be targeting buy side or sell side liquidity and once that's hit, move to break even and also close 50% of the position. That way we take some profit and also make the trade risk free and wait for more profits since trend is the best friend.
Another example is the below trade of GBPUSD where we see drawdown was around 3.90 usd and current running profit is around 89 usd which is more than 30 times RR - 1:30 . This is great, but the position is not protected at breakeven. Could we have breakeven 1:10 RR and take some partials so that there is no risk when this trade goes in opposite direction.
- #9,299
- Oct 26, 2023 10:39am Oct 26, 2023 10:39am
- | Commercial User | Joined Jul 2009 | 5,727 Posts
Hi Eugene, Could you please resolve this problem in the indicator. I have noticed this multiple times that when the positions are in profit and it moves in opposite direction even after the swing break at 1 hour in opposite direction the trades are not exited in profit. Below is an example: The sell on EURAUD and GBPAUD was in a great profit(black circle in the picture) before the trend changed. It is alright that the trend changed, but when opposite side swing break happened (the yellow circle in the picture) why wont it close the positions. I...
Also, I am adding some manual settings such as a trailing stop loss and a take profit.
You will also have your choice of auto, manual or a mix of the two
Fully Auto Mode:
Manual Mode:
It will have multiple Strategies built in so you can select one or trade with your own manual set up.
Here it is using Strategy 1 in Auto Mode.
Here is a possible manual trade set up.
You set the TSL, BO, and TP points.
You are also able to set it for a BO in either long or short direction at the same if maybe you are in a channel or range and you don't know which way it will BO.
The Indicator will then send the info to the Manager which will open and close the trade determined from the signals sent from the indicator.
This would be a one and done trade.
I am in the process of doing my first tests and by next week I should be able to send this new batch out to the present testers.