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Attachments: SRDC Episode I
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SRDC Episode I

  • #721
  • Dec 20, 2006 10:25pm Dec 20, 2006 10:25pm
hi granpa,
it says SL=0,
does that mean you did this with no stop loss?

sounds a bit risky if that's the case.

pls let me know.

thanks


Quoting granpa
Hi Skyline....great EA..
This is my backtest with 90% Modelling Quality

EOD = 24
SLIP = 1
TP = 9
SL = 0
LOT =0.1
MM = TRUE
RISK = 35
SUNDAY = TRUE

DEPOSIT = USD 300.00
PROFIT = USD 1494.00

TEST RANGE = 1 YEAR (08.01.2006 - 08.12.2006)

http://img344.imageshack.us/img344/6...st1graffo2.png
  • #722
  • Dec 21, 2006 12:53am Dec 21, 2006 12:53am
Quoting Westie
hi granpa,
it says SL=0,
does that mean you did this with no stop loss?

sounds a bit risky if that's the case.

pls let me know.

thanks
Hi Westie, this is the different for SL=0 and SL = 150, it's ok if you put SL=300, the result will be same as SL=0..

http://img454.imageshack.us/img454/4400/testju3.jpg
  • #723
  • Dec 21, 2006 3:45am Dec 21, 2006 3:45am
Quoting Westie
hi,

Just wondering which broker you guys using for the ea,

Gmt broker, or ny close brokers.

thanks
I will start to test it in demo account with FastBrokers which is gmt aligned so it get the sunday candle and I have to set the flag SundayCandleExists = true
  • #724
  • Dec 21, 2006 4:08am Dec 21, 2006 4:08am
Quoting compro99
Skyline,

Are you able to make it indicator based... like sound/pop up/email alert when adv SRDC 1 is activated ?
Mmm well it dipends on how much do you pay me eheheheh ok I'm kidding
I will see if I could do that during my xmas holiday
  • #725
  • Dec 21, 2006 7:53am Dec 21, 2006 7:53am
Good Morning everyone or Good Afternoon:


When using the advanced SRDC method, I'm guessing you really need to be at your computer to utilize this method properly? Unless, someone can give me some help as to how anyone else may do this without being in front of the computer all the time?

Thanks....

Marc
  • #726
  • Dec 21, 2006 8:30am Dec 21, 2006 8:30am
Hi Orange,

On the 15 minute chart for 12/21/06 with the 13:15GMT candle which closed below the daily low. On the next candle 13:30GMT the news out of the USD came out and moved the 13:30 GMT candle lower. Since we don't know which way the news will drive the price do we take the SRDC I trade when it happens as the news is released?
Dave If you can't swim with the sharks stay out of the water!
  • #727
  • Dec 21, 2006 8:36am Dec 21, 2006 8:36am
Quoting marcf
Good Morning everyone or Good Afternoon:


When using the advanced SRDC method, I'm guessing you really need to be at your computer to utilize this method properly? Unless, someone can give me some help as to how anyone else may do this without being in front of the computer all the time?

Thanks....

Marc
It's simple....use the EA
  • #728
  • Dec 21, 2006 8:57am Dec 21, 2006 8:57am
Skyline...

I'm trying to put your EA onto MT4 with Interbank FX. I saved it into the indicator folder and not showing up there. Would you happen to know any reason why or what I am be doing wrong?

Thanks..

Marc
  • #729
  • Dec 21, 2006 9:10am Dec 21, 2006 9:10am
Quoting marcf
Skyline...

I'm trying to put your EA onto MT4 with Interbank FX. I saved it into the indicator folder and not showing up there. Would you happen to know any reason why or what I am be doing wrong?

Thanks..

Marc
Go back one folder, you need to save the EA in the experts folder. You are almost there....
Steve
  • #730
  • Dec 21, 2006 9:50am Dec 21, 2006 9:50am
If I'm using IBFX, do I need to change anything in regards to the time? They are on GMT.


Thanks..

Marc
  • #731
  • Dec 21, 2006 11:34am Dec 21, 2006 11:34am
hi roshan thanks for sharing this great method

i have question for SRDC advance method

please look at the chart below ? where will you short cable is it in no 1 or 2 ?

http://img187.imageshack.us/my.php?image=srdc1qm1.jpg
  • #732
  • Edited 2:51pm Dec 21, 2006 12:19pm | Edited 2:51pm
Quoting bapho
hi roshan thanks for sharing this great method

i have question for SRDC advance method

please look at the chart below ? where will you short cable is it in no 1 or 2 ?

http://img187.imageshack.us/my.php?image=srdc1qm1.jpg
Hi,

If the top red horizontal line is the S&R line and we observe what the Master says i.e.

"- See, when the next candle is fully formed outside the S&R
- Then when it does, Trade on the next opening. "

then you would NOT short on candle number 1 or 2.

You would short on the candle AFTER number 1.

If the S&R is the top light blue/white horzontal line, then you would short on the candle BEFORE number 1.

Remember, as a minimum target we seek to harvest 5 quality pips using this technique.

Thanks
  • #733
  • Dec 21, 2006 5:17pm Dec 21, 2006 5:17pm
Hi all, with skyline's blessings i've created a simple page linked from our SRDC Resource Page. The direct link to the SRDC I advanced trade info page is here.

My open request is that i am informed of any updates that should be included in the page...this will be a great help to me keeping this info fresh and current.

Thank you skyline for your creative efforts!

Cheers,
Thom
  • #734
  • Dec 21, 2006 5:28pm Dec 21, 2006 5:28pm
Quoting accrete
Hi all, with skyline's blessings i've created a simple page linked from our SRDC Resource Page. The direct link to the SRDC I advanced trade info page is here.

My open request is that i am informed of any updates that should be included in the page...this will be a great help to me keeping this info fresh and current.

Thank you skyline for your creative efforts!

Cheers,
Thom
Thank to you Thom for your help to organize in a better way all the amazing Orange's materials
  • #735
  • Edited Dec 22, 2006 12:15am Dec 21, 2006 8:19pm | Edited Dec 22, 2006 12:15am
Quoting granpa
Hi Skyline....great EA..
This is my backtest with 90% Modelling Quality

EOD = 24
SLIP = 1
TP = 9
SL = 0
LOT =0.1
MM = TRUE
RISK = 35
SUNDAY = TRUE

DEPOSIT = USD 300.00
PROFIT = USD 1494.00

TEST RANGE = 1 YEAR (08.01.2006 - 08.12.2006)
Beats me how you got that. Using the same settings and test range I get 4 trades total (2 in April and 2 in November) for a profit of $628.30 on a $10,000 account. That's modelling Cable on a demo account supplied with MetaTrader 4.

Later: OK, I checked this using a period of 15 minutes on the calculations. Profit is $4,475 on a $10,000 account made in 13 trades. Still not great, considering the average trading competition winner is getting 130% a month. But it doesn't seem to ever lose on that currency pair, which is nice. It does lose badly on others.

Rob
  • #736
  • Dec 21, 2006 8:22pm Dec 21, 2006 8:22pm
hi granpa,

So basically this EA so far is testing 100% with no losses,

im just wondering if it's worth putting any stop loss just incase,

or do you guys think it's not necesary,

skyline what are your thoughts on the stop loss.
This Ea is looking very exciting, im going to run it on ibfx live with 1 cent per pip, see how it goes.
  • #737
  • Dec 21, 2006 8:27pm Dec 21, 2006 8:27pm
Quoting Westie
hi granpa,

So basically this EA so far is testing 100% with no losses,

im just wondering if it's worth putting any stop loss just incase,

or do you guys think it's not necesary,

skyline what are your thoughts on the stop loss.
This Ea is looking very exciting, im going to run it on ibfx live with 1 cent per pip, see how it goes.
I had it running the last 2 days, and it did not get into any trades yet.
Steve
  • #738
  • Dec 22, 2006 12:23am Dec 22, 2006 12:23am
Quoting exastris
Hi,

If the top red horizontal line is the S&R line and we observe what the Master says i.e.

"- See, when the next candle is fully formed outside the S&R
- Then when it does, Trade on the next opening. "

then you would NOT short on candle number 1 or 2.

You would short on the candle AFTER number 1.

If the S&R is the top light blue/white horzontal line, then you would short on the candle BEFORE number 1.

Remember, as a minimum target we seek to harvest 5 quality pips using this technique.

Thanks
Hi exastris

Thank for answering my question

pls look at the chart below, so i should short on bar number 3 ?
http://img110.imageshack.us/my.php?image=srdc1nn4.jpg
  • #739
  • Dec 22, 2006 1:12am Dec 22, 2006 1:12am
Hi,

I'm not ready to take the advance SRDC 1 method. So currently still using the old ones. Anyway I've change the exit rules a bit. Instead of taking 5 pips i'm taking 20 pips. Since Master OR doesn't really fixed the the rules of taking profit and I've seen that in daily candlestick if it break the support or Resistance it normally go beyond that 20 pips. I only have 1 pending order depending on the direction of the daily chart. So again a litle deviation compares to the original SRDC. Does anybody do or see similar things like me?
  • #740
  • Dec 22, 2006 2:44am Dec 22, 2006 2:44am
Quoting spmaon
Hi,

I'm not ready to take the advance SRDC 1 method. So currently still using the old ones. Anyway I've change the exit rules a bit. Instead of taking 5 pips i'm taking 20 pips. Since Master OR doesn't really fixed the the rules of taking profit and I've seen that in daily candlestick if it break the support or Resistance it normally go beyond that 20 pips. I only have 1 pending order depending on the direction of the daily chart. So again a litle deviation compares to the original SRDC. Does anybody do or see similar things like me?
I do, after a while it got more and more complicated. I dont know what was discussed at TS , not really sure how to use the 15m chart.If our Master OR is reading this i hope you can elaborate more on the 15m one.At the moment i only use the daily srdc 1 ..sigh...
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