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Quest 100 System

  • #161
  • Feb 26, 2008 7:50am Feb 26, 2008 7:50am
Hi NealC99 & Everyone,

I know this might be off topic EA wise, but took a short on $/Y this morning
on the cross of the centerline & still in @ +31 pips. Have limit set & will tp when hit. For the most part I'm not a big fan of EA's, but this just might be worthwhile. Looking forward to hearing the final results of NEAL'S & EVERYONES hard work. Nothing like good teamwork to make a plan come together. Thanks for sharing.

"THE HOLY GRAIL IS NOT THE METHOD TRADED, BUT THE TRADER"

Ace Trader
  • #162
  • Feb 26, 2008 8:10am Feb 26, 2008 8:10am
Quoting acetrader
Hi NealC99 & Everyone,

I know this might be off topic EA wise, but took a short on $/Y this morning
on the cross of the centerline & still in @ +31 pips. Have limit set & will tp when hit. For the most part I'm not a big fan of EA's, but this just might be worthwhile. Looking forward to hearing the final results of NEAL'S & EVERYONES hard work. Nothing like good teamwork to make a plan come together. Thanks for sharing.

"THE HOLY GRAIL IS NOT THE METHOD TRADED, BUT THE TRADER"

Ace Trader
Congratulations!

Just keep in mind - the "danger zone" (+20/-20 level off the 89SMA - blue line) has earned it's reputation through backtestig. There is a lot of whipsawing in that zone while the market decides which direction it wants to go next.
  • #163
  • Edited 10:12am Feb 26, 2008 9:53am | Edited 10:12am
Several PRIME trades coming up!

GBP/USD (see chart)
USD/CAD
USD/CHF (may signal in the next few hours)
EUR/USD (may signal in the next few hours)

GBP/USD - the river has OVERFLOWED the banks (+89 Level of 89SMA) and once it comes back inside the banks AND goes below the 13SMA, that is a signal to SELL.

Same principle applies to the USD/CHF, USD/CAD & EUR/USD if it overflows the banks (buy or sell - depending on which way).

Take the trade in the direction BACK to wards the BLUE line (89SMA).
Attached Image (click to enlarge)
Click to Enlarge Name: 022608-1143.gif Size: 41 KB
  • #164
  • Feb 26, 2008 10:15am Feb 26, 2008 10:15am
Hi Neal ,still long on gbpusd , + 100 pips....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 45 KB
  • #165
  • Feb 26, 2008 10:32am Feb 26, 2008 10:32am
Quoting gioviforex
Hi Neal ,still long on gbpusd , + 100 pips....

Wonderful!

I'd go ahead and set a 15pip trailing stop on it (not how v1.01 will take it out) might as well maximise the profit, then it should put you back in for the retracement.

Good Job!

See.... our "Quest for 100" (pips/day) isn't a pipe dream. Especially if your trading multiple pairs. 20-30 pips on 4 pairs = 80-120 pips/day!

Neal
  • #166
  • Feb 26, 2008 10:54am Feb 26, 2008 10:54am
Unfortunately the EA has not performed to expectations over the last few days Neal so tweaking will have to be high on the Agenda.
  • #167
  • Feb 26, 2008 11:02am Feb 26, 2008 11:02am
Quoting vincent001
Unfortunately the EA has not performed to expectations over the last few days Neal so tweaking will have to be high on the Agenda.
Yes, theres a whole lot that will be different in v1.1

Will be more trades with smaller profits in order to lock in gains.
  • #168
  • Feb 26, 2008 11:05am Feb 26, 2008 11:05am
Quoting gioviforex
Hi Neal ,still long on gbpusd , + 100 pips....

Gioviforex,

Are all those trades at the bottom of the image from the Quest100 EA?

Supprised that you would be getting such good results and some others might not.

If they all are from Quest100 - looks like we may have a good thing going
  • #169
  • Feb 26, 2008 11:39am Feb 26, 2008 11:39am
I think anybody using the the EA on 8 or more pairs over the last two days would have lost.
  • #170
  • Feb 26, 2008 11:44am Feb 26, 2008 11:44am
Quoting vincent001
I think anybody using the the EA on 8 or more pairs over the last two days would have lost.
My - lol

Are you using 8 pairs. Perhaps see if there are patterns of pairs that have a lot of losses and eliminate them. They may not be suited for the settings the EA is using.

If you find it is 1,2 or 3 pairs causing the turmoil, let us know so we can be careful and perhaps not trade them.
  • #171
  • Feb 26, 2008 11:59am Feb 26, 2008 11:59am
NEALC99,

Are the danger zones the dotted line on each side of the blue centerline? Are trades the sefest entered @ the outbanks? What about trades after crossing the danger zone? Thanks for you help.

AceTrader
  • #172
  • Feb 26, 2008 12:07pm Feb 26, 2008 12:07pm
Although in all fairness to your great brain Neal, this is due to the bad data out of the US which has thrown the EA out of sync. I can appreciate that it is very difficult trying to design an EA when expected/unexpected data comes out, but I guess the key is minimizing any losses that may occur.

When you release 1.1 shortly, can you recommend settings and pairs ??

I haven't had much luck with USD/CAD, GBP/CHF, and EUR/USD.
  • #173
  • Feb 26, 2008 12:09pm Feb 26, 2008 12:09pm
Neal, yes i too would like clarification as to this as well. Can you explain in more detail the BEST TIME to BUY or SELL ? Many thanks.
  • #174
  • Feb 26, 2008 12:12pm Feb 26, 2008 12:12pm
@ Neal

Not 100% sure here, but it looks like the EA stops modifying the open trades, moving stop loss, once we are out of the BeginHour=8 and EndHour=15 trading hours. EA should continue to modify stop loss, if in profit of course, even after the trading hours?

TimeFreedom
  • #175
  • Feb 26, 2008 12:30pm Feb 26, 2008 12:30pm
Quoting acetrader
NEALC99,

Are the danger zones the dotted line on each side of the blue centerline? Are trades the sefest entered @ the outbanks? What about trades after crossing the danger zone? Thanks for you help.

AceTrader
I have updated post #1 with an outline of the trading strategy for this method. You should now find your answer there.
  • #176
  • Feb 26, 2008 12:30pm Feb 26, 2008 12:30pm
Quoting vincent001
Neal, yes i too would like clarification as to this as well. Can you explain in more detail the BEST TIME to BUY or SELL ? Many thanks.
I have updated post #1 with an outline of the trading strategy for this method. You should now find your answer there.
  • #177
  • Feb 26, 2008 12:32pm Feb 26, 2008 12:32pm
Quoting TimeFreedom
@ Neal

Not 100% sure here, but it looks like the EA stops modifying the open trades, moving stop loss, once we are out of the BeginHour=8 and EndHour=15 trading hours. EA should continue to modify stop loss, if in profit of course, even after the trading hours?

TimeFreedom
I believe you are correct (didn't realize it was NOT doing that) - that's a bug. I will fix in v1.1.

The HOUR restriction is for INITIATING a new trade.

ADDENDUM: Hmmm.... no I just looked at the v1.01 code and it should be trailing every 15 minutes. I'll keep an eye out while testing, and try and look at a trade that could have been modified outside the trading hours.

Just checked v1.1 and it is trailing properly (at least it will work once it's released).
  • #178
  • Feb 26, 2008 6:32pm Feb 26, 2008 6:32pm
@ Neal

Based on your strategy rules we should expect the EA v1.01 to place a buy trade @ 08:00 hours if the price continues to stay above -89 and above 13 SMA?

TimeFreedom
Attached Image (click to enlarge)
Click to Enlarge Name: quest100_v1.0_eurusd_02-26-08_01.gif Size: 27 KB
  • #179
  • Feb 26, 2008 6:37pm Feb 26, 2008 6:37pm
Quoting TimeFreedom
@ Neal

Based on your strategy rules we should expect the EA v1.01 to place a buy trade @ 08:00 hours if the price continues to stay above -89 and above 13 SMA?

TimeFreedom
I thas to gain some momentem first - the EA won't place the trade until their's some indication of a solid direction. It's just hovered within 5-10 pips for a few hours.

Also if you are using the default settings, it's not even looking to open a trade till starting at 8:00am GMT
  • #180
  • Feb 26, 2008 6:37pm Feb 26, 2008 6:37pm
Quest100 v1.1 results for Feb 26,2008 (currently in forward testing)

2008.02.26 10:15 sell eurusd @ 1.4793 ro 1.4825 -32 pips
2008.02.26 11:45 sell usdchf @ 1.0870 to 1.0870 +0 pips
2008.02.26 12:45 sell usdcad @ 0.9932 to 0.9899 +33 pips
2008.02.26 12:45 buy gbpusd @ 1.9716 to 1.9736 +20 pips
2008.02.26 11:45 buy eurusd @ 1.4853 to 1.4874 -21 pips
2008.02.26 15:31 sell usdcad @ 0.9906 to 0.9904 +2 pips
2008.02.26 15:42 sell usdcad @ 0.9902 to 0.9905 -3 pips
2008.02.26 15:30 buy gbpusd @ 1.9725 to 1.9730 +5 pips
2008.02.26 20:14 sell usdchf @ 1.0822 to 1.0790 +32 pips
2008.02.26 20:15 sell usdjpy @ 107.49 to 107.38 +11 pips

Today's total: 47 pips
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