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  • #421
  • Mar 8, 2008 5:48pm Mar 8, 2008 5:48pm
Hey TC,

As I said in my email I'm a forex novice, but I have a question/idea.

What about an equity based trailing stop. It seems that when we move into profit we close as soon as we hit our equity target.

What if we start a trailing stop based on overall equity once we hit our mark, lock in at our target and take whatever else the market will give us on top of it as well.

Let me know your thoughts.
  • #422
  • Mar 8, 2008 5:55pm Mar 8, 2008 5:55pm
sorry i took a nap
by default this bot can open 1000 trades
you can set a limit if youd like
when the ea closes the losses it also closes the winners
the safety stop is your risk tolerance
when we hit -50 all is closed
you can change that to

Quoting M4X
If this is a hedging system why is it that when running a backtest the EA will have huge losses? isn't the EA hedging after so much equity is used? is there a cut off of hedges? meaning you only place 10 hedges each way....? it seems when in a baktest( I know they are not reliable) the screen is filled with orders and you can almost predict a fall comming.....

anyway I would like to know what can be done to avoid these big DD
Is there any way to close the hedging when account hit Break even (account balance before hedge started)

Im just wondering if we can prevent loosing so much on the huge DD

thanks
  • #423
  • Mar 8, 2008 5:57pm Mar 8, 2008 5:57pm
there is a option to activate ts if equity hits certain level
but to close winners n let the losers run is bad results
so its not used

Quoting jlucas
Hey TC,

As I said in my email I'm a forex novice, but I have a question/idea.

What about an equity based trailing stop. It seems that when we move into profit we close as soon as we hit our equity target.

What if we start a trailing stop based on overall equity once we hit our mark, lock in at our target and take whatever else the market will give us on top of it as well.

Let me know your thoughts.
  • #424
  • Mar 8, 2008 5:58pm Mar 8, 2008 5:58pm
This is the most awesome thread I have ever seen on a forum!

TC, keep up the good work man, and don't ever get discouraged.

I've been reading reading through the whole thread all day, a rainy-day, and it's unbelievable. You're a genius. I hardly wait to try your EA when the market opens.

I am not a programmer, and I cannot give you technical advice, but from my incipient trading experience, I can only tell you this: FOLLOW THE FIBOS! Fibos are magic, in trading and in life. Fibos never lie, even if they sometimes get overlapped by other market conditions. And guppy obeys the fibos!

I will follow closely your work and I will make a donation, for your work, with the first earned buck.

Best of luck!
"Everybody needs money. That's why they call it money" - Danny De Vito
  • #425
  • Mar 8, 2008 5:59pm Mar 8, 2008 5:59pm
the ea will close all trades when we hit 0.1% profit

Quoting hunt17
ok.

i'm still on using original 1 and the NF version which u have posted.
just one question though, how ea will close open position in the original settings coz i didnt see any closed settings except for open_with_tc & open_with_tc2 = true. both close_with_tc is by default false
  • #426
  • Mar 8, 2008 6:01pm Mar 8, 2008 6:01pm
yes thats actually what im working on now
seeing where were at according to the fib on all tf
iv got a ways to go still, i had to sleep

Quoting slide
This is the most awesome thread I have ever seen on a forum!

TC, keep up the good work man, and don't ever get discouraged.

I've been reading reading through the whole thread all day, a rainy-day, and it's unbelievable. You're a genius. I hardly wait to try your EA when the market opens.

I am not a programmer, and I cannot give you technical advice, but from my incipient trading experience, I can only tell you this: FOLLOW THE FIBOS! Fibos are magic, in trading and in life. Fibos never lie, even if they sometimes get overlapped by other market conditions. And guppy obeys the fibos!

I will follow closely your work and I will make a donation, for your work, with the first earned buck.

Best of luck!
  • #427
  • Mar 8, 2008 6:06pm Mar 8, 2008 6:06pm
Quoting trendchaser
there is a option to activate ts if equity hits certain level
but to close winners n let the losers run is bad results
so its not used

I thought the EA closed all open trades, winners and losers when we hit our target?

That's the way it looks on my demo charts. So if the move that put us into positive equity continued, wouldn't our equity increase more if the move continued in the same direction? Then closing all positions at a higher profit?
  • #428
  • Mar 8, 2008 6:21pm Mar 8, 2008 6:21pm
we set a target, we dont know if the move will continue up
iv thought about trying to activat a trailing stop and trail a sl
actually i tried it, but couldnt figure it out
the sl trailed but moved both ways wrather then 1 way
i might get it someday but see it as not so important
after target is hit the ea opens another trade soon as all is closed

Quoting jlucas
I thought the EA closed all open trades, winners and losers when we hit our target?

That's the way it looks on my demo charts. So if the move that put us into positive equity continued, wouldn't our equity increase more if the move continued in the same direction? Then closing all positions at a higher profit?
  • #429
  • Mar 8, 2008 6:23pm Mar 8, 2008 6:23pm
i could activate a trail on all winners and just close the losers
but then it creates a mess, balance has changed
  • #430
  • Mar 8, 2008 6:29pm Mar 8, 2008 6:29pm
Quoting trendchaser
we set a target, we dont know if the move will continue up
iv thought about trying to activat a trailing stop and trail a sl
actually i tried it, but couldnt figure it out
the sl trailed but moved both ways wrather then 1 way
i might get it someday but see it as not so important
after target is hit the ea opens another trade soon as all is closed
my thought was to make it calculated - per tick, as you already do to determine equity - we would hold for a tick after the equity target is reached, and calc to see if it was a higher equity than the last tick, if not we close all, if equity keeps increasing, we follow it until it stops. It would be a fully calced TS based on the equity of ALL open positions.

Not sure if it is a worthwhile idea, but I wanted to make sure I explained it fully.
  • #431
  • Mar 8, 2008 6:41pm Mar 8, 2008 6:41pm
iv added fibo for all time frames

this means youl see only trades in 1 direction for a long time
to limit the dd we simply limit the trades

iml do some testing before i post it
  • #432
  • Mar 8, 2008 6:49pm Mar 8, 2008 6:49pm

looks like i might add swap direction filter
with fibs on all tf you can increase the target and limit to 1 trade
and trade many pairs
at anytime you can set trades up 1

this just may turn into a carry trade ea

i think itl definatly be profitable in the long run like that
  • #433
  • Mar 8, 2008 6:54pm Mar 8, 2008 6:54pm
i can set hedge to ignore the swap, and set bot to addon to the position if it goes in profit a certain amount
and use a realy large target

example wed been long gbp-jpy last yr
and in much profit

when market dropped the ea woulda hedged the longs
and buy now wed have many shorts in profit

account could be up hundreds on %

for this scenario there wouldnt be a swap
  • #434
  • Mar 8, 2008 7:52pm Mar 8, 2008 7:52pm
great news ppl, i accomplished my goal
atleast it apears that way
the ea tested 100% positive on several pairs
without changing any settings
were basically just using the pivots
whatever tf you run will limit it, i tested on h4
so ea checks for new trade every 4 hours
i tested open price by the way

heres the ea and all the fibo indies

if this thing realy does in real life what im seeing in the tester
this is the grail
(long as you dont get greedy)
  • #435
  • Mar 8, 2008 7:55pm Mar 8, 2008 7:55pm
what will i do now lol
  • #436
  • Mar 8, 2008 7:58pm Mar 8, 2008 7:58pm
oh i forgot to upload the bot :
  • #437
  • Mar 8, 2008 8:04pm Mar 8, 2008 8:04pm
Quoting trendchaser
ok ppl after i though a minute
this thing will be all over ebay
so now i need some help
i have no ideah how to do the dll thingy

i need make this secure as possible
its to easy to decompile the bot

any1 help me with that?
does rmyers or gnat or someone else from the supernova thread know?
  • #438
  • Mar 8, 2008 8:12pm Mar 8, 2008 8:12pm
theres article
im checkin it out

im still testing to
wanna see what tick looks like
Quoting jlucas
does rmyers or gnat or someone else from the supernova thread know?
  • #439
  • Mar 8, 2008 8:29pm Mar 8, 2008 8:29pm
Trend chaser, the EA is unbelievable. Simply Fabulous. Back test results phenomenal.
But only question I have is how can I see the whole chart with all the indicators after I insert the EA. When I hit start after putting the Ea, new chart opens and continues to show the trades but I want to be able to see all the indicators as well. This will help me understand the system instead of blindly following it. Thanks for all your help
  • #440
  • Mar 8, 2008 8:32pm Mar 8, 2008 8:32pm
put the indies on the chart
Quoting ES Trader
Trend chaser, the EA is unbelievable. Simply Fabulous. Back test results phenomenal.
But only question I have is how can I see the whole chart with all the indicators after I insert the EA. When I hit start after putting the Ea, new chart opens and continues to show the trades but I want to be able to see all the indicators as well. This will help me understand the system instead of blindly following it. Thanks for all your help
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