Simplicity is the Key | Page 138 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Simplicity is the ultimate form of sophistication ( Elite ) 866 replies

Why are we afraid of simplicity? 96 replies

Simplicity is the key to brilliance 36 replies

Signals for Simplicity 1,144 replies

The Journal of Simplicity Trade 12 replies

Attachments: Simplicity is the Key
Exit Attachments

Simplicity is the Key

  • #2,741
  • Apr 24, 2008 4:41pm Apr 24, 2008 4:41pm
After the market close of Friday, should I dis effect EA (smilies off) and then close MT4 or can I leave EA effective (smilies on) over the weekend?

On sunday afternoon, open MT4, effect EA, before market open ...

Is this the way your EAs are coded? Any other suggestions? Thanks, RS
  • #2,742
  • Apr 24, 2008 4:57pm Apr 24, 2008 4:57pm
Quoting RisingSun
After the market close of Friday, should I dis effect EA (smilies off) and then close MT4 or can I leave EA effective (smilies on) over the weekend?

On sunday afternoon, open MT4, effect EA, before market open ...

Is this the way your EAs are coded? Any other suggestions? Thanks, RS
There are 2 ways of doing it and the options.
1) Keep it open, (still Attached) but smiley to sad. Keep open trade. Reason :
Just turn to smiley b4 market opens. Continous variables for all chart. No downtime, continous trading on the last Fridays trend.
2) Close all open trades b4 trading closed. Remove EA from chart. Reattached EA b4 Market opens. Downtime. Next trade will be in the reverse trend of the existing trend. Existing trend normally change around 5 to 10 hrs. Then only the trade will start.
Those are the two choices.
  • #2,743
  • Apr 24, 2008 5:14pm Apr 24, 2008 5:14pm
Quoting trader101
There are 2 ways of doing it and the options.
1) Keep it open, (still Attached) but smiley to sad. Keep open trade. Reason :
Just turn to smiley b4 market opens. Continous variables for all chart. No downtime, continous trading on the last Fridays trend.
2) Close all open trades b4 trading closed. Remove EA from chart. Reattached EA b4 Market opens. Downtime. Next trade will be in the reverse trend of the existing trend. Existing trend normally change around 5 to 10 hrs. Then only the trade will start.
Those are the two choices.
Interesting. Will test the two methods with Ultimate, on another demo account. Want to monitor how the weekend spikes/gaps if any would influence the results.

For the past 4 days since Monday, the DD (draw down) were very low and this is good. RS
  • #2,744
  • Apr 24, 2008 5:46pm Apr 24, 2008 5:46pm
In my previous tests: the drawdown is about 15% or about $450 if trading 0.1 lot. that will be $4,500 if trading 1 full lot. Of course you are also expecting a profit of $5,000-$6,000 a week. Minimum equity should be $30,000.
  • #2,745
  • Apr 24, 2008 5:50pm Apr 24, 2008 5:50pm
Quoting RisingSun
Interesting. Will test the two methods with Ultimate, on another demo account. Want to monitor how the weekend spikes/gaps if any would influence the results.
My preference is Option 2. That is what i am using for this week and last week.
  • #2,746
  • Apr 24, 2008 5:59pm Apr 24, 2008 5:59pm
Quoting trader101
In my previous tests: the drawdown is about 15% or about $450 if trading 0.1 lot. that will be $4,500 if trading 1 full lot. Of course you are also expecting a profit of $5,000-$6,000 a week. Minimum equity should be $30,000.
From my experience, 15% DD is extremely low in my opinion. This is quite good because of the psychological effect that will affect the bottom line largely, particularly when it is auto trading - once it gets to 20 or 30% levels of equity, one will be scared to death to continue auto. RS
  • #2,747
  • Apr 24, 2008 6:02pm Apr 24, 2008 6:02pm
Quoting trader101
My preference is Option 2. That is what i am using for this week and last week.
OK, good to know. BTW is this the 2nd week of official (=public) testing? Thought it is the 1st week. I must have missed your post. How was the overall results of the 1st week? RS
  • #2,748
  • Apr 24, 2008 6:40pm Apr 24, 2008 6:40pm
FXDD Demo results this week:

Open Bal: $3000
Balance to date: $4025.06

EA doesn't appear to like gold. It moved from 907.30 to 886.40 today and no trade was placed by the EA. The EA does appear to like Oil.

Trader, hope you don't mind, but I do have a recommendation. You might want to add some code in the EA specifically for oil - SL to 200 and increase the target price to +75 or +100. ODL Securities has both gold, silver and oil FXDD has gold and silver.

Would love to see some gold trades. The ranges on the gold/USD pair is huge.
  • #2,749
  • Apr 24, 2008 7:10pm Apr 24, 2008 7:10pm
Quoting RisingSun
OK, good to know. BTW is this the 2nd week of official (=public) testing? Thought it is the 1st week. I must have missed your post. How was the overall results of the 1st week? RS
Last Week Results:
NF Delight +1280 pips +36.54% increase in equity
IBF Delight +832 pips + 27.6% increase
NF TBest +703 pips
Ultimate(Combine) 70% increase in equity ( it was formerly named CombineEA)
  • #2,750
  • Apr 24, 2008 7:16pm Apr 24, 2008 7:16pm
Quoting Afxtrader
FXDD Demo results this week:

Open Bal: $3000
Balance to date: $4025.06

EA doesn't appear to like gold. It moved from 907.30 to 886.40 today and no trade was placed by the EA. The EA does appear to like Oil.

Trader, hope you don't mind, but I do have a recommendation. You might want to add some code in the EA specifically for oil - SL to 200 and increase the target price to +75 or +100. ODL Securities has both gold, silver and oil FXDD has gold and silver.

Would love to see some gold trades. The ranges on the gold/USD pair is huge.
This EA is not really design for Metals and OIL. Anyway i will take a really hard look. to make this possible for those commodities. Wow you have made a 34.16% increase in your equity. That was my last week take, and its only Thursday. We still have more than 16 hours trade time left. You guys, are enjoying this...right..lol. This kind of EA doesnt come often. It is the results of all those countless hours of reading,study and experience all put into a system that is very formidable, it will have loses believe me but it will be less than the winners.
  • #2,751
  • Apr 24, 2008 7:24pm Apr 24, 2008 7:24pm
Quoting Qui-Gon
Not sure about gold or oil but those are great results for this week Afx. That is a one dollar pip value? Have you come close to being margin called with the multiple Cpair's open?

Best of luck to all and thanks to Trader
It will not come close to margin call believe me. The real test will be next week when we have the NFP by Friday. If possible i want to avoid it, but i have to know how it will act on the NFP. This morning in the US Durable Goods it did position well for the news even at the CAD Monetary Policy. All those reports today were responsible to turn to positive for us.
  • #2,752
  • Apr 24, 2008 7:29pm Apr 24, 2008 7:29pm
Quoting Afxtrader
FXDD Demo results this week:

Open Bal: $3000
Balance to date: $4025.06

EA doesn't appear to like gold. It moved from 907.30 to 886.40 today and no trade was placed by the EA. The EA does appear to like Oil.

Trader, hope you don't mind, but I do have a recommendation. You might want to add some code in the EA specifically for oil - SL to 200 and increase the target price to +75 or +100. ODL Securities has both gold, silver and oil FXDD has gold and silver.

Would love to see some gold trades. The ranges on the gold/USD pair is huge.
If you will use this for oil you can change the SL and TP right clik chart of oil,
expert advisor.. properties ...input... then change the SL or TP or the Lot .. then clik OK.
  • #2,753
  • Apr 24, 2008 8:04pm Apr 24, 2008 8:04pm
Quoting Qui-Gon
Not sure about gold or oil but those are great results for this week Afx. That is a one dollar pip value? Have you come close to being margin called with the multiple Cpair's open?

Best of luck to all and thanks to Trader
Pip values vary. The results are about 35% increase in account equity. The highest margined used for the cpairs was about $942. The highest amount of negative equity I saw was about $400.00. So, it's worked out quite well so far. Not even close to creating a margin call for the account.
  • #2,754
  • Apr 24, 2008 9:14pm Apr 24, 2008 9:14pm
because of the 500 dollar account and that I can only have 5 or 6 trades open at one time the equity is up to 674 from 500 in 3 days.
  • #2,755
  • Apr 24, 2008 10:31pm Apr 24, 2008 10:31pm
Quoting Mantorp
because of the 500 dollar account and that I can only have 5 or 6 trades open at one time the equity is up to 674 from 500 in 3 days.
No problem... just make the prorated calculation that the drawdown if like 400 in 1 lot trading for 14 pairs. if you are trading 7 then your dd must be 200. but if you are trading 6 pairs only. then you chose GBPCHF, GU, GJ, EJ, UJ and AJ reason they are volatile pairs and 2 JPY x will hedge the other in case same thing with Gchf and Gu will hedge.
  • #2,756
  • Apr 25, 2008 12:52am Apr 25, 2008 12:52am
Quoting rugbygee
Whats your leverage and when did you open this demo account with alpari?
Leverage :100
Opened: 4/19
Mguel
  • #2,757
  • Apr 25, 2008 2:37am Apr 25, 2008 2:37am
Quoting trader101
Last Week Results:
NF Delight +1280 pips +36.54% increase in equity
IBF Delight +832 pips + 27.6% increase
NF TBest +703 pips
Ultimate(Combine) 70% increase in equity ( it was formerly named CombineEA)
Thanks for the info. Let's watch closely two more weeks. Somehow, I am feeling rather optimistic that the equity curve for the 4 weeks would be healthy. But if too good, people would start feeling skeptical, which is only natural consequences. The next step then IS to go live with micro account and see it for themselves. That's how I feel. Cheers, RS
  • #2,758
  • Apr 25, 2008 6:00am Apr 25, 2008 6:00am
Hello,
What is your update RS?
  • #2,759
  • Apr 25, 2008 7:07am Apr 25, 2008 7:07am
trader101 hi.
just something i noticed. The EA title with your email address at the top of the chart screen flashes each pip change. Not sure if i did that before the latest revision.
Maybe its just my system?
if you have any thoughts I would appreciate.
regards,
Damo
where thought goes energy flows
  • #2,760
  • Apr 25, 2008 7:10am Apr 25, 2008 7:10am
Quoting Damo12
trader101 hi.
just something i noticed. The EA title with your email address at the top of the chart screen flashes each pip change. Not sure if i did that before the latest revision.
Maybe its just my system?
if you have any thoughts I would appreciate.
regards,
Damo
Try removing it and the re attached. Mine is fine.
2 traders viewing now