Simplicity is the Key | Page 143 | 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

  • #2,841
  • Apr 29, 2008 3:07pm Apr 29, 2008 3:07pm
trader101 hi. Just an observation. I have been demo'ing the EA on my laptop for nearly two weeks. I have noticed the quite a few of the bad trades occur as a result of re-opening again after profit has been taken. Take G/J for e.g. It does have its days of moving 2-300 pips. Once 100 pips profit is taken a new trade re-opens in the same direction. G/J can easily retrace another 100 of continue on in our favour...
I guess the question is, when do you re-enter after taking profit?
Should there be a short time for consolidation after a profitable trade, to re assess the trend?

I would love to submit my results for comparison but as I take my machine to work, unfortunately I have to close it down then re start often...

Thanks.
regards,
Damo.
where thought goes energy flows
  • #2,842
  • Apr 29, 2008 3:19pm Apr 29, 2008 3:19pm
Quoting Damo12
trader101 hi. Just an observation. I have been demo'ing the EA on my laptop for nearly two weeks. I have noticed the quite a few of the bad trades occur as a result of re-opening again after profit has been taken. Take G/J for e.g. It does have its days of moving 2-300 pips. Once 100 pips profit is taken a new trade re-opens in the same direction. G/J can easily retrace another 100 of continue on in our favour...
I guess the question is, when do you re-enter after taking profit?
Should there be a short time for consolidation after a profitable trade, to re assess the trend?

I would love to submit my results for comparison but as I take my machine to work, unfortunately I have to close it down then re start often...

Thanks.
regards,
Damo.
That is an excellent question. If i remember it was raise to me by MPP. But before that questions I have been last week about inserting the Daily Range Calculator say if certain ccy pair hit the TP it will check the DRC and if it is in the threshold it will return a false start for that currency and will just resume trading if there a change in the trend. I works perfectly fine and i was loving the work it was doing. But the actual result drop about 200 pips ciompared to the unleash EA. Ratio wise it was good because more winning trade but consequently it also loses a lots of opportunity, so i decided to just let it be, until we could find a good and real trend indicator to incorporate. Thanks for your observation.
  • #2,843
  • Apr 29, 2008 3:39pm Apr 29, 2008 3:39pm
Trader, I originally left the Ultimate EA running over the weekend. I didn't close-out any trades on Friday or stop the EA. From this past Sunday through last night, I had lost the $926 or so profit made last week. However, today the majority of those losses have been recouped. The account is back into the $3841 range. The Ultimate EA is definitely doing a great job at managing this account. I haven't really seen any significant drawdowns.
  • #2,844
  • Apr 29, 2008 3:42pm Apr 29, 2008 3:42pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
T101
what kind of trend indicator are you looking for, i have one that uses MA's, shows on one chart any TF whats happening on other TF using a series of coloured indicators.
Attached Image


let e know if this is the sort of thing your after, i have another version that works slightly differently but the ideas not far of this one.
  • #2,845
  • Apr 29, 2008 4:11pm Apr 29, 2008 4:11pm
Here are my FXDD demo results:

EAs effected on 20th 6 pm EDT. Ult, Del & Best run separately on 3 FXDD demo accounts, 1:200, $10,000 starting Balance/Equity each.

15 pairs: GU, GJ, UJ, AJ, EJ, EU, Uchf, UC, EC, EG, CJ, AU, NU, Echf, Gchf. Hourly charts.

1st day: @ 5pm EDT 21st April 2008:
- Ult: Balance $10,848, Equity $10,820 Margin $978
- Del: 10,788 10,787 978
- Best: 9,963 9,867 296

2nd day: @ 5 pm EDT 22nd April:
- Ult: 10,740, 10,440 1,032
- Del: 10,699 10,357 983
- Best: 10,138 10,032 574

3rd day: @ 5 pm EDT 23rd April:
- Ult: 10,444, 10,160 934
- Del: 10,420 10,093 934
- Best: 9,691 9,625 498

4th day: @ 5 pm EDT 24th April:
- Ult: 10,840, 10,890 551
- Del: 10,756 10,816 452
- Best: 9,660 9,632 235

5th day: @ 3:30-3:40 pm EDT 25th April:
- Ult: 10,433, 10,433 0
- Del: 10,520 10,520 0
- Best: 9,305 9,305 0

#5th day ... all trades closed @3:30-3:40 pm for weekend per T101's suggested Option 2. EAs removed... On Sunday April 27 EAs attached and effected before 6 pm EDT, FXDD's market open time. #


6th day: @ 5 pm EDT 28th April:
- Ult: $9,973 $9,775 $1,022
- Del: 10,040 9,846 982
- Best: 9,152 8,996 747

Another down day but nothing to be frustrated. Just follow the "euity" numbers. We lost one day and gained back another... today's loss was relatively small.

7th day: @ 5 pm EDT 29th April:
- Ult: $10,530 $10,371 $851
- Del: 10,567 10,427 754
- Best: 9,171 9,227 349




Cheers, RS
  • #2,846
  • Edited 4:31pm Apr 29, 2008 4:20pm | Edited 4:31pm
Right now i am studying this indicator it is called Entrex-h1. It seems like when the price touch the upper or the lower line (Blue and Red). Then its time to close the trade seems like very reliable but again a lot of lost opprtunity. Anybody know this indicator. Somebody show this to me the other day. Im still studying this, will take sometime to incorporate this as an exit strategy.
Attached Image (click to enlarge)
Click to Enlarge Name: g57.gif Size: 20 KB
  • #2,847
  • Apr 29, 2008 4:45pm Apr 29, 2008 4:45pm
Quoting Afxtrader
Trader, I originally left the Ultimate EA running over the weekend. I didn't close-out any trades on Friday or stop the EA. From this past Sunday through last night, I had lost the $926 or so profit made last week. However, today the majority of those losses have been recouped. The account is back into the $3841 range. The Ultimate EA is definitely doing a great job at managing this account. I haven't really seen any significant drawdowns.
Still rough waters ahead but tommorow is Wed there is a lot of volatility tonight till tommorrow, that is good for us. For now till tonight we just have to keep afloat not to sinck to much. There maybe some areas that i still am looking to really address this retracing of ccy pairs after collecting the tp. The problem is everytime to start putting filter then you start losing some profit opportunities.
  • #2,848
  • Apr 29, 2008 5:54pm Apr 29, 2008 5:54pm
MPP-- here is the indicator that i was mentioning that the one i attached to the previous post
Attached File(s)
File Type: ex4 Entrex - H1.ex4   2 KB | 438 downloads
  • #2,849
  • Apr 30, 2008 2:12am Apr 30, 2008 2:12am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting trader101
MPP-- here is the indicator that i was mentioning that the one i attached to the previous post
Looks good, i think the way i will run this will be to attach it to all 13 pairs before the start of next week, 2 reasons, one to add it i need to close and restart the platform for it to show in the list, and two this will give a visual comparison as Your EA's leave the trades indicated on the chart, i can then view the weeks results and see if the indicator will provide better exit points.
  • #2,850
  • Apr 30, 2008 7:44am Apr 30, 2008 7:44am
Somebody should tell me that it is difficult to trade on a NFP week coupled with looming USD interest rate cut and the holiday in one of the market participants. Very very difficult. Important thing we should stay on the positive side. Opinion.. anyone....
  • #2,851
  • Apr 30, 2008 7:54am Apr 30, 2008 7:54am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting trader101
Somebody should tell me that it is difficult to trade on a NFP week coupled with looming USD interest rate cut and the holiday in one of the market participants. Very very difficult. Important thing we should stay on the positive side. Opinion.. anyone....
Blah blah blah, NFP , who cares, yes the accounts are down from this weeks high, but we are still up on last week.

i think we should keep our eyes on the GOAL - what are they T101. ahh yes to make money on a consitant basis without actually doing any work.LOL

If the EA can generate anything over a 20% return on a monthly basis (NFP and rates every month) then it's a winner - i can retire on that kind of return, plus we can compound it to prouduce better $returns for the money as we gain more confidence over time.

as an example, if we find that the biggest drawdown was not as bad as expected then we can trade 0.2 lots instead of 0.1 per $3000, thus doubling our $return straight away. ( and increasing our risk, i know, nut im talking over 6months to a year)

if then in six months we also find that NFP week is bad we can take that week of to sun ourselves each month ( it's addictive watch ing the account grow, must go outside for daylight) - how nice.
  • #2,852
  • Apr 30, 2008 7:55am Apr 30, 2008 7:55am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
T101 and MPP correlation both on 1904 posts (opps i'm 1 up now)
  • #2,853
  • Apr 30, 2008 8:10am Apr 30, 2008 8:10am
Quoting MPP
Blah blah blah, NFP , who cares, yes the accounts are down from this weeks high, but we are still up on last week.

i think we should keep our eyes on the GOAL - what are they T101. ahh yes to make money on a consitant basis without actually doing any work.LOL

If the EA can generate anything over a 20% return on a monthly basis (NFP and rates every month) then it's a winner - i can retire on that kind of return, plus we can compound it to prouduce better $returns for the money as we gain more confidence over time.

as an example, if we find that the biggest drawdown was not as bad as expected then we can trade 0.2 lots instead of 0.1 per $3000, thus doubling our $return straight away. ( and increasing our risk, i know, nut im talking over 6months to a year)

if then in six months we also find that NFP week is bad we can take that week of to sun ourselves each month ( it's addictive watch ing the account grow, must go outside for daylight) - how nice.
Nice one..Bro
Actually, im all positive right now, both on NF and IBF but not as high as we are expecting. I know we could be positive by Friday, only thing we might be short of the 600 pips that we are suppose to generate for the week. Still it will good enough after battling all this fundamentals. It the TDelight that is doing good, much better than the Ultimate.
  • #2,854
  • Apr 30, 2008 8:21am Apr 30, 2008 8:21am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting trader101
Nice one..Bro
Actually, im all positive right now, both on NF and IBF but not as high as we are expecting. I know we could be positive by Friday, only thing we might be short of the 600 pips that we are suppose to generate for the week. Still it will good enough after battling all this fundamentals. It the TDelight that is doing good, much better than the Ultimate.
all my accounts are positive for the week, my point was, i'm down from my high for the week on closed trades, but the current open trades are flying.
  • #2,855
  • Apr 30, 2008 8:43am Apr 30, 2008 8:43am
Quoting MPP
all my accounts are positive for the week, my point was, i'm down from my high for the week on closed trades, but the current open trades are flying.
Oh OK..now i got you... My self all my close trades are positives and the open trades are just unbelievable. As im looking at this i ask myself, how did i do that, it was real or just pure luck. More like luck...LOL... Luck is part of trading anyways.
  • #2,856
  • Apr 30, 2008 8:47am Apr 30, 2008 8:47am
There was one suggestions which i think is valid. That we put a threshold TP, like a basket TP. when the basket profit say reaches $500 or waht ever number we choose we close all trades. Relax and enjoy the close profit and wait for the reverse trend to trade again like restarting just like in the beginning and the same process again. Opinion...
  • #2,857
  • Apr 30, 2008 8:56am Apr 30, 2008 8:56am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting trader101
There was one suggestions which i think is valid. That we put a threshold TP, like a basket TP. when the basket profit say reaches $500 or waht ever number we choose we close all trades. Relax and enjoy the close profit and wait for the reverse trend to trade again like restarting just like in the beginning and the same process again. Opinion...
Not an easy question to answer, as yet i don't fully understand how your EA functions. this could mean we are closed out by monday london open if things are going well - are we limiting the potential for the EA.

by close all trades do you mean the EA will turn off?, but then we have to start the process of working out the trend again and we will still find ourselves losing again until it settles.

if we decide to test this theory i would suggest it works on a % of account basis, 10% weekly, 30% monthly or something similar. how long do we sit out for, maybe the EA could be asked not to trade for 12hrs after reaching 10% of account, thus it's still running and reading the charts, thus it's ahead at the restart position.!!!!
  • #2,858
  • Apr 30, 2008 8:58am Apr 30, 2008 8:58am
Quoting trader101
There was one suggestions which i think is valid. That we put a threshold TP, like a basket TP. when the basket profit say reaches $500 or waht ever number we choose we close all trades. Relax and enjoy the close profit and wait for the reverse trend to trade again like restarting just like in the beginning and the same process again. Opinion...
I 2nd this. i actually have it on mind to do it with the live version. good job T101
  • #2,859
  • Apr 30, 2008 9:02am Apr 30, 2008 9:02am
Quoting trader101
There was one suggestions which i think is valid. That we put a threshold TP, like a basket TP. when the basket profit say reaches $500 or waht ever number we choose we close all trades. Relax and enjoy the close profit and wait for the reverse trend to trade again like restarting just like in the beginning and the same process again. Opinion...
Maybe instead of closing all, move to very tight S/L or even trailing stops that way if a few pairs continue in the right direction you can make some more without risking a lot?
  • #2,860
  • Apr 30, 2008 9:13am Apr 30, 2008 9:13am
Sorry, i was watching the trades acting like christmas light you know the green highlight when it reaches 10 to TP. Anyways ..MPP that is a valid opinion we have to restart again and sit it out for we dont know how long until the new trend catches our sense of balance. Also it is possible that we could reached our target even on just Monday morning, then we have a problem what are we going to do for the rest of the week. The wife might start asking us do the errand. Big problem isnt. LOL. On the percentage basis could also be good. I find it hard right now to even touch the program because it might screwed up the setting and the parameters, the if we intend to do this a cery careful transition should be implemented, dont like to waste a week of profit just to tweak a profittable EA. Right?
0 traders viewing now