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Sonic System!!

  • #481
  • Jun 2, 2008 10:52pm Jun 2, 2008 10:52pm
Quoting startovernow
Hi Sonic,

Please see attached, it opened a AUD/CAD sell trade when there is no signals. Lost $400. Maybe there is a bug? But we are getting there!

Thanks!
To trigger a SELL. AC shd be below 0...


sonic
  • #482
  • Jun 2, 2008 11:00pm Jun 2, 2008 11:00pm
Quoting sonicdeejay
I think V2.1 just opend 4H TF trade on BUY AUD/USD 8~9 hours ago!!

BUY AUD/USD @ 0.9549
  • #483
  • Jun 2, 2008 11:01pm Jun 2, 2008 11:01pm
Ciao Sonic i see u r here well wut do u think we can do something to upgrade ozsystem or wut i just saw ur PM well i downloaded you new indicator which based on oz N ADX well i tried adx b4 the prob that adx give a trend strengthens for short and long price move thats it so if we can try price actioon strategy to filter oz and adx signals it 'll be gr8 wut do u think
Not by Might , Nor by Power .But by my spirit, Saith The LORD of Hosts
  • #484
  • Jun 2, 2008 11:26pm Jun 2, 2008 11:26pm
Quoting sonicdeejay
I am reading this book called steve bigalow candlestick trading!!!!

U can read here too...

http://books.google.com/books?id=x0p...mbnail#PPR7,M1


anyone know any ways to acquire ebook version of it???


sonic
You have a message.
  • #485
  • Jun 3, 2008 1:05am Jun 3, 2008 1:05am
Quoting samiehFX
Ciao Sonic i see u r here well wut do u think we can do something to upgrade ozsystem or wut i just saw ur PM well i downloaded you new indicator which based on oz N ADX well i tried adx b4 the prob that adx give a trend strengthens for short and long price move thats it so if we can try price actioon strategy to filter oz and adx signals it 'll be gr8 wut do u think
Bro Samieh,
I like the price action stragy but I have no idea how we could write it in the program code!!
BTW, any price indicator that u will recommend??


sonic
  • #486
  • Jun 3, 2008 1:12am Jun 3, 2008 1:12am
Quoting startovernow
Hi Sonic,

Please see attached, it opened a AUD/CAD sell trade when there is no signals. Lost $400. Maybe there is a bug? But we are getting there!

Thanks!

if u look @ that candle..there was a heavy SELL before I pull back and form a doji hummer candle...

as stoch is moving when on the time candle it may open a signal...but as the candle ends,,the signal (brown) will disppaer as stoch head up back..


sonic
  • #487
  • Jun 3, 2008 1:19am Jun 3, 2008 1:19am
I sonic,
This morning I saw that a GbpJpy trade was closed at SL -80 causing a lost of almost 400$ (Demo), and it made think of something.
Every such a loss will erase much of our profit and bring a huge draw down in our account, because profits are gained in 0.10 lot at 30 pips steps, while the lost could be 0.5 lot at 80 pips step.
I think that we don't really gain anything of risking 0.5 lots as we never take profit of more than 0.10 lot (unless we close the trade manually).
I want to suggest an idea for changing the RR to a much better one (IMO).
Start the trade with 0.10 lot (SL 80 TP 30). if it goes back, we lose 80 pips at 0.1 lot. if it goes in our direction, at 30 pips profit open a new trade with 0.10 lot (SL 30 TP 30) and bank the current one. repeat the process every 30 pips.
This way, the max loss will be 0.1 lot X 80 pips, instead for 0.5 lot X 80 pips now.
The profits will remain the same, but the possibility of a big lost will vanish.
I know it may require to re-write the whole code, but I think it worth it.
What do you say ? I will make a table comparing the methods later and will post it here.
Thanks,
Dani M.
  • #488
  • Edited 3:12am Jun 3, 2008 1:59am | Edited 3:12am
Quoting dan_mir
I sonic,
This morning I saw that a GbpJpy trade was closed at SL -80 causing a lost of almost 400$ (Demo), and it made think of something.
Every such a loss will erase much of our profit and bring a huge draw down in our account, because profits are gained in 0.10 lot at 30 pips steps, while the lost could be 0.5 lot at 80 pips step.
I think that we don't really gain anything of risking 0.5 lots as we never take profit of more than 0.10 lot (unless we close the trade manually).
I want to suggest an idea for changing the RR to a much better one (IMO).
Start the trade with 0.10 lot (SL 80 TP 30). if it goes back, we lose 80 pips at 0.1 lot. if it goes in our direction, at 30 pips profit open a new trade with 0.10 lot (SL 30 TP 30) and bank the current one. repeat the process every 30 pips.
This way, the max loss will be 0.1 lot X 80 pips, instead for 0.5 lot X 80 pips now.
The profits will remain the same, but the possibility of a big lost will vanish.
I know it may require to re-write the whole code, but I think it worth it.
What do you say ? I will make a table comparing the methods later and will post it here.
Thanks,
Dani M.

Bro Dani.

GBP/JPY was in SELL siganl on H4 TF??
GPY/JPY isn't a SELL in D1 TF with v2.1....
using sonic v2.1??

I don't think so...

http://i27.tinypic.com/1zxw3md.gif

Anyway..will read ur suggestion with care..btw...I think it is brillant idea...

But u gota careful t pip...t original MM has compounding effect!!

example

Open (a) 0.1 lot with TP 50 , SL 100
Once +50 pips of (a), close (a) and open (b) 0.1 lot with TP 50 , SL 50
Once +100 pips of (a), close (b) and open (c) 0.1 lot with TP 50 , SL 100
Once +150 pips of (a), close (c) and open (d) 0.1 lot with TP 50 , SL 150
Once +200 pips of (a), close (e) and open (f) 0.1 lot with TP 50 , SL 200

Is it correct?? I attached t OLD/using EA file....I need some 1 help on coding!!

!!! thx

sonic
Attached File(s)
File Type: mq4 SonicStriker_EA_v2.1.mq4   12 KB | 283 downloads
  • #489
  • Jun 3, 2008 2:24am Jun 3, 2008 2:24am
Quoting sonicdeejay
Bro Samieh,
I like the price action stragy but I have no idea how we could write it in the program code!!
BTW, any price indicator that u will recommend??


sonic
gonna try it tonight and update u
be blessed
Not by Might , Nor by Power .But by my spirit, Saith The LORD of Hosts
  • #490
  • Edited 2:42am Jun 3, 2008 2:31am | Edited 2:42am
hi guys,

i dun see the maths here....

u obviously get more profit when u do the five lot....coz ur intial pips wer compunded. If you added new position, it means, with every 30pips increment you will drop another 30pip for e remaining lots, the implications are large. Plus u pay broker extra pips for every position closed and re-opened. doesn't make sense at all.

below i have made a small example,

if you trade 5 lots,
at 30pips lot 1 will bank you $30
at 60pips lot 2 will bank you $60
at 90pips lot 3 will bank you $90
at 120pips lot 4 will bank you $120
at 150pips lot 5 will bank you $150
You tally at abt $450 wo comms

But if you do 1 lot setup
at 30pip u bank 1 lot make $30, open new pos and pay 2pips comm/spread means u bank $28.
at 60pip u bank 1 lot make $30, open new pos and pay 2pips comm/spread means u bank $28.

u get the drift?

regards,
jest
Attached Image
  • #491
  • Jun 3, 2008 2:34am Jun 3, 2008 2:34am
Quoting sonicdeejay
Bro Dani.

GBP/JPY was in SELL siganl on H4 TF?? using sonic v2.1??

I don't think so...

http://i27.tinypic.com/1zxw3md.gif

Anyway..will read ur suggestion with care..btw...I think it is brillant idea..I need some 1 help on coding!!

example

Open (a) 0.1 lot with TP 50 , SL 100
Once +50 pips of (a), close (a) and open (b) 0.1 lot with TP 50 , SL 50
Once +100 pips of (a), close (b) and open (c) 0.1 lot with TP 50 , SL 100
Once +150 pips of (a), close (c) and open (d) 0.1 lot with TP 50 , SL 150
Once +200 pips of (a), close (e) and open (f) 0.1 lot with TP 50 , SL 200

Is it correct??

sonic
Is this the same EA in the zip file, or new one?

as for trade management, I suggest, we trade 0.1 instead of 0.5 and when account grow we add to 0.2 then 0.3 and so on and follow Ozfx MM.
we are working on the EA and improving it, more winners and less losers, so in future we won't worry about loosing few trades as we will get more and more winning ones.
about the new sonic indicator, better to get less trades then getting more loosing trades.
keep up the good work sonic I am sure you will make the best EA, as I see how hard you work and search in more then one forum and more then one thread.
  • #492
  • Edited 6:51am Jun 3, 2008 3:21am | Edited 6:51am
Quoting Abouelzelouf
in future we won't worry about loosing few trades as we will get more and more winning ones.
about the new sonic indicator, better to get less trades then getting more loosing trades..
that is exactly my goal... more winners than lossers..in terms of $$,

I am looking serious coders...who can work hand in hand or teach/guide me along...with the coding....together we win, just lik Dr. Oz


sonic
  • #493
  • Jun 3, 2008 3:24am Jun 3, 2008 3:24am
Quoting sonicdeejay
BUY AUD/USD @ 0.9549
My first ever trade using v2.1 H4 TF on BUY AUD/USD @ 0.9549

+30 pips .... and SL move to BE now!!!


what a gd start!!!
sonic
  • #494
  • Jun 3, 2008 4:18am Jun 3, 2008 4:18am
Today the EA doesn't open yet any position. Now I have it on 15, 30, 60, 240min and daily time frame and the time filter is false (0 to 16), if your EA had open any position, please let me know. Thanks in advance. 09:18 (GMT)
  • #495
  • Jun 3, 2008 4:35am Jun 3, 2008 4:35am
Quoting sonicdeejay
My first ever trade using v2.1 H4 TF on BUY AUD/USD @ 0.9549

+30 pips .... and SL move to BE now!!!


what a gd start!!!
sonic

2nd TP hit!! +60

sonic
  • #496
  • Jun 3, 2008 4:37am Jun 3, 2008 4:37am
Quoting vidal
Today the EA doesn't open yet any position. Now I have it on 15, 30, 60, 240min and daily time frame and the time filter is false (0 to 16), if your EA had open any position, please let me know. Thanks in advance. 09:18 (GMT)
using ODL??

t EA never open trade or only today?? I think ur find name mite b wrong!!


check..ur folder

sonic
  • #497
  • Jun 3, 2008 4:54am Jun 3, 2008 4:54am
Hi again,
Attached an excel file comparing the current method , 30 pips method and a more advanced version with trailing stops & profit locking.
1. On the side of the broker I don't see the difference between the methods. It will be 10$ anyway. 2Pips X 0.5 lot = 5(2pips X 0.1 lot).
2. As you can see, the advanced version provides better RR ratio, avoiding the risk of a trade going immediately against us.
Please take a look.
Thanks
Dani M.
Quoting jest1081
hi guys,
i dun see the maths here....
u obviously get more profit when u do the five lot....coz ur intial pips wer compunded. If you added new position, it means, with every 30pips increment you will drop another 30pip for e remaining lots, the implications are large. Plus u pay broker extra pips for every position closed and re-opened. doesn't make sense at all.
below i have made a small example,
if you trade 5 lots,
at 30pips lot 1 will bank you $30
at 60pips lot 2 will bank you $60
at 90pips lot 3 will bank you $90
at 120pips lot 4 will bank you $120
at 150pips lot 5 will bank you $150
You tally at abt $450 wo comms
But if you do 1 lot setup
at 30pip u bank 1 lot make $30, open new pos and pay 2pips comm/spread means u bank $28.
at 60pip u bank 1 lot make $30, open new pos and pay 2pips comm/spread means u bank $28.
u get the drift?
regards,
jest
Attached File(s)
File Type: xls Sonic.xls   38 KB | 338 downloads
  • #498
  • Jun 3, 2008 6:16am Jun 3, 2008 6:16am
Quoting sonicdeejay
using ODL??

t EA never open trade or only today?? I think ur find name mite b wrong!!


check..ur folder

sonic
After I posted that message, the EA opened many positions, but I believe the EA on 15 min TF, it isn't a good idea, it can be a good idea if the TP is only about 10 or 15 pips.
  • #499
  • Jun 3, 2008 6:40am Jun 3, 2008 6:40am
Hi vidal,
I think you should use the ATR option of the EA. When setting the EA to use ATR values for TP & SL the adjustment to the TF and trading range of the pair will be done automatically.
There is a little math to do with the setting of the ATR, but it is documented in the MQ4 file.
If you need my assistance don't hesitate to ask.
BR
Dani M.
Quoting vidal
After I posted that message, the EA opened many positions, but I believe the EA on 15 min TF, it isn't a good idea, it can be a good idea if the TP is only about 10 or 15 pips.
  • #500
  • Jun 3, 2008 6:49am Jun 3, 2008 6:49am
Quoting vidal
After I posted that message, the EA opened many positions, but I believe the EA on 15 min TF, it isn't a good idea, it can be a good idea if the TP is only about 10 or 15 pips.

i guess...u needa adjust SL and TP in lower TF....

I will suggest we test t system in 1H,4H and D1 TF!!!


sonic
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