Super Carry Trade Trading System | Page 28 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Carry trade vs carry trader 3 replies

Super Carry Trading Strategy - Expert Advisor 22 replies

long term carry trade system? 3 replies

Gamblers carry trade system 5 replies

Attachments: Super Carry Trade Trading System
Exit Attachments

Super Carry Trade Trading System

  • #541
  • Jul 24, 2008 11:41am Jul 24, 2008 11:41am
Sorry but I'm not very confortable with english, what does "when the market is above average price" mean ? How do you get the average price ?
  • #542
  • Jul 24, 2008 12:12pm Jul 24, 2008 12:12pm
Hi again Dreamliner,
First of all thanks for Sharing with us the nice system.I have started to forward test it on live micro account.I am ok with drawdown ,but wanted to know how i can reduce the drawdown ?You mentioned earlier that you were working on something to reduce the drawdown.Could you please share with us ?
Thankyou again for giving us a wonderful system
Bhupinder
  • #543
  • Jul 25, 2008 12:28am Jul 25, 2008 12:28am
Quoting shiva
Hey Zen, great work on the EA! The ver 1 has made over 10 percent on my demo, how ever it is refusing to work on IBFX mini accounts, i see no messages such as "Ea is working/Ea is sleeping"

Also the the experts tab says "2008.07.23 19:27:03 Super_Carry_Trade_ver1 GBPJPYm,H1: zero divide"

Is this something to do with ibfx having a 'm' after the trade symbol? Such as GBPJPYm?
The EA refused to work further because it encountered a divide by zero when calculating the average price.

Zen/ some buy orders has no TP as well, u need to check the LowestPrice against the current price as well to see if the lowest price is higher or lower than the current price
  • #544
  • Jul 25, 2008 3:20am Jul 25, 2008 3:20am
The problem of zero divide was solved thus -
The idea was given by a friend on yahoo group -MetaTrader_Experts_and_Indicators

Change this code in the function:

AveragePrice = AveragePrice / PositionSizeTotal;
NormalizeDouble( AveragePrice, Digits);
CurrentAveragePrice = AveragePrice;

with an if filter:
if (PositionSizeTotal>0)
{
AveragePrice = AveragePrice / PositionSizeTotal;
NormalizeDouble( AveragePrice, Digits);
CurrentAveragePrice = AveragePrice;
}


ALSO, another solution was suggested to use

AveragePrice = NormalizeDouble( AveragePrice, Digits);

Quoting ronaldosim
The EA refused to work further because it encountered a divide by zero when calculating the average price.

Zen/ some buy orders has no TP as well, u need to check the LowestPrice against the current price as well to see if the lowest price is higher or lower than the current price
  • #545
  • Jul 25, 2008 6:15am Jul 25, 2008 6:15am
Hello,
I have been reading and following this thread, also been trying to test this EA except with FXDD I am getting invalid trade volume. Would soemeone please correct the code and repost the EA.

Thanks
  • #546
  • Jul 25, 2008 10:11am Jul 25, 2008 10:11am
Hello,

I am running EA on FXDD demo. When it opens trades it puts take profit on first order. My understanding was that first order stayed open with no TP. Did I miss something or set up EA wrong??

Thanks
Mombone
  • #547
  • Jul 25, 2008 10:20am Jul 25, 2008 10:20am
Quoting Mombone
Hello,

I am running EA on FXDD demo. When it opens trades it puts take profit on first order. My understanding was that first order stayed open with no TP. Did I miss something or set up EA wrong??

Thanks
Mombone
The first order does indeed take profit; there is no reason for it to stay open. As long as the market is moving up we take profit, increase our balance, and compound.

It is only when the market sinks that we put an order in with no take profit, which has the benefit of lowering the "average price" (blue line in Oanda) so that when the retracement comes we can exit lower, at a profit.

This is all real easy to see on Oanda.
  • #548
  • Jul 25, 2008 10:24am Jul 25, 2008 10:24am
Quoting Dreamliner
The first order does indeed take profit; there is no reason for it to stay open. As long as the market is moving up we take profit, increase our balance, and compound.

It is only when the market sinks that we put an order in with no take profit, which has the benefit of lowering the "average price" (blue line in Oanda) so that when the retracement comes we can exit lower, at a profit.

This is all real easy to see on Oanda.

So that is where the new ladder would begin after what ever drawdown we choose?? By the way how's life at COA?

Thanks
Mombone
  • #549
  • Jul 25, 2008 10:27am Jul 25, 2008 10:27am
Quoting Mombone
So that is where the new ladder would begin after what ever drawdown we choose?? By the way how's life at COA?

Thanks
Mombone
I don't trade the EA, so I can't answer at what point it begins a new ladder. But manually, you can do it either via a certain number of pips, or by time. I am testing both systems right now. The time system is better for those who are unable to check the market but once a day.

COA is fine, we're furloughing about 300-500 pilots initially, possibly more to come.
  • #550
  • Jul 25, 2008 10:36am Jul 25, 2008 10:36am
hi dreamliner
what s your lastest version is it v1.01 b ? when i test it i just leave it to default ?
regards
  • #551
  • Jul 25, 2008 10:38am Jul 25, 2008 10:38am
Quoting imad
hi dreamliner
what s your lastest version is it v1.01 b ? when i test it i just leave it to default ?
regards
I don't use the EA and don't have any idea about version numbers. Possibly others on here would know.
  • #552
  • Jul 25, 2008 10:54am Jul 25, 2008 10:54am
dreamliner
i just want to see if i understood well your system :
1- i place a market order 0.5 % of my balance . with 10 pip profit and i place pending buy orders 10 pip away from the entry price with 10 pip profit until 400 pip .
if the market reverse and go the other way i wait until i m 200 pip dd and i start placing one buy order everyday without TP . i hope i understood well if no please correct me .
and by the way what you mean if we have more than 1 order open and its positive and above average we close all a ?
how long you have been trading this and how much was the worst dd you have seen ?
thanks
  • #553
  • Jul 25, 2008 10:59am Jul 25, 2008 10:59am
Quoting Dreamliner
The first order does indeed take profit; there is no reason for it to stay open. As long as the market is moving up we take profit, increase our balance, and compound.

It is only when the market sinks that we put an order in with no take profit, which has the benefit of lowering the "average price" (blue line in Oanda) so that when the retracement comes we can exit lower, at a profit.

This is all real easy to see on Oanda.
OK, so.......I have to admit that all this time I have had this wrong. I was initially entering my market order with no take profit and putting TP's on all my stop orders in the ladder. I assumed the benefit was that when in an uptrend, you would collect the interest by holding your initial position, then when a top was achieved you averaged the price down between the top and the initial position. So it's TP's on all initial orders, and no TP's on the buy downs, just the new ladder built from the buy down. I think I have it right now?


Richard
  • #554
  • Jul 25, 2008 12:01pm Jul 25, 2008 12:01pm
I realised the EA opened too many pending orders on the secondary ladder, when it should really stop when it reaches the first ladder. I'll have to look through my codes again.

the zero divide problem was due to my careless programming. thanks shiva for pointing out my mistake.

ronaldosim, in version 2, all orders placed should have TP, except for the starting order of the second ladder onwards, this is so that it will help bring down the average. we shouldn't just look at the lowest price. we should look at the average of all the currently running positions. It will close out all opened trade and pending orders when the current bid is higher than the average price during the predefined hour stated in the "Input" tab.

I can provide a true/false option for the EA to close out all trades as soon as this condition is met regardless of the current time. that'll be in version 3 and note that this means moving away from dreamliner's orginal strategy and I wanna keep this kinda changes to a minimum.

I'm sorry for those using mini accounts as I've not catered for symbols ending with 'm'. for the time being, please use the "Lots" value for fixed lots and set "MoneyManagement" to false.

will post version 3 when its ready. currently having quite a few projects on hand so it might take a while. please be patient.
Programming for a better future.
  • #555
  • Jul 25, 2008 2:10pm Jul 25, 2008 2:10pm
Quoting imad
dreamliner
i just want to see if i understood well your system :
1- i place a market order 0.5 % of my balance . with 10 pip profit and i place pending buy orders 10 pip away from the entry price with 10 pip profit until 400 pip .
if the market reverse and go the other way i wait until i m 200 pip dd and i start placing one buy order everyday without TP . i hope i understood well if no please correct me .
and by the way what you mean if we have more than 1 order open and its positive and above average we close all a ?
how long you have been trading this and how much was the worst dd you have seen ?
thanks
All of your questions have been covered in the thread.

When more than one trade is opened and the current price is above the average price of all trades (in other words, overall profitable), then close all trades and begin again.
  • #556
  • Jul 25, 2008 2:17pm Jul 25, 2008 2:17pm
Quoting Richard7
OK, so.......I have to admit that all this time I have had this wrong. I was initially entering my market order with no take profit and putting TP's on all my stop orders in the ladder. I assumed the benefit was that when in an uptrend, you would collect the interest by holding your initial position, then when a top was achieved you averaged the price down between the top and the initial position. So it's TP's on all initial orders, and no TP's on the buy downs, just the new ladder built from the buy down. I think I have it right now?


Richard

You got it. You may have been combining two different variations into one method -- Dreamliner's original method and Scottie's version with the tops. I've gathered three good methods from this thread:

1. Dreamliner's original (Post 1)
2. Scottie's (top averaging, saving spread costs and lowering DD)
3. Ftraderx (conservative method which lowers DD)

Dreamliner will be sharing his modifications soon as well.

Glen

Let's vote this thread up...It's had my 5 stars.
  • #557
  • Jul 25, 2008 8:46pm Jul 25, 2008 8:46pm
I also voted 5 Star.
  • #558
  • Jul 25, 2008 9:37pm Jul 25, 2008 9:37pm
good way
  • #559
  • Jul 26, 2008 7:36am Jul 26, 2008 7:36am
It's a pleasure to give my 5 star vote to this thread.

Peter O.
  • #560
  • Jul 26, 2008 7:46am Jul 26, 2008 7:46am
hi
thanks
i know it was covered in the thread . i am asking if i understood well what was covered in the thread or not . so you can tell me YES or NO . in case you would like to help . in case you are so impatient to help please let the one i asked give me an answer if he would like to .
thanks again
0 traders viewing now