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Simple Trading Method with trader101

  • #221
  • Sep 23, 2008 11:59am Sep 23, 2008 11:59am
Quoting trader101
Franco,
There is no stupid questions here. Kidding aside, I really do appreciate what you have done and most of all shared it with us. Actually if you are using IBFX platform, the bias is LONG, and trading it LONG wont be bad, its just a lot of waiting, trading stress and large drawdown which might bore you and then eventually close you winning trade, because the market is ranging and slow..very slow. If you are trading this LONG on IBFX make sure to make an exception to EU and CJ they are short (as part of the optimazation of basket trading). Also if you could attached the excell spreadsheets in just an .xls file (the lower version) i do not have the latest excell. Also as a rule perhaps it is nice to see the ranking on average for the last 3 months.
T101

hey T101,

i thought it would be better the xls version but when i tried to save the file in xls i got an alert (from excel) that some functionalities would have been lost

Anyway i converted it and attache it ....to be straight it seems working good the same!
Attached File(s)
File Type: xls trader101sys2.xls   92 KB | 2,882 downloads
  • #222
  • Sep 23, 2008 12:11pm Sep 23, 2008 12:11pm
Quoting trader101
Point of clarification..
It wont close because we will continually be using it. The inactivity refers to unopen for 20 days.
T101
Sorry for the confusion, you're right. Duh.
Is your SL my TP?
  • #223
  • Sep 23, 2008 12:14pm Sep 23, 2008 12:14pm
Trader 101,
I went short ALL when the signal changed short from long on Ibfx Procalc.
When should I close? should I hang on until signal reverese or just when it feels enough?

Thanks again for sharing this wonderful system
Kris
Attached Image (click to enlarge)
Click to Enlarge Name: 102.gif Size: 53 KB
  • #224
  • Sep 23, 2008 12:15pm Sep 23, 2008 12:15pm
Quoting hndymann
I am trying to clarify and see if I have an understanding of what we are trying to do.

For a possible long trend trade we are looking for

1. All of the sells to be in positions 1-7 on the top half in positive profit.
2. All of the buys to be in positions 1-7 on the bottom half in negative profit.
3. The 7th sell from the top and the 7th buy from the bottom to cross, hop, skip or whatever they do.
4. Trade all 14 pairs LONG except for CADJPY SHORT
5. Cross your fingers and wait for some good profits
6. Am I missing anything?
1-2 ideally yes, but happenning --seldom
3 Just check whose anchoring, if the anchor moves out, that is the signal i use
4. if you are using the IBF platform
if all long.... EU is short and ChfJpy is short
if all short .. EU is long and ChfJpy is long
5. ok
6. clarified
T101
  • #225
  • Sep 23, 2008 12:18pm Sep 23, 2008 12:18pm
Quoting ES Trader
Trader 101,
I went short ALL when the signal changed short from long on Ibfx Procalc.
When should I close? should I hang on until signal reverese or just when it feels enough?

Thanks again for sharing this wonderful system
Kris
Your in profit. Make a mental profit lock when it reaches down there then close it all. If it is reversing because sometimes is a brief change only and will revert back.
  • #226
  • Sep 23, 2008 12:22pm Sep 23, 2008 12:22pm
Quoting trader101
1-2 ideally yes, but happenning --seldom
3 Just check whose anchoring, if the anchor moves out, that is the signal i use
4. if you are using the IBF platform
if all long.... EU is short and ChfJpy is short
if all short .. EU is long and ChfJpy is long
5. ok
6. clarified
T101
"anchor position ( position when sell from bottom half finally dislodged the number 1 buy, it is also the time the buy will dislodge the lowest sell.)"

You have mentioned this anchor quite a few times... maybe i'm thinking too hard here. Can you expand on this anchor. Yeah I feel like a moron.

How can you tell if the buy or the sell is the anchor or does it even matter?
  • #227
  • Sep 23, 2008 12:24pm Sep 23, 2008 12:24pm
Well, not sure if I'm doing this correctly, but I am gaining some pips. I'm using the ProfitCalc EA on my indicator platform. When the trend says long or short, I use the TradeHedgeBuy13 or Sell13 scripts to open the 14 trades.

On my first attempt I went long. I didn't notice the trend changed from long to short, and by the time I did the demo was down 5%. I then exited and used the script to short all and quickly gained 2%. I then did it once more and gained another 2%. I used the CloseTradesAfterProfitReached EA for that.

Issues:
All of the scripts have problems as they don't always open all the trades. Looking in the experts and journal log, the missing ones aren't even attempted.

The CloseAllAtProfit EA also has an issue in that both times it executed it left one trade open.

Also, trading .1 lot ($1/pip) what is reasonable profit to close down all trades? I was trading .1 lot on a 5k demo.
  • #228
  • Sep 23, 2008 12:25pm Sep 23, 2008 12:25pm
Things seem to be falling into place.. I know I started AI on monday but the sells and buys are coming together here.
Attached Image (click to enlarge)
Click to Enlarge Name: 9-23-2008 1-22-36 PM AI.png Size: 35 KB
  • #229
  • Sep 23, 2008 12:25pm Sep 23, 2008 12:25pm
Just for the Record on Optimization of trades.

For NonIBFX;
if Trading LONG;
short UsdChf
short UsdCad
if Trading SHORT
Long UsdChf
Long UsdCad

For IBFX user:
If Trading LONG
short EurUsd
short ChfJpy
If Trading SHORT
Long EurUsd
Long ChfJpy
You may edit the tradescript for this.
T101
  • #230
  • Sep 23, 2008 12:27pm Sep 23, 2008 12:27pm
Quoting BenQ
Well, not sure if I'm doing this correctly, but I am gaining some pips. I'm using the ProfitCalc EA on my indicator platform. When the trend says long or short, I use the TradeHedgeBuy13 or Sell13 scripts to open the 14 trades.

On my first attempt I went long. I didn't notice the trend changed from long to short, and by the time I did the demo was down 5%. I then exited and used the script to short all and quickly gained 2%. I then did it once more and gained another 2%. I used the CloseTradesAfterProfitReached EA for that.

Issues:
All of the scripts have problems as they don't always open all the trades. Looking in the experts and journal log, the missing ones aren't even attempted.

The CloseAllAtProfit EA also has an issue in that both times it executed it left one trade open.

Also, trading .1 lot ($1/pip) what is reasonable profit to close down all trades? I was trading .1 lot on a 5k demo.
The Scripts might need a pause between order executions... could be a slow server on the trading platform side
  • #231
  • Sep 23, 2008 12:32pm Sep 23, 2008 12:32pm
Quoting hndymann
Things seem to be falling into place.. I know I started AI on monday but the sells and buys are coming together here.
Thats it, thats the most it will do now. That placement was dictated by correlation nothing further will be done. For safe trading you wait tell those anchors (AudUsd and AudJpy) leave thier spot then you trade LONG. If that happend you your profit will be moving towards 0 and then hold until the profit reaches somewhere 20 or the anchors reaches the the opposite side then wait again for the anchors to leave and trade Short and again and again and again. Ihope you all got the points now.
T101
  • #232
  • Sep 23, 2008 12:34pm Sep 23, 2008 12:34pm
I didn't realize usdcad was also different. In my previous post, those gains were with all short except only usdchf long.

Quoting trader101
Just for the Record on Optimization of trades.

For NonIBFX;
if Trading LONG;
short UsdChf
short UsdCad
if Trading SHORT
Long UsdChf
Long UsdCad
T101
  • #233
  • Sep 23, 2008 12:37pm Sep 23, 2008 12:37pm
We need somebody to look at this scripts, especially the ones we used in actual trading, maybe some typo or need some optimization, soembody please volunteer for this job. Thank you.
  • #234
  • Sep 23, 2008 12:38pm Sep 23, 2008 12:38pm
Quoting BenQ
I didn't realize usdcad was also different. In my previous post, those gains were with all short except only usdchf long.
It was actually my bad, Ben , i miss it when i optimized the UChf.
  • #235
  • Sep 23, 2008 12:40pm Sep 23, 2008 12:40pm
Quoting trader101
Thats it, thats the most it will do now. That placement was dictated by correlation nothing further will be done. For safe trading you wait tell those anchors (AudUsd and AudJpy) leave thier spot then you trade LONG. If that happend you your profit will be moving towards 0 and then hold until the profit reaches somewhere 20 or the anchors reaches the the opposite side then wait again for the anchors to leave and trade Short and again and again and again. Ihope you all got the points now.
T101

I think I finally understand! Thank you
  • #236
  • Sep 23, 2008 12:42pm Sep 23, 2008 12:42pm
Quoting hndymann
"anchor position ( position when sell from bottom half finally dislodged the number 1 buy, it is also the time the buy will dislodge the lowest sell.)"

You have mentioned this anchor quite a few times... maybe i'm thinking too hard here. Can you expand on this anchor. Yeah I feel like a moron.

How can you tell if the buy or the sell is the anchor or does it even matter?
The first position and the last position. In the chart you post it was AU and AJ.
  • #237
  • Sep 23, 2008 12:53pm Sep 23, 2008 12:53pm
Here are the optimized scripts for IBFX.
Attached File(s)
File Type: mq4 mIBFX_buy_optimized.mq4   2 KB | 1,694 downloads
File Type: mq4 mIBFX_sell_optimized.mq4   2 KB | 1,543 downloads
Is your SL my TP?
  • #238
  • Sep 23, 2008 1:17pm Sep 23, 2008 1:17pm
I am sorry for asking the most stupidest question. I have to, since I am not good with computers.
I am trying to have TWO Ibfx account to try this system out. But when I open second account the fist one seem to disappear. I know I have to put the second one on new folder.How do I do that.
thanks
Sorry again for asking such a basic question
Kris
  • #239
  • Edited 4:26pm Sep 23, 2008 1:18pm | Edited 4:26pm
Here is an EA that will lock your profit when you are in postive profit:
i will give it to you in .EX4 because i dont want you to screw the code up.
This is the trailing profit stop you have NOT seen before. Below is how the profit is locked. Ex. you reached $5000 it locked $4510. It will closed all trades if profit go lower than the locked. Use this, if you wnat some parameter change you have to request it from me.

Profit ---- Profit Locked
$6000 - Limit to Close
5000 - $4510;
4500 - 4010;
4000 - 3510;
3500 - 3010;
3000 - 2510;
2500 - 2010;
2000 - 1510;
1500 - 1010;
1000 - 710;
700 - 510;
500 - 410;
400 - 310;
300 - 210;
200 - 110;
100 - 50;

The attached EA for ProfitProtect can be found at POst#1
  • #240
  • Sep 23, 2008 1:21pm Sep 23, 2008 1:21pm
Agreed. Any script or EA that tries to open multiple orders at the same time will have issues (trade context busy errors, etc) unless there is a pause between orders. There are a couple other things that can be done too, but to open 14 positions all at once requires a little more than these scripts have right now. You don't always see these errors in demos, but you will in live.

Quoting hndymann
The Scripts might need a pause between order executions... could be a slow server on the trading platform side
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