Is This My Holy Grail EA :D

Quoting nanningbob

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GM led the Dow lower, falling $2.15, or 31 percent, to $4.76, while Ford fell 58 cents, or 22 percent, to $2.08

These company stocks are becoming worthless.

"Everything we're seeing is historic. The problem is historic, the solutions are historic, and unfortunately, the sell-off is historic. It's not the kind of history you want to be making."

The Dow ended the day at its lows, finishing down 678.91, or 7.3 percent, at 8,579.19. The blue chips hadn't closed below the 9,000 level since the June 30, 2003.

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Quoting jnevins

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These are amazing times.... The movement is amazing in the forex markets too.. but as a trader, you can take advantage of it too... The 1.5 EA has been rock steady for me... ( I have also been doubling my demo account every week or so through this period with manual trading... but that is another story...)

The 1.5X EA has my 5k demo mini acct up 37% over the past 9 trading days and sits at $6,775 right now...

Courage, everyone....

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Quoting gerrigirl

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These sure are amazing times... my $500 demo is up to $3400. but when you have real money on the line you definatly trade different. My demo was in $1200 drawdown this morning and I just let it run, but when my live account had the most drawdown I've seen $400 .... I just couldn't watch it keep going down, I had to take a loss for the day. But I am still ahead this week. I'm just afraid that the one time I let my live account run like I do my demo it won't be profitable and I'll regret it. But right now I'm regreting not letting it run all day today. I would of made a lot $$$$$...
Oh well at least I made some profits this week....Gotta think of the positive

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Quoting Charlyeze

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Hello Bob and everyone,
Hearty greetings!

The trend direction of the system is based off of the 1 & 2MA crossing on the Daily chart,right? If so,it appears to me(I maybe seeing wrongly though) that it does give some false guides sometimes,which makes the ea to begin to hope for some retracement(that may not come in time).

I am just wondering if using the 5 & 8EMA crossing at the beginning of the Asian Open wouldn't offer a more stable direction.Just my thoughts,based on what I have been trying out.


Charles.

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Quoting nanningbob

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Thank you, you are free to try but basically that would react too slowly when the market changes direction. Instead of being on the wrong side occasionally you would find yourself on the wrong side of almost every turn. That was the failure of the 10.3 Martingale system. It was based on the MACD and when price changed directions it reacted too slowly. You want the quick market turn from the MA cross. If you are on the wrong side you almost always get the retrace because at the turn around area, that is when price will retrace the most and move the slowest. Once it starts accelerating in the new direction the MAs have crossed and you are on the right side of the trade. A MA 5x8 would not have the quick turnaround you need to be on the right side of the trade. That is just my opinion though. Good luck.

Also, when the market is ranging, there is no wrong side, right side. As long as your inside the range of the EA it will just sit there and make money going both ways. That is the beauty of this EA. I makes money when it ranges very easily and when price takes off and trends the MA cross changes very quickly to the trend and keeps you in it all the way through. There is just he rare times when the market doesnt do this and you have to close out the trade for a loss.

Right now we do not have a normal market so you just trade more cautiously or dont trade at all. I am not going to change the EA to fit an abnormal market. It has gone very successfully for 9 months, these market ranges are temporary, but if they do become the norm then we just expand the range of the EA. (tweak the basic philosophy) There is a very specific philosophy that goes with this EA and it is a rejection of many of the trading philosophies out there today. We are not looking for specific entrances or exact points. We are trading a range and the thinking is entirely different.

To enter a trade and have it go against you 200-300 pips just means I will make more money when it profits. That really freaks people out when they first try this. If you get it and understand you see the beauty and dangers. If you dont, you will try to solve problems with the traditional methods and my conclusion of those is they are very difficult to perfect. This is a much easier system to perfect.

But my final answer to your question is, I have tried many MA crosses, sto crosses, MACD crosses on many different time frames and the faster you turn around with price on a daily chart the better off you are. Those are my conclusions of 10 months of testing using at times 8 demos going at once.

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Quoting auto9817

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Hi Guys and bob


I am using your 100/40 system. and I have another near death trade opening all 8 level trade in GBPUSD.

It is bit funny on GBPUSD this morning.
When the EA open 8th level trade on 1.6785 GBPUSD at 06:53 10 Oct 08, actually 1.6785 never been hitted this morning if you check from Today's GBPUSD chart. The Lowest price was only 1.6794 around the time.

How does this possible?


Secondly, the 8 th trade is not the 1.5 time greater than 7 th Trade.
but it was rather 2.25 (1.5 * 1.5) times greater than 7 th trade.

(check it out from my statement, 7th trade =0.11 lot 8th trade =0.26. In theoy , 8 th trade should be opened at 0.17 lot)


how is this possible too?

It seems to me EA actually opened 9 th trade and skipping 8 th trade from looking at the lot size.


Have you ever come across this before bob?


A

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Quoting Leomeister

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Bob and pip-chasing colleagues,
In reference to the current challenge of how to trade this crazy volatile market you might experiment with the following strategy which has produced good, though short term, success. Though this global market crisis is tragic for many retirement funds etc., it is a unique opportunity to stress test optimal settings in a trading strategy. If we find a system and settings that does well in catastrophic market market moves unique in 20-90 years, we can coast into our golden years stress free.

Bob had mentioned in the past that one difference between his 100+40 expert and the 50+40 was that the first usually carried a positive balance during the day while it closed TP trades. In contrast the 50+40 carried a negative balance while it regularly closed trades reaching 50 pip TP.

The brillance in Bobs strategy as we've all noted is the regular closing/opening of the expert in order to keep it working with the trend. This is not so critical for profits in ranging markets but very critical during strong trends like we see this week. Taking this concept an extra step is just to close open trades and re-open several times in the day. Others have noted this.

The 50+40 expert spends most of its time in negative balance moving >$0 only a few times during the day. On a demo account with 50+40 D1.8 expert, I added a global close expert to a new non-trading chart which will close all account trades when a total profit is reached. I set this profit to +$1. With the 50+40 expert this has produced a very smooth profit curve during this last week as it restarts several times during the trade day and makes sure trades stay on the long side of the MA. Meantime it keeps closing small TP trades which is where the steady profit comes from rather than closing all trades when the total account is in profit. So the addition of the +$1 close automates the strategy of multiple mid-day restarts of new trade positions.

I haven't tested but I think this profit setting could produce the same result with the 60+45 expert but not with the 100+40 expert.

In the attached chart you see a before and after. The initial ragged drops in equity are manual closings when the regular expert settings had the trades staying on the wrong side of the market with deep equity draw downs. Where the smooth upward line begins, is where I added the global shutdown at +$1. You can choose which part of the equity curve you prefer (!)

The Account Analyzer is an indicator which when attached provides projected Rate of annual return which can be inspirational.

Again this only represents short term, 1 week results. Please demo test this before you run it on a live real money account. Bob's suggestion to stand aside during this current chaos is wise advice. If these settings for trading do survive the chaos it could be helpful as we don't know how many weeks (months?) this type of volatility will continue.

LeoM

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Quoting Leomeister

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Bob and pip-chasing colleagues,
In reference to the current challenge of how to trade this crazy volatile market you might experiment with the following strategy which has produced good, though short term, success. Though this global market crisis is tragic for many retirement funds etc., it is a unique opportunity to stress test optimal settings in a trading strategy. If we find a system and settings that does well in catastrophic market market moves unique in 20-90 years, we can coast into our golden years stress free.

Bob had mentioned in the past that one difference between his 100+40 expert and the 50+40 was that the first usually carried a positive balance during the day while it closed TP trades. In contrast the 50+40 carried a negative balance while it regularly closed trades reaching 50 pip TP.

The brillance in Bobs strategy as we've all noted is the regular closing/opening of the expert in order to keep it working with the trend. This is not so critical for profits in ranging markets but very critical during strong trends like we see this week. Taking this concept an extra step is just to close open trades and re-open several times in the day. Others have noted this.

The 50+40 expert spends most of its time in negative balance moving >$0 only a few times during the day. On a demo account with 50+40 D1.8 expert, I added a global close expert to a new non-trading chart which will close all account trades when a total profit is reached. I set this profit to +$1. With the 50+40 expert this has produced a very smooth profit curve during this last week as it restarts several times during the trade day and makes sure trades stay on the long side of the MA. Meantime it keeps closing small TP trades which is where the steady profit comes from rather than closing all trades when the total account is in profit. So the addition of the +$1 close automates the strategy of multiple mid-day restarts of new trade positions.

I haven't tested but I think this profit setting could produce the same result with the 60+45 expert but not with the 100+40 expert.

In the attached chart you see a before and after. The initial ragged drops in equity are manual closings when the regular expert settings had the trades staying on the wrong side of the market with deep equity draw downs. Where the smooth upward line begins, is where I added the global shutdown at +$1. You can choose which part of the equity curve you prefer (!)

The Account Analyzer is an indicator which when attached provides projected Rate of annual return which can be inspirational.

Again this only represents short term, 1 week results. Please demo test this before you run it on a live real money account. Bob's suggestion to stand aside during this current chaos is wise advice. If these settings for trading do survive the chaos it could be helpful as we don't know how many weeks (months?) this type of volatility will continue.

LeoM

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