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Is This My Holy Grail EA :D

  • #1,361
  • Edited 10:01pm Oct 16, 2008 9:10pm | Edited 10:01pm
Quoting FrostCall
Also, making rather nice gains tonight as well! I wish I had not pulled out a few days ago, that retrace would have made me a ton.
This is the best thread on earth lol!

My experience on a live account taught me an invaluable lesson: never, EVER regret closing out a potentially bad trade that retraced and went well.

YOU DID NOT MAKE A LOSS. You protected your account.

You already know this, but for those who don't:

The point is to keep CONSISTENT profits (even if small), with as little loss as possible. The potential loss in a trade isn't worth risking to make a gain that is nothing but "hopeful"...and may never happen.

http://www.forexfactory.com/images/icons/icon2.gif One must make trades based on confidence in those decisions, not hope.
  • #1,362
  • Oct 16, 2008 9:30pm Oct 16, 2008 9:30pm
Can someone give me few examples days with death trade occurances...

i may come out with some solution to avoid them, but pls someone give at least the date (pls give 5 days from previous data as example).

just give any days that consider as death trade.
  • #1,363
  • Oct 16, 2008 9:47pm Oct 16, 2008 9:47pm
akukaya, nanningbob posted some great examples here, at the top of page 11.


On a different note, I wish the market would do SOMETHING right now. It's been 'blah' for the last several hours and I'm sitting at ~$-200 open trades. I wish it would just move so I can close this thing already!
  • #1,364
  • Oct 16, 2008 9:59pm Oct 16, 2008 9:59pm
Quoting joeTrue
hi gerrigirl,
good to see you make money...
and once again... this EA works...
anyway which EA are you using for the live account? 100/40 or 100/125?

I been running 100/125 on demo this whole week.
I have left it running from monday jap open to tue mid of euro and close it.
Did not run it on wed.
And again from thu jap open and will leave it till fri mid of euro.

It has increase for about 1k since the beginning of the week
Cheers!!!
I have noticed with the 100/125 that you will need to close out all trades occasionally, at least once or twice a week, because each time you take profit it moves 100 pips plus the spread. The starting points of the buy and sell slowly gets wider over time because of the spread so you need to restart everything to get the buy and sell back to just the spread apart again. I do this between market times when I am carrying very little draw down. I love the minimum drawdown of the new EA but the 100/40 keeps chugging along.
  • #1,365
  • Oct 16, 2008 10:01pm Oct 16, 2008 10:01pm
Quoting akukaya
Can someone give me few examples days with death trade occurances...

i may come out with some solution to avoid them, but pls someone give at least the date (pls give 5 days from previous data as example).

just give any days that consider as death trade.
I think I will begin cataloging some of my questions and answers so they will be easy to find. I know there is a section of a couple of pages I gave examples and explanations of how to trade the death trade. I think it is in the 50 or 60s page.
  • #1,366
  • Oct 16, 2008 10:32pm Oct 16, 2008 10:32pm
Quoting FrostCall
akukaya, nanningbob posted some great examples here, at the top of page 11.


On a different note, I wish the market would do SOMETHING right now. It's been 'blah' for the last several hours and I'm sitting at ~$-200 open trades. I wish it would just move so I can close this thing already!

hey Frost... I'm have the same wish too...
I'm sitting at -$150 open trades
  • #1,367
  • Oct 16, 2008 10:36pm Oct 16, 2008 10:36pm
Frostcall, AUDNZD example cannot be seen in my broker currencies list

but I found nanning post #966 that shows deathtrade example in SEPT08

I will check if my idea can be the solution for the death trade mention there.

I will post my finding
  • #1,368
  • Oct 16, 2008 11:07pm Oct 16, 2008 11:07pm
Actually I am developing my own EA that quite similar to this trade.
I make a quick check and YES, the death trade can be avoided...

Based on post #966, bob shows that in Sept for GU, there is potential death trades occurance.

I tested with my EA(which is also martingale) and it shows from 1st Sept till end Sept, all days is profit days..no death trade occurs..

Try this to avoid it with your EA:

1)Check the daily PIVOT
2)If price is start and moving below PIVOT, just set the EA for SELL trade only
3)If price is start and moving above PIVOT, just set the EA for BUY trade only

BTW, that is my quick finding based on SEPT08.

If you guys have other examples date for Death trade, let me test it.
Just post me the date.

I dont want to mix my EA with the EA here.
But i think the same findings may help.

I will post my own thread later after I get some further results from forward test or Live test.

Hope this help in finding a true HolyGrail EA.

p/s: IF no Death Trade, can this EA consider as HolyGrail EA?
  • #1,369
  • Oct 16, 2008 11:13pm Oct 16, 2008 11:13pm
Quoting FrostCall
akukaya, nanningbob posted some great examples here, at the top of page 11.


On a different note, I wish the market would do SOMETHING right now. It's been 'blah' for the last several hours and I'm sitting at ~$-200 open trades. I wish it would just move so I can close this thing already!
LOL I feel you on dat Forest...but every time I retraced within 15pips of break even, one broker i'm demo testing with (ForexMeta) suddenly "lost connection", three times in a row...what a co-incidence.

I wonder why the law hasn't done anything to safeguard traders from all these shady broker practices...I mean, their rules already make the business very profitable for them...but STILL they manipulate everything and make it almost a lose/lose situation for us...to the extent that they even try to hit traders' stop losses.
That's probably cuz everyone just sits and takes their crap.

Oh, on that note, BOB, just wondering if there is a way to make the SL on the 100 + 125 hidden from the broker? I know some EAs have that setting...just a thought.
  • #1,370
  • Oct 16, 2008 11:14pm Oct 16, 2008 11:14pm
Well, death trades have happened several times in the past few weeks. Let your EA run and see how it does.
  • #1,371
  • Oct 17, 2008 12:33am Oct 17, 2008 12:33am
Quoting akukaya
Actually I am developing my own EA that quite similar to this trade.
I make a quick check and YES, the death trade can be avoided...

Based on post #966, bob shows that in Sept for GU, there is potential death trades occurance.

I tested with my EA(which is also martingale) and it shows from 1st Sept till end Sept, all days is profit days..no death trade occurs..

Try this to avoid it with your EA:

1)Check the daily PIVOT
2)If price is start and moving below PIVOT, just set the EA for SELL trade only
3)If price is start and moving above PIVOT, just set the EA for BUY trade only

BTW, that is my quick finding based on SEPT08.

If you guys have other examples date for Death trade, let me test it.
Just post me the date.

I dont want to mix my EA with the EA here.
But i think the same findings may help.

I will post my own thread later after I get some further results from forward test or Live test.

Hope this help in finding a true HolyGrail EA.

p/s: IF no Death Trade, can this EA consider as HolyGrail EA?
Your reasoning is sound and it would not be a bad trading method but I know that there will be days price will reswing back after crossing a pivot line. I like the idea because it is a simple filter and easy to follow. I like playing the whole field though, good luck.
  • #1,372
  • Oct 17, 2008 12:33am Oct 17, 2008 12:33am
Hey guys,

can't seem to get the pivots EA (from both ver1 and ver2) to work on my charts...dunno what i'm doing wrong. I placed them in the "experts", "scripts" and "indicators" folders and none worked.

Any ideas?

Thank you.
  • #1,373
  • Edited 12:58am Oct 17, 2008 12:37am | Edited 12:58am
Quoting dmitry_dos
LOL I feel you on dat Forest...but every time I retraced within 15pips of break even, one broker i'm demo testing with (ForexMeta) suddenly \"lost connection\", three times in a row...what a co-incidence.

I wonder why the law hasn't done anything to safeguard traders from all these shady broker practices...I mean, their rules already make the business very profitable for them...but STILL they manipulate everything and make it almost a lose/lose situation for us...to the extent that they even try to hit traders' stop losses.
That's probably cuz everyone just sits and takes their crap.

Oh, on that note, BOB, just wondering if there is a way to make the SL on the 100 + 125 hidden from the broker? I know some EAs have that setting...just a thought.
It is just a matter of letting the EA handle the stop loss and not the broker. It is an emergency stop loss to keep your account from being wiped out. The chances of a currency going 800 pips without a retrace is unheard of. I have seen it one time and that is the Eur/Aud did that. I dont trade that pair anymore. I will be posting my new info for my 7 year currency info this weekend and this will form the basis of some fresh ideas.
  • #1,374
  • Oct 17, 2008 1:01am Oct 17, 2008 1:01am
Quoting dmitry_dos
Hey guys,

can't seem to get the pivots EA (from both ver1 and ver2) to work on my charts...dunno what i'm doing wrong. I placed them in the \"experts\", \"scripts\" and \"indicators\" folders and none worked.

Any ideas?

Thank you.
They should be in the indicators folder. After you put it there try dragging it on the screen and see if that works. Also check to see if it corrupted on the download and download again. Other than that, I dont know???
  • #1,375
  • Oct 17, 2008 1:25am Oct 17, 2008 1:25am
I'm very much looking forward to your report bob. I've been working off of your older one and I love it.
Also, closed trades for the week. The retrace I was waiting on for the past 10 hours finally came, so I took my profits and walked away for the week. I'm very happy with the results.
  • #1,376
  • Oct 17, 2008 2:34am Oct 17, 2008 2:34am
Me too. I will report my live results first. I turn on the 100/120 last week Thursday and ended my trading today when both my trade and account history in profit. I traded .01 the first 2 days and then .02 for 1 day. Then I made one adjustment and pocketed over 200 in one day. I will post those adjustments this weekend. The EA was never in trouble all week, I started at noon on Monday and let it run. I made two closes during the week. One was a Eur/JPY trade that was at level 3 (of 5) and I wasnt going to be home for 10 hours so I closed it to be safe. The trade did reverse later but that to me is no problem, safe than sorry. My live total for the week is 341 dollars. After getting kicked the last two weeks the markets finally settled and all my EAs did well. Here is the pic of my live account the one dip is my E/J close and the other was just a restart. I see over time the distance grows between the buy and sell entrances because of the spreads so I closed them to get them close again. Again this is real money not demo money.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #1,377
  • Oct 17, 2008 2:40am Oct 17, 2008 2:40am
Quoting nanningbob
Me too. I will report my live results first. I turn on the 100/120 last week Thursday and ended my trading today when both my trade and account history in profit. I traded .01 the first 2 days and then .02 for 1 day. Then I made one adjustment and pocketed over 200 in one day. I will post those adjustments this weekend. The EA was never in trouble all week, I started at noon on Monday and let it run. I made two closes during the week. One was a Eur/JPY trade that was at level 3 (of 5) and I wasnt going to be home for 10 hours so I closed it to be safe. The trade did reverse later but that to me is no problem, safe than sorry. My live total for the week is 341 dollars. After getting kicked the last two weeks the markets finally settled and all my EAs did well. Here is the pic of my live account the one dip is my E/J close and the other was just a restart. I see over time the distance grows between the buy and sell entrances because of the spreads so I closed them to get them close again. Again this is real money not demo money.
Good to know nanning, I look forward to hearing what adjustments you made. Have a nice weekend
  • #1,378
  • Oct 17, 2008 2:43am Oct 17, 2008 2:43am
This is my demo 100/120 run on .01 two days .02 for 3 days. I did not turn it off and had the Aud/jpy, Aud/nzd, and Nzd/jpy added to the list and it did very well. Gbp/Chf pushed it to the limit one time but it came out on the retrace in good shape.
Attached Image (click to enlarge)
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  • #1,379
  • Oct 17, 2008 2:49am Oct 17, 2008 2:49am
This is my 100/40 but this time I started every day at 1 GMT 9am EST and closed all trades at 19 GMT 3 am EST. You will see the dips from closing trades. I had to try this and see what would happen. It is clear to me finding a manual closing time instead of a set closing time is better.
Attached Image (click to enlarge)
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  • #1,380
  • Oct 17, 2008 2:55am Oct 17, 2008 2:55am
Quoting joeTrue
hi gerrigirl,
good to see you make money...
and once again... this EA works...
anyway which EA are you using for the live account? 100/40 or 100/125?

I been running 100/125 on demo this whole week.
I have left it running from monday jap open to tue mid of euro and close it.
Did not run it on wed.
And again from thu jap open and will leave it till fri mid of euro.

It has increase for about 1k since the beginning of the week
Cheers!!!
I was running 100/40 until this week then changed to 100/125. I will turn everything off within the next few hours. except my demos, i like to see what could happen.
I hope someday we all will go from $1000-$100,000 ..
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