the camels and taxi drivers kept trying to hump me ... but other than that it is safe ..lol
Trade what you see, not what you think.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #140,741
- Nov 21, 2008 9:41am Nov 21, 2008 9:41am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
- #140,746
- Nov 21, 2008 9:43am Nov 21, 2008 9:43am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Only heard good stories of Dubai, also regarding safety. By the way i am planning to visit friends in Dubai in 3 months.
Trade what you see, not what you think.
- #140,748
- Nov 21, 2008 9:44am Nov 21, 2008 9:44am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
It's safe here, you'll have a good time if you like hot weather lol
- #140,749
- Edited 11:00am Nov 21, 2008 9:44am | Edited 11:00am
- Joined Aug 2007 | Status: Jamaica | 1,069 Posts
I have completed a beta version of an EA for Auslanco's system. I had attempted to make the system modular, so that various indicators (as filters) could be added, however I ran into a snag with that. I also found out that the basic system did not do much better with more filters. We can explore that later, in the interim we can test the parameters of a basic version.
It appears to be reasonably profitable and the drawdown minimal. But you know how backtests are misleading.
Out of respect for Auslanco,and all I have learned on this thread, I will name the EA after Auslanco. Let's hope it doesn't go the way of Lilmoe's last dedicated trade.
The results below were with setting as follows:
PAIR: Cable
Stop Loss 100
Take Profit 120
Trailing Stop 0
Time Frame : 1 hour
Basic money management used. 3% risk on $10,000. ($3.00 for a stop loss of 100 pips)
Ok, so the simple logic of the program is as follows:
Calculates if qqe just crossed and qqe is over level (but under overbought level), but price is already over gann and vice versa for shorts. Also calculates spread levels and will not take a trade if the spread goes beyond a
certain value.
NOTE: The EA DOES NOT CALCULATE if gann has "just" crossed but the qqe was already crossed up and over level from previous bars. I found that if I placed this in the logic , more losses occurred.
Please note I don't expect anyone to use this on a LIVE account, as it hasn't been thoroughly tested.
Finally EA's are very particular of the names of the indicators used in the program. So I have included the exact names of the gann and qqe file used below.
EDIT : The QQE FILE IS NAMED QQEA.
It appears to be reasonably profitable and the drawdown minimal. But you know how backtests are misleading.
Out of respect for Auslanco,and all I have learned on this thread, I will name the EA after Auslanco. Let's hope it doesn't go the way of Lilmoe's last dedicated trade.
The results below were with setting as follows:
PAIR: Cable
Stop Loss 100
Take Profit 120
Trailing Stop 0
Time Frame : 1 hour
Basic money management used. 3% risk on $10,000. ($3.00 for a stop loss of 100 pips)
Ok, so the simple logic of the program is as follows:
Calculates if qqe just crossed and qqe is over level (but under overbought level), but price is already over gann and vice versa for shorts. Also calculates spread levels and will not take a trade if the spread goes beyond a
certain value.
NOTE: The EA DOES NOT CALCULATE if gann has "just" crossed but the qqe was already crossed up and over level from previous bars. I found that if I placed this in the logic , more losses occurred.
Please note I don't expect anyone to use this on a LIVE account, as it hasn't been thoroughly tested.
Finally EA's are very particular of the names of the indicators used in the program. So I have included the exact names of the gann and qqe file used below.
EDIT : The QQE FILE IS NAMED QQEA.
- #140,751
- Nov 21, 2008 9:48am Nov 21, 2008 9:48am
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
lol scrat .. it is not about buying and holding .. it is about buying and manipulating . Do you like to buy a car at full price or discount ?
Pros will push the markets higher to get the shorts at a better price
- #140,752
- Nov 21, 2008 9:49am Nov 21, 2008 9:49am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
lol hey malcolmb avani loves us. I barely understood anything of what he said. A new person to add to my ignore list.
- #140,753
- Nov 21, 2008 9:50am Nov 21, 2008 9:50am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
ah, he posted something? nice, ignore works pretty well
Trade what you see, not what you think.
- #140,756
- Nov 21, 2008 9:52am Nov 21, 2008 9:52am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
wouldnt pros have to buy to push the price higher and since it is downtrend it will probably take more buying power. so once they bought it and start selling and price goes down even quicker wouldnt they lose then? just curious :
the professionals NEED to short on rising prices. otherwise they could not sell 100 yards without market makers pushing prices down rapidly. on tops u often see distribution pretty well, seen on high vol up bars with a pretty tiny range. this means, that the prices are capped and for every buy order, they short into it. takes some time to get a grasp of it, but it is amazing.
the professionals remove supply, then they buy just enough to make prices rise and and rally begins...the other market participants then take care by buying and buying to keep prices rising, professionals might even support the rlally further to a predefined point.
read my previous post...explained.
- #140,757
- Nov 21, 2008 9:52am Nov 21, 2008 9:52am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
lol hey malcolmb avani loves us. I barely understood anything of what he said. A new person to add to my ignore list.
- #140,758
- Nov 21, 2008 9:52am Nov 21, 2008 9:52am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
I have completed a beta version of an EA for Auslanco's system. I had attempted to make the system modular, so that various indicators (as filters) could be added, however I ran into a snag with that. I also found out that the basic system did not do much better with more filters. We can explore that later, in the interim we can test the parameters of a basic version.
It appears to be reasonably profitable and the drawdown minimal. But you know how backtests are misleading.
Out of respect for Auslanco,and all I have learned on this thread, I...
Do I save the indicators in /experts/indicators folder? and how do I change the risk %, is it possible?
I want to give it a try on demo and see how it does, might be useful to make extra $ while I'm busy with life.
Trade what you see, not what you think.
- #140,759
- Nov 21, 2008 9:54am Nov 21, 2008 9:54am
I have completed a beta version of an EA for Auslanco's system. I had attempted to make the system modular, so that various indicators (as filters) could be added, however I ran into a snag with that. I also found out that the basic system did not do much better with more filters. We can explore that later, in the interim we can test the parameters of a basic version.
It appears to be reasonably profitable and the drawdown minimal. But you know how backtests are misleading.
Out of respect for Auslanco,and all I have learned on this thread,...
good job godfrey
i'll take a look at it over the weekend
- #140,760
- Nov 21, 2008 10:06am Nov 21, 2008 10:06am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.