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Trading aud/nzd successfully

  • #1,181
  • Jan 29, 2009 1:07pm Jan 29, 2009 1:07pm
idea to reduce ea risk
well call it 30 x 20
30 TP/SL
20 is the baced rythem
the idea is instead of entering every 20 pips and multyplying it by 1.6, 1.7, 2.0 or what ever to build the martingale
then you have a 1h candle that is 90 pip down
instead of entering 20,40,60,80 and close at 90 to next bare
you skip 20-80 and enter at close (90)
now you can skip 4 trades and cost but need to calculate correct multiplier for entering at 90.
it can calculate the missing losses to reduce loss when reversed
maybe my questions is complicated. ask questions ill explane my idea

in may spread out the doubling penny to help limit death trade
the markets moving, time to get in!
  • #1,182
  • Jan 29, 2009 1:16pm Jan 29, 2009 1:16pm
hello dmjservices,

sorry, but i really didn't understand it. you skip the first 3 levels and open order at close of bar? my native language is not english, but usually i understand english.

could you please explain with picture or example steps etc.

thank you
  • #1,183
  • Jan 29, 2009 1:26pm Jan 29, 2009 1:26pm
Quoting dmjservices
idea to reduce ea risk
well call it 30 x 20
30 TP/SL
20 is the baced rythem
the idea is instead of entering every 20 pips and multyplying it by 1.6, 1.7, 2.0 or what ever to build the martingale
then you have a 1h candle that is 90 pip down
instead of entering 20,40,60,80 and close at 90 to next bare
you skip 20-80 and enter at close (90)
now you can skip 4 trades and cost but need to calculate correct multiplier for entering at 90.
it can calculate the missing losses to reduce loss when reversed
maybe my questions is complicated. ask questions...

Not sure I get you completely ...but it may be similar to an idea that I have had too ...which is to put in the EA the mathematical capability to to place a recovery trade after a drastic market break out so that the it can close out all trades in "X" number of pips...E.g. 12 pips.

NanningBob has been looking at detecting the end of a breakout I think by using MA crosses. So if we can somehow detect the end of a break out ...we could have a parameter "Recovery Trade Retracement" or something like that.

For example lets say 12 pips...The EA would then calculate the amount of lots needed to close out the cycle of trades in 12 pips.

You could then adjust this value depending on the state of the market as needs be.

So In a 90 x 60 system ...lets say the market breaks out by 600 pips ...we could set the recovery retracement to be 30 pips ...the EA then calculates the amount of lots needed in the Recovery Trade so that a retracement of 30 pips can close out the cycle of trades.
  • #1,184
  • Edited 2:12pm Jan 29, 2009 1:59pm | Edited 2:12pm
ok the idea is to do this bar with out 7 trades and still have winning martingale
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BAR SKIP (800x500).jpg Size: 15 KB
Click to Enlarge Name: BAR check.jpg Size: 209 KB
the markets moving, time to get in!
  • #1,185
  • Jan 29, 2009 2:13pm Jan 29, 2009 2:13pm
ok does that help?
the markets moving, time to get in!
  • #1,186
  • Jan 29, 2009 2:21pm Jan 29, 2009 2:21pm
what if the rule is at least 20 pips 1h
and use a slide scale to deside price and enter on close of - 1h bar.
you would have to close winning position then too if bar above last 30 profit then reduce losses due to many trades spread. but basically work the same way. but skiping trades along the way.
the markets moving, time to get in!
  • #1,187
  • Edited 3:51pm Jan 29, 2009 2:29pm | Edited 3:51pm
the idea is to have a small retraction like 30 and have a large range like possibly 700 pips maybe bigger


any questions?
the markets moving, time to get in!
  • #1,188
  • Jan 29, 2009 4:46pm Jan 29, 2009 4:46pm
i think i know now what you mean:

open position at open bar with 0.1 lot
open another pos. at close bar (90 pip) and with i.e 0.35 lot to recover the first order and get profit with a pullback of 20 pips. right?
  • #1,189
  • Jan 29, 2009 5:07pm Jan 29, 2009 5:07pm
right
and i'm trying to set up a automatic scaling trade that way you set up and leave on.
the markets moving, time to get in!
  • #1,190
  • Jan 29, 2009 5:45pm Jan 29, 2009 5:45pm
So I understand, you're saying to have the EA not open any new trades until the bar closes? Or, no new trades until it goes up by X pips?
Quoting dmjservices
the idea is to have a small retraction like 30 and have a large range like possibly 700 pips maybe bigger


any questions?
  • #1,191
  • Edited 6:33pm Jan 29, 2009 6:09pm | Edited 6:33pm
make the range settable like 30 pips for retractment and your buys that are following the move could be left in and not just trading every move adding to loss through slippage, spread, multiplyer loss, extending distance to Death trade the skip martin.
the markets moving, time to get in!
  • #1,192
  • Edited Jan 30, 2009 1:44am Jan 29, 2009 7:04pm | Edited Jan 30, 2009 1:44am
still working on math
i'm really sorry if my math is confusing

C=close
RR= retract range (Represented in thumbnail as 20pips for illustration)
ML= multiplier (long)
MS= multiplier (Short)
E=enter
P=price
SD=scale distance
PRO=profit tasked with RR on


Short
E@RR>C on pre C (just before the hour's up)
P=MS



Long
E@RR<C on pre C
P=ML

have that reset ((5+spread):100)=SD for retraction
the Multiplier is the hard part

2 trades it starts at .01 and moves 140 pips = 1.40 loss at this point say we go .08 for movement 20 pips = 1.60-1.40=.20
not bad considering the other multiplier is 1.28 you would have many steps to go and only need 20 RR
.08 is a smaller multiplier than 1.28 + no scalling .02 .04 with the losses and know matter what it makes it much bigger with 20 pip retraction for 20 pips
(((sum of trend loss)+PRO)/RR)if RR is reached

RR close trend direction
reset trend step set opposite trend to step 2
Attached Image (click to enlarge)
Click to Enlarge Name: BAR check.jpg Size: 144 KB
the markets moving, time to get in!
  • #1,193
  • Jan 30, 2009 1:48am Jan 30, 2009 1:48am
is this an poor observation.
the markets moving, time to get in!
  • #1,194
  • Jan 30, 2009 1:52am Jan 30, 2009 1:52am
now i understand fully. the most calculation part ist the lotamount math in conjunction with the bardistance to the first order.

what if the first closing bar with the first order is only 10 pips great? wait until the next bar? or do not open another order and wait for a pullback back to the 20 pip profit?

i think the idea is great. but who is willing anf able to make changes to the EA code? then we could back- & forwardtest this method.
  • #1,195
  • Jan 30, 2009 1:53am Jan 30, 2009 1:53am
the only bad thing about this is you made lesser profit too.

and my obersavtion is: within the bar(90 pips) you could have allready the 20 pip pullback. you only see here a finished bar. in volatil market condition you could have 2 times low to high and high to low movements in one bar.

with your idea you have only 1 probability to trade, but with the old method maybe more. you know?
  • #1,196
  • Jan 30, 2009 2:12am Jan 30, 2009 2:12am
it would only need a 20 pip move in favor with in 500 pips movment well it would be dyanimc numbers.
the markets moving, time to get in!
  • #1,197
  • Jan 30, 2009 7:37am Jan 30, 2009 7:37am
ROI: 370%

Didn't trade the day of the FOMC Annoncment altough it would have been pretty profitable. Could have gained enough to get to 6000 USD by the end of the week.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
  • #1,198
  • Jan 30, 2009 9:31am Jan 30, 2009 9:31am
Quoting Tjpld
ROI: 370%

Didn't trade the day of the FOMC Annoncment altough it would have been pretty profitable. Could have gained enough to get to 6000 USD by the end of the week.

Is this trading the Aud/Nzd and Aud/Cad only? What are your settings?

I was doing pretty well myself and I had an Internet outage that wreaked account.
  • #1,199
  • Jan 30, 2009 10:11am Jan 30, 2009 10:11am
Quoting Tjpld
ROI: 370%

Didn't trade the day of the FOMC Annoncment altough it would have been pretty profitable. Could have gained enough to get to 6000 USD by the end of the week.
Tj,your demo result is quite interesting.I suppose you are using 30x20 buy sell,80pips from MA? Whats your highest DD so far?

By the way,what's keeping you from going live;your results is even enough for anyone to go live with.

Thanks.


Charles.
  • #1,200
  • Jan 30, 2009 10:51am Jan 30, 2009 10:51am
"2 trades it starts at .01 and moves 140 pips = 1.40 loss at this point say we go .08 for movement 20 pips = 1.60-1.40=.20
not bad considering the other multiplier is 1.28 you would have many steps to go and only need 20 RR
.08 is a smaller multiplier than 1.28 + no scalling .02 .04 with the losses and know matter what it makes it much bigger with 20 pip retraction for 20 pips
(((sum of trend loss)+PRO)/RR)if RR is reached"

dmjservices, I think I understand what you're getting at in your post, and you'd like an EA designed to do that. Would THIS be an alternative? Your first trade is made at, say, 80 pips from center, which is already at a good extreme. How about setting the EA to make just that ONE trade, with a 400 PIP SL, and no more trades on that EA. Once that trade is generated, you attach a second EA to trade at 140 PIPS away from there at .08 with the same 20 PIPS TP.

Or, couldn't one just set the existing EA to not take another trade until 160 PIPS away from trade number one, and use a multiple of 8 times, with a maximum of two trades?
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