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EOD trading system

  • #901
  • Feb 26, 2009 6:48pm Feb 26, 2009 6:48pm
Current Trades:
sell eurcad
sell eurusd
buy usdchf
sell audusd
buy usdcad

New trades
sell eurchf
sell eurgbp
  • #902
  • Feb 27, 2009 8:35pm Feb 27, 2009 8:35pm
Current Trades:
sell eurcad
sell eurusd
buy usdchf
sell audusd
buy usdcad (hit tp)
sell eurchf
sell eurgbp

New trades on Sunday
buy eurcad (so I will close the eurcad sell for a loss and buy)
sell audusd
buy gbpchf

So far I am at +1 for all of February after the recent losses, but I only did .01 on all trades. For March forward I will use the MM feature after I figure out what I'm willing to lose per trade and we'll see how March ends up.
  • #903
  • Feb 28, 2009 5:14am Feb 28, 2009 5:14am
Quoting llambert3
Current Trades:
sell eurcad
sell eurusd
buy usdchf
sell audusd
buy usdcad (hit tp)
sell eurchf
sell eurgbp

New trades on Sunday
buy eurcad (so I will close the eurcad sell for a loss and buy)
sell audusd
buy gbpchf

So far for all I am at +1 of February after the recent losses, but I only did .01 on all trades. For March forward I will use the MM feature after I figure out what I'm willing to lose per trade and we'll see how March ends up.
Hi

Do you mean +1 pip or +$1?
Regards
  • #904
  • Feb 28, 2009 7:52am Feb 28, 2009 7:52am
Quoting howard
Hi

Do you mean +1 pip or +$1?
Hey Howard, I've literally only made a penny lol.. I am doing this live on ibfx micro lots...

But also, I thought I started live on 2/1, but it was 2/8, so it was for only 3 weeks. I also wonder what the MM would've brought, be it positive or negative, so I'll get a better idea for March. What I'm trying to figure out now is what to do with the 6 open trades, whether to add to them to make the MM right for March, or include the closed values in February totals. Maybe I'll do it both ways. The eurcad sell will be a loss, so maybe I'll include it in February at least... right now (depending on gap/no gap sunday) it is at -246.
  • #905
  • Feb 28, 2009 10:57am Feb 28, 2009 10:57am
Quoting llambert3
Current Trades:
sell eurcad
sell eurusd
buy usdchf
sell audusd
buy usdcad (hit tp)
sell eurchf
sell eurgbp

New trades on Sunday
buy eurcad (so I will close the eurcad sell for a loss and buy)
sell audusd
buy gbpchf
Sorry I didn't realize I was already in an audusd sell that had not hit the stop yet so it will not be a new trade.

I've decided for March I will risk roughly $10 for each trade.
  • #906
  • Feb 28, 2009 2:24pm Feb 28, 2009 2:24pm
Quoting llambert3
Hey Howard, I've literally only made a penny lol.. I am doing this live on ibfx micro lots...

But also, I thought I started live on 2/1, but it was 2/8, so it was for only 3 weeks. I also wonder what the MM would've brought, be it positive or negative, so I'll get a better idea for March. What I'm trying to figure out now is what to do with the 6 open trades, whether to add to them to make the MM right for March, or include the closed values in February totals. Maybe I'll do it both ways. The eurcad sell will be a loss, so maybe I'll include...
You have done it in the best way possible that is to forward test on a micro lot.

Let's see what March will brew for us.
Regards
  • #907
  • Mar 2, 2009 6:17pm Mar 2, 2009 6:17pm
Current Trades:
buy eurcad
sell eurusd
buy usdchf
sell audusd (hit tp)
sell eurgbp (hit stop)
buy gbpchf (hit stop)

New Trades:
None

I did modify the trades (or tried to) to get the MM as close as possible.

AudUsd = +$1.88
EurGbp = -$8.41
GbpChf = -$8.51

March Total = -$15.04

I was a little off, but it was to my advantage since I didn't lose $10 twice.
  • #908
  • Mar 3, 2009 9:05am Mar 3, 2009 9:05am
Hi El Choho,

Nice work on the EA. Will be testing it. However, is there a need to change magic numbers if we were to trade on different pairs?

Wilson.



Quoting elchoco
OK EA lovers,

I like this strategy but used to spend ages calculating TP and SL levels at midnight which was a real pain.

So, here's a new EA which builds upon Dezil's excellent work. I have cleaned up the code (so I could understand it) and added some options which for me were absolutely fundamental for automating this Strategy (ie Minimum Risk-Reward).

The full options list is as follows:

Use_ATR - Set to True to use Take-Profit based on ATR range.
ATR_Period - If the above is true, this decides the ATR Period.
ATR_Multiple...
  • #909
  • Mar 3, 2009 10:04am Mar 3, 2009 10:04am
Hi El Choco,

The EA took trades too early...way before the candle_elapse_trigger threshold. There's more than 8 hours before the candle closes.

Wilson.
Attached Image (click to enlarge)
Click to Enlarge Name: eod ea bug.JPG Size: 163 KB
  • #910
  • Mar 3, 2009 6:36pm Mar 3, 2009 6:36pm
Current Trades:
buy eurcad (hit tp)
sell eurusd
buy usdchf

New Trades:
buy gbpjpy
buy audjpy
buy nzdjpy

Yesterday total = -$15.04
Today's P/L = +$4.35
March Total = -$10.69

I've set the stop to be from $8 to $9 instead of the $10 as I made a few errors in putting in the lots so I will try to be as consistent as possible. Not sure about all these yen buys at the same time. Poor me.
  • #911
  • Mar 3, 2009 9:24pm Mar 3, 2009 9:24pm
It seems like more often than not, it isn't good to take a trade that contradicts a fresh 5-8 EMA cross on the daily charts. On the G-J and N-J pairs, there was a recent cross down.

Elway
  • #912
  • Mar 4, 2009 5:54am Mar 4, 2009 5:54am
Quoting elway
It seems like more often than not, it isn't good to take a trade that contradicts a fresh 5-8 EMA cross on the daily charts. On the G-J and N-J pairs, there was a recent cross down.

Elway
well you never can tell. I am out of the nj already
  • #913
  • Mar 4, 2009 11:58am Mar 4, 2009 11:58am
Hi,

I really like this system and I have two questions:

1. Should I take or take not the position when I see a signal at 8.30 pm but arround 9 pm the arrow is gone and only the SL dot is left.

2. If I can't take a position in the evening because I'm not at home or I'm bussy is it possible to open the trade on the next morning?
  • #914
  • Mar 4, 2009 12:21pm Mar 4, 2009 12:21pm
Hi MCFLY

Hmmm if I had a signal at 8.30pm and knew I was around at 9pm then I check if it was gone id leave alone...how ever if I was going out then id take the signal at 8.30 if it was there..

The most crucial thing here is to try and be consitant with your times after all you may take a signal at 8.30pm which wins and I take at 9pm it wasnt there so I didnt enter and so I didnt win..


Its swings and roundabouts just try to look 10 mins either side of your window time.

Can you open a trade in the morning again swings and round abouts Id say yes if its your only option..I take at 9pm you take at 8am... My position is down 50 pips so you get the better fill and the smaller draw down on a winning position...but this could also happen in the opposite ie its moved up 50 I have 50 profit you have nowt.

If its easier to take positions early the next morning Id say do so before the London Open the Asian session is to so volatile and prices shouldn't move around an awful lot.

But again be consistant ie open all positions at 7am or 7.30am etc etc

Cheers

Paulus
  • #915
  • Mar 4, 2009 1:38pm Mar 4, 2009 1:38pm
I checked signals yesterday evening and picked GBP/JPY, AUD/JPY and CAD/JPY.
But the 4 hour stoch was overbought already so i placed pendig orders about 50 pips from marketprice at that time (about 8pm gmt). Well today GPB/JPY and AUD/JPY were both triggered and in profit when i woke up ... And both hit their original ATR5 target.

I just want to tell you cause I´m so excited about it. It has been a long time since a trade went this well.

With the 50 pip retracement the g/j trade had a R:R ratio almost 1:3

Great!! Hope for more trades like this to come
  • #916
  • Mar 4, 2009 1:39pm Mar 4, 2009 1:39pm
Quoting Paulus
Hi MCFLY

Hmmm if I had a signal at 8.30pm and knew I was around at 9pm then I check if it was gone id leave alone...how ever if I was going out then id take the signal at 8.30 if it was there..

The most crucial thing here is to try and be consitant with your times after all you may take a signal at 8.30pm which wins and I take at 9pm it wasnt there so I didnt enter and so I didnt win..


Its swings and roundabouts just try to look 10 mins either side of your window time.

Can you open a trade in the morning again swings and round abouts Id say...
Hi Paulus,

thanks alot for your answer. Do you often notice the next day that the signal disappeared during the night?
  • #917
  • Mar 4, 2009 6:08pm Mar 4, 2009 6:08pm
Current Trades
sell eurchf (still in this, somehow I forgot to copy it down to new posts)
sell eurusd (hit tp)
buy usdchf (hit tp)
buy gbpjpy (hit tp)
buy audjpy (hit tp)
buy nzdjpy (hit tp)

New Trades
sell eurgbp
buy eurjpy


Yesterday total = -$10.69
Today's P/L = +$27.17
March Total = +$16.48
  • #918
  • Mar 4, 2009 11:53pm Mar 4, 2009 11:53pm
Paulus, I greatly appreciate this post; our backgrounds, upbringing and the resultant guilt and shame are all similar.

I highly recommend you go to SettingCaptivesFree.com as there is much help and healing available, both for you and your wife.

Quoting Paulus
Hi Thanks for all the comments I will lay myself open so you know what is happening this end.I want to say this as its a way of purging how I feel inside and may help with the healing

Ive been with my wife for 25 years and have 2 children Tom 17 Katy 11

12 weeks ago my wife found out that I have been in contact with another woman 20 years younger than myself the relationship was text based although I did see her several times for tea and a chat.There was no sexual contact but my wife found out and there on that day our worlds ended.

I had been...
  • #919
  • Mar 5, 2009 1:04am Mar 5, 2009 1:04am
Greetings Paulus,

I am just reading this thread and have taken my first 2 trades. I thank you mostly for the money management, that is helping a lot.

My question is, do you, or does anyone else, have any good Excel spreadsheets for keeping track of your trades? If so, can you post them here?

Thank you.
  • #920
  • Mar 5, 2009 6:31am Mar 5, 2009 6:31am
Hi,

Is anyone tweaking the original criteria? I'm looking at a recent GBPCHF short trade that was triggered, but looking at the CCI it had meandered around the 0 value for the previous 3 days. Certainly there was no sign of a strong downtrend to take a short trade.

I'm wondering if it would be better to have a minimum value for CCI. Or that the CCI must have been negative for x days, or that the CCI must be lower today than yesterday. There are quite a few examples where the CCI is slowly rising from a large negative value and a short trade triggers yet the trend is now long.

Just throwing this out there for those following this system. I'll continue to look deeper.
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