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Systems that are used in live trading

  • #1
  • First Post: Feb 23, 2009 3:05pm Feb 23, 2009 3:05pm
Hi guys and girls, there are a lot of great systems described in the forum, I've read on quite a few of them.

Just wondering what systems are used by fellow members in live trading, and what of them work better than the others? I'm not looking for descriptions, links to other posts in this great forum would work just fine for me
Looking for more short-term trading, intraday, maybe scalping, but will research all the suggested systems if they make you money.

Sorry for newbie question, I'm new to forex but I have a lot of development experience, so may be able to contribute this way.

Thanks!
  • #2
  • Feb 23, 2009 3:25pm Feb 23, 2009 3:25pm
I know this one is currently being traded both live and demo...
http://www.forexfactory.com/showthread.php?t=153504

Quoting agent005
Hi guys and girls, there are a lot of great systems described in the forum, I've read on quite a few of them.

Just wondering what systems are used by fellow members in live trading, and what of them work better than the others? I'm not looking for descriptions, links to other posts in this great forum would work just fine for me
Looking for more short-term trading, intraday, maybe scalping, but will research all the suggested systems if they make you money.

Sorry for newbie question, I'm new to forex but I have a lot of development experience,...
  • #3
  • Feb 23, 2009 5:33pm Feb 23, 2009 5:33pm
I post all of my EAs and you can see their results, in real time, by clicking on the link in my footer
  • #4
  • Feb 23, 2009 6:57pm Feb 23, 2009 6:57pm
Quoting LongToBeFree
I post all of my EAs and you can see their results, in real time, by clicking on the link in my footer
isnt that a loss currently?
Grabbing the bull by the horns!
  • #5
  • Feb 23, 2009 7:22pm Feb 23, 2009 7:22pm
Once again, don't confuse "profitable" with "never loses money". Every system has their drawdowns. I'm just in the middle of a drawdown, but the long term will take care of me.

I have the balls to post both my good and bad results
  • #6
  • Feb 23, 2009 11:49pm Feb 23, 2009 11:49pm
Please don't take this as any aggression against your system. This is merely an observation I've noted:

Of all the profit/losses posted there, I see that only 1 of the 15 trades with posted profits/losses is actually profitable.

So, using that data: 1/15 = 6.6%. I'll be generous and use 7%.

Average Win: $15.18
Average Loss: $53.82642857, I'll round it down to $53.82

15.18 / 53.82 * 0.07 * 100 = 1.974358974

The above is how I rate systems, and just so you know, the success score of this system thus far based on the data in your profile is 2, even with all of the rounding in your favor.

You also have a floating loss of $115.81 on top of that.


Now, I don't know the timeframe you're using, or how the system works (other than it's an MA crossover).

In your defense, during the period (January 26 to the present), it was moderately ranging if you look on the daily chart.


I guess the question on everybody's mind is: What makes this system profitable?
  • #7
  • Feb 24, 2009 12:24am Feb 24, 2009 12:24am
Quoting agent005
Hi guys and girls, there are a lot of great systems described in the forum, I've read on quite a few of them.

Just wondering what systems are used by fellow members in live trading, and what of them work better than the others? I'm not looking for descriptions, links to other posts in this great forum would work just fine for me
Looking for more short-term trading, intraday, maybe scalping, but will research all the suggested systems if they make you money.

Sorry for newbie question, I'm new to forex but I have a lot of development experience,...
This may be of interest. I like manual confirmation so it isn't infallible but it may help. I rarely use higher charts higher then 15 mins as a guide, trade on the 5's.

http://www.forexfactory.com/showthread.php?t=130707

as well this may be of interest.

http://www.forexfactory.com/showthread.php?t=128699

PM me for the details on how to work them if you're interested.

Big giant cudos to smjones for the coding.
  • #8
  • Feb 24, 2009 8:03am Feb 24, 2009 8:03am
Quoting Ronald Raygun
I guess the question on everybody's mind is: What makes this system profitable?

  1. The account is a combination of an MA crossover system AND the Turtles trading. They are virtually identical to the EAs that I've already posted here
  2. I have no doubts that the Turtle system is profitable on its own, so I've merely coded it and let it run on various, non-correllated, pairs
  3. Most MA crossovers are mildly profitable but when you add some money management with pyramiding, they become SO much better. So, the trade entry side of it is your standard cross, the MM is the key on that one.
  4. In my backtests, I have experienced drawdowns as high as 22%, very much in line with what the Turtles should be. So far, this drawdown is well within those limits.


Finally, you of all people, should recognize that trading is about the long term. As Jacko says, I don't "jump at every pip movement" because I'm in this for the long term. The EA results I have up are for an account that is less than a month old. So, I'm really not worried about the short term result - talk to me in a few months and I'm sure the account will be much better

  • #9
  • Feb 24, 2009 4:48pm Feb 24, 2009 4:48pm
FX_California, LongToBeFree, pipjunkie - thank you all for your input!
I've read 5 min wave analysis and I like it a lot, no indicators just PA, very nice.
pipjunkie - thanks for your links, I like your fractal system, will research it in more details. What pairs do you trade? Do you trade only during London session?

Any other system, anybody?

Thanks all!
  • #10
  • Feb 25, 2009 11:27am Feb 25, 2009 11:27am
Quoting agent005
FX_California, LongToBeFree, pipjunkie - thank you all for your input!
I've read 5 min wave analysis and I like it a lot, no indicators just PA, very nice.
pipjunkie - thanks for your links, I like your fractal system, will research it in more details. What pairs do you trade? Do you trade only during London session?

Any other system, anybody?

Thanks all!
I trade 5 min eur/usd and gbp/usd. If you add AO and AC standard indis you'll see it gives great set-ups. along with the filter and you'll have success.

Yes i only trade London. Means getting up at 1a.m. my time but worth it.
  • #11
  • Feb 26, 2009 10:57am Feb 26, 2009 10:57am
pipjunky, what is AO and AC indicators? and what system are you talking about, fractals or the other one?
AO could be Accelerator Oscillator or Awesome Oscillator from the standard indis list, but what is it exactly?

btw, if you still need to have that EA from other post send emails - just let me know and can get that done for you.

Thanks!
  • #12
  • Feb 26, 2009 11:02am Feb 26, 2009 11:02am
Quoting agent005
pipjunky, what is AO and AC indicators? and what system are you talking about, fractals or the other one?
AO could be Accelerator Oscillator or Awesome Oscillator from the standard indis list, but what is it exactly?

btw, if you still need to have that EA from other post send emails - just let me know and can get that done for you.

Thanks!
Yes those are the indis. SMJONES did the ea's. I use them with manual confirmation. And also the FXSNIPER EA and indi I like on the 5 min with a 50 setting.

If you think you can refine the EA's let me know. It would be nice to have the AO and AC added to the fractal EA. however they work so smoothly now and execute properly I am afraid to have them tinkered with.
  • #13
  • Mar 3, 2009 12:44pm Mar 3, 2009 12:44pm
I should be able to add those 2 indis to the EA, so just let me know what are the rules for them...

Also my experience tells me to never touch anything that works, so I'll just create a new version for the EA so you can try new version and go back to old one in case you don't like it.
So let me know...
  • #14
  • Mar 3, 2009 8:06pm Mar 3, 2009 8:06pm
Quoting agent005
I should be able to add those 2 indis to the EA, so just let me know what are the rules for them...

Also my experience tells me to never touch anything that works, so I'll just create a new version for the EA so you can try new version and go back to old one in case you don't like it.
So let me know...
Rules are simple green for buy, red for sell. When they line up when a fractal appears (2 bars earlier) it's a buy or sell.

Pic attached.

As you can see I was a bit late on the trade. Was distracted with something else but have highlighted the scenario with blue rectangle and red vertical line.

As well as a copy of the ea attached.

SMJONES named it NSWAVE instead of fractal because of the pattern each forms. I actually forget exactly why but it is in the original thread.

Happy coding. Much appreciated.
Attached Image (click to enlarge)
Click to Enlarge Name: agent 05.gif Size: 25 KB
Attached File(s)
File Type: mq4 NSWave EA v1.0.mq4   5 KB | 425 downloads
  • #15
  • Mar 4, 2009 5:48am Mar 4, 2009 5:48am
Hi,

AO and AC repaints as well. you will need at least a trend indicator to tell you the direction of trend.


Regards,
Dan
  • #16
  • Mar 5, 2009 7:53pm Mar 5, 2009 7:53pm
Quoting Daniel Su
Hi,

AO and AC repaints as well. you will need at least a trend indicator to tell you the direction of trend.


Regards,
Dan
Hi Dan. sorry for the late reply. Busy week with kids' bdays etc.

Regarding repainting: ?This is a common misconception. Repainting would give a different answer for the same period. AO and AC, mainly AC because it covers shorter time frames WILL change color on a 5 min candle if price begins moving quickly in the opposite direction. I rarely see this personally and use those indicators daily.

Cheers!
  • #17
  • Mar 6, 2009 5:52pm Mar 6, 2009 5:52pm
Hey pipjunky,

Sorry about slow responses, I was really busy this week (and sounds like you were too).
Anyway, attached is a new version of the EA.
I've added AC and AO indicators. Code is not looking at the color (it actually not available from the code), so I'm just checking if current candle is higher than previous for buy order on both indis.

I've tested it on 5 min eu and gu for the 2 months of 2009 and I got twice less losses with new EA vs. old one but they are still losses.

I also added a Shift parameter. If you want EA to check not a current candle for AC and AO values but a prev candle - just set Shift to 1.

Have a nice weekend!
Attached File(s)
File Type: mq4 NSWave EA v1.1.mq4   5 KB | 380 downloads
  • #18
  • Mar 10, 2009 8:57am Mar 10, 2009 8:57am
Quoting agent005
Hey pipjunky,

Sorry about slow responses, I was really busy this week (and sounds like you were too).
Anyway, attached is a new version of the EA.
I've added AC and AO indicators. Code is not looking at the color (it actually not available from the code), so I'm just checking if current candle is higher than previous for buy order on both indis.

I've tested it on 5 min eu and gu for the 2 months of 2009 and I got twice less losses with new EA vs. old one but they are still losses.

I also added a Shift parameter. If you want EA to check...
Thanks. Will have a look and try it out on demo. Should also reiterate that I use this with manual confirmation while day trading, and do not leave it on its own.

Thanks!
  • #19
  • Mar 10, 2009 10:15am Mar 10, 2009 10:15am
Quoting agent005
Hey pipjunky,

Sorry about slow responses, I was really busy this week (and sounds like you were too).
Anyway, attached is a new version of the EA.
I've added AC and AO indicators. Code is not looking at the color (it actually not available from the code), so I'm just checking if current candle is higher than previous for buy order on both indis.

I've tested it on 5 min eu and gu for the 2 months of 2009 and I got twice less losses with new EA vs. old one but they are still losses.

I also added a Shift parameter. If you want EA to check...
Agent,
Here is another based on FX Sniper custom indi SMJones originally programmed. It executes well and thus far in 3 days of trying it on the 60 min (i normally use on the 5) I am up 350 pips this week without touching it (14, 10 setting), demo only for now. What would be excellent is if you could add an email function to it?

Here is the indi and the ea.

Thanks!
Attached File(s)
File Type: mq4 FX Snipers T3 CCI.mq4   3 KB | 377 downloads
File Type: mq4 FXSniperT3CCIEA_v1.1.mq4   4 KB | 395 downloads
  • #20
  • Mar 11, 2009 3:26pm Mar 11, 2009 3:26pm
U'r welcome!
Ok, I'll see what I can do about emails...

Have a good one
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