Dimon_ea Scalping

...moved to rookie discussion...

I put it on the demo IBFX last night. Results so far are interesting. See attached image. I first traded 0.1 lots but then changed to 1 lot, as that is mini account.

Maybe if it is turned off before major news events, it could make some nice pips.... I will keep testing.

Anyone enjoying success with this strategy? Please post your results. Thanks.

Good Trading, everyone.

how do you use the swiss EA inconjunction with Dimon ea?

It's obviously not recommended to just let the EA run alone. I've had four
-50 loser trades in a row. Working on the 5th loser as I type this.

todd

perceptron based systems need a good knowlwedge about the optimization.
the default setting and usage are a very bad joke....
as i mentioned several times, no way to make money with it on the long run

I agree, the x1 - x4 values should be updated every once in a while. They define weights for perceptron inputs. The weights should be optimized by a perceptron learning process.

Even then, it is not guaranteed it would work profitably...

...learning process..?
I dont see any learning process in this kind of systems. We are via optimization just looking for the best parameters of the past, assuming/hoping these parameters will make profit in the future. To call it AI is ridiculous IMHO

Gave it up after losing several trades. Few losers can wipe out all the small random gains. Its like betting on the color on roulette. Sure, you can win some, but you can't grow equity on it.

Hi all,

I will not discuss the logic behind this EA since I don't know anything about NN and similar and I trust you when you say that it will not work on the long run.

But I have to say that after a sort of optimization (probably wrong since I just gave it a try) and adjusting the stop loss, it looks to be working....

I am testing it on demo. I am mainly working on understanding who it works in terms of buy/sell, SL and TP and I kind of like it! In addition, it opens position in the right direction (it seems to be doing better than just a coin flip)

Since I am new on coding, I enjoy to learn about the EA mechanism in general.

Having say that, I wait to see how it goes...

ciao puma

Yes, learning process... It uses one neuron. Learning process is when neuron's input weights are being updated to produce required output - call it optimization, if you like. You can read something about NN on wikipedia to see what I mean.

However, NN cannot guarantee it will work, especially if only one neuron is used and its functionality is questionable. I do not think using some lagging indicator as input for the neuron would help to make it profitable....

90% Success so far:

21 trades over 2 days

18 winners

2 losers

1 trade closed @ 0

Hard for me to believe the poster who said he was working on his 5th straight 50 pip loss in a row. It seemsno matter how I traded it, I was ending up in profit.

Time will tell.

hi,guys.i think this EA is powerful.
i backtest the Dimon in 1m EUR/USD with 0.3lot per trade on FXDD
this is the picture.
what we lack in the EA is takeprofit and trailstop and trade time zone.
i hope someone can add these into the ea and post it here.
we can make it better.

forget to say :
the test is from 2008.9.20 to 2009.3.20. that is latest half year

Today would have been a big losses.

I manually demo trade this system - enter on second up or down domin bar, TP 7, SL 14.

Success and failures come in spurts, so it is hard to predict when to stay out of the trades. Last few days had 3:1 winner:loser ratio and hence profitable. But today was a slaughterhouse. it had 1:1 winner:loser ratio, making big losses.

If anybody is manually trading this system with any success, can anybody post their trading rules?

Today, there were series of winners on GU after London close. While EU was terrible today, GU would have made money.

Here is how I trade manually:

EU, TP=7pips, Mental SL=14
GU, TP=5pips, Mental SL=14


1) Setup Domin indicator on 5min chart
2) Setup THV indicator (HA, Cloud, Trix) on 1min chart (See the THV thread for how to set it up)
3) Wait for domin bar to change direction
- when previous Domin bar was down, and current domin bar is up, we have a setup for short trade
- when previous Domin bar was UP, and the new bar is down, we have a setup for long trade
4) Do not enter the trade yet. Wait for the second domin bar to be drawn.
5) After second domin bar has opened, look for confirmation
- Candle on THV chart show same color as candle on Domin chart
- Fast Trix has same color as candle on Domin chart
enter trade if current candle on THV chart also points to the same direction of trade ie. THV candle and Fast Trix color should be red if Domin has given short signal and green if Domin has given a buy signal. If it is not, than wait, do not enter the trade until they all line up as same color. If THV does not confirm during next 2 candles on Domin chart, that means Price action is not favorable and it is best to skip the trade, and wait for next domin direction change.
5) I exit when TP is hit. When I see price action reverse(THV candle has turned to oppposite color) or stall(if TP is not hit in couple of candles), I take early SL or less than TP and get out.
6)It is better to trade more lots than chase pips on these kind of trades. I get out at 7pips no matter what. I like to make it mechanical and stress free. Since sucess rate can be 2:1 or higher at 5-7 TP, and duration of position is so quickie, one can get away with aggressive MM.

I have been demo trading it only for last 3 days. So take it for whatever it is worth.

today I have added tp ts in this ea, first it runs well, but after about 1 to 2 hours, it can not run. when i remove it and remodify it, this thing accurs again...

I just can't belive that so many people got hoocked on this crap system!.What is wrong with you people. ?! I wonder why 95 % traders failled.

Hi,

since I see some interest (I don't talk about the logic of this EA and the optimization issues), and some doubts about the way it works, I tell you my findings:
the system has a stop loss (set at the beginning). the same stop loss also works as a take profit (so stop saying that there is not any).
when you are in gain and the price reaches approx. (it is included the spread) 2 times the stop loss, it will move up the stop loss of 1 SL (so around breakeven the first time).
The system works only at the opening of a new bar... so the stop loss is moved only if a bar opens at double the SL value distance from the stop loss.
Note that when the price opens at double the distance from the previous stop loss, the system (and here comes in the logic which I will not discuss) will either do one of the following:
- stay in the trade and move up the stop loss (which works now as a take profit - trailing profit) (as a trend follower)
- stop and reverse by entering double the lots of the position to reverse (as in a trading range)
- there is a line I don't understand (as many others!) which probably consider a third possibility to just close the trade, but I am not sure and never seen it happening in my testing.

I am still learning from it and doing tests.

If anyone as comments on these issues, I look forward to hear them! Also if my english and wording is not clear...

ciao puma

good way! i do the same