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Forex Trend Catcher EA

  • #661
  • May 12, 2009 2:05am May 12, 2009 2:05am
Prosper4Rex,

I sent you an email request for the EA license on my live account. Thank you so much for sharing!

Bob
  • #662
  • May 12, 2009 2:46am May 12, 2009 2:46am
Bernard,

I am running v1h (latest one I received) on the following pairs:

Eur/Usd ; Usd/Chf ; Gbp/Usd ; Usd/Jpy ; Usd/Cad ; Aud/Usd ; Eur/Gbp ; Eur/Chf ; Eur/Jpy ; Chf/Jpy

Attached are my results from yesterday.
Two noticeable things:
- All trades were profitable
- There were two consecutive trades on Usd/Cad after the first one closed the EA waited 1 hour, decided it is still trending and made another one

Today no trades yet. I'll keep you posted with my results.

Thank you for all your work so far,

Oren
Attached File(s)
File Type: doc Trend Catcher v1h 11052009.doc   67 KB | 570 downloads
  • #663
  • May 12, 2009 3:53am May 12, 2009 3:53am
Quoting Orenn
Bernard,

I am running v1h (latest one I received) on the following pairs:

Eur/Usd ; Usd/Chf ; Gbp/Usd ; Usd/Jpy ; Usd/Cad ; Aud/Usd ; Eur/Gbp ; Eur/Chf ; Eur/Jpy ; Chf/Jpy

Attached are my results from yesterday.
Two noticeable things:
- All trades were profitable
- There were two consecutive trades on Usd/Cad after the first one closed the EA waited 1 hour, decided it is still trending and made another one

Today no trades yet. I'll keep you posted with my results.

Thank you for all your work so far,

Oren
why some of your trades doesn't have SL ? You remove them ?
  • #664
  • May 12, 2009 6:04am May 12, 2009 6:04am
As I understand it, in this version the SL (At least the initial) is hidden and activated by the EA when reached.

Bernard, please confirm/add about this as you are the only one who really knows how this works.

Oren
  • #665
  • Edited 7:36am May 12, 2009 7:14am | Edited 7:36am
Quoting Orenn
As I understand it, in this version the SL (At least the initial) is hidden and activated by the EA when reached.

Bernard, please confirm/add about this as you are the only one who really knows how this works.

Oren
Version 1h implements a hidden SL feature to thwart stop loss hunting by some brokers. The SL appears only after Trailing Stop is triggered. By this time, the open position is in profit and there is no incentive to trigger off SL .

The EA still protect a losing position should the price surpassed the hidden stop loss. For example, with a hidden SL of 100 pips, should an open position equals/exceeds -100 pips, EA will automatically close that losing position.

Without a SL in view, no stop loss hunting is possible.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #666
  • Edited 7:39am May 12, 2009 7:16am | Edited 7:39am
Quoting Orenn
As I understand it, in this version the SL (At least the initial) is hidden and activated by the EA when reached.

Bernard, please confirm/add about this as you are the only one who really knows how this works.

Oren
maybe u are right. I didn't have any trade at the moment, so I don't know that it doesn't have a SL. However , I think a fake SL should be place. If any unexpected event happen the SL is there. It could be possible the currency pair spike 500 pips when your computer is down or internet connection is down or your broker connection is down. maybe a fake 150 SL is good or maybe a random number between 150 - 200 can be place as fake SL.
  • #667
  • May 12, 2009 8:05am May 12, 2009 8:05am
Quoting forexisfx
maybe u are right. I didn't have any trade at the moment, so I don't know that it doesn't have a SL. However , I think a fake SL should be place. If any unexpected event happen the SL is there. It could be possible the currency pair spike 500 pips when your computer is down or internet connection is down or your broker connection is down. maybe a fake 150 SL is good or maybe a random number between 150 - 200 can be place as fake SL.
Good idea
regards
Andy
  • #668
  • May 12, 2009 8:06am May 12, 2009 8:06am
Quoting forexisfx
maybe u are right. I didn't have any trade at the moment, so I don't know that it doesn't have a SL. However , I think a fake SL should be place. If any unexpected event happen the SL is there. It could be possible the currency pair spike 500 pips when your computer is down or internet connection is down or your broker connection is down. maybe a fake 150 SL is good or maybe a random number between 150 - 200 can be place as fake SL.
Whether you have a real or fake SL in place, once broker launched a stop loss hunting program against you, your SL will be taken out and you incur that loss.

If your computer is down, internet connection is down, broker connection is down - nothing can help you.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #669
  • May 12, 2009 8:33am May 12, 2009 8:33am
Quoting prosper4rex
Whether you have a real or fake SL in place, once broker launched a stop loss hunting program against you, your SL will be taken out and you incur that loss.

If your computer is down, internet connection is down, broker connection is down - nothing can help you.

Bernard
what i mean is having 150 fake SL is preventive SL just in case something goes down for a long period of time and the market reverse the other way. If internet is down for only a few minutes the SL 150 wouldn't have any impact and wouldn't have any use. In rare event, the 150 SL might prevent unexpected big loss.
  • #670
  • May 12, 2009 8:34am May 12, 2009 8:34am
Quoting prosper4rex
Whether you have a real or fake SL in place, once broker launched a stop loss hunting program against you, your SL will be taken out and you incur that loss.

If your computer is down, internet connection is down, broker connection is down - nothing can help you.

Bernard
If one can be summarily executed in this way (during major price movements /spikes when connection is down), then it will be best to not trade this EA on a Monday, Friday or any major news day, or am I wrong?...........

Regards
Andy
  • #671
  • May 12, 2009 8:45am May 12, 2009 8:45am
Quoting forexisfx
what i mean is having 150 fake SL is preventive SL just in case something goes down for a long period of time and the market reverse the other way. If internet is down for only a few minutes the SL 150 wouldn't have any impact and wouldn't have any use. In rare event, the 150 SL might prevent unexpected big loss.
The hidden SL is there to prevent any untoward losses from happening. It is hidden from stop loss hunting program, but is there in the background to protect losing position.

Whether you have a fake 200, 500, 1000 pips SL , as long as SL is there and seen - it can be taken out.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #672
  • May 12, 2009 9:35am May 12, 2009 9:35am
hi guys..

is someone using alpari(us)?coz i still dont have a trade..

regards
deen
  • #673
  • May 12, 2009 9:41am May 12, 2009 9:41am
hi again...

bernard is it because i put the daily pivot and trade range on my chart so that the EA wont work or it doesnt matter whether if i put it or not...

regards
  • #674
  • May 12, 2009 9:55am May 12, 2009 9:55am
i am using Alpari (UK) and i dont have any trades either on EURUSD, USDCHF, GBPUSD, USDJPY.
  • #675
  • May 12, 2009 10:10am May 12, 2009 10:10am
So far i have had 1 trade on Alpari (U.K) and it was a loss of $32.85. I am surprised as it is an odd figure. It had traded G/U short.
No further trades.
Vinesh
  • #676
  • May 12, 2009 10:13am May 12, 2009 10:13am
i am using ALPARI RUS and not a single trade yet
  • #677
  • May 12, 2009 10:52am May 12, 2009 10:52am
i dont understand watt the problem is with sl broker can only hunt just a couple of pips because lets say he moves to get your stop loss hit but it also gets pepole to gain in the same time he cant just hunt eash trader sepuratly
  • #678
  • May 12, 2009 11:04am May 12, 2009 11:04am
Quoting joes
i dont understand watt the problem is with sl broker can only hunt just a couple of pips because lets say he moves to get your stop loss hit but it also gets pepole to gain in the same time he cant just hunt eash trader sepuratly
Some brokers take positions against you. You buy, they sell and you sell, they buy. It means, if they are to win - you have to lose.

Some unethical ones resort to stop loss hunting.

Stop loss hunting programs are used randomly to hunt, there's no need for manual intervention.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #679
  • May 12, 2009 11:06am May 12, 2009 11:06am
Still running the system 24/7 on VPS on a $500usd demo and it has been sitting about break even (small wins small losses) , been too busy to update sorry. I noticed a update 1h but cant find a link. Would love to keep running it with the most recent if you could send it to me bernard. Will get back with results/ideas after 1week running new version.
Designer by day Trader by night.
  • #680
  • May 12, 2009 11:10am May 12, 2009 11:10am
Quoting mmeador
Still running the system 24/7 on VPS on a $500usd demo and it has been sitting about break even (small wins small losses) , been too busy to update sorry. I noticed a update 1h but cant find a link. Would love to keep running it with the most recent if you could send it to me bernard. Will get back with results/ideas after 1week running new version.
Can you e-mail me? I can't seem to locate your e-mail address.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
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