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Attachments: Looser Trading System (Version 0.01-1/3)
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Looser Trading System (Version 0.01-1/3)

  • #301
  • Aug 17, 2010 5:26am Aug 17, 2010 5:26am
Quoting eTrader
Short Trade at London Open

Entry just before the London Open
Sell 6 pairs, Stoploss: 30 pips
Buy Stop 6 pairs, Stoploss: 30 pips

Exit 1 hour later.

Figure 1: Transactions17082010London
Figure 2: Details17082010London

Figure 3: Result1708010
Result for Aug 11,12,13, (16 No trading),17

Deposit: +10000.00 EUR
Result:...+12128.69 EUR
Profit:......+2128.69 EUR
Profit(%): +21.29%

[b][color=#2e8b57]See...
How did you decide, you shud sell today..
  • #302
  • Aug 17, 2010 7:33am Aug 17, 2010 7:33am
Quote
Originally Posted by eTrader
Short Trade at London Open

Entry just before the London Open
Sell 6 pairs, Stoploss: 30 pips
Buy Stop 6 pairs, Stoploss: 30 pips

Exit 1 hour later.

Figure 1: Transactions17082010London
Figure 2: Details17082010London

Figure 3: Result1708010
Result for Aug 11,12,13, (16 No trading),17

Deposit: +10000.00 EUR
Result:...+12128.69 EUR
Profit:......+2128.69 EUR
Profit(%): +21.29%

I thought ''Looser'' said that you have to hold orders for about 12 hours and del them then?

---> Why i get Error due 4049 with MT4 while trying to buy all 6 orders and close all 6 orders with the scripts from the thread???
Hero calls followed by margin calls...
  • #303
  • Aug 17, 2010 8:51am Aug 17, 2010 8:51am
Hi,

For looser system we need a script where we define that when our equity reach at certain point it close all position.

every time we are not on monitor so we don't know when we reach high, if we open a trade in night it's reach to 50% profit in midnight when we sleep & when we wake up it's reach 50% loss so script sure us to get profit.

what you all think about it.

Thanks
  • #304
  • Aug 17, 2010 9:09am Aug 17, 2010 9:09am
Quoting forex mega
Hi,

For looser system we need a script where we define that when our equity reach at certain point it close all position.

every time we are not on monitor so we don't know when we reach high, if we open a trade in night it's reach to 50% profit in midnight when we sleep & when we wake up it's reach 50% loss so script sure us to get profit.

what you all think about it.

Thanks
well i thought ''looser'' even backtestet it upon running it 12 h from 1 hour before London opens....backtest were all profitable ....there is no need to build such a script i think?
Hero calls followed by margin calls...
  • #305
  • Edited 9:42am Aug 17, 2010 9:30am | Edited 9:42am
MPTM

http://www.forexfactory.com/showthread.php?t=89371

No, I think Looser is eager to get us to submit results so that he/we can see which variation is profitable. This is not a backtested system(s). It is why he is not submitting regular results of his own or the results of backtests (don't think he's a coder, or there are complications with multi-currency backtests in MT4).

We are the jointly the guinea pigs/joint testers of an untested system(s). I think he's been fairly clear on that (nothing explicitly deceptive there, as he's said this is a joint effort).

Quoting forex mega
Hi,

For looser system we need a script where we define that when our equity reach at certain point it close all position.

every time we are not on monitor so we don't know when we reach high, if we open a trade in night it's reach to 50% profit in midnight when we sleep & when we wake up it's reach 50% loss so script sure us to get profit.

what you all think about it.

Thanks
  • #306
  • Aug 17, 2010 10:10am Aug 17, 2010 10:10am
Quoting forex mega
Hi,

For looser system we need a script where we define that when our equity reach at certain point it close all position.

every time we are not on monitor so we don't know when we reach high, if we open a trade in night it's reach to 50% profit in midnight when we sleep & when we wake up it's reach 50% loss so script sure us to get profit.

what you all think about it.

Thanks
but they do work
Attached File(s)
File Type: mq4 CloseAtEquityAmount v1.0.mq4   3 KB | 367 downloads
File Type: ex4 CloseTrades_After_Account_Profit_Reached.ex4   2 KB | 330 downloads
  • #307
  • Aug 17, 2010 10:16am Aug 17, 2010 10:16am
ForexMega,

See post #71.
Attached is an EA you attach to one chart.
It will manage your basket the way you want it.
It you wish, it will also trail the basket profit.
It works well for me.

Cheers
  • #308
  • Aug 17, 2010 10:26am Aug 17, 2010 10:26am
ES Trader,

I see that sometime you enter the sell first and sometime you enter the buy first.
What are your rules for the decision making between buy or sell first?

Thanks.
  • #309
  • Aug 17, 2010 10:34am Aug 17, 2010 10:34am
there is hardly a way to even jointly test it, if according to only our experiences and knowledge so far seen on this thread.

this HAS TO be a semi-auto system.
a trader needs to decide:
1. start from sell or buy?
2. when to pull the trigger (should be AFTER you see some momentum)
3. and when to exit

that is that, and we should just go home with the scripts and EA available for this method and demoing for 2 months before coming back here to post results, but i'm serious....

Quoting bit9ret
We are the jointly the guinea pigs/joint testers of an untested system(s). I think he's been fairly clear on that (nothing explicitly deceptive there, as he's said this is a joint effort).
  • #310
  • Aug 17, 2010 10:59am Aug 17, 2010 10:59am
Forget the E.A., just make a script that opens immediately with a control long that sets the sell stops and if you change control short it opens the buy stops and closes everything out after the control, ( Length of trade ) = 1 Hr in this case.

You would need only 4 control inputs: 1) Long Bias.
2) Short Bias.
3) Length of trade.
4) option for hard stop or trail stop.

Jim


Quoting RED-Dragon
but they do work
  • #311
  • Aug 17, 2010 11:01am Aug 17, 2010 11:01am
I would like to see the results if you did the same thing the opposite with a long trade.

JIM

Quoting eTrader
Short Trade at London Open

Entry just before the London Open
Sell 6 pairs, Stoploss: 30 pips
Buy Stop 6 pairs, Stoploss: 30 pips

Exit 1 hour later.

Figure 1: Transactions17082010London
Figure 2: Details17082010London

Figure 3: Result1708010
Result for Aug 11,12,13, (16 No trading),17

Deposit: +10000.00 EUR
Result:...+12128.69 EUR
Profit:......+2128.69 EUR
Profit(%): +21.29%

[b][color=#2e8b57]See also post...
  • #312
  • Aug 17, 2010 11:17am Aug 17, 2010 11:17am
Result Date 17/08/2010
London + NY
Closed P/L: +24.62 EUR

Deposit: +10000.00 EUR
Balance: +11891.63 EUR
Profit:..... +1891.63 EUR
Profit(%)......+18.91%

Figure 1: Transactions17082010LondonNY
Figure 2: Result17082010-02
Result for Aug 11,12,13, (16 No trading),17,
See also postings #83, #92, #140, #219, #236, #264, #300, #312

eTrader,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Transactions17082010LondonNY.jpg Size: 167 KB
Click to Enlarge Name: Result17082010-02.jpg Size: 91 KB
  • #313
  • Aug 17, 2010 11:38am Aug 17, 2010 11:38am
Quoting reachjj
How did you decide, you shud sell today..
The weighted RVI Multi pairs(6) indicator gave a sell signal just before London Open.
  • #314
  • Aug 17, 2010 1:47pm Aug 17, 2010 1:47pm
E Trader,

There are few indicators posted in this thread.
Can you post the one you are using?
Also, can you explain how you read the indicator?
Is it the cross of lines, or cross of the level line you are looking for?

I do believe that the first entry in correct direction
is the key.

Thanks
  • #315
  • Aug 17, 2010 2:45pm Aug 17, 2010 2:45pm
Today + 36 pips. Let's see tomorrow...
  • #316
  • Edited Aug 18, 2010 1:48pm Aug 17, 2010 3:00pm | Edited Aug 18, 2010 1:48pm
Looser Trading System
Version: 0.01-1/3
Style: kiss-me (keep it simple smart-money expert)

The description is good but it would be great if Looser could add that the entry stops will reverse the original positions. I know he does explain it in a later post.

Anyway, I've automated the "kiss-me" strategy as I understand it.

It's up to the trader whether (s)he wants to take any manual actions, but the script will run perpetually.

These are the pairs traded:

EURUSD
GBPUSD
AUDUSD
USDCHF
USDJPY
USDCAD

Initially open the six pairs all long or all short, as determined by the trader settings BiasIsShort and BiasIsLong. Note that one of these settings should be true and the other false. If they are both true or both false, no trades will be opened. A possible future version of the strategy would use (an) indicator(s) to automatically determine whether to initially open all pairs long or short.

When losing pairs reach or exceed the exchange rates indicated by InvisibleStopPips, close and reverse the trades if the trades are not reversals. In other words, only reverse the trades once. If a reversal stops out, do not open another reversal trade.

Close all when current equity exceeds 1% of last flat equity.

Biggest winners and losers are tracked but do not affect trading actions.

Version 01 looks for 1.0% equity profit. This is a setting you can change.

Version 02 has an equity trailing stop. It's a bit complicated to explain how it works, I'll save that for later. It is controlled by settings you can change.

Version 03 opens and closes on defined hours. Defaults: OpenHour = 9, CloseHour = 18.
Attached File(s)
File Type: mq4 LooserKissMe_01.mq4   29 KB | 424 downloads
File Type: mq4 LooserKissMe_02.mq4   30 KB | 390 downloads
File Type: mq4 LooserKissMe_03.mq4   31 KB | 498 downloads
Open to new approaches.
  • #317
  • Aug 17, 2010 3:50pm Aug 17, 2010 3:50pm
Quoting Caillou
Today + 36 pips. Let's see tomorrow...
Hi Caillou;
You, always buys or sells? or see any indicator for the direction of your entrys ?

Saludos.
  • #318
  • Aug 17, 2010 4:41pm Aug 17, 2010 4:41pm
MetaCoder,

Thanks for the EA, will test it.
Can you add a trail option to the equity TP?
I am using an EA with the equity TP trail - it works well
with this method.

Cheers
  • #319
  • Edited 5:42pm Aug 17, 2010 4:44pm | Edited 5:42pm
Pluto2,

I've implemented equity trailing stops so I'll put that on the wish list for a future version. It is a favorite feature of automatic traders.

Please note I have uploaded a corrected version in my previous post that contains a fix for figuring correct point value regardless of decimal places in the exchange rate. Redownload if necessary.

I did upload a version 02 with an equity trailing stop.
Open to new approaches.
  • #320
  • Aug 17, 2010 5:46pm Aug 17, 2010 5:46pm
MetaCoder,

Thanks sooooo much....
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