Looser Trading System (Version 0.01-1/3) | Page 18 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

HYBRID: trading system within a trading system 31 replies

Payapa Trading System - Modified Ali's Version 597 replies

Six-pair "Looser" Strategy EA Discussion 74 replies

"Never turn a winner into a looser" - Myth or Reality? 32 replies

Why not let your Looser's ride ??? 12 replies

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

Looser Trading System (Version 0.01-1/3)

  • #341
  • Edited 3:51pm Aug 18, 2010 3:39pm | Edited 3:51pm
For my part, I'll be using LooserKissMe_03 to test the strategy. This should be a very close fully automated equivalent to what eTrader is doing, with the exception that the EA is not going to determine an initial long or short bias.

The strategy looks good to me, and I'll correct any problems I find in the EAs.

I assume no grail here. If there is a failure at some point, I want to make sure I understand why. Most likely it would come in the form of extended periods of SIDEWAYS action.

And if all goes great -- it probably means we'll soon lose 100:1 leverage due to UNwonderful regulatory actions (an emotional, not rational, statement...).
Open to new approaches.
  • #342
  • Aug 18, 2010 4:40pm Aug 18, 2010 4:40pm
Nice explanations frazerd, it all looks correct.

Quoting frazerd
Numbered days, Sunday through Saturday - I have no clue - they have always been in MetaCoder's EAs, but I have never changed them.
They are there as a convenience in the event we want to put in readable day-specific open/close logic.
Open to new approaches.
  • #343
  • Aug 18, 2010 5:02pm Aug 18, 2010 5:02pm
Thank you MetaCoder and frazerd. You are scholars and gentlemen !

MC... I share your enthusiasm for EA's for a variety of reasons. And no... I won't ask you to code one for me as I'm in the process of having one coded. I suppose it's the price I pay for not learning MQL myself.

At any rate, I'm happy to give this EA a test and I appreciate your sharing it.
  • #344
  • Aug 18, 2010 5:10pm Aug 18, 2010 5:10pm
You're welcome TradeRunner. Good EAs expose the goodness or badness of strategies to the light of day. At the very least, it will be fun putting Looser's Kiss-Me strategy to the test with no effort -- look ma, no hands! I love automation in general, it's fascinated me for a long time.

If regulation cranks leverage down to 10:1 or 1:1...oh well, it's all been fun. Might as well exit stage left sharing all I've learned.
Open to new approaches.
  • #345
  • Aug 18, 2010 5:43pm Aug 18, 2010 5:43pm
Quoting MetaCoder
And if all goes great -- it probably means we'll soon lose 100:1 leverage due to UNwonderful regulatory actions (an emotional, not rational, statement...).
Ain't it the damn truth !!

Hopefully you have a UK account. That might not be any better (always) but at least it's a "hedge" against US regulation for a while.

Cheers !
  • #346
  • Aug 18, 2010 7:42pm Aug 18, 2010 7:42pm
Hello Frazerd,

Thank you very much for taking the time to provide the explanation of the Kiss EA inputs.

It is so well written and explained, it's one of the best I have seen.

Best regards and many pips to you.
  • #347
  • Aug 18, 2010 8:21pm Aug 18, 2010 8:21pm
Hello MetaCoder,

Thanks again for your work on the Kiss EA.
I have tested the 02 - the EA did verything correctly.

After spending some time on this method/EA, I am coming to the conclusion that the timing is actually the most important feature.
Thanks for adding it to the EA.
This method needs volatility, hence the importance of timing.

As I like to test a few scenarios with the 03 version (with and without the timing); what input would you recommend when I do not want the timing feature to work? I have used open hr 25, close hr 25 and it bypassed the time input.

This brings me to a suggestion that maybe we should have a true or false input for the timing feature.

Thank you for sharing your work with us.

Best regards and many pips to you too!
  • #348
  • Aug 18, 2010 8:35pm Aug 18, 2010 8:35pm
Hi e Trader,

Thanks for your reply to my question.
Also, thanks for posting your results.

Cheers
  • #349
  • Aug 18, 2010 8:41pm Aug 18, 2010 8:41pm
Quoting xristos
Try these.
Hi xristos
I have tried your EA but it was not worked, could you inform why? Thank you.
  • #350
  • Aug 19, 2010 12:21am Aug 19, 2010 12:21am
Works well on Demo
  • #351
  • Aug 19, 2010 1:56am Aug 19, 2010 1:56am
Quoting PhAnTi'
eTrader i've got some problems with the ''open 6'' skript...
always i start it the Error '' placing order pair EUR/USD , due to 4109'' interrups my action....

what i have to do? -.-
Hello,
I don't use the script for opening 6 orders at once..
I do it manually

eTrader,
  • #352
  • Aug 19, 2010 2:25am Aug 19, 2010 2:25am
Quoting eTrader
Hello,
I don't use the script for opening 6 orders at once..
I do it manually

eTrader,
Hallo eTrader

Today, I have Opened, base on the WRVIM. If two line has been cross 0, let say going up, could I OP buy?

thank you
  • #353
  • Aug 19, 2010 2:41am Aug 19, 2010 2:41am
Correlated pairs
Info
Word document (doc):


eTrader,
Attached File(s)
File Type: doc Correlated pairs.doc   29 KB | 623 downloads
  • #354
  • Edited 4:29am Aug 19, 2010 4:05am | Edited 4:29am
Trading Rules RVI Indicator
The crossover between the RVI and the signal line identify a changing market.

Trading in the direction of a crossover means going with the flow of the market.

Buy signal:
The fast RVI line (Green) crosses above the slow signal line (Red).
Consider a long trade.

Sell signal:
The fast RVI line (Green) crosses below the signal line (Red).
Consider a short trade.

Remark:
The indicator does not show oversold or overbought zones.

Precise signals:
Sell when the lines are crossing at the top part of the RVI indicator frame
Buy when the lines are crossing at the bottom part of the RVI indicator frame.
Close the position according to the RVI indicator.

Example Short Trade:
Open a position at the first lines crossing in the top part of the RVI indicator frame.
Close the position at the first crossing in the bottom part.

eTrader,
  • #355
  • Aug 19, 2010 7:26am Aug 19, 2010 7:26am
Quoting TradeRunner
Thank you MetaCoder and frazerd. You are scholars and gentlemen !

MC... I share your enthusiasm for EA's for a variety of reasons. And no... I won't ask you to code one for me as I'm in the process of having one coded. I suppose it's the price I pay for not learning MQL myself.

At any rate, I'm happy to give this EA a test and I appreciate your sharing it.
To MetaCoder and frazerd,
Thanx from my side also.......... you peolple are really gr8.
Actually i stopped using EAs from last 2-3 years... but this EA is really different. Thank you very much dear friends.

I will test this on demo account, but i am doubt whether it will work on real account and also looking for results of other members...

Finally I am missing the owner of this tread... Looser bhai...
Where are you dear? Eagerly waiting for your reply.
  • #356
  • Aug 19, 2010 7:57am Aug 19, 2010 7:57am
Quoting eTrader
Correlated pairs
Info
Word document (doc):


eTrader,
eTrader

Base on your explanation of the correlation, specially for UChf should be opposite. isn't it?. for 4 days I tried this method the UChf always opposite.

Thank you.
  • #357
  • Aug 19, 2010 9:52am Aug 19, 2010 9:52am
Quoting Pluto2
Hello MetaCoder,
As I like to test a few scenarios with the 03 version (with and without the timing); what input would you recommend when I do not want the timing feature to work? I have used open hr 25, close hr 25 and it bypassed the time input.
Simplest is to use version 02 when you don't want the time feature. Version 02 is exactly the same as 03 only it doesn't support timed entries and exits.
Open to new approaches.
  • #358
  • Aug 19, 2010 9:54am Aug 19, 2010 9:54am
Quoting vikasone23
To MetaCoder and frazerd,
Thanx from my side also.......... you peolple are really gr8.
Actually i stopped using EAs from last 2-3 years... but this EA is really different. Thank you very much dear friends.
You are very welcome.

frazerd has committed a great deal of time and effort testing many of my EAs, providing detailed reports, and making suggestions.
Open to new approaches.
  • #359
  • Aug 19, 2010 12:19pm Aug 19, 2010 12:19pm
Wow this is an interesting system. thank you so much for sharing.
  • #360
  • Aug 19, 2010 12:34pm Aug 19, 2010 12:34pm
Quoting Antica
eTrader

Base on your explanation of the correlation, specially for UChf should be opposite. isn't it?. for 4 days I tried this method the UChf always opposite.

Thank you.
Here is an example on time frame H1.
From top to bottom: eurusd, gbpusd, audusd, usdchf, usdjpy, usdcad.
Vertical rectangle (first vertical line) :
-eurusd, gbpusd and audusd are moving parallel to each other (in tandem), positive correlated.
-usdchf, usdjpy and usdcad are moving in opposite direction, negative correlated.

The movement parallel or opposite of each other is only accurate most of the time.

The EUR/USD and USD/CHF had a near-perfect negative correlation
of -1.00 (februari 2010). This means that when the EUR/USD rallied, the USD/CHF sold off 100% of the time.
This relationship holds true over longer periods. The correlation figures remain relatively stable.

Sentiment and global economic factors can change on a daily basis.
Strong correlations today might not be in line with the longer-term correlation between two currency pairs.

It is very important to be aware of:
-the correlation between various currency pairs
-their shifting trends

eTrader,
Attached Image (click to enlarge)
Click to Enlarge Name: WRVIMultipairs6Example.jpg Size: 112 KB
0 traders viewing now