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Jiva Dragon

  • #221
  • Aug 26, 2010 5:57am Aug 26, 2010 5:57am
watching a set up on the eu 15m
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  • #222
  • Aug 26, 2010 7:28am Aug 26, 2010 7:28am
Us unemployment report 3 mins..
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  • #223
  • Aug 26, 2010 7:36am Aug 26, 2010 7:36am
have to say this dragon is showing potential.
  • #224
  • Edited 8:09am Aug 26, 2010 7:48am | Edited 8:09am
ea opened 2 shorts.
let's see... live micro FXDD

a new sell stop has been placed just below the entry short based a on a fresh signal....

If the trade is bad it is 30 pip stop loss x 2 positions...

The strategy behind the ea is to try to catch big moves out of consolidated areas 200, 300 pips or more. To be willing to accept a few small losses while trying.
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  • #225
  • Aug 26, 2010 7:49am Aug 26, 2010 7:49am
jiva, thanks for the updates dude.
  • #226
  • Aug 26, 2010 8:01am Aug 26, 2010 8:01am
Quoting qwertymyfx
jiva, thanks for the updates dude.
  • #227
  • Aug 26, 2010 8:04am Aug 26, 2010 8:04am
Quoting jiva34
Thank you Skyzer...
You are very welcome

Since you trying to define which time is the best for trading

check out that Indicator "daily_open_line". Place it on H1

and on the Chart properties enable "Show Period Separations"..

with some additional indy this should be very useful.

Cause many times trend following open price action for the rest of

the day
Attached File(s)
File Type: mq4 daily_open_line.mq4   2 KB | 248 downloads
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #228
  • Aug 26, 2010 8:25am Aug 26, 2010 8:25am
bad trade... consolidation gives lots of bad signals that is why we want as small as possible stop loss until we catch the big one...
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  • #229
  • Aug 26, 2010 8:27am Aug 26, 2010 8:27am
Quoting SkyzerFX
You are very welcome

Since you trying to define which time is the best for trading

check out that Indicator "daily_open_line". Place it on H1

and on the Chart properties enable "Show Period Separations"..

with some additional indy this should be very useful.

Cause many times trend following open price action for the rest of

the day
Interesting indicator. Thank you.
  • #230
  • Aug 26, 2010 8:36am Aug 26, 2010 8:36am
consolidation the benefit of placing limit orders in consolidation needs looking into...
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  • #231
  • Aug 26, 2010 9:09am Aug 26, 2010 9:09am
after getting stopped out from the short
the ea has taken long position
1st profit is reached and stop for 2nd position is at break even,.
Profit for 2nd position is 1000.
there are a number of ways the 2nd position can lock on gains.
the most profitable relies on exiting after a big run by a candle closing below the low of the channel lo. That is how we try to catch 100's of pips... Whether this is that kind of trade or not will remain to be seen.
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  • #232
  • Aug 26, 2010 9:44am Aug 26, 2010 9:44am
the stop for the 2nd position does not start to trail until the 2nd position goes at least 140 pips
so very often the 2nd position falls back to stop out a breakeven
we are trying to catch the very big moves so we are willing to get stopped out for small losses and also to let the 2nd position stop out at break even after a small profit has been realized by the first position.
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  • #233
  • Aug 26, 2010 9:49am Aug 26, 2010 9:49am
Quoting jiva34
Anything on the Cable? I loaded it and set it to trade from Frankfurt to London close, no positions taken. ECN broker.
  • #234
  • Aug 26, 2010 10:03am Aug 26, 2010 10:03am
Quoting jiva34
bad trade... consolidation gives lots of bad signals that is why we want as small as possible stop loss until we catch the big one...
Today v8, 4H preset is opened two buys at 1.2741 and 1.2748 all closed in profit.
To me 4H is the best.
Thanks Jiva.
  • #235
  • Aug 26, 2010 10:04am Aug 26, 2010 10:04am
Quoting goldsurfer
Anything on the Cable? I loaded it and set it to trade from Frankfurt to London close, no positions taken. ECN broker.
....
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  • #236
  • Aug 26, 2010 10:07am Aug 26, 2010 10:07am
Quoting guernica
Today v8, 4H preset is opened two buys at 1.2741 and 1.2748 all closed in profit.
To me 4H is the best.
Thanks Jiva.
Yes I like the 4hr also. But if you take a hit it is going to be a very big one compared to the gains. I am not comfortable with such a big stop loss. The history is very good so it may be that bad trades are few and far between.
Also we found that the 4hour candles form differently according to the different broker time zones. Those setting I posted early on were optimized for FXDD +3 gmt.
Good luck.
  • #237
  • Aug 26, 2010 10:08am Aug 26, 2010 10:08am
Ok thanks, just checking
  • #238
  • Aug 26, 2010 10:10am Aug 26, 2010 10:10am
so far today
stopped out
and small gain on position
we are trying to catch the big one.

ea is set to trade for 3 hours starting at 1 hour before US open. So that's it for today.
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  • #239
  • Aug 26, 2010 10:46am Aug 26, 2010 10:46am
Quoting jiva34
Ironing out the bugs...

Dear Taiyakixz,
Another pending related modification is going to be needed.
The pending order seem to delete themselves when the trading day changes.
They should remain open.
The chart below shows the problem. candle expiration was set for 60 in order to catch entry into the breakout but the pending order deleted itself with the trading day.
60 candles with 30M chart = 30 hours
With your chart, trade went to weekend, so trade was expired.
What do you think about weekend?
  • #240
  • Aug 26, 2010 11:36am Aug 26, 2010 11:36am
Quoting Taiyakixz
60 candles with 30M chart = 30 hours
With your chart, trade went to weekend, so trade was expired.
What do you think about weekend?
Oh I see. ea counted actual time not just trading time.
Not sure.. in all instances if allowing carrying over weekend is helpful or not. In some of the trades I notice some very good entries are missed because pending closed due to the end of the week.
We don't want to bog down the ea, it is running so fast and smooth.
But if there were an option to be able to choose carrying pending over weekend or not we would see better how it is.
We are missing sometimes very good entries.
In one sense I think it would be worth it to try to catch the entry even it meant losing a few weekend trades trying to do it. That is the benefit of a small stop loss. With this strategy if we miss an entry it could be a very long time before the pa crosses the channel again.
With the option in the pop up we could turn it off if we see that is it is significantly counter productive. It is difficult to say absolutely one way or the other without running several tests. But to miss a big move is very bad since we are investing in trying to catch it.

Don't settle in and get too comfortable I have seen something else we may want to do that would help refine the entries and could make a very significant difference in the results. But not too much at once.

Let's get the pending opening and closing finely tuned first.
We are making very good progress.
If we stopped here we already have a winner. But we want a champion...
We thank you so very much...
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