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An idea for a profitable EA

  • #21
  • Sep 24, 2010 11:17pm Sep 24, 2010 11:17pm
Quoting TRFoti
Hello Steve, nice to see you here.

Listen guys, first of all sorry for my English i am trying to explain it as simple as i can.

So:

The strategy doesn't need any indicator, just the price movement from where will start.

So, if the price start from 1.3000 and touch the 1.3100 WE BUY and set TP 100 Pips and SL 160 Pips. If we hit TP at 1.3200 (close the position) we BUY again (open new position) with sames targets. And the same for the downtrend.

Never open against position before the first close with profit or losses. (We can add...
First off congrats on the new little girl.

Second this will only work in trending markets. any whipsaw sideways action will destroy your profits since your stop is larger than your profits. A brake even option will either
A) keep you out of a possible positive trade as it needs room to move. So how do you over come that? maybe move to BE after say 50pips profit? Or keep hitting the buy button until price moves past resistance and hits target. OR
B) work great in a whipsaw environment and keep your money safe.

Its always a hard call. Again if its trending its a great idea. Simple naked price action is best.
  • #22
  • Sep 24, 2010 11:22pm Sep 24, 2010 11:22pm
Quoting TRFoti
Hello Guys,

Take a look to this picture how many green pips we could have in last 3 weeks in EURUSD starting from 1 Semptember without emotions

Have a nice weekend!

Foti
In this fantastic example you could have just kept buying the 00 and adding positions. IF your monthly and weekly charts were bullish. And if I'm not mistaken they are. I should have been paying better attention this month and not been working so many hours. LOL I would have trailed the stop on the 50sma and still be in massive profit from each position.

Your on to something bro. That H4 is wicked nice.
  • #23
  • Sep 25, 2010 1:52am Sep 25, 2010 1:52am
Quoting tommbstone
In this fantastic example you could have just kept buying the 00 and adding positions. IF your monthly and weekly charts were bullish. And if I'm not mistaken they are. I should have been paying better attention this month and not been working so many hours. LOL I would have trailed the stop on the 50sma and still be in massive profit from each position.

Your on to something bro. That H4 is wicked nice.
Hello Tommbstone.

Thanks for you being here and you wish.

This strategy works very good and in range market, because i choose the stop loss as 160-180 pips .

The results are not the same as the trend market but you may safe your money and without losses or small profits.

I have made a study for this year and at major pairs (not yen pairs) and there are fantastic results with a average 600-900 pips per pair (month).

As i told before i need this EA just for study the price movement for all pairs and optimize it with best performance (TP and SL) for each pair, because i like the manual trading and trade what i see

I hope see you soon guys.

Regards

Foti
Trade only what i see
  • #24
  • Sep 25, 2010 3:05am Sep 25, 2010 3:05am
Quoting TRFoti
Hello Guys,

Take a look to this picture how many green pips we could have in last 3 weeks in EURUSD starting from 1 Semptember without emotions

Have a nice weekend!

Foti

PS: I edit the image because it has a small mistake.
The results look really good.

1) Did you use EA or manual ?

2) Do you trade on close of bar or as soon as price touches and goes past round number?

3) when you say "Price Starts From Here" on the chart, why is that ? What made you to 'start' from there? Why didn't you trade up and down around that ranging period where you put "Prices Starts...." ?
  • #25
  • Sep 25, 2010 5:15am Sep 25, 2010 5:15am
Don't worry guys, we will make an EA of this yet. The difficult thing with this EA is actually just trying to determine which round number was crossed last by the price action. You can see it on a chart, but to code it is a tad more difficult than that. I have pretty good idea how I am gonna do it but it is sitting in the production line behind some other stuff that I am busy with. Give it a week or two, unless some-one beats me to it.
  • #26
  • Sep 26, 2010 7:25am Sep 26, 2010 7:25am
i have a doubt on when to reverse versus when to wait for SL

lets say we start with shorting at 1.3, price started going up and touches 1.31. do we buy now since it came from down ? or wait till 1.316 so that SL is hit. then price goes to 1.32, so now we buy ?

i scanned some charts manually, getting too many whips in ranging market
  • #27
  • Sep 26, 2010 8:56am Sep 26, 2010 8:56am
Quoting TRFoti
Hello Guys,

Take a look to this picture how many green pips we could have in last 3 weeks in EURUSD starting from 1 Semptember without emotions

Have a nice weekend!

Foti

PS: I edit the image because it has a small mistake.
Did some looking over charts, only one trade being open till SL being hit and then taking the next direction as soon as RN is hit, up or down...

For GBPUSD from 4th Jan 2010 until last Friday I worked out as +1560 pips so far...

SL was hit 27 times in that time........so 27 * 160 = -4320 pips lost.

Biggest green run was 800 pips and one of 700 pips....
  • #28
  • Sep 26, 2010 9:37am Sep 26, 2010 9:37am
Quoting roundrock
i have a doubt on when to reverse versus when to wait for SL

lets say we start with shorting at 1.3, price started going up and touches 1.31. do we buy now since it came from down ? or wait till 1.316 so that SL is hit. then price goes to 1.32, so now we buy ?

i scanned some charts manually, getting too many whips in ranging market
Take a look at the last screen-shot i post, i hit a SL after that i wait the price touch round number in this case touch 1.27 and go up and touch 1.28. From 1.28 i start buying.

If the price will go down from 1.27 to 1.26 then at 1.26 i will have short it.
Trade only what i see
  • #29
  • Sep 26, 2010 9:41am Sep 26, 2010 9:41am
Quoting cspip
Did some looking over charts, only one trade being open till SL being hit and then taking the next direction as soon as RN is hit, up or down...

For GBPUSD from 4th Jan 2010 until last Friday I worked out as +1560 pips so far...

SL was hit 27 times in that time........so 27 * 160 = -4320 pips lost.

Biggest green run was 800 pips and one of 700 pips....
Hello cspip,

I usually use for TP 85-90 pips and no 100 pips, because many times price doesn't touch the RN and hit SL.

Also, careful how you start taking positions after SL hit. I show a example before this post.
Trade only what i see
  • #30
  • Sep 26, 2010 11:31am Sep 26, 2010 11:31am
Hello!
I have manually back tested this idea for eurusd and have got some result:
+4900pip
-4482pip
Dif 418pip for 8 month
If our risk for SL160 equal 5% of our deposit
that mean we gained 418/160=2.5 times by 5% = 12.5% of deposit
Last 600 pip we gained during September.
Without this gain we were all 7 month in level or in minus.
Another stuff.
I have done another back test same pair same period without rule:
after SL we wait when price make action from one RN till another and after that put the order.
So after SL hit we are between two RN, firs touch give us same direction order.
This strategy gave me
+6000pip
-5312pip
Dif 688pip
688/160=4.3times of 5% =21.5% gain of deposit for 8 month.

I am testing similar strategy long time and had some good result combining with martingale, but very dangerous. I give up this way.

I was trying to use SL 100 and TP 100. Some period it gives me + some - and overall no income at all.

Latest my forward testing is:
I have put 3 orders in same direction TP all of them 100 but SL 50, 75 and 100 pip. In case TP we have 300pip, in case SL we have 225pip. win/loss=1.3/1.
If all 3 orders have SL hit I do not trade two RN where I place order and where hit SL. Instance: buy 1.25 Sl hit 1.24 next order buy 1.26 or sell 1.23.
With this delay we can eliminate ranging period without getting in to trade and loosing.
Continuing previous example: if we buy at 1.26 and got hit loss 1.25 next orders will be buy1.27, sell 1.23. So we again avoid another two RN, and overall we avoid 3 RN 1.24 1.25 1.26.
If we got hit TP all avoidance clearing.
Example sell 1.23 TP 1.22, place sell order 1.22.
This strategy same period same pair gave me:
+9900 pip
-7650 pip
dif 2250 pip
If we have SL 225 Equal 5% account
2250/225=10 times by 5% = 50% gain in 8 month

Generally I have a look and update my orders once a trade day at 22:00 London time.

Forward test I started 9th of September with gain 17.6% of account so far. But September was good month and I expecting some further drowndown.
This strategy very good suit my life style case checking once a day after work take no more than 5-10min. Lovely.

Any way I not satisfied with results. Lets improve it together.
Thanks.
  • #31
  • Sep 27, 2010 3:44am Sep 27, 2010 3:44am
Quoting TRFoti
Hello cspip,

I usually use for TP 85-90 pips and no 100 pips, because many times price doesn't touch the RN and hit SL.

Also, careful how you start taking positions after SL hit. I show a example before this post.

Yes I did realize about the 85-90 TP but actually there werent many times it would make difference as usually if it gets to 90 it gets to 100 almost all the time, so you could be losing 10-15 pips there.

Please explain again about how to take new position after SL is hit? Because i took the very next RN up or down after SL.
  • #32
  • Edited 10:32am Oct 5, 2010 2:07am | Edited 10:32am
Hello.
From 26 of september I have got hit twice by -225pip
and twice by +300pip
overall +150pip.
Gaining of account from the beginning 20.4%.
Thanks.
  • #33
  • Nov 7, 2010 1:57am Nov 7, 2010 1:57am
Hello!
I wanna say that test gone nut case not trending eur/usd.
I have lost all that was earned and left with beginning capital.
I am stopping live trading this strategy case very small profit or not at all.
Thanks.
  • #34
  • May 30, 2020 3:45am May 30, 2020 3:45am
Hello Kenny,

I'm new on the forum, I'd like to talk to you about your EA Round_Number. I've been working on your code and I found an interesting strategy with great potential. I'd like to tell you about it first in a private message but I don't know how to do it. The results are quite interesting.

Have a good day.
  • #35
  • Last Post: Edited Aug 9, 2021 6:27am Aug 8, 2021 3:42pm | Edited Aug 9, 2021 6:27am
Thank you so much Kenny for your interest in helping us with programming ideas that we can't.
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