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Successful Automatic Trading - Like Chasing Bigfoot?

  • #41
  • Aug 26, 2010 2:40pm Aug 26, 2010 2:40pm
I prefer retracements to breakouts. They are nicer to trade because the movement is very clean. And I prefer rejections to retracements because they are nice & very large.


And it's very funny to see so many people ask to code a technical-analysis based EA when MetaCoder made it very clear in his first post that he wasn't interested I guess there aren't enough coders out there. I also don't understand why is this thread in the "Platform Tech".
  • #42
  • Aug 26, 2010 2:46pm Aug 26, 2010 2:46pm
"Trading Discussion" seemed appropriate to me, so that's where I originally started the thread.

Anyway, a breakout on one currency pair doesn't mean much to me. But a breakout on multiple pairs that confirms strength/weakness in one currency, ah, now we have something.
Open to new approaches.
  • #43
  • Sep 7, 2010 10:35am Sep 7, 2010 10:35am
Those of you who weighed in as doubters might want to follow the Basket14 thread.
Open to new approaches.
  • #44
  • Sep 16, 2010 12:08am Sep 16, 2010 12:08am
so far no luck. I use an ea from FF that takes me up and down like a yo yo. still no luck with them. Only a basic ma cross on daily charts ea has worked well so far.
  • #45
  • Oct 20, 2010 5:30am Oct 20, 2010 5:30am
Quoting tommbstone
so far no luck. I use an ea from FF that takes me up and down like a yo yo. still no luck with them. Only a basic ma cross on daily charts ea has worked well so far.
The best FF EAs are incomplete. If you don't already know how to code it won't help you, I'd say. Nobody is going to give freely something he worked hard for.
  • #46
  • Edited 3:45am Oct 24, 2010 3:29am | Edited 3:45am
it can be done with even the simplest, but working edge .. enjoy:

no indicators, no s/r, no curve fitting. daily chart, 2008 till today. Since there are more consecutive wins than losses, average winner is bigger than average loser AND at the same time win rate is nearly 60%, simple MM can be used: position size = 5% of equity, double after first winner, cut half after a losing trade.

This results in >800% ROI over the last 3 yrs; in fact, since 2001 there's wasn't a losing year.

For the curious ones:
http://www.forexfactory.com/showpost...stcount=305143
http://www.forexfactory.com/showpost...&postcount=271
http://www.forexfactory.com/showpost...&postcount=265

what about some improvements, heh

Edit: forgot to mention - fixed 100pip stoploss, dd=11.3%
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:-anything
  • #47
  • Oct 24, 2010 7:11am Oct 24, 2010 7:11am
Quoting tritom
it can be done with even the simplest, but working edge .. enjoy:

no indicators, no s/r, no curve fitting. daily chart, 2008 till today. Since there are more consecutive wins than losses, average winner is bigger than average loser AND at the same time win rate is nearly 60%, simple MM can be used: position size = 5% of equity, double after first winner, cut half after a losing trade.

This results in >800% ROI over the last 3 yrs; in fact, since 2001 there's wasn't a losing year.

For the curious ones:
http://www.forexfactory.com/showpost...stcount=305143
http://www.forexfactory.com/showpost...&postcount=271
http://www.forexfactory.com/showpost...&postcount=265

what...
In your chart there are too few trades, i.e. overfitting
[MOD] Sorry, did not look at your links
  • #48
  • Oct 26, 2010 8:11am Oct 26, 2010 8:11am
Quoting MetaCoder
"Trading Discussion" seemed appropriate to me, so that's where I originally started the thread.

Anyway, a breakout on one currency pair doesn't mean much to me. But a breakout on multiple pairs that confirms strength/weakness in one currency, ah, now we have something.
Using the dynamic approach you describe here using multiple pair working to strength/weakness basket approach, is it possible to employ a similar auto-adjusting set file similar to the RR 'Old Dog with new Tricks", or on that format?

Could you apply your challenge to the long term format described by Tritom (posted later in this thread) as an example?

Once an "edge" is designed into EA form, one could then possibly consider incorporating a system like the Snowball EA mathematically designed by 7Bit to manage the basket trades on a very profitable basis?

These ideas may coincide and follow your preferred outlined challenges as described?

I for one, appreciate your direction.....!
Thank you.
Atlas1
  • #49
  • Last Post: Edited Oct 28, 2010 2:25am Oct 27, 2010 11:50pm | Edited Oct 28, 2010 2:25am
I am reading this thread from begining.. Its very interesting and very informative.
Well I dont know whether it is right place to share my strategy here but from last many days i am thinking about this one. Hope u people will help me to make it sharper.

Multiple Hegding Strategy

Divide base lot size by 3.
ie..If trading lot is 0.1 it should be divide by 3 ie 0.03 Lot. Use 0.03 lot for following trades.

1. Buy Eur/Usd & Usd/Jpy.
2. Book profit (say $3), if pair moves in our favour.
3. But if drawdown level increase (say $10), open second 'Buy' basket of same pairs
4. Now close any basket whichever hit TP target (say $3)
5. If drawdown level further increase (say $20), open third 'Buy' basket of same pairs.
6. Now again close any of these 3 basket whichever hit TP target (say $3)

In this way we can add more baskets but i think 3 are sufficient. Keep on booking profits and no need to wait to recover from drawdown

I think this can be traded well with EA.
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