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  • #4,861
  • Dec 5, 2010 9:09am Dec 5, 2010 9:09am
@ zen

As hiiq said, there are no way to use EA with Oanda if you don't pay 600 bucks/month.

2 solutions :

1- Trying on MB Trading, I saw they spread are 1 pip average on EU.
MBT Support told me we can put 1pip stop loss at minimum but I don't know if MT4 put the limit at 5 pip after all.

2- Dukascopy with Java but I still have no infos about real spread (commissions + spread) and possibility to put 2 pip stop loses.

Anyway, great work !


@Rac
Can you give me more details about (Quote)"tested the newest strategy with a tick chart simulator (TOS-On demand)"
Can you share a link or explain, I'm very interested... if only I could verified your results, you made a visual backtest I presume

Have you more specific infos ? Like if losing trades/BE trades are most of the time in a row or not.
Thx very much for those infos ! Very helpful
  • #4,862
  • Dec 5, 2010 9:12am Dec 5, 2010 9:12am
Quoting hiiqtrading
@ zen

thanks for the ea, but as most here seem to trade with oanda and mt4 hasnīt 5 sec charts maybe you can also programm a java script for dukascopy platform, as this is imho the only alternative to oanda.
Hi,

I'm afraid I'm unfamiliar with dukascopy platform. The EA I posted for MT4 platform is the best I can do to contribute here. perhaps others can chip in to help on those other platforms.

By the way, I don't think 5 seconds chart is an issue anymore after Tony has revised the rules. Its all about price action so you can do just as well using a 1 hr chart. if you have problems catching the move, that's where the EA comes in.

regards,
Zen
Programming for a better future.
  • #4,863
  • Dec 5, 2010 9:30am Dec 5, 2010 9:30am
My ea is on the Navigator API and I am sending Stop-Limit TTO order. This has the 2 pip stop and target place at their end once the position is opened.
I do have a version working on MT4 but it is hardly reliable. I will be fixing that in due course as somebody pm me recently about it. Just need some more free time
  • #4,864
  • Dec 5, 2010 10:53am Dec 5, 2010 10:53am
Quoting Zen_Leow
Hi all,

As a certain renko system turned down my help recently, I have time to hunt for new systems to help code EAs for and this one caught my eye due to its simplicity and the positive dynamics of it's participants.

Anyway, I made an EA for this method just now but since trading is now closed, I've not had a chance to fully test it. I thought more can help out with the testing process so I'm sharing it here since there seems to be interests.

Inputs Explanation

EA_MAGIC_NUM = 3947947

Every trade opened by this EA...

Nice job Zen. I'm pretty sure that this EA will be very useful to all of us that either can't make it for an open or want programmed consistency. Once it's stabilized, I guess it can do the same thing that I do every morning and night. Pip-restore is restoring a portion of the losses, slowing down the depreciation of the account while we wait for an Epic Win but I only have it running in beta only.. that's why I don't post any details about it.I will post the updates when something solid comes up. For the moments, the system still brings a high yearly gain percentage, no matter how simple it is, as long as you have those TPs way up in the sky... disco-ball time for this week?
Invest in alarm clocks
  • #4,865
  • Dec 5, 2010 12:07pm Dec 5, 2010 12:07pm
Quoting hiiqtrading
@ rac

thanks for the work, do you also have numbers for 140 TP ?

@ zen

thanks for the ea, but as most here seem to trade with oanda and mt4 hasnīt 5 sec charts maybe you can also programm a java script for dukascopy platform, as this is imho the only alternative to oanda.



letīs polish our disco balls and let them sparkle tomorrow !

If you are looking for 140-pip epic wins data, what I recommend is open those days where it ran for 100 pips and see how far they went, you can do that with even the 1hr TF, that would save you some time. I don't use 140 for my referance.
  • #4,866
  • Edited Dec 6, 2010 9:38am Dec 5, 2010 1:18pm | Edited Dec 6, 2010 9:38am
Quoting Walcott
@ zen

As hiiq said, there are no way to use EA with Oanda if you don't pay 600 bucks/month.

2 solutions :

1- Trying on MB Trading, I saw they spread are 1 pip average on EU.
MBT Support told me we can put 1pip stop loss at minimum but I don't know if MT4 put the limit at 5 pip after all.

2- Dukascopy with Java but I still have no infos about real spread (commissions + spread) and possibility to put 2 pip stop loses.

Anyway, great work !


@Rac
Can you give me more details about (Quote)"tested the newest strategy with a tick...
ThinkorSwim has a feature that allows you to replay the market from any time and trade it as if it were in real time, its called OnDemand.

http://mediaserver.thinkorswim.com/d...nkOnDemand.swf

The BE information I posted is estimated and aleatory. A simple analysis to evaluate this strategy could lead to using a very conservative 1 epic win average per month, I found 17 100-pip winners this year so far, but you are not going to get October and November results very often with 3 wins each, there will be months like March and September with no wins, and Murphy will make sure that the opening you don't trade will be a winner! Then estimate that 66% of the trades will end up as loser trades taking approx 0.75% of your account when trading with 99% risk.

A 100 pip-winner would give you a gain of approx. 38%, but when you subtract the projected losers for a month, then the approx monthly gain can be estimated at 20% if you can trade it consistently over a period of 4-6 months but nobody can give you any guarantees. Unfortunately we are all exposed to get long periods with no wins (ie from Aug 4 2010 to Oct 1 2010) that will affect your thinking.


Hints:

 

  1. Periods of low volatility don't perform very as well
  2. Avoid trading during Holidays
  3. Fundamental analysis is applicable and it can help you determine if you want to take profit earlier or hit a home-run.
  4. Technical analysis on the daily TF: Determining Trend, fibos, R&S, VSA, overbought/oversold conditions can help as well
  5. Consider trailing your stops to recover some capital, but remember that this could also play against you and take you out when the market is testing its opening price.
  6. Before trading risking real money, test the strategy for 2 months with 1% opening position, for a total risk of 0.01% of your account, If this strategy is not for you don't trade it.
  7. When using Oanda, Go to User preferences, trading and enter 1.1 pips stop loss in the Default settings (0.9 Spread + 1.1 SL = 2 pips). Manually move the SL when it goes over 2.5 pips in your direction.
  8. Keep track of your results in a spread sheet, post them monthly and use them to analyze your own data.

Good Luck

  • #4,867
  • Dec 5, 2010 1:53pm Dec 5, 2010 1:53pm
Quoting Zen_Leow
Hi all,

As a certain renko system turned down my help recently, I have time to hunt for new systems to help code EAs for and this one caught my eye due to its simplicity and the positive dynamics of it's participants.

Anyway, I made an EA for this method just now but since trading is now closed, I've not had a chance to fully test it. I thought more can help out with the testing process so I'm sharing it here since there seems to be interests.

Inputs Explanation

EA_MAGIC_NUM = 3947947

Every trade opened by this EA...

Zen, Thank you. I not very familiar with EAs so I was not able to understand how it moves the SL from -2 to BE right away, that is a huge part of this system.
  • #4,868
  • Dec 5, 2010 2:32pm Dec 5, 2010 2:32pm
Quoting rac
If you are looking for 140-pip epic wins data, what I recommend is open those days where it ran for 100 pips and see how far they went, you can do that with even the 1hr TF, that would save you some time. I don't use 140 for my referance.
Good idea.

via eyeball approximation- this is a bit tricky because for the earlier ones at least I am looking at 8 hour bars on chartstation. So yo disclaimo.

Jan 19, London 140+
Jan 21, NY 140+
Feb 16, NY 140+
April 6, London 140+
April 20, NY 140+
May 28, NY 140+
June 1, London 140+
June 17, London 140+
July 15, NY 140+
July 16, London <140
August 4, NY <140
Oct 1, London <140
Oct 3, London 140+
Oct 26, NY 140+
Nov 8, London 140+
Nov 22, NY 140+
Nov 29, London 140+
  • #4,869
  • Dec 5, 2010 3:42pm Dec 5, 2010 3:42pm
jmag, that's pretty spot on, got same results but also just went over it quickly on 1h graphs

Quoting jmag
Good idea.

via eyeball approximation- this is a bit tricky because for the earlier ones at least I am looking at 8 hour bars on chartstation. So yo disclaimo.

Jan 19, London 140+
Jan 21, NY 140+
Feb 16, NY 140+
April 6, London 140+
April 20, NY 140+
May 28, NY 140+
June 1, London 140+
June 17, London 140+
July 15, NY 140+
July 16, London <140
August 4, NY <140
Oct 1, London <140
Oct 3, London 140+
Oct 26, NY 140+
Nov 8, London 140+
Nov 22, NY 140+
Nov 29, London 140+
  • #4,870
  • Dec 5, 2010 3:51pm Dec 5, 2010 3:51pm
the disco-ball's never been brighter
this week I'll beat my record for the maximum units traded in a single trade, I do not want to mention how many because I've been getting hater reactions, negativity, in my entourage even from old time high school friends and neighbors. As a matter of fact, I also learned to lower the price and year of my car, lie and bring myself down in front of friends to stop jealousy and disbelief. Got arrested 2 times in the last 2 weeks with my temporary plate... and my new sound system, been getting tons of hate from police who told me that listening to music at this level is ILLEGAL. The only thing I will tell you is that the units in the trades have lots of zeros. It a real record for me. I'm not bragging, I'm just being real, everything I list here is the pure truth, even my fails
Attached Image
Invest in alarm clocks
  • #4,871
  • Dec 5, 2010 6:43pm Dec 5, 2010 6:43pm
Sorry Zac I somehow missed the page with your EA. Good work!
  • #4,872
  • Dec 5, 2010 7:10pm Dec 5, 2010 7:10pm
That new disco ball looks a lot more expensive.
  • #4,873
  • Dec 5, 2010 9:22pm Dec 5, 2010 9:22pm
Quoting jmag
Good idea.

via eyeball approximation- this is a bit tricky because for the earlier ones at least I am looking at 8 hour bars on chartstation. So yo disclaimo.

Jan 19, London 140+
Jan 21, NY 140+
Feb 16, NY 140+
April 6, London 140+
April 20, NY 140+
May 28, NY 140+
June 1, London 140+
June 17, London 140+
July 15, NY 140+
July 16, London <140
August 4, NY <140
Oct 1, London <140
Oct 3, London 140+
Oct 26, NY 140+
Nov 8, London 140+
Nov 22, NY 140+
Nov 29, London 140+


Well done, a 140-pip winner gives you an approx. gain of almost 53% with today's quotes. Having 14 140-pip winners for the year at an average of 50% gain would have been more profitable than 17 100-pip winners for 2010.
  • #4,874
  • Dec 5, 2010 9:26pm Dec 5, 2010 9:26pm
Quoting rac
Well done, a 140-pip winner gives you an approx. gain of almost 53% with today's quotes. Having 14 140-pip winners for the year at an average of 50% gain would have been more profitable than 17 100-pip winners for 2010.
the bigga tha betta (to be verfied) I now set 300 pip TPs sometimes and I'm pretty sure it's going to become standard
Invest in alarm clocks
  • #4,875
  • Dec 6, 2010 2:04am Dec 6, 2010 2:04am
fail
Attached Image (click to enlarge)
Click to Enlarge Name: 168.gif Size: 32 KB
Invest in alarm clocks
  • #4,876
  • Dec 6, 2010 2:09am Dec 6, 2010 2:09am
see you at the NY
Invest in alarm clocks
  • #4,877
  • Dec 6, 2010 2:15am Dec 6, 2010 2:15am
-2 for me
  • #4,878
  • Dec 6, 2010 3:44am Dec 6, 2010 3:44am
Quoting rac
Hints:
[list=1][*]Periods of low volatility don't perform very as well[*]Avoid trading during Holidays[*]Fundamental analysis is applicable and it can help you determine if you want to take profit earlier or hit a home-run.[*]Technical analysis on the daily TF: Determining Trend, fibos, R&S, VSA, overbought/oversold conditions can help as well[*]Consider trailing your stops to recover some capital, but remember that this could also play against you and take you out when the market is testing its opening price.[*]Before trading risking...
Hi rac,

About risking 1% capital on each trade, I think it's a bit too much consider we can have long period with no win (ie from Aug 4 2010 to Oct 1 2010 = 41 trading day without big winner). It's more about <0,5% if you don't when to have a deep Drawdown.

About the stop loss, I saw it's 2 pips + spread but maybe I'm wrong..

I agree about the other points you highlighted, thx very much for your contribution.
  • #4,879
  • Dec 6, 2010 6:00am Dec 6, 2010 6:00am
Thumbs up for this quality thread!

So all i gotta do within this very short timeframe is:

1. Note the direction of new candle forming from 08:00:01 to 08:00:05
2. Place a market order immediately according to the direction with a 2 pip (includes 0.9pip spread) S/L.
3. Shift to 0 S/L at +2 pips.
4. Wait to hit 140 T/P or 0 S/L.

Thanks,
Dan Iel
There is no good news or bad news. Only news.
  • #4,880
  • Dec 6, 2010 8:02am Dec 6, 2010 8:02am
Yes I think the 2 pip stop needs to include spread, because if you do 2 pips plus spread, your stop will be at least 3 pips, and when you get stopped out, it will be taking at least 4 pips, so you would definitely have to lower the risk.
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