let's go where the price goes | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Let It Be Known, Resistance Against Price Normalization 5 replies

BELLA SYSTEM. Let's try it, let's improve it! 118 replies

Let's discuss the price action when big players enter or exit the markets! 0 replies

"let's go where the price goes" simple ea request - please 0 replies

Can anybody have ideas why price goes down very quickly in that two days! 13 replies

Attachments: let's go where the price goes
Exit Attachments

let's go where the price goes

  • #101
  • Dec 31, 2010 4:44am Dec 31, 2010 4:44am
Hey Magicpips,

I hope you are able to answer my question: When you place pending orders, is this selling or buying pending orders?


thanx in advance

Slimane
  • #102
  • Dec 31, 2010 8:01am Dec 31, 2010 8:01am
Quoting magicpips
Hi everyone

I wanted to share this system on this thread because it's very similar what I've been using for about 3 years and another secret that many big playes using this system so ,please don't ask any questions as I will disappear after this post , won't be able to answer your questions, think this as a present from father christmas.
Okay te system is a bit complicated but no loss for this system but you need a good capital.
here we go.
Enter the trade however you feeling on that day, sell or buy , for instance you decided to buy, 1.300 with...

hi.

sorry, i canīt understand very well your system, but it seems to be a martingale system.

if this is the case, itīs just the opositte that iīm trying to share.

thank you.
  • #103
  • Dec 31, 2010 8:13am Dec 31, 2010 8:13am
Quoting cozbek88
I totally agree.... But it against the idea behind my idea.. so it changes everything in my code(bad I know)...

I really made some serious changes behind the idea and the ea I am testing it right now... It made 50 pips just in 15 pips movements.. and lost 14 pips...
I am waiting for a 50 pips movement to make 500 pips... How? If I prove my self than you....

Cheers!
woohh!!!!!!!

come on cozbek you can do it.
  • #104
  • Dec 31, 2010 9:31am Dec 31, 2010 9:31am
i added exit strategy to this. its based on profit percentage. if you dont want any exit, make Profit Percentage as large number like 100

also moving the last order SL to BE is configurable. bit7 strategy doesnt move to BE.

also you can backtest this to see the max drawdown and profitabality. it works for all digits, 4, 5.... so dont add extra 0 for pips

i tested as much as i can, but cant guarantee bugs. pl test it
Attached File(s)
File Type: mq4 SpeedTrain.mq4   18 KB | 393 downloads
  • #105
  • Dec 31, 2010 9:53am Dec 31, 2010 9:53am
my initial tests reveal moving sl 2 be is a bad idea. without this recovery from drawdown is good. with moving to be, the recovery is very very slow and soon may result in the death trade...
  • #106
  • Dec 31, 2010 12:11pm Dec 31, 2010 12:11pm
Quoting roundrock
my initial tests reveal moving sl 2 be is a bad idea. without this recovery from drawdown is good. with moving to be, the recovery is very very slow and soon may result in the death trade...

yeah I am seeing very similar with my own EA version of this. It also seems that if you keep profitexits small it works better or at least with my version, but there is really no perfect setup perse because the wave sizes of the market are always changing.

As in football, forex is a game of inches measured in pips. The whips will be very bad for this method.
  • #107
  • Jan 1, 2011 7:17am Jan 1, 2011 7:17am
Try this, i thought it is exect according to your requirement i code this EA, i would like feedback from you.

Quoting paulbt38
i have been manually using a similar system that will simply collect 10 pips at a time abd avoid big losses.................
appreciate oif anyone else on the forum can look into this.

Paul
Attached File(s)
File Type: mq4 q-Grid_2f_EA.mq4   54 KB | 548 downloads
  • #108
  • Jan 1, 2011 7:25am Jan 1, 2011 7:25am
use NormalizeDouble(Variable,Digits) when order modifying

Quoting pip_seeker
yeah I actually try to set it to +2 pip in my version, but for some reason the stop is not setting properly and still ends up closing losers for 30 pips.

I'm not sure but seems to me MT won't just let you set your TP just anywhere you have to use a trailing stop to move it up.

Unless someone knows otherwise because all I get is Ordermodify error 1 when I try to do this.
  • #109
  • Jan 1, 2011 1:01pm Jan 1, 2011 1:01pm
Quoting ArshadFX
use NormalizeDouble(Variable,Digits) when order modifying

ok thanks for the tip I will try it.
  • #110
  • Jan 3, 2011 11:16am Jan 3, 2011 11:16am
hi, all.

i try to backtest some of this EAīs but is very dificult because there isn,t money management and after some profits the X% of the account whit the same lot size becomes impossible, and also it isnīt possible start or stop the EA during the backtest.

after all i think that is possible to make many pips whit this, and i start to make forward testing in demo.

best regards.
  • #111
  • Jan 3, 2011 11:20am Jan 3, 2011 11:20am
Quoting ArshadFX
Try this, i thought it is exect according to your requirement i code this EA, i would like feedback from you.

hi, arshadfx.

i look at your EA. and it seems to be a martingale EA.

this is an antimartingale thread.

please avoid this comments in this thread or open your own.

thank you a lot.
  • #112
  • Jan 4, 2011 6:06am Jan 4, 2011 6:06am
kiscan the main problem with backtesting is that you can not avoid the weekends.

so for example like last week when market closes 31 december. and opens january third. your calculations will become unreliable.

that is why i think better forward test it. instead of backwards testing it.
  • #113
  • Jan 4, 2011 9:17am Jan 4, 2011 9:17am
Quoting trade4fun
kiscan the main problem with backtesting is that you can not avoid the weekends.

so for example like last week when market closes 31 december. and opens january third. your calculations will become unreliable.

that is why i think better forward test it. instead of backwards testing it.
how this weekend closing is an issue in backward testing but not forward testing ?

main issue in backward testing is lack of relaible tick data. most MT4 says 90% accurate tick data.

for any strategy to work we need to understand why the strategy should work and whats the edge ? can it survive all market conditions ? what are appropraite lotsize, sl, tp levels ?

in forward testing, you cant get into all market conditions unless you test it for 1-2 years. even if it works in 1-2 years it may not work in 3rd year for same set of variables.
  • #114
  • Jan 4, 2011 11:01am Jan 4, 2011 11:01am
a little trade today.

hi, round rock.

i think, there are some bugs in the ea, because sometimes it fails when have to send new pending orders, in this case the EA doesnīt send buy stops and when a sell stop was stoped out, it didnīt send a new sellstop.

Attached Image (click to enlarge)
Click to Enlarge Name: prueba.gif Size: 21 KB


best regards.
  • #115
  • Jan 5, 2011 9:55am Jan 5, 2011 9:55am
kiscan, pl help me understand the system again

1. lets say you start EA and buy at 1.35 with sl 30 pips, place buy stop order at 1.3530 with 30 sl and sell stop order at 1.3470 with 30 sl.

2, now price goes to 1.3530, move prev trade to BE. close all open orders. place again a buy stop order at 1.3560 with 30 sl and sell stop order at 1.35 with 30 sl

3. repeat step 2 for every 30 pips move in any direction

4. in brief at any stage we will have only 1 buy stop order at 30 pips above the current price and 1 sell stop order at 30 pips below the current price.

5. we may have more than 1 open trade (in same direction) if price keeps going in same direction. if floating profit is enough for you, close all orders, trades and start again

6. if price goes up and down then it keeps hitting stoplosses and result in some drawdown. when you find a direction, if the price keeps going in that direction then it will result in profits provided you survive the drawdown

is there a need to have so many open pending orders at 30 pips each ? we just need one above and one below the surrent step. is this true ?
  • #116
  • Jan 5, 2011 11:03am Jan 5, 2011 11:03am
Finally, a long way in one direction! 1000 pips! worth the wait!

In the range before this fall, the system has only been about 100 pips in stops.
What if we need to do is that when we have a good profit, then pick it up, because if the tour price, we consume the gain and start from scratch.

Happy new year!
Attached Image
  • #117
  • Jan 5, 2011 11:06am Jan 5, 2011 11:06am
What EA are you using

Quoting ninpojutsu
Finally, a long way in one direction! 1000 pips! worth the wait!

In the range before this fall, the system has only been about 100 pips in stops.
What if we need to do is that when we have a good profit, then pick it up, because if the tour price, we consume the gain and start from scratch.

Happy new year!
  • #118
  • Jan 5, 2011 3:34pm Jan 5, 2011 3:34pm
ninpojutsu

which EA are u using?
care to share?


thanks

Mo
  • #119
  • Jan 6, 2011 1:08am Jan 6, 2011 1:08am
This strategy has potential. If only we can find a coder to code it. The system was introduced here , but so far no Ea.

It is clear that someone here does not want to share his EA. Is someone willing to code it? Please......
Never Ever Give Up!
  • #120
  • Jan 6, 2011 1:10am Jan 6, 2011 1:10am
roundrock coded an ea
0 traders viewing now