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  • #481
  • Feb 24, 2011 5:12pm Feb 24, 2011 5:12pm
cgrey and all, just to update... I got an email saying MT4 live is available on OANDA:


You are receiving this email because you signed up for an OANDA MT4 invite. We are happy to announce that the OANDA MT4 platform is now available.

Here are the steps needed to set up your OANDA MT4 account:

1. Sign into the Fund Management System to create an fxTrade account enabled for MT4. (Specify your account details, then check the "Enable this account for MetaTrader 4" box under Advanced Options.)
2. Fund the MT4-enabled account.
3. Download the OANDA MetaTrader 4 software. (This software is the same for both fxTrade and fxTrade Practice; you only need to download it once.): http://www.metaquotes.net/files/oanda/mt4setup.exe
4. The downloaded exe file will install on any Windows system. Double-click the file from a Windows machine to install the software.
5. Use the account number and password of your MT4-enabled account to sign in to the MetaTrader 4 software. (Be sure to select "OANDA - fxTrade" from the list of servers that appears.)

Let us know if you have any questions, comments or general feedback about OANDA MT4.

Kind Regards,

OANDA fxTrade Team
www.fxtrade.oanda.com
  • #482
  • Feb 24, 2011 5:19pm Feb 24, 2011 5:19pm
Quoting 2+2=4ex
cgrey and all, just to update... I got an email saying MT4 live is available on OANDA:


You are receiving this email because you signed up for an OANDA MT4 invite. We are happy to announce that the OANDA MT4 platform is now available.

Here are the steps needed to set up your OANDA MT4 account:

1. Sign into the Fund Management System to create an fxTrade account enabled for MT4. (Specify your account details, then check the "Enable this account for MetaTrader 4" box under Advanced Options.)
[i]2. Fund the MT4-enabled...
thanks 2+2. Got the same Email this morning... Gotta try to get to the bank tomorrow to send a wire to get my account funded. Hopefully, they will apply the funds same-day. Would really like to be able to start March from the 1st...

====
Edit: Doh! Bank wires take 1-2 days to process by OANDA, then another 1-day to get in to your account. It may be as late as Wednesday....
  • #483
  • Feb 24, 2011 6:11pm Feb 24, 2011 6:11pm
This is exactly what I was thinking - I still have to be verified so I very much doubt I'll make it.

who's betting that 8am candle on tuesday is 250 pips!
  • #484
  • Feb 24, 2011 7:00pm Feb 24, 2011 7:00pm
Quoting dave0
This is exactly what I was thinking - I still have to be verified so I very much doubt I'll make it.

who's betting that 8am candle on tuesday is 250 pips!
Yeah, I think it will be one more month of demo before taking this live for me. I've been talking to another br0ker (bank, actually) that I'm very seriously considering moving to. I'd be able to set up sub-accounts with them for this and a couple of other distractions, to keep them separate from my main trading, but still under the same umbrella. And based on my balance and volume, I'll get pretty decent pricing. I'm probably going to end up going that route (there are several benefits over OANDA for me, at least). I can wait another month. Since OANDA demos don't expire, I'll still use one of them for the myfxbook "journal" for this system.
  • #485
  • Feb 24, 2011 7:40pm Feb 24, 2011 7:40pm
I'm really on the fence about this, because I'd be opening up a whole can of worms and probably creating a lot of work for myself....

I am tempted to create a new thread, in which together we will build an EA for this system. I am by no means a programmer, but I have written a few simple EAs, including the one that trades this system for me. There have been requests for an EA, and while I know that roundrock has already made one available, there are still people still asking for one.

I would want it to be a learning experience, though... Not just attaching the file and saying "here it is" - but actually writing the code, in parts, over several days (after all, this is about the simplest EA you could possibly ever write) and explaining what each section actually does. This would require people put in at least a little effort, and for those that may be interested in creating their own EAs for other systems, it might be a good starting point to introduce them to the concept of programming an EA. It would NOT be a programming thread, as much as it would be specifically targeted at creating an EA for THIS system, and frankly, I'm not competent enough with coding to take it too far anyway. It would require people do some work on their own, again, to take the basic concepts that would be presented, and figure out how to change it for their own needs.

I dunno - I'm going to sleep on this and see how I feel about it in the morning. I'm feeling like giving something back after these past few days. World events, sad as they have been, have led to a nice profit for me this week... This could be a way for me to give something more to this thread.
  • #486
  • Edited 5:08am Feb 25, 2011 3:12am | Edited 5:08am
For your information, I have forward tested this strategy since 1st Feb until now and not producing positive results. I would advise anyone to do a full test on this strategy at least 2 months before you go. I have written an ea for this and not going to further develop until someone claim that this strag is working in his results. Sorry this was delayed as I do not have time to post until now.

The following ea is done in shortest time possible before further tuning it to be more user friendly as it has not yet proven (forward test) profitable.

Parameters to be set:
ServerGMT: can be positive or negative number, calculate your broker GMT/UTC differential (note the daylight savings).

MagicNum: an unique number to track this group of opened/closed trades

LotDecimal: some broker does limit the lot size decimal to 1 only. Example: have it set to 2 if your broker accept 0.01

USD1_PerPip_LotSize: this is to calculate micro/mini/etc. Put in a lot size that one pip = USD 1.00 profit.

StopLossPips: leave it as default which follows ggrey strag, read 1st post.

Targeted_Net: put a 10% based on your equity to the month's target, currently you have to do this manual every beginning of the month once.

StopLoss_Risk: (percentage) leave it as default which follows ggrey strag, read 1st post.

StopLoss_Pips: leave it as default which follows ggrey strag, read 1st post.

As requested by cgrey, I have to remove the perfect ea following the exact strategy and TIMING. Please PM me if you need the ea, I have limited privilege to start a new thread. *Junior Member* or someone else pls start a thread for me to post it.
  • #487
  • Feb 25, 2011 3:25am Feb 25, 2011 3:25am
However, I will do a final test on March and April for this strag and have a live result link here on the go when the time comes. I can't present my current Feb results as its a combination of a few test. My server has limited resources...
  • #488
  • Feb 25, 2011 4:39am Feb 25, 2011 4:39am
Quoting chyi
For your information, I have forward tested this strategy since 1st Feb until now and not producing positive results. I would advise anyone to do a full test on this strategy at least 2 months before you go. I have written an ea for this and not going to further develop until someone claim that this strag is working in his results. Sorry this was delayed as I do not have time to post until now.

The following ea is done in shortest time possible before further tuning it to be more user friendly as it has not yet proven (forward test) profitable.

Parameters...
Yes, February has not been a good month thus far. Clearly, you have not read the entire thread and seen the results that several people have posted back through 2007.

I have mentioned several times in this thread, that I would prefer that no EA be posted here, but rather in their own thread. Please remove the EA from your post, and open a new thread for it. If it remains, I will remove your ability to further post in this thread.
  • #489
  • Feb 25, 2011 8:39am Feb 25, 2011 8:39am
Quoting chyi
For your information, I have forward tested this strategy since 1st Feb until now and not producing positive results. I would advise anyone to do a full test on this strategy at least 2 months before you go. I have written an ea for this and not going to further develop until someone claim that this strag is working in his results. Sorry this was delayed as I do not have time to post until now.

The following ea is done in shortest time possible before further tuning it to be more user friendly as it has not yet proven (forward test) profitable....
I will start a thread for the EA.

Just what I need -9.6 for me today manually traded
  • #490
  • Feb 25, 2011 9:25am Feb 25, 2011 9:25am
Quoting puntalara
I will start a thread for the EA.
Thank you. That thread appears to be here:

http://www.forexfactory.com/showthread.php?t=282208

Pleae keep any discussion specific to this EA in the above thread.
  • #491
  • Feb 25, 2011 9:43am Feb 25, 2011 9:43am
Quoting cgrey
I'm really on the fence about this, because I'd be opening up a whole can of worms and probably creating a lot of work for myself....
This probably wasn't the best idea. After thinking more about it, with very few notable exceptions, people don't want to learn - they just want things handed to them. Sadly, there's plenty of evidence around us here and in other threads, that most folks would get very little from the excerise, and simply just want to download the completed work.

There is already an EA out there, and just today, someone else said they'll post another one. I do not 'endorse' either, nor have I personally reviewed them to confirm they accurately represent the system as it has been presented. But, they're available, and in the end that is probably all that the vast majority of people want. Don't ask in this thread for any "support", from the authors or me. That's why they're in separate threads.

I plan to update the first post this weekend with some of the stuff that has been discussed over the past couple of months to try to summarize the thread. I will then move back to being more of a "lurker" on FF. There's a reason I don't post much - If/when I have something new to share that I feel can make a difference, I'll open a new thread for it. If I discover anythng related to this specific system that may interest people, I'll share it here. Until then, I will continue to silently check in now and then on this thread. Hopefully, it won't deteriorate like so many others have, and future posts remain on-topic and have substance.
  • #492
  • Feb 25, 2011 10:27am Feb 25, 2011 10:27am
Quoting cgrey
This probably wasn't the best idea. After thinking more about it, with very few notable exceptions, people don't want to learn - they just want things handed to them. Sadly, there's plenty of evidence around us here and in other threads, that most folks would get very little from the excerise, and simply just want to download the completed work.
cgrey, I agree with you that it is not a good idea. However, I hope we will continue to discuss the original idea and how it can be developed/enhanced to produce consistent profits for participants. Overall, I the thread quality is good and hope it stays that way.

I have already setup a new account to trade this idea, which I will be trading manually with a few amendments. Today I traded the new account and got out within ten minutes with a 2 pips profit (I wanted to start with a profitable first trade ). I will share my trading results if I feel it is appropriate to the thread.

Kind regards
  • #493
  • Feb 25, 2011 11:23am Feb 25, 2011 11:23am
cg, regardless of how this thread continues thank you for starting it - it's been of huge importance to me. I took the 12/8 candle concept and the 10% a month pip target from this thread and made it work for me. I couldn't have done this without your initial findings.

To those unsure of it's credibility - I have back tested this system with the tweaks I have noted (the key for me the capped DD and the management of winners) back to Jan 2007 and it has been profitable year on year.
  • #494
  • Feb 25, 2011 11:31am Feb 25, 2011 11:31am
Quoting dave0
cg, regardless of how this thread continues thank you for starting it - it's been of huge importance to me. I took the 12/8 candle concept and the 10% a month pip target from this thread and made it work for me. I couldn't have done this without your initial findings.

To those unsure of it's credibility - I have back tested this system with the tweaks I have noted (the key for me the capped DD and the management of winners) back to Jan 2007 and it has been profitable year on year.
You're welcome, Dave. And thanks for sharing your contributions as well. I find it rewarding when something I share can be of benefit to others.

I hope you have continued success with yoru adaptation of this.
  • #495
  • Feb 25, 2011 12:05pm Feb 25, 2011 12:05pm
Quoting cgrey
This probably wasn't the best idea. After thinking more about it, with very few notable exceptions, people don't want to learn - they just want things handed to them. Sadly, there's plenty of evidence around us here and in other threads, that most folks would get very little from the excerise, and simply just want to download the completed work.
I've run a couple of threads myself. Never a truer word was spoken than what you just said. Wish you continued success.
  • #496
  • Feb 25, 2011 12:23pm Feb 25, 2011 12:23pm
I actually thought it was a good idea cgrey cause I don't even know how to use an ea in the first place. So learning to program one and put it to use would benefit me. But no worries I am sure if I want an ea for this I can learn how to program with the use of the internet.

I was hoping you would go back and revise your first post with your final version of how you are going to execute this trade. So thanks for doing that.

Also, I know you don't want a lot of clutter and this might clutter it to much. But if everybody that is going to trade this strategy with a sleight variation from your revised strategy, "example 1% risk per trade and max dd of 6% a month" write out how they are going to trade it and you list in the first post what post number that variation is on it might help.

Anyway just a thought and again I thank you for the time you have contributed to this thread.

Branden
  • #497
  • Feb 25, 2011 12:23pm Feb 25, 2011 12:23pm
Post #1 has been updated.
  • #498
  • Feb 25, 2011 12:27pm Feb 25, 2011 12:27pm
Never mind cgrey you basically covered everything in your revised post. Thanks again.
  • #499
  • Feb 25, 2011 12:44pm Feb 25, 2011 12:44pm
Quoting Rasi
I hope we will continue to discuss the original idea and how it can be developed/enhanced to produce consistent profits for participants.
Absolutely. The simplicity of the "rules" probably means there is less to be discussed than with some other systems, but I would love to see discussions continue when something relevant is uncovered.

Quoting Rasi
I have already setup a new account to trade this idea, which I will be trading manually with a few amendments. Today I traded the new account and got out within ten minutes with a 2 pips profit (I wanted to start with a profitable first trade ). I will share my trading results if I feel it is appropriate to the thread.

Kind regards
Best of luck. I'd probably do a few things slightly differently if I were trading this manually, I just can't get up at 3am (maybe I'll pack up the family and move to London some day).... I believe strongly in not giving anything back, so congrats on your 2-pips. Any winner is better than a loser.

I hope you have continued success....
  • #500
  • Feb 25, 2011 12:46pm Feb 25, 2011 12:46pm
Quoting stevefx
I've run a couple of threads myself. Never a truer word was spoken than what you just said. Wish you continued success.
Thanks Steve. Yeah, truth be told, this thread has really gone pretty well to this point, as far as staying on topic and keeping things civil. Better than I was hoping for, even.
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