Dont forget that April is being a Yen carry trade month so you will see some large DD on xxxjpy pairs.
But the Yen will rise soon.
Scoobs.
Sixths trading - an EA by macman, Bob and Steve mk 2
- #1,541
- Apr 7, 2011 5:11am Apr 7, 2011 5:11am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
- #1,542
- Apr 7, 2011 8:25am Apr 7, 2011 8:25am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
In backtesting, I was noticing pairs of trades closing at the same time, one in a small profit and one at a loss of roughly x5.
This turned out to be LUC kicking in and happened when the first box trade filled, then the market retrace to fill the second. EOB was recognising that two open trades means Recovery, and incorrectly calculating the tp's.
This is fixed. Also included is an input to turn off the normal counter-trend trading; I included this so people can study EOB's behaviour in ST, when box trading.
This turned out to be LUC kicking in and happened when the first box trade filled, then the market retrace to fill the second. EOB was recognising that two open trades means Recovery, and incorrectly calculating the tp's.
This is fixed. Also included is an input to turn off the normal counter-trend trading; I included this so people can study EOB's behaviour in ST, when box trading.
In backtesting, I was noticing pairs of trades closing at the same time, one in a small profit and one at a loss of roughly x5.
This turned out to be LUC kicking in and happened when the first box trade filled, then the market retrace to fill the second. EOB was recognising that two open trades means Recovery, and incorrectly calculating the tp's.
This is fixed. Also included is an input to turn off the normal counter-trend trading; I included this so people can study EOB's behaviour in ST, when box trading.
Thanks - TCO
- #1,546
- Apr 7, 2011 3:16pm Apr 7, 2011 3:16pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Well Steve, I got to say, it is interesting to watch. So it takes no recovery trades? I didn't see the lot size change at all in my backtest.
Thanks - TCO
- #1,548
- Apr 7, 2011 4:26pm Apr 7, 2011 4:26pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Hi Steve,
I put the EOB on my live account, but so far no trade... wonder why EOB didn't trigger a sell-stop trade on aussie as it hit the upper 6th line!
- #1,549
- Apr 8, 2011 10:09am Apr 8, 2011 10:09am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Don't know. Probably the spread filter kicking in. Don't know, though.
muahah love this
Hero calls followed by margin calls...
was a little sore after earning those 10 vourchers? Do tell us how you earned them. Couldn't possibly be from posting, because you are an idiot. Pippo
Just look back at their previous posts & you will very easily see the posters to keep - vouchers or no vouchers
- #1,551
- Apr 8, 2011 11:11am Apr 8, 2011 11:11am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
was a little sore after earning those 10 vourchers? Do tell us how you earned them. Couldn't possibly be from posting, because you are an idiot. Pippo
he knows how to handle it
Hero calls followed by margin calls...
- #1,552
- Apr 8, 2011 1:32pm Apr 8, 2011 1:32pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
just an insider between steve and me ,
he knows how to handle it
It's OK guys. Jonas sent me something really good earlier. Part of my reply to him was, "Right, in return for this I hereby grant you exclusive rights to say as many daft things in my FF threads as you want, without fear of retribution. Have fun."
He is just taking me upon the offer.
- #1,553
- Apr 8, 2011 5:59pm Apr 8, 2011 5:59pm
- | Joined Nov 2009 | Status: Trader | 1,196 Posts
...He is just taking me upon the offer.
- #1,554
- Apr 9, 2011 1:55am Apr 9, 2011 1:55am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Good job I just came across this post. I had just packed my bag, ready to go to Germany to sort him out for good. I see if can get a refund on the ticket.
Hero calls followed by margin calls...
- #1,555
- Apr 9, 2011 1:55am Apr 9, 2011 1:55am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Yep. I am going to ban you from all my threads for the rest of your life, complain to the mods and try to get you thrown out of FF.
It's OK guys. Jonas sent me something really good earlier. Part of my reply to him was, "Right, in return for this I hereby grant you exclusive rights to say as many daft things in my FF threads as you want, without fear of retribution. Have fun."
He is just taking me upon the offer.
Hero calls followed by margin calls...
- #1,556
- Apr 9, 2011 10:27am Apr 9, 2011 10:27am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Roundup for the week. Live trading:
+260
+$34.58, or 2.08% of the balance at the start of the week.
None of this I earned from TOB trading as intended. I was stupid enough to leave all my xxxJPY pairs running, so I have L4 sell on EJ and L3 sell on GJ. I also have an L2 GC buy, but that is irrelevant as these were trades taken out before I boosted the account funds, so their lot size is a quarter of my normal size.
The pips and the cash have come from protective hedges taken out at 50% of the lot sizes of the L3/4 trades, sometimes using an A signal from Logical, sometimes because I left the protective pending in place in case the market continued to move against me; this would eventually stop out with a 30 pip trail.
My experience of the margin percent falling below 500 is poor, so I was not happy when I awoke on Friday morning to drawdown of about 45% and a margin percent under 700 - that L4 trade took this down below my minimum of 1100 by some distance.
I knocked together an ea that monitors the margin percent and will hedge the L4 at equal lots if the ml falls to 500. If this happens, then this pair will remain untouched until the lower level trades have moved to breakeven and closed. I will have sufficient margin left then to deal with them individually.
What I am hoping for is that this will prove unnecessary and that the Yen will gather strength before the L4 hedge kicks in; that would make life so much easier.
Looking on the bright side, I made money this week, and knew how to do so. Three years ago I would have been watching like a transfixed rabbit as my account went down the tube.
Also, my work in other threads is cross-fertilising; what is a factor in one is influencing my thinking in another.
The idea of a balanced basket of trades (Brijon) has a clear application here. One of those Logical trades in my statement over there is a UJ sell, in the face of the clear strength of the Yen, and against the fact that my fav D1 trend indi shows UJ in an uptrend.
I had a GJ buy from the previous day some distance in the hole, so I decided to see what would happen if I balanced that trade with a sell, so I sold UJ.
What I expected to happen was: GJ would hit its tp quite quickly and I would be left needing to hedge my way out of the UJ. GJ did indeed hit its tp eventually, although not for several hours. The late rally by the Yen also took the UJ sell pleasantly into profit so I closed it.
So, my latest plan once the outstanding trades are dealt with is to trade the six balancing Dryclean pairs. This should help with the drawdown once all 6 have a position open. We shall see.
EOB has made a simply fantastic start. We might have found the trend-trading addition we have been looking for; it helps that the markets have been trending of late, so we shall see.
Sorry about the long post.
+260
+$34.58, or 2.08% of the balance at the start of the week.
None of this I earned from TOB trading as intended. I was stupid enough to leave all my xxxJPY pairs running, so I have L4 sell on EJ and L3 sell on GJ. I also have an L2 GC buy, but that is irrelevant as these were trades taken out before I boosted the account funds, so their lot size is a quarter of my normal size.
The pips and the cash have come from protective hedges taken out at 50% of the lot sizes of the L3/4 trades, sometimes using an A signal from Logical, sometimes because I left the protective pending in place in case the market continued to move against me; this would eventually stop out with a 30 pip trail.
My experience of the margin percent falling below 500 is poor, so I was not happy when I awoke on Friday morning to drawdown of about 45% and a margin percent under 700 - that L4 trade took this down below my minimum of 1100 by some distance.
I knocked together an ea that monitors the margin percent and will hedge the L4 at equal lots if the ml falls to 500. If this happens, then this pair will remain untouched until the lower level trades have moved to breakeven and closed. I will have sufficient margin left then to deal with them individually.
What I am hoping for is that this will prove unnecessary and that the Yen will gather strength before the L4 hedge kicks in; that would make life so much easier.
Looking on the bright side, I made money this week, and knew how to do so. Three years ago I would have been watching like a transfixed rabbit as my account went down the tube.
Also, my work in other threads is cross-fertilising; what is a factor in one is influencing my thinking in another.
The idea of a balanced basket of trades (Brijon) has a clear application here. One of those Logical trades in my statement over there is a UJ sell, in the face of the clear strength of the Yen, and against the fact that my fav D1 trend indi shows UJ in an uptrend.
I had a GJ buy from the previous day some distance in the hole, so I decided to see what would happen if I balanced that trade with a sell, so I sold UJ.
What I expected to happen was: GJ would hit its tp quite quickly and I would be left needing to hedge my way out of the UJ. GJ did indeed hit its tp eventually, although not for several hours. The late rally by the Yen also took the UJ sell pleasantly into profit so I closed it.
So, my latest plan once the outstanding trades are dealt with is to trade the six balancing Dryclean pairs. This should help with the drawdown once all 6 have a position open. We shall see.
EOB has made a simply fantastic start. We might have found the trend-trading addition we have been looking for; it helps that the markets have been trending of late, so we shall see.
Sorry about the long post.
- #1,557
- Apr 9, 2011 8:47pm Apr 9, 2011 8:47pm
- Joined Jun 2007 | Status: Teach men to fish | 7,384 Posts
- #1,559
- Apr 10, 2011 2:38am Apr 10, 2011 2:38am
- Joined Jun 2007 | Status: Teach men to fish | 7,384 Posts
