set file for MPTM TS for basket
kicks in at +50.00 (set it to what ever you want) then TS at 75% of that
used this am worked well
kicks in at +50.00 (set it to what ever you want) then TS at 75% of that
used this am worked well
Attached File(s)
Indicators development for T101's not very simple method
- #3,801
- May 12, 2011 4:25pm May 12, 2011 4:25pm
- Joined Oct 2008 | Status: Sailing for pips | 2,099 Posts
- #3,806
- May 14, 2011 10:39am May 14, 2011 10:39am
- Joined Oct 2008 | Status: Sailing for pips | 2,099 Posts
- #3,807
- Edited 11:50am May 15, 2011 9:43am | Edited 11:50am
The top pic is 14 pair basket started 5-9-11 3 bakets last week up just over 10%
next pic 3 pair started 5-12-11 3 baskets + some EU only trades up over 11%
Will be playing with this more next week
I want to add a small note:
About dryclean's results, you have to know that this "nice" Max DD (very low - 5% - 54$) might be very confused.
This Max DD is for the worse trade, and if you have 14 simultanic open trades, it might be 14*DD (at least 500$), which is quit high...
Y.
- #3,808
- May 15, 2011 11:50am May 15, 2011 11:50am
crossy,
That's why I like trading a lot less pairs right now. Like last week on one trade, I have EURUSD in setup described in my last post, risk like 27 pips and got 166. That's around 6.15 R:R. I risked 0.5% and gained 9.86% if I close trade when market opens.
When I can do this with one pair, why not just choose one pair (much more simple), and now increase risk with this one pair to max out Lots (if it hits stoploss and doesn't close, margin call will close it LOL). The key here is to calculate your own margin requirement, accounting for spread pips, stoploss pips, commission, swap, where mql4 code doesn't account for stoploss pips, just for putting the trade on.
Now, if anyone wants to say I'm downing the T101 basket, I'm not. I'm just saying my preference at this time. If I ever have a need to create more paperwork for my business than is necessary, I can always trade 14 times the number of pairs that I need to. I may decide to do it just out of curiosity. But I'm just saying it's not required to make money. You can trade single pairs and not baskets and be just as profitable. There's only so much margin, and it doesn't care if it gets split between one pair or 28 (if there is enough margin for that many trades).
Kind regards,
Don
That's why I like trading a lot less pairs right now. Like last week on one trade, I have EURUSD in setup described in my last post, risk like 27 pips and got 166. That's around 6.15 R:R. I risked 0.5% and gained 9.86% if I close trade when market opens.
When I can do this with one pair, why not just choose one pair (much more simple), and now increase risk with this one pair to max out Lots (if it hits stoploss and doesn't close, margin call will close it LOL). The key here is to calculate your own margin requirement, accounting for spread pips, stoploss pips, commission, swap, where mql4 code doesn't account for stoploss pips, just for putting the trade on.
Now, if anyone wants to say I'm downing the T101 basket, I'm not. I'm just saying my preference at this time. If I ever have a need to create more paperwork for my business than is necessary, I can always trade 14 times the number of pairs that I need to. I may decide to do it just out of curiosity. But I'm just saying it's not required to make money. You can trade single pairs and not baskets and be just as profitable. There's only so much margin, and it doesn't care if it gets split between one pair or 28 (if there is enough margin for that many trades).
Kind regards,
Don
Thanks, Don, kos, GVC and idash for your great contributions.
I want to add a small note:
About dryclean's results, you have to know that this "nice" Max DD (very low - 5% - 54$) might be very confused.
This Max DD is for the worse trade, and if you have 14 simultanic open trades, it might be 14*DD (at least 500$), which is very high...
Y.
- #3,810
- May 15, 2011 1:24pm May 15, 2011 1:24pm
- Joined Oct 2008 | Status: Sailing for pips | 2,099 Posts
Thanks, Don, kos, GVC and idash for your great contributions.
I want to add a small note:
About dryclean's results, you have to know that this "nice" Max DD (very low - 5% - 54$) might be very confused.
This Max DD is for the worse trade, and if you have 14 simultanic open trades, it might be 14*DD (at least 500$), which is quit high...
Y.
I do agree about the DD.. This is why I am trying 3 pair and 6 pair and 8 pair combo's but the bottom line is the system is working and the 5.4% was on a 1000 account....I don't get nervous till 10% then a person could add on to top buy or sell pairs to offset the DD. Your basket is the ultimate indicator telling exactly which pairis are doing what......This is game mode ...Demo..... this is where you experiment.... get consistant...get in trouble and work your way out of it
- #3,812
- Edited 4:20pm May 15, 2011 3:41pm | Edited 4:20pm
dryclean,
If I get in trouble, I close the trade(s) because I made an unprofitable decision.
That's what stoploss is for.
BTW, I don't use static stoploss, but variable stoploss based on price action in my EAs. This is why I'm pretty confident trades are closed because price action has told me trend has turned.
BTW, I'm on real account trading.
BTW, for some reason (I set my Terminal > Account History to show Last week, which is really this week), I put on TrackRecord indicator, and everything is 0 except open trades, which now says 10.96%, where it said 9.86% before.
I'm just saying I don't see how one can get better R:R than risking 0.5% on ONE TRADE, ONE PAIR, gain 10.96%. That's all. Add more pairs and you'll have to get more pips because each pip will be worth less. Or add risk to one pair trade, which adds gains if you are correct/profitable. But again, no matter how you divide it (one pair or more, up to like 28 pairs if you got 500:1 leverage available), what hinders is amount of margin/leverage available. We're all able to "spend" it like we choose (choose individually how many pairs to trade) For instance, although my account is 50:1 leverage per se, I get close to margin call when I get around 38:1, so I monitor that because I don't like getting too close for comfort.
Kind regards, and cheers,
Don
If I get in trouble, I close the trade(s) because I made an unprofitable decision.
That's what stoploss is for.
BTW, I don't use static stoploss, but variable stoploss based on price action in my EAs. This is why I'm pretty confident trades are closed because price action has told me trend has turned.
BTW, I'm on real account trading.
BTW, for some reason (I set my Terminal > Account History to show Last week, which is really this week), I put on TrackRecord indicator, and everything is 0 except open trades, which now says 10.96%, where it said 9.86% before.
I'm just saying I don't see how one can get better R:R than risking 0.5% on ONE TRADE, ONE PAIR, gain 10.96%. That's all. Add more pairs and you'll have to get more pips because each pip will be worth less. Or add risk to one pair trade, which adds gains if you are correct/profitable. But again, no matter how you divide it (one pair or more, up to like 28 pairs if you got 500:1 leverage available), what hinders is amount of margin/leverage available. We're all able to "spend" it like we choose (choose individually how many pairs to trade) For instance, although my account is 50:1 leverage per se, I get close to margin call when I get around 38:1, so I monitor that because I don't like getting too close for comfort.
Kind regards, and cheers,
Don
I do agree about the DD.. This is why I am trying 3 pair and 6 pair and 8 pair combo's but the bottom line is the system is working and the 5.4% was on a 1000 account....I don't get nervous till 10% then a person could add on to top buy or sell pairs to offset the DD. Your basket is the ultimate indicator telling exactly which pairis are doing what......This is game mode ...Demo..... this is where you experiment.... get consistant...get in trouble and work your way out of it
- #3,817
- Edited 10:29am May 17, 2011 10:15am | Edited 10:29am
Ok, finally figured out why the 1hr template was locking the PC, the 4hr offline must be open before you apply it, as the timeframe is set to 240.
I am still however a little unclear on whether the HAS should be applied to the TTF or not, and if so at what timeframe?
My gut feeling is it's not necessary, but in screenshots I see people with the HAS on the TTF and the STF.
1. You can use T101 H4 for TTF. Then put HAS on T101 H1 STF, which has TTF as 240 in it's inputs. Indicator is not applied to T101 H4 TTF.
2. You can use T101 H1 for TTF. Then put HAS on T101 M15 STF, which has TTF as 60 in it's inputs. Indicator is not applied to T101 H1 TTF.
You can choose between them, depending on your trading style, or you can use both long-term and short-term approach, or you can make your own strategy.
Bottom line as a trader: Each individual takes responsibility if they put any strategy on real account before testing, including me. Do not take this warning Kos gave lightly, especially when trading 14 pairs, or less pairs with higher leverage (so that at end of day you're using same margin/leverage either way, if you maximize your money management once confident in your strategy you are trading).
I would say to use as low leverage as possible until you get the hang of / feel comfortable whatever trading strategy you settle on for you personally.
BTW, if your MT4 is locking up, maybe you downloaded history for all pairs, but didn't go back and click M1, download again, and choose to recalculate all timeframes? This is an important step IMHO if trading any strategy that includes more than one pair (but it is an unneeded step if only trading one pair
).Kind regards,
Don