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Bread and Butter Trades

  • #181
  • Aug 5, 2011 5:22pm Aug 5, 2011 5:22pm
@ Galen

I think comparing buy and sell logic may well reveal the issue.

Invisible
  • #182
  • Aug 5, 2011 5:41pm Aug 5, 2011 5:41pm
As programmed, Matt's O_R_CheckForHistory function gives up trying after x attempts to make an EA wait until the latest trade shows up in the trade history.

I overrode this in the past, but appear to have lost this overriding - something to watch out for if any of you are using my EA shell as well as all my recent work.

I have re-introduced code to overcome this. Have a look at bool SendSingleTrade(string symbol, int type, string comment, double lotsize, double price, double stop, double take) and see if you think this will do the job.

Attached File(s)
File Type: mq4 Ibuks Bread'nButter multi-pair auto-trader by SteveHopwood.mq4   44 KB | 476 downloads
  • #183
  • Aug 5, 2011 6:36pm Aug 5, 2011 6:36pm
Quoting SteveHopwood
I have re-introduced code to overcome this. Have a look at bool SendSingleTrade(string symbol, int type, string comment, double lotsize, double price, double stop, double take) and see if you think this will do the job.

Thanks Steve for the quick response and new code. Have a great weekend!
  • #184
  • Aug 6, 2011 11:44am Aug 6, 2011 11:44am
I wanted to share this trade taken yesterday, Friday evening.

I took the trade in the pic using a buy limit and went out for a meeting.

My reason for taking the trades are as follows:

1. 24ema bounce (Bread trade )

2. 1.4150 are has been a strong support for a while


I came back later in the day around 9:00pm (uk time) to see green.

Will u call this luck or rookie's luck.

All I will say is trade your plan and plan your trade.

Have a great weekend.

Happy trading.
Attached Image (click to enlarge)
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  • #185
  • Aug 7, 2011 3:33pm Aug 7, 2011 3:33pm
Hi Ibuks,

thanks for sharing. Tested it a bit and of course last week was bad because of these crazy moves up and down but under "normal" marketconditions the system really works out. I set a SL of 30 pips and 10 pips TP, quite good but as I said not last week (of course).

Next week I won't trade it either until market calms down a bit, crazy moves rihgt now,

Jack
  • #186
  • Aug 7, 2011 6:07pm Aug 7, 2011 6:07pm
I try to attach the dashboard but doesnt work only for current pairs not on all pairs could somebody explain why
  • #187
  • Edited Aug 8, 2011 8:58am Aug 7, 2011 8:31pm | Edited Aug 8, 2011 8:58am
Nice setup for the first trade of the week. Entered with 2 lots. Will close 1 lot when it reaches 1 Atr, will let other lot run. Wish a bunch of pips for everyone for this week.

Update 1: Price hit my 1 Atr, so I closed 1 lot with +37 pips. I will let second lot run.

Update 2: Price closed above 24 Ema, so I closed the remaining second lot. Good Money Management can turn a losing trade to a winner. +23 pips and trade closed.
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  • #188
  • Aug 7, 2011 9:53pm Aug 7, 2011 9:53pm
Here is another open trade from last week. Closed 1 lot already, so it is a free trade. +90 pips and counting.
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  • #189
  • Aug 8, 2011 3:46am Aug 8, 2011 3:46am
It's correct?
thanks
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  • #190
  • Aug 8, 2011 3:54am Aug 8, 2011 3:54am
correct?
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  • #191
  • Aug 8, 2011 5:05am Aug 8, 2011 5:05am
suggestion?
it's good pending order at 1.4278?
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  • #192
  • Aug 8, 2011 5:15am Aug 8, 2011 5:15am
Quoting JackintheBox
Hi Ibuks,

thanks for sharing. Tested it a bit and of course last week was bad because of these crazy moves up and down but under "normal" marketconditions the system really works out. I set a SL of 30 pips and 10 pips TP, quite good but as I said not last week (of course).

Next week I won't trade it either until market calms down a bit, crazy moves rihgt now,

Jack

For real? Used the OOTB ea with stunning results last week. Also starting a test with other important ma's this week, should be interesting.
Attached Image (click to enlarge)
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  • #193
  • Aug 8, 2011 6:38am Aug 8, 2011 6:38am
Hi esquire, sorry but I didn't test it back last week but I tested it back now til

2011/01/11

here are the results: (1 hour trading, may be in real slightly better but not much because I used 1 hour candles but the tendency is clear)

You should avoid trading one hour and a half before us open (dow jones open) ( I slipped it from the test to get better results)

Then the trading results are follows with 10 pip TP und 30 pips SL and enter on hit the EMA 24 (so it'S bounce trading: If it comes from high on EMA24 then long and SL 30 pips under the EMA24 and TP above 10 pips of EMA24):

Gain 1140 (114 trades)
Lost 1020 Pips (34 trades)

CR: 1,12 (without spread costs)

That's far from good. I think you have to think about lots of other stuff to get good profit from that.
Always remember: If you test a strategy test at least half a year to become results.
For example the last 3 month were a bit better than Jan to Apr.

May be the Author of this thread can tell a bit how to "select" trades.

Greets Jack
  • #194
  • Aug 8, 2011 6:45am Aug 8, 2011 6:45am
As most trading systems here: The key for success is the selection of the trade. The system alone mechanical doesn't work well. Yes you get profit if you trade at least half a year but you need additional filters.

Look at Danyjoe Pic last post. See the problem ? Hour of trade is good, downdrive is ok, may be a bounce may be not. That'S the problem. Right now it worked out before SL 30 so it was a good one (chances were mechanically 55% equaled on 30SL/TP 10) .

I admire the author of this thread if he is profitable with this strategy last years but it would be great if he could show the WIN/LOST ratio...
I think it will be under 1.5 and that's ok but not outstanding. Mechanically without 1 and half hour before Dow Jones Open it's 1.10-1.15 ....

greets Jack

The beginning pic (CHART PAGE 1) is a phase were the system performs very well (also at my backtest) but it's only a short time frame !!
  • #195
  • Aug 8, 2011 9:13am Aug 8, 2011 9:13am
I've tested this ea to short to give you a well fundmented opinion. But as you can see in my results I have to say the system is very impressive untill now. I'll have to keep testing a couple of weeks to make sure it's that good, but i think a 6 month period is a bit too much. The fact that this system seems to work now may be result of certain market conditions, which might change somewhere in the future.

Is it just me or isn't the ea mking any trades today by the way?
  • #196
  • Aug 8, 2011 9:24am Aug 8, 2011 9:24am
Quoting JackintheBox
As most trading systems here: The key for success is the selection of the trade. The system alone mechanical doesn't work well. Yes you get profit if you trade at least half a year but you need additional filters.

Look at Danyjoe Pic last post. See the problem ? Hour of trade is good, downdrive is ok, may be a bounce may be not. That'S the problem. Right now it worked out before SL 30 so it was a good one (chances were mechanically 55% equaled on 30SL/TP 10) .

I admire the author of this thread if he is profitable with this strategy...


Do you really see a losing trade in a trading system as a "Problem"?
Dannyjoe's 1st trade (U/C) is a big winner with 80 pips+ and counting. His second chart (U/Chf) turned to be a loser for him because he entered late. I entered the same pair few hours earlier and made +27 pips. Third chart which is the E/U was the only loser here. It always come to good money management. Cut your losses short, let your winners run.
  • #197
  • Aug 8, 2011 10:56am Aug 8, 2011 10:56am
Hi The7,

no of course you are right. You cannot avoid losts but you can change parameter to tight SL and BIG TP still not gaining anything because of changing in chances. The C/R ratio on a trade say nothing about the outcome (eg. 30 TP / 10 SL 3:1) you can make it even 30 TP / 5 SL still no gain because the system is not working. (The one here works but not very well as I said 1,1: 1 but it's really hard to find a good one so I appreciate a lot that people share their thoughts here and their Ideas !)

I try to analyze it the hard way. It has to stand different market conditions, than it's good.

Greets Jack
  • #198
  • Aug 8, 2011 12:04pm Aug 8, 2011 12:04pm
What's the mistake? someone can help me? thanks
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  • #199
  • Aug 8, 2011 12:15pm Aug 8, 2011 12:15pm
I have seen many good systems here on FF, being trashed because of EA's. People just turn on the EA, go fishing, come back in a week and look at there results:" Nah, this system doesnt work, look at the results". Ea's are good only when you manage them. Why would you leave the EA running if Bank of Japan intervenes the market, or any other major development happens? It doesnt work that way folks..Not fair to any system..
  • #200
  • Edited 12:40pm Aug 8, 2011 12:26pm | Edited 12:40pm
Sometimes catching a signal late is a good thing. My red line is the 50 Ema, prices loves those lines just as it likes the 24 Ema. Short here with 2 lots, will close 1 lot when it reaches 1 Atr.

Update 1 : That was quick. Price hit my 1 Atr, so I closed 1 lot with +33 pips. I have a free trade now. Will let it run.
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