No trades today
- #104
- Sep 19, 2011 12:31pm Sep 19, 2011 12:31pm
I have a one hour set up that has no losses for five months !!! It is set up to run on the EUR/USD and only trades when the market is trending. It made 500 pips two weeks ago and did not make any trades last week with no losses.
I'm going LIVE real $$ money This week with the 1hr-MT4EMARSI.
The one hour set up; SELL STOP pending order at 1.35830 but it has not hit yet. It actully set one earlier but that one expiered, so the new one is at a lower price point.
- #105
- Sep 19, 2011 12:39pm Sep 19, 2011 12:39pm
[quote=PipLucky;4963922]Trading on a one minute time frame chart with this EA might be a form of mental masturbation !!!! There is no way to reduce the cost of losses on the one minute TF. If we tighten the stop loss we will have more smaller losses, if we have a huge 150 or greater stop loss we will have fewer losses but they'll cost more. With the one minute, it all works fine as long as the market is trending. If it's sideways or changing direction the EA is pron to getting faked out. I have made two adjustment to the one minute test for this week. 1. I've moved the RSI outer lines 15 and 85, This will cut down the amount of trades. 2. I have cut back on the number of currency pairs. I'll run it on the EUR/USD and USD/CHF only. So we'll see how it does, I'll keep testing it for a while longer.
1 minute....Well; mental masturbation, it sure would be nice if this one minute thing worked out. I should have left the settings alone because it probably would have made alot of pips last night. I'm thinking of going back to the 80/ 20 settings on the RSI and making the stop loss much smaller. We'll just have to see if it makes more than it looses.
1 minute....Well; mental masturbation, it sure would be nice if this one minute thing worked out. I should have left the settings alone because it probably would have made alot of pips last night. I'm thinking of going back to the 80/ 20 settings on the RSI and making the stop loss much smaller. We'll just have to see if it makes more than it looses.
- #106
- Sep 19, 2011 2:02pm Sep 19, 2011 2:02pm
The one hour set up; SELL STOP pending order at 1.35830 but it has not hit yet. It actully set one earlier but that one expiered, so the new one is at a lower price point.
- #107
- Sep 19, 2011 2:11pm Sep 19, 2011 2:11pm
[quote=PipLucky;4966637]
I don't give up too easily !!! Anyway; Ive settled on a 75 pip stop loss X 0.2 lots will = cost $150 bucks when it losses a trade. Also settled on the RSI settings of 10 for the periods and 82 / 17 for the outer lines. Also added another EMA 500, but I doubt that will make much difference.
There are worce things that I could be doing with my time....
How about that Breaking Bad last night ???
Trading on a one minute time frame chart with this EA might be a form of mental masturbation !!!! There is no way to reduce the cost of losses on the one minute TF. If we tighten the stop loss we will have more smaller losses, if we have a huge 150 or greater stop loss we will have fewer losses but they'll cost more. With the one minute, it all works fine as long as the market is trending. If it's sideways or changing direction the EA is pron to getting faked out. I have made two adjustment to the one minute test for this...
There are worce things that I could be doing with my time....
How about that Breaking Bad last night ???
- #112
- Sep 21, 2011 7:37pm Sep 21, 2011 7:37pm
Well; I've spent the past few days watching the 1 minute set up very closely and found a few problems that don't occur on the longer time frame charts. For 1 IBFX has a high margin requirement, so when its out of money it deletes the order as its trying to get filled. Then the EA set another order at a higher price point. then if the other trades are in profit it will use that profit to allow the trade, but if you having huge spikes up and down this may cause problems. Now I'm running 15 different currency pairs, so the only way to fix this problem is to reduce the number of pairs or reduce the number of trades at one time. Or open a larger demo account !!!....The other problem was that I made a mistake in the code, so that is fixed now !!!....I have also added some longer EMA's to the 1 minute set up, again we're looking for the trades that trend. So if the EMA's a crossed up there won't be any trades. Last I've turned the scheduler back on and I'm restricting the amount of time that the EA will trade. I'm looking forward to posting upward treading blue lines charts. Thanks to the hundred or so people that check out this thread daily...I'll wont post anything until next Monday
- #114
- Sep 22, 2011 1:52pm Sep 22, 2011 1:52pm
We made some real money last night selling the EUR/USD, it made the 25 pip split trade then came back to hit the trailing stop at 1 pip. Not too exciting but better than being kicked in the balls....
- #119
- Sep 27, 2011 12:33pm Sep 27, 2011 12:33pm
The 15 min got kicked in the balls, ouch ! As I was watching this occure, on the one minute it went into pretty much the same trades as the 15 min. However, the bit difference seems to be that on the one minute the entry gap is 15 pips, it's 30 on the 15 min, the jump stop loss and the split trade on the one minute is at 25 pips, on the 15 min it's at 30 pips. So, a tuff decision awaits !!!...The one minute is doing pretty well; it's in two trades right now that are 80 pips positive. Where as the 15 min didn't do anything last night, except loose those two trades from the day before. I'll keep you posted....
