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Fish Net Trading System

  • #101
  • Sep 18, 2012 10:02pm Sep 18, 2012 10:02pm
Yes, today market was ranging and not a big trend. I would set a big MaxDrawDown and don't close any trades and wait for market to make another big move.
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  • #102
  • Sep 19, 2012 1:22am Sep 19, 2012 1:22am
Quoting xlitang
Yes, today market was ranging and not a big trend. I would set a big MaxDrawDown and don't close any trades and wait for market to make another big move.

Hi Xlitang,

How big maxdrawdown you are using.

Are you testing EA demo or live account.

Regards,
-irbu-
  • #103
  • Sep 19, 2012 3:24am Sep 19, 2012 3:24am
Quoting FerruFx
This is certainly your broker limitation (100 orders opened at the same time).
Hi, FerruFx

Thanks a lot for your answer.

You confirm my intuition.

Best regards

BBF
BigBlackfeet Always on the(forex) war path !
  • #104
  • Sep 19, 2012 4:00am Sep 19, 2012 4:00am
Quoting xlitang
Rules:

3. Set Profit Target and MaxDrawDown Target, once profit target or MaxDrawDown hit, Close all opened and pending orders.
Do you grid again after all orders closure ?
Or done for the day ?
Do you grid one time at london, and one time at NY ? Or only once for both ?

Thanks
Meeeooow !!!
  • #105
  • Sep 19, 2012 5:36am Sep 19, 2012 5:36am
EA just closed a net profit of 120.00 on the default 4 pairs.....
  • #106
  • Sep 19, 2012 5:54am Sep 19, 2012 5:54am
Quote
2. Place six Buy and Sell Pending Orders above/below market price. First Order 25 (user defined) pips above or below market. Subsequent orders with 15 pip gap (user defined). No SL and TP for each orders.

If you do not mind me asking, I am trying to check this out using OANDAs web-based platform so I have to set up things manually.

1. Are all 6 orders supposed to be the same currency?
2. Are they supposed to be scattered at will above and below the market price?

3. Isn't using no SL at all very dangerous?
  • #107
  • Sep 19, 2012 6:52am Sep 19, 2012 6:52am
Quoting barking dog
If you do not mind me asking, I am trying to check this out using OANDAs web-based platform so I have to set up things manually.

1. Are all 6 orders supposed to be the same currency?
2. Are they supposed to be scattered at will above and below the market price?

3. Isn't using no SL at all very dangerous?
1. Yes, same pairs.
2. not just at will 15 pips between orders, 25 pips first order to market price.
3. we have buy and sell in place, they will hedge each other in case market want to get us.
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  • #108
  • Sep 19, 2012 6:53am Sep 19, 2012 6:53am
Quoting desi
Thanks, few more points for your consideration.
1) Profit target for open orders of a pair should be the same i.e., TP value for all orders should be the number of pips from the first order, example if the first buy order is say opened at 1.020 and TP input is 60 pips then TP value is 1.080. For subsequent orders at 1.035 and 1.050, TP value should again be 1.080.
2) If the profit target for an individual pair is reached, close all pending orders for that pair only and place fresh pending orders for that pair based on the market price at that...
Will be in place for next version.
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  • #109
  • Sep 19, 2012 6:53am Sep 19, 2012 6:53am
Quoting irbuu
Hi Xlitang,

How big maxdrawdown you are using.

Are you testing EA demo or live account.

Regards,
-irbu-
still demo.
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  • #110
  • Sep 19, 2012 6:58am Sep 19, 2012 6:58am
I can only answer your questions before and after work, which is before 8:oo am and after 5:00 pm CST.
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  • #111
  • Sep 19, 2012 6:59am Sep 19, 2012 6:59am
Quoting niepce
Do you grid again after all orders closure ?
Or done for the day ?
Do you grid one time at london, and one time at NY ? Or only once for both ?

Thanks
Will have these options in next version.
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  • #112
  • Sep 19, 2012 7:06am Sep 19, 2012 7:06am
Quote
1. Yes, same pairs.
2. not just at will 15 pips between orders, 25 pips first order to market price.
3. we have buy and sell in place, they will hedge each other in case market want to get us.
Thanks for the quick reply.
However a few things remain unclear to me:

1. I do not get by what method the orders are supposed to be placed (by pending order you mean limit order?). Do place 6 above and 6 below (the above ones being long and the below ones short)?
  • #113
  • Sep 19, 2012 7:08am Sep 19, 2012 7:08am
Quoting barking dog
Thanks for the quick reply.
However a few things remain unclear to me:

1. I do not get by what method the orders are supposed to be placed (by pending order you mean limit order?). Do place 6 above and 6 below (the above ones being long and the below ones short)?
Stop Orders. above is long below is short.
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  • #114
  • Sep 19, 2012 8:44am Sep 19, 2012 8:44am
Wednesday trades are going pretty well, compared to yesterday's ranging market. Thanks agan XLT.
Attached Image (click to enlarge)
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  • #115
  • Sep 19, 2012 9:17am Sep 19, 2012 9:17am
Today seem profitable for this EA....banked in twice at 120.00 each. Thks XLT
  • #116
  • Edited 2:42pm Sep 19, 2012 2:36pm | Edited 2:42pm
Hello Xin,

Today was a good day. I am running 4 variations, all multiple pairs on a $20,000 account.

1) 4% Max DD ($800) and $800 Daily Profit Target. Today $657.

2) 4% Max DD ($800) and $1,000 Daily Profit Target. Today $979.

3) 24/5 Runs all day everyday. 4% Max DD ($800) and $800 Daily profit Target. Today $343.

4) New Idea. 3:1. Max DD 3% ($600) and Daily Profit Target $1,800. Just loaded demo today. Will report future.

One suggestion: Could the Max DD and Daily Profit Target both be stated as a dollar amount. I think this would allow for more precise money management.

This EA has been impressive so far. Thank you Xin.

William
may you find what you seek and trade what you find
  • #117
  • Sep 19, 2012 3:32pm Sep 19, 2012 3:32pm
Quoting faxxion
Hello Xin,


One suggestion: Could the Max DD and Daily Profit Target both be stated as a dollar amount. I think this would allow for more precise money management.



William
Max DD and Profit is in money already
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  • #118
  • Sep 19, 2012 6:20pm Sep 19, 2012 6:20pm
Hi, XLT

Fish Net is doing well so far. What I want is a "non repeating option", where once a set TP is hit and profit banked, no further trade be automatically processed (no further pending orders automatically re-entered) , even though the EA is still on the chart and effective with smilies.

In this way, one can set and leave the EA do its job without being monitored and manual intervention done.

Thanks,

Akira
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  • #119
  • Sep 19, 2012 7:01pm Sep 19, 2012 7:01pm
Quoting RisingSun
Hi, XLT

Fish Net is doing well so far. What I want is a "non repeating option", where once a set TP is hit and profit banked, no further trade be automatically processed (no further pending orders automatically re-entered) , even though the EA is still on the chart and effective with smilies.

In this way, one can set and leave the EA do its job without being monitored and manual intervention done.

Thanks,

Akira
Will do.

Post some more detail how you use the EA, I.E. setting details.
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  • #120
  • Sep 19, 2012 7:36pm Sep 19, 2012 7:36pm
Quoting faxxion
Hello Xin,

Today was a good day. I am running 4 variations, all multiple pairs on a $20,000 account.

1) 4% Max DD ($800) and $800 Daily Profit Target. Today $657.

2) 4% Max DD ($800) and $1,000 Daily Profit Target. Today $979.

3) 24/5 Runs all day everyday. 4% Max DD ($800) and $800 Daily profit Target. Today $343.

4) New Idea. 3:1. Max DD 3% ($600) and Daily Profit Target $1,800. Just loaded demo today. Will report future.

One suggestion: Could the Max DD and Daily Profit Target both be stated as a dollar amount. I think...

William,

Do you still manually close the trade or let EA close?
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