Fish Net Trading System | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Pivot Net Revisited (Weekly Pivot Net) 41 replies

Fish Net System Version 2 145 replies

Big Fish traders TF 0 replies

FISH indicator 5 replies

Attachments: Fish Net Trading System
Exit Attachments

Fish Net Trading System

  • #181
  • Sep 23, 2012 8:44am Sep 23, 2012 8:44am
Quoting Caillou
Hi Xlitang,

I'm really sorry but I'm not Carl. I would love to be a coder but I have no idea. Sorry for that.

Cheers
Sorry. Anyway welcome. Any coders here may take up the challenge?
Follow me to the Promised Land
  • #182
  • Sep 23, 2012 9:58pm Sep 23, 2012 9:58pm
Hello Xin,

I am taking your advice. I am limiting my trading to (4) pairs: EURUSD, GBPUSD, EURJPY, GBPJPY.

I am also taking the advice of Matheszabi, limiting my trades to know more than 3%.

I will report on my (3) $20,000 demos as we go. I am open to further suggestions.

William
may you find what you seek and trade what you find
  • #183
  • Sep 23, 2012 10:13pm Sep 23, 2012 10:13pm
Quoting faxxion
Hello Xin,

I am taking your advice. I am limiting my trading to (4) pairs: EURUSD, GBPUSD, EURJPY, GBPJPY.

I am also taking the advice of Matheszabi, limiting my trades to know more than 3%.

I will report on my (3) $20,000 demos as we go. I am open to further suggestions.

William
Williams,

You could trade these pairs and basket profit for $250, set a 0.2 DD.

EURUSD,GBPUSD,GBPJPY,EURJPY,USDCAD,AUDUSD,NZDUSD,USDJPY
Follow me to the Promised Land
  • #184
  • Sep 24, 2012 1:25am Sep 24, 2012 1:25am
thanks for sharing, i will try it on demo
  • #185
  • Sep 24, 2012 4:13am Sep 24, 2012 4:13am
Hello RisingSun,

your results looks good, but as I see from your settings your max DD is 8 times bigger then profit target. So you will have 8 time more winning days then others.
I think this way you will need test this strategy for many weeks or months to say that its moneymaking.

xlitang thank for the strategy, will test it too, although on Oanda as RisingSun.
  • #186
  • Sep 24, 2012 1:33pm Sep 24, 2012 1:33pm
When do you guys open all positions?
  • #187
  • Sep 24, 2012 1:50pm Sep 24, 2012 1:50pm
Quoting john225
When do you guys open all positions?
it is xlitang's system and he is usually is online, but now isn't.

Read the system rules pls at first page and think about rules, when is the moment to place it to work the rules ?

After major news release, and after spike, I would use it.
I will use even if not a major news release but a it was a ranging market with small amplitude after breakout,
Also in a major news release which has surprise results, ofc I wouldn't close the position and I would continue until the trens show weakening signs.

-but that is my philosophy, and I have no rules. Don't follow me
I want to buy PATIENCE
  • #188
  • Sep 24, 2012 3:50pm Sep 24, 2012 3:50pm
Helloi Xin,

All three of my accounts had two losing baskets each today.

William
may you find what you seek and trade what you find
  • #189
  • Sep 25, 2012 1:46am Sep 25, 2012 1:46am
Quoting matheszabi
After major news release, and after spike, I would use it.
It makes more sense to me to use it before expected spike, as it would work best in a strong directional movement, no matter the direction. Noisy movements are more likely to trigger all the orders, and with all orders triggered you can't win as you'll be fully hedged. In a loss, too.

Sincerely,
Barbossa
  • #190
  • Sep 25, 2012 4:54am Sep 25, 2012 4:54am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Barbossa
It makes more sense to me to use it before expected spike, as it would work best in a strong directional movement, no matter the direction.
Widened spread has to be taken in consideration ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #191
  • Edited 5:12pm Sep 25, 2012 4:15pm | Edited 5:12pm
Quoting Barbossa
It makes more sense to me to use it before expected spike, as it would work best in a strong directional movement, no matter the direction. Noisy movements are more likely to trigger all the orders, and with all orders triggered you can't win as you'll be fully hedged. In a loss, too.

Sincerely,
Barbossa
Lets think about: let be the price from some rounded number, to not waste to much time with math: 1.2000 EUR/USD, now you set up your orders: 6x buy above, 6x sell below. As I remember the distance is is 25,15,15,15,15,15. The last one it is at 100 PIP.

Than come the spike and lets say will hit all of you 12 orders and will go to initial price. In this case the trades match each other, but you have payed 12 x spread.

After spike lets say we had a surprise news and it will go the price 100 pip in whatever direction, let be the up direction.
The buy trades will show 0+15+15+15+15+15 = 75 pips, the sell are showing:
-200-185-170-155-140-125 = 975 pip, and you lost 900 pip(on average trade size).

If the buy / sell stops are placed inverse: buy in under the price and sell is above: this case is ideal But what if the price will go only 24 pip, because not big spike and will go 100 pip in other way?
- Than, you lost: - 0-15-30-45-60-75 = 225 PIP.

I told in my previous post, think about rules, and think how could be more efficient, it has a very good base, I like it very much.

If you take a look: here you can see from 244 trades he had "Max Consec Losses:19"

Will you use this system for 244 trades , in 0.5 maybe 5 year? Has any possibility this system too to have you to consecutive 19 loses from 244 trades? If both is Yes, than think about how it would be your drawdown after 19 lose (with 5% drawdown), and why are you crying for 3-6 consecutive?!

Oh you did with coin and you got 3x head consecutive from 5 trades, I can understand.

Homework: how it looks your equity, if you set up after spike and "let the profit run" and do not close at NY , with buy is above, sell is under price?

The system rules:
"
1. Only Trade in London and NY Sessions or Major News release.
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.
"

The consecutive loses:
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2012-09-26 at 1.10.26 AM.png Size: 62 KB
I want to buy PATIENCE
  • #192
  • Sep 25, 2012 7:19pm Sep 25, 2012 7:19pm
Hi xlitang,

Just an update ... so far doing well. Note that my lot of 0.2 is way too small for the level of balance, which could be well below like $10k.

How is your new version going?

Akira
Attached Image (click to enlarge)
Click to Enlarge Name: Noname 2012_09_25.png Size: 30 KB
  • #193
  • Sep 25, 2012 8:41pm Sep 25, 2012 8:41pm
Quoting matheszabi
If the buy / sell stops are placed inverse: buy in under the price and sell is above: this case is ideal But what if the price will go only 24 pip, because not big spike and will go 100 pip in other way?
- Than, you lost: - 0-15-30-45-60-75 = 225 PIP.
Attachment
Thanks for your posting.

Not sure I got your point above. I cannot see the difference by placing Buy and sell stop orders inverse.
Follow me to the Promised Land
  • #194
  • Sep 25, 2012 8:43pm Sep 25, 2012 8:43pm
Quoting RisingSun
Hi xlitang,

Just an update ... so far doing well. Note that my lot of 0.2 is way too small for the level of balance, which could be well below like $10k.

How is your new version going?

Akira
great result. It is a good idea to realize profit fast in this up and down market.
Follow me to the Promised Land
  • #195
  • Sep 25, 2012 11:47pm Sep 25, 2012 11:47pm
Quoting colombino
Hello RisingSun,

your results looks good, but as I see from your settings your max DD is 8 times bigger then profit target. So you will have 8 time more winning days then others.
I think this way you will need test this strategy for many weeks or months to say that its moneymaking.

xlitang...
Hi colombino,

Thanks. So you are a fan of Oanda, too.

Could you explain a bit more about your comments with math of actual figures? I am afraid I do not understand it quite well.

Thanks,
Akira
  • #196
  • Sep 26, 2012 12:02am Sep 26, 2012 12:02am
Quoting Justin
Hi RisingSun

The EA runs 24/5 non stop on my VPS and I don't do any type of interference just "set & forget".
I changed the trade hours to have a continuous operation of the EA regardless whether it is Europe or NY session. I am not sure if my settings for the Trade_Hours is correct or not (I hope xlitang can clarify).

My understanding of the DD is that if you set it to 1 it means 100% so I set it to 0.5 which is 50% DD. I know it is a bit on the high side but at the same time I want to give the EA a room for...
Actually, I am not yet sure about the MaxDrawDown: is it a % expressed in fraction? I can't read the code so I am just guessing. This is why I use the default value, but testing with a huge balance to see how deep it may go down.

I do understand you want a relaxed breathing room but isn't 50% a bit scary?

I am running it on Oanda Uk that does not allow hedging but no Fifo, 50:1 lev. Later I statred to run it on Ibfx Aus that does allow hedging, no Fifo, 100:1 lev and noted that you will need a bigger DD or breathing room with this account.

Akria
  • #197
  • Sep 26, 2012 12:04am Sep 26, 2012 12:04am
Quoting xlitang
great result. It is a good idea to realize profit fast in this up and down market.
Yes, I always like to get it done as quickly as possible.

BTW, would you agree you would need more room for breathing if traded on accounts that allow hedging, compared with accounts that allow no hedging?

Akira
  • #198
  • Sep 26, 2012 4:53am Sep 26, 2012 4:53am
Quoting RisingSun
Hi colombino,

Could you explain a bit more about your comments with math of actual figures? I am afraid I do not understand it quite well.

Thanks,
Akira
Well, as my understanding from this thread Max DD 0,02 means 2%, so your Max DD is 2000 USD.
The profit close is in USD, so 250$ in your case.
So you are risking 2000$ for 250$.

Now the question is, if in the long run the winners will be atleast 10times more often then losers... I'm not that good mathematician to answer this
  • #199
  • Edited Sep 27, 2012 2:58am Sep 26, 2012 6:10am | Edited Sep 27, 2012 2:58am
Quoting xlitang
Thanks for your posting.

Not sure I got your point above. I cannot see the difference by placing Buy and sell stop orders inverse.
NFP spike(before news release): I do recomend the inverse and after spike usually 1 -2 min, max 5 after news release. But after spike close all. Because the spread is widening, the 15 pip distance should be greater, imho.

After spike will go in "normal way", than should be used your method, especially, if it was a surprise in news result.
I want to buy PATIENCE
  • #200
  • Sep 26, 2012 9:49pm Sep 26, 2012 9:49pm
Quoting RisingSun
Yes, I always like to get it done as quickly as possible.

BTW, would you agree you would need more room for breathing if traded on accounts that allow hedging, compared with accounts that allow no hedging?

Akira
Yes, we need more room for breathing if accounts allow hedging. It is because we could have buy and sell orders have been triggered for the same pair that is more than $50 DD for one pair. Looks like no hedging works in your favor this past week.
Follow me to the Promised Land
0 traders viewing now