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The gg53 "Killing Zone"

  • #1,741
  • Apr 24, 2013 2:35pm Apr 24, 2013 2:35pm
Quoting gg53
Hi All, I can confirm that there is a problem when the volume "jumps" out of the boundries and immediatly returns - thus triggering a false entry. Those false entries reasoning are not visible on the chart because the volume bounces back. panamike suggestion to widen the boundries (by increasing the percentage) - might solve some of that problem, but will create a late entry on all others. I think that a better solution is to wait for at least 2-3 consecutive "ticks" of volume breakout for the EA to consider initiating a trade. Other suggestion/comments...
I am going to run parallel tests on widening the boundaries and see what the results are. By no means do I think it will be the optimal solution, and "false" entries can occur with any automated EA triggered from indicators. I am lookng to see if it reduces this affect without causing negative effects to PnL via late entries.
  • #1,742
  • Apr 24, 2013 3:17pm Apr 24, 2013 3:17pm
Hello to all
I am a newcomer to FX. Been studying and practicing for 2-3 hours every day for 6 months (demo)
Last week I had 26 wins from 30 trades and made 478 pips, using a set of simple indicators and rules, trading the end of the
Asian session/start of the London session......the only time I can trade as I work full time (NZ)
Despite my success last week, I felt like something was wrong with what I was doing (once the high of a successful week in trading had gone)
This thread has confirmed my suspicions, and I realise now that I wasn't trading with an underlying 'concept'

The concept of trading breakouts and volume seems ultimately sound and logical.
I have inserted the indicators on page 1 and page 251. Looking forward to trading this method so generously provided by the authors.
I am in the process of reading my way through the thread........just thought a comment from a greenstick might be of some interest to other beginners reading the thread.

Cheers
J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #1,743
  • Apr 24, 2013 10:23pm Apr 24, 2013 10:23pm
Imaxi,

When you get a chance can you add an external parameter for magic number to the EA?
  • #1,744
  • Apr 25, 2013 12:25am Apr 25, 2013 12:25am
Quoting panamamike
Imaxi, When you get a chance can you add an external parameter for magic number to the EA?
Yes I had one in but I changed it to be static..
  • #1,745
  • Apr 25, 2013 12:27am Apr 25, 2013 12:27am
Quoting gg53
{quote} wyh0520, That's the Start-Up that builds an external trading application, that we are working on. It gets its data from MT4 (othyers will be added later on) - does its magic - and return the results to MT4 - for BUY/SELL suggestions. We are running it on "test mode" while continuing development - that post was the first results from it. G.
I'm very excited for you! I can't wait to see the results..
  • #1,746
  • Apr 25, 2013 12:31am Apr 25, 2013 12:31am
Quoting gg53
Hi All, I can confirm that there is a problem when the volume "jumps" out of the boundries and immediatly returns - thus triggering a false entry. Those false entries reasoning are not visible on the chart because the volume bounces back. panamike suggestion to widen the boundries (by increasing the percentage) - might solve some of that problem, but will create a late entry on all others. I think that a better solution is to wait for at least 2-3 consecutive "ticks" of volume breakout for the EA to consider initiating a trade. Other suggestion/comments...
I like your thinking using to wait for at least 2-3 consecutive "ticks"...
  • #1,747
  • Apr 25, 2013 2:42am Apr 25, 2013 2:42am
The EA is sending orders but nothing is happening?? Same thing as last time.... Anybody experiencing this effect?
  • #1,748
  • Apr 25, 2013 3:09am Apr 25, 2013 3:09am
I have the EA running different config on 4 demos and 1 live account (small size test). I have not experienced what you have described at all. Is this on live or demo accounts?
  • #1,749
  • Apr 25, 2013 3:39am Apr 25, 2013 3:39am
Quoting panamamike
I have the EA running different config on 4 demos and 1 live account (small size test). I have not experienced what you have described at all. Is this on live or demo accounts?
Its on Live micro account..
  • #1,750
  • Apr 25, 2013 11:33am Apr 25, 2013 11:33am
Quoting jjre65
Hello to all I am a newcomer to FX. Been studying and practicing for 2-3 hours every day for 6 months (demo) Last week I had 26 wins from 30 trades and made 478 pips, using a set of simple indicators and rules, trading the end of the Asian session/start of the London session......the only time I can trade as I work full time (NZ) Despite my success last week, I felt like something was wrong with what I was doing (once the high of a successful week in trading had gone) This thread has confirmed my suspicions, and I realise now that I wasn't trading...
jjre65,

Welcome aboard !
Share your experience and feel free to contribute.

G.
  • #1,751
  • Apr 25, 2013 11:36am Apr 25, 2013 11:36am
Quoting imaxi
{quote} Yes I had one in but I changed it to be static..
imaxi & panamike,

If the magic number is static it is messing out your results if you are running it on multiple pairs !!
Watch out !!

G.
  • #1,752
  • Apr 25, 2013 12:07pm Apr 25, 2013 12:07pm
Quoting gg53
{quote} imaxi & panamike, If the magic number is static it is messing out your results if you are running it on multiple pairs !! Watch out !! G.
Thanks for the heads up.. I have changed this:

MagicNumber = Symbol()+Period()+13700;

That should divide the pairs..
  • #1,753
  • Apr 25, 2013 12:26pm Apr 25, 2013 12:26pm
You can use the same magic numbers across pairs. But you can not use the same magic number across multiple EAs or more than one instance of a specific pair.

So for example, you can use the same MN on 1 hr charts but to run the EA on the same pairs for 15 min charts ou would have to use a different MN.

That is why I asked for the MN to be an external parameter, I also use a trade copier that requires a MN to differentiate strategies.
  • #1,754
  • Apr 25, 2013 2:55pm Apr 25, 2013 2:55pm
EA (v1.4) testing:

Test duration: 1.1.2012 -> today
TF: H1 & M15
Parameters: OOTB
Win/Loss: better than 75% on both TF's

Profit: insignificant or small loss (0.92-1.07, very similiar on both TF's)

Observations:
1. Some trades have very strange StopLoss (like 3-4 pips) - see chart - left example
2. Some trades are wrong - see chart - right example.

Please try to obey the rules of consolidation.

[Side note: With this win rate - it would make a great scalper - but thats not our goal here...]

G.
Attached Image (click to enlarge)
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  • #1,755
  • Apr 25, 2013 3:23pm Apr 25, 2013 3:23pm
Quoting gg53
EA (v1.4) testing: Test duration: 1.1.2012 -> today TF: H1 & M15 Parameters: OOTB Win/Loss: better than 75% on both TF's Profit: insignificant or small loss (0.92-1.07, very similiar on both TF's) Observations: 1. Some trades have very strange StopLoss (like 3-4 pips) - see chart - left example 2. Some trades are wrong - see chart - right example. Please try to obey the rules of consolidation. [Side note: With this win rate - it would make a great scalper - but thats not our goal here...] G. {image}
I have noticed and have yet to figure out the small stop loss. I know why the "wrong" second trade. There was an initial short trade, the one with the small stop loss. When the OBV indi later breaks the high of the Asian session range it takes the LONG trade. I agree it should not do this since there was no consolidation leading into that specific Long trade.
  • #1,756
  • Apr 25, 2013 3:30pm Apr 25, 2013 3:30pm
Quoting panamamike
{quote} I have noticed and have yet to figure out the small stop loss. I know why the "wrong" second trade. There was an initial short trade, the one with the small stop loss. When the OBV indi later breaks the high of the Asian session range it takes the LONG trade. I agree it should not do this since there was no consolidation leading into that specific Long trade.
panamamike,

I know where the SL came from...
It's previous LOW/HIGH. It should be checked for "if Less than minimum" set something else.

G.
  • #1,757
  • Apr 25, 2013 3:43pm Apr 25, 2013 3:43pm
Quoting gg53
{quote} jjre65, Welcome aboard ! Share your experience and feel free to contribute. G.
Thanks for the welcome
Watching w interest
Im experimenting w the Gadi indies and made some good trades yesterday w the Currencies indi........seems very powerful!
Unfortunately my mt4 froze last night so I cant post any info.......had to start over w a new mt4 account.

Cheers
J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #1,758
  • Apr 25, 2013 10:50pm Apr 25, 2013 10:50pm
Hello GG53 as you can see i`m a newbee with some knowledge in indicators and ae`s.
i put all the indicators as required but the gad currencies is blank, even that i changed the relevent pair to true. what i did wrong?
thanks
  • #1,759
  • Apr 26, 2013 2:21am Apr 26, 2013 2:21am
Quoting gg53
EA (v1.4) testing: Test duration: 1.1.2012 -> today TF: H1 & M15 Parameters: OOTB Win/Loss: better than 75% on both TF's Profit: insignificant or small loss (0.92-1.07, very similiar on both TF's) Observations: 1. Some trades have very strange StopLoss (like 3-4 pips) - see chart - left example 2. Some trades are wrong - see chart - right example. Please try to obey the rules of consolidation. [Side note: With this win rate - it would make a great scalper - but thats not our goal here...] G. {image}
The EA has no rules for consolidation yet. It only takes the breakout from the channel. I wanted everyone, using the EA, to verify that this is done correctly and, they where satisfied.. But know one (maybe a few) said anything.

As for the stop loss setting.. again, its work in progress.. It uses the the high/low of previous bar, added with the spread and stop loss in pips.
  • #1,760
  • Apr 26, 2013 2:25am Apr 26, 2013 2:25am
Quoting providan
Hello GG53 as you can see i`m a newbee with some knowledge in indicators and ae`s. i put all the indicators as required but the gad currencies is blank, even that i changed the relevent pair to true. what i did wrong? thanks
Check and see if your broker uses a suffix.. EURUDS.xxx.. Then add that to the Suffix parameter.
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