D1 - 20 EMA & 50 EMA | Page 37 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

10-30 EMA Cross & 200 EMA as a Filter? 13 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

EMA crossover (ema 14 & 34) 4 replies

Credit goes to 100PipsADay & 'D1 - 20 EMA & 50 EMA' 12 replies

EMA Close Crossing EMA High/Low Help Please! 2 replies

Attachments: D1 - 20 EMA & 50 EMA
Exit Attachments

D1 - 20 EMA & 50 EMA

  • #721
  • May 31, 2013 10:30am May 31, 2013 10:30am
Quoting jicssbr
Claudia1, I see your lots were .50. What leverage figure (50:1 maximum here in the US) was used in the demo account you doubled in 3 days? TheHenryFam, are you using the EA's default MaxPositions setting of 8 with the lots at .01 on that $1K account? Thank you both.
Hello. I wrote my own EA, but yes, I have it set to take no more than 8 positions on each pair. I am currently running it on a $3,000 USD demo account with a lot size of .03. In three weeks' time I have never been in danger of margin issues, and I have had as many as 110 positions or so opened at once.
Prices are never too high to begin buying or too low to begin selling.
  • #722
  • May 31, 2013 10:33am May 31, 2013 10:33am
TheHenryFam,

And the demo account leverage is 50:1? Wow, 110 trades open at one time without margin concerns. Amazing.

Thanks again.
  • #723
  • May 31, 2013 10:34am May 31, 2013 10:34am
Quoting normtold
{quote} thehenryfam, interesting post, I was the one that mentioned trading 3 pairs that tend to trend but maybe it does require using this strategy with more, say 17 pairs. When you mentioned trading with 0.01 lots per $1000, how many pairs are you trading? I have a £4000 account so trying to work out how many pairs I could trade with 0.01 lots with max 8 positions per pair.
I am trading 21 pairs at that level. I have had as many as 110 trades open at once and still did not have a margin concern. And this was on a 50:1 account at IBFX. So far, so good. My EA is currently set to a max of 8 positions per pair. I am running the trade delay of 12 hours rather than 6, by the way. Right now I have 50 trades open, and my margin level is at 978%.

Yeah, the problem with cherry-picking pairs is that what is trending today might not be tomorrow (or next week), and do you really want all your eggs in that small of a basket?

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #724
  • May 31, 2013 10:37am May 31, 2013 10:37am
Quoting jicssbr
TheHenryFam, And the demo account leverage is 50:1? Wow, 110 trades open at one time without margin concerns. Amazing. Thanks again.
Yep, 50:1 is all IBFX offers.

The nice thing is that by taking profits at a predefined level, I clear all the trades and the margin goes right back to full capacity. In three weeks I have manually closed everything two times.

Mind you, I am still in a testing phase here, so we will see what the future holds.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #725
  • Edited 10:52am May 31, 2013 10:41am | Edited 10:52am
Hello All Again,

Very interesting to read how we all try to learn from each other's activities and make most of this wonderful and really 'holy grail-ish' strategy.

My approach is below in case someone wants to try it or wants to discuss it with me over here or PM, in case the thread gets too cluttered.

My settings as below:

8 positions per pair
12 hours
NO set Take profit, I've changed it to 10,000.
I use 75pip trailing profit.
300pip hard stoploss
0.01 lots only
£1000 demo account


My thinking for above settings.

If my profits are running, they would keep on going until 10,000 pips (I wish, ) before closing the position.

But, once a positions has gone positive, by 75pips, I won't make loss on that one, even if the market reverses.

Now, if market reverses just after 75pips, I'll be stopped out by trailing SL with very little profit, but that is a profit.

If after stopping me out with very little profit, market again decides to resume the trend, and if it has been 12hours (or 6 hours) because of the W% on 1h a new position would open up I believe. If not I am thinking of testing this logic a few days and may be manually intervene to open a position. I am sorry if I am changing the system.

(with above scenario, I've been thinking about coding something in EA, which says that is there was a position stopped out on a pair in <12 or <6 hours, I can open one more position, but I know Khaled has already done a lot more than we can thank him for, so no need to over complicate this EA, this can be done manually )

The other good thing is if the market is playing around in a range of 75 to 125 etc range, it would keep on giving little profit on each of the positions which are open, and if you have multiple positions on one pair, you would get some profilt out of them, instead of all these positions going in negative and making huge loses.

Anyway, sorry for long post.

Hope this helps someone. And I apologize for minor tweaks to the system.
  • #726
  • May 31, 2013 10:42am May 31, 2013 10:42am
Quoting pirt666
{quote} I'm happy for your results, thehenryfam, but if you operate like this (3.3% global TP), what would your SL be? According to 100pips' r/r 2.4%. A little tight for a long term strategy don't you think? Britpip7 says it good: {quote} Anyways lets all do our thing, and compare our results in the end.
Well, it is definitely a modification of the original method, and it remains to be seen whether it will work out long-term. That's what forward testing is for, right? After three weeks, I am at just under 70% winning trades. With cutting off at a predefined TP, there is a chance it can weather the choppier market action a little better than the pure buy and hold approach. Furthermore, for those of us in the U.S. with margin concerns, it allows us to clear the trade deck and get back to full margin levels once again. I'll report back on how things go in the days ahead.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #727
  • May 31, 2013 10:46am May 31, 2013 10:46am
Quoting gj6n68
If after stopping me out with very little profit, market again decides to resume the trend, and if it has been 12hours (or 6 hours) because of the W% on 1h a new position would open up I believe.
I find this thought intriguing May be worth setting up a side by side to check it out.
  • #728
  • Edited 10:58am May 31, 2013 10:48am | Edited 10:58am
Quoting gj6n68
Hello All Again, Very interesting to read how we all try to learn from each other's activities and make most of this wonderful and really 'holy grail-ish' strategy. My approach is below in case someone wants to try it or wants to discuss it with me over here or PM, in case the thread gets too cluttered. My settings as below: 8 pairs 12 hours NO set Take profit, I've changed it to 10,000. I use 75pip trailing profit. 300pip hard stoploss 0.01 lots only £1000 demo account My thinking for above settings. If my profits are running, they would keep on...
Interesting twist. How do you determine which 8 pairs, and when and how often do you revisit that decision?

On the surface, it would seem you might have lots of small gains or breakevens, as a retracement of 75 pips happens quite often I think.

Thanks for sharing your ideas. Will look forward to seeing how you do going forward.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #729
  • May 31, 2013 10:49am May 31, 2013 10:49am
Quoting jicssbr
Claudia1, I see your lots were .50. What leverage figure (50:1 maximum here in the US) was used in the demo account you doubled in 3 days? TheHenryFam, are you using the EA's default MaxPositions setting of 8 with the lots at .01 on that $1K account? Thank you both.
Leverage on that account was silly I think 500:1 - was just playing around to see how things worked as this was not my normal broker. Anyway worked well!
  • #730
  • May 31, 2013 10:49am May 31, 2013 10:49am
Quoting spyderman
{quote} I find this thought intriguing May be worth setting up a side by side to check it out.

Hello SpyderMan,

Thanks for giving it a thought

I'll try and setup another account with standard settings and demo two things together from coming week.

I am still demoing your 'easy as pi' on other hand. That is a twin-sister of this method.
  • #731
  • May 31, 2013 10:51am May 31, 2013 10:51am
Quoting thehenryfam
{quote} Interesting twist. How do you determine which 8 pairs, and when and how often do you revisit that decision? On the surface, it would seem you might have lots of small gains or breakevens, as a retracement of 75 pips happens quite often I think. Thanks for sharing your ideas. Will look forward to seeing how do going forward. Scott

Hi,

I am sorry for wrong wording, I meant 8 positions, the pairs are on my explorer and I decided to go for them, looking at the performance of 3 trade explorers - 100pips, Khaled and mine.

Analysis posted here

Hope it helps, I've selected the most profiting and a few which were negative, but promising to my mind.
  • #732
  • May 31, 2013 11:01am May 31, 2013 11:01am
Quoting gj6n68
{quote} Hi, I am sorry for wrong wording, I meant 8 positions, the pairs are on my explorer and I decided to go for them, looking at the performance of 3 trade explorers - 100pips, Khaled and mine. Analysis posted here Hope it helps, I've selected the most profiting and a few which were negative, but promising to my mind.
Ah! No worries, mate. Makes good sense.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #733
  • May 31, 2013 11:24am May 31, 2013 11:24am
Quoting willm
{quote} May I ask what is your analysis platform? And could you explain more details about your Basket Trade? It seems like a great idea. Thank you.
I use fxstat.com. It's free, works really good.

Cheers
  • #734
  • May 31, 2013 11:29am May 31, 2013 11:29am
Quoting thehenryfam
{quote} I am trading 21 pairs at that level. I have had as many as 110 trades open at once and still did not have a margin concern. And this was on a 50:1 account at IBFX. So far, so good. My EA is currently set to a max of 8 positions per pair. I am running the trade delay of 12 hours rather than 6, by the way. Right now I have 50 trades open, and my margin level is at 978%. Yeah, the problem with cherry-picking pairs is that what is trending today might not be tomorrow (or next week), and do you really want all your eggs in that small of a basket?...
Thanks for the reply Scott.

So a $3000 account trading 21 pairs at 0.03, max 8 trades per pair, 50:1 leverage.

I am using pepperstone at 400:1 leverage.

Apologies for no spaces between my text, since the site update when I click "post new reply" it squashes all my text together.

Norman
  • #735
  • May 31, 2013 11:32am May 31, 2013 11:32am
Quoting normtold
{quote} Thanks for the reply Scott. So a $3000 account trading 21 pairs at 0.03, max 8 trades per pair, 50:1 leverage. I am using pepperstone at 400:1 leverage. Apologies for no spaces between my text, since the site update when I click "post new reply" it squashes all my text together. Norman
Margin will not be a concern for you with 400:1. Not unless you are trading way larger position sizes than you should be.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #736
  • May 31, 2013 11:43am May 31, 2013 11:43am
Quoting gj6n68
{quote} Hello SpyderMan, Thanks for giving it a thought I'll try and setup another account with standard settings and demo two things together from coming week. I am still demoing your 'easy as pi' on other hand. That is a twin-sister of this method.

I agree, there are similarities...both longer term swing/trend. The short fall of PI was the positions late in the trend and the retracement of same at the trend change.

I think with the 8 position limit of HP's, that may well curtail some of that problem. Plus with the fixed TP (or in your case trailing sl) you get an earlier exit...Alas, just none of those 1400 pip positions like in PI
  • #737
  • May 31, 2013 12:57pm May 31, 2013 12:57pm
Ok, thanks for the replies Claudia1 and TheHenryFam, I appreciate them. I'm with IBFX as well in my live, mini account.
  • #738
  • May 31, 2013 2:49pm May 31, 2013 2:49pm
Quoting thehenryfam
{quote} Yep, 50:1 is all IBFX offers. The nice thing is that by taking profits at a predefined level, I clear all the trades and the margin goes right back to full capacity. In three weeks I have manually closed everything two times. Mind you, I am still in a testing phase here, so we will see what the future holds. Scott
Hi thehenryfam,

I have micro account with IBFX also in the US. I wrote my own EA but based the trend on D1 Ichimoku trend instead of 20 EMA & 50 EMA trend, using my own EA shell that has a jumping stop, trailing stop and breakeven. I'm just wondering if you could share how you coded the 12 hours delay feature. Right now I have mine triggering anytime the Williams signal is hit, and it is doing well, but i would like to space out the trades a little more evenly. Please PM me if you have the time and are willing to share your hours delay strat. Thanks - TCO.
  • #739
  • May 31, 2013 2:51pm May 31, 2013 2:51pm
HI Guys enjoying the thread

Just loaded the EA on to my charts thanks.

Question
is it suppose to show the EA Disable on the chart does this mean no trades pending???

Also I note in the EA folder it is not showing as active see left of screen but have the smiley face on the chart???
Any help appreciated


Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 191 KB
I do Good I feel GoodI do Bad I feel Bad
  • #740
  • May 31, 2013 2:53pm May 31, 2013 2:53pm
Quoting Offshore
HI Guys enjoying the thread Just loaded the EA on to my charts thanks. Question is it suppose to show the EA Disable on the chart does this mean no trades pending??? Also I note in the EA folder it is not showing as active see left of screen but have the smiley face on the chart??? Any help appreciated {image}

Click on the Smiley Face then EA setting will pop up for that particular pair. Make sure it says "TRUE" and not False next to the "Activate EA" variable.

Do this for each pair...
2 traders viewing now