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Tiger trend trading -long term position trading

  • #321
  • Jul 8, 2013 11:54am Jul 8, 2013 11:54am
Quoting blamshakk
hey supercat thanks for the latest tips, please keep us informed if you have any other valuable snippets of information which we would be able to use. started a £10,000 demo today, took a ~£350 sl hit/s on AUDUSD shorts, weekly trend was down but there is a clear weekly upbar. so far though i am trying the system strictly with the rules as laid out in post#1, not adding any personal judgements/ amendments. will eventually close off positive trades if i feel the balance is dropping too far, as laid out in post 1. thanks for the system and EA's again...
Blam:

sometimes, you could have multiple back to back losses for weeks..but, thats ok...
the reason why this system is so powerful is because the gains are pyramiding while the losses
are linear....
meaning, the winners.... when you add up has a snowball/snowballing effect..your balance would be
in positive at the end of each year...year after year..

Thanks,
Manny
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #322
  • Jul 8, 2013 12:01pm Jul 8, 2013 12:01pm
AND on top of it..
we are using money management..with 1/2 lot closing w/ profit while the other 1/2 is put to BE..
wink..wink.
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #323
  • Jul 8, 2013 12:11pm Jul 8, 2013 12:11pm
Quoting supercat1977
shrinking down the losses during the retracements (within a weekly candle).. I think I found a way... if an arrow appears in the opposite direction of the weekly candle..PAUSE THE EA till that arrow disappears!! :::dO NOT TRADE ON A WEEKLY CANDLE WHEN IT HAS AN ARROW OVER/UNDER IT::::

I have another suggestion for you, based on the last chart posted. See the attachment.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd.png Size: 40 KB

Note the area in the blue rectangle. Any trades opened there would basically end up as losses. If you didn't enter a single trade there, your result would still be about the same, if not better. Something that the author of the millipede thread stressed on was to avoid "trying too hard to get a leg". Have you thought about shutting down the new trade entries as a completely different trigger? Like, say, you enable trading on a 5/10 cross, exit on the opposite cross, but stop adding on a 3/5 cross in the opposite direction? The numbers are just for example, you could use something different. The idea is to avoid adding positions near the end of the move, while leaving the early entries grow to their potential.
  • #324
  • Edited 1:04pm Jul 8, 2013 12:34pm | Edited 1:04pm
Quoting Barbossa
{quote} I have another suggestion for you, based on the last chart posted. See the attachment. {image} Note the area in the blue rectangle. Any trades opened there would basically end up as losses. If you didn't enter a single trade there, your result would still be about the same, if not better. Something that the author of the millipede thread stressed on was to avoid "trying too hard to get a leg". Have you thought about shutting down the new trade entries as a completely different trigger? Like, say, you enable trading on a 5/10 cross, exit...
1. my trading/techinique is TOTALLY REACTIVE...as opposed to predictive trading (candlestick, patterns, supply-demand etc.), hence, at-most might be suspicious of that area within the rectangle as a NO-TRADE ZONE...but would not be sure of it.

2. I think your idea of using multiple crosses (EMA fan) would definitely help in terms of minimizing the losses/pausing the trades early....I can totally see 2/3 within 2/5 in the weekly, helping us reduce the losses to a great deal..

I think we could try it..
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #325
  • Jul 9, 2013 6:49am Jul 9, 2013 6:49am
Supercat.

Glad to see your thread back. I've been a longtime fan of Graeme's methods but haven't yet hit on the right combination to make a go of it. Will definitely try this out with the ea's.


I like Barbossa's idea of discontinue trading as the trend slows down. My experience in longer term MA cross strategies definitely have suffered from the losses at the turns. I'll definitely try implementing that.

What is your current list of pairs your trading. Same as before or have you modified.
  • #326
  • Jul 9, 2013 10:09am Jul 9, 2013 10:09am
spyderman..
the ones that are trending + moving fast.
for me..I like..
like eurnzd, gbpnzd, audjpy, eurjpy, gbpjpy, gbpaud etc.

Now, you could trade any pairs...as you like..
just that the weekly chart should be clean with long trends and minimal up/down arrows in between.
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #327
  • Jul 9, 2013 10:16am Jul 9, 2013 10:16am
Inserted Video



This is how the MARKET messes w/ your head!!
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #328
  • Jul 9, 2013 4:05pm Jul 9, 2013 4:05pm
Quoting Barbossa
{quote} I have another suggestion for you, based on the last chart posted. See the attachment. {image} Note the area in the blue rectangle. Any trades opened there would basically end up as losses. If you didn't enter a single trade there, your result would still be about the same, if not better. Something that the author of the millipede thread stressed on was to avoid "trying too hard to get a leg". Have you thought about shutting down the new trade entries as a completely different trigger? Like, say, you enable trading on a 5/10 cross, exit...

Another thought I had to filter out trades as the trend may be changing is to only take trades if the current weekly candle matches the current trend direction. So if we're in an uptrend on the weekly, but the current weekly bar is down, then no trades. That bar may be a retracement or an actual trend change, but either way, we'd be on the sidelines until it resumes in our direction or we get an actual ema crossover.
  • #329
  • Jul 10, 2013 2:14am Jul 10, 2013 2:14am
Thanks for this system. Looks promising

I have a question:

TRADE MANAGEMENT:
1. ENTER (AUTOMATED) 2 LOTS (MICRO/MINI/STANDARD)

Using the EA with the mentioned settings it opens just one order 0.1 lot. (maybe I do something wrong)
Also when looking at your statement I see it opens most of time one order and sometimes 2 orders?

2. EXIT ONE LOT (AUTOMATED) WHEN TP=SL, AND LET THE OTHER LOT(NOW, THIS SL IS MOVED TO ENTRY PRICE) RUN TO THE MOON.

Because point one is not working at the moment (for me) point 2 isnt working either. But If I understand correctly it should work as follow.
Every time a new arrow occurs (in position of the trend) the Ea should open 2 orders. One of these orders closed when locked pips are the new SL? The other one just let run and close manually at a certain level?

Please can you explain to me?
Thanks!!
  • #330
  • Jul 10, 2013 4:20am Jul 10, 2013 4:20am
Quoting xinix1974
Thanks for this system. Looks promising I have a question: TRADE MANAGEMENT: 1. ENTER (AUTOMATED) 2 LOTS (MICRO/MINI/STANDARD) Using the EA with the mentioned settings it opens just one order 0.1 lot. (maybe I do something wrong) Also when looking at your statement I see it opens most of time one order and sometimes 2 orders? 2. EXIT ONE LOT (AUTOMATED) WHEN TP=SL, AND LET THE OTHER LOT(NOW, THIS SL IS MOVED TO ENTRY PRICE) RUN TO THE MOON. Because point one is not working at the moment (for me) point 2 isnt working either. But If I understand correctly...
Just started using the EA yesterday xin, but it's working for me.

You have to stipulate the lot size in the EA. The default is .1 but you can set it to whatever you want. If you set it to .6 (as an example) when the TP is hit (30 or 70) it will close half and leave the balance (.3 in this case) at break even.

You will of course want to adjust the initial position size according to your account type, broker parameters and risk appetite
  • #331
  • Jul 10, 2013 5:13am Jul 10, 2013 5:13am
Quoting spyderman
{quote} Another thought I had to filter out trades as the trend may be changing is to only take trades if the current weekly candle matches the current trend direction. So if we're in an uptrend on the weekly, but the current weekly bar is down, then no trades. That bar may be a retracement or an actual trend change, but either way, we'd be on the sidelines until it resumes in our direction or we get an actual ema crossover.
Yes...That is the filter I have been using.
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #332
  • Jul 10, 2013 5:16am Jul 10, 2013 5:16am
I have been trading with 2/3 ema on the weekly chart ...this time around..
it might mean early exit (read: not realizing the full potential of the trend)..
but, this is something I love to do..try different combinations..

I am sure, you would be successful in any combination...as long as you stick
to the trading rules.
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #333
  • Jul 10, 2013 5:17am Jul 10, 2013 5:17am
I've set up this system on demo, since I also liked Graeme's original thread. I turned on the trading EA and it's started trading. I feel the way it is now is logical. I'm just wondering how necessary optimization of stop losses on each pair would be? Im using the standard 30 and 70, with take profit on the first portion the same. Or is over-optimizing this not seeing the forest for the trees?
  • #334
  • Jul 10, 2013 5:32am Jul 10, 2013 5:32am
Quoting minute
I've set up this system on demo, since I also liked Graeme's original thread. I turned on the trading EA and it's started trading. I feel the way it is now is logical. I'm just wondering how necessary optimization of stop losses on each pair would be? Im using the standard 30 and 70, with take profit on the first portion the same. Or is over-optimizing this not seeing the forest for the trees?

Ya know...so far..70 something, is worked for me for the high-spread pairs like eurnzd, gbpnzd...
but for gbpjpy, eurjpy...30 seems like a little too less...because of the number of losses
after being BE..
so, I think maybe 40 or so..

I also think..low spread pairs (MAJORS) like eurusd, audusd..maybe 30 or even lesser (I haven't tested those, because I don't trade them)

Please let us know how your trading goes, if you try with other Stop losses..we could adapt this system accordingly.
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #335
  • Jul 10, 2013 5:38am Jul 10, 2013 5:38am
Supercat,

EA seems to be trading per specs. I did notice that it continues to take multiple positions on same pair irrespective of whether previous orders are at BE or not. Was wondering what you thought about the advisability of waiting until order A is at BE (with 1/2 closed) before opening position B. It seems Graeme always recommended that.

Also on the s/l, t/p, I've always like using some multiply of ATR for that. Seems more customized to each pair. Don't know what you think on that.
  • #336
  • Jul 10, 2013 6:24am Jul 10, 2013 6:24am
Quoting spyderman
Supercat, EA seems to be trading per specs. I did notice that it continues to take multiple positions on same pair irrespective of whether previous orders are at BE or not. Was wondering what you thought about the advisability of waiting until order A is at BE (with 1/2 closed) before opening position B. It seems Graeme always recommended that. Also on the s/l, t/p, I've always like using some multiply of ATR for that. Seems more customized to each pair. Don't know what you think on that.
Spyderman:

I am sure that would minimize the losses..and stop the flurry of aggressive entries..controlled trading so to speak..
I agree with you on that..but, that means the EA needs to be fed w/ some extra codes..and if someone
could code that into it...I think that would be awesome..
much more intelligent way of trading.

I do think ATR is a great way to decide the SL..what SL's are you using for your pairs?
Also, please share your results when your trades mature.

Thanks,
Manny
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #337
  • Jul 10, 2013 6:30am Jul 10, 2013 6:30am
As far as sl's, I'm going with your 30/70 for now. I'm going to tweek to ATR once I get a feel for it.

As far as the EA goes, where did you get it originally. Might be best to speak to original coder. I could ask the the guys over at Steve Hopwood's and they would probably make adjustments
  • #338
  • Jul 10, 2013 7:17am Jul 10, 2013 7:17am
Quoting supercat1977
{quote} I agree with you on that..but, that means the EA needs to be fed w/ some extra codes..and if someone could code that into it...I think that would be awesome.. much more intelligent way of trading. I do think ATR is a great way to decide the SL..what SL's are you using for your pairs? Also, please share your results when your trades mature. Thanks, Manny
Definitely it would be good to have some control/limit over how many entries are fired off. And the ATR option for stop loss. Since we have the source code it should be possible. Ranging periods on the 15 minute may fire off too many trades. Ideally I would like to stack 1 trade at a time as the trend progresses and adjust stop loss according to the volatility of the pair.
  • #339
  • Jul 10, 2013 7:23am Jul 10, 2013 7:23am
Quoting minute
{quote} Definitely it would be good to have some control/limit over how many entries are fired off. And the ATR option for stop loss. Since we have the source code it should be possible. Ranging periods on the 15 minute may fire off too many trades. Ideally I would like to stack 1 trade at a time as the trend progresses and adjust stop loss according to the volatility of the pair.
Yeah, just waiting to hear back from Supercat before proceeding. Looks like it might be a commercial EA and don't want to start screwing with somebody's code without permission. I went to the coder's website and he's still operating, so there's another option there.
  • #340
  • Jul 10, 2013 11:12am Jul 10, 2013 11:12am
yes..we should do it..
we could request Kolier's permission to modify the code
so..somebody here could modify the code to..
1. cherry pick the entries by this EA as you guys mentioned
2. Set % ATR as an optional SL (variable or static..I dont know)

Now, this system is evolving into a conservative trading machine..less automated trades..but
much more pleasing in my view, when you look at the losses column.

Thanks guys for keeping the momentum going and sharing your thoughts and ideas.
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
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