EURUSD

Generous guy! It´s magic(x)

Long EUR/USD @ 3164
SL: 3103
TP: 3217

Reason:
1. Support was held at 1.31 (psychological level)
2. The thursdays bear-run was quickly countered by a bull run showing that price is not yet ready to go further below.

I can't wait for your critique

Good target! Mine 3220-50-70

What is your reasoning behind your positon if I may ask?

I see we are both fans of Benji

Bull engulfing on d timeframe, mixed us data, Syria problem , Russia didn't support us and possible cancel of septaper! Plus some other views I have in my experience !

Think its time for short. Stopp about 1.3225. Target about 1.3000

Five should be better

Missed yer post earlier KW, apologies...

I was a bit of a dork as a kid, spent my lunch hours on an apple IIe and after that on a TRS-80. From there, my computer gap went to windows 95. Big difference in the GUI, but managed to find a piece of code that made sense to me.

With the help from an FF member noaheffect, I was able to more concisely define trade strategies. And really, all he asked me to do was to try and put my idea into code speak.

If and when and then....blah blah blah.

SWB is the Heart of the code I work with, a free ware release and much the reason that I still add and continue to not only work on but share my progress with others...started free, keep it free...

So...I had to take my M1 logic and understand of markets, develop my understanding of indicators and drop it into the code. SWB is a grid trader, so really it is going to cost average based on a static range and with a small enough profit, generally always be able to find its way home. So, I started to play. And play. And play......

Realization...

The best triggers on an M1 are still going to be wrong. Adding in a Static grid and this will bust an account. Seen it happen, had it happen, will watch others learn for this to continue to happen...so, I had to try and figure out a way to have the code exercise some restraint. Let it try to think instead of just a blind trade. I played, and played and played some more and got to think, well, if we have the grid but make it so that the code still has to wait for a trigger after a predefined range, we can reduce the risk of a massive candle destroying the account, so I backed the trigger onto the grid.

Simplistic code speak was:
If there are zero trades and we see a short trigger, take a short, back this bitch every 25 pips after with another trade with a set multiplier behind.
(standard martingale grid)
My logic was to say:
If we take a short trigger and the market has moved 25 pips, wait for the next short signal and cost average in with a set multiple behind.
(forces restraint)

Going under the premise that even a broken clock is correct 2x per day, I improved the logic with a simple piece of code, copy and pasted, into having a blind additional multiplier turn into a broken clock.

You been round here long enough to see that when somebody continues to post "Long" or "Short", they will inevitably be correct. SWB already did the same, but the trigger logic was so basic that even though it did well, there was still more room for improvement.

I have re-written this code thousands of times. Through this, I have gotten an education on almost every free and standard indicator that google can find. I added each one of these pricks to the logic and had it run it's course. From there, added in some manual trade logic and tried to continue. Good results, but still wanted more....

The Market Addiction!

I have traded for 3 days straight, tripping the M1 charts. Loved every minute of it, win, lose or draw and would continue to do the same.

BUT!!

My health ain't that good. I love my wife n kids and have that personal instinct inside of me that says that I should always be able to provide. For the last 4 years, my life has sucked. HARD. Lost a lot of friends, lost a lot of personal stuffs and continue to struggle with my everydays. When I am feeling up, I continue to strive for the holy grail defined by me, that can provide by my parameters.

If you have spent as much time watching all time frames, multiple trade pairs/systems and can get a little geek speak out, it is every bit as much invigorating to see the profit grow as if you took the personal trade. My robots are my children and I love to watch them succeed.

From here, through the help of a few suggestions, managed to further modify the code to exit on a counter trigger. Sure it seems a little greedy, but there are still a lot of trades that close with a zero to just above zero net. Catch the trend, it begins on the M1 charts!!!

I'm not a coder.

I've given up on trading other peoples money, my health can't take the extra stresses, it ain't fair to them, ain't fair to my family.

I get my gains and continue to program and at all times, I try to stay fluid in motion with market.

Maybe I don't always get it right, but through the benefits of my progression, know that I don't need to.

Trade ideas, Money Management, Market Study and Indicator validity have all been solidified through my work with automation.

Adding to "A journey of a thousand miles starts with the first step", comes my logic that says, "Every step after is one step closer", which helps keep me going.

If ya made it this far into my rant...good on ya. Hope ya take something out of it.

If not, I can say, fuck you...not like you will read this either...(still love thumbing my nose, I really am a total prick ya know?)

My success is from happiness, my happiness is not from success.

Long story short, I dunno, prolly just luck...

Hi, wont your multiplier make your risks grow exponentially? Even starting really small you can only take at best 3-5 trades in this manner consecutively... a bad streak can take out more than a year's gains.. it will not happen on average but it will happen once in a while.. interesting idea you got there thou

that is the bad side of grid , can reduce damage by using 1:1 0r 1:0.5 leverage ,most of the time s/l wipes big potion of the account .

Oh well, 16 hours from now and we're fighting for pips again for the next 120 hours.

Sorry for late one - yes of course I mean resistance.. it was higher than market price!

1.2750 is ON the way.

The idea of sharing these files is to help lend perspective on trading.

I don't encourage anybody to use these as much more than a tool to learn different ways of trading as well as different money management. That being said, there are a couple of traders that I work with who have doubled live money accounts in a few short months working with one of my previously released versions.

Just like in live trading, there are risks attached with any system and for this reason, I recommend anybody who works with any Automated trader to test rigorously on DEMO accounts to ensure that you not only have an idea of the profits possible, but to also understand your own personal threshold for profit to loss.

so just looking back over this post from Friday morning...

the price bounced right out of the middle of the first target zone, which was the highest probability one mentioned and has so far corrected to 3189 ie: just inside the 1.3180 to 1.3280 target zone for the correction. I will calculate more accurate targets for the correction when I get a chance.

so far this analysis has provided nice shorts into the target zone followed by a good long, next I will be looking for that turn in the correction target zone for a new short...

ops.. sorry.. a habit i picked up from trading is to look at risks first.. it was not my intention to criticise you or EA or what you have posted. If I have brought that across, please accept my apologies.. it is good that such stuff are shared so that people can vigorously test them and give their support or critic on the EA.. helps you know how well the EA is working...

I was trying to understand the risk, because there is a chance(the chance gets better over a longer period of time) that you will encounter a losing streak and this cant be easily extrapolated from intensive testing on demo accounts.. if everything is automated and scaled as the account grows, when that streak hits, the account is busted.. It sounds like if there's profits in the account you should move them out and restart again on a comfortable size that you are willing to blow akin to a moving SL for a swing trader...

i am also testing 9th vertion of my grid on demo , my sequence starting with less than 2 leverage maximum risk 10% (approx. 2 month profit) , need lot of testing. previous ver. failed due too coding error in one of the function .

expecting gap up , Italy might feed your bear