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  • #221
  • Nov 28, 2013 4:28pm Nov 28, 2013 4:28pm
Quoting Magix
{quote} Kanz! Welcome to the thread, Mango! Appreciating what you are saying, we do the same, encourage profit taking when profit is available. But in all honesty, cost averaging is a very profitable strategy and knowing when to hold and fold is the same whether traded live or with an automated trader. Any good tool in the hands of somebody that doesn't understand it, is almost guaranteed to fail. The bulk of the ideas behind what we are doing is to encourage market understanding through the use of a selected trade system(s), with the idea of when...
Hey Magix,

Thanks for the warm welcome! I still disagree, because of the law of averages meaning your profit taking will result in a shorter account life, but I won't start a new debate in your thread. You're doing a great thing and over $1000 in donations just from a thread here asking people to donate has been very much a success in my eyes. Take care and best wishes in your trading!
  • #222
  • Nov 28, 2013 4:53pm Nov 28, 2013 4:53pm
Quoting Kanzler
{quote} Hey Magix, Thanks for the warm welcome! I still disagree, because of the law of averages meaning your profit taking will result in a shorter account life, but I won't start a new debate in your thread. You're doing a great thing and over $1000 in donations just from a thread here asking people to donate has been very much a success in my eyes. Take care and best wishes in your trading!
"On a Long enough timeline, the survival rate for everyone drops to Zero."




― Chuck Palahniuk (http://www.goodreads.com/author/show/2546.Chuck_Palahniuk), Fight Club (http://www.goodreads.com/work/quotes/68729)
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #223
  • Nov 29, 2013 2:21am Nov 29, 2013 2:21am
Hi Magix and everyone else. I made a €5 ($6.75) donation to the Bulgarian Red Cross. I didn't get an official email confirmation but I took a screenshot of the Red Cross website as well as from my bank account. I don't have much faith in grid based EAs but they are not all the same so I wanted to try this one out. Plus, your idea of making a donation in order to get it is fantastic. I'll send you a PM with my email address. Thank you!
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  • #224
  • Nov 29, 2013 7:01am Nov 29, 2013 7:01am
Quoting kokitch
Hi Magix and everyone else. I made a €5 ($6.75) donation to the Bulgarian Red Cross. I didn't get an official email confirmation but I took a screenshot of the Red Cross website as well as from my bank account. I don't have much faith in grid based EAs but they are not all the same so I wanted to try this one out. Plus, your idea of making a donation in order to get it is fantastic. I'll send you a PM with my email address. Thank you! {image} {image}
Hey Kokitch,

Welcome to FF, Welcome to the Christmas Bunch and Thanks for your donation!

You've Got Mail!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #225
  • Nov 29, 2013 9:18am Nov 29, 2013 9:18am
Quoting dl4hao
{quote} Hy traders, just 4 fun, here now 3 x STOMA EA running at my VPS: AUDUSD, GBPUSD, EURGBP http://www.myfxbook.com/members/Radioman/stoma-audusd/765875 http://www.myfxbook.com/members/Radioman/stoma-gbpusd/765890 http://www.myfxbook.com/members/Radioman/stoma-eurgbp/765894 thanks @ Magix , Dietmar example screenshot AU: {image}

I checked out your traders this morning...for a couple days they aren't looking too bad. EURGBP seems to be the worst of the bunch, but still above water on the week. As a standalone single pair trader and just so you can compare single pair traders on a pair you haven't got loaded, bluejack (http://www.myfxbook.com/members/bluejack/christmas-bot-dt-on/747569/K21vlecmcxxB7vEp5Tc2) has STOMA running on EURUSD and had it started at week open.

Check the myfxbook link HERE (http://www.myfxbook.com/members/bluejack/stoma/761903).

In all honesty, I figured it would do okay, but this beats my expectation!!

Thanks for the Links Blue and Deitmar!!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #226
  • Nov 29, 2013 9:44am Nov 29, 2013 9:44am
... yes, I´ve seen that too, and that gave me the incentive to try STOMA with 3 other pairs

Another idea which I have is, to trade only into one direction, given by EMA(200) at daily chart. If price is above EMA200, run only EA-L(ong) and if under, run only EA-S(hort) ...

hmmm... so many possibilities ... btw for me the most important cirteria to choose is the lowest drawdown. All above 30-40% is not ok for me ...

, Dietmar
  • #227
  • Nov 29, 2013 10:17am Nov 29, 2013 10:17am
Quoting dl4hao
... yes, I´ve seen that too, and that gave me the incentive to try STOMA with 3 other pairs Another idea which I have is, to trade only into one direction, given by EMA(200) at daily chart. If price is above EMA200, run only EA-L(ong) and if under, run only EA-S(hort) ... hmmm... so many possibilities ... btw for me the most important cirteria to choose is the lowest drawdown. All above 30-40% is not ok for me ... , Dietmar
Adding trend is definitely a good idea, and though has been implemented on a few of our testers, you were witness to what can happen if we leave this completely to the EAs.

A little manual and a little automated can definitely make for a nice marriage.

Working by supply and demand zones, price in relation to previous price as in Moving Averages, or even taking and adding your idea of what the fundamentals are telling you and steering your account in that general direction, are all ideas that can be implemented.

Depending on your personal R:R and account size, these should be used as a tool to how they most suit your personality.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #228
  • Nov 30, 2013 9:36am Nov 30, 2013 9:36am
Hey Magix,

Thumbs up for spreading such good vibes!

Here's my donation to the Philippines.

I've never used any EA to trade for me, but it might be fun to test it.
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mind over matter
  • #229
  • Nov 30, 2013 10:00am Nov 30, 2013 10:00am
Quoting kosmo
Hey Magix, Thumbs up for spreading such good vibes! Here's my donation to the Philippines. I've never used any EA to trade for me, but it might be fun to test it. {image}
Welcome to the Thread Kos, and thanks for the Donation!!!

EAs can be used in a lot of different ways, and if nothing else, win or lose they will lend a little market perspective based on the indicators and ideas of the trade logic.

The bulk of what I run are still only in test phases, only a couple of which have made it into real money traders and even on those, I am fairly restrictive..

I am just working through some finishing touches on this weeks new release, will be based on the Traders Dynamic Index. Not something I had ever played with, but given the stats on the week for it as an M1 trader, definitely see how it may have it's merits.

Please forward me a long your Email Address in a Private Message and once I have all compiled will send out the Christmas Old and Christmas New!

Thanks again for your Contribution, any hands we can lend as individuals and in this group environment will make an impact!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230
  • Nov 30, 2013 10:08am Nov 30, 2013 10:08am
This week was a pretty shallow ranging market and I haven't got enough of a sampling from it for releasing the Next Gen.

So...

Instead, I have started to play with the Traders Dynamic Index indicator, custom set and let it run for the week...stats are actually pretty stellar.

Of course, there are no guarantees that it will perform the same or better in the week coming, but will certainly help along those who too may not have had any exposure with this as a market perspective.

Once I am finished with my "Honey Do" list and have a chance to polish up the code, I will forward it to the Christmas EA members!
Will be complete with 2 traders, 1 for long only, 1 for short only and will include the TDI indicator.

Now, before the wife cracks the whip again, (and not in the good way), I'd best bust a move!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #231
  • Nov 30, 2013 12:01pm Nov 30, 2013 12:01pm
Quoting Magix
This week was a pretty shallow ranging market and I haven't got enough of a sampling from it for releasing the Next Gen. So... Instead, I have started to play with the Traders Dynamic Index indicator, custom set and let it run for the week...stats are actually pretty stellar. Of course, there are no guarantees that it will perform the same or better in the week coming, but will certainly help along those who too may not have had any exposure with this as a market perspective. Once I am finished with my "Honey Do" list and have a chance to polish...

new TOY.. first week looks very promising..

like you said, if these bots sail safely through this December, i can see the potential for "normal" months in 2014.. Let's do it..!!!
  • #232
  • Edited 3:15pm Nov 30, 2013 2:50pm | Edited 3:15pm
Quoting Magix
{quote} Welcome to the Thread Kos, and thanks for the Donation!!! EAs can be used in a lot of different ways, and if nothing else, win or lose they will lend a little market perspective based on the indicators and ideas of the trade logic. The bulk of what I run are still only in test phases, only a couple of which have made it into real money traders and even on those, I am fairly restrictive.. I am just working through some finishing touches on this weeks new release, will be based on the Traders Dynamic Index. Not something I had ever played...
Thanks for the warm welcome, Magix.

My knowledge on the subject is limited, but I know there are all sorts of EAs out there. To be honest, I don't expect miracles from any of them, although I believe some might actually make money consistently. As I trade the H4 and higher, finding EAs that do work could be a good time filler. I'd like to test a few, and eventually go live with the well performing ones, as long as it's not just wishful thinking, of course.
For me it's a new interesting area to explore and experiment with, so if you or anyone here, experienced in the world of EAs could point me in the right direction, I'd be very grateful. Please PM any suggestions. Just no commercial junk, please.

I am gradually moving away from any indicators, but I did use TDI in the past and really liked it, along with the stoch.
Best of luck with your new project. I do appreciate your contributions and will be following you with much interest.

Sending my email address via PM just now
mind over matter
  • #233
  • Nov 30, 2013 3:53pm Nov 30, 2013 3:53pm
Quoting bluejack
{quote} new TOY.. first week looks very promising.. like you said, if these bots sail safely through this December, i can see the potential for "normal" months in 2014.. Let's do it..!!!

Your tester looks awesome!

What is most interesting is the breakdown of trades.

Triggering in the direction of the trend will generate a greater range for prosperity and in a sideways week like we had, the trades are almost exact in balance, tending only moderately towards the Longs.

Direction Trades Pips Profit
Longs 20 124.4 $298.44
Shorts 23 34.3 $248.28

Shorts seemed to have had to cost average a little more, where longs did better gains on both pip count and profit with a few less trades.

For a sideways week, and with a very minimal DD for lot size to account, I think this is actually a very good sign.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #234
  • Nov 30, 2013 4:02pm Nov 30, 2013 4:02pm
Quoting kosmo
{quote} Thanks for the warm welcome, Magix. My knowledge on the subject is limited, but I know there are all sorts of EAs out there. To be honest, I don't expect miracles from any of them, although I believe some might actually make money consistently. As I trade the H4 and higher, finding EAs that do work could be a good time filler. I'd like to test a few, and eventually go live with the well performing ones, as long as it's not just wishful thinking, of course. For me it's a new interesting area to explore and experiment with, so if you or anyone...
Kos,

I think you will make a really good fit here and a lot of others could benefit from your experience and current trade strategy.

From an EA standpoint, there isn't too many things that cannot be accomplished with the simple code we work with. Applying a longer time frame to the mix, it would be easy to take the current settings and modify them to meet with your current idea of Risk to Reward, with the inclusion of re-coding the actual trigger.

Because we can tell the EAs to trade either Long only or Short only or trade both directions, you could effectively use your H4 strategy and apply it to an M1 or M5 trigger base. If you believe that the chart is tending to short side, disable the longs. If you believe the chart is tending to the long side, disable the shorts. From there, it can help you trade the entirety of range, and capture the inside range of each candle as played through the individual sessions.

Or, Simply Apply the same ranges to the Stop Loss and Take Profit to the EA, set the grid to an outrageous range, and it is no longer a grid trader, but a single trigger in accordance to what you see in the H4. We may have to change the triggering to meet with your idea of what will define the trend and take the actual trigger, but that should be relatively easy.

Indicators make for nice triggers applied to the fast time frames. Oversold on a long trend is a good buy. If it fails and the grid captures a cost average trade, it really isn't much different logic than a lot of traders already employ.

I look forward to your ideas as applied to these. A fresh set of eyes is always welcomed!

And, as I typically work inside of a teaching/learning environment, there are no stupid questions and really no ideas that I wouldn't look at.

I still have a few things to tend to, but will get the rest of my code finished ASAP, and get it sent off, I have you added to the email list.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #235
  • Nov 30, 2013 6:03pm Nov 30, 2013 6:03pm
May need a global MM control...
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  • #236
  • Nov 30, 2013 7:08pm Nov 30, 2013 7:08pm
Quoting RisingSun
May need a global MM control... {image} {image}

Give THIS (http://www.ea-coder.com/download-equity-sentry-free-mt4-ea/) a Whirl.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #237
  • Nov 30, 2013 10:24pm Nov 30, 2013 10:24pm
Quoting Magix
{quote} Hey Kokitch, Welcome to FF, Welcome to the Christmas Bunch and Thanks for your donation! You've Got Mail!

Thanks for the welcome and for sending the EA so quickly. I may be new to FF but FF isn't new to me. I've been reading some of the threads on and off for at least 5 years but I guess I never bothered to sign up. Big mistake... Oh, and I just noticed you are now a "High Impact Member (top 1%)". Congrats!
  • #238
  • Dec 1, 2013 1:53am Dec 1, 2013 1:53am
Magix,

how many version of xmas bot are under testing?
  • #239
  • Dec 1, 2013 4:04am Dec 1, 2013 4:04am
Hi Magix and everyone else. I made a €5 ($6.75) donation to the Wikimedia.org. It´s a wonderfull inititative.
Thank´s a lot for your work. I´ll send you a post with my e-mail.
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  • #240
  • Dec 1, 2013 6:49am Dec 1, 2013 6:49am
Quoting armaros
... how many version of xmas bot are under testing?
two are released by Magix

, Dietmar
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