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Quoting MattJohn
Sir Magix, Can you tell me where to get started with SWB Grid trading & EAs in general? & as an innocent question, Can one actually make money on a regular basis consistently by working with EAs? [do not confuse as in easy money or get rich quick]
Working with Grids, this really isn't the time of year to look to make money, but can be an excellent time to learn from their logic.

With the Christmas EAs as well as the other variants of the SWBs that have been released, there is a lot of trading styles and indicators used. These can help you understand price in relation to trends as well as these specific indicators.

Along with this, you will gain an appreciation, in testing on demo, when you can or should cut losses as well as when you can or should shut these down, take the money and run.

Between this thread and the OBOS thread (http://www.forexfactory.com/showthread.php?t=449368), there is a lot of information on how these are being used to consistently generate profits. Some weeks better than others, and appreciate that due to the fact that these work with cost averaging, you have to have a suitable sized account and apply everything you learn to specific trade pairs to match with what you consider a reasonable risk to reward.

Like every system you will come across here at FF or with any forum as applied to Forex, there is risks involved and your prosperity will always inevitably be up to you and the information that others share.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting Magix
{quote} Working with Grids, this really isn't the time of year to look to make money, but can be an excellent time to learn from their logic. With the Christmas EAs as well as the other variants of the SWBs that have been released, there is a lot of trading styles and indicators used. These can help you understand price in relation to trends as well as these specific indicators. Along with this, you will gain an appreciation, in testing on demo, when you can or should cut losses as well as when you can or should shut these down, take the money and...

I understand Sir, Thanks for your kind reply.
I'll get started with OBOS Thread.
Quoting Gvc
{quote} .... I reckon the person to expand more on his setups is Dark_Force. ------The Silent Master......
Hey Gvc

That’s true. I have been silent for some time but primarily it’s because of the nature of my work. I tend to do a lot of traveling at work and sometimes I cover 3 countries in one month. It’s quite exhaustive and I can’t find the time to effectively participate in this thread.

Talking about my settings, I must say that the bulk of my experience (from Jan’13 till now) has been with Allin5 EA which is not talked about in this thread. Allin5 has no TOE or any of the OBOS features that many of the late EAs have and it simply uses three built-in optional indicators with the TOG feature. That’s it. I only use the OsMA indicator for trading.

When I started using the EA I used the multiplication in terms of lot sizing which has proven to be quite successful in my account from Jan’13 to August’13.

Since September I started using the increments instead of multiplication in one of my real accounts thinking that it will be safer due to the uncertainties in the market at that time and this decision proved to be wrong. Currently this account is in large DD (63%) and struggling to recover due to eurjpy pair trending while the other account (using multiplication) is going fine and producing exceptional results.

The other change I recently introduced in my real account is to stick with two pairs only (eurusd & gbpusd) and I have added two EAs which are OBOS TOE & Sto1 EA working on the same account along with the Allin EA. These EAs are not new but I have seen excellent performance shared by others on myfxbook using eurusd & gbpusd.

In parallel I started testing few of the new EAs (follow the leader, STOMA … etc.) on demo account and if proven successful I will consider adding them to my EA portfolio.

Using a mini account (cent account) with a high initial investment (20K$) gave me the flexibility to start really low on the lot size with multiple EAs and slowly increase the size.

I frequently visit the thread during my spare time to follow up on the new developments and answer any queries as much as I can.

Thanks.
  • Post #624
  • Quote
  • Edited 10:54am Dec 15, 2013 10:42am | Edited 10:54am
I have set up a trade explorer and myfxbook (http://www.myfxbook.com/portfolio/harmonics/780859) link for the New Harmonics Trader (http://www.forexfactory.com/attachment.php?attachmentid=1330494&d=1387118216), and am using it on the M1 chart.

Back tests on this are incredibly slow...In real live forward testing, I don't even really know if this will trade.


So, for that reason, I am setting it to the M1 charts and trading on multiple pairs, really want to see if this thing will work and then maybe work on refining it by way of Time Frame.

As this is set to work with harmonic patterns and given the fractal nature of market, in theory, it should work on all time frames. This being said, this version is NOT a TOE trader, so will look for profits by tp_in_money or Autoprofit value if left at default.

Please note the New Spread Feature added by GVC. This not only shows the spread, but on the primary trade, will limit the first trade by a Max Spread variable. The idea behind this was so that either during market open/market roll over, primary trades are not taken on headfakes. Watch the color of the spread, if it is in red, the spread exceeds your Max Spread Settings, if in Green, all is a go!

Typically speaking, by the end of the second week of December, I shut down my charts and don't look back until January. This can be an extremely volatile time, but for shits and giggles, I will continue to test along with you.

Please keep all questions in the thread, and have a great week!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Hi Magix,

Good work!

See enclosed my donation to Kika. Organisation helping children with cancer.

regards!
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Quoting xinix1974
Hi Magix, Good work! See enclosed my donation to Kika. Organisation helping children with cancer. regards! {image}
Welcome to the Thread and Thanks for the Donation!

You've got Mail!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Hi Dark_Force

Thanks for the explanation.
My short testwork also shows the EURUSD & GBPUSD as the best pairs with AUDUSD being the one that is consistently going into DD.

Hi Magix

Do you have ADT my friend...lol...
Your Hyper....
Quoting Gvc
Hi Magix Do you have ADT my friend...lol... Your Hyper....

Well...I'm kinda looking at it like this...

After Christmas, membership to the Christmas Bot thread might not have the same appeal.

So, why not jam as much information into folk and givem their money's worth! In the New Year, the folk that visit here or OBOS will have enough information to keep them until Next Christmas!

PLUS

According to TWEE in regards to my membership and efforts here:

Quote
Your abusive and abrasive behavior has you treading on thin ice. You are causing major disruptions on the forum and it’s ruining the flow of the forums.
December 4th, 2013.

Quote
Sir, with all due respect (which is nearly zero)...I’m sick of seeing your ego disrupt FF trading environment.
December 10th, 2013

And the BEST:

Quote
The main issue with our organization is your focus. You are concerned about forum members which I applaud however, your only concern should be about trading and focused trading discussion. While creating the donation thread is an awesome and generous idea, It again can be distracting when 100% attention to detail and focus has needs to be committed to trading.

So, as you see...
My time here may be a lot more limited due to me being a total dick than for reasons of my health.

Of course, if you know anything of me from WWI or here...

I say FUCKEM!

And gunna keep doing what I do, anyways!



We are unofficially over $2500 in donations, Officially at $2375, not to mention finding out how many of our friends give a monthly contribution. Let's see where we can get to before management no longer extends their welcome!

As a group, you are not allowed to learn anything here and donations are a disruption. So far, this is the OFFICIAL word from ForexFactory.



Personally, I applaud all of the efforts and contributions and will fully encourage and support you as long as they let me!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Well I for one say that you are doing a damn fine job.

You have taken this SWB system to a level that few people thought was possible.

The benefits that traders derive out of this system is invaluable.

Keep the flag flying......
Quoting Gvc
Well I for one say that you are doing a damn fine job. You have taken this SWB system to a level that few people thought was possible. The benefits that traders derive out of this system is invaluable. Keep the flag flying......
In not wanting to make it seem like I am an attention whore, or steal the credit for all of the efforts from others who have brought value here...

If it wasn't for Dark_Force (http://www.forexfactory.com/dark_force), my sharing of these would have ended at WWI.
If it wasn't for member contributions from:
harry45 (http://www.forexfactory.com/showthread.php?p=7036912&highlight=harry#post7036912), tazmaan (http://www.forexfactory.com/tazmaan), moncsicsi78 (http://www.forexfactory.com/moncsicsi78), cescof (http://www.forexfactory.com/cescof), mrpip05 (http://www.forexfactory.com/mrpip05), okehiedon (http://www.forexfactory.com/okehiedon), AlbertoFX (http://www.forexfactory.com/showthread.php?p=7006662&highlight=albertofx#post7006662), acosma (http://www.forexfactory.com/showthread.php?p=7006801&highlight=albertofx#post7006801), alasdeaguila (http://www.forexfactory.com/showthread.php?p=7035862&highlight=albertofx#post7035862), mightymatt (http://www.forexfactory.com/mightymatt), piratesg (http://www.forexfactory.com/piratesg), H_Sapiens (http://www.forexfactory.com/h_sapiens), Kamikazepips (http://www.forexfactory.com/kamikazepips), energetic (http://www.forexfactory.com/energetic), Matrix8756 (http://www.forexfactory.com/matrix8756), nitrate73 (http://www.forexfactory.com/nitrate73), Chairman (http://www.forexfactory.com/chairman), kosmo (http://www.forexfactory.com/kosmo), bluejack (http://www.forexfactory.com/showthread.php?p=7156200&highlight=bluejack#post7156200),and others who have in private or public tried to assist in suggestions on logic...

Yourself (http://www.forexfactory.com/gvc), Chairman (http://www.forexfactory.com/chairman), piratesg (http://www.forexfactory.com/piratesg), and those who have assisted others by way of code or instructions.

All of those who Joined FF to be a member of the thread...
Other senior members who have stopped in to either be a part of or post knowledge on...
All of those, who number over 100 to have made a charitable contribution...
Everybody who shares their results through the trade explorer feature or myfxbook
And all of those silent members who are in the testing stages, of which, on the HATDaily.rar number over 1000, as well as the previous folk to have downloaded other versions which number over 3000...

For a site that is based on and prides themselves on both membership:
Discover FF’s 275,000+ Members (http://blog.forexfactory.com/?p=2779)
And the fact that these members have brought them to this achievement:
FF breaches top 1,000 websites (http://blog.forexfactory.com/?p=2734)

Where would they be, without others like each one of us?


You would almost assume that continued efforts and something like a thread that is based on Charitable Donations, would be a good thing. Not viewed as a "Distraction".

You would think that members continuing to help and support others like minded would be commended, not scorned because my our concerns should be trading and trade discussion...forget about lending yourself to anybody!

Especially because this is information that will continue to be passed along and bring others here, because it is TRADE SPECIFIC information.

I don't just see it as a slap in the face for what I have tried to achieve, I see it as the Business of FF having no appreciation for those who help them pay the bills and derive a paycheck.

Shameful if you ask me...

(if you have made efforts for either of my threads and have been missed in the credits, I apologise)
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • Post #631
  • Quote
  • Edited 10:49pm Dec 15, 2013 10:22pm | Edited 10:49pm
Hi Magix,

This thread is fun and different and nobody forces anyone to stop by and so far I haven't seen anyone complaining about any "donadistraction" , and with all due respect ..... FF management are giving you a lot of BS !!
the market is not random but anything can happen.
Quoting Magix
{quote} In not wanting to make it seem like I am an attention whore, or steal the credit for all of the efforts from others who have brought value here...
Distraction !!!

Magix,
Our journey to success will continue whether in WWI or FF or anywhere else.
As long as we have the motivation & vision we will keep it going.
Thanks.
Quoting Dark_Force
{quote} Distraction !!!
So sad to hear what they said..

I say don't mind them & keep on with the exceptional work you guys are doing, Top notch

All the best,
OWAM
I find there is no "DISTRACTION" in this thread.

Donations are given out anyway . What they mean by DISTRACTION?

Thank you Magix for coming up with this noble idea.
I have moved the new Harmonics trader over to the M5 charts after confirming triggering on the M1. Early in the week and as we have all seen these things like to fall apart near the end of week and with Year End being as close, I am really not expecting much.

What I do think it cool, is that the ea Drags the Properties from the indicator to the chart without needing to be attached.

It will be interesting to see how this pans on the M5 or see if larger ranges will pay better on the larger time frames.

Anybody testing larger than M5 for TFs?
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting Magix
I have moved the new Harmonics trader over to the M5 charts after confirming triggering on the M1. Early in the week and as we have all seen these things like to fall apart near the end of week and with Year End being as close, I am really not expecting much. What I do think it cool, is that the ea Drags the Properties from the indicator to the chart without needing to be attached. It will be interesting to see how this pans on the M5 or see if larger ranges will pay better on the larger time frames. Anybody testing larger than M5 for TFs? {image}...
Looking good. Will set it up today for M30.. You have any suggestions with the range and other settings..?
Quoting bluejack
{quote} Looking good. Will set it up today for M30.. You have any suggestions with the range and other settings..?
I like the shorter ranges, get in and out of profit quicker...so for my tester, I have tp_in_money set to $1 and have the trailing profit shut down.

Moving to the M30, I would say that you could or should be able to at least double this and still have it be fairly consistent.

Admittedly, my only real experience with these hasn't exceeded the M5 charts, so I really couldn't tell ya...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting Magix
I have moved the new Harmonics trader over to the M5 charts after confirming triggering on the M1.
I've ever dabbled with trading with harmonics , all i can say is, the higher the TF , the higher probability of the pattern playing out like its suppose to, its riskier if u trade them off timeframes lower than 1hr. Plus , higher tfs , the risk to reward ratio is better. Just my experience.

Edit:
Actually till this day, i still have a chart which i refer to from time to time, just to scan for harmonics patterns as i switch thru the TFs, for trade confluence. I just keep it minimised as these patterns don't happen all the time in the higher tfs
You gotta know when to hold 'em, know when to fold 'em ...
Quoting nitrate73
{quote} I've ever dabbled with trading with harmonics , all i can say is, the higher the TF , the higher probability of the pattern playing out like its suppose to, its riskier if u trade them off timeframes lower than 1hr. Plus , higher tfs , the risk to reward ratio is better. Just my experience. Edit: Actually till this day, i still have a chart which i refer to from time to time, just to scan for harmonics patterns as i switch thru the TFs, for trade confluence. I just keep it minimised as these patterns don't happen all the time in the higher...

Working the Longer Time Frames is indeed a way to reduce risk, there really is no arguing with this as logic.

With that being said, because grid traders are cost averaging based on both signal and range, they actually do require a regular trigger. Harmonics, like market, as near as I have been able to see through the use of the attached indicator as well as from past studies are Fractal in Nature.

Meaning, the different time frames will have the same patterns and the only real thing that should change is the range of play.

The M1 charts will almost always be subject to taking more headfakes no matter which methodology is used, and even in these, we are still dependent on when they do take trigger, if they going to play a range greater than the spread...this in itself lends to the idea of working with a minimum M5 time frame. Given the S/R zones created by the Gartley patterns, the M5 will inevitably create a greater range for the chances of the minimal Take Profit points, and when moving to the larger time frames, these patterns should produce larger ranges.

All honesty, I spent some time working with Harmonics, without the use of the indicators. Until now, I haven't seen it in action. When working out these ranges on the smaller time frames, you actually get to commit more time to figuring the patterns out than do to trading. If in the event that you took a false trigger, you would again need to spend an awful lot more time to either figure out a cost average position or just continue to close out negative trades because of a miss-read.

I am a fast chart trader, by patience level alone. Though I study the higher time frames to watch for what I deem Crucial Market Turning points, I still take triggers off the M1-M5 charts. Harmonics and my level of patience, just don't work well together.

So, now that the tool is available and we have a trigger and cost average trader...we can actually assess the market by means of ranges to time frames for improving the probability of success for this idea.

In this alone, I could add to the knowledge I already have about the system, or just apply it as a primary trigger to the larger time frames with a larger size lot and hold for a little better ride.

Really, in the SWB variants that I have played with and released, I don't think there is a single one that will add more perspective to market than the Harmonics trader, from a personal standpoint.

It's cool.

And I'm excited!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Magix,

What you do is noble, exceptional and very much appreciated. From what I read here at FF, in the eyes of many Senior Members, the only distraction for this site from being committed to trading, is the management themselves.

Anyway, let me say 'Thank You' with a song. Just one, not to cause too much distraction...

http://www.youtube.com/watch?v=OqPVz101nd0

Keep Calm and Carry On
mind over matter
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