Extracted Thread (per thread starter's request)

Magix,

Is there a link to the myfxbook of MrPips's demo?

Vincent

Mr.Pip05 (http://www.myfxbook.com/members/mrpip05)

Magix,

Thanks

My bad, dude.

Sorry.

I added it to the first link. Link is still on OBOS, but that don't help folk here.

Thanks for the remind!

Here is my link for the 5 min TDI

https://www.myfxbook.com/portfolio/5min-tdi/784188

Brian

Mrpip,
Is everything default except the lot size on this? Appreciate your reply.

Thanks

D.Snizaruk (http://www.forexfactory.com/d.snizaruk)

Welcome to the thread and Thanks for the Donation!

Please send me your Email Address and I will forward you the Christmas EAs.

Thanks

Sandervh (http://www.forexfactory.com/sandervh)

Welcome to the thread and Thanks for the Donation!

Please send me your Email Address and I will forward you the Christmas EAs.

Thanks

Another profitable week for my two favourite bots. And what a week it was! Thanks, Magix

Great weekend all

Magix,

I'm a 1st time user at FF, I couldn't resist. Great idea with the donations.....you have inspired me to contribute. Keep up the great work.

I have sent you a PM.....Here is my donation.

The Royal Children's Hospital Foundation, Melbourne

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Sunday, 22 December 2013

Thank you for donating to The Royal Children's Hospital Foundation Limited

[justify]Dear Rob,[/justify]

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Date

22/12/2013

Receipt

AUD33353360

Amount

$30.00

Name

Mr Rob Capito

Address

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This donation was made as a gift. Donations over $2 are tax deductible.

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Rob4X (http://www.forexfactory.com/rob4x)

Welcome to FF and the Thread Rob!

Thanks for the Donation!

You've got Mail!

Magix

Thanks for this thread and for all the efforts and revisions that are working towards a reliable system!

I was just thinking about the setting for "range" and wondering if there may be a better way of doing this than making it arbitrary. I understand we can back test and optimize but for some bots such as the "harmonics bot" (which looks promising) this is painfully slow. Not only do the average daily ranges of individual pairs change over time but the different pairs vary significantly one to another in their ADR's making a one size fits all grid spacing seem less than optimal. I was thinking that perhaps the overall results may be better if the grid spacing could vary according to ADR. Just wondering if it would be difficult to code the range pip value based on a variable ADR multiple? I guess you'd need 2 settings: ADR period and ADR multiple to set the range. Just a thought.

Best of the Season and thanks again

Hey Telac, all ideas are welcome and especially if it is in waters that I am not familiar.

This lends itself to outside of the box thinking where others get to define the box!

ADR, I am not sure which indicator you are actually referring, so if you could be more specific on this, it would help.

I am currently working with another trader with the use of the ATR, Average True Range to help define ranges, but we are not yet solid on the actual direction. There are several ways that any indicator of market movement can be applied and if I am unfamiliar with the idea behind and the indicator used, it takes some time to research and come up with the coding involved.

ADX is another one of the indicators I am currently working with to try and eliminate buying tops and selling bottoms.

Restricting the range in some cases or restricting the triggers can too prove it's own merits.

As for the range being arbitrary, I agree...and this is one of the ideas that I have been working with in allowing the Market to define the dynamic range by using the Trigger on Grid as well as the Trigger on Exits.

Think of a standard EA, non grid, something of which we can actually use a lot of my SWB variants to trade.

It will take a trigger, and either close at profit or close at loss and the success will infinitely be defined by how great of trigger is coded as well as how well it plays with the trend.

Add to this, the idea of cost averaging. There too are several EAs that will add several positions based on market movement and use time instead of a grid to take these triggers. Problem with these is that they can cost average so many positions in a tight range that if and when market moves against them the first time, they get absolutely hammered!

Now, come to where we are right now.

With all variants that I have released, to a certain extent they are all the same, but a little bit different. The triggering with and against the trend can make these incredibly prosperous in sideways channels and in the case of the Harmonics, stand to be prosperous on break outs and trends, relatively speaking. If we limit the range to take faster profit, we eliminate the number of ranges that gets hit, but minimize our profits. If we trigger on exit, in some cases we can extend the range, but increase the risk because of trades being in profit and slipping back into loss because of no Exit Trigger. We can set in a trailing stop loss so that once in profit we close these positions on trail to lock in profits, problem being is that the cost average may not close some of the positions leaving these deep in the red.

So, which direction do we head to get this more to the way it could be a 100% uninterrupted fully automated trader with minimal risk?



We are Dynamic range based on a static minimum for Entries.
We have multiple ideas on Exit, both with Stoploss, Take profits, trailing and trigger exits.
We have several ideas that work with trend and against...

Where do we go from here?

Excellent question.

You tell me.

Throw down a chart and your idea of a way to make this better, and I can see if I can code it in. What's really the worst thing that happens? We waste a week forward testing and decide to wash the idea and move onto another? Shit, that's a fair deal. The best that can happen is that we incorporate the idea and it gets us all one step closer to our goal if not just lending the knowledge of another market perspective, indicator based.

Win Win if you ask me.

I am going to be a little taken with the season and trying to get back into something that resembles good health...you've got time. Throw down the ideas and as I have them come up, will see if and how to incorporate.

All the best to you and yours this festive season!!

Thanks for the reply Magix,

I will put my ideas down as visually as possible when I get some spare moments - however for the moment I have been tasked by friends and family to be more than passively involved in festive food preparations etc - so for now that is my focus whether I like it or not: Actually....things can be a lot worse
Cheers

We have a whole new year we can use for focus.

The time with family and friends, easily takes precedence.

I see that you have to remove FTL of make out a test.
Actually, the problem with this EA it is the way it manages the losses.
I tested it and he brought me gains quickly and then hebadly managed some losses where from my previous questions on the management of the SL and TStop

I think that by changing the way he manages entries and losses he can be very good by applying a method of an exponential pyramiding. That I am going to develop. She was used in demo by a person several weeks before using it in reality

I don't see no problem with the bots......
Stock standard settings with no SL / TP.....Only AutoProfit.....

The worst day was 19/12/2013 = -13%.
This was due to the AUDUSD. However if i had the patience and left it as it was then it would have closed in profit.

Overall my account is up 57% since started......

Opening first position with a S/L 35 pips and T/P in no importance tell pips 250 to see more!
Trailing Stop on the 1st position in pips 5 only = relatively limited risk.
Opening of the second position as soon as T / STOP starts for the first position with the same conditions openings of the other positions: the same thing with several positions as much as your limit of margin allows it.
After a while the available margin are very fast going to progress and you can then increase the size of prizes(lots) to cross them from 0.1 to 0.2 then 0.4 etc. according to the progress of trades.
You will have understood it, it is very here about an exponential pyramiding and that progresses obviously very very fast.