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Non-Indicator Trade Robot (Free Give away w/ Code)

  • #661
  • May 21, 2014 8:24pm May 21, 2014 8:24pm
Quoting Spar
{quote} Hi Kimlie0401 No other settings changes are required if you increase to 1 lot. Beware however that any settings beyond 0.1 lots at this point is useless as the account will blow to fast before you can take out your initial capital. Even at 0.1 lot, it is unsustainable with one pair....just imagine with more than one pair. See below results of back tests for the following pairs. These results are based on historical data downloaded from Dukascopy (M1, M5 and M15) and tested on a $10,000 demo account with the standard settings and 0.1 lots...

I agree. Need to find different approach and get rid of martingale.
Holy grail, pls pm
  • #662
  • May 21, 2014 8:29pm May 21, 2014 8:29pm
Quoting iamgotzaa
{quote} I agree. Need to find different approach and get rid of martingale.
Go Millipede.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #663
  • May 21, 2014 8:51pm May 21, 2014 8:51pm
Quoting Magix
{quote} Go Millipede.
what is it? Millipede
Holy grail, pls pm
  • #664
  • May 21, 2014 8:57pm May 21, 2014 8:57pm
Building an equity millipede

http://www.forexfactory.com/showthread.php?t=245149

gotzaa saw my PM?
  • #665
  • May 21, 2014 8:59pm May 21, 2014 8:59pm
Quoting Needy
Building an equity millipede http://www.forexfactory.com/showthread.php?t=245149 gotzaa saw my PM?
yep

thanks
Holy grail, pls pm
  • #666
  • May 21, 2014 9:04pm May 21, 2014 9:04pm
Quoting iamgotzaa
{quote} what is it? Millipede

Manage each trade separately for profit and never increase the size.

Under the basic assumption that price will eventually always make it back to where it started, as long as you are not buying absolute tops and selling absolute bottoms, you should be able to generate a forever hold...

With these, you have the option of closing manually if the draw gains to great, or can implement a major draw close per position. ie, if Profit>=-75 Close Position.

This way, end of week, you are truly testing if your idea of triggering is actually valid.

Appreciating that you have your own triggering methodology, applying this to a grid under a "Guessed", range for adding trades is suicide. These can easily create the death candle and range. Working with a Trigger on Grid can help solve this problem as well as make the chart work more dynamic than would work Statically guessed.

So...your trigger takes a position...
And price goes against...
You've set a minimum trigger range and only when this range and the trigger are present can it take another position.

Eventually, price will make it back to one, if not both positions, but if it doesn't, you cover your ass on MM and as they are both the same lot size, you are not multiplying your misery.

Trade 1 = .01.
Trade 2 = .01.
Trade 3 = .03.

Depending on your time frame, trigger and range, you may not see a lot of trigger or trades per week, but you will see that when the trends kick in, that some of your positions will move greatly into profit.

Trail this profit by percentage of net gains and close on the slide.

If your trigger is good, and I have been watching, it does work well...you will see that a lot of your trades come clean, you can add a lot more positions and though this will not generate hundreds of percent per week, it will be the slow and steady growth.

In the event that the trades get out of control...close all and start fresh weekly...

Without manually closing positions and without any MM, here is an idea of what millipede equity curves look like. HERE.

This is off of the M1...and really, my first attempt at a millipede. My current one, I believe will run a lot better, and definitely keeps your from being wiped out on any single market movement.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #667
  • May 21, 2014 9:09pm May 21, 2014 9:09pm
Quoting Needy
Building an equity millipede http://www.forexfactory.com/showthread.php?t=245149 gotzaa saw my PM?

Perfect link, dude!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #668
  • May 21, 2014 9:22pm May 21, 2014 9:22pm
thank you very much! magix Needy

interesting

gotta go to cave and start working on code again
Holy grail, pls pm
  • #669
  • May 21, 2014 9:25pm May 21, 2014 9:25pm
actually

my ultimate idea of using this feb10 ea is.. something like this
Attached Image (click to enlarge)
Click to Enlarge Name: mission+control.jpg Size: 201 KB
Holy grail, pls pm
  • #670
  • May 21, 2014 9:26pm May 21, 2014 9:26pm
My trailing logic sucks....HARD!

But the triggering is Grand....M1 Millipede after this weeks exodus on AUDUSD...

Only been running this for just over a week...Huge gains? No...Huge losses? No...

Risk free? Kinda....
Attached Image (click to enlarge)
Click to Enlarge Name: millipede.png Size: 26 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #671
  • May 21, 2014 9:41pm May 21, 2014 9:41pm
Quoting Magix
My trailing logic sucks....HARD! But the triggering is Grand....M1 Millipede after this weeks exodus on AUDUSD... Only been running this for just over a week...Huge gains? No...Huge losses? No... Risk free? Kinda.... {image}
Nice,

I got the idea now.

Quick skim thru the thread. Need to take my read on my iPhone to toilet now (and meditate)
haha
Holy grail, pls pm
  • #672
  • May 21, 2014 9:42pm May 21, 2014 9:42pm
Quoting iamgotzaa
thank you very much! magix Needy interesting gotta go to cave and start working on code again
Drop a brother a line...

I'd be happy to mash some ideas together with ya!

You've got my email addy, dontcha?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #673
  • May 21, 2014 9:55pm May 21, 2014 9:55pm
Quoting Magix
{quote} Drop a brother a line... I'd be happy to mash some ideas together with ya! You've got my email addy, dontcha?
u e-mail me?
Holy grail, pls pm
  • #674
  • May 21, 2014 11:50pm May 21, 2014 11:50pm
Quoting iamgotzaa
{quote} I agree. Need to find different approach and get rid of martingale.

Hi Gotzaa

I hope you did not perceive my last post as negative. Your algorithm was actually very intriguing from the start and I definitely appreciate your logic and constant shared efforts.

I still think you are onto something here for scalping rather than long term trades (as short term trading fluctuates so much intraday and ZigZag seems to be prevailing versus trend). Although I personally prefer trading manually, I am looking forward to your ideas and logic with respect to this EA which may prove to be stable.

A+ and thanks for sharing as always.
  • #675
  • May 21, 2014 11:57pm May 21, 2014 11:57pm
hi, iamgotzaa

i am trying your ea - feb10v66c_fix with demo account on xm.com

current open trade as belows,
Attached Image (click to enlarge)
Click to Enlarge Name: feb10v66c_fix-20140522.png Size: 216 KB


may i ask you, how it would decide to close a profit position?

thanks...
  • #676
  • May 22, 2014 2:10am May 22, 2014 2:10am
Quoting zuzaki
hi, iamgotzaa i am trying your ea - feb10v66c_fix with demo account on xm.com current open trade as belows, {image} may i ask you, how it would decide to close a profit position? thanks...
it use trailing stop loss mechanism

e.g.

single position
if profit >8 pips
move stop up over breakeven by+3pips

then if distance from market quote more than stop loss than 8pips again
move stop up +3pips

and continue until stop loss is hit.



multiple positions:
or recovery mode

it will set the tp for all positons

but there is a hold state

is where cummulative positions are in profit then (speculate) that the market would continue to gain more pips, so it keep move up the tp& sl every bar M15, until one is hit. But multiple positions modify order does not work well. So you can see it hold the positions like that.

need to manually close them
Holy grail, pls pm
  • #677
  • May 22, 2014 2:20am May 22, 2014 2:20am
Quoting Spar
{quote} Hi Gotzaa I hope you did not perceive my last post as negative. Your algorithm was actually very intriguing from the start and I definitely appreciate your logic and constant shared efforts. I still think you are onto something here for scalping rather than long term trades (as short term trading fluctuates so much intraday and ZigZag seems to be prevailing versus trend). Although I personally prefer trading manually, I am looking forward to your ideas and logic with respect to this EA which may prove to be stable. A+ and thanks for sharing...

don't worry

there is a pitfall in martingale, I know it all along. still try to find a way to control it.
Holy grail, pls pm
  • #678
  • May 22, 2014 2:41am May 22, 2014 2:41am
Dear iamgotzaa, dear all

My experience with all Grid- and martingale-based EAs is the following: they will blow your accounts once a day. 100% shure. But I found a way to use them in a saver way:

I'm using this way with the milestone- forex-hacked- and even since some weeks with imgotzaa's ea (thank you for your work).

1.) Identify the overall trend on D1 or Weekly-chart.
2.) Let them only trade in this particalur trend (using the only long or short dropdown box in the common-tab in the EAs propterties). I'm to lazy to modify the code of the EAs, since this trend doesn't usually change often.
3.) Start after big political fundamentals (FOMC, ECB decisisions). NFPs had not much importance in the last month's. But they could also be a big market mover.
4.) Stop one week before FOMC and ECB fundamentals. On these weeks you can trade in both directions, but with lower lotsizes.

This is in my opinion a way to control them. The hard way is to identify the trending or ranging market on the D1 using an EA

Best regards PBPTaker
  • #679
  • May 22, 2014 3:55am May 22, 2014 3:55am
Quoting iamgotzaa
{quote} it use trailing stop loss mechanism e.g. single position if profit >8 pips move stop up over breakeven by+3pips then if distance from market quote more than stop loss than 8pips again move stop up +3pips and continue until stop loss is hit. multiple positions: or recovery mode it will set the tp for all positons but there is a hold state is where cummulative positions are in profit then (speculate) that the market would continue to gain more pips, so it keep move up the tp& sl every bar M15, until one is hit. But multiple positions modify...
thanks for your prompt respon..

is trailing stop loss always 8pips for every pairs or it retrieves the value from the broker for each pairs?
coz, i dont see any trailing stops and i have to set it manually from mt4
  • #680
  • Edited 6:47pm May 22, 2014 4:26am | Edited 6:47pm
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