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Trapping System: Way to Fully-Automated Trading System

  • #41
  • Dec 11, 2014 4:00am Dec 11, 2014 4:00am
Quoting timtiririm
hi ardi apologees for my disapearance i tried the last ea you posted and it seems to set the trades right but it still doesn't set the SL and TP. {image} also is it supposed to close the other pending order when the first is triggered? it doesn't do that either and that would be really helpfull if it was happening. looking forward for your reply. I hope this thread doesn't die. it looks like it's only me and you ardi.
Sorry for the late reply.

No problem. No SL and TP will be set explicitly to the order, as I explained before.
The only problem is, when you start the script, we should not close the MT4 apps, because the script will keeps running over time until it is closed. The closure, is after one trade is closed, not triggered.

Most of people never interested in automated trading (read: never trust), and most of people just want to get profit big and quickly (I am one of them), then get out from it. That is the reason nobody interested in this system / method. But I will not let the thread die anyway, because this method is interesting to me. The key thing is, we just need to find the exact formula. The key formula is:

  1. Pairs
  2. Time of execution
  3. TP
  4. SL
  5. Open order type, whether LIMIT or STOP

To be honest, if you see on my tradeexplorer (on top) it shows minus (MS EURUSD and MS XAU Morning), indeed. Because I've never tested that formula before. But don't say it is not profitable...

MS XAU Morning definitely there's a chance to recover. But MS EURUSD, since it was attached with 2 formulas, need to see for a couple weeks next.

It worked with this:
XAU/USD, 06:00am GMT, TP: 50, SL:500, STOP order = true. I spent 3 months to find this formula. Basically for XAU/USD, the Volume based on Balance, you can play with 0.01, or maybe higher at 0.16 (I do set my live trading to that), but actually the potential is you can set arround 0.03. You'll get 1 time of LOSS (could be per month or per 2 months, I need to confirm that after more than 1 year doing this).
Avoid holidays, avoid NFP (although NFP is good, but sometimes it builds false signal by touching high and low of the day). My EA doesn't have the logic to avoid holidays and NFP.

Cheers...

If you ask me to code/fix your EA... it's probably not for free...
  • #42
  • Dec 18, 2014 12:24am Dec 18, 2014 12:24am
I'm trying to understand this whatever strategy is. want to ask some...

So you were saying that MS EURUSD contains 2 strategies of yours? You got reds from your strategy. does this really profitable?

But the method does interesting to know. I do interested in your "Main Trade Account", the report is quite PERFECT!
>90% winning trades... is that using the same strategy?

Trapping method, I guess no need to know what the condition is. Am I right?
OOOH...., NO ONE TOUCH MY CABBAGES!!!!
  • #43
  • Dec 22, 2014 4:35am Dec 22, 2014 4:35am
Quoting edyardy
I'm trying to understand this whatever strategy is. want to ask some... So you were saying that MS EURUSD contains 2 strategies of yours? You got reds from your strategy. does this really profitable? But the method does interesting to know. I do interested in your "Main Trade Account", the report is quite PERFECT! >90% winning trades... is that using the same strategy? Trapping method, I guess no need to know what the condition is. Am I right?
Bro, Main Trade Account is essentially the same. Only thing is I put 2 new logic, avoiding custom dates (to avoid holidays), and trailling stops logic. Basically dynamic lots we can set to 0.03 for xau, but that was too risky. If we set it to 0.03, whenever both HIGH and LOW are touched, you'd be in margin call. 0.02 is the max safest point. "Main Trade Account" is 0.16.
Profitable? Well, that depends on your settings. I think no strategy will fit 100% with any pairs. This strategy is unique for xauusd, but we'll try it out exactly the same as the author of the article I pointed out, bursainvesta.com. I see reds, some of them related to morning settings (01:00 GMT), now trying to separate it into another trade explorer.
If you ask me to code/fix your EA... it's probably not for free...
  • #44
  • Dec 22, 2014 5:31am Dec 22, 2014 5:31am
Quoting radityo.ardi
{quote} Bro, Main Trade Account is essentially the same. Only thing is I put 2 new logic, avoiding custom dates (to avoid holidays), and trailling stops logic. Basically dynamic lots we can set to 0.03 for xau, but that was too risky. If we set it to 0.03, whenever both HIGH and LOW are touched, you'd be in margin call. 0.02 is the max safest point. "Main Trade Account" is 0.16. Profitable? Well, that depends on your settings. I think no strategy will fit 100% with any pairs. This strategy is unique for xauusd, but we'll try it out exactly the same...
ok, thanks man...
I've set it up... we'll see...
OOOH...., NO ONE TOUCH MY CABBAGES!!!!
  • #45
  • Jan 4, 2015 1:10pm Jan 4, 2015 1:10pm
Quoting radityo.ardi
I finally found the same strategy that has been used by other people. Not sure whether this guy is getting a very good profit (as he claimed)... http://www.forexfactory.com/showthread.php?t=405 I've uploaded the original strategy as EA in the very first message on top.
C'mon man, you will build a system/EA based on the link you gave us (http://www.forexfactory.com/showthread.php?t=405)?
Even though I lived on the same region like you, I can tell that Merlin's thread is purely a joke...
Yes, Merlin is indeed user number 1 on Forex Factory (http://www.forexfactory.com/member.php?u=1), but everything he said on his thread is completely out of logic...

I hope in this new year, you have got a good result with your system/EA.
We all can't wait to see you to post the results, good luck
OrderSend(Symbol(),OP_BUY,10,Ask,30,SL,TP,"",0,0,clrGreen);
  • #46
  • Jan 6, 2015 11:47pm Jan 6, 2015 11:47pm
Quoting mangblekok
{quote} C'mon man, you will build a system/EA based on the link you gave us (http://www.forexfactory.com/showthread.php?t=405)? Even though I lived on the same region like you, I can tell that Merlin's thread is purely a joke... Yes, Merlin is indeed user number 1 on Forex Factory (http://www.forexfactory.com/member.php?u=1), but everything he said on his thread is completely out of logic... I hope in this new year, you have got a good result with your system/EA. We all can't wait to see you to post the results, good luck ...
No, I won't build that from the link, need to stick to my strategy..... I was just thought of another idea...

BTW, I'm planning to post another strategy that I've been using in my TE "Demo XAU MSC" and in my only Live TE. Quite interesting to post that, since that strategy is using trailling stops. But I need some more time to do fixes with that...

And I'm NOT saying that "I'm not confident with my strategy", I am following this thread as well (http://www.forexfactory.com/showthread.php?t=515891) and created 3 TEs for that, one of them returning 63% in 19 days! Still buggy, but why I'm interested to try this strategy, is basically the same with this trapping method. Only thing is this is quite rapid, multiple open positions, something like you put a net in a fishpond. Wherever the fish goes, you'll always catch it.
If you ask me to code/fix your EA... it's probably not for free...
  • #47
  • Jan 19, 2015 2:20am Jan 19, 2015 2:20am
hi there,

i been using this method for a month but manually and before i decide to search EA for this method..

the risk of this trade is that u miss to open pending order and u blindly open at middle of candle and not snr due to there is possibility that the price keep ranging there did not hit your TP but keep take your new pending order till you r out of margin to trade. but if you open the order at SNR it is less risk and much solid.

so can i request that your EA is triggered with the trendline we draw at chart? so we can draw the trendline as our snr n will triggered and order once the price is touch.

here some of my history of account using manual trade of this technique for a month.. some day i did not trade due to bz n i cant watch the order.. so i decide not trade but hey.. its almost 50% already.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 273 KB
  • #48
  • Last Post: Mar 12, 2015 8:57am Mar 12, 2015 8:57am
Hi All,
I'm no longer supporting this EA anymore. There is another EA I've been working on, which is based on the suggestion of a bro above this thread reply.
It was a good testing, and so far there's profit retrieved from this EA.

Still the idea of this EA in this thread is catered by my new EA. Only thing is there'll be additional logic such as semi-martingale series there. So in case of the price drawing back to the opposite, we still can get a profit from it.
Please check this out: http://www.forexfactory.com/showthread.php?t=524198
If you ask me to code/fix your EA... it's probably not for free...
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