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  • #881
  • Jan 15, 2015 6:39am Jan 15, 2015 6:39am
@pipster

Congratulations! Your baby has doubled my demo in just over a month.

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@dgodfrey

Congratulations! Yours has done the same in just under two weeks!

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mind over matter
  • #882
  • Jan 15, 2015 6:57am Jan 15, 2015 6:57am
Quoting kosmo
I still think it'll have a go at $1250 sometime soon (technically possibly even up to $1265, albeit not necessarily in a straight line, lol!).
UPDATE:

Finally, a nice straight move well over $1250 (as far as $1260.96 on my chart), most probably sponsored by the rally in oil prices, which weakened the dollar.

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mind over matter
  • #883
  • Jan 15, 2015 7:08am Jan 15, 2015 7:08am
Quoting dgodfrey
Here's hoping for some kind of big move, anyway.
As far as I can see, today's move up and the added steps managed to bring your DD down to around 10%, but it still hasn't cycled, has it? Let's see if we can get to $1265... that should help.
mind over matter
  • #884
  • Edited 9:53pm Jan 15, 2015 7:33am | Edited 9:53pm
Way to go, Kosmo! Your advice yesterday was timely, to say the least! I manually recycled my 2.1 account this morning, I had put the target way out there and it just missed triggering. But it was quite an improvement over where it was before, that's for sure.
A good man knows his limitations ~ Clint Eastwood
  • #885
  • Jan 15, 2015 7:42am Jan 15, 2015 7:42am
http://www.kitco.com/images/live/nyg...07787682455684

yay for everybody else. I've got only a few sell pending orders left, but all buys are opened...mucho DD.

So, dgodfrey, lets pretend I want to close the unhedged in-profit trades, and pay off hedges, so to speak, at the current price, since all buys are in profit. Would you just close the 5 highest profit buy orders, then calculate how many hedged orders to close to equal a small net profit? Then leave all my other orders open, while opening a new grid?

~Kosmo...superb! what are your settings on the BET version? I see the grid spacing seems to be $1. I'm thinking the $10 entry points are a very good idea combined with good buffer.
Too close for pips, switching to points.
  • #886
  • Jan 15, 2015 7:50am Jan 15, 2015 7:50am
When I've been backtesting the EA I'm working on to test this (not that it's really functional right now in all aspects) I do notice a run on effect - the steady accumulation of hedges, rather than them getting paid off. It seems (with the new EA) that it can never make quite enough to pay off the old debt, which piles up until the account is drained.

So that being said, I wouldn't advise you to follow that route ATM. I just don't know yet whether it's as constructive as the old method.
A good man knows his limitations ~ Clint Eastwood
  • #887
  • Jan 15, 2015 8:01am Jan 15, 2015 8:01am
OMG!!!!

I just read the news on CHF!!!!
I wonder if anybody had some shorts on it. That's what happens when a central bank has too much control, IMO. When they let it slip, all the artificial facade is stripped away! Well, that explains some of the big moves lately...looks like the EUR went down 500 pips in a flash, too.
Too close for pips, switching to points.
  • #888
  • Jan 15, 2015 9:24am Jan 15, 2015 9:24am
Quoting dgodfrey
Way to go, Kosmo! Your advise yesterday was timely, to say the least!
As was your coming up with the script! Glad to be of service.
mind over matter
  • #889
  • Jan 15, 2015 9:35am Jan 15, 2015 9:35am
Quoting Thepipster
Kosmo...superb! what are your settings on the BET version? I see the grid spacing seems to be $1. I'm thinking the $10 entry points are a very good idea combined with good buffer.
txt5=Percent of account to trade
TradeAmount=1.0
txt6=FixedLots forces lot size if set >0
FixedLots=0.0
txt1=Use unique number to ID this EA instance
unique=120
txt2=Enter Spread, Buffer, GridStep in cents
Spread=10.0
Buffer=50.0
GridStep=100.0
NoOfSteps=30
str7=Enter price trigger spacing in whole dollars
PriceGrid=10.0
Sensitivity=50.0
MinGridGain=10.0
txt4=Set true to enable slippage protection
UseSlippage=false
Slip=50.0
txt3=Target as percentage of account balance
Target=4.0
EquityLossMultiple=9999.0
LineColor=55295
LineWidth=2
LineStyle=0
text5=Set true to wait on clock to start
UseTimeToStart=false
StartingHour=11
StartingMin=30
StoppingHour=11
StoppingMin=29


I'm not too sure about the wide buffer theory, though. After all, we want to be in as close to the $10 level as possible, counting on price moving away from it. There's always the risk of picking up some hedges anyway, and if so, the wider the buffer the greater the hedge loss to overcome.
mind over matter
  • #890
  • Jan 15, 2015 9:56am Jan 15, 2015 9:56am
Quoting kosmo
{quote} I'm not too sure about the wide buffer theory, though. After all, we want to be in as close to the $10 level as possible, counting on price moving away from it. There's always the risk of picking up some hedges anyway, and if so, the wider the buffer the greater the hedge loss to overcome.
Thanks...The buffer, I think, has a window of usefulness to it. If it's too big, than yes, the gap is too big to make much sense to overcome. But, too small, and a hedge is practically guaranteed, which is more negative loss to have to overcome, too.
If we had a $3 buffer, that is $6 loss to overcome to beat one hedge. If we had a $1 buffer, but had 3 opposite trades opened before price moved far enough to hit profit target, we would have to overcome a total of $6+$4+$2=$12 loss to profit...see?
Too close for pips, switching to points.
  • #891
  • Jan 15, 2015 10:43am Jan 15, 2015 10:43am
Quoting Thepipster
{quote} Thanks...The buffer, I think, has a window of usefulness to it. If it's too big, than yes, the gap is too big to make much sense to overcome. But, too small, and a hedge is practically guaranteed, which is more negative loss to have to overcome, too. If we had a $3 buffer, that is $6 loss to overcome to beat one hedge. If we had a $1 buffer, but had 3 opposite trades opened before price moved far enough to hit profit target, we would have to overcome a total of $6+$4+$2=$12 loss to profit...see?
Very true... So, the question is, what's the optimal 'window'? Anyone?
mind over matter
  • #892
  • Jan 15, 2015 10:53am Jan 15, 2015 10:53am
Quoting kosmo
...technically possibly even up to $1265...
Game plan completed, $1265 hit, what's next? Top of the channel $1275-1280, after a retest of $1250? One thing's for sure; we will find out, eventually.
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mind over matter
  • #893
  • Jan 15, 2015 12:53pm Jan 15, 2015 12:53pm
Quoting kosmo
{quote} Very true... So, the question is, what's the optimal 'window'? Anyone?
Last night on the SR version I was working on I was backtesting to see if some variables were functioning as they are supposed to (they weren't, lol). But one thing I put in to reduce the hedge load was a buffer setting of 600, which allowed a window $6 to either side. I was getting very few hedges, and it seems that once it gets past that point it "wants" to go to the next $10 line, almost attracted to it. I had to bump up the lotsize to allow it to trade enough volume to make any money, but it seemed like an idea worth trying.
A good man knows his limitations ~ Clint Eastwood
  • #894
  • Jan 15, 2015 1:26pm Jan 15, 2015 1:26pm
Quoting dgodfrey
{quote} Last night on the SR version I was working on I was backtesting to see if some variables were functioning as they are supposed to (they weren't, lol). But one thing I put in to reduce the hedge load was a buffer setting of 600, which allowed a window $6 to either side. I was getting very few hedges, and it seems that once it gets past that point it "wants" to go to the next $10 line, almost attracted to it. I had to bump up the lotsize to allow it to trade enough volume to make any money, but it seemed like an idea worth trying....
A $12 negative to overcome might be better than 12+10+8+6+4+2=$42!!!
Too close for pips, switching to points.
  • #895
  • Jan 15, 2015 3:00pm Jan 15, 2015 3:00pm
Quoting dgodfrey
{quote} Last night on the SR version I was working on I was backtesting to see if some variables were functioning as they are supposed to (they weren't, lol). But one thing I put in to reduce the hedge load was a buffer setting of 600, which allowed a window $6 to either side. I was getting very few hedges, and it seems that once it gets past that point it "wants" to go to the next $10 line, almost attracted to it. I had to bump up the lotsize to allow it to trade enough volume to make any money, but it seemed like an idea worth trying.
Yep, I see what you're saying. Thanks, will give it a go.
mind over matter
  • #896
  • Jan 15, 2015 3:13pm Jan 15, 2015 3:13pm
Hope no one here is/was with Excel Markets... more from forexlive. It might only be the tip of the iceberg...
mind over matter
  • #897
  • Jan 15, 2015 3:44pm Jan 15, 2015 3:44pm
Never underestimate retail traders! LOL!

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From here.
mind over matter
  • #898
  • Jan 15, 2015 4:41pm Jan 15, 2015 4:41pm
It's interesting that Gold closed sustaining it's rise, but oil went right back down....EUR in the tank.
Too close for pips, switching to points.
  • #899
  • Jan 15, 2015 6:30pm Jan 15, 2015 6:30pm
Yeah, it's pretty bad cause of course most traders would have been long at EURCHF at 1.20, where the Swiss had it pegged, waiting on a little bump in the only direction it could go. Until the Swiss yanked out the rug - voila! - and you get that instant 2000 pip sinking feeling.
A good man knows his limitations ~ Clint Eastwood
  • #900
  • Jan 16, 2015 7:44am Jan 16, 2015 7:44am
EA cycled on that push up but new trades are now disabled on my Alpari UK account... grrr...
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