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3 different targets system on GJ

  • #41
  • Mar 27, 2015 9:49am Mar 27, 2015 9:49am
It also definitely needs some kind of order expiration time.
  • #42
  • Mar 27, 2015 10:08am Mar 27, 2015 10:08am
Hi,

Thanks for the system.
I've tried to BT the EA and it blows with the default settings (I tried to BT it from 01.01.2015 to date).
Any advice, please?


Thanks.
  • #43
  • Mar 27, 2015 12:47pm Mar 27, 2015 12:47pm
Quoting oladinpeter
{quote} Thanks for the system, Nik13, I just want to ask what is the winning percentage of this trading system, 60%, 70%, 80%or what?

No problem

Ps, have no Idea, but I'm always looking for LowDrawdown - HighProfit - ManyPosition - Statistical - EveryXhouropening systems, that means my system can make from up to 100% a day theoretically, but practically it's impossible.
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  • #44
  • Mar 27, 2015 12:51pm Mar 27, 2015 12:51pm
Quoting B-Naire2B
It also definitely needs some kind of order expiration time.

Yup,

Well, I think 0.01 for 1K is pretty good lot size
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  • #45
  • Mar 28, 2015 4:47am Mar 28, 2015 4:47am
Ok guys, some changes in system.

One friend of mine told me
Quote
The only thing that gives drawdown in my opinion is a period of trend change. Other than that it accumulates lots beautifully.
and he is right.

So we need 3rd MA.

Period 19

Simple

Close

Trade long when 50 and 19 are higher than 66, and price is higher than 19 MA. (no trades, if price is higher than 50 but lower than 19)

Trade short when 50 and 19 are lower than 66, and price is lower than 19 MA ( no trades, if price is lower than 50 but higher than 19)

uafx, can you add this setup to your EA please?
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  • #46
  • Mar 28, 2015 5:29am Mar 28, 2015 5:29am
Quoting Nik13
Ok guys, some changes in system. One friend of mine told me {quote} and he is right. So we need 3rd MA. Period 19 Simple Close Trade long when 50 and 19 are higher than 66, and price is higher than 19 MA. (no trades, if price is higher than 50 but lower than 19) Trade short when 50 and 19 are lower than 66, and price is lower than 19 MA ( no trades, if price is lower than 50 but higher than 19) uafx, can you add this setup to your EA please?
Sure, I can, but let's clarify the exact rules first:

LONG if:
- MA50 must be above MA66
- MA19 must be above MA66
- price must be above MA19
That's clear.
But: what if MA66<MA19<MA50, and price is above MA19? Is it a valid LONG scenario?

SHORT if:
- MA50 must be below MA66
- MA19 must be below MA66
- price must be below MA19
That's clear, too.
But: what if MA66>MA19>MA50, and price is below MA19? Is it a valid SHORT scenario? (actually this is how this Friday ended).
  • #47
  • Mar 28, 2015 5:38am Mar 28, 2015 5:38am
Quoting uafx
{quote} Sure, I can, but let's clarify the exact rules first: LONG if: - MA50 must be above MA66 - MA19 must be above MA66 - price must be above MA19 That's clear. But: what if MA66<MA19<MA50, and price is above MA19? Is it a valid LONG scenario? SHORT if: - MA50 must be below MA66 - MA19 must be below MA66 - price must be below MA19 That's clear, too. But: what if MA66>MA19>MA50, and price is below MA19? Is it a valid SHORT scenario? (actually this is how this Friday ended).
And MM option too pls frd. Thanks.
  • #48
  • Mar 28, 2015 5:42am Mar 28, 2015 5:42am
uafx, could you please add an MM option also to the first version with 2 MAs. I didn't finish experimenting with it. I need to evaluate risk more precisely that's why I am asking. Thank you.
  • #49
  • Mar 28, 2015 5:49am Mar 28, 2015 5:49am
Quoting B-Naire2B
uafx, could you please add an MM option also to the first version with 2 MAs. I didn't finish experimenting with it. I need to evaluate risk more precisely that's why I am asking. Thank you.
Sure, MM will come too, but I can't promise it for the next version.
My time is limited, and I want to see the profitability of the system, before adding extra features.

Until then a good MM should be to use 0.01 standard lot for every $1000 of your account.
  • #50
  • Mar 28, 2015 6:24am Mar 28, 2015 6:24am
Quoting uafx
{quote} Sure, I can, but let's clarify the exact rules first: LONG if: - MA50 must be above MA66 - MA19 must be above MA66 - price must be above MA19 That's clear. But: what if MA66<MA19<MA50, and price is above MA19? Is it a valid LONG scenario? SHORT if: - MA50 must be below MA66 - MA19 must be below MA66 - price must be below MA19 That's clear, too. But: what if MA66>MA19>MA50, and price is below MA19? Is it a valid SHORT scenario? (actually this is how this Friday ended).

I'm confused a little O_o.

I will try to make it clear now.

Short : ONLY when 50 and 19 are below 66, and 19 is below 50. NO TRADES IN OTHER SITUATIONS AT ALL.

long : Vice versa.

Hope you will understand now. thanks for great help friend
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  • #51
  • Mar 28, 2015 6:26am Mar 28, 2015 6:26am
Quoting B-Naire2B
uafx, could you please add an MM option also to the first version with 2 MAs. I didn't finish experimenting with it. I need to evaluate risk more precisely that's why I am asking. Thank you.

I agree with uafx friend, 0.01 for each 1k is best, i guess. and leverage 1:200 (I always use this leverage though)
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  • #52
  • Mar 28, 2015 6:47am Mar 28, 2015 6:47am
Quoting Nik13
{quote} I'm confused a little O_o. I will try to make it clear now. Short : ONLY when 50 and 19 are below 66, and 19 is below 50. NO TRADES IN OTHER SITUATIONS AT ALL. long : Vice versa. Hope you will understand now. thanks for great help friend
Thanks, now it's clear, at least the MAs.
And as in your example, SHORT is only opened is 50 below 66 and 19 below 50, and the candle open is below MA19.
LONG: vice versa, 50 above 66, 19 above 50 and price above MA19.
  • #53
  • Mar 28, 2015 6:58am Mar 28, 2015 6:58am
Quoting uafx
{quote} Thanks, now it's clear, at least the MAs. And as in your example, SHORT is only opened is 50 below 66 and 19 below 50, and the candle open is below MA19. LONG: vice versa, 50 above 66, 19 above 50 and price above MA19.

correct
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  • #54
  • Mar 28, 2015 9:04am Mar 28, 2015 9:04am
Quoting Nik13
{quote} I agree with uafx friend, 0.01 for each 1k is best, i guess. and leverage 1:200 (I always use this leverage though)
I get that. I repeat. It's for risk evaluation purposes when backtesting during considerable time period.
  • #55
  • Mar 28, 2015 4:56pm Mar 28, 2015 4:56pm
New version of EA is ready, integrated the 3rd SMA into it.
Will publish after market open, I want to test it first.

Money management will be in the next version. Either fixed lot, or lot size according to the percentage of the equity. Or any other suggestions welcome...:-)
  • #56
  • Mar 29, 2015 2:31am Mar 29, 2015 2:31am
Quoting uafx
New version of EA is ready, integrated the 3rd SMA into it. Will publish after market open, I want to test it first. Money management will be in the next version. Either fixed lot, or lot size according to the percentage of the equity. Or any other suggestions welcome...:-)

Thank you very much
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  • #57
  • Mar 29, 2015 2:35am Mar 29, 2015 2:35am
Quoting uafx
New version of EA is ready, integrated the 3rd SMA into it. Will publish after market open, I want to test it first. Money management will be in the next version. Either fixed lot, or lot size according to the percentage of the equity. Or any other suggestions welcome...:-)

but can you upload it today please? so we can run it and test from monday open.
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  • #58
  • Mar 29, 2015 6:03am Mar 29, 2015 6:03am
Thanks for sharing the idea... but my question is if the trades of 1 hour are still running what would be the trades for the next hour..... sometimes you might not have enough balance/margin to take another 3 trades, right... i think there should be some kind of checking before going into the trades of next hours....
  • #59
  • Mar 29, 2015 10:33am Mar 29, 2015 10:33am
Quoting Nik13
{quote} but can you upload it today please? so we can run it and test from monday open.
OK, here it is, but not tested yet.
The actual version number is 0.06

Attached File(s)
File Type: mq4 GJ_3STRIKES_EA.mq4   8 KB | 378 downloads
  • #60
  • Mar 29, 2015 12:04pm Mar 29, 2015 12:04pm
Here's a thought. Get rid of third fast MA. After brief BTs it showed that it is useless. What if instead we added some indicator like primitive RSI with levels settings. Say we don't open more buy orders if the value is 80 or above and we do not open more sell orders if the value is 20 or below. That way we will escape too many buy orders on top and too many sells on the bottom. That's theoretically of course.
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