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Trading is as simple as ABCD

  • #5,381
  • Apr 21, 2015 6:51am Apr 21, 2015 6:51am
Quoting francisakz
{quote} I mean putting Alert to the Basketdashboard EA any time a stronger and weaker currency matches. If you look at the trend indicator, it is the same with the Basketdashboard. What is ur thought on this? If there were alert, for workers like me, It will be difficult for me to miss a trade.
The stuff I've posted so far has been a mish-mash of ideas and concepts based around Clive's strategy.

I'm happy to code a more focused dashboard with alerts etc. but first the group needs to decide what they want the dashboard to do.

1. How are we measuring trend?

  1. Actual trend strength; or
  2. A theoretical trend strength calculated from the pair's currencies; or
  3. A combination of them both; or
  4. Something different entirely


2. When do we want the alert? Current candle or closed candle?

  1. CCI >100 then CCI < 100; or
  2. CCI > 100 then any lower value CCI; or
  3. Any CCI value followed by a smaller CCI value; or
  4. Any positive-value CCI followed by a smaller CCI; or
  5. Something completely different

3. Is there a minimum trend strength? A minimum rank?

Once the framework is established, I'm happy to give it a go.

  • #5,382
  • Apr 21, 2015 6:57am Apr 21, 2015 6:57am
Quoting GodsClown
{quote} Not realy, lost everything already. The loses are to big at the end of the move, so I don't think an EA is possible.
Well, one day is not enough to validate or invalidate an EA (I know you know that, so apologies for pointing out the blindingly obvious).

But, I am tempted to agree with your thoughts. I've never come across any EA that was a long-term success on a "fire and forget" basis (rather than requiring periodical manual intervention). With the amount of discretion required for entry and exit on this system, I think an EA will struggle. A dashboard may take some of the workload off
  • #5,383
  • Apr 21, 2015 7:00am Apr 21, 2015 7:00am
Was that a correct entry candle? If not which is the mistake?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 64 KB
  • #5,384
  • Apr 21, 2015 7:27am Apr 21, 2015 7:27am
Quoting marcoFF
Was that a correct entry candle? If not which is the mistake?{image}

Yep That would qualify and nice support off of a BRN, nice break and retest so yep 2 pips above the high of that candle,, the only thing that I'm trying to do is get in a bit earlier in the move just after price crosses the 120HMA, but not always top of TTindy then....
Feel the Fear and do it anyway!!!
  • #5,385
  • Apr 21, 2015 7:29am Apr 21, 2015 7:29am
Quoting marcoFF
Was that a correct entry candle? If not which is the mistake?{image}
By this system, that would be the signal candle. You would place your buy stop 2 pips above that candle. I would consider 2 pips plus spread or 1 pip plus spread. That being said, I would be a bit hesitant about the entry based on lack of momentum in the previous high as well divergence in the CCI. It may be getting a little top heavy at the moment.

What do you think Clive?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #5,386
  • Apr 21, 2015 7:50am Apr 21, 2015 7:50am
Quoting capstone
{quote} By this system, that would be the signal candle. You would place your buy stop 2 pips above that candle. I would consider 2 pips plus spread or 1 pip plus spread. That being said, I would be a bit hesitant about the entry based on lack of momentum in the previous high as well divergence in the CCI. It may be getting a little top heavy at the moment. What do you think Clive?

Well with the power of Hindsight to help me, I'd say you got it about right.... I hear what you're saying about the failed drive before it but then it comes back and gets some support off of the original support and goes again, sort of reaction I look for....Easy looking back though...

He should of got to BE ok and even bagged a few pips if he's Orphan hugging...
Feel the Fear and do it anyway!!!
  • #5,387
  • Apr 21, 2015 9:34am Apr 21, 2015 9:34am
Quoting honestknave
Reached maximum number of attachments in last post. So here is the dashboard EA. {file}
Great job Honestknave

I just came back and was reading thru the last few pages and found your dashboard, and was wondering whether I could make one request - user option to pick the instruments we want in the dashboard. It is picking everything in the market watch but I want ONLY the currencies, and even then, just 28 - 30 pairs otherwise it becomes a monster on the CPU.

Shalom

George
Low Risk Low Stress High Reward High Probability Trades
  • #5,388
  • Apr 21, 2015 9:35am Apr 21, 2015 9:35am
Quoting honestknave
{quote} The stuff I've posted so far has been a mish-mash of ideas and concepts based around Clive's strategy. I'm happy to code a more focused dashboard with alerts etc. but first the group needs to decide what they want the dashboard to do. 1. How are we measuring trend? Actual trend strength; or A theoretical trend strength calculated from the pair's currencies; or A combination of them both; or Something different entirely 2. When do we want the alert? Current candle or closed candle? CCI >100 then CCI < 100; or CCI > 100 then any lower value...

I have another idea here but will send you a PM later as I have to leave for work now.

Cheers
Low Risk Low Stress High Reward High Probability Trades
  • #5,389
  • Apr 21, 2015 11:38am Apr 21, 2015 11:38am
I just read your initial post about the detailed dashboard and will leave the inputs to Clive as the originator of the system.

Thank you for all you have being doing for the struggling traders.

Shalom


Quoting 919gilead
{quote} I have another idea here but will send you a PM later as I have to leave for work now. Cheers
Quoting honestknave
{quote} The stuff I've posted so far has been a mish-mash of ideas and concepts based around Clive's strategy. I'm happy to code a more focused dashboard with alerts etc. but first the group needs to decide what they want the dashboard to do. 1. How are we measuring trend? Actual trend strength; or A theoretical trend strength calculated from the pair's currencies; or A combination of them both; or Something different entirely 2. When do we want the alert? Current candle or closed candle? CCI >100 then CCI < 100; or CCI > 100 then any lower value...
Low Risk Low Stress High Reward High Probability Trades
  • #5,390
  • Apr 21, 2015 11:40am Apr 21, 2015 11:40am
Greetings Clive, Capstone, Godsclown and everybody still online, trust you folks are doing well and your trading going great too. Just stopped by and will be back later.
Low Risk Low Stress High Reward High Probability Trades
  • #5,391
  • Apr 21, 2015 11:43am Apr 21, 2015 11:43am
Quoting 919gilead
Greetings Clive, Capstone, Godsclown and everybody still online, trust you folks are doing well and your trading going great too. Just stopped by and will be back later.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #5,392
  • Apr 21, 2015 2:27pm Apr 21, 2015 2:27pm
Quoting GodsClown
First day testing system with EA.
Test it two weeks. Only 1H charts made perfomance.
  • #5,393
  • Apr 22, 2015 12:39am Apr 22, 2015 12:39am
Up early again today as got a full day at work today but just look at these charts pre-Frankie had a couple of goes at selling GBPNZD but didn't trust my system enough to leave them alone. Its a bit like driving a very fast car , you want to put your foot down but you're just not sure....

Early days but I'm starting to build confidence in it. It all seems too easy to just follow the strongest trender but thats the way its looking at the moment. Price can only go up or down, so commit to it and stick with it until it turns back on you...

Easy to say not so easy to do.....
Attached Image (click to enlarge)
Click to Enlarge Name: TTindy06.33.PNG Size: 78 KB
Feel the Fear and do it anyway!!!
  • #5,394
  • Apr 22, 2015 12:49am Apr 22, 2015 12:49am
Just pull the trigger clive

use your stops

let the market tell.you if your right or wrong

its only a demo account

go for it
  • #5,395
  • Apr 22, 2015 1:00am Apr 22, 2015 1:00am
Quoting devontrader
Just pull the trigger clive use your stops let the market tell.you if your right or wrong its only a demo account go for it
Exactly what I don't want to do Jason....Thank you very much....

This is me forward testing in preparation for real money so as far as I'm concerned I treat it exactly as I would real money... Constantly tell myself its for real, then the transition to real money will be smoother, so theres no "going for it, its only a demo" for me....

Other wise whats the point?????
Feel the Fear and do it anyway!!!
  • #5,396
  • Apr 22, 2015 1:13am Apr 22, 2015 1:13am
Meant as a confidence boost not to.trade reckless clive
  • #5,397
  • Apr 22, 2015 1:56am Apr 22, 2015 1:56am
EUR strength, USD weak....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 51 KB
Feel the Fear and do it anyway!!!
  • #5,398
  • Apr 22, 2015 2:05am Apr 22, 2015 2:05am
Bagged a handful out of EURUSD and EURCAD as theres a bigger level up ahead will either back off and take a run at it or reverse....
Feel the Fear and do it anyway!!!
  • #5,399
  • Apr 22, 2015 2:34am Apr 22, 2015 2:34am
3 trades, 3 wins, for 14.9 pips which turns out to be 1.54% on account. Eur/USd, Eur/Jpy, Gbp/Jpy. All showing on TTindi as bullish at the time of trade (a few min ago).
Didn't get a pic of Gbp/Jpy.
Its fun Clive.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM1.png Size: 95 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 99 KB
  • #5,400
  • Apr 22, 2015 2:36am Apr 22, 2015 2:36am
I think those momentum pullbacks fit the system here.
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