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Multi-Lot Multi-Timeframe Position trading

  • #1,301
  • Jul 22, 2015 11:55pm Jul 22, 2015 11:55pm
Deliciouspip . AN sold + 61 pips
  • #1,302
  • Jul 23, 2015 6:14am Jul 23, 2015 6:14am
Quoting terminator12
Deliciouspip . AN sold + 61 pips
congrats
Perfecting your entry will increase your profits
  • #1,303
  • Edited 11:08am Jul 23, 2015 7:47am | Edited 11:08am
NU correction to top of daily down channel complete. UCad correction to bottom of daily up channel complete. I shouldn't be calling tops and bottoms here, but that's just the way it looks to me. Any questions, comments, complaints? This is a discussion forum, so feel free to discuss!
Attached Image (click to enlarge)
Click to Enlarge Name: UCad Long.PNG Size: 71 KB
  • #1,304
  • Jul 23, 2015 1:24pm Jul 23, 2015 1:24pm
It's graviton thread and it's about a trading method and i don't want to clutter it with posts about indies so i'll post only major updates if any.

General disclaimer:

This is an untested board, buggy prone, far from professional coding standards, GIVEN WITH ABSOLUTELY NO WARRANTY SO USE IT AT YOUR OWN RISK.

About this release improvements:

- Added RefreshRate parameter
- Added TrendDefinition Parameter and a second trend definition ruleset (EMA20), now is easy to add more rulesets
- Added CustomCurrencies parameters for customizing currencies list
- Added some settings feedback (trend ruleset and refresh rate)
- Changed general look & feel
- Cleaned code a little bit

About code:

- code is far from perfect, not optimized and not object oriented but, as promised, is completely free for you
- if you want develop your own version you are requested to change name in order to avoid confusion
- if you want help and develop a common version you are welcome: please contact me
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 15 KB
Attached File(s)
File Type: mq4 GBoard.mq4   18 KB | 376 downloads
  • #1,305
  • Jul 23, 2015 5:05pm Jul 23, 2015 5:05pm
Quoting change
It's graviton thread and it's about a trading method and i don't want to clutter it with posts about indies so i'll post only major updates if any. General disclaimer: This is an untested board, buggy prone, far from professional coding standards, GIVEN WITH ABSOLUTELY NO WARRANTY SO USE IT AT YOUR OWN RISK...
Thanks for the contribution!
  • #1,306
  • Jul 23, 2015 5:23pm Jul 23, 2015 5:23pm
Quoting change
It's graviton thread and it's about a trading method and i don't want to clutter it with posts about indies so i'll post only major updates if any. General disclaimer: This is an untested board, buggy prone, far from professional coding standards, GIVEN WITH ABSOLUTELY NO WARRANTY SO USE IT AT YOUR OWN RISK. About this release improvements: - Added RefreshRate parameter - Added TrendDefinition Parameter and a second trend definition ruleset (EMA20), now is easy to add more rulesets - Added CustomCurrencies parameters for customizing currencies list...
, Now | Lets do a common development. :nerd:

Skype me: prachait

Thanks
Prachait Saxena
  • #1,307
  • Jul 24, 2015 10:08am Jul 24, 2015 10:08am
Quoting Graviton
{quote} Thanks for the contribution!
My pleasure!

quickly adapted board code for single currency indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 18 KB
Attached File(s)
File Type: mq4 GIndy.mq4   15 KB | 386 downloads
  • #1,308
  • Jul 25, 2015 2:08am Jul 25, 2015 2:08am
Graviton What do u think of 200 EMA , Seems very popular and u dont use it , T12
  • #1,309
  • Edited 3:16am Jul 25, 2015 2:45am | Edited 3:16am
change , Very useful of Gindy , Helps a lot , Thanks , T12
  • #1,310
  • Jul 25, 2015 7:41pm Jul 25, 2015 7:41pm
Quoting change
{quote} My pleasure! quickly adapted board code for single currency indicator. {image} {file}
Hi Change, can you share the horizontal open line indicator. Much appreciated.
  • #1,311
  • Jul 26, 2015 6:03pm Jul 26, 2015 6:03pm
Quoting terminator12
Graviton What do u think of 200 EMA , Seems very popular and u dont use it , T12
Hi Terminator, yes, I have used the 100 and 200 ema and sma. I haven't been able to make a profit with them, but that doesn't mean someone else can't. -G
  • #1,312
  • Jul 26, 2015 11:29pm Jul 26, 2015 11:29pm
Graviton , Thanks . Please . Which is better in the long run , Do sell limit or sell stop , T12
  • #1,313
  • Jul 27, 2015 3:12am Jul 27, 2015 3:12am
Hi G,

for some reason I do not get emails anymore about the thread. So I thought I discuss something with you, I opened the thread and there are about 80 Posts I have to read now... :-)

There is an interesting Situation out there in the markets and you like discussions so I thought I address it to you. As you said yourself we might all learn from them.

So the situation interesting as there are "too many" good trades out there. Basically comdolls are losing all ground and EUR, GBP and JPY are gaining ground (I do not trade CHF and USD now).

So now the following problems can occur:

1. overleveraging because of too many open trades
2. poor trade execution because of too many open trades
3. losing concentration

I remember once you wrote about choosing the best trades. If I choose more trades, then I have better diversification. This might be important as we have a couple of strong currencies and a couple of weaker ones. Still, the above mentioned problems are real.

Lets assume I go long with all three currencies: EUR, GBP and JPY vs. all the possible combinations of CAD, NZD and AUD. This would give us 9 trades. Now we start scaling in, lets say 3 positions for every trade. We face now 27 trades to execute at the same time. It seems a lot.

Not even mentioning that all those pairs are pretty much correlated. The comdolls are all risk on currencies. So until sleeping, we might get a risk on sentiment and with such high correlatins, all 27 might turn against us which can be a huge risk to our equity.

I would like to ask your opinion about Money Management in this situation, because I do believe the correlation does change this special scenario from the earlier mentioned ones.

BTW my favorite trades are GBPCAD and EURAUD, EURNZD.

I made the little tweaks you suggested, the technology is great, I am making good progress. Just thought I give some feedback and update on the great thread.

IBO
  • #1,314
  • Jul 27, 2015 3:56am Jul 27, 2015 3:56am
Quoting preshi
{quote} Hi Change, can you share the horizontal open line indicator. Much appreciated.
Sure preshi, here it is.

Be aware it's a WIP of mine, unfinished and tested only versus my MT4 broker time (especially asian sessions may be troubleshooting in weekend overlapping)
Attached File(s)
File Type: mq4 CHNG_Sessions.mq4   8 KB | 325 downloads
  • #1,315
  • Jul 27, 2015 7:05am Jul 27, 2015 7:05am
ibreakout , What is comdolls
  • #1,316
  • Jul 27, 2015 7:59am Jul 27, 2015 7:59am
Quoting terminator12
ibreakout , What is comdolls
Commodity Dollar Economies NZD, AUD, CAD
  • #1,317
  • Jul 27, 2015 11:18am Jul 27, 2015 11:18am
Quoting change
{quote} Sure preshi, here it is. Be aware it's a WIP of mine, unfinished and tested only versus my MT4 broker time (especially asian sessions may be troubleshooting in weekend overlapping) {file}
Thank you. green pips to your kitty.
  • #1,318
  • Edited Jul 28, 2015 1:22pm Jul 27, 2015 10:34pm | Edited Jul 28, 2015 1:22pm
Quoting terminator12
Graviton , Thanks . Please . Which is better in the long run , Do sell limit or sell stop , T12
That's an excellent question Terminator. I haven't found any analysis that shows which is better, a stop or a limit order. It's a bit like asking which is better, a screwdriver or a pair of pliers. They are both mechanical tools good for a purpose, but for different purposes. One thing to note is that once a stop is hit, it becomes a market order and the trade is executed at the next transaction price. In very liquid markets, that is usually very close to the stop price, but in very volatile or illiquid markets, that next transaction price could be very far from the stop price. A limit order will just not execute if price is beyond the limit. That's bad for a loss protection order (since it may never execute), but it assures an entry or exit price will not be beyond the preset amount of the limit order. Investopedia is a good source for learning about the various types of conditional orders. Just search for your topic of interest. Best success. -G
  • #1,319
  • Jul 28, 2015 8:37am Jul 28, 2015 8:37am
Quoting IBreakOut
Hi G, for some reason I do not get emails anymore about the thread. So I thought I discuss something with you, I opened the thread and there are about 80 Posts I have to read now... :-) There is an interesting Situation out there in the markets and you like discussions so I thought I address it to you. As you said yourself we might all learn from them. So the situation interesting as there are "too many" good trades out there. Basically comdolls are losing all ground and EUR, GBP and JPY are gaining ground (I do not trade CHF and USD now). So now...

Thanks for the feedback IBO. Yes, it seems it is always feast or famine. If there are no good trades, we just can't take any. We can't force trades. We have to just be patient knowing that good trades will come our way if we are willing to wait on them. If there are too many good trades, we can only trade according to our money management. Good money management is critically important as it will keep you in the game long enough to be successful. Bad money management can wipe out an account much faster than picking bad trades. That means picking out what seems to be the best of the opportunities to trade. In the end, diversification isn't really that important since only one or two good trades will make all the profit a person needs. Diversification is a concern when our money management forces us to pick between what seems to be equally good opportunities. So for instance, if for money management reasons I needed to pick two of the three trades you mentioned, GBPCAD and EURAUD, EURNZD, with all other things being equal I'd pick GCad and the strongest of either EA or EN, since EA and EN are likely to be closely correlated. Thanks for the discussion. Best success. -G
  • #1,320
  • Jul 29, 2015 2:29am Jul 29, 2015 2:29am
Good morning G and all.

I'm sorry for my absrupt absence but i had some personal issues and i couldn't trade much.
I need to catch everything up and i'll do by this weekend.

In the meantime in my dead time i've read 3 times Graeme's thread and Gregwilson's one. They are both gold.

I currently and for a long time won't be able to stay on the pc for more than 30 min /day, at the evening. So i switched to trade only M/W/D charts and see what happens.

Had some trades going on gbp/jpy (i got in the first week of july on the major correction, nu, au and gc. All going well although i don't know whether they will keep going or not.

Most of these entries are pure luck, i still have a major issue. Low risk entries don't work for me. Might seem strange to say but i can jump in a trade only when i'm more then confident about it and i know what i don't want to see in it. That mental stop might be 200 pips away, but still...
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