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  • #181
  • Aug 4, 2015 2:59pm Aug 4, 2015 2:59pm
Quoting mbolton
For those interested here is another EA based on this method. You can choose a start and end time for when trades are taken. eintDepth3 from the indicator can be changed in the EA settings. I've defined the EA to take a start Lot size and then apply an increment against this for each additional trade so e.g. for the first 7 trades starting with a lot size of 0.1 and an increment multiplier of 1.03 we get lot sizes of: 0.10 0.10 0.11 0.11 0.11 0.12 0.12 Results in back test seem really good and I'm now running a forward test. Thanks Mark. {file}
The best option to add would be to add individual levels because increasing only by a smaller increment each time does not provide sufficient recovers on longer levels, plus the starting size is too large IMO. It should start out with .01 and increase more exponentially as you go. I will try and put together an excel sheet with the levels I trade and what the lot size values are. I have 3 structures I use for different days on the week, mild, normal, and aggressive. Also I noticed the the EA is entering trade on the current candle instead of placing the order at the open of the next candle.
  • #182
  • Aug 4, 2015 3:51pm Aug 4, 2015 3:51pm
Quoting SeaTheStars
Curious about the results. For whatever reason, Vlads EA stopped after some heavy runs against us.
This is Vlads EA. Not sure what you wanted it to do, but to me it did exactly what it was suppose to. Entered trades per rules, after it took profit it stopped and hasn't done anything since. If you mean it was suppose to keep trading after the Frankfurt/London entries/exits, that wouldn't have been per rules, so again, it did what it was suppose to. But I am just starting to test it out so maybe you're right and there is something I don't know about.
I've received requests to share the EA, but it is not mine. So with mer's blessing, I will get in touch with Vlad and ask him to post it on the thread once again.
  • #183
  • Aug 4, 2015 3:56pm Aug 4, 2015 3:56pm
Also, the only reason I wanted an EA is for this specific time. I live in the central time zone and have a hard time staying up until 1-4 am. If I was to trade this method during London/New York it is very easily traded without an EA.
  • #184
  • Aug 4, 2015 4:12pm Aug 4, 2015 4:12pm
How much pips sl ?

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  • #185
  • Aug 4, 2015 4:19pm Aug 4, 2015 4:19pm
No SL. If you use one, lets say 100 pips, you could end a few days of the year with -5K pips. Tough to get those back. Just need a big account to go along with your big balls
  • #186
  • Aug 4, 2015 7:16pm Aug 4, 2015 7:16pm
Quoting SeaTheStars
No SL. If you use one, lets say 100 pips, you could end a few days of the year with -5K pips. Tough to get those back. Just need a big account to go along with your big balls
Your drawdown shouldn't be too much of a factor if your first 30-40 levels are small. The drawdown start kicking in as you close in on the end of your lot structure, but by that time the market is usually getting primed for a retrace (it's inevitable).

And Mario, read post #37 again about how things played out on the 10th of July and you'll understand why there's no stop-loss. And you should not have to worry about a margin call unless your account is grossly underfunded.
  • #187
  • Aug 4, 2015 7:40pm Aug 4, 2015 7:40pm
Hey Mer071898, any objections to posting Vlad13685's EA so others could test out as well? I have to check with him as well. Maybe even put it in the first post so its easily accessible along with indi.
  • #188
  • Edited Aug 5, 2015 1:01am Aug 4, 2015 11:39pm | Edited Aug 5, 2015 1:01am
Mer, could you tell us how big account does the system need if traded by the original rules? We have seen days with 60 trades open at a time. Even if starting with 0.01 lots it would mean that finally we had almost 3 lots open. Plus we had to survive the DD until it was fixed.
Is it 10,000 USD minimally or even more?
  • #189
  • Aug 5, 2015 12:46am Aug 5, 2015 12:46am
Hi, Mer. Thanks for interesting strategy. I have one question: Do you trade only GU? Maybe we can try other pairs? I think this strategy will work in the best way with pairs without strong trend movings that moves like whipsaw - high-low high-low etc. Who can advise such pairs?
Sorry for my Eng.
  • #190
  • Aug 5, 2015 1:02am Aug 5, 2015 1:02am
Hello to all, I am quite new here and I am following this interesting system since a couple of days. As I saw the main concern is probably the fear of big drawdowns which can happen if the opposite signal does not appear after many positions were opened. When backtesting I identified 2 "disaster days" which really would have almost wiped out an account, that's 26 February and especially 6 March. I would be interested if someone with more experience could check these two days and also to hear possible solutions to avoid such disaster days... If you would use a "disaster SL" - where would you suggest to place it? Or would it be a solution to close all open orders at a specific time of the day, for example halfway the Wall Street session?
  • #191
  • Aug 5, 2015 2:22am Aug 5, 2015 2:22am
Tokyo session

GBPUSD [M1 Chart] - 6 trades taken live.

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All trades closed out just before London Open

Trade #1 26.4 pips
Trade #2 20.7 pips
Trade #3 12.2 pips
Trade #4 5.2 pips
Trade #5 4.3 pips
Trade #6 3.3 pips

Total pips = +72.1 pips

Note: missed taking some trades, set a buy limit down lower but it got missed however a buy stop got hit later in the trade.

Masterrmind..........
Master your Mind then Master your Trades
  • #192
  • Aug 5, 2015 2:36am Aug 5, 2015 2:36am
Dear Mer,

Good trading system,....

I just want to add in my "newbie" opinion,...

Even the chart is M1,... but we can make ENTRY one time every 10 minutes,... or 1 time every 5 minutes,... it will make our account safer a lot.

Anyway using EA will be so fantastic,...

Thanks,

Budi
  • #193
  • Aug 5, 2015 2:42am Aug 5, 2015 2:42am
Quoting SeaTheStars
From the posted EA, I only get negative results with standard parameters. Dont know if its working properly, but it seems as if for a few days we collect pips just to lose even more in one bad sequence.
I've just run a backtest from 1st May 2015 till 31st July - results below:

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I am using an ECN Broker so I guess this could make a difference with lower spreads.


Mark.
  • #194
  • Aug 5, 2015 3:13am Aug 5, 2015 3:13am
Quoting mbolton
{quote} I've just run a backtest from 1st May 2015 till 31st July - results below: {image} I am using an ECN Broker so I guess this could make a difference with lower spreads. Mark.
Dear M Bolton,

The Modeling Quality too bad,... mine also like that,....

Please revised your EA,....because :
1. If we use your EA,... other "pending Order" and "running trade" ,... closed or erased by the EA
2. Add one more feature,... that the EA only OPEN the position every "xxx" candle ( m1 candle ),.. it will filter and much better for us.

Thanks,

Budi
  • #195
  • Aug 5, 2015 4:01am Aug 5, 2015 4:01am
Quoting mbolton
{quote} I've just run a backtest from 1st May 2015 till 31st July - results below: {image} I am using an ECN Broker so I guess this could make a difference with lower spreads. Mark.
Try Jan15 -May 15. Thats where I was down to half the bankroll when running the EA. I´m now off the original idea and only trade with additional confirmation. To me it does not make a lot of sense to use 0.01 lots on a 10,000€+ bankroll (I maybe need more to feel comfortable).I´m up 60% the last 3 days with a maximum risk of 2,5% per trade and a good 78% winrate trading with and against (use Sonic, ABCD and ASC). Backtesting my entries with the simulator over night has given me roughly 3 out of 4 winners, often with a good 1:1 RR ratio.

Just as merc says, eventually, the trend will reverse. Just a matter of time (and pips).
  • #196
  • Aug 5, 2015 5:39am Aug 5, 2015 5:39am
Hi all,

As some may know, I've been quietly applying my method (on demo fortunately) for the last couple of days, which I've described in previous posts across a variety of pairs and instruments.

At this moment, (although not fully conclusive until the trades have finished one way or the other), I can report that I am experiencing about 17% dd across the board at this moment in time, some of the individual trades are healthy, but too many are not.

The strategy that I have used cannot be recommended on this basis. I am now looking at ways that I can improve the filtering to increase the prospect of less dd, which is my next step in development of a longer t/f strategy and still using the Quantum as the core feature, which I do believe can be used effectively at some point.

I tend to agree with SeatheStars comments in general, the prob we all face, is that damned dd issue, which my method to be honest also failed to conquer, and until that is resolved then sooner or later a real big one is going to hit, and I'm sure that will certainly shake out the men from the boys.

Fair play to mer though for bringing the Quantum to our attention, a super large account can deal with the dd problem easily enough, but for us mere mortals like myself it's a big concern as many have pointed out

I won't disturb the thread any more for the time being, but will report results back as and when, along with a chart or two with results to support anything I find of interest once I've satisfied myself that my modification has any merit

Cheers for now

LL
  • #197
  • Aug 5, 2015 5:53am Aug 5, 2015 5:53am
Quoting mer071898
Hello gang, it's been several years since I posted last and have come back to get in the swing of things again. I had been out with several severe personal health issues and also some family issues and have not been able to focus on my trading, among other things. I hope to go over some older threads and trying to answer questions, so please do not be offended or feel disrespected if I do not answer pm's or e-mails right away. ​First things first, some of the things I've learned over the past decade and strategies posted on here are probably...
The indicator does not show on my mt4 after i downloaded it,copy and paste in my mt4,anybody here that can help?
  • #198
  • Aug 5, 2015 5:59am Aug 5, 2015 5:59am
Quoting jaylukmann
{quote} The indicator does not show on my mt4 after i downloaded it,copy and paste in my mt4,anybody here that can help?
Did you compile and moved the .ex4 file into the indicator folder?
  • #199
  • Aug 5, 2015 6:08am Aug 5, 2015 6:08am
Quoting Landline
Hi all, ...

Cheers for now LL
The general problem for the Quantum indicator is, that if you go with the indy, the trend may already be exhausted, if you go against it, the trend may go even further. If you simply trade this indy, you`ll have to accept DDs.

On the other hand, the idea behind the indy is pretty simple; and one can take huge advantage of it.
  • #200
  • Aug 5, 2015 6:24am Aug 5, 2015 6:24am
Quoting SeaTheStars
{quote} The general problem for the Quantum indicator is, that if you go with the indy, the trend may already be exhausted, if you go against it, the trend may go even further. If you simply trade this indy, you`ll have to accept DDs. On the other hand, the idea behind the indy is pretty simple; and one can take huge advantage of it.
Yes you're quite right, as a standalone indicator it has danger imo whichever option is chosen, ie with trend or not.

This is the area I tried to reinforce with my original strategy using a super-signal to try to help guide direction, but as stated, that too has not proven thus far acceptable to me.

But as you have said, the indi is there to be taken advantage of, and once a suitable strategy is in place, then I'm sure we can all nail it profitably with "acceptable" dd.
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