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Quantum London Trading Custom EA

  • #641
  • Aug 26, 2015 9:15am Aug 26, 2015 9:15am
Quoting aahmad29
{quote} I got your idea to some extent. You do not want to take full risk just like todays condition in screenshot with buy signals. You also wanted to put Sell orders so that you can gain some profit on that side or save yourself from unexpected another deep down move. Idea is not bad if you use wisely. {image}
Yes...today is typically a hard day for this system
the idea is to have a bit more buy orders than sell orders to reduce the DD...it's the function of the opposite EA
if there is a strong downtrend ( or uptrend) we can wait for the retracement with a comfortable DD
otherwise it's possible to close manually the positive trades before the retracement
  • #642
  • Aug 26, 2015 9:38am Aug 26, 2015 9:38am
Quoting denya
{quote} Good or not conducts itself strategy in Asia? Good or not the strategy behaves in London? It's a subjective opinion, observation. ONLY bektest and optimization give an objective answer to these questions. For example Who said that 325 is excellent value for the strategy? I get 420 much better.
Yes, my 24/7 account runs already with a depth of 420 since several days :-) It would be nice to know what is the optimal value if only the Tokyo session is traded. Currently I run it with 125.
  • #643
  • Aug 26, 2015 10:43am Aug 26, 2015 10:43am
Quoting mkuefne
{quote} Yes, my 24/7 account runs already with a depth of 420 since several days :-) It would be nice to know what is the optimal value if only the Tokyo session is traded. Currently I run it with 125.
There is no optimal setting for the Asian session unless you refer to a specific and short period of time.

What is 'optimal' for 1 time period certainly may not be for other periods so it makes the task challenging.

I've been using values anywhere between 75 to 165 and these values are working well but I assess the chart before trading commences.

The Asian session has been working really good and the DD is far less than FF session.

I hope your 24/5 trading is or will turn out well for you but from my point of view I prefer to be more selective when I trade and when I don't trade.

I think 24/5 would certainly work but you'd need the 'right' combination of lot sizing and %Equity SL.

Masterrmind.............. :nerd:
Master your Mind then Master your Trades
  • #644
  • Edited 11:34am Aug 26, 2015 11:19am | Edited 11:34am
Quoting OctaveJay509
{quote} Thx Dutchpips.....I am using an indicator called "Knoxville Divergence", and it does the work for me and all I have to do is to wait for more confirmation on the other Direction... If you are interested on Testing it.... Just download it below. {file}
Hi Jay! Thanks for the indicator!! Are the lines the divergence lines? and what are the arrows?

It looks the higher the timeframe the more accurate this indicator (lines). Do you also have this experience?
You probable wait for PA confirmation after a line?
If the arrows mean up = long, down = short then there are a lot of false signals. Do you use other indi to confirm?

Do you use the standard settings?

Thanks!!
Attached Image (click to enlarge)
Click to Enlarge Name: Knoxville.png Size: 103 KB
  • #645
  • Aug 26, 2015 1:00pm Aug 26, 2015 1:00pm
Quoting Dutchpips
{quote} Hi Jay! Thanks for the indicator!! Are the lines the divergence lines? and what are the arrows? It looks the higher the timeframe the more accurate this indicator (lines). Do you also have this experience? You probable wait for PA confirmation after a line? If the arrows mean up = long, down = short then there are a lot of false signals. Do you use other indi to confirm? Do you use the standard settings? Thanks!! {image}
The Indi looks great in your chart... Yes, those are the Divergence Lines.... You will definitely get less lines on Higher Time Frame, but please don't blindly Trade them, always wait for more Confirmation from the opposite Direction....

I do have other indicators in conjunction with this one in order to filter out false signals and better my Decision-making....

The Thought Process goes like this: A Bearish Divergence gives me a heads up that the Market is going to Turn, but I do need to see more Bearish Evidence to go Short...Put your Stop a few pips Above the Recent High, and apply a 3:1 Risk/Reward Ratio for Take Profit....

The Arrows come with the Indi, and they can be misleading at time, but I prefer to use a Different Buy/Sell Signal Arrows....

Test the Indi out on Demo, and make it a part of your trading mate. You will do Great if you follow your rules.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #646
  • Aug 26, 2015 5:42pm Aug 26, 2015 5:42pm
Quoting acostafulano
Hi Vlad- I'm trying to reduce the Drawdown by using the setting XCANDLES to increase space between entries. I'm using X=10. HOWEVER, I'm observing what seems to be a bug. Please see both screenshots. Same Settings. Screenshot #1 (EURCHF), entries are being correctly spaced by 10 candles each, approximately. {image} In screenshot # 2 (AUDUSD), this doesn't seem to be the case, as I'm getting a lot of orders very close together (exactly what I'm trying to avoid). {image} This seems to be the case at random at different pairs. Help please! Diego
Diego - it is hard to tell from the screenshot but have you actually counted the candles between orders? The audusd is making higher highs nearly every bar in the screenshot - remember that the setting Xcandles refers to candles not boxes. Your settings shot has covered order open time so we cannot tell if it is 10 minutes between orders (10 1 minute bars).

Regards
maahome
  • #647
  • Aug 26, 2015 5:46pm Aug 26, 2015 5:46pm
Quoting maahome
{quote} Diego - it is hard to tell from the screenshot but have you actually counted the candles between orders? The audusd is making higher highs nearly every bar in the screenshot - remember that the setting Xcandles refers to candles not boxes. Your settings shot has covered order open time so we cannot tell if it is 10 minutes between orders (10 1 minute bars). Regards maahome
Exactly---- I HAVE counted the bars, and the entries are not spaced by ten minutes, I'm getting entries every 1-2 minutes as long as there are boxes.
Strange huh? Let's see what Vlad has to say!

Diego
  • #648
  • Aug 26, 2015 7:24pm Aug 26, 2015 7:24pm
Quoting Masterrmind
{quote} There is no optimal setting for the Asian session unless you refer to a specific and short period of time. What is 'optimal' for 1 time period certainly may not be for other periods so it makes the task challenging. I've been using values anywhere between 75 to 165 and these values are working well but I assess the chart before trading commences. The Asian session has been working really good and the DD is far less than FF session. I hope your 24/5 trading is or will turn out well for you but from my point of view I prefer to be more selective...
Hey Masterrmind, thanks for sharing your experience. I know there are different optimal values for different trading days.The simple problem for me is that I'm sleeping when Tokyo starts (I trade from china). So I cannot adopt the EA by checking the chart every day before the session starts. Therefore I look for the optimal value over a very long period of time. In the past 4 years of my trading career I have seen too many crazy spikes in the London and New York session. So far I have never seen crazy spikes in Tokyo session, at least not for pairs that don't "belong" to this trading session, like GPBUSD. Michael
  • #649
  • Aug 26, 2015 11:40pm Aug 26, 2015 11:40pm
Quoting mkuefne
{quote} Hey Masterrmind, thanks for sharing your experience. I know there are different optimal values for different trading days.The simple problem for me is that I'm sleeping when Tokyo starts (I trade from china). So I cannot adopt the EA by checking the chart every day before the session starts. Therefore I look for the optimal value over a very long period of time. In the past 4 years of my trading career I have seen too many crazy spikes in the London and New York session. So far I have never seen crazy spikes in Tokyo session, at least not...
You could trade those pairs (or choose just one to start with unless your account is very well funded >>10K-100K) which belong to the Asian session typically the yen pairs and the crosses (provided spread is ok; keep in mind that sometimes depending on the chart and the eintDepth_3 value assigned TP's can be as low as 5-10 pips when its quiet.

Large account size paired with minimal lot size is always the least risky trading but since we all trade with a finite account balance then we will always have to deal with risk. You can set the %Equity SL in the EA settings but since you cannot monitor the EA or the trades (sleep time) then a lost connect and a big spike against your positions and it could be lights out. Since you cannot guard your trades then you must apply a 'generous' SL to all your trades or hedge accordingly.

I have found a way to calculate on an ongoing basis an ever changing eintDepth_3 value which could be coded into an EA but it requires further thought mainly on the closing side.

Perhaps since you have looked at a lot of past price data you would have a fairly good idea of what range of values to apply but this is no guarantee of future results of course....its simply an educated 'best' guess.

What you could do is analyze multiple short periods WITHIN your preferred Asian session (say Tokyo Open to GMT +5 etc) and apply multiple instances of the EA (using different MN of course) but on the same currency pair. This would allow for the application of multiple eintDepth values to be assigned.

Or simply code the EA with additional inputs that allow for the setting of multiple eintDepth_3 values for multiple trading windows (that's not hard to do).

Masterrmind..............
Master your Mind then Master your Trades
  • #650
  • Aug 27, 2015 1:54am Aug 27, 2015 1:54am
Quoting madscalp
{quote} Yes...today is typically a hard day for this system the idea is to have a bit more buy orders than sell orders to reduce the DD...it's the function of the opposite EA if there is a strong downtrend ( or uptrend) we can wait for the retracement with a comfortable DD otherwise it's possible to close manually the positive trades before the retracement
If you have any strategy, you can present your idea to handle drawdown. My idea is that if suppose we take todays condition, EA keeps opening long positions and on another chart with different magic number; it opens sell positions. We can set any value like 100 pips movement to take profit of opposite orders otherwise EA close the opposite orders at breakeven if up move starts.
Love for all; Hatred for none.
  • #651
  • Aug 27, 2015 3:22am Aug 27, 2015 3:22am
Exactly my bro
Yesterday has shown the limits of the original strategy.
mer071898 had a terrible DD 57.89 %
it's why if we want to use the EA we need a protect
a solution is to install a classic EA on a chart and an opposite on another one with a trade on 2 or 3
I know it's not the original rules but we don't support a day like yesterday
  • #652
  • Aug 27, 2015 3:25am Aug 27, 2015 3:25am
Last night read and check Mers H1 chart trading with laquerre filtering, first sight that's maybe good for EA approach.
  • #653
  • Aug 27, 2015 3:38am Aug 27, 2015 3:38am
Quoting kekkis
Last night read and check Mers H1 chart trading with laquerre filtering, first sight that's maybe good for EA approach.
It's a filter that came out of his hat
I don't see this filter on the 1st post : no H1 chart... no Laguerre
  • #654
  • Aug 27, 2015 3:44am Aug 27, 2015 3:44am
Quoting madscalp
{quote} It's a filter that came out of his hat I don't see this filter on the 1st post
True.
its not bad, and not the 1 hour too. its not maybe a hare.
  • #655
  • Edited 6:08am Aug 27, 2015 5:45am | Edited 6:08am
Hi Vlad,

Could add this setting :

Close all trade after X trade open : X

That could prevent alot of lost incase happen like yesterday in GU, which down till 2000 pips more

Thanks
  • #656
  • Aug 27, 2015 6:16am Aug 27, 2015 6:16am
Quoting m4rkdragon
Hi Vlad, Could add this setting : Close all trade after X trade open : X That could prevent alot of lost incase happen like yesterday in GU, which down till 2000 pips more Thanks
You can it yourself....there is a closealltrades option
  • #657
  • Aug 27, 2015 6:30am Aug 27, 2015 6:30am
Quoting madscalp
{quote} You can it yourself....there is a closealltrades option

Hi,

This one :

Close all trade at End Time : False/true ?

Regards
  • #658
  • Aug 27, 2015 12:48pm Aug 27, 2015 12:48pm
Vlad! How are you, how life, how a holiday?

Thousands of people have been waiting for you. Tired of waiting for your talent. Please go back to the hard public work to eliminate bugs and finalize the advisor.
Thank you for your labors. From us you profitable sets!
Stay hungry to be free...
  • #659
  • Aug 27, 2015 1:42pm Aug 27, 2015 1:42pm
Quoting denya
Vlad! How are you, how life, how a holiday? Thousands of people have been waiting for you. Tired of waiting for your talent. Please go back to the hard public work to eliminate bugs and finalize the advisor. Thank you for your labors. From us you profitable sets!
Yes I'm sorry... work has kept me very busy lately. I will work on the EA some more over the weekend.

Regards

Vlad
  • #660
  • Aug 27, 2015 2:04pm Aug 27, 2015 2:04pm
Quoting acostafulano
Hi Vlad- I'm trying to reduce the Drawdown by using the setting XCANDLES to increase space between entries. I'm using X=10. HOWEVER, I'm observing what seems to be a bug. Please see both screenshots. Same Settings. Screenshot #1 (EURCHF), entries are being correctly spaced by 10 candles each, approximately. {image} In screenshot # 2 (AUDUSD), this doesn't seem to be the case, as I'm getting a lot of orders very close together (exactly what I'm trying to avoid). {image} This seems to be the case at random at different pairs. Help please! Diego
Can you zoom in on the chart and count the actual bars between trades? would be useful to know if it is a specific number, or changes.

I am back testing this on version 1.5.8 and I can't replicate the problem problem.

Vlad
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