The Goose

Who would give away the goose that lays the golden eggs?
The holy grail?

Certainly not me...but.

A lot of the members at FF and other communities know me. I am both affectionately known and hated as;
A Fantastic Technical Analyst.
A Market Champion.
An Account manager.
A smart ass.
A total Dick.
A realist.
A teacher.
A student.
The single most banned member of FF that still has an active account under the same nick.
&
For my work with charity.

Of all of this, I have always continued to both try and expand the minds of others and challenge the absolutes of rhetoric.

Forex is both a hobby and a job for me in that I do rely on my profits but also enjoy the hobbyesque nature of the community and most certainly what I have been able to learn about automation in trading.

So, let's bring this all together.

I am offering up the Golden Goose, and am doing so for Zero personal gain.

Why?

Because I can....

Why in the commercial section of Forex Factory?

Good question.

Ya see, the charity thing is actually very personal to who I am. I believe that in life there is a Balance. For what you give, you will receive and though this may not always translate into a monetary value, prosperity cannot always be measured in dollars and cents.

Throughout my days here and at other forums, I have met a great many people that have helped me to be more of the person and trader that I want to be. A lot of people who have selflessly given themselves to market and still continue to try and reach out to others. People with grand aspirations and goals, that may no longer be around, have left their mark with me and on me.

My original thread on sharing the spirit by donation opened the hearts of the FF community and generated funds for others in need and helped me build a community of like minded that generated more than I was sure I could ever do alone and for that, will always be forever in debt to those who have helped me along the way. Some of the names you will know, others are content in quietly moving through the shadows...so, here's thanks to my most immediate team.
Darkforce, GVC, itinerant, Kosmo, Sergien, Bluejack ezcurrency, Hotpotato, Neo, Pontus, Thodie, Marx64 and lastly but not leastly, the fella that is helping me through the license portion, FXNOMAD!

Take some time to get to know my friends.

Anyways, we have worked as a small community in our own separate directions to do our parts in continued efforts to keep the idea of giving to others by way of charity alive. We live our lives, but still try to contribute where we can and for me, for the most part, my days in the public are going to be coming to a close, so I figured one last push as a tribute to those who have driven me to continue and helped me succeed in my efforts.

Yeah, I know...still doesn't explain the commercial section, so here goes.

The rules of FF are fairly clear and a few of the rules I am about to break...most specifically, a personal agenda.

My agenda comes from a fella that I have worked with for a while that has taught me about the benefits of investing in our future and so it is through him, I want to vicariously join him in his efforts.

I am not a member of any church nor denomination.
I am not of the ethnicity of those who benefit from these efforts.
I am not a parent of the youth that contribute.

But I really enjoy the way that others are investing in the future of others by sharing this opportunity and experience as well as am a huge fan of those who take the opportunity to reach out to those in need.

Link

Short version...the Church takes volunteers from my home city, into Mexico to help build houses for those in need. The kids get to learn a little about the community, the lives of those they will touch, gain some experience, and bond together as a group. Seriously, the kewlist thing I have ever seen.

In this, my little part...try and see if I can lend my efforts in the way I know how, to get a few more kids on the trip, maybe another shelter built, maybe just help cover the costs where funds could be spent otherwise.

This is a registered charity, and if you scroll down this LINK and feel compelled to help out but have no interest in "The Goose", you too could be one of my personal heroes.

TRY BEFORE YOU BUY!

READ THE INSTRUCTIONS BEFORE ASKING QUESTIONS!!

The trade logic.

This Goose is a cost averaging EA that works with multiple moving averages to trade inside of dynamic ranges of a Guppyesque Technical Analysis Model, thus the name Guppy.

Greed is one of the top 10 reasons that traders are wiped out from market.

In this, Guppy reads the market, looking for Overbought in short trends, Oversold in long trends and trade the market dynamically in smaller ranges. Along with this, there is a dynamic daily filter logic that is set to stop trading once typical daily ranges are met or wait for true confirmation in the event of trend changes.

The parameters will allow a single position or multiple cost averaged positions to be employed and traded within 3 possible methodologies.
1. 0 increment, mandating that all positions remain equal in size.
2. User defined increment, to allow you to increase the size of the cost averaging.
3. Position multiplier - allowing you to set a multiple factor to each last lot traded.

The grid base is a dynamic range created by market movement and is filtered by both trade logic and user defined parameters.
1. Time filter, set the minimum number of seconds between trades, by default 300 seconds or 5 minutes is used.
2. Range, set the minimum number of pips between trades, by default there is a minimum number of 2 pips used.
3. Levels, set the maximum amount of trades to be taken.
In this grid base and under the assumption that the levels are set to exceed more than a primary position, supplementary trades will only be taken if and only if, the above criteria are met and a trigger occurs. Dynamic ranges inside of the trade logic restrict multiple positions to be taken in high volatility and massively extended market ranges created in heavy press periods of the day. ie Although the range is default set to 2 pips, there can be ranges in excess of 20-30 pips between trades.

A dynamic profit range is created by both a counter trigger and a minimum user defined value but will look for the quickest exits in profit in the event of a trend change as well as exit on a user defined stop loss.

Throughout the course of a day/week/month, each trade pair will show both strengths and weakness in market direction with the range and continuations of trend traded. In a review of trade stats, cherry picking pairs can offer the highest rewards to risk, but an even balance can help capture a little profit from across the board.

Sorry read this wrong I thought you were looking for a $10.00 donation. With a family of 3 things are very tight over here, I am barely surviving day to day. As a Christian brother I believe in your cause and have done mission trips on a small island in Mexico. I wish you nothing but the best.

in Him

Gdi,

I can appreciate your situation and admire the commitment to your faith and the work you've done on similar type projects.

I am not a member of the Church that runs this program nor of any particular faith, but like to reach out when I can. I have had some physical ailments over the last 5 years that somewhat forces me to limit my physical expenditures to mostly necessity. I have gotten better over the last year, but will most likely never be in a situation to volunteer in a capacity as you have or with a project like this.

This is just my vicarious effort.

Perhaps my biggest reason for going this direction instead of my past efforts is actually being able to get a sense of how many lives get touched by a simple donation. From the people that are sponsored to go, to the people that get helped. A simple out lay of cash by way of donation though may be appreciated by all charities, doesn't reach out in the same ways.

All the best to you, brother.

Thanks for stopping by. It's always nice to find a new friend at the factory.

Perhaps longer than 5 days will help get you bids.

However; seems as you will be using it even with no bids in an effort to achieve $10k, so perhaps this issue will be resolved with time.

Good luck Magix, hope you are doing well

I hear ya...

Thing is, the filtering methodology has been running over the last 3 weeks consecutively and only the triggering has been modified in this version.

The value of this isn't as much in showing gains of $150+ per week as has been demonstrated, but to show consistency and limiting risk.

Extend the values and cherry pick the pairs to make most out of what is available.

Check it - HERE.

Will I get the single person/group to buy it and re-sale/retail it out in the auction?


Given what I have seen posted here in the commercial section as well as my history with the Auto Traders from past, however this turns out on a single sale or on multiple licenses, I am more comfortable with the strategies used and the potential of this EA than have been with anything I have played with in past.

If sold or swapped on charity for $50-$100 per license, this will not be a cost for longer than the first few days of any given week. Spread this through the course of a year and it will be a value to anybody that takes the time to understand the possibilities.

Your link provides an error

Fixed.

Hi Magix,

I wish all the best with your EA auction for charity purposes

I just have a question, does the EA set an initial stop loss for each trade? If so, is it just a stop loss to be there, or is it calculated based on some logic?

Best,
Math

Hey Math,

There is both a Dynamic and Static user defined stop loss feature.

The Dynamic kicks in when the logic determines that the trend has changed sufficiently enough to close all trades at a loss.
The Static is based on the net draw down. As there are user defined numbers of positions, the EA looks to close if there is only a single position that reaches the max draw down, or if it is the net draw on all trades.

In total, per direction, there is 6 sets of closing logic, 3 to force profit, 1 trailing profit, 1 trigger in loss and a hard stop.

It seems a reasonable strategy to close the open positions.

One of the things that is most interesting about the actual logic is the periods that it chooses to trade and the ones it just simply sits out.

There are no open trades into the weekend, and typically by Roll Over, there are no open trades.

This isn't a User Defined Parameter as to when to trade, it is the actual logic of the EA filtering out the trading by the range and direction of the day.

Having worked with Dynamics over the last couple years, I had never really considered dynamic profit ranges inside of dynamic daily trading ranges, but it really seems that this is definitely part of the success of the Guppy.

Trade pairs all have their own personalities so the application of static parameters has always been a bit of a challenge. Each trade pair could always use a little tweaking but even in this, it is difficult to assign values on the range of day, without actually knowing the range of day. I have a few more stats that were provided from a private copy of Guppy's sister, MyENT201, and though it is a lot more aggressive, it has taken the week in stride, previous week showing NFP as typical standardized trading and this weeks FOMC as just another trade set.

All honesty, the dynamic range created by the logic was a happy accident.

In watching the backtesting in visual mode, it took me quite a while to realize where, when and why the EA stopped triggering and why on some days it would go into playing the reversal on trends...once I found this by matching the hard code to the actual visual, I almost shit!

Very Kewl stuff and nothing that I have seen in application by any logic I've come across.

A couple things have occurred to me that may seemingly serve as the Fly's in the ointment, or a flaw with my original plan on the Auction side of things..

1. I have no connection to the charity, so, cannot actually verify a single large purchase.
2. Once the software is released, and somebody claims they hit too many zeros on their donation and request a refund, a church would most likely be inclined to help out with a credit.
3. If the above happens, all efforts is basically lost.

Not saying that anybody would necessarily do this, but I have several hundred emails from the Royal Family of Nigeria to prove that what may seem to be on the internet, may not actually be...

4. I am not entirely sure that I want to release my source code. Even releasing the compiled version, there is no guarantee that everything will stay locked, but it does afford me a time window to do what I need to do.
5. There really is only limited time when any EA should be exposed to market for the balance of the year and in order to be successful in this task, it would mean that providing copy to those interested would lend itself to this, as well as help for anything that I may have in future.
6. If there are any anomalies that I haven't picked up on yet, it would mean exposing a wide variety of traders to get the short end of the proverbial stick...and that sucks. How could I correct it and trust that somebody would distribute as was necessary?
7. If it doesn't go at auction, it leaves a very limited amount of time to help the Mexico group for their next trip.

So...Long story short.

I am going to cancel the Auction idea and am going to be putting out 2 versions of the EA with a couple of different price points. Each of the price points should ensure that any funds that are donated will be recovered within the first 2 days of open market, but will provide different options depending on the level. Each version will be licensed to only use on a single account...you want to make sure that you have link to live, or your donation will not pay off in what you would like to see.

Still working on the licensing..
Still working on the Options...

Will hopefully have something out for this Early Market Week.

The primary version of this trader, MyEnt201...similar to Guppy in most respects, only a little more aggressive.

In this, it was still hammering GBPUSD longs on Friday when there was a bit of a retrace. Today at market open, the trend definition had changed and the close at loss logic kicked in as a precaution as well as to take the new trend into consideration.

What you will notice is that not all trades closed in red, but it wasn't going to sit out an opportunity to shut some losers to minimize losses and try get back into trading what the immediate trend is. Even if we flip back to the long side of things, going off of the statistical data, historical trades and market tendencies, there is still a good likelihood that any short trades can close in a Net Basket profit and if not, by tomorrow it may decide to do the same, if Need Be, cut losses and flip to be back in the immediate daily trend.

Though MyEnt201 is a different EA, the logic of close at loss is very similar to what Guppy uses. Long until it is time to go short, short until it is time to go long. The very base idea of Market Dynamics.

Licensing is taking a little longer than expected...Reason being, I am having to lean on others to help out finish this off. There are nuances to the New Code that I am just not that familiar with and converting all from old to new is a little time consuming...

That being said, Guppy had a pretty decent day...in spite of trading shorts on GBPUSD while it decided to retrace a portion of Friday's Draw.

Due to the logic of Guppy, there is a very good likelihood that no more trades will be taken on the day...with London coming to close and NY being on holiday, it's probably just as well...

Here's the day...
0 open trades.
.36% DD.
600+ pips taken
Winning 75% of trades.

BooYah!

Great work here Magix, donated in your forum and will donate here. Honestly I follow your threads because they crack me up.

Have Fun.
Make Money.

Life is good....

Thanks for your previous and current support, brother!

It would appear as though I was mistaken about what Guppy had intended for the day...

A few more added to the heap on open trades.

Well...There was a bit of an ass whoopin going on with AUD this fine evening and Guppy was still stuck in short mode.

However, due to the fact that it looks to close out orders in the event of a trend change at the earliest possible time, it actually came up smelling like a rose.

Here's the EURAUD trades, GBPAUD looks quite similar.

(Note the profit on the day according to the broker daily close, not the same as FF TE)

One of the biggest trolling complaints on EA threads is that what happens in Demo isn't the same as what happens live.

And, if you are one of those Naysayer type people, guess what?

You are correct.

Due to Broker Latency and available price, in a price surge and under the whipsaw conditions, it may take brokers a little longer to close trades.

So, compare the previous Demo account trades to the Gains on a Live account today and notice the closing position of the trades.

BooYah!