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trend catching with NonLagDot indicator

  • #241
  • Dec 29, 2015 8:23am Dec 29, 2015 8:23am
Quoting Ntim2000
{quote} Dave can you copy and paste the screenshot of NLD properties, i tried the setting but it did not work i think i am doing something wrong. {image}

First change trade mode setting to 0 for it to autotrade

Then go for your optimizing. Be sure your spread is correct in the tester.
Solutions ONLY!!!
  • #242
  • Dec 29, 2015 8:48am Dec 29, 2015 8:48am
Quoting BillYon
{quote} It's not the broker it's MT4 tester The spread setting is in points not pips. http://forum.mql4.com/56535 http://www.forexfactory.com/showthread.php?t=494435
I know, so find a new broker with a spread of 0.2 pips
  • #243
  • Dec 29, 2015 8:52am Dec 29, 2015 8:52am
Quoting Dave_C
The EA is updated to include a Set Stop Loss to Break Even. (EA at bottom of Post) With the following results EURUSD 30min chart 1/1/2015 to 29/12/2015, the best optimized settings were Trailing Stop Loss 10 (tested from 10 to 50 in steps of 5) Take Profit 10 (tested from 10 to 100 in steps of 10) Length (of Weighted MA) 20 (tested from 10 to 50 in steps of 5) SetStopLossToBreakEvenPips 20 (did not come into play with the best optimization result) All other settings were default. The most significant finding was the low Stop Loss which would tend...
Hi Dave and thanks for the effort
The results are pretty amazing..

Di I understand correctly: 10 pips stop, 10 pips TP?
  • #244
  • Dec 29, 2015 8:54am Dec 29, 2015 8:54am
all important points and different EA versions should be updated in first post.
We are proud to be most consistent signal provider in entire industry.
  • #245
  • Dec 29, 2015 9:33am Dec 29, 2015 9:33am
Quoting Anusragger
{quote} I know, so find a new broker with a spread of 0.2 pips
Still the test would be unrealistic setting at 0.2 pip.

Test the least favorable case scenario.
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  • #246
  • Dec 29, 2015 10:08am Dec 29, 2015 10:08am
Hey Mr Lebaneese, thank you very much for sharing your trading style. I like it's simplicity and logic. I just have a few questions if you don't mind to explain...

1. As you said you trade basket of max 12 pairs. And you said you trade 1 lot in every trade. It means you have different % risk in every trade...? What is your total % risk per basket? I'm just wondering because having 1 lot in every trade that's about 10-12 lots per basket. And if the SL is 20-30 pips that's about $2000-$3000 risk per basket. I know that's a basket and it's almost impossible to have all trades taking SL. But still, we have to know our "enemies"...

2. Do you set a TP when ever? Or you just close trades when you get an opposite signal? (I mean when $1k target is still not reached)

3. Do you take blindly all trades or you still analyze the overall situation like Price Action or S&R?

4. And the last one... Did you try this method on Daily charts? How are the results?

Thanks again for your help and sorry for bothering with so many questions... )
P.S. With you all Best Luck and Happy Holidays!
  • #247
  • Dec 29, 2015 10:18am Dec 29, 2015 10:18am
Between yeterday and today I had 13 consecutive loosers, 7 with my old trading system and 6 with this one...Didn´t happen to me in a long time...
Can´t blame it on the lack of volatility, there were plenty of trends...
  • #248
  • Dec 29, 2015 11:06am Dec 29, 2015 11:06am
Attached Image (click to enlarge)
Click to Enlarge Name: test.jpg Size: 233 KB
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  • #249
  • Dec 29, 2015 11:16am Dec 29, 2015 11:16am
Correction: I just closed my 7th consecutive looser....NZDUSD 30 m.
  • #250
  • Edited 1:44pm Dec 29, 2015 1:30pm | Edited 1:44pm
Quoting Ntim2000
{quote} Dave can you copy and paste the screenshot of NLD properties, i tried the setting but it did not work i think i am doing something wrong. {image}
​TradingMode should be 0 (zero) and unchecked. Check marks are for optimization purposes and only used in backtesting.

0 is autotrading (for EA to automatically trade and is the default value)
1 is advisory only (pop up message),
2 is discretionary (will trade on confirmation by user)

If you just use the default values, the EA will trade automatically on 5% of equity value per trade with a 20 pip trailing StopLoss and 40 pip Profit (a pip for the major pairs (non JPY) is $0.0001, for JPY pairs is $0.01). No Breakeven setting and 20 bar setting for weighted MA.
  • #251
  • Dec 29, 2015 2:34pm Dec 29, 2015 2:34pm
Quoting Kubiasty
{quote} I dont get it.... i TP 500$ but all other will make me loose -500 ,-600, -700$ ?! Please i dont understand! Man how do you earn 1000$ when 90% positions are in lost...?? example: 1 position -100$ 2 position -100$ 3 position -100$ 4 position -100$ 5 position -100$ 6 position +500$ So sum of all 0. So how do u earn ?
I dont wanna sound rude, but you should take math lessons before continuing.
  • #252
  • Dec 29, 2015 3:32pm Dec 29, 2015 3:32pm
Im getting this message when I try to run the ea on backtest.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 141 KB
  • #253
  • Dec 29, 2015 4:13pm Dec 29, 2015 4:13pm
Quoting Fiddy
Im getting this message when I try to run the ea on backtest. {image}
install or reinstall the indicator from 1st post and try again.
Solutions ONLY!!!
  • #254
  • Dec 29, 2015 4:21pm Dec 29, 2015 4:21pm
Quoting cuchuflito
Between yeterday and today I had 13 consecutive loosers, 7 with my old trading system and 6 with this one...Didnt happen to me in a long time... Cant blame it on the lack of volatility, there were plenty of trends...
Can u tell me please what pairs u traded and what the entries.
Even if trading without any system u wouldn't loose 13 consecutive trades.
For sure something wrong.
  • #255
  • Dec 29, 2015 4:58pm Dec 29, 2015 4:58pm
Quoting BillYon
{image}
Great work BillYon.

Your testing shows that there will be opportunities to potentially reap large rewards with aggressive Money Management. I notice that this backtest has an aggressive 18% equity risk per trade and suffered drawdowns in the range of 50%. Neither one of these is bad on its own account, but the person trading must be well aware of the risks to reap the potentially great returns.

I am in the process of optimizing 10 pairs over 4 different time frames (30 min, 1 hr, 4 hr, 1 day) each with the goal of determining the optimum settings and time frames for each pair. Then I will analyze them as a single basket and determine the risk and reward profiles for the basket. Unfortunately, it will take some time to get the results, but when I get the complete picture I will gladly share them.

GREEN pips come to those that put forth the effort to learn and understand the markets. There is no free ride.
  • #256
  • Dec 29, 2015 5:04pm Dec 29, 2015 5:04pm
Quoting Evghen
Hey Mr Lebaneese, thank you very much for sharing your trading style. I like it's simplicity and logic. I just have a few questions if you don't mind to explain... 1. As you said you trade basket of max 12 pairs. And you said you trade 1 lot in every trade. It means you have different % risk in every trade...? What is your total % risk per basket? I'm just wondering because having 1 lot in every trade that's about 10-12 lots per basket. And if the SL is 20-30 pips that's about $2000-$3000 risk per basket. I know that's a basket and it's almost impossible...
perfect questions EV.
For lot size u are absolutely right that lot size should be adjusted but I answered that before it was hard to controlled it with different lot specially if trading low TF like M30, that's why I trade it all same lot size now, and when trading basket trade u will be safe even with different % risk. The key of the system is to take all SIGNALS for ALL PAIRS, u cant choose your trades.
For TP I don't set fix TP I keep them all open until it hit my target or I close them before going to bed and take next day signals.
For signals u should take them ALL and ALL for all pairs u are trading.
I trade it at 4h where the best result was, but I am sure that daily is also good.
  • #257
  • Dec 29, 2015 5:11pm Dec 29, 2015 5:11pm
Quoting BillYon
{image}
Billion I see u used SL 100 pips and TP 120.
I think SL 50 is enough for TP 120, if u want u can try it.
  • #258
  • Dec 29, 2015 6:02pm Dec 29, 2015 6:02pm
Quoting Lebaneese
{quote} The key of the system is to take all SIGNALS for ALL PAIRS, u cant choose your trades.
This is exactly the test that Richard Dennis used to choose his "Turtles" that he divulged his very successful commodity trading system to. They had to accept and trade all signals that were generated for them. If they choose to not trade a particular commodity, they were never allowed to trade it again. In fact Richard Dennis stated that he could publish his system on the front page of the NY Times without worry because almost every trader would eventually try to "out smart" the system and begin picking and choosing their trades. Those that passed the test and were mentored by Mr. Dennis all earned many many millions for themselves.

May GREEN pips continue to fill your account and your life.
  • #259
  • Dec 29, 2015 6:05pm Dec 29, 2015 6:05pm
Quoting Lebaneese
{quote} Billion I see u used SL 100 pips and TP 120. I think SL 50 is enough for TP 120, if u want u can try it.

Yes indeed. I was just showing EA potential results on a single pair optimized for 2015. I too would prefer basket trading this method. This would change my risk approach of course.

Thanks Again!



same set but SL 50
TP 120

Still in profit but...

She must breath a bit deeper
Attached Image (click to enlarge)
Click to Enlarge Name: 50.jpg Size: 235 KB
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  • #260
  • Dec 29, 2015 6:08pm Dec 29, 2015 6:08pm
Quoting SmoothTrader
{quote} This is exactly the test that Richard Dennis used to choose his "Turtles" that he divulged his very successful commodity trading system to. They had to accept and trade all signals that were generated for them. If they choose to not trade a particular commodity, they were never allowed to trade it again. In fact Richard Dennis stated that he could publish his system on the front page of the NY Times without worry because almost every trader would eventually try to "out smart" the system and begin picking and choosing their trades. Those...
Great point
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