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trend catching with NonLagDot indicator

  • #341
  • Jan 4, 2016 12:56pm Jan 4, 2016 12:56pm
Hi Lebaneese,

first thanks for sharing you system. How many pips the price has to move beyond the retracement candle in order to consider it as a valid break? Does this number change according to the time frame?
Thank you

Marco
  • #342
  • Jan 4, 2016 1:44pm Jan 4, 2016 1:44pm
[quote=Dave_C;8669076]
Quoting forexday
Hi Dave C, Do you have an indi that will open a trade with lot size, stop loss and take profit all at once. Off course the trader will manually insert all this into the indi and change the information if and when the need arises. Thanks and happy trading.[/quote ​Try these links https://www.cashbackforex.com/en-us/...aspx?ItemId=21 https://www.cashbackforex.com/en-us/...aspx?ItemId=22
Thank you Dave...
  • #343
  • Jan 4, 2016 2:43pm Jan 4, 2016 2:43pm
Quoting iPlaton
{quote} Hi Dave C, why not use simple calculations lot size ? //+------------------------------------------------------------------+ //| Calculate optimal lot size | //+------------------------------------------------------------------+ double LotsOptimized() { double FreeMargin = AccountFreeMargin(); double One_Lot = MarketInfo(Symbol(),MODE_MARGINREQUIRED); double Min_Lot = MarketInfo(Symbol(),MODE_MINLOT); double Step = MarketInfo(Symbol(),MODE_LOTSTEP); if (FixedLotSize>0) { double Money = FixedLotSize*One_Lot; if (Money <= FreeMargin) WagerLots...
Your calculations are only valid if your home currency is the first mentioned currency in the pair being traded and makes no allowance for StopLoss, StopLossMultiple and related currency calculations. Most of the coding is to allow for accurate Risk % calculations based on your home currency.

As an example if you are trading EURUSD with a $1000 account and leverage of 100:1 and 2% risk and a stop loss of 50 pips and your base currency is AUD,

Lot size is .04 x .67 (AUDEUR approx. rate) = .03 (.0268 rounded)
If the StopLossMultiple was 1.5 and this was a wager after a first loss then the wager would be .0268 X 1.5 = .04 (.0402 rounded)
  • #344
  • Jan 4, 2016 2:48pm Jan 4, 2016 2:48pm
thx for this simple Method of trading .
I won by it 76 pips in 6 4 trades and i lose 2 trade 11 pips
  • #345
  • Edited 6:46pm Jan 4, 2016 3:20pm | Edited 6:46pm
I know some posters have no interest in the EA at all and I accept that, but the reason I am posting these results is to highlight how important money management really is.

Of particular interest is the highlighted result which was achieved with a .5% risk factor. This optimization based on the AUDUSD 2015 results took about 5 hours to run and I have cut down the range of some parameters (notably TP and Length) to save time. The optimization parameters are in the last diagram and I have enclosed a spreadsheet copy of the optimization for you to explore.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-01-05 07_18_19-NonLagDot_AUDUSD_30_2015.xlsx - Excel.jpg Size: 301 KB
Click to Enlarge Name: 2016-01-05 06_08_03-2033600_ GlobalPrime-Demo - Demo Account.jpg Size: 161 KB
Click to Enlarge Name: 2016-01-05 06_08_20-2033600_ GlobalPrime-Demo - Demo Account.jpg Size: 111 KB
Click to Enlarge Name: 2016-01-05 10_16_52-Microsoft Edge.jpg Size: 88 KB
Attached File(s)
File Type: xlsx NonLagDot_AUDUSD_30_2015.xlsx   39 KB | 337 downloads
  • #346
  • Jan 4, 2016 3:48pm Jan 4, 2016 3:48pm
Hello Dave_C
Thanks for the work on the EA. Do you think its going to work on a renko chart?
Also, i noticed the pending order cancels when an opposite signal shows, but is it possible for the order to be canceled and replaced when a lower opposite candle forms so as to get a better entry?
Let your plan trade for you, not your emotion!!!
  • #347
  • Jan 4, 2016 3:50pm Jan 4, 2016 3:50pm
I closed 2 more baskets today on my demoaccount. One 100 pip basket on the M30 charts and one 200 pip on the 1H chart.
  • #348
  • Jan 4, 2016 3:55pm Jan 4, 2016 3:55pm
Quoting SeaTheStars
I closed 2 more baskets today on my demoaccount. One 100 pip basket on the M30 charts and one 200 pip on the 1H chart.
Great results. At this rate you'll be right there with Lebanesse harvesting the GREEN pips weekly.

Keep up the good work.
  • #349
  • Jan 4, 2016 3:57pm Jan 4, 2016 3:57pm
Quoting SmoothTrader
{quote} Great results. At this rate you'll be right there with Lebanesse harvesting the GREEN pips weekly. Keep up the good work.
I am on a 21 for 21 run but losses will surely come. Good thing so far is that at least 2 pairs always trended really nicely and offset the small losses.
  • #350
  • Edited Jan 5, 2016 1:00am Jan 4, 2016 4:03pm | Edited Jan 5, 2016 1:00am
Quoting xremmy
Hello Dave_C Thanks for the work on the EA. Do you think its going to work on a renko chart? Also, i noticed the pending order cancels when an opposite signal shows, but is it possible for the order to be canceled and replaced when a lower opposite candle forms so as to get a better entry?
​Re Renko: Just insert the following line at line 96
Close[1] = (Open[1]+High[1]+Low[1]+Close[1])/4;

Re Order being cancelled: Order is only cancelled when the previous bar Non Lag dot changes colour. If there is a lower opposite bar without a change of color, the order remains as original. Could be with the extremity of the most recent candle but I wouldn't recommend it.
  • #351
  • Jan 4, 2016 4:22pm Jan 4, 2016 4:22pm
Quoting Dave_C
... I am posting these results is to highlight how important money management really is. Of particular interest is the highlighted result with was achieved with a .5% risk factor...
Without good money management, even the best trading system can blow-up in your face, and this is why Dave's testing is so important.

Hopefully people noticed that his results not only show impressive potential, but also show manageable maximum drawdowns too. Was 0.5% risk the most profitable, no, but it had lowest Drawdown % of the top 50 most profitable combinations that he tested.

This is a excellent "In Sample" candidate and should now be run "Out of Sample" for 2014. If the results are still acceptable, it should then be run on a "Long-Term" test for the past 5 years or more. Dave has done the hard part, spending over 5 hours running the optimization testing, and now it would take only a couple of moments to run the other two tests with the input set that Dave has provided. From those results, you can see if it is worth the time and effort to forward test the system or not.

No one set of inputs will be right for every one. Each individual trader has to learn what is comfortable for themselves. Some are willing to accept more risk in the hopes of ever greater returns, some want a quiet steady set that won't disrupt their sleep, and then there is everyone else in between. Each trader has to truly "know thy self" so that they can enjoy this profession we call trading.

Thank you again Dave for the excellent EA's that have made it easier to test and refine Mr. Lebanesse's wonderful system. Your 5 hours of CPU time with good data and insightful analysis has saved many "man years" of forward testing to find acceptable inputs, and that is what backtesting is all about.

May GREEN pips not only fill your accounts but also your lives as well.
  • #352
  • Jan 4, 2016 5:12pm Jan 4, 2016 5:12pm
Quoting SeaTheStars
I closed 2 more baskets today on my demoaccount. One 100 pip basket on the M30 charts and one 200 pip on the 1H chart.
Essentially going for 1:1. Either lose 100 pips or gain 100. Whatever happens first correct?
  • #353
  • Jan 5, 2016 1:59am Jan 5, 2016 1:59am
Quoting SmoothTrader
{quote} This is a excellent "In Sample" candidate and should now be run "Out of Sample" for 2014. If the results are still acceptable, it should then be run on a "Long-Term" test for the past 5 years or more.
During my trading years I have not seen a system that works as it is more than 6 months in a row. After that market has changed so much that bigger adjustments are needed or even the system itself has to be quit. I remember cases from the past when I also used to backtest much that sometimes I finished backtesting a promising system right at the moment when the system stopped working. So, backtest for 5 years with same parameters has no sense at all. Maximum is 6 months, otherwise it is waste of time.
And one more thing - backtesters and demo traders rarely become successful in real trading. Only way to advance in this game is to get out from paper trading as soon as possible. If you like a system visually then start trading it with tiny lots and that's it. If you lose then you lose, no problems, because anyway you should never trade with money that you cannot afford to lose.
  • #354
  • Jan 5, 2016 2:46am Jan 5, 2016 2:46am
I want to thank Dave and Lebanese for their efforts...

Had a long streak of loosers when I started this, with real money...BUT, just watching th charts to the past, and Daveīs positive backtesting makes you wonder...there is no commercial interest....here...

One trade yesterday recovered all my losses and more...then I had two more winners.
I trade manually, 4 H (started with 5 Minutes , literally), divide my postiion in 3 (Oanda, no lots), by my original R, enter on the first signal, and add 2 more pending orders on obvious stop run swings in the 15 minute chart, beginning at a cheaper price...from original entry...My fist stop is 1 bar .

The idea: if I get hit in the beginning it will never be a full R...BUT if I hit my TP, it will be a 3 R.
I trail manually: 3 4h (non inside bar) trail..that gives plenty of space...and reverse on a negative signal.

You need to take into consideration stop running...it is the sport of the big boys, their algos are programmed to hit the "liquidity pools" as they call them..I try to spot them and enter right there...not easy but rewarding...remember only 6 Big Banks hold 60% of the total volume (you can google it)..and they can see all orders..
It is amazing how agressive they have become, and Iīm not talking about news, of course thatīs also an opportunitiy for them...Just watch any chart, most of the majour moves begin with a stop run..fueled by retailer money.

Anyway, thanks a lot guys...I will keep posting my results here and there..then people can compare...
  • #355
  • Jan 5, 2016 3:35am Jan 5, 2016 3:35am
Quoting fxfury
{quote} Essentially going for 1:1. Either lose 100 pips or gain 100. Whatever happens first correct?
Yes. I mark the SL for each trade using the PSAR standard. And I manually close if up/down 100 pips. Biggest down so far was 90 pips, so close.
  • #356
  • Jan 5, 2016 3:43am Jan 5, 2016 3:43am
Greetings to everyone!

Hey Mr Lebaneese, would like to bother you with a few more questions:

1. Did you notice what Draw-downs did you get on your baskets before it hit the TP?
2. Did you get better results trading fixed lot in every trade or calculating percentage foe every trade was better?
3. Do you always set the SL at the previous high/low? What is your average SL for M30?

Thanks again for your support!
Best luck to everyone!
  • #357
  • Jan 5, 2016 3:52am Jan 5, 2016 3:52am
Quoting SeaTheStars
{quote} Yes. I mark the SL for each trade using the PSAR standard. And I manually close if up/down 100 pips. Biggest down so far was 90 pips, so close.
Which pairs do you watch for your basket?
  • #358
  • Edited 2:10pm Jan 5, 2016 4:25am | Edited 2:10pm
​Please all posters. The previous results are curve fitted. Forward tests are hard but out of sample is good confirmation. This thread belongs to Lebaneese and I get my greatification from informed posts rather than from the knockers who if you look at their track record and the people who they have banned, you will understand why I would never respond to their uneducational posts.
  • #359
  • Jan 5, 2016 4:35am Jan 5, 2016 4:35am
[quote=fxfury;8670678]{quote} Do you still trade 1 lot on H4, close out with $1000 profit, I am assuming a few different parameters used than 30m. Nice trends this week and last week for this approach.[/quote​

4H is of course different trading as MM but for entries it is the same.
for lot size u have to calculate each pair alone (4H)
4H isn't traded as basket should be traded each pair alone and no closing at 1000$ bcz not always u have trades on 4H charts.
  • #360
  • Jan 5, 2016 4:37am Jan 5, 2016 4:37am
[quote=L.m;8670856]Hi Lebaneese, first thanks for sharing you system. How many pips the price has to move beyond the retracement candle in order to consider it as a valid break? Does this number change according to the time frame? Thank you Marco[/quote

​For me break is a break , and 1 pip is enough for break confirmation.
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