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Falling Knives

  • #161
  • Feb 12, 2016 9:23am Feb 12, 2016 9:23am
Quoting Basill
Holy shit. Lets see if it can get outa this one.. {image}

It would be at this point when the Pyramiding in trade direction kicks in and isn't restricted by anything other than direction and time.

This is where shit gets real. FAST.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #162
  • Feb 12, 2016 9:26am Feb 12, 2016 9:26am
Quoting zigler
Hi all, Magix, just want to show some example maybe we could do something about it? Here is the 2 trade in Yellow circles 1'st it take a small profit and 2nd EA ignores the run up and close trade near BE.. Surely cannot write rules for everything {image}

Triggering in and triggering out...yup, definitely needs to be tightened up a little.

I will do a little work over the weekend, maybe...

Definitely want to see a little better on this side and have even thought out an additional closing logic that would have seen my EURUSD trades closed in profit instead of being held and added to.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #163
  • Feb 12, 2016 9:36am Feb 12, 2016 9:36am
Quoting Reamasesa
{quote} Well, I blew my share of live accounts so I've decided to stop, go back to basics and go with cent accounts for testing cause I saw a very different picture when I only used demo accounts. When I'm more able, I'll open a small regular account and nurture it till then... well, I'm stuck with the centies. Just for the laughs of it and since my account is ready to die, I threw The Thing on a GJ 15M chart on my cent account. Let's see how it fairs, maybe it'll save my account, maybe not, gonna be a thrill to watch it either way.

I definitely agree with what you are saying moving from demo to live and it being completely different.

I've tried several brokers in matching live to demo results and am happy with my current.

Alternately, cloning trades from Demo to Live does have some advantages too in that this will provide almost exact results, matched up. Latency can be an issue with Live on clone, but latency on live can suck balls on its own.

Quoting Reamasesa
Not sure if it's meant to or not, but I also attached it to a Renko chart. Buckle up
This could be interesting...what size of brick and what are you using for the Delay?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #164
  • Feb 12, 2016 11:52am Feb 12, 2016 11:52am
Hi,

How should I buy this one after 29th. also if you can please explain how this EA will manage my funds. for example in this month USD JPY gone more 800 pips. in this system how should I protect my money from this type of market moving.
  • #165
  • Feb 12, 2016 12:03pm Feb 12, 2016 12:03pm
lol, here it comes take cover!
  • #166
  • Feb 12, 2016 12:27pm Feb 12, 2016 12:27pm
Quoting IreshChathu
Hi, How should I buy this one after 29th. also if you can please explain how this EA will manage my funds. for example in this month USD JPY gone more 800 pips. in this system how should I protect my money from this type of market moving.

I haven't made any decisions on licensing yet...honestly, I had no idea how this would truly react to market conditions in a live setting. Prior to this week, I haven't ever even worked with the combination of ideas in an automated setting, so this week is a learning curve for us all.

How will the EA manage funds?
There are a couple of pieces of hard coded logic in the EA to manage funds, exiting trades both in and out of profit depending on the situation.
In addition...I may have stretched the truth a little on the stop loss as there is one coded into the software, currently set to $1000, per trade pair. So, if any pair this week would have exceeded $1000 in accumulated drawdown, all trades would be automatically closed. This Stop Loss value, if were under a licensed release would be user defined allowing you to set your own personal thresholds for loss.

Moving forward, there are some actual logic changes that I would like to make but will see what they look like on private before another release of public.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #167
  • Feb 12, 2016 4:08pm Feb 12, 2016 4:08pm
Magix, I had to try it on my live acc., and here are todays results Thank you​ H​ave a nice weekend
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 7 KB
  • #168
  • Feb 12, 2016 4:43pm Feb 12, 2016 4:43pm
Quoting bazze
Magix, I had to try it on my live acc., and here are todays results Thank you​ H​ave a nice weekend {image}

Played it safe and came up with beer money for the weekend!

Nicely Done Bazze!!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #169
  • Feb 12, 2016 5:34pm Feb 12, 2016 5:34pm
I'm a safe guy in the start, and after that I'm a ​ I'll take a couple of beer for you too, my friend
  • #170
  • Feb 12, 2016 6:23pm Feb 12, 2016 6:23pm
Quoting Magix
{quote} I haven't made any decisions on licensing yet...honestly, I had no idea how this would truly react to market conditions in a live setting. Prior to this week, I haven't ever even worked with the combination of ideas in an automated setting, so this week is a learning curve for us all. How will the EA manage funds? There are a couple of pieces of hard coded logic in the EA to manage funds, exiting trades both in and out of profit depending on the situation. In addition...I may have stretched the truth a little on the stop loss as there is...
Thank you my friend,

I am very interested about this because this is the same thing I have done in manually. That's very difficult to manage. also this was nice experience in my 1st time in auto trading.

can I know please how did this EA decide the right side. I mean how this decide the 1st entry. Also you have mentioned that you have use hedging. That mean if the trend goes wrong do this enter in to opposite trade.
  • #171
  • Feb 12, 2016 6:45pm Feb 12, 2016 6:45pm
Quoting Basill
Holy shit. Lets see if it can get outa this one.. {image}
I get the feeling this EA has a "Brain" It took profit on those SP500 trades then took more trades to be in DD big time again. However my analysis of the SP500 is that by Wednesday all those trades will be TPd at a profit. This EA appears to be able to look into the future. Time will tell.
Look Left Trade Right
  • #172
  • Feb 12, 2016 6:56pm Feb 12, 2016 6:56pm
Quoting Basill
{quote} I get the feeling this EA has a "Brain" It took profit on those SP500 trades then took more trades to be in DD big time again. However my analysis of the SP500 is that by Wednesday all those trades will be TPd at a profit. This EA appears to be able to look into the future. Time will tell.
Interesting that on running 2 demo's the trade patterns for most pairs are fairly similar but for the SP500 extremely different. The demo I would use for live is much more conservative with this pair.

The overall trading for yesterday was fairly even over both brokers.
Gonna be an interesting week next week.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: SPX500M1.png Size: 40 KB
Click to Enlarge Name: #SP500M1.png Size: 47 KB
Look Left Trade Right
  • #173
  • Feb 12, 2016 7:42pm Feb 12, 2016 7:42pm
Quoting Basill
{quote} I get the feeling this EA has a "Brain" It took profit on those SP500 trades then took more trades to be in DD big time again. However my analysis of the SP500 is that by Wednesday all those trades will be TPd at a profit. This EA appears to be able to look into the future. Time will tell.

I think you should scroll back in your experts and journal tabs on your broker. Look for errors where the other S&P Trades closed.

It would seem to me that there was a failure to close these trades under error and the logic continued to cost average.

This is my one fear about running the fast frames.

ORPHANS!

When there is an orphan trade and the trend according to logic changes, it will continue to use the pyramid logic to Hammer Close at profit or at counter close trigger.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #174
  • Feb 12, 2016 7:43pm Feb 12, 2016 7:43pm
Quoting bazze
I'm a safe guy in the start, and after that I'm a ​ I'll take a couple of beer for you too, my friend

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #175
  • Feb 12, 2016 8:01pm Feb 12, 2016 8:01pm
Quoting IreshChathu
{quote} Thank you my friend, I am very interested about this because this is the same thing I have done in manually. That's very difficult to manage. also this was nice experience in my 1st time in auto trading. can I know please how did this EA decide the right side. I mean how this decide the 1st entry. Also you have mentioned that you have use hedging. That mean if the trend goes wrong do this enter in to opposite trade.

In spite of the name, Falling Knives, there is actual trend definition and triggering based in this.

The rest, though seemingly blind en masse triggering, is actually fairly specific by function. When the trend reverses, there are 2 pieces of logic that will kick in. One is an aggressive cost average to profit out close or to try and buy back a little recovery, while the newly defined trend looks to capitalize on the change in trend, effectively hedging the primary trend.

In these, they are always looking to capitalize on either a retrace to trend or to test supply and demand zones as new resistance and support levels, dynamically.

If this sounds complicated, it kind of is.

The thing about it is, it was accomplished by some of the simplest coding you have most likely ever come across.

The market is a series of "If's" and "When's"...this EA is little more than simple logic looking to exploit them.

I hid a couple of bread crumbs in the Template posted with EA, and the rest you can find in my first 2 sentences in the thread.

Quoting Magix
What if everything you've been told about market, is wrong?
Is that the reason that so many people fail?
I did have a great sense that this logic would do well...but only time will tell how well it can actually do.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #176
  • Feb 13, 2016 10:19am Feb 13, 2016 10:19am
Quoting Magix
{quote} In spite of the name, Falling Knives, there is actual trend definition and triggering based in this. The rest, though seemingly blind en masse triggering, is actually fairly specific by function. When the trend reverses, there are 2 pieces of logic that will kick in. One is an aggressive cost average to profit out close or to try and buy back a little recovery, while the newly defined trend looks to capitalize on the change in trend, effectively hedging the primary trend. In these, they are always looking to capitalize on either a retrace...
Thanks a lot. I also started to test 3 major pairs. I'll let you know the results by next Friday. Hope this will help all of us.
  • #177
  • Feb 13, 2016 10:26am Feb 13, 2016 10:26am
Hi Magix,

I would just like to say thank you for this EA. I am currently using a 1M chart with 300s setting. This EA is attached to the 9 majors. On Friday I banked 690 pips in 7 hours. Currently I have quite a bit of DD, but I am sure it will turn around. I am using a DEMO account, will see how things develop, up to and including Wednesday, will then decide if I have big enough BALLS to take this BazukA live or not.
Normally I trade manually, but I must say, that this is the most fun I have ever had.
Thanks again.
Have a great weekend.

Regards

The Wolf
  • #178
  • Feb 13, 2016 10:40am Feb 13, 2016 10:40am
Look at this FuckFace PM'd me lol
Don't have guts to reply here
Attached Image
The Earlier You Start, The More Time You Have To Mess Up.
  • #179
  • Feb 13, 2016 11:19am Feb 13, 2016 11:19am
Quoting bigbadwolf74
Hi Magix, I would just like to say thank you for this EA. I am currently using a 1M chart with 300s setting. This EA is attached to the 9 majors. On Friday I banked 690 pips in 7 hours. Currently I have quite a bit of DD, but I am sure it will turn around. I am using a DEMO account, will see how things develop, up to and including Wednesday, will then decide if I have big enough BALLS to take this BazukA live or not. Normally I trade manually, but I must say, that this is the most fun I have ever had. Thanks again. Have a great weekend. Regards...

It is kinda fun, hey??

Perhaps Reamasesa can report back any good findings on his thread HERE and allow a few more with big brass balls and a couple of bucks to gamble with to join in the action.

I've found a couple of ideas to inc into the Falling Knives triggering logic, one more close in profit on a trend change and another idea for the pyramiding to help reduce the amount of trades.

Very kewl shit!

I will launch it next week on a demo and see if it can compete with the rest of the M1 traders and perhaps release a copy for all others to try.

Thanks for reporting in, dude.

Feel free to throw a TE our way so we can compare the pairs that play the best.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #180
  • Feb 13, 2016 11:20am Feb 13, 2016 11:20am
Quoting Anonymous32
Look at this FuckFace PM'd me lol Don't have guts to reply here {image}

lol

The fuckface probably has a message in my PM box too...sadly for him, when he's on ignore, he can't post in my thread, on my shouts nor does he show up in a PM.

Poor FuckFace.

lol

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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