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Falling Knives

  • #201
  • Feb 14, 2016 5:37am Feb 14, 2016 5:37am
Quoting bgntrs
Hi Magix I'm a noob so this might be a lil dum. I'm gna try falling knives and would like to share my results but saw that you said no backtesting reports allowed on here. so am I ok to post screenshots of my results or is that not allowed. sorry if it's a stupid Q from what i've seen, cool system! cheers bg

Backtests are for testing the strategy only. It's really only of any benefit if you are learning from the code or verifying the code.

Historical results are not indicitive of future trading and typically are very unreliable as a source of data.

If I let backtests in, there'd be 300 pages of them.

Sorry man, no screenshots either.

But thanks for asking.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202
  • Feb 14, 2016 5:38am Feb 14, 2016 5:38am
Quoting bazze
I'm sure that showing your results is ok, bgntrs But, stay away from backtests ​

I'm still of mind that the best time to test this logic, especially on the M1 charts will be during NY only...after the London close.

Full out range reversals are typically not as prevalent in NY...can happen, but these are exceptional.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203
  • Feb 14, 2016 5:41am Feb 14, 2016 5:41am
​...The default setting, is it good for M15? Because that's the timeframe I used on v1, with one trade still open.
  • #204
  • Feb 14, 2016 5:49am Feb 14, 2016 5:49am
Quoting bazze
​...The default setting, is it good for M15? Because that's the timeframe I used on v1, with one trade still open.

Should be all good for the M15.

I've only really switched up the triggers for in and out making them dependent on another oscillator.

It can afford a little more time on exits when combined with the Moving Averages.


In addition, the trend change signal is Stochs Based and will look for periods of overbought/oversold for cost averaging and pyramiding to close.

Actually kind of nifty how it works.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #205
  • Feb 14, 2016 6:59am Feb 14, 2016 6:59am
I have been waiting for this kind of strategy to surface in ff for a while now.
Congrat on this new thread magix.
Holy grail, pls pm
  • #206
  • Feb 14, 2016 7:12am Feb 14, 2016 7:12am
Quoting Magix
{quote} Backtests are for testing the strategy only. It's really only of any benefit if you are learning from the code or verifying the code. Historical results are not indicitive of future trading and typically are very unreliable as a source of data. If I let backtests in, there'd be 300 pages of them. Sorry man, no screenshots either. But thanks for asking.
No worries dude! will just let you know how much the sucker is making haha!
  • #207
  • Feb 14, 2016 10:29am Feb 14, 2016 10:29am
Quoting Magix
{quote} Should be all good for the M15. I've only really switched up the triggers for in and out making them dependent on another oscillator. It can afford a little more time on exits when combined with the Moving Averages. In addition, the trend change signal is Stochs Based and will look for periods of overbought/oversold for cost averaging and pyramiding to close. Actually kind of nifty how it works.
  • #208
  • Feb 14, 2016 10:42am Feb 14, 2016 10:42am
Quoting iamgotzaa
I have been waiting for this kind of strategy to surface in ff for a while now. Congrat on this new thread magix.

Hey IAMG!

Nice to see ya still kicking around.

This one is still a very serious risk EA, but still kind of fun to play with...will see how it makes out over the next couple weeks.

Welcome aboard, dude.

I'd be grateful to see/hear any of your insights into the logic.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #209
  • Feb 14, 2016 10:44am Feb 14, 2016 10:44am
Quoting bgntrs
{quote} No worries dude! will just let you know how much the sucker is making haha!

Adding a Trade Explorer here in FF, like the one at the top of the page, or using myfxbook and posting is appreciated as well.

With the more people that do this and share the time frame and delay, we can build a high probability Trade Pair list.

One of the benefits of working with a few others.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #210
  • Feb 14, 2016 10:48am Feb 14, 2016 10:48am
Okay...

So, let's say you decide to run this live...

And you even want to just stick to NY session...

And NY closes and you have a fucking zillion open positions...

But now, you just want to close them down, take what the day has offered, be it profit or loss...

I have added a Close All Open template and EA to the first post. Drop the EA into your experts folder, and add the .tpl to your templates folder, same as we did with V1. All you will have to do is add this template to any chart and it will do the rest, aggressively hammer closing ALL OPEN POSITIONS ON ALL PAIRS!

Be sure to disable AutoTrading afterwards...don't really want this to be closing trades as fast as FK1 or FK2 can open.

Having worked with grids and Martingales for years...sometimes you just have to bite the bullet to live to fight another day...this makes it a lot easier.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #211
  • Feb 14, 2016 1:17pm Feb 14, 2016 1:17pm
Is anybody going to be running V1 & V2 side by each with a fresh start on the week?

Any time frame, don't matter.

I want a true comparison of these 2 versions.

If you are and can add a couple of Trade Explorers for Comparison purposes, it would be greatly appreciated.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #212
  • Feb 14, 2016 2:45pm Feb 14, 2016 2:45pm
Quoting Magix
Is anybody going to be running V1 & V2 side by each with a fresh start on the week? Any time frame, don't matter. I want a true comparison of these 2 versions. If you are and can add a couple of Trade Explorers for Comparison purposes, it would be greatly appreciated.
hi there magix

i want to test it for you pal. do you want me to test the same pairs on the same broker or the same pairs on different brokers? Im looking to do it on the 1 minute chart.

i'm gna use random pairs or should I use some specific pairs?

also i know you said the NYE time is probs best, but i'm looking to start it as soon as the sydney open opens, which is very soon lol

what you recommend?

thanks

bg
  • #213
  • Feb 14, 2016 2:47pm Feb 14, 2016 2:47pm
Quoting Magix
Is anybody going to be running V1 & V2 side by each with a fresh start on the week? Any time frame, don't matter. I want a true comparison of these 2 versions. If you are and can add a couple of Trade Explorers for Comparison purposes, it would be greatly appreciated.
Hi man,I will test it too. Kind regardsBen
  • #214
  • Feb 14, 2016 2:54pm Feb 14, 2016 2:54pm
Quoting bgntrs
{quote} hi there magix i want to test it for you pal. do you want me to test the same pairs on the same broker or the same pairs on different brokers? Im looking to do it on the 1 minute chart. i'm gna use random pairs or should I use some specific pairs? also i know you said the NYE time is probs best, but i'm looking to start it as soon as the sydney open opens, which is very soon lol what you recommend? thanks bg
Quoting kleybenny
{quote} Hi man,I will test it too. Kind regardsBen

Preferences...Same brokers, same pairs, same delay, same timeframe...I just want to compare the triggering between both of them.

Would be better to have them run 24/5, that way, we can get a better feel for the situation.

If you guys could do that, it'd be awesome.

Post Trade Explorer links here and I can reference them on the first post or link them to the thread.


Thanks!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #215
  • Feb 14, 2016 2:58pm Feb 14, 2016 2:58pm
Quoting Magix
{quote} {quote} Preferences...Same brokers, same pairs, same delay, same timeframe...I just want to compare the triggering between both of them. Would be better to have them run 24/5, that way, we can get a better feel for the situation. If you guys could do that, it'd be awesome. Post Trade Explorer links here and I can reference them on the first post or link them to the thread. Thanks!
no worries. am i changing the delay to 60 secs if using 1min chart?
  • #216
  • Feb 14, 2016 3:00pm Feb 14, 2016 3:00pm
Quoting bgntrs
{quote} no worries. am i changing the delay to 60 secs if using 1min chart?
Sure...

I think basill had his set to 120 seconds last week for the run, but not terribly sure.

Hell, you can even go to 300 if you want, as long as the same on all pairs and both traders.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #217
  • Feb 14, 2016 3:08pm Feb 14, 2016 3:08pm
Quoting Magix
{quote} Sure... I think basill had his set to 120 seconds last week for the run, but not terribly sure. Hell, you can even go to 300 if you want, as long as the same on all pairs and both traders.
my second computer has conked out

am i ok to trade same pairs on different brokers or is that no good? or am i ok to open the same pair twice on same broker. apologies for my noobness.
  • #218
  • Feb 14, 2016 3:12pm Feb 14, 2016 3:12pm
Quoting bgntrs
{quote} my second computer has conked out am i ok to trade same pairs on different brokers or is that no good? or am i ok to open the same pair twice on same broker. apologies for my noobness.

The same pair on the same account with 2 different versions will have them tripping over their nuts duplicating trades.

To get a true statistic analysis, all variables have to be identical.

Timeframe, pairs, delay, start time.....

No apologies necessary, better to ask and know than keep quiet and not.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #219
  • Feb 14, 2016 3:20pm Feb 14, 2016 3:20pm
Quoting Magix
{quote}.....tripping over their nuts......

Oh my... that's an interesting visual image.
  • #220
  • Feb 14, 2016 3:26pm Feb 14, 2016 3:26pm
Quoting Magix
{quote} The same pair on the same account with 2 different versions will have them tripping over their nuts duplicating trades. To get a true statistic analysis, all variables have to be identical. Timeframe, pairs, delay, start time..... No apologies necessary, better to ask and know than keep quiet and not.
thanks for the advice, really appreciate it

i know it won't be accurate but i'll still run with different brokers and see how it goes.
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