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Falling Knives

  • #341
  • Feb 16, 2016 11:11am Feb 16, 2016 11:11am
We all knew this was going to happen in a strong trend. Maybe not to be traded during London?

Just got up a while ago so missed the trend.

After seeing this am fine tuning which pairs to go with. Just looking for the ones that have gone into consolidation to run the EA on. Will see how that works out today. Still way up on pips so far.
  • #342
  • Feb 16, 2016 11:40am Feb 16, 2016 11:40am
I just wanted to give a thumbs up to Magix, for thinking outside the box.

While I couldn't get your EA to work on my platform, I coded something similar, and am performing forward testing now.

Hopefully all these eyes on the system will yield some additional ideas.
  • #343
  • Feb 16, 2016 11:40am Feb 16, 2016 11:40am
Quoting tradertron
We all knew this was going to happen in a strong trend. Maybe not to be traded during London? Just got up a while ago so missed the trend. After seeing this am fine tuning which pairs to go with. Just looking for the ones that have gone into consolidation to run the EA on. Will see how that works out today. Still way up on pips so far.

Not really a strong trend, more like a strong trend reversal.

GBPJPY is caught in the M1 trap on longs, what Bazze was trapped on the M15 for GBPJPY Shorts.

Again, logic thing.

Typically, we see enough of a retrace on pairs to allow these to exit, but every once in a while...they go a lot deep.

Finding the perfect criteria, cost averaging and trend detection is almost impossible. The ideas behind all of the Falling Knives is to find the highest probabilities and work with losses to shallow gains...

Delicate balance and if it were easy, everybody would be auto, nobody would trade live.

This just happens to be for some that can use the tool effectively and who understand the risks.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #344
  • Feb 16, 2016 11:45am Feb 16, 2016 11:45am
Quoting almo
I just wanted to give a thumbs up to Magix, for thinking outside the box. While I couldn't get your EA to work on my platform, I coded something similar, and am performing forward testing now. Hopefully all these eyes on the system will yield some additional ideas.

Thanks Almo.

I have worked with similar ideas, this just happens to be a lot more aggressive in nature.

That may be to it's success, may also lead to it's demise, all user dependent and definitely a lot to do with personal thresholds.

As far as it has come, I think I still have a few more ideas that may be added into the mix, but will see how these current work and look to adapt from here.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #345
  • Feb 16, 2016 12:01pm Feb 16, 2016 12:01pm
This is (my) live (account) and very exciting

My GJ M15 FK1 trade closed for 15 pips, FK2 is on CJ and UC, both M15, so far only UC triggered.

Magix, I plan on throwing both of them on separate demo accounts (even though results on demo for my broker are different from live) on as many pairs as the accounts can hold, what would you recommend as a starting equity for each pair on M15 and M1? 1000$? More?


Thanks for this toy
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 51 KB
  • #346
  • Feb 16, 2016 12:05pm Feb 16, 2016 12:05pm
Lol this AUDCAD fckd up today
The Earlier You Start, The More Time You Have To Mess Up.
  • #347
  • Feb 16, 2016 12:06pm Feb 16, 2016 12:06pm
Quoting Magix
{quote} Not really a strong trend, more like a strong trend reversal. GBPJPY is caught in the M1 trap on longs, what Bazze was trapped on the M15 for GBPJPY Shorts. Again, logic thing. Typically, we see enough of a retrace on pairs to allow these to exit, but every once in a while...they go a lot deep. Finding the perfect criteria, cost averaging and trend detection is almost impossible. The ideas behind all of the Falling Knives is to find the highest probabilities and work with losses to shallow gains... Delicate balance and if it were easy, everybody...
Yeah... it's like you said yesterday... using it more as a utility.
  • #348
  • Feb 16, 2016 12:17pm Feb 16, 2016 12:17pm
Quoting Anonymous32
Lol this AUDCAD fckd up today
Mine is starting to recover quite nicely
  • #349
  • Feb 16, 2016 12:28pm Feb 16, 2016 12:28pm
Quoting Magix
{quote} The Delay is the minimum amount of time between trades, in seconds. If you are trading on an M5 chart and you have this set to 60 seconds, it could possibly trade 5 times inside of a single M5 candle as long as the grid requirement is met. If you are trading an M1 chart and have the delay set to 60 seconds, if the criteria is met, it will trade once every 60 seconds as for cost averaging and trigger logic. M5 - 300 seconds minimum M15 - 900 seconds as a minimum As long as you select a delay that is greater than equal to the time frame, you...
Thank you for the answer.

It trades 0.1 beacuse i defined 0.1 in the fk2 parameters.

If i set prifit to 10$ it closes all the positions of a currency after 10$ profit? I kept to 1$ with 0.1 and it closed many position with bigger profit that 1$.

Suggestion : you could had a max number of trade to avoid fantastic drawdown like the one you have on gbpjpy.

Tx
S
  • #350
  • Feb 16, 2016 12:31pm Feb 16, 2016 12:31pm
Profit setted to 1$, shouldn' have closed the positions?
Attached Image (click to enlarge)
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  • #351
  • Feb 16, 2016 12:37pm Feb 16, 2016 12:37pm
Quoting Reamasesa
This is (my) live (account) and very exciting My GJ M15 FK1 trade closed for 15 pips, FK2 is on CJ and UC, both M15, so far only UC triggered. Magix, I plan on throwing both of them on separate demo accounts (even though results on demo for my broker are different from live) on as many pairs as the accounts can hold, what would you recommend as a starting equity for each pair on M15 and M1? 1000$? More? Thanks for this toy {image}
Whatever amount you are ok with likely losing.
  • #352
  • Feb 16, 2016 12:45pm Feb 16, 2016 12:45pm
Quoting sbenichou1
Profit setted to 1$, shouldn' have closed the positions? {image}

The logic requires a minimum profit and a counter signal.

If the signal isn't present, the trades do not close.

Feel free to manually close when you have made enough money.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #353
  • Feb 16, 2016 12:48pm Feb 16, 2016 12:48pm
driving car w/o break.it can be done with very slow speed.this will take you target in years instead of hours.nice try
  • #354
  • Feb 16, 2016 12:49pm Feb 16, 2016 12:49pm
Quoting Reamasesa
This is (my) live (account) and very exciting My GJ M15 FK1 trade closed for 15 pips, FK2 is on CJ and UC, both M15, so far only UC triggered. Magix, I plan on throwing both of them on separate demo accounts (even though results on demo for my broker are different from live) on as many pairs as the accounts can hold, what would you recommend as a starting equity for each pair on M15 and M1? 1000$? More? Thanks for this toy {image}

I set up my accounts based on $500 gamble per pair, max $2k per account and run from there.

That is what I am willing to lose, so that is what I am willing to risk.

As for the Stop loss...I keep it above the balance of my account. Reason being...That's what these accounts are intended for.

I want all of my demos to match my personal threshold for loss...so I set em up accordingly. If the accounts blow, I either reload or move onto another idea.

M15, you can use a lot less for Equity, but set your grid to a lot greater tolerance and have a stop loss value set. These will most likely play out well, but the current grid at 2 of a couple of these versions is a little skinny.

Work with 10, 15, 30...see which one works out best for ya.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #355
  • Feb 16, 2016 12:50pm Feb 16, 2016 12:50pm
Quoting Jhlewis10
{quote} Whatever amount you are ok with likely losing.
100% agree.

These might make you a couple bucks. They might just keep you entertained.

But if you are trading with money you cannot afford to lose or aren't prepared to lose...I've probably got some really bad news for ya.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #356
  • Feb 16, 2016 12:50pm Feb 16, 2016 12:50pm
Quoting tradertron
{quote} Yeah... it's like you said yesterday... using it more as a utility.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #357
  • Feb 16, 2016 1:34pm Feb 16, 2016 1:34pm
Quoting Reamasesa
{quote} Mine is starting to recover quite nicely
Yup started recovering lil bit.
The Earlier You Start, The More Time You Have To Mess Up.
  • #358
  • Feb 16, 2016 2:03pm Feb 16, 2016 2:03pm
Quoting Reamasesa
This is (my) live (account) and very exciting My GJ M15 FK1 trade closed for 15 pips, FK2 is on CJ and UC, both M15, so far only UC triggered. Magix, I plan on throwing both of them on separate demo accounts (even though results on demo for my broker are different from live) on as many pairs as the accounts can hold, what would you recommend as a starting equity for each pair on M15 and M1? 1000$? More? Thanks for this toy {image}
i like your positions

pleas share set
  • #359
  • Feb 16, 2016 2:05pm Feb 16, 2016 2:05pm
Quoting admir
{quote} i like your positions pleas share set
Default 900 for M15.
  • #360
  • Feb 16, 2016 2:27pm Feb 16, 2016 2:27pm
FK1, M1, 200.... closed all those buys and now we're shorting
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD.mM1.png Size: 66 KB
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