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A Proven Simple Strategy (2MAs, 1 RSI)

  • #341
  • Feb 15, 2016 3:27pm Feb 15, 2016 3:27pm
[Quote = SpencerBizze; 8755341] sin mirar demasiado bueno. Has grandes pérdidas de hoy y que no parecen estar disminuyendo. Increíble cómo se puede dar la vuelta como esta. [/ Quote]

Hi Spencer,
Today was a day that the trends have been very long, this method does not escape.
All operations at a loss.
I hope it is because he has been partying in the US and that he has spoken to Mr. Dragui and normal days work well ( I hope)
What happened to the attached image EURAUD happened in 3 more pairs , so diversify at least this day I think it was not worth much .

Regards.
Attached Image(s) (click to enlarge)
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  • #342
  • Feb 15, 2016 10:26pm Feb 15, 2016 10:26pm
I agree will be interesting to watch the EA trade up again. I was sitting at 20% profit after 3 days now 16% loss. So was a loss of 36% over the weekend and yesterday. I think a trailing SL of 50 pips would help to reduce the damage of the long trending market and I looked at all large winners should not have been effected. Had a few 200 pip losses which we would want to get rid of going forward. Let me know what you think. You can look at my trade explorer to see what I mean. The gambler is the one trading this way since the 10th of this month. I also want to look how many trades of the same pair were running at the same time where I was winning is required so we can drop the number trades down from 5. As when it is a slow trend in the wrong direction it always seems to open the 5 trades which are always loses. I want to test some additional filters as I think we need something to help us.
  • #343
  • Feb 15, 2016 11:41pm Feb 15, 2016 11:41pm
Been looking looking back at the trades and a trailing SL would have helped allot more then hurt, maybe with a small shift. Just a thought, maybe a high impact news trigger needs to be included so when high impact news is going to happen in the next 30mins and or based on volume growth over a duration the ea shortens the trailing SL to 10 or 20. So we have a fixed trailing SL of 60 which gets shortened and no new trades can be made. I was reading another thread about someone who was implementing the same on his EA, I have asked him some questions on what ended up working.
  • #344
  • Feb 16, 2016 12:55am Feb 16, 2016 12:55am
Abokwaik, just wanted to check up how does the stop loss shift work. If I set it to 0 will it shift based on the original price?
It looks like it might be doing something strange, in my tests. I have the trailing SL shift on 0 and the TL on 50.
  • #345
  • Feb 16, 2016 1:45am Feb 16, 2016 1:45am
It doesn't look like the Trailing SL is working.
I have set the Trailing SL to 50 pips and the shift to 0.
Tried the shift on 1 not much of a difference.

You can see this is doing well, until it gets a trade which is trending along which eventually wipes the account because Trailing SL doesn't apply.
Attached Image (click to enlarge)
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Look at win rate, it is really good.
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Ignore draw down and profit as the account gets wiped by three trades, two of which should have been closed much earlier by the trailing SL from what I can see.

Look at below at trades 101 and 100, these are the two orders that wipe the account.
Attached Image (click to enlarge)
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Can this bug be fixed please?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 14 KB
  • #346
  • Feb 16, 2016 6:06am Feb 16, 2016 6:06am
Quoting SpencerBizze
I agree will be interesting to watch the EA trade up again. I was sitting at 20% profit after 3 days now 16% loss. So was a loss of 36% over the weekend and yesterday. I think a trailing SL of 50 pips would help to reduce the damage of the long trending market and I looked at all large winners should not have been effected. Had a few 200 pip losses which we would want to get rid of going forward. Let me know what you think. You can look at my trade explorer to see what I mean. The gambler is the one trading this way since the 10th of this month....
Hello Spencer,
I have also noted that trading yesterday , were in positive trading for a while. One idea is to have also used a closure of all operations when you reach a certain level of profit that you take notice .
Once they are closed, it is more likely that no longer obtain new conditions RSI and SMA and not re-enter until later .
For example, a 2% profit account and all operations would close , they are as they are , making sure that 2% positive in your result.
It is clear that there must be stop and trailing stop, but the system can leave the account to zero.
Regards.
  • #347
  • Feb 16, 2016 9:13am Feb 16, 2016 9:13am
It is not clear what feature uses the system (I mean what kind of effect it trades). Because MAs only intersection is not a justification for the system IMHO (but more like a random set of indicators)
  • #348
  • Feb 16, 2016 10:38pm Feb 16, 2016 10:38pm
Hello fellow traders , I have a question. With any trading system "Just using a trailing stop loss of say 20 pips with a stop loss of 1% make sense ?"
  • #349
  • Feb 17, 2016 1:57am Feb 17, 2016 1:57am
I have been testing further with the Trailing SL and can't understand what is happening, is there something I am missing?
It has some effect but not what I would expect.
Have I set something incorrectly below?


Here is a screenshot of a set file for back testing:
Attached Image (click to enlarge)
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Below are my settings and date ranges.
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These are the results, and if you look at draw down and profit they look bad.
But then if you look closer the win ration is 86% which is good.
consecutive wins is 20 which is very good
consecutive losses is 3 which is also not bad
Attached Image (click to enlarge)
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The below in the graph is can see it is wiped quickly by three trades which I am guessing are the consecutive losses.
Attached Image (click to enlarge)
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Below you can see in the results that it doesn't look like the Trailing SL is applied?
Attached Image (click to enlarge)
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  • #350
  • Feb 17, 2016 2:21am Feb 17, 2016 2:21am
Quoting SpencerBizze
I have been testing further with the Trailing SL and can't understand what is happening, is there something I am missing? It has some effect but not what I would expect. Have I set something incorrectly below? Here is a screenshot of a set file for back testing: {image} Below are my settings and date ranges. {image} These are the results, and if you look at draw down and profit they look bad. But then if you look closer the win ration is 86% which is good. consecutive wins is 20 which is very good consecutive losses is 3 which is also not bad {image}...
Hi Spencer,

As per your settings your only exit option is the trailing stop.
BUT the trailing stop well get activated ONLY if price moves in your favor for the number of pips set in trailing stop, and this does not always happen, so in the last trade price went against you all the way, trailing stop was not activated as price never gone in your favor for 50 points.

You need to set at least another one exit option in addition to trailing stop.,
For example a Stop Loss, or Exit on MA ... etc,

Kindly let me know if this is not clear.

Regards and Green Pips,

Khalil
No guts, no glory
  • #351
  • Feb 17, 2016 2:52am Feb 17, 2016 2:52am
Quoting abokwaik
{quote} Hi Spencer, As per your settings your only exit option is the trailing stop. BUT the trailing stop well get activated ONLY if price moves in your favor for the number of pips set in trailing stop, and this does not always happen, so in the last trade price went against you all the way, trailing stop was not activated as price never gone in your favor for 50 points. You need to set at least another one exit option in addition to trailing stop., For example a Stop Loss, or Exit on MA ... etc, Kindly let me know if this is not clear. Regards...

Thanks Khalil, make sense now. Sorry I am still learning.
Is it possible to set a SL initially and then over ride by Trailing SL going forward if the price rises above purchased price?
Or does you EA do this by default if both are set?
  • #352
  • Feb 17, 2016 3:03am Feb 17, 2016 3:03am
Quoting SpencerBizze
{quote} Thanks Khalil, make sense now. Sorry I am still learning. Is it possible to set a SL initially and then over ride by Trailing SL going forward if the price rises above purchased price? Or does you EA do this by default if both are set?
Yes, it does.

For example :

If you set SL tp 100 points, and Trailing Stop to 50 Points.
Then if price moves 100 points against you it will be stopped by SL.
If price moves 50 points in your favor, SL will be move to Break Even (opening price).
Then for each additional 50 points in your favor, SL will be moved by 50 points.
You can use also a Trail Stop shift of 5 points to avoid sending too many OrderModify transactions to the broker (they don't like it).
No guts, no glory
  • #353
  • Feb 17, 2016 11:59am Feb 17, 2016 11:59am
Quoting AntonioLegaz
{quote} Hello Supa! Closed trades: 27 win, 2 loss. Still open trades: 7 positive, 2 negative trading. A beautiful day, beautiful system! {image}
How about after these events? Did your well trading setup survived?
  • #354
  • Feb 17, 2016 2:25pm Feb 17, 2016 2:25pm
Hello Abokwaik,
Again the same problem,
2 trades opened and only 1 closed.
Nothing in the logs
S
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 149 KB
  • #355
  • Feb 17, 2016 4:24pm Feb 17, 2016 4:24pm
Quoting sbenichou1
Hello Abokwaik, Again the same problem, 2 trades opened and only 1 closed. Nothing in the logs S {image}
OK. I will forward test it on fxcm and see.
No guts, no glory
  • #356
  • Feb 18, 2016 12:48am Feb 18, 2016 12:48am
I haven't tested yet on fxcm, but looking at the code, and in case of multiple orders, and a slow connection/execution, I added a couple of RefreshRates calls in Order Closing and TS.

I am testing this version on fxcm today, default settings +3 orders, Close on Slow MA cross.
on EUR/USD, USD/JPY, GBP/USD and GBP/JPY.
M15 time frame.
Attached File(s)
File Type: ex4 TwoMA_OneRSI.ex4   27 KB | 474 downloads
No guts, no glory
  • #357
  • Feb 18, 2016 2:03am Feb 18, 2016 2:03am
Hello!
Thanks for EA, I´m testingt it on ICmarket.
Can You explain exactly how "Trail Stop Shift" work?
Best wishes
  • #358
  • Feb 18, 2016 2:55am Feb 18, 2016 2:55am
Quoting Elovv
Hello! Thanks for EA, Im testingt it on ICmarket. Can You explain exactly how "Trail Stop Shift" work? Best wishes
Example : Entry : Buy EURUSD @ 1.11500 , Stop Loss (100 points) @ 1.11400, Trailing Stop (50 points), Trialing Stop Shift (10 points).

When price reached 1.11550 (50 points in profit), Stop is moved from 1.11400 to 1.11500 (break even)
Then price goes up to 1.11555 SL will not change as the added 5 points is less than Shift which is 10 points
Then price goes up to 1.11560 SL is moved to 1.11510, and so on
So as price climbs SL will be move in steps of 10 points, compared to the standard shift of 1 point.
This way we are reducing OrderModify requests by 10 times, as we are sending an OrderModify request every additional 10 points in our favor.
No guts, no glory
  • #359
  • Feb 18, 2016 3:08am Feb 18, 2016 3:08am
Elovv, this is to stop constant modifications being done on the Trailing SL from what I understand.
Khalil can maybe confirm, but this is how I understand it:

So as the price moves up it would normally change every point, this shift means it needs to shift by the number you enter before it changes.
So normally if it moved 5 points it would update the SL 5 times, if you have a shift in place of 5 it would only change it once.

Update: sorry was typing at the same time as you and got side tracked I see you responded to Elovv already.
Can you look at my example below.

Quoting abokwaik
{quote} Yes, it does. For example : If you set SL tp 100 points, and Trailing Stop to 50 Points. Then if price moves 100 points against you it will be stopped by SL. If price moves 50 points in your favor, SL will be move to Break Even (opening price). Then for each additional 50 points in your favor, SL will be moved by 50 points. You can use also a Trail Stop shift of 5 points to avoid sending too many OrderModify transactions to the broker (they don't like it).
Thanks Khalil, sorry for the delayed replay on this. Really appreciate your assistance.
I just need some clarity on this, does it need to move the full 50 points in my favor before the SL is moved.
If I had my shift set to 5 points, I would have thought as soon as I have a gain from the immediate/current price (Not the order price) of 6 points it would then bring the SL up to 50 points below this?

So for example:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 25 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 26 KB

I had no SL's or trailing SL's set in these examples above.
I have now set my SL to 200 and my Trailing SL to 50 with a 5 shift.

So the price fell from 0.9836 to 0.9822 = 14 points.
Would the Trailing SL not now shift the SL (Set it to 50) 50 pips to 0.9872.

Update:
I understand what happens if the price goes for you from when you ordered, then the SL is moved as it moves and the shift can reduce the changes.
If the price goes against you and then comes back for you but not into profit would the Trailing SL be applied?
  • #360
  • Feb 18, 2016 3:30am Feb 18, 2016 3:30am
Quoting SpencerBizze
Elovv, this is to stop constant modifications being done on the Trailing SL from what I understand. Khalil can maybe confirm, but this is how I understand it: So as the price moves up it would normally change every point, this shift means it needs to shift by the number you enter before it changes. So normally if it moved 5 points it would update the SL 5 times, if you have a shift in place of 5 it would only change it once. Update: sorry was typing at the same time as you and got side tracked I see you responded to Elovv already. Can you look at...
Trailing Stop get triggered ONLY if price bypasses the Open Price by the Trailing Stop Pips/Points in the trade direction.
So the Stop will not move while trade is in loss.
No guts, no glory
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