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Trapping System: Grid

  • #3,261
  • Feb 29, 2016 10:42am Feb 29, 2016 10:42am
Live EA switched off my end too. Demos running.

Zz
  • #3,262
  • Feb 29, 2016 6:39pm Feb 29, 2016 6:39pm
Wow, your loss is growing by the day. this year you lost a fortune of almost $16,500. I bet you need a working system. You can copy mine for a change. Cheers!
  • #3,263
  • Mar 1, 2016 7:24am Mar 1, 2016 7:24am
Failed to achieve 2% per day....5.7% in 4 days due to bad market.

Remember only the TMA recovery EA will save your ass.

Stuck in E/U with -100 pips yesterday and survived on E/U with only $-5 loss.
Attached Image (click to enlarge)
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No one wants to be defeated~
  • #3,264
  • Mar 1, 2016 11:50am Mar 1, 2016 11:50am
Quoting jonirrenicus
Failed to achieve 2% per day....5.7% in 4 days due to bad market. Remember only the TMA recovery EA will save your ass. Stuck in E/U with -100 pips yesterday and survived on E/U with only $-5 loss. {image}
Hi Jonirrenicus,

Pls can you share your settings of recovery EA and let us know how and when the EA opens the position against losing orders. Pls suggest .

Thanks- Sathish
  • #3,265
  • Mar 1, 2016 12:45pm Mar 1, 2016 12:45pm
Some of the news that have highest impact and that you should avoid are: Non-Farm Payroll (released every first Friday of the month), Rate decisions, Central Bank Conferences/Press releases (like Janet Yellen for FED or Mario Draghi for ECB).
There are other news that will be stated as high impact, but you don't need to avoid all of them, just the strongest market moving events like stated above. CPI, GDP, Trade balance, etc. won't have such an impact on the market.
  • #3,266
  • Mar 1, 2016 1:04pm Mar 1, 2016 1:04pm
Here's an example on Friday!
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  • #3,267
  • Mar 1, 2016 9:21pm Mar 1, 2016 9:21pm
Quoting Sathis
{quote} Hi Jonirrenicus, Pls can you share your settings of recovery EA and let us know how and when the EA opens the position against losing orders. Pls suggest . Thanks- Sathish

Step 1 in a bad situation which is having 10+ losing orders and the market was a obvious breakout on Daily Chart.

Step 2 use Reco EA with 3 times lot than that on limit EA.

Step 3 Calculate TP and BE point, TP in previous case is 1.0856 for both EA, BE point is the "get out point" of your limit EA, when you successfully get out on your losing trades, TMAreco EA will Exit at BE. BE point in this case is 1.0895, but market only reached 3 points less than my traget.

all in all, if market reaches BE point then drop slightly you WIN! if market go down heavily to your TP you WIN!

only one situation that you will lose, the market totally reversed in one day and with no retracement at all.

This kind of situation is very rare EX. A true breakout happens one day before NFP or Cash rate, the next day the trend totally reversed by the data.

Dont you see it is contradictory? Why the big player create a true breakout before important NEWS while Everybody is waiting for it?
No one wants to be defeated~
  • #3,268
  • Mar 1, 2016 9:26pm Mar 1, 2016 9:26pm
Before the cash rate, no breakout....only consolidation.
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No one wants to be defeated~
  • #3,269
  • Mar 2, 2016 5:20am Mar 2, 2016 5:20am
Quoting jonirrenicus
{quote} Step 1 in a bad situation which is having 10+ losing orders and the market was a obvious breakout on Daily Chart. Step 2 use Reco EA with 3 times lot than that on limit EA. Step 3 Calculate TP and BE point, TP in previous case is 1.0856 for both EA, BE point is the "get out point" of your limit EA, when you successfully get out on your losing trades, TMAreco EA will Exit at BE. BE point in this case is 1.0895, but market only reached 3 points less than my traget. all in all, if market reaches BE point then drop slightly you WIN! if market...

Hi jonirrenicus,

Thanks for your time to replying, Please could you confirm the below points.

1) Do I need to use both RDZ grid limit EA and your TMA recovery EA both in parallel ...meaning when I start first the limit EA and major positions say 10 positions in loss then only I need to start your TMA recovery EA with opposite position with 3 times bigger lot

(or)

I can only use only your TMA recovery EA which automatically opens the recovery positions ? if yes..please adivise what are all the parameter I need to fill in EA settings.


Also in general, Please explain your TMA recovery EA settings ...what are all the parameters must to input to work this EA as expected..

Thanks much , Sathis.
  • #3,270
  • Mar 3, 2016 7:34pm Mar 3, 2016 7:34pm
Quoting Sathis
{quote} Hi jonirrenicus, Thanks for your time to replying, Please could you confirm the below points. 1) Do I need to use both RDZ grid limit EA and your TMA recovery EA both in parallel ...meaning when I start first the limit EA and major positions say 10 positions in loss then only I need to start your TMA recovery EA with opposite position with 3 times bigger lot (or) I can only use only your TMA recovery EA which automatically opens the recovery positions ? if yes..please adivise what are all the parameter I need to fill in EA settings. Also...
Yes my friend, with both EA you will survive most killing blows.

Today i will switch to stop mode.

Still failed to my target 2%/day, only 3.8% in 3 days....
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No one wants to be defeated~
  • #3,271
  • Mar 3, 2016 7:53pm Mar 3, 2016 7:53pm
Quoting jonirrenicus
{quote} Yes my friend, with both EA you will survive most killing blows. Today i will switch to stop mode. Still failed to my target 2%/day, only 3.8% in 3 days.... {image}
Hi, are you trading live with this?
Let me try to understand your strategy. your run time of limit EA is 24 hours on few pairs with 0.01 lot size, if so happen the pair is trending, the EA limit will have a lot of float negative positions, then you will think to use recovery EA (by putting increase lot size) and if the trend reverse, then you could get out quickly. Is my understanding correct?
  • #3,272
  • Mar 3, 2016 10:33pm Mar 3, 2016 10:33pm
Quoting happytrade38
{quote} Hi, are you trading live with this? Let me try to understand your strategy. your run time of limit EA is 24 hours on few pairs with 0.01 lot size, if so happen the pair is trending, the EA limit will have a lot of float negative positions, then you will think to use recovery EA (by putting increase lot size) and if the trend reverse, then you could get out quickly. Is my understanding correct?
Exactly!....pls. find my previous post, you dont have to be in a loss when trend starts.

Check the JPY pic, it started a 800 pips trend, still no floating loss with limit trading.

Reco EA should not be used very often! about 2-3 times in a month is ok.
No one wants to be defeated~
  • #3,273
  • Mar 4, 2016 12:33am Mar 4, 2016 12:33am
Quoting jonirrenicus
{quote} Exactly!....pls. find my previous post, you dont have to be in a loss when trend starts. Check the JPY pic, it started a 800 pips trend, still no floating loss with limit trading. Reco EA should not be used very often! about 2-3 times in a month is ok.
Yes, I did read many times. So you will use only Reco EA when there is >10 losing open positions, is my understanding correct?
  • #3,274
  • Mar 4, 2016 2:14am Mar 4, 2016 2:14am
Quoting happytrade38
{quote} Yes, I did read many times. So you will use only Reco EA when there is >10 losing open positions, is my understanding correct?
The most important thing is the D-candle, sometimes we can use RECO EA even if no losing positions on hand.

When a trend was confirmed it wont reverse at least 2 days, it give us enough time to get out at break even.
No one wants to be defeated~
  • #3,275
  • Mar 4, 2016 3:25am Mar 4, 2016 3:25am
Quoting jonirrenicus
{quote} The most important thing is the D-candle, sometimes we can use RECO EA even if no losing positions on hand. When a trend was confirmed it wont reverse at least 2 days, it give us enough time to get out at break even.
Great that you have good judgement on this. I poor at this area, prefer the simple without guessing. Green pips to you!!!
  • #3,276
  • Mar 4, 2016 7:05am Mar 4, 2016 7:05am
Quoting jonirrenicus
{quote} The most important thing is the D-candle, sometimes we can use RECO EA even if no losing positions on hand. When a trend was confirmed it wont reverse at least 2 days, it give us enough time to get out at break even.
Hi Jonirrenicus,,

Still confusing, please can you suggest how you use your recovery EA in Parallel ?

- Do you trigger the EA with opposite side positions against losing orders or just increase the lot size and opens the same type position.
- Suggest what are the setting to be considered to activate this EA.

kindly advise.

-Sathish.
  • #3,277
  • Mar 4, 2016 7:13am Mar 4, 2016 7:13am
Quoting Sathis
{quote} Hi Jonirrenicus,, Still confusing, please can you suggest how you use your recovery EA in Parallel ? - Do you trigger the EA with opposite side positions against losing orders or just increase the lot size and opens the same type position. - Suggest what are the setting to be considered to activate this EA. kindly advise. -Sathish.

HOw can we use 2 EA in same pair on Same broker ? or you using only TMA recovery Alone always ?
  • #3,278
  • Mar 4, 2016 10:36am Mar 4, 2016 10:36am
Quoting Sathis
{quote} HOw can we use 2 EA in same pair on Same broker ? or you using only TMA recovery Alone always ?
you have to open two charts, on each one you put the ea with diferent magic number. What's TMA recovery ?
  • #3,279
  • Mar 4, 2016 11:07am Mar 4, 2016 11:07am
Quoting bolsistico
{quote} you have to open two charts, on each one you put the ea with diferent magic number. What's TMA recovery ?
TMA recovery EA is the one from Jonicuurous ...he is suggesting that using this EA we can get out from the heavy losing positions..Not sure how..only he can help.
  • #3,280
  • Mar 4, 2016 7:08pm Mar 4, 2016 7:08pm
Quoting happytrade38
{quote} Great that you have good judgement on this. I poor at this area, prefer the simple without guessing. Green pips to you!!!
i'm done with limit EA trading, time to move on....

For newstrading like NFP CBR, pls. check vvfish's thread, i'm learning from him now.

Good luck my friend!
No one wants to be defeated~
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