Disliked{quote} Hi jon, Why not you open new thread, and we continue from there?Ignored
Zz
- #3,502
- May 3, 2016 11:16pm May 3, 2016 11:16pm
- Joined Jun 2010 | Status: Trader | 1,085 Posts
No one wants to be defeated~
- #3,503
- Edited 1:09am May 4, 2016 12:49am | Edited 1:09am
- Joined Jul 2014 | Status: BAGONG!!! | 1,142 Posts
{quote} Nice try, but... I have to say something you dont want to hear again...Pls. take a look at http://www.forexfactory.com/showthread.php?p=8803220 Blowed up once in last month. The correlation trading wont help you to divide risks. If you stuck in one pair, trading another pair wont help you to recover the loss. want to try my strategy? Just one day....in a trending market {image}
I never intend to run correlation trading. Dragon Expert maybe a different case where it runs with correlation concept. Me? I don't. Both have its own advantages and disadvantages.
Don't get me wrong, I never intend to trade another pair to recover the loss. It's definitely a stupid idea, so in this case I agree with you.
The real intention behind, is to spread the risk. Why I need to do this? I need to divide the risk as many as the pairs we intend to attach this EA. So when one of them got stuck, I can stop the others to give it a space and time to close by itself.
For example, I attach the EA to 5 different pairs, hence the risk should be divided by 5. Risk = lot size + grid step. So, if we divide the risk by 5 for each pair, that means I have to divide lot size to 5 (lot size and target profit only). Of course each pair have its own best time to execute.
Now, on 1 case EURUSD stuck like what is happening now. What should I do? Here's the key: I should NOT allow the EA attached to 4 other pairs to run. This will give EURUSD "space" to close. Once EURUSD completely closed, then I'll allow other 4 pairs to run again.
Maybe you asked, why I'm so sure that the price will rebound on a strong trend when LIMIT strategy is against it?
Well, not 100% sure but I can tell 90% sure. That's why you use Fibonacci strategy (yourself using this strategy, am I right), because the concept behind it is when there's a strong trend, it'll always bounce a little bit. Then, either it continues the trend, or stop and revert back.
You want to proof it?
Just use my EA, set the lot size as small as 0.01 and probably target as small as 0.1 USD, run with LIMIT strategy. Then start to backtest with balance of 100,000 USD. You'll get profit, always. Why? Because technically price movement tend to have exhaustment point, where it will fall back to the opposite direction. Then either stop the trend and keeps falling back, or then continue the trend.
What makes an account blew with this strategy? The greed. When you start to set lot size and target higher (increasing the risk), any account will be easily blown off. I would say, any strategy will fail anyway.
Now, get back to your strategy.
I'm now getting more and more understand if someone running a grid or not based on their profit pattern. Are you using semi-martingale lot size?
I can understand based on the following pattern (red box).
Now, let me try to describe your strategy below. Please correct me if I'm wrong. You see that I am still interested in your strategy although you didn't give us a clear instruction. Because I know that you have a good message behind that you are trying to tell us, but you couldn't tell us much due to understanding and language barrier (I'm trying to understand you in a positive way...). My message is that, I'm still trying to look out.
1. Draw standard Fibonacci lines (as per the standard, by finding the swing high and swing low of a recent event).
2. When Fibonacci reaches 61.8 or 38.2, then put STOP orders with Grid Step same as ADR (Average Daily Range).
Am I correct to say that?
I hope you understand the message that I'm trying to say. We all got to learn from mistakes, I do, you do. I hope we can find out the advantages and eliminate the disadvantages of both strategy, so we can finally come out with a fully fool-proof strategy (we can't find any fool-proof strategy, but at least we can build one near fool-proof).
If you ask me to code/fix your EA... it's probably not for free...
- #3,504
- May 4, 2016 12:56am May 4, 2016 12:56am
- Joined Jul 2014 | Status: BAGONG!!! | 1,142 Posts
If you ask me to code/fix your EA... it's probably not for free...
- #3,505
- May 4, 2016 1:07am May 4, 2016 1:07am
- Joined Jul 2014 | Status: BAGONG!!! | 1,142 Posts
{quote} ok, how to upload your trades, I see many people have this in the bottom. {image}
Then, fill in your information. And click Create.
Investor password is the "second" password of your MT4 account. As the name is "Investor", anyone having this password and your account number, they will NOT BE ABLE to do trading. What they can do is only to view the history and the trade of your account (read-only access). So you don't have to worry to give the password. What you should not do, don't put your master / main password there in FF, only the investor password.
If you don't know what is your investor password, you can reset it this way.
If you ask me to code/fix your EA... it's probably not for free...
- #3,506
- May 4, 2016 2:41am May 4, 2016 2:41am
- Joined Jun 2010 | Status: Trader | 1,085 Posts
No one wants to be defeated~
- #3,508
- May 4, 2016 10:35pm May 4, 2016 10:35pm
- Joined Jun 2010 | Status: Trader | 1,085 Posts
No one wants to be defeated~
Another week just ended. The demo account failed to start the Thursday cycle because the Wednesday cycle was opened. {file}
{quote} Since you have read all rad's post, you know that we are trading consolidation rather than trend. 48 points is 0.618 ADR, why? ask Mr. Fibonacci
I've been using using your Dragon Knight EA without changing any settings for the last 2 days and so far it has yielded positive result. Would like to check with you on the following: 1. Is Dragon Knight a totally different EA from RdzGridTraps & Triggers TMARecovery.ex4 or is it a latest version of this with a change of the name ?
Hi,
i'm using this EA on my real accounts and i think that could be useful introduce an incremental lots system..
Martingale by threshold, where after a pre determinate number of fixed stop/limit order you can insert a dynamic lots order
For example after 10 fixed orders at 0.1, the EA inserts 0,14..and so on...to avoid a large congestion that require huge volatility to resolve itself.
The parameters to insert should be.
Martingale on off
Martingale orders count --> the number of fixed lots after that martingale starts (the threshold)
Martingale Multiplier --> the progression of martingale
Max Martingale lots --> the largest lots you desire
Money Manager--> % of account you want to reserve to EA
P.S. my 1 post,a greeting to all members of FF.!
i'm using this EA on my real accounts and i think that could be useful introduce an incremental lots system..
Martingale by threshold, where after a pre determinate number of fixed stop/limit order you can insert a dynamic lots order
For example after 10 fixed orders at 0.1, the EA inserts 0,14..and so on...to avoid a large congestion that require huge volatility to resolve itself.
The parameters to insert should be.
Martingale on off
Martingale orders count --> the number of fixed lots after that martingale starts (the threshold)
Martingale Multiplier --> the progression of martingale
Max Martingale lots --> the largest lots you desire
Money Manager--> % of account you want to reserve to EA
P.S. my 1 post,a greeting to all members of FF.!
- #3,515
- May 10, 2016 1:20am May 10, 2016 1:20am
- Joined Jun 2010 | Status: Trader | 1,085 Posts
No one wants to be defeated~
- #3,516
- May 10, 2016 1:32am May 10, 2016 1:32am
- Joined Jun 2010 | Status: Trader | 1,085 Posts
No one wants to be defeated~
