Falling Knives | Page 59 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Sky is Falling Tomorrow (Option Strategy) 9 replies

NZD/USD, CAD/JPY, EUR/AUD, GBP/CHF, falling off the cliff together-- 16 replies

Why Is Cable Falling? 5 replies

Shorting the cable (Is London Bridge Falling Down?) 38 replies

Euro falling to 1.20??? 1 reply

Attachments: Falling Knives
Exit Attachments

Falling Knives

  • #1,161
  • Jun 1, 2016 2:52am Jun 1, 2016 2:52am
Hi all ! Hi dear Magix,

Another key request which i am going to use on Pepperstone Edge Razor account (ECN)(1:200)

6044BC23AEF49FCB9CDFDC6A8C71A170

Thanks in advance. Will try to define a different strategy then the one i copied from this thread. Also will post MyFXbook link from this one.
"The needs of the many outweigh the needs of the few" - Spock
  • #1,162
  • Jun 1, 2016 3:20am Jun 1, 2016 3:20am
-AGGIORNAMENTO-
EA running on EU from yesterday with martingale system (x2)
-UP 4€
-running 4 trades -8€ at the moment

good luck traders
  • #1,163
  • Jun 1, 2016 4:13am Jun 1, 2016 4:13am
Quoting Magix
{quote} Minimum capital on 10 pairs, I would suggest would be $5k @ 1:500. There's a good chance that it may be too much cushion and there is a chance it might not be enough... But for all I've seen with 16 pairs on an initial $3k start, that's plenty to keep you covered. See how the next couple of weeks goes, I will keep the 16 pairs running and maybe this can help you cherry pick the ones you want and the ones you'd just as soon not have any risk on.
Hi,
what you suggest about closing EA and closing opened positions before NFP news and high impact news? or let it run and see what is impact on account by these news?
  • #1,164
  • Jun 1, 2016 5:50am Jun 1, 2016 5:50am
Attached Image
OOOH...., NO ONE TOUCH MY CABBAGES!!!!
  • #1,165
  • Jun 1, 2016 6:08am Jun 1, 2016 6:08am
Hi Magix,

Here's the identifier code: A07E68231134C2D3CD20D4553941245E

I will run this on a Global Prime $3k demo with 6 USD pairs and attach a link to the account. Really appreciate your work here.

Cheers
  • #1,166
  • Jun 1, 2016 6:21am Jun 1, 2016 6:21am
Quoting Reamasesa
Well, I had to try. Everything is default, USDJPY, M1. Undefunded_Iresh2.5

Added the link to post 1.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,167
  • Jun 1, 2016 6:22am Jun 1, 2016 6:22am
Quoting Johnhere
Hi all ! Hi dear Magix, Another key request which i am going to use on Pepperstone Edge Razor account (ECN)(1:200) 6044BC23AEF49FCB9CDFDC6A8C71A170 Thanks in advance. Will try to define a different strategy then the one i copied from this thread. Also will post MyFXbook link from this one.

Here ya go, sir.

Key = 68F439AF84FED887EC3FBE8110D386DC

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,168
  • Jun 1, 2016 6:30am Jun 1, 2016 6:30am
Quoting Magix
{quote} Added the link to post 1.
It's actually a funny one, started at a loss, adjusted itself and is now on a steady roll, I'm curious to see what happens at NFP or other such times.
I find myself watching the chart thinking "Take the trade! Take the trade!" but nothing happens other than the EA doing it's own thing, disregarding me completely and making money.
  • #1,169
  • Jun 1, 2016 6:32am Jun 1, 2016 6:32am
No Live account result? All of them just DEMO?

No live account no fun, gotta see the live account first before trying.
OOOH...., NO ONE TOUCH MY CABBAGES!!!!
  • #1,170
  • Jun 1, 2016 6:46am Jun 1, 2016 6:46am
Quoting radadiya
{quote} Hi, what you suggest about closing EA and closing opened positions before NFP news and high impact news? or let it run and see what is impact on account by these news?
The Drag the Dead portion of the logic has been quite successful at finding exits in almost every situation where the proverbial shit has hit the fan and the rest of the logic assists along the way. I think the biggest thing to appreciate when working with Iresh is that it doesn't always exit at a profit and this has absolutely nothing to do with the Stop Loss that is in place.

There's been a few challenges this week for the pairs I have in trade, which is much to my expectation, but the week isn't over yet and Drag the Dead hasn't seen a full on NFP week, so really hard for me to say.

Typically speaking, I close my live funds during the market whipsaws as live accounts can miss entries and exits where the demo accounts will. Broker latency and lag on live is a much different game with real funds.

For test purposes and on the demo accounts, let the logic run...see how it does and have a look back after these news spikes to see if a profitable position would have been possible for a live account. As the logic is trend based, most news impact will provide a suitable exit...but when the market gets spooked, it can be a total fucking nightmare.

Long story short...I have no problems closing my trades down manually and sitting out times when I wouldn't normally be trading, even at a loss. Survival isn't about always winning, it is about living to fight another day.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,171
  • Jun 1, 2016 6:50am Jun 1, 2016 6:50am
Quoting edyardy
No Live account result? All of them just DEMO? No live account no fun, gotta see the live account first before trying.
Go back and read the reasons why I have recommended working on ONLY Demo accounts this week, specifically.

As for not testing logic out before throwing it on a live account, if this is your idea of market strategy, you are a moron!

How can you possibly gain anything from looking at results of others?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,172
  • Jun 1, 2016 6:55am Jun 1, 2016 6:55am
Quoting xeroforex
Hi Magix, Here's the identifier code: A07E68231134C2D3CD20D4553941245E I will run this on a Global Prime $3k demo with 6 USD pairs and attach a link to the account. Really appreciate your work here. Cheers

Here you go, sir.

Key = 19FD8CC35166D1FF20FC60A78A545E0F

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,173
  • Jun 1, 2016 6:58am Jun 1, 2016 6:58am
Quoting Magix
{quote} The Drag the Dead portion of the logic has been quite successful at finding exits in almost every situation where the proverbial shit has hit the fan and the rest of the logic assists along the way. I think the biggest thing to appreciate when working with Iresh is that it doesn't always exit at a profit and this has absolutely nothing to do with the Stop Loss that is in place. There's been a few challenges this week for the pairs I have in trade, which is much to my expectation, but the week isn't over yet and Drag the Dead hasn't seen...
Hi Magix,
Great logic! I fully agree with you. We will identify the time when to stop EA and close all positions based on experience on demo. I had failed many times to close EA and active positions manually for NFP and RED news on another grid EA and had troubled myself!! so if its automated will be much help in trading.
  • #1,174
  • Jun 1, 2016 7:09am Jun 1, 2016 7:09am
Quoting radadiya
{quote} Hi Magix, Great logic! I fully agree with you. We will identify the time when to stop EA and close all positions based on experience on demo. I had failed many times to close EA and active positions manually for NFP and RED news on another grid EA and had troubled myself!! so if its automated will be much help in trading.

I have a close all EA that can assist, will post it for next week if others are wanting to try in live account situations, or apply to their current accounts as they see fit.

Like with any other strategy, it is best to build confidence by working along and creating your own market trade patterns, even if this is chewing off a limb to make it through another day.

Up to now, my typical pattern on live is to start the EA during TK session and close before NY is open.

With all of the logic in place and now confirmed, may see fit to just let it do it's thing and run the full market week. That being said, I will still be using data from this week to steer me in forward testing in both live and demo environments.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,175
  • Edited Jun 2, 2016 3:25am Jun 1, 2016 7:12am | Edited Jun 2, 2016 3:25am
Quoting Magix
{quote} Here ya go, sir.
Thanks master started on Live account.

Myfxbook: http://www.myfxbook.com/members/John...1-1430/1652608

Pepperstone Edge Razor Live account 1:200 ('petit peu' to start with )
Default settings / increment
EURNZD / NZDJPY / NZDUSD
"The needs of the many outweigh the needs of the few" - Spock
  • #1,176
  • Jun 1, 2016 7:15am Jun 1, 2016 7:15am
Quoting Magix
{quote} Go back and read the reasons why I have recommended working on ONLY Demo accounts this week, specifically. As for not testing logic out before throwing it on a live account, if this is your idea of market strategy, you are a moron! How can you possibly gain anything from looking at results of others?
Whoaaa... chillax dude! Don't throw me that temper to me....

Quoting Magix
That being said, I will still be using data from this week to steer me in forward testing in both live and demo environments.
See you next year then! Can't wait to see the live result!
OOOH...., NO ONE TOUCH MY CABBAGES!!!!
  • #1,177
  • Jun 1, 2016 7:24am Jun 1, 2016 7:24am
Quoting edyardy
See you next year then! Can't wait to see the live result!
I don't think so.

Buh Bye.
Attached Image (click to enlarge)
Click to Enlarge Name: edy.png Size: 3 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,178
  • Jun 1, 2016 7:35am Jun 1, 2016 7:35am
Trying to get an idea of the % margin level with this plotter which I found at the SHF - it works but it does not allow fixed scales, e.g. from 0 to 1000.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 101 KB

Attached File(s)
File Type: ex4 MarginLevelPlot.ex4   17 KB | 221 downloads
  • #1,179
  • Jun 1, 2016 7:49am Jun 1, 2016 7:49am
Quoting Go5
Trying to get an idea of the % margin level with this plotter which I found at the SHF - it works but it does not allow fixed scales, e.g. from 0 to 1000.
Very kewl.

I see your test is coming along nicely, too.
Attached Image (click to enlarge)
Click to Enlarge Name: Go5.png Size: 55 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,180
  • Jun 1, 2016 7:57am Jun 1, 2016 7:57am


lol...

If you put as much effort into testing as you did into your needing to poke in one last word...you might have something worth reading...

Ignored!

Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
0 traders viewing now