EA required using Livelli indicator made 600 pips | Page 16 | Forex Factory

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EA required using Livelli indicator made 600 pips

  • #301
  • Edited 1:50pm Jun 5, 2016 1:10pm | Edited 1:50pm
Quoting joegochicoa
hey raylin you said this ea automatically takes the trades for you? or do you manually enter the trade?
Once you have the Ea running it automatically take trades for you
I would advice you to go to babypips.com and take the beginners course .This should give a good grounding for
forex trading or google Expert advisor that should give you enough information
  • #302
  • Jun 5, 2016 1:21pm Jun 5, 2016 1:21pm
Quoting vin86
{quote} 40% drawdown of account is crazy
Yes the draw down is crazy but this EA is not set and forget
I only switch the EA and certain times ie European open or when I feel there is a strong trend in place
  • #303
  • Jun 5, 2016 1:23pm Jun 5, 2016 1:23pm
Quoting raylin
{quote} Once you have the Ea running it automatically take trades for you I would advice you to go to babypips.com and take the beginners course .This should give a good grounding for forex trading
Lol

Quoting kofix11
{quote} Where can be found this ea? Thanks!
It can't be found because it is still being tested, by me.
So many in the Commercial section want to make me rich! :o
  • #304
  • Jun 5, 2016 1:47pm Jun 5, 2016 1:47pm
I must reiterate THIS IS NOT THE HOLY GRAIL.You are going to get losing trades
Our only hope that once or twice in a week we get a nice trend that will stack trades giving us good
wins because of the stacking principle
Thanks to every one who made suggestion to improve the Ea
The revised EA should give us a better entry point ,better take profit and two ways of stopping out
ie a solid stop or a crossing of two moving averages
Thankyou FX Flux for the video
I wasn't being sarcastic in my last comment to Joe
We all have to start some were and as far as I'm concerned there are no stupid questions
  • #305
  • Jun 5, 2016 2:10pm Jun 5, 2016 2:10pm
Yes, although it would be nice to have something that does all the work for you, you need to use an expert advisor as just that.. An 'advisor'
So many in the Commercial section want to make me rich! :o
  • #306
  • Jun 5, 2016 3:51pm Jun 5, 2016 3:51pm
This indicator might help us finding the trend
Monthly weekly daily,4hourly ,ect ,ect
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadsb-m15-monecor-london-ltd.png Size: 86 KB
Attached File(s)
File Type: mq4 slopedirection (1).mq4   9 KB | 439 downloads
  • #307
  • Jun 5, 2016 5:43pm Jun 5, 2016 5:43pm
Hi Raylin, been following your thread with interest and meaning that you are open for ideas I would like, if you do not mind, throwing you a curve ball, I have taken your idea, but used a Donchian Channel instead of your Livelli indicator. The 1st chart is a 1 hour timeframe with a Donchian 120 (used 120hrs as a week) and fractals. The 2nd is a 15min with a Donchian 96 (used 96 as there are 96 x 15min in a day, showing a week of action, the 3rd one same 15min but a close up of the last 2 days with a fractal added
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD H1 (06-05-2016 2328).png Size: 75 KB
Click to Enlarge Name: GBPUSD m15 (06-05-2016 2309).png Size: 69 KB
Click to Enlarge Name: GBPUSD m15 (06-05-2016 2315).png Size: 65 KB
  • #308
  • Jun 5, 2016 7:40pm Jun 5, 2016 7:40pm
Hello Guys. I'll just drop my 2cents on this again...


1 advice that rules them all, KEEP IT SIMPLE, for the EA to work well all we need is:

1 - trend filter
2 - entry filter
3 - trade managment aka SL ot trailings

thats all mates.

Don't over throw indicator after indicators in the EA, it will either never trade or lose on the long run, because of the filtering process. this EA its all about Levelli, so let's work around it.
  • #309
  • Jun 5, 2016 10:28pm Jun 5, 2016 10:28pm
Thanks OAPDAV for your input although I do feel that the less indicators the better

On another note there seems to be a bit of confusion among some of our subscribers on the reverse livelli workings
In the next version I requested the programmer change a setting in the ADX specifically for the the reverse livelli EA
IE If the ADX is below a set number maybe 20 there should be no trend and the EA would kick in
Another request was to change the magic number (which at the moment we have to do manually)so we can the run
the EA on the same pair

We have four scenario's that can happen if the adx is none trending
1 The movement is so small that hardly profit is made if any
2 The blue livelli line triggers multiple sells and the red livelli triggers multiple buys.If this happens and the price stays between
the buys and the sells positive hedges will occur
3 Multiple blue livelli lines are triggered with minimum red lines are triggered the price starts to trend
down and we pick up multiple sell trades vis versa can happen of course
4 Finally multiple sells occur on the blue livelli line and minimum buys and an upward trend still occurs.This would incur a loss
but the new version would take care of this by the overall stop level Vis versa of course

Diagram below gives 45 pips profit, 4 positive hedges and one trade losing 10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-global-prime-pty.png Size: 123 KB
  • #310
  • Jun 6, 2016 2:26am Jun 6, 2016 2:26am
Morning Ray.
I'm getting a bit confused now. Will the latest version of the ea have the direction filter? (Sell if 5<20<200 etc). If not, could we get it added?
Thanks
  • #311
  • Jun 6, 2016 2:47am Jun 6, 2016 2:47am
Quoting JRob
Morning Ray. I'm getting a bit confused now. Will the latest version of the ea have the direction filter? (Sell if 5<20<200 etc). If not, could we get it added? Thanks
Yes latest version will have direction filter 200,20,5
Post 309 was pertaining to the reverse Livelli
The programmer as not contacted me yet and when he does I will request he change the normal
livelli to trigger only shorts when the 20 is below the 200 and the 5 is below the 20 and close all trades when there is a cross between
the 5 and the 20
For longs only 20 must be above 200 and 5 must be above the 20 and close when there is a cross between 5 and 20
  • #312
  • Jun 6, 2016 3:21am Jun 6, 2016 3:21am
Hi Raylin, just re read my post and need to correct one thing, that is, I have ADDED Donchian and just use the Fractal as I have not downloaded the Livelli Indicator yet whilst testing the method, do agree that its good to keep indicators to a minimum hence my use of only 2 and as they say its best to keep it clear and simple, any way thanks for having a look at my ideas just posted the 15min follow on chart from last night. I will keep watching the thread and wish you well in your progress with it, think you are on to something
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD m15 (06-06-2016 0919).png Size: 64 KB
  • #313
  • Jun 6, 2016 7:37am Jun 6, 2016 7:37am
Quoting raylin
{quote} Yes latest version will have direction filter 200,20,5 Post 309 was pertaining to the reverse Livelli The programmer as not contacted me yet and when he does I will request he change the normal livelli to trigger only shorts when the 20 is below the 200 and the 5 is below the 20 and close all trades when there is a cross between the 5 and the 20 For longs only 20 must be above 200 and 5 must be above the 20 and close when there is a cross between 5 and 20
current version results is already amazing. Hope i not get my strategy tester setting wrong.
By the way what is the different between "breakeve"n and "breakeve pips" setting?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-06-06 20.26.53.png Size: 29 KB
  • #314
  • Jun 6, 2016 8:03am Jun 6, 2016 8:03am
Hi Vin86
although I am not a enthusiast of back testing it does look like we are on the right track
Break even and break even pips question
The programmer explained to me If you had a trailing stop of 30 and break even was 25 and the break even pips was 5
Once 25 pips had been realized then the EA would move the stop to break even plus 5.
I would imagine that when 35 pips was reached the Ea would start to trail the price of plus 5 pips
  • #315
  • Jun 6, 2016 8:21am Jun 6, 2016 8:21am
Quoting vin86
{quote} current version results is already amazing. Hope i not get my strategy tester setting wrong. By the way what is the different between "breakeve"n and "breakeve pips" setting? {image}
What pair, timeframe, and over what period did you run the test? Odd how you got the backtester to work and others not.
So many in the Commercial section want to make me rich! :o
  • #316
  • Edited 8:43am Jun 6, 2016 8:26am | Edited 8:43am
I haven't traded the livelli today but going through a number of pairs
The idea of trading short when the 200 20 and 5 are in a down trend taking only short trades
and closing the Ea once there is a cross of the 20 and 5 in the opposite direction looks like a good strategy
The opposite for longs also
The pairs that were stopped out straight away made minimal losses of less than 30 pips while there was a good move on the
GBP/Yen on Friday if we started trading at 8:00 uk time that would have made over 850 pips with 6 stack trades
  • #317
  • Jun 6, 2016 8:28am Jun 6, 2016 8:28am
I am using live version from raylin though.
EURUSD H1 work the best. Basically fail on M15.
Did few others pair and all results very poor on M15. All other pairs work fairly on H1 with gain of just few %
I did the test from 2015 to 2016-June
with this kind of drawdown and return over this time frame. Time will do magic with our patience
  • #318
  • Jun 6, 2016 8:31am Jun 6, 2016 8:31am
Quoting raylin
I haven't traded the livelli today but going through a number of pairs The idea of trading short when the 200 20 and 5 are in a down trend taking only short trades and closing the Ea once there is a cross of the 20 and 5 in the opposite direction looks like a good strategy The opposite for longs also The pairs that were stopped out straight away made minimal losses less than 30 pips while there was a good move on the GBP/Yen on Friday if we started trading at 8:00 uk time that would have made over 850 pips with 6 stack trades
Do you stick with the original idea of a fixed stop loss of 30pips and trailing stop of 20?
So many in the Commercial section want to make me rich! :o
  • #319
  • Jun 6, 2016 8:33am Jun 6, 2016 8:33am
Quoting vin86
I am using live version from raylin though. EURUSD H1 work the best. Basically fail on M15. Did few others pair and all results very poor on M15. All other pairs work fairly on H1 with gain of just few % I did the test from 2015 to 2016-June with this kind of drawdown and return over this time frame. Time will do magic with our patience
Have you tried to test it with ticks? if you use control points for testing a 1H time frame you may not have the granular resolution of 1M bars to test if your stop loss/ take profit was hit early.
So many in the Commercial section want to make me rich! :o
  • #320
  • Jun 6, 2016 8:41am Jun 6, 2016 8:41am
Quoting FX-Flux
{quote} Do you stick with the original idea of a fixed stop loss of 30pips and trailing stop of 20?
Once the new version comes out there will be no need for stop losses or break even
My idea is to just have a hard stop of say 100 or even 50 but the main stop would be the reverse crossover of the 20 and 5 emas
Waiting patiently for the programmer to incorporate the changes
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