Falling Knives | Page 75 | 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

  • #1,481
  • Jun 8, 2016 3:39pm Jun 8, 2016 3:39pm
Quoting Magix
As for the Balance of the week...Just to see how things run... On FKIC, 28 pair trader, I am shutting down EUR, USD and CAD pairs for Thursday, and USD, CAD pairs for Friday.
Note - I have selected to - Close orders Using Normal Logic.

For next week, I may just start up 2 accounts with the 28 pairs and have one with close orders using normal logic, the other set to Close all orders immediately.

After this, it could be even more interesting to have the traders only trade relevant sessions and on days without news...

Wooooooooooooooooooooooooooooooo...

Be just like having a real trader running the account n shit...no gambles, just pre-defined rules and directional trades.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,482
  • Jun 8, 2016 5:18pm Jun 8, 2016 5:18pm
Hi Magix,
Stupid brain wave? Are Buy orders (not)part of the Sell closing in profit (TP) logic ?
I see all the time that they are not closed together with Sell. That's what i call zombie processes.
I know you have a good answer :nerd:
"The needs of the many outweigh the needs of the few" - Spock
  • #1,483
  • Jun 8, 2016 6:28pm Jun 8, 2016 6:28pm
Quoting Johnhere
Hi Magix, Stupid brain wave? Are Buy orders (not)part of the Sell closing in profit (TP) logic ? I see all the time that they are not closed together with Sell. That's what i call zombie processes. I know you have a good answer :nerd:

The answer.

Yes.
And
No.

When any pair is Nedged, there is 3 different logics that are applied, (Without the New Day/Time filter).
1. Close all trades at the minimum profit.
2. Close trades that are no longer in trend at a retrace point.
And
3. Close all trades at the user defined Stop Loss Value.

After that, the main difference with even closing all at a minimum profit, sells are closed at the bid, buys are closed at the ask, so even there is a little difference.

The EA is set to look for specific patterns that are regularly occurring and in these finds it successes.
Exceptional charts that do not play by the rules have some draws in that some will close at a loss while the others close at a minimum profit, but in this, the Nedges are meant to reduce market exposure by effectively hyper loading with the trend.

Make sense?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,484
  • Jun 8, 2016 6:33pm Jun 8, 2016 6:33pm
Drag the Dead.

As has been posted, the EA will hyper load and not exit profitable trades if the trend has changed.
In this, the idea is to drag any losers to a point where the profitable trades will nullify the losses and close all in profit.
Attached Image (click to enlarge)
Click to Enlarge Name: DragtheDead.png Size: 76 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,485
  • Jun 8, 2016 6:35pm Jun 8, 2016 6:35pm
We try to control the risk and minimize losses by looking for a suitable retrace that will allow trades that are no longer in trend, to close.
What this does is takes understands the market may not always provide a suitable exit point, but may provide a point with less loss.
Attached Image (click to enlarge)
Click to Enlarge Name: controlling risk.png Size: 32 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,486
  • Jun 8, 2016 6:45pm Jun 8, 2016 6:45pm
Not all trade sets will result in profit as there really is no "True Market Perfection", IMO.

What we want to do, is if we can't continue to prosper on any single pair on any given day, is to at least minimize the losses.

In trading multiple pairs, we are allowing trends to play out in our favor and hopefully allow these to buy out losses.

The logic both pyramids and cost averages but always and only attempts to trigger inside of our minimum grid ranges (triangulated), in a given space of time (defined by our delay), to find an indicator based dynamic profit zone, of minimum value that is user defined.

If we were trading on the H1 charts, does $1 minimum profit make as much sense as does on the M1?
Have you analyzed you historic trades to see how long the market will continue to trend, but still take up to Hours to close a value equal to around 10 pips?

Sure, when market is flying, we can assume a larger prosperity value, but if we are running the clock, we have to take the skinny trades, multiples of times to see the consistent gains spread across multiple pairs.

What is hard for most traders to accept is being wrong.
They take a trade, the trade goes against them, they close out in loss.
They hop into the current trend, take another trade, the trade goes against them, they close out in a loss.
The market moves greatly in a single direction, and instead of playing with the trend after being a 2x loser on trends, they guess tops and bottoms.
This is where accounts turn into dust.

Read through the threads in FF under trade systems, under active trading and view the available trade explorers.
In here, you will find all of the evidence that you need to show that if this has been your past, you are not alone.

The idea of automation for me was more as a learning tool and teaching tool.
If you can appreciate the success of the FallingKnives logic in that it doesn't always close profit but still continues to gain...If you can appreciate that it will continue to trade the trend until the end...if you can appreciate that directional trades can offer greater valued positions...and if you watch according to the template/optics provided...this is an absolutely fucking Fantastic Trading tool.

It will not only show you prosperity, but will show you how to prosper.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,487
  • Jun 8, 2016 7:23pm Jun 8, 2016 7:23pm
Now, here's an interesting chart.

Market trend change, we've got buys on tops, sells on the bottoms and market is in a bit of a sideways motion.

What makes this a little more interesting is, it's a CAD chart.

As previously stated, these are keeping with the Daily Close on High Impact News, so because of Market Roll over being obeyed, no new trades will open.

I could have had it set to Close All Immediately, but it consequently would have closed all at a loss. Selling bottoms, buying tops, trying to keep in trend...it's a fuck of a journey, to be sure.

So...There are a couple of ways this can turn out, but if true market logic prevails, all we are looking at doing is closing some at a loss, others at a profit and moving on with our day. Other side of the coin...this motherfucker could stay in Limbo until Monday because it's set to Not Trade on Friday as well.

I know...doesn't look altogether positive right now...but seeing if the logic is smart enough to minimize losses, will actually be a Grand Test!

Excited to watch this play out!
Attached Image (click to enlarge)
Click to Enlarge Name: close.png Size: 73 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,488
  • Jun 8, 2016 7:31pm Jun 8, 2016 7:31pm
Minimum Retrace Zone achieved...Close Counter logic engaged...No New trades to cover the current shorts.

Kewl!

Logic confirmed!

Still in hot water, but at least I know that the logic is there to attempt a safeguard if unattended.
Attached Image (click to enlarge)
Click to Enlarge Name: rzone.png Size: 72 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,489
  • Jun 8, 2016 8:36pm Jun 8, 2016 8:36pm
The Calm before the Storm?

Ya see, here's how shit works out...

Market is long...market goes short...market goes long...sideways channel, you trip fail, you trip and fail...

But...you know news is pending, so, after a couple of attempts to figure out direction, you realize it's probably best to take some small gains/small losses and just sit this motherfucker out.

Why?

News is pending tomorrow...and you could either continue this game today, or figure out what the experts try to do and gamble the press.
If your wrong, guess who loses?

Yup..You do...

So...take what the market provides and sit sidelines until either a direction is clear or until press isn't part of the package.

There is books on this shit...you can buy them, stories provided by others in theoretical hindsight positions...or you can actually view how this shit plays out.

Not wanting to sound like my own infomercial...I have nothing left to gain, but my own personal gains...but appreciate all of what has gone in to not only creating a market system, but being able to automate the motherfucker...

Past where it goes from this thread, FK will always be my little baby!
Attached Image (click to enlarge)
Click to Enlarge Name: calm.png Size: 69 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,490
  • Jun 9, 2016 12:05am Jun 9, 2016 12:05am
Quoting Magix
The Calm before the Storm? Ya see, here's how shit works out... Market is long...market goes short...market goes long...sideways channel, you trip fail, you trip and fail... But...you know news is pending, so, after a couple of attempts to figure out direction, you realize it's probably best to take some small gains/small losses and just sit this motherfucker out. Why? News is pending tomorrow...and you could either continue this game today, or figure out what the experts try to do and gamble the press. If your wrong, guess who loses? Yup..You do......


This is always good work.
  • #1,491
  • Edited 3:51am Jun 9, 2016 2:39am | Edited 3:51am
Quoting Magix
{quote} The answer. Yes. And No. When any pair is Nedged, there is 3 different logics that are applied, (Without the New Day/Time filter). 1. Close all trades at the minimum profit. 2. Close trades that are no longer in trend at a retrace point. And 3. Close all trades at the user defined Stop Loss Value. After that, the main difference with even closing all at a minimum profit, sells are closed at the bid, buys are closed at the ask, so even there is a little difference. The EA is set to look for specific patterns that are regularly occurring and...
More and more I will understand the comprehensive logics build in your baby Magix. Shows out that my emotions still want to do an intervention on what it see's like 2 days ago. But that was because my balance was way bellow the already 'advised' minimal balance that we need for multipairs. And because of No Money the logic was falling out of band (I think) by not adding increments at the right moment. P.s two days ago is not discussed here with this printscreen..

Had two fresh bean coffee to read all your info just now. It is to early over here for some cold ones. Very nice written and it gives us again so much insights (and in myself also) Perfect.

As attachment the picture by the question from myself earlier. I just had to let the EA go on with the logic on the Buy's that were left but it would be a long journey as you can see because of downtrend after closing 'only' the Sell's. But next time I let it go hence emotions and Live account mmm that's 1+1=2.
Attached Image (click to enlarge)
Click to Enlarge Name: Selection_017.png Size: 24 KB
"The needs of the many outweigh the needs of the few" - Spock
  • #1,492
  • Jun 9, 2016 4:12am Jun 9, 2016 4:12am
So just like most of us noticed during Fed Rate Hike in Dec.2015 everything can happen during the week before actual announcement of something with possible major impact.
That could also count for Brexit referendum 23th of June. So should we already starting to put everything on-hold next week (especially users with Live account) ?
Greedy and risk or not greedy and no risk, that's the question

http://www.babypips.com/blogs/espipi...-20160609.html

https://ig.ft.com/sites/brexit-polling/
"The needs of the many outweigh the needs of the few" - Spock
  • #1,493
  • Jun 9, 2016 5:25am Jun 9, 2016 5:25am
That is the largest floating DD I have ever seen on my 15 pairs (about 10h GMT now), I'm very curious whether the EA is able to manage this situation, but I believe in the logic and what Magix has told us very detailed...thus I suppose it will come to a positive end...!

Attached Image (click to enlarge)
Click to Enlarge Name: Iresh EA.png Size: 53 KB
I never lose - either I win or I learn...
  • #1,494
  • Edited 7:12am Jun 9, 2016 6:30am | Edited 7:12am
Quoting jdva
That is the largest floating DD I have ever seen on my 15 pairs (about 10h GMT now), I'm very curious whether the EA is able to manage this situation, but I believe in the logic and what Magix has told us very detailed...thus I suppose it will come to a positive end...! {image}
We (where) are in the same boat Jdva. But it came all out of the wash by adding increments 0.6 and then it went down for Live account minimal balance I keep >
See the green dotted BE line (my own added Indy). Hope you will encounter the same quickly
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Selection_019.png Size: 31 KB
Click to Enlarge Name: Selection_020.png Size: 32 KB
Click to Enlarge Name: Selection_021.png Size: 29 KB
"The needs of the many outweigh the needs of the few" - Spock
  • #1,495
  • Jun 9, 2016 6:46am Jun 9, 2016 6:46am
Quoting Johnhere
. As attachment the picture by the question from myself earlier. I just had to let the EA go on with the logic on the Buy's that were left but it would be a long journey as you can see because of downtrend after closing 'only' the Sell's. But next time I let it go hence emotions and Live account mmm that's 1+1=2. {image}

In the screen shot, the trend had changed from short to long, so I am guessing the question is, why was there no long taken where you have the thumbs up?

Reason is, is that the primary trigger logic still needs to see a retrace on trend before it will engage.

A simple Stochs trigger in the case of just a trend change, isn't enough.

And for following trends on the M1...a single Stochs trigger would do okay, but when the trend changes, you are still effectively buying near the highest highs and selling near the lowest lows.

There is logic to allow for not only a trend change, but also a retrace on that trend before we look to get into the game.

It's the whole...market was short, we sold...market went long.
Market was long, we bought...market went short.

What we are looking for is to primary trigger overbought in a bearish trend and oversold in a bullish.
After that...it's take as many trades as is needed while the trend still reads the same to look for suitable exits...or wait for a retrace on a new trend to try and prosper by dragging the dead.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,496
  • Jun 9, 2016 6:53am Jun 9, 2016 6:53am
Quoting Johnhere
So just like most of us noticed during Fed Rate Hike in Dec.2015 everything can happen during the week before actual announcement of something with possible major impact. That could also count for Brexit referendum 23th of June. So should we already starting to put everything on-hold next week (especially users with Live account) ? Greedy and risk or not greedy and no risk, that's the question http://www.babypips.com/blogs/espipi...-20160609.html https://ig.ft.com/sites/brexit-polling/

The Biggest Reason for shutting down paid subscriptions this month was based around the Brexit referendum.

Emotions are a large part of all trading, and especially when you have skin in the game.

After a small conversation...it was decided that allowing others to view the logic in a live situation, and being able to work with the Time/Day filter, would afford a chance to perhaps make a few dollars in live without the major risk of trading Brexit, but still making it able to just test to see how the logic would play out during this period if left on it's own, or filtered accordingly in a demo situation.

Having a trial period to End of Month, does cut off before the first NFP of July (July 8), but does skate us past the Brexit with a little cushion of time.

By the end of next week, I will have no skin in the game with an EA...
Color me overly cautious...but I've long ago come to the realization that sometimes being out of a trade wishing I was in is a lot better place to be than, being in a trade, wishing I was out.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,497
  • Jun 9, 2016 6:56am Jun 9, 2016 6:56am
Quoting jdva
That is the largest floating DD I have ever seen on my 15 pairs (about 10h GMT now), I'm very curious whether the EA is able to manage this situation, but I believe in the logic and what Magix has told us very detailed...thus I suppose it will come to a positive end...! {image}

If you've worked any cost average system for any length of time, especially if the size of trades increases, you can definitely appreciate that there will be days like this.

What is most interesting is that, how long has it taken on your watch to even hit this size of DD?

15 pairs in trade, all cost averaging...

Shit, on some Most of my earlier work, this wasn't a daily occurrence, it was a Daily Expectation!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,498
  • Jun 9, 2016 7:12am Jun 9, 2016 7:12am
Quoting Johnhere
{quote} We (where) are in the same boat Jdva. But it came all out of the wash by adding increments 0.6 and then it went down for Live account minimal balance I keep > See the green dotted BE line. Hope you will encounter the same quickly {image} {image} {image}

Manual Close on these?

Here's where mine closed...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.png Size: 52 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,499
  • Jun 9, 2016 7:15am Jun 9, 2016 7:15am
bingo...the same pic 2 hours later...unbelievable...

Attached Image (click to enlarge)
Click to Enlarge Name: Iresh EA 1.png Size: 54 KB



Quoting jdva
That is the largest floating DD I have ever seen on my 15 pairs (about 10h GMT now), I'm very curious whether the EA is able to manage this situation, but I believe in the logic and what Magix has told us very detailed...thus I suppose it will come to a positive end...! {image}
I never lose - either I win or I learn...
  • #1,500
  • Jun 9, 2016 7:17am Jun 9, 2016 7:17am
Man...this thing eats pips for breakfast. 2052 pips in 4 days Added a few more pairs today to ride it hard

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 81 KB
2 traders viewing now