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Falling Knives

  • #1,561
  • Jun 10, 2016 3:01pm Jun 10, 2016 3:01pm
Quoting Magix
One of the questions/comments I have seen over the past couple years of testing, is why not throw this at a $20k-$30k live account? I think that anybody that has done any testing and especially with a trader of this nature already knows the why...don't we? For me, the value in having something that will test on a $2k-$3k account means you can scale up. If you require a cushion of tens of thousands, the risk is just immensely too high and wouldn't really serve to be of much benefit. Moving as I have with the EAs, taking 1 account and doubling it...
Couldn't agree with you more, this is my exact thoughts.
The idea is to grow your first account and then draw off as it grows and once your wallet is in the right position open the next account and repeat on adding accounts to a point that you fulfill your varied strategies. Then grow those strategies based on how much more you want to risk, in the market at one time.
Opening or growing a single larger account with huge padding, kind of defeats what we doing in my mind, and puts you at more risk for larger DD's then you need to have for when the worst hits.
People might disagree with me here but when you trading a matingale sort of system, I want to limit my exposure so if something swoops in your risk is limited by your account size, each week or month depending on how you managing your money you are drawing the account down to your minimum to manage what you think the floating DD is and that is it, why leave more in the trading account then that??
I am still quite a newbie trader but this has been successful for me up to now.

I am in on buying a license or two please to start, when you ready.
So drop me a PM or how ever you going to work please, with the email address and what you need me to do.
I would like and will continue to support your thread and will grow with the rest of the team that is on the roller coaster with us...
It is going to be a fun ride.

Quoting Magix
{quote} I don't know what you mean about HF hitting your limit and are blocking you from opening another account??
Sorry Hotforex, they not allowing me to open another demo. (they only allowing 5 live and 3 demo's).
Will take a look at tickmill, I like to get a refer to brokers. I have been hit quite a few times already by dodgy brokers in the beginning but I was very raw.

IB?
Whats that?

Sorry latency is a problem from my part of the word, we have silly issues here in South Africa with speed and latency. So it is something that is always on my radar..
Once I have my Tickmill accounts ready will send you codes for new test accounts for next week please....
Loading the new software now, I am out for the night.
Thank you and good night to all.
  • #1,562
  • Jun 10, 2016 4:05pm Jun 10, 2016 4:05pm
Quoting SpencerBizze
{quote} speed and latency
VPS in datacenter nearby the Broker his infra/datacenter. No issues. But ok VPS is costing money of course..
But every bandwidth speed bellow 200ms would be fine.

Sleep well all in every timezone
"The needs of the many outweigh the needs of the few" - Spock
  • #1,563
  • Jun 10, 2016 7:12pm Jun 10, 2016 7:12pm
Quoting SpencerBizze
People might disagree with me here but when you trading a matingale sort of system, I want to limit my exposure so if something swoops in your risk is limited by your account size, each week or month depending on how you managing your money you are drawing the account down to your minimum to manage what you think the floating DD is and that is it, why leave more in the trading account then that?? I am still quite a newbie trader but this has been successful for me up to now.
As far as being a newbie trader...I think this post says a lot about where you will find your success with these.

I even noticed that you seemingly closed down your live trades to not have the additional risk over the weekend. Sure, it's okay to leave them run in demo, but why take additional risks when not even the EA can assist on a Weekend Retail Gap?
Or, if there's some global event over the weekend...
Shit can get bad fast and there really is no reason to carry risk.


Quoting SpencerBizze
Will take a look at tickmill, I like to get a refer to brokers. I have been hit quite a few times already by dodgy brokers in the beginning but I was very raw. IB? Whats that?
IB = Introducing Broker...meaning that I used to promote tickmill as a broker and get a part of the trade commisions they charged to others signed up under my IB.
The idea was to run some trading contests at my forum...but it's tuff to even throw together a $50 prize when you are only taking a penny or 2 per trade. Tried a couple times and then just gave up. Tickmill was formerly Armada, when they changed over, I guess I never completed the correct documentation or replied to the correct email and was punted from the new company.

Not a huge loss...really, my empties after a month added up to more.

Quoting SpencerBizze
I would like and will continue to support your thread and will grow with the rest of the team that is on the roller coaster with us... It is going to be a fun ride.
Many hands make light work, or so the saying goes.
It's nice to have a few like minds to share in the stats, even by way of demo and even if the accounts go bust.
Shit, I rely on test data but there's only so much of my resources that I will commit to trying these, so it definitely helps out when others can lend a hand.

Cherry picking pairs and with the new time filter, even sessions will show a lot more by way of success for this EA...it's good on it's own, but really, why not capitalize with a little shared information. Ultimately, we are all in this together so there is no advantage to not sharing at least a little info with the group.

The reason I continue to share my information is because others have been kind enough to lend a little along the way and for me, a little goes a long way.
A lot, can go even further!

Quoting SpencerBizze
Once I have my Tickmill accounts ready will send you codes for new test accounts for next week please.... Loading the new software now, I am out for the night.
For comparitive reasons alone and if you have the space for it, run the tickmill side by side with your current...see which one seems to work the best.
One thing I can attest to with tickmill is that the live to demo trading is very close...much the reason I did endorse the company. Past that, I have had no issues with deposits/withdrawals and account assistance as needed. That being said, I still keep a couple others in backs and working away...spread the load...ya never know when one of these bucketshops decides they've got enough in their account and pulls the plug.
[/End tinfoil Rant]

Quoting SpencerBizze
Thank you and good night to all.
Have a great weekend, brother!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,564
  • Jun 10, 2016 7:30pm Jun 10, 2016 7:30pm
Having managed account and worked with others...

When you take a beat down on your trades, it's easy to get the yips...knowing when to take a trade but afraid to take it.

These are dealing with relatively low balances, a few grand in, so the risk isn't necessarily what you will find in the real world of what's available for market trading, but if you don't know how to approach losses with a small account, you can never leave this world.

It takes time...nerves of steel...anything that will help you separate emotions from your decision making.

That really is one nice thing about working with automation.
These motherfuckers don't get the yips...don't go out and get drunk because they had a good day and come back the following day to make bad decisions...

They just do what they are told.

Only problems with automation is that there's a lot of systems that are available, that do exactly what they are told...only the information they are given sucks the dink of a goat and can not offer anything by way of regular prosperity.

There are some decent systems available, so this isn't the end all to be all, to be sure...but check it.

Start of the week was a little shakey after a damned decent market open. Monies lost due to not having an option to sit out High Impact news on currencies, created somewhat of a bigger loss than would be covered by the previous gains.

This, I can tell you, is not something easy to overcome.

But...the EA doesn't share the emotion and just continued to follow its blindly given direction and market rules.

End result...the couple hundred down were made back up...trading the same logic, doing the same things as was dictated...

And even if you cut losses into the weekend by closing all trades, balance is still above the start. Best thing being is that we have no where come close to an account collapse, only a minor set back.

In getting familiar with these ideas, it is important to test them...test them on DEMO, but treat them as real, not like some dream account.
I've written EAs that have doubled an account in a week, but the following week have crashed so hard, there is still shrapnel left on my desktop!

Watch the logic...appreciate what others have to say and show as applied...work with the ideas inside of what is offered and it will accelerate your market understanding greatly.

Or don't...you know...whatever.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,565
  • Jun 11, 2016 12:54am Jun 11, 2016 12:54am
My GA long trades got stopped out last night (only just haha) but made a quick recovery on the next set of short trades....was really hoping to watch the logic play out before the stop out doh Still, I love how this thing banks pips and recovers.

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  • #1,566
  • Jun 11, 2016 4:51am Jun 11, 2016 4:51am
1) Bellow GBPNZD was a big surprise and it shows out that TP 1$ was not taken ? but the logic is closing it at bigger profit ?
Can you shine a light on this one. I am not complaining...

2) GBPAUD is still trying to get out over the weekend for me.. I just let it work on that one.
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"The needs of the many outweigh the needs of the few" - Spock
  • #1,567
  • Jun 11, 2016 9:09am Jun 11, 2016 9:09am
Quoting Johnhere
1) Bellow GBPNZD was a big surprise and it shows out that TP 1$ was not taken ? but the logic is closing it at bigger profit ? Can you shine a light on this one. I am not complaining...

When writing EA's, everything is set as a condition.
What wasn't present before the trade got taken and what is now present to trigger a trade.

These conditions are a series of "If's & Then's"...

There is more than a single condition behind taking triggers to buy/sell, when to add positions, cost average or pyramid, as well as several pieces of logic that controls when to take profit.

Standard exits are as you describe to take profit when a profit condition has been met...
If (Orders.Sell>=TakeProfit) return(CloseAll);

But in doing this, we may just be taking profit as the trend starts to go in the direction of all trades, so I have added in exit conditions for a number of different possible outcomes and depending on how the current price is being read by way of the trend definitions that the EA understands.

So, what we want to do is, if the sum of all trades is greater than the value of our current user defined Take Profit value, and price is still moving in the direction of the trades, why not give it a little room to breathe, while still trying to protect the profit?

In your example, there are a number of Sell positions open.
Do we want to close trades as the price is falling, or do we want to wait until the fall starts to slow down(ie price starts moving back up)?

A simple condition of this would be written like this:
If(Orders.Sell>=TakeProfit && Close[1]>Open[1]) return(CloseAll);

Meaning that, if our sell positions are already in profit and we see the first bullish candle, then we can close all of these down and take profit.

The tricky part is trying to define these exit positions specific enough to not close at the first available profit area, but general enough to be available in almost any market condition, whether we are in trend or not.

For that...again, several pieces of logic have been added to try and assess where the market is currently at, and how much of a delay are we going to wait for, before closing them.

Make sense?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,568
  • Jun 11, 2016 10:19am Jun 11, 2016 10:19am
Quoting Magix
{quote} When writing EA's, everything is set as a condition. What wasn't present before the trade got taken and what is now present to trigger a trade. These conditions are a series of "If's & Then's"... There is more than a single condition behind taking triggers to buy/sell, when to add positions, cost average or pyramid, as well as several pieces of logic that controls when to take profit. Standard exits are as you describe to take profit when a profit condition has been met... If (Orders.Sell>=TakeProfit) return(CloseAll); But in doing this,...
That makes totally sense. Very clear piece of writing again thnx so much. Didn't see this massive profit earlier so now i know it takes profit when x conditions are met which can be as big like this example. Quite happy with it like I said.
"The needs of the many outweigh the needs of the few" - Spock
  • #1,569
  • Jun 11, 2016 10:37am Jun 11, 2016 10:37am
It has been brought to my attention that some of the closing logic on the Drag the Dead closes is missing exit triggers that may result in a Net loss if there are both longs in play, or may flat out miss opportunities to exit all while available profit is greater than equal to the user defined.





Will definitely need to get this sorted out.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,570
  • Jun 11, 2016 10:48am Jun 11, 2016 10:48am
Quoting Magix
It has been brought to my attention that some of the closing logic on the Drag the Dead closes is missing exit triggers that may result in a Net loss if there are both longs in play, or may flat out miss opportunities to exit all while available profit is greater than equal to the user defined. Will definitely need to get this sorted out. {image}
both longs in play > both longs 'and shorts' in play you mean over here ?
"The needs of the many outweigh the needs of the few" - Spock
  • #1,571
  • Jun 11, 2016 10:55am Jun 11, 2016 10:55am
Quoting Johnhere
{quote} both longs in play > both longs 'and shorts' in play you mean over here ?

Good catch...yup...

When both 'longs and shorts' are in play.

Issue is defining the condition in multiple ways while still leaving the original exit strategies in place...

I know what it needs to do...just can't wrap my fucking head around coding it!!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,572
  • Jun 11, 2016 11:18am Jun 11, 2016 11:18am
Hi Magix,
Pl. send Key for ID: C3987C1E245C6BE9694258A00032A4AC for testing next week from Monday.
  • #1,573
  • Jun 11, 2016 1:20pm Jun 11, 2016 1:20pm
Quoting radadiya
Hi Magix, Pl. send Key for ID: C3987C1E245C6BE9694258A00032A4AC for testing next week from Monday.

Here you go, sir.

Key = B9B76C25897977BFF4EE0F6D5291291F

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,574
  • Jun 11, 2016 2:49pm Jun 11, 2016 2:49pm
Quoting Magix
I know what it needs to do...just can't wrap my fucking head around coding it!!

HAH!

Fixed this motherfucker!!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,575
  • Jun 11, 2016 4:00pm Jun 11, 2016 4:00pm
Great work 16! pairs with 5k account size and it Looks really good balanced to me!
just do it
  • #1,576
  • Jun 11, 2016 4:06pm Jun 11, 2016 4:06pm
Along with the fix...

2 new User Parameters have been added.

1. WussyClose.
2. DailyRollFilter.

Due to the fact that the newest version can be shut down during High Impact News days, the need for the Wussy Close may not be as predominant and may in fact just cause additional losses instead of forcing profit.

If you look at the EURJPY chart, you can see where the retrace closed, or wussied out on long positions...and then following that, the Shorts closed in profit.
The sum of these 2 sets of trades resulted in a Net Loss as the Losses from Long Trades exceeded the Profits from Shorts.
With the Drag the Dead logic in place, and trading on non-news days, we can continue to assume the trend and look to force profit.
Or
Leave the WussyClose=true, and these motherfuckers will close exactly the same.

Typically speaking, market can change trends in a very narrow channel on Press days...in this, you can watch the logic either make narrow profits or take shallow losses depending on the range of channel...by removing the WussyClose, we can allow these trades to accumulate until the channel breaks out a larger trend is identified and the Drag the Dead Logic (with corrected closing) carries all to profit.

DailyRollFilter added as another user defined parameter. This will be a lot broker dependent as not all brokers have the same Daily Rollover Time. If trading a true NY Roll, we can assume that buys above this line are the safe bet, where shorts below are the safe bet...As a user defined variable, you can decide and if your broker has a true roll over, to follow this or not...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,577
  • Jun 11, 2016 4:09pm Jun 11, 2016 4:09pm
Quoting thodie
Great work 16! pairs with 5k account size and it Looks really good balanced to me!
A couple of modifications to the overall logic...

And though it was a late start on all 28 pairs...

Here's 28 pairs in trade on a $3k.
LINK



Will be restarting these next week for a full market week to rate across the board.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,578
  • Jun 11, 2016 4:24pm Jun 11, 2016 4:24pm
Quoting Magix
{quote} A couple of modifications to the overall logic... And though it was a late start on all 28 pairs... Here's 28 pairs in trade on a $3k. LINK Will be restarting these next week for a full market week to rate across the board.
GL! heavy news ahead and probably some bigger noise on GBP pairs.
just do it
  • #1,579
  • Jun 11, 2016 4:26pm Jun 11, 2016 4:26pm
Quoting thodie
{quote} GL! heavy news ahead and probably some bigger noise on GBP pairs.

Sit the news days out...let the trend take care of everything else!

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,580
  • Jun 11, 2016 4:30pm Jun 11, 2016 4:30pm
I´m gonna play with the fire - the couchsurfer EA is active since friday on GPB/USD just because of the brexit possibility. Looking for a few fast spikes.
just do it
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