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  • #821
  • Jun 16, 2016 11:07pm Jun 16, 2016 11:07pm
Quoting raiders
Pip-Miner Another idea for the EA is to take a certain amount off the table, lets say 75-80%, when price crosses the 30 or 70 level on the RSI and let the rest run with a trailing stop that runs 1 tick over the back side of the DC
no worries man , give me the rules , money management , code it all up .
ie as a mock example

1) stochastic has to be > 80 overbought
2) atr < 50
3) macd > bla then its a buy

for a sell
1)
2) ETC
  • #822
  • Jun 16, 2016 11:11pm Jun 16, 2016 11:11pm
Remaining short bias still hasn't failed us. +43 pips and this is supposed to be an M1 scalp? Alot of pips for a scalp.

Later I'm going to kick myself again if this thing falls another 300 pips.
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  • #823
  • Jun 16, 2016 11:21pm Jun 16, 2016 11:21pm
still in my short gbpjpy from 149.35 . i need a 200 + trade to compete with edmun for most pips today
  • #824
  • Jun 16, 2016 11:30pm Jun 16, 2016 11:30pm
Quoting Pip-Miner
{quote} no worries man , give me the rules , money management , code it all up . ie as a mock example 1) stochastic has to be > 80 overbought 2) atr < 50 3) macd > bla then its a buy for a sell 1) 2) ETC
Rules are

For a short
1) there must be a bearish divergence present on the RSI
2) there must be a trend line break dropping price onto the lower line of the Donchian Channel(not sure how that could be programmed though because its kind of subjective as to where one would like to place the trend line) But perhaps theres an indi out there that draws them auto based on some smart asses rules?
3) the entrance is 1 tick below the lower DC
4) SL goes 1 tick above the upper DC
5) take 75% of profits when RSI crosses the 30 level
6) When 75% profits taken SL is trailed 1 tick above the upper DC until stopped out by price.
7) lets say each trade is for 1.5% of account?

Long would just be the opposite.

We could maybe even filter it more by perhaps throwing a 100 SMA based on the hourly chart? Above look for longs and below for shorts?? I dont know i guess im open to suggestions on that one since ive never done this type of stuff. Perhaps its not even necessary
  • #825
  • Jun 16, 2016 11:31pm Jun 16, 2016 11:31pm
Marathon traders eh... Well... That's where big money is if you get them.
  • #826
  • Jun 16, 2016 11:32pm Jun 16, 2016 11:32pm
Quoting raiders
{quote} Rules are For a short 1) there must be a bearish divergence present on the RSI 2) there must be a trend line break dropping price onto the lower line of the Donchian Channel(not sure how that could be programmed though because its kind of subjective as to where one would like to place the trend line) But perhaps theres an indi out there that draws them auto based on some smart asses rules? 3) the entrance is 1 tick below the lower DC 4) SL goes 1 tick above the upper DC 5) take 75% of profits when RSI crosses the 30 level 6) When 75% profits...
Don't forget the Indicator settings.
  • #827
  • Jun 16, 2016 11:33pm Jun 16, 2016 11:33pm
GU

entrance as of right now is sitting at 1.42188 SL at 1.42932

** might change though depending on how price acts
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  • #828
  • Jun 16, 2016 11:36pm Jun 16, 2016 11:36pm
Quoting raiders
{quote} Rules are For a short 1) there must be a bearish divergence present on the RSI 2) there must be a trend line break dropping price onto the lower line of the Donchian Channel(not sure how that could be programmed though because its kind of subjective as to where one would like to place the trend line) But perhaps theres an indi out there that draws them auto based on some smart asses rules? 3) the entrance is 1 tick below the lower DC 4) SL goes 1 tick above the upper DC 5) take 75% of profits when RSI crosses the 30 level 6) When 75% profits...
ok i code it up on weekend . Most EA 's fails due to poor money mnagement and using it in the wrong conditions ie long on a interest cut FED/ The user has to be skilled trader for it work all time.
  • #829
  • Jun 16, 2016 11:43pm Jun 16, 2016 11:43pm
Quoting Pip-Miner
{quote} ok i code it up on weekend . Most EA 's fails due to poor money mnagement and using it in the wrong conditions ie long on a interest cut FED/ The user has to be skilled trader for it work all time.
Yea im not sure this thing would be able to function solo because of the discrepancies one might have with the trend lines unless like maflip said theres some kind of filter for it. But perhaps it could be a tool to recognize the patterns and give alerts as to the setups and the trader could choose to enter or not to enter. Once they do the rules are set and the rest is automated.

Does that even makes sense? Im not sure right now lol only had about 3 hours of sleep lol
  • #830
  • Jun 16, 2016 11:49pm Jun 16, 2016 11:49pm
Quoting raiders
{quote} Yea im not sure this thing would be able to function solo because of the discrepancies one might have with the trend lines unless like maflip said theres some kind of filter for it. But perhaps it could be a tool to recognize the patterns and give alerts as to the setups and the trader could choose to enter or not to enter. Once they do the rules are set and the rest is automated. Does that even makes sense? Im not sure right now lol only had about 3 hours of sleep lol
Raiders what do you think of GBPAUD filter out the long trade due to Brexit? My H1 still does not have a target for it but seems to be setting up for a long.

Or just screw it Brexit vote is next week? I'm just showing the chart I don't think it's a good idea now to be holding any GBP pairs for days before the vote anyway.
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  • #831
  • Jun 16, 2016 11:52pm Jun 16, 2016 11:52pm
Quoting raiders
{quote} Yea im not sure this thing would be able to function solo because of the discrepancies one might have with the trend lines unless like maflip said theres some kind of filter for it. But perhaps it could be a tool to recognize the patterns and give alerts as to the setups and the trader could choose to enter or not to enter. Once they do the rules are set and the rest is automated. Does that even makes sense? Im not sure right now lol only had about 3 hours of sleep lol
I draw trend lines when zigzag makes a new high or low. This is not subjective. I draw it consistently this way using the white zigzag after it's drawn.
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  • #832
  • Edited Jun 17, 2016 12:03am Jun 16, 2016 11:52pm | Edited Jun 17, 2016 12:03am
Quoting maflip
{quote} Raiders what do you think of GBPAUD filter out the long trade due to Brexit? My H1 still does not have a target for it but seems to be setting up for a long. Or just screw it Brexit vote is next week? I'm just showing the chart I don't think it's a good idea now to be holding any GBP pairs for days before the vote anyway. {image}
Looks like a decent short set up. Give me a sec to post the chart

looking deeper into it....

15M chart isnt clean. Had a hard time trying to figure out where to put the trend line. (maybe you have a suggestion there??) So I pulled up fractals and just lined it up the best I could for a short side break based on the bearish divergence.

1HR chart looks amazing for a long. Nice strong bullish divergence on both oscillators plus a nice stong break of the trend line. Problem is the entrance should have been at 1.92619 so its late to the party. but perhaps if the 15M chart gives a pullback we can maybe get another entrance signal??
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  • #833
  • Jun 16, 2016 11:53pm Jun 16, 2016 11:53pm
Quoting raiders
{quote} Yea im not sure this thing would be able to function solo because of the discrepancies one might have with the trend lines unless like maflip said theres some kind of filter for it. But perhaps it could be a tool to recognize the patterns and give alerts as to the setups and the trader could choose to enter or not to enter. Once they do the rules are set and the rest is automated. Does that even makes sense? Im not sure right now lol only had about 3 hours of sleep lol
have you got a picture or screen shot of the actual template with all the indicators . I will come up with something as close as possible and we can discuss modifications when we look at the results. Have you got the Donchian Channel indicator ? not sure if it comes standard in MQL4 , currently at work by way.
I can do a custom call to the Donchian Channel indicator and we can put our 'custom' settings for it, or any indicator. If not we can have another method
  • #834
  • Jun 17, 2016 12:05am Jun 17, 2016 12:05am
Quoting raiders
{quote} Looks like a decent short set up. Give me a sec to post the chart looking deeper into it.... 15M chart isnt clean. Had a hard time trying to figure out where to put the trend line. (maybe you have a suggestion there??) So I pulled up fractals and just lined it up the best I could for a short side break based on the bearish divergence. 1HR chart looks amazing for a long. Nice strong bullish divergence on both oscillators plus a nice stong break of the trend line. Problem is the entrance should have been at 1.92619 so its late to the party....
Ah ok cool bro I am expecting it to go down to make a swing low. So that I will have a target on H1. But that trade if I take may take days to complete and Brexit is next week. So it's a no go. Thanks.
  • #835
  • Jun 17, 2016 12:10am Jun 17, 2016 12:10am
Quoting maflip
{quote} Ah ok cool bro I am expecting it to go down to make a swing low. So that I will have a target on H1. But that trade if I take may take days to complete and Brexit is next week. So it's a no go. Thanks.
Im not going to bullshit you man ive stayed away from all longer term euro block currency trades for about a week now because of brexit. Thats what got me thinking about this system. liquidity is getting worse every day + brokers are no doubt going to start acting stupid probably starting friday so??
  • #836
  • Jun 17, 2016 12:13am Jun 17, 2016 12:13am
Quoting Pip-Miner
{quote} have you got a picture or screen shot of the actual template with all the indicators . I will come up with something as close as possible and we can discuss modifications when we look at the results. Have you got the Donchian Channel indicator ? not sure if it comes standard in MQL4 , currently at work by way. I can do a custom call to the Donchian Channel indicator and we can put our 'custom' settings for it, or any indicator. If not we can have another method
I havent been in my home office in about a week because im having work done in it so no real access to MT4 other than some shitty one i found for my MAC. So the only DC indi ihave is from this trade station nonsense. But no doubt we can find a basic one that will do the job just fine
  • #837
  • Jun 17, 2016 12:48am Jun 17, 2016 12:48am
UJ

No signal but the setup is lovely

Looks like a perfect wave 4 bear flag

102 and change looks like its on the menu. Then pullback then 101??
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  • #838
  • Jun 17, 2016 12:53am Jun 17, 2016 12:53am
Quoting raiders
{quote} Im not going to bullshit you man ive stayed away from all longer term euro block currency trades for about a week now because of brexit. Thats what got me thinking about this system. liquidity is getting worse every day + brokers are no doubt going to start acting stupid probably starting friday so??
Agree... It's just I've been watching this pair for days for long term up but due to Brexit next week I can't take it.
  • #839
  • Jun 17, 2016 1:12am Jun 17, 2016 1:12am
Quoting raiders
{quote} Yea im not sure this thing would be able to function solo because of the discrepancies one might have with the trend lines unless like maflip said theres some kind of filter for it. But perhaps it could be a tool to recognize the patterns and give alerts as to the setups and the trader could choose to enter or not to enter. Once they do the rules are set and the rest is automated. Does that even makes sense? Im not sure right now lol only had about 3 hours of sleep lol
there are tools to measure the strength of the trend like atr but actual cuts to a trend line mm
  • #840
  • Edited 1:34am Jun 17, 2016 1:15am | Edited 1:34am
Round 2 short M5 entry.

Scalping target is +26 pips for M1.

* Currently went as far as +20 now they need to break that mini sloping up trend line down.
* If I get this right then I'm halfway to Edmund and Pip-Miner's 200 pip a day goal.
* Scalping Target hit +26.
* Flat +9 (Hit my M1 Fractal trailing stop)
* They don't want me to hit it big yet. Next trade, it's cool. I bet Edmund got some of that action too.
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