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Falling Knives

  • #1,861
  • Jun 27, 2016 6:36pm Jun 27, 2016 6:36pm
Quoting Magix
This keeps me consistently amused. 46 Downloads and only a fist full of folks requesting a key. Either the same 8 guys downloaded 5+ times each (which I doubt)...or there are a bunch of Backtest Junkies wondering why this fucker doesn't work. {image}
Attached Image
"The needs of the many outweigh the needs of the few" - Spock
  • #1,862
  • Jun 27, 2016 11:22pm Jun 27, 2016 11:22pm
Just wondering, in the commercial version did you remove all the "shown" indicators from the running chart? Mine is bare, does not bother me just wondered if that is correct.
  • #1,863
  • Jun 28, 2016 2:28am Jun 28, 2016 2:28am
Finally...the EA's logic could manage to get out on GBPAUD trades with a profit this early morning...... but it was a big rollercoaster ride.
Fortunately, it happens during our night because the floating DD of the short positions - I guess about 30 - must have been very close to the stoploss point.
GA retraced several times from the droping EMA1440 back, hence the logic continued to cost averaging and did no pyramiding.

I hope that Johnhere's live account could survive as well...!

Happy trading, jdva
I never lose - either I win or I learn...
  • #1,864
  • Jun 28, 2016 2:51am Jun 28, 2016 2:51am
Quoting jdva
Finally...the EA's logic could manage to get out on GBPAUD trades with a profit this early morning...... but it was a big rollercoaster ride. Fortunately, it happens during our night because the floating DD of the short positions - I guess about 30 - must have been very close to the stoploss point. GA retraced several times from the droping EMA1440 back, hence the logic continued to cost averaging and did no pyramiding. I hope that Johnhere's live account could survive as well...! Happy trading, jdva
Exactly the way you describe it JvdA 2 $ profit
But did I slepped like a baby no heheheh was giving up watching it very late last night. It was as low as 80 Margin level and a lot of Not enough money messages in the journal. And three emails from my broker to warn for a margin call.
I think that earlier thread version of FKIC already had started pyramiding. There is changed something in a good way.
This measurement (one of the biggest recoveries until now) is going into my knowledge base. Lessons learned.

But again I have to admit here despite the fact that the logic wouldn't have to bring it that far... all credits goes to ...

Live is disabled now.

My broker informed me that Friday night the leverage is going to be reverted to original values.
Have a nice day !
"The needs of the many outweigh the needs of the few" - Spock
  • #1,865
  • Jun 28, 2016 3:06am Jun 28, 2016 3:06am
Quoting Johnhere
{quote} Exactly the way you describe it JvdA 2 $ profit But did I slepped like a baby no heheheh was giving up watching it very late last night. It was as low as 80 Margin level and a lot of Not enough money messages in the journal. And three emails from my broker to warn for a margin call. This measurement (one of the biggest recoveries until now) is going into my knowledge base. Lessons learned. But again I have to admit here despite the fact that the logic wouldn't have to bring it that far... all credits goes to ... Live...
Yes, my friend, I'm happy for you...do fully agrree: Lesson learned me too!
Nice and above all calm day for you, as well...!

HT jdva
I never lose - either I win or I learn...
  • #1,866
  • Jun 28, 2016 3:15am Jun 28, 2016 3:15am
Quoting jdva
{quote} Yes, my friend, I'm happy for you...do fully agrree: Lesson learned me too! Nice and above all calm day for you, as well...! HT jdva
Thanks mate you too
"The needs of the many outweigh the needs of the few" - Spock
  • #1,867
  • Jun 28, 2016 8:44am Jun 28, 2016 8:44am
Okay...

So, here is an example of the Lost Sock in full Logic.

Red=Shorts
Yellow=No Trades
Green=Longs

From Left to right, you can see the shorts taken in short cycle as well as the yellow no trades taken. Fortunately, those trades closed in profit without the need for additional cost averaged positions.

A couple of shorts got taken, but then the EA read the trend change as long and started taking longs, while still holding a couple losing shorts.

During the Long cycle, there were a couple of opportunities where the logic started to read early reversals and opportunity to cost average the shorts, attempted a few trades until found the profit and exit strategy triggering.

The Lost Sock, was found!
Attached Image (click to enlarge)
Click to Enlarge Name: lostsock.png Size: 162 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,868
  • Jun 28, 2016 9:40am Jun 28, 2016 9:40am
Quoting Magix
Okay... So, here is an example of the Lost Sock in full Logic. Red=Shorts Yellow=No Trades Green=Longs From Left to right, you can see the shorts taken in short cycle as well as the yellow no trades taken. Fortunately, those trades closed in profit without the need for additional cost averaged positions. A couple of shorts got taken, but then the EA read the trend change as long and started taking longs, while still holding a couple losing shorts. During the Long cycle, there were a couple of opportunities where the logic started to read early reversals...
Very cool ! and very smart too. I like the benefit of keeping the total orders for the lost socks low. And you just keep on trading in between !
Is this a total new concept or part of improvements for your FKIC art ?
"The needs of the many outweigh the needs of the few" - Spock
  • #1,869
  • Jun 28, 2016 9:51am Jun 28, 2016 9:51am
Quoting Johnhere
{quote} Very cool ! and very smart too. I like the benefit of keeping the total orders for the lost socks low. And you just keep on trading in between ! Is this a total new concept or part of improvements for your FKIC art ?
For the time being, it's going to remain it's own separate entity for testing.

The idea is to have an alternate logic that will trade high-impact news days for FKIC instead of only having an option of staying closed.

Faster trend recognition means that we aren't necessarily taking trades to counter, but are more so looking at not adding in uncertain times and allowing the logic to seek out effective cost averaging points if there is a surge in price created by High Impact News.

The idea is to have the option:
Trade on (Day of week) - 1. Falling Knives 2. Lost Socks 3. No Trades.

This way, if you are trading Falling Knives and have numerous open positions coming into a High Impact News day, instead of letting them try to close by normal logic, they can be managed by an aggressive trend scalper and passive counter logic, if there are already trades opened against the current trend.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,870
  • Jun 28, 2016 10:17am Jun 28, 2016 10:17am
Quoting Magix
{quote} For the time being, it's going to remain it's own separate entity for testing. The idea is to have an alternate logic that will trade high-impact news days for FKIC instead of only having an option of staying closed. Faster trend recognition means that we aren't necessarily taking trades to counter, but are more so looking at not adding in uncertain times and allowing the logic to seek out effective cost averaging points if there is a surge in price created by High Impact News. The idea is to have the option: Trade on (Day of week) - 1....
Artifactual intelligence is what they call it Very cool.
"The needs of the many outweigh the needs of the few" - Spock
  • #1,871
  • Jun 28, 2016 10:57am Jun 28, 2016 10:57am
Quoting Johnhere
{quote} Artifactual intelligence is what they call it Very cool.
AI of sorts...
There's still the need for some manual interjection by way of setting the matrix in the EA inputs tabs and we have been milling the idea of pulling data from the matrix with the combination of a news filter...now that'd be fucking awesome.

The only days you would need to set are the days you absolutely don't want to trade and then let the News Filter set the High Impact to Lost Socks, all other open days to Falling Knives and, TADA!

Thing is...

I haven't been able to verify a suitable alternate logic.
Lost socks has only been in play this week and though I can confirm the triggering and logic, we are less than standard by way of regular market deviations...so, this idea will need to be a total fucking lock before I take time to try and compress them together and will definitely take a few months of regular market tests before I get all hot n heavy about trying to mash these motherfuckers together.

Just working out the logistics of lost socks over the weekend was a challenge.

If all goes well, will look to get all 3 into a single EA, might be without the News Filter logic flip initially, but maybe eventually.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,872
  • Jun 28, 2016 11:09am Jun 28, 2016 11:09am
Quoting Magix
{quote} For the time being, it's going to remain it's own separate entity for testing. The idea is to have an alternate logic that will trade high-impact news days for FKIC instead of only having an option of staying closed. Faster trend recognition means that we aren't necessarily taking trades to counter, but are more so looking at not adding in uncertain times and allowing the logic to seek out effective cost averaging points if there is a surge in price created by High Impact News. The idea is to have the option: Trade on (Day of week) - 1....
Sounds like an excellent idea!
What I have seen many times is a margin level diving under 400 (a couple of times around 100) with open trades on only 2 pairs (due to many stacked trades only few pips apart) , so how would you feel about a trade restiction on new pairs in those cases? I am doing this manually now...
  • #1,873
  • Jun 28, 2016 11:23am Jun 28, 2016 11:23am
Quoting Go5
{quote} Sounds like an excellent idea! What I have seen many times is a margin level diving under 400 (a couple of times around 100) with open trades on only 2 pairs (due to many stacked trades only few pips apart) , so how would you feel about a trade restiction on new pairs in those cases? I am doing this manually now...
Restrictions per pair can be handled by the time delay and grid range..but until these are tested, you may just want to either continue to limit the pairs traded manually or keep to a minimum amount of pairs in trade by the size of your current account.

Yeah, it can look pretty serious when the live is dipping in the higher DD ranges...this is a hurdle that most will need to learn to overcome, or address by using alternate trade methodologies.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,874
  • Jun 28, 2016 1:09pm Jun 28, 2016 1:09pm
https://www.myfxbook.com/members/Chi...r/fkic/1685597
  • #1,875
  • Jun 28, 2016 1:39pm Jun 28, 2016 1:39pm
Quoting Go5
{quote} Sounds like an excellent idea! What I have seen many times is a margin level diving under 400 (a couple of times around 100) with open trades on only 2 pairs (due to many stacked trades only few pips apart) , so how would you feel about a trade restiction on new pairs in those cases? I am doing this manually now...
On the other side of things...

Lost sock seems a lot lighter on Draws...so can just be used completely as an instead of.

Once I have some time to confirm, it just may be the answer you are looking for.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,876
  • Jun 28, 2016 1:39pm Jun 28, 2016 1:39pm
Quoting spankworthy
https://www.myfxbook.com/members/Chi...r/fkic/1685597
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,877
  • Jun 28, 2016 3:17pm Jun 28, 2016 3:17pm
Quoting Magix
{quote} On the other side of things... Lost sock seems a lot lighter on Draws...so can just be used completely as an instead of. Once I have some time to confirm, it just may be the answer you are looking for.
That would be great!
  • #1,878
  • Edited Jun 29, 2016 12:56am Jun 28, 2016 10:17pm | Edited Jun 29, 2016 12:56am
Quoting Magix
{quote}
DD is 26%. My gain is 2.5% and DD is 15% and its increasing, please advise how to reduce DD without sacrificing gain.
At this moment when I am editing post it has caused 12.55% loss and flat is 5%
I am using following pairs: USDJPY, GBPJPY, AUDUSD, GBPAUD
  • #1,879
  • Jun 29, 2016 4:19am Jun 29, 2016 4:19am
Magix, EA closed this morning a bunch of EURCAD long positions with a loss of over 600 pips, default settings with Tap Out On Retrace set to TRUE.
Was that setting responsible for the closure or what else?
My stoploss has been still far away.

Attached Image (click to enlarge)
Click to Enlarge Name: ECAD.png Size: 62 KB


Thanks, jdva
I never lose - either I win or I learn...
  • #1,880
  • Jun 29, 2016 6:01am Jun 29, 2016 6:01am
Quoting jdva
Magix, EA closed this morning a bunch of EURCAD long positions with a loss of over 600 pips, default settings with Tap Out On Retrace set to TRUE. Was that setting responsible for the closure or what else? My stoploss has been still far away. {image} Thanks, jdva
Yes.

It would appear that the trend changed on EURCAD as defined by the logic and the Tap out on Retrace closed the trades at a loss.

Tap out on Retrace was added as an option, "The Wussy Close", and by default, has always been set to true...only difference is now you have this as an option.

The reason I added it as an option is because we've previously just taken all trades as being the same...now that we can choose to not trade certain days, the "Wussy Close" may not be as required.

Personally...and if you are running with more than 7 pairs, it still may be integral. With brokers having maximum limits set for numbers of trades in play, this logic can easily hit that if there isn't some way to either tap out on losses...From previous testing, EURCAD was one of the pairs that gave me issues when I wasn't working with a wussy close. It stomped in and out of trend in a fairly tight channel, consequently hitting max positions and stopping the EA from trading on all other pairs.

A 600 pip loss is a hard pill to swallow...but if you wake up and see that you have so many trades open that your account no longer has the ability to cost average or effectively manage the positions on any pair...that's even tougher.

This is the "Chew the Limb off" option to allow the rest of the pairs and logic to try to prosper.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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