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As complicated as necessary: Highest Open / Lowest Open Trade

  • #301
  • Jul 9, 2016 3:18am Jul 9, 2016 3:18am
Quoting ghostbiker
DirkH143: - yes more strong settings are better and TP 20 pips for the stoporders are right - for the limitorders you can test 30 Pips TP - I will give in the updated settings on monday 11.07. here
To Ghostbiker:
Starting on Sunday night, I will further test the settings that I have from last week.
I also will test the limit orders with 30 pips tp like you suggested.

When do you think can we add the GPB currencies again?

Then I test the EA with only 10 pips profit for stop orders and limit orders with a higher lot.

Got a questions though. How often do you change the settings of the currency strength settings?
I assume the higher the settings the better it is and more safer it is that a trade end up in a win. Am I right?

D.
  • #302
  • Edited Jul 10, 2016 5:03am Jul 9, 2016 5:28am | Edited Jul 10, 2016 5:03am
- start after 45 minutes or 1 hour after TOKYO open not earlier

- higher Lot for limits is not so good, better the same Lot us stoporders

- I will start on Monday after 150 minutes LOndon open with GBP
but with strong strength 8.9 - 0.1 and we can see is good or bad

- stoporders are good for 20 Pips (distance minimum 15 or 20 Pips)

- limitorders distance 30 Pips / TP 30 Pips

- I change only in the test phase for test which settings are the best for me

- from Monday USD 8.2 - 1.5 / EUR 8.2 - 1.5 / GBP 8.9 - 0.1 / JPY 8.5 - 1.0 /
AUD 8.5 - 1.0 / CAD 8.7 - 0.8 / CHF 8.7 - 0.9 / NZD 8.8 - 0.5

I don't trade the following pairs: NZDCAD, NZDCHF

NZD must make the gratest way, is a little currencie, USD make the shortest way for go in the win

Example: 5 good orders per day is enough, 3 x stoporder 2 x limitorder = total + 120 Pips / day
more orders more risk. Come more Orders on one day is good come lower orders next day is good too

here you can see with 4 orders per day you can earn + 20% monthly you must not have 10 or 15 orders
DD friday 07.07. evening under 1.5%

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_Real_07.07.JPG Size: 45 KB
  • #303
  • Jul 9, 2016 5:37am Jul 9, 2016 5:37am
SM, I personally agree with Kalawe, maximum win and maximum loss.

His concerns on :-

TO ALL : Switch off or Re-setting standart : automatic SL and TP. (SL= 10 ATR ; TP = 1 ATR)
That is not good ratio RR. You cannot use this setting with real account.
As you can see from result: SL 100pips (10 ATR) & TP 10-20pips (1 ATR).
One pair hit SL will wipe your profit ,OR will get plus with big DD (big floating minus)

I agree with his point of view. One time of SL will kill all the 10 times of win. Is there any way to mitigate such a "high risk" RR ratio and yet can maintain the profitability in long-term. Thanks
  • #304
  • Jul 9, 2016 6:36am Jul 9, 2016 6:36am
....... One time of SL will kill all the 10 times of win. Is there any way to mitigate such a "high risk" RR ratio and yet can maintain the profitability in long-term. Thanks[/quote]

Right bro, very right. So yes, set RR to at least 1:1, not 10:1 ... or even something like 1:2 or so ...
  • #305
  • Jul 9, 2016 6:47am Jul 9, 2016 6:47am
Quoting DerBerliner
....... One time of SL will kill all the 10 times of win. Is there any way to mitigate such a "high risk" RR ratio and yet can maintain the profitability in long-term. Thanks
Right bro, very right. So set RR to at least 1:1, not 10:1 ... or even something like 1:2 or so ...[/quote]

Yes, I tried at previous version, risk-return ratio 1:1 or 2:1 is not going to work well. Perhaps I should try 3:1 by next week.
  • #306
  • Jul 9, 2016 7:03am Jul 9, 2016 7:03am
@DerBerliner: hilf doch mal den jungen tradern auf DE weiter, die stellen dort Fragen und keiner gibt Antwort wie z. B. cello993
Oder ist niemand mehr da der sich mit traden auskennt ? Die Liebhaber der red Pips sollten sich vielleicht mal intensiv mit traden
beschäftigen und nicht mit mobben. Dieser Mister-X fährt mit Hilfe und Unterstützung der Mods das restliche Forum kpl. ins Nirwana

Nicht verzagen "ghostbiker" fragen green pips sind gefragt, nur die zählen unterm Strich
  • #307
  • Jul 9, 2016 9:05am Jul 9, 2016 9:05am
@GB
Damn ! In this forum English is the language all members here have to use ! So I wont answer your latest post, all the more it is one of your usual teasings ....
  • #308
  • Jul 9, 2016 10:35am Jul 9, 2016 10:35am
I just found this Olimpia's similar dashboard trading system that using currency strength and ADX but not restricted to M15. It based on both up and down indications and MTF, perhaps the EA can cross reference to the nature of this Olimpia's EA.
  • #309
  • Jul 9, 2016 10:52am Jul 9, 2016 10:52am
@chimoong: NOTE - this is a commercial dashboard (must pay for) and all this dashboards with 25 Indicators and 10 Skripts
are not more functionable. Have you test it ? Have u a backtest ?

Please make for this Dashboard and other Monster Dash a own Thread
  • #310
  • Jul 9, 2016 12:47pm Jul 9, 2016 12:47pm
Quoting ghostbiker
@chimoong: NOTE - this is a commercial dashboard (must pay for) and all this dashboards with 25 Indicators and 10 Skripts are not more functionable. Have you test it ? Have u a backtest ? Please make for this Dashboard and other Monster Dash a own Thread
I didn't test as I don't see EA on the first page. I normally test on demo but not on backtest, the results are always different.
  • #311
  • Edited 1:13pm Jul 9, 2016 12:55pm | Edited 1:13pm
Quoting chimoong
Dear All, my settings for today are a little bit difference ... all are yet positive. 1) All the pairs' strength differences are standardised at 8 - 1.8 = 6.2 (I personally find that the 6.2 is already strong enough, perhaps I'm wrong and at higher risk, yet need to test further ...) 2) No USD pairs at all, means 28 - 7 = 21 pairs Due to the Comment defects, I can't differentiate Stop and Limit orders. SwingMan is brilliant with such dynamic stop and limit orders to detect the current market prices movements, therefore can optimise the chances of...
Hi Chimoong; Could do you please tell if, yestarday friday did you trade under Non farm payroll? because could be interesting to compare and know how this brilliant EA goes under the red news
thanks
nesta
  • #312
  • Jul 9, 2016 1:29pm Jul 9, 2016 1:29pm
Quoting crebcreb
{quote} Hi Chimoong; Could do you please tell if, yestarday friday did you trade under Non farm payroll? because could be interesting to compare and know how this brilliant EA goes under the red news thanks
Do you notice that I didn't trade the 7 pairs of USD in my set file setting ? I was tiring with USD news. All my 21 pairs are non-USD pairs, therefore the Non farm payroll has nothing to do with my EA outcome.
  • #313
  • Jul 9, 2016 1:32pm Jul 9, 2016 1:32pm
Quoting chimoong
{quote} Do you notice that I didn't trade the 7 pairs of USD in my set file setting ? I was tiring with USD news. All my 21 pairs are non-USD pairs, therefore the Non farm payroll has nothing to do with my EA outcome.
thank you for your reply chimoong I realy appreciate it.
nesta
  • #314
  • Edited 9:37pm Jul 9, 2016 1:56pm | Edited 9:37pm
Here the new version - smCSReverse EA_v2.5

Only small changes, but a stricter version...
- The width of the Buy/Sell/Close buttons has been reduced

- After our voting based on the Daily Profit, we have now the changed names
Attached Image

Default-Differences (figures between brackets)
- In the Default-Difference column we have different colors for possible buy or sell signals
Example:
Limits for AUD (8.5 - 1.2)
Limits for NZD (8.8 - 0.8)
If the strength of AUD is greather as for NZD, DefaultDiff = 8.5 - 0.8 = 7.7 / possible Sell-Signal / color Gold
If the strength of NZD is greather as for AUD, DefaultDiff = 1.2 - 8.8 = -7.6 / possible Buy-Signal / color Blue

Warning:
In version 2.5, the signals are calculated stricter than in version 2.4
- In version 2.4, we take in consideration only the StrengthDifference and compare them with the DifferenceLimit.

- In version 2.5, the limits on both currencies must be met.
As example, for a Sell-Signal on AUDNZD we must have the AUD-Strength >= 8.5 and the NZD-Strength <= 0.8.
The condition of the version 2.4 is always satisfied!

In post # 302 you have the new limits for currencies recommended by @ghostbiker
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM15.png Size: 59 KB
Attached File(s)
File Type: ex4 smCSReverse EA_v2.5.ex4   145 KB | 861 downloads
  • #315
  • Edited 7:02pm Jul 9, 2016 5:50pm | Edited 7:02pm
Quoting SwingMan
Here the new version - smCSReverse EA_v2.5 Only small changes.
Thank you SwingMan

======================================================================================


Quoting chimoong
Is there any way to mitigate such a "high risk" RR ratio and yet can maintain the profitability in long-term. Thanks

Every pair have different volatility, maybe for SL is around 20pips is accepted many pair on TF M15.
Maybe i will try basket to take profit.

=====================================================================================



Quoting ghostbiker
- absolutely sure we can trade with fixed TP and fixed SL why not ?? had not to do with a EA and not to do with the spread or minimum distance - most Brokers have not a minimum distance and if, then 1 Pips or so by currencies - look in Post # 278 you can see exactly 20 Pips per StopOrder = 20 Pips for fixed TP in my settings - only if you trade with ATR SL and TP you have not a fixed SL and TP
Maybe You miss understood what i mean. FIX TP and SL of this EA is running OK, iam agree for that and iam using it.
note: iam not talking about STOPORDER Distance pips. But Iam talking about FIX: SL=STOPLOSS & TP=TAKING PROFIT. Read also post #274, iam always concerning about wrong number of SL.

Off course every pair have different MINIMUM for STOPLOSS and TAKE PROFIT.
Your example Post # 278, FIX TP 20 pips is accepted number for your broker on that pair, so your order can executed by EA and there is no problem of that transaction. EA is good on work, but that is not my point.


Lets we proof it now:ot
1. First is Turn OFF your automatic TP and SL.
2.Try input number 1 (one) on fix TP and SL column like picture below. When EA get order and send to broker, the result is : You will get BLANK of your TP & SL on your transaction trade. (This is my experience with this EA).

Why we get BLANK TP and SL ? Because Broker is not accepted 1pips as a STOPLOSS and TAKE PROFIT for that PAIR. I repeat: For "THAT PAIR".

EVERY PAIR Have own MINIMUM TP & SL from BROKER Rules:
Try manual trade of 2 pair: EURSUSD & GBPAUD.
-Then make SL 10pips manual by edit that 2 trade. You will look minimum number on EDIT page.
Maybe EURUSD will accept 10pips, But GBPAUD wont accept 10pips as SL.


All that mean is:
This ea is trade multi pair. Be carefull when using FIX TP and SL. You cannot using number that under your broker rules. And every pair have own rules for minimum TP and SL.
Attached Image
  • #316
  • Jul 9, 2016 11:17pm Jul 9, 2016 11:17pm
EA can be set so that the limits give -100 pips? For example.
Please excuse the bad English via Google Translate.
  • #317
  • Jul 10, 2016 1:09am Jul 10, 2016 1:09am
@ Ghostbiker:

How do you come up with the currency strength numbers?
Do you watch the strength the whole week?
I understand that it has to do with your experience, but you have to go on something else. Do you?

D.
  • #318
  • Jul 10, 2016 1:12am Jul 10, 2016 1:12am
Quoting SwingMan
Here the new version - smCSReverse EA_v2.5 Only small changes, but a stricter version... - The width of the Buy/Sell/Close buttons has been reduced - After our voting based on the Daily Profit, we have now the changed names {image} Default-Differences (figures between brackets) - In the Default-Difference column we have different colors for possible buy or sell signals Example: Limits for AUD (8.5 - 1.2) Limits for NZD (8.8 - 0.8) If the strength of AUD is greather as for NZD, DefaultDiff = 8.5 - 0.8 = 7.7 / possible Sell-Signal / color Gold If...
The max and min Daily Profit and Loss, is 10000 = 1000 Euros?
Because if you have to add another 0 to most of the numbers to get what you want then I assume you have to do it there to.

D.
  • #319
  • Jul 10, 2016 2:42am Jul 10, 2016 2:42am
Quoting DirkH143
The max and min Daily Profit and Loss, is 10000 = 1000 Euros? Because if you have to add another 0 to most of the numbers to get what you want then I assume you have to do it there to. D.
Please read # Post 277 http://www.forexfactory.com/showthre...68#post9019868
  • #320
  • Edited 7:23am Jul 10, 2016 3:17am | Edited 7:23am
@SwingMan: Thank you for your excellent speed work

I will test the 2.5 with the original strength settings from your update on a second Account

@Kalawe: I don't trade with SL under 10 Pips or 20 Pips and I don't trade with TP under 10 Pips.
If the broker had 1, 2 oder 3 Pips minimum distance, this is not a problem. Had a Broker more Pips
this is not my Broker

DirkH143: I trade with the strength rules since 7 years. In the past manually and I have control on the
strength all days for my trading. I trade now too with strength manually with candle M5 - H1 every day
with Chart including Fibonacci in trend direction. I want have only 4 - 6 good orders per day, not 15 or 20.
More orders more risk.
With strong settings come better orders. I will control how much orders come the next days with this setting
and we can change it. If I trade other strength I will give in here

With strength trading you must have patience
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