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  • #1,981
  • Jul 15, 2016 9:51am Jul 15, 2016 9:51am
Quoting Route206
Hello Bauta, Yesterday I hedged my EURJPY as the market kept grinding higher and i didn't want 5.11 lots of (my!) JPY floating around in the market. So far a smart choice. As am licking my wounds, i have been doing a lot of thinking ... a lot! Your EA is really good, nothing changes that, but the JPY showed us there is still the Black Swan event we need to address. My earlier post on expanding the grid based on a certain price position relative to the monthly chart... well... forget it. While it may do some, it will not prevent anything, so don't...
I do agree with most of your suggestions, my friend ...except one: to abandon JPY pairs. They are some of my best pairs.
Just as GBPNZD. That pair had a range from yesterday's low to today's high of over 800 pips, but it still made 185€ profit for me today on -1866 pips!

Actuallly unpossible, but true. Simple reason by EA's increasing lot size and 93 pips grid step on a well capitalizated account as Bauta do recommend.
Max DD was just below 10%, thus no stress and fear.
Of course, one can always make a good thing still better...let's work on it.

Happy trading and stay tuned...

jdva
I never lose - either I win or I learn...
  • #1,982
  • Jul 15, 2016 10:03am Jul 15, 2016 10:03am
Quoting jdva
Bauta, I'm forward testing newest versions EG104 32c and DayTarget 06 with 20 pairs on a well-capitalized EUR demo account. So far so good. Default settings except "ATR_20day", DayTarget profit amount $300 and DailyReset=false. But profit amount $300 remains the same and did not accumulate next server day to $/600. Hence on the last two days when profit amount 300 has been achieved (B>A), EA went to closure mode. I guess because DayTarget amount did not accumulate to 600 as it really should do...as C was never bigger than A! Any idea/help? {image}...
I will fix it. when completed I will post here.
thanks, bauta
  • #1,983
  • Edited 11:40am Jul 15, 2016 10:19am | Edited 11:40am
Quoting bauta
note I do not believe in neutralizing. it is hard and complicate to de-neutralize
I do agree with the latter, but... the issue that worries me more is accumulating too many positions. Note that with EURJPY we would have been dancing around with 10lots by now!! Also: there is always MaximumLevels... it is determined by your margin!
As such we're probably better off taking some control over it, as otherwise your broker will. ;-)

So I agree with the de-neutralize issue being difficult but I strongly feel we have to crack that nut. Speaking for myself, I cannot emotionally cope with more than 2-3 lots dancing around..in a market that is roaring against you. If that goes on for longer than a day, I lose my cool pretty quickly. Call me a pussy, but that's how it is

Quoting jdva
Max DD was just below 10%
Interesting indeed. What was your max grid level? (Or max #positions)
Not that it means much for the future, but just curious. ;-)
  • #1,984
  • Jul 15, 2016 12:13pm Jul 15, 2016 12:13pm
Quoting Route206
{quote} I do agree with the latter, but... the issue that worries me more is accumulating too many positions. Note that with EURJPY we would have been dancing around with 10lots by now!! Also: there is always MaximumLevels... it is determined by your margin! As such we're probably better off taking some control over it, as otherwise your broker will. ;-) So I agree with the de-neutralize issue being difficult but I strongly feel we have to crack that nut. Speaking for myself, I cannot emotionally cope with more than 2-3 lots dancing around..in a...
level 8 sell
level 1 buy
I never lose - either I win or I learn...
  • #1,985
  • Jul 15, 2016 1:51pm Jul 15, 2016 1:51pm
That totals about 2 lots in my setup. Yeah - I can handle that for a couple of hours
Thanks.
  • #1,986
  • Edited 8:32am Jul 16, 2016 8:15am | Edited 8:32am
Hi, bauta,

IMO, hedging by EA is not right way to avoid the big DD because it may start to retrace just after you place hedge orders. Manual hedging after some news maybe useful depending on trading experience.

I checked your USDJPY chart, many sell orders are placed when the pairs go straight up. There is a good grid system made by GVC called FTL: on 5m or 15m chart(even on 1m), when current bar is the reversed bar compared with previous bar, and bid(not need to be bar close) above the previous bar highest, and grid size >= defined grid size, place a buy order; when current bar is the reversed bar compared with previous bar, and ask below the previous bar lowest and bar and size >= defined bar size, place a sell order. This means the retrace order are defined by grid size and retrace signal(for instance FTL).

code for FTL (without checking grid size) like below:

if (Close[1] < Open[1] && Bid > High[1]) return (BuySignal);
if (Close[1] > Open[1] && Ask < Low[1]) return (SellSignal);

Would you please check it?

Sunnybeach
  • #1,987
  • Jul 16, 2016 5:32pm Jul 16, 2016 5:32pm
Quoting Sunnybeach
because it may start to retrace just after you place your hedge orders
True, but how is it different from "it may may start to move further against you just after you add your additional positions"?
Interesting analysis though Sunnybeach!
Don't get me wrong, I know that diligently waiting it out with deep pockets and lots of confidence will get the job done, but I feel that hedging in a roaring market (and it *is* roaring when you accumulate 8 positions) is something worth considering.

I will let Bauta comment, but I think your suggestion on taking positions has already been more or less implemented.
  • #1,988
  • Jul 16, 2016 9:06pm Jul 16, 2016 9:06pm
Hello bauta,

I have seen your EA on mql5.

Does it work on live accounts?
Do you also offer a manual where it is described in detail how it works?

Regards.
  • #1,989
  • Jul 17, 2016 5:58am Jul 17, 2016 5:58am
Note that with EURJPY we would have been dancing around with 10lots by now!! Also: there is always MaximumLevels... it is determined by your margin! As such we're probably better off taking some control over it, as otherwise your broker will. ;-)
I never lose - either I win or I learn...
  • #1,990
  • Jul 17, 2016 10:55am Jul 17, 2016 10:55am
Quoting jdva
Note that with EURJPY we would have been dancing around with 10lots by now!! Also: there is always MaximumLevels... it is determined by your margin! As such we're probably better off taking some control over it, as otherwise your broker will. ;-)
sorry, Route206, this part of your former post was taken by mistake...
I never lose - either I win or I learn...
  • #1,991
  • Jul 17, 2016 1:28pm Jul 17, 2016 1:28pm
I tried the preset settings. Maybe on the wrong currency pair and wrong time frame.
5 trades and i was gone.
Can you give suggestion regarding settings, TF and currency?
That would be nice for backtesting.
  • #1,992
  • Jul 17, 2016 2:23pm Jul 17, 2016 2:23pm
Quoting bauta
{quote} EG104/a240 setup: I did closure mode USDCHF, NZDUSD, USDCAD and EURJPY. I will trade only this 4 pairs: EURUSD, USDJPY, GBPUSD and AUDUSD I am setting StartLotQty=0.02 for the above pairs. (0.02*4*100000*2500=20K) bauta
Hi Bauta,

How do you closure mode a certain pair? Via Ea target or directly from EG104? i would like to do it for some of my open pairs not all.

Thanks
Mohsen
  • #1,993
  • Jul 17, 2016 2:37pm Jul 17, 2016 2:37pm
Quoting bauta
DayTarget revision 06c What is new? Neutralization, NeutralizeBalancePercent=0 Parameter NeutralizePercent created in DayTarget to neutralize all EG104's at once. (global neutralization) Learning from the JPY move in the last two days, I did learn that a recovery environment must be created when account loss is greater than a percent, let's say 50% neutralizing may be a solution, but it must be played in smart and calm way, emotions must go away. To do so, a set of rules must be created. note that neutralization did not work on the past, I am going...
Hi Bauta,

For Neutralization, i have an suggestion, using combination of percent of balance (i.e 50%) for activation and then applying it on only pairs that went wild and passed certain grid level like 10+ (changeable), so other pairs which are less in danger will continue trading.
In this case managing few neutralized pairs would be much easier than plus 10 or 15 pairs.

Thanks
Mohsen
  • #1,994
  • Jul 17, 2016 11:25pm Jul 17, 2016 11:25pm
Quoting schullch
I tried the preset settings. Maybe on the wrong currency pair and wrong time frame. 5 trades and i was gone. Can you give suggestion regarding settings, TF and currency? That would be nice for backtesting.
This EA has nothing to do with TF. You can put it on any TF.
bauta suggest to use default setting.
This EA has nothing to do with currency pairs but we would like to put it on "stable" pairs like EURUSD, AUDUSD, GBPUSD.....
  • #1,995
  • Jul 17, 2016 11:38pm Jul 17, 2016 11:38pm
Quoting Sunnybeach
...
http://www.forexfactory.com/showthre...al#post8963764
  • #1,996
  • Jul 17, 2016 11:39pm Jul 17, 2016 11:39pm
Quoting schullch
Hello bauta, I have seen your EA on mql5. Does it work on live accounts? Do you also offer a manual where it is described in detail how it works? Regards.
1.- Yes,
2.- follow this thread
thanks, bauta
  • #1,997
  • Jul 17, 2016 11:42pm Jul 17, 2016 11:42pm
Quoting schullch
I tried the preset settings. Maybe on the wrong currency pair and wrong time frame. 5 trades and i was gone. Can you give suggestion regarding settings, TF and currency? That would be nice for backtesting.
timeframe: Any
currencies: Any, I do recommend to start with EURUSD, GBPUSD, USDJPY and AUDUSD
backtesting: this EA needs tick data. backtest for functionality, demo two or three months for results.
thanks, bauta
  • #1,998
  • Jul 17, 2016 11:43pm Jul 17, 2016 11:43pm
Quoting Mohsen-b
{quote} Hi Bauta, How do you closure mode a certain pair? Via Ea target or directly from EG104? i would like to do it for some of my open pairs not all. Thanks Mohsen
to closure a pair set CONTINUE=false
http://www.forexfactory.com/showthre...09#post8879209
  • #1,999
  • Jul 17, 2016 11:46pm Jul 17, 2016 11:46pm
Quoting Mohsen-b
{quote} Hi Bauta, For Neutralization, i have an suggestion, using combination of percent of balance (i.e 50%) for activation and then applying it on only pairs that went wild and passed certain grid level like 10+ (changeable), so other pairs which are less in danger will continue trading. In this case managing few neutralized pairs would be much easier than plus 10 or 15 pairs. Thanks Mohsen
it is using 3 levels for global neutralization. I will consider setting a parameter to allow changing this level.
all pairs trading at level 3 or under, will be not neutralized by global variable neutralize (DayTarget)
thanks, bauta
  • #2,000
  • Jul 18, 2016 2:55am Jul 18, 2016 2:55am
Hi Bauta,

Glad to see your revision. During trading, I found EG keep selling in up trend or buying in down trend, accumulating bit lots. It makes me really nervous sometimes. Fortunately your version031 solve the problem of opening countertrend lots in fast moving market. You use fractal in M1 to make judgement. How about using the idea in a larger timeframe, for example M5? If EG knows it is a trending market and slows down opening countertrend lots, it will be great.
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