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Elite : automation of selected systems

  • #361
  • Aug 7, 2016 4:59pm Aug 7, 2016 4:59pm
Quoting abokwaik
{quote} Big Daddy {file}
Thanks Abokwaik. I will test and send you the modification if needed.

Stay blessed
Le$$ I$ More
  • #362
  • Aug 10, 2016 8:49am Aug 10, 2016 8:49am
Quoting maximumguita
{quote} Hi abokwaik, i did a request yesterday in another thread here on FF and now i found this. I realy like to have an EA discribed as follows. Im trading weekly bias and the Idea is a hedging EA (i know it sounds silly but i can handle it) and would be lucky if you would help me with this. So here it is. I trade round numbers and the EA should open a sell stop order at the lower round number if the price breaks with one pip + spread the above round number. For example: Price goes thru 1.36000 (from below to above) than a sell stop order will...
Money Stairs EA

Tested on GBPUSD on Brexit day, with 30 pips step.

Attached Image (click to enlarge)
Click to Enlarge Name: MS_GU_June_24.PNG Size: 33 KB


Apparently the system suffers in ranges and prospers in trends.
Attached File(s)
File Type: ex4 MoneyStairs_01.ex4   17 KB | 548 downloads
No guts, no glory
  • #363
  • Aug 10, 2016 9:18am Aug 10, 2016 9:18am
Quoting abokwaik
{quote} Money Stairs EA Tested on GBPUSD on Brexit day, with 30 pips step. {image} Apparently the system suffers in ranges and prospers in trends. {file}

oh great, thank you so much, you are wonderful
will check it out and maybe i will find a way to develop the strategy, in any case thank you very much
(.)(.) think first ...
  • #364
  • Aug 10, 2016 10:31am Aug 10, 2016 10:31am
Quoting maximumguita
{quote} oh great, thank you so much, you are wonderful will check it out and maybe i will find a way to develop the strategy, in any case thank you very much
You're welcome.
Please note that v1.0 will close the opposite pending order once it's triggered (no hedging), it uses the close_by function so that it does not pay the spread twice, and the cycle will restart.

After giving it a thought, the above approach may result missing reversals at their initial stage.
So here is v2.0 where, the EA will not close any trades, and will leave the closing to the trader. Or better, set your stop loss, and trailing stop to the same stair step pips, so that the open trade get closed at SL or Trailing Stop at the same time the opposite trade is triggered.

This is the back test of v2.0 with same settings as the earlier test of v1.0 (only difference is SL, and Trailing Stop set to Step size which was 30 pips or 300 points).
Profit is better and drawdown is slightly increased.
Attached Image (click to enlarge)
Click to Enlarge Name: MS_GU_June_24_noclose.PNG Size: 33 KB
Attached File(s)
File Type: ex4 MoneyStairs_02.ex4   17 KB | 827 downloads
No guts, no glory
  • #365
  • Aug 10, 2016 10:37am Aug 10, 2016 10:37am
Quoting abokwaik
{quote} You're welcome. Please note that v1.0 will close the opposite pending order once it's triggered (no hedging), it uses the close_by function so that it does not pay the spread twice, and the cycle will restart. After giving it a thought, the above approach may result missing reversals at their initial stage. So here is v2.0 where, the EA will not close any trades, and will leave the closing to the trader. Or better, set your stop loss, and trailing stop to the same stair step pips, so that the open trade get closed at SL or Trailing Stop...

wow, now i have to check something. THANK YOUUUUU

btw, i love the name of the EA! Sounds realy good
(.)(.) think first ...
  • #366
  • Aug 10, 2016 10:59am Aug 10, 2016 10:59am
Quoting maximumguita
{quote} wow, now i have to check something. THANK YOUUUUU btw, i love the name of the EA! Sounds realy good
Attached Image (click to enlarge)
Click to Enlarge Name: money_staris.JPG Size: 50 KB
No guts, no glory
  • #367
  • Aug 10, 2016 11:07am Aug 10, 2016 11:07am
Quoting abokwaik
{quote} {image}
yeah great
(.)(.) think first ...
  • #368
  • Aug 11, 2016 2:09am Aug 11, 2016 2:09am
news related EA you need to acount for spreads, requotes, price gaps and platform freezing, news trading is very close to gambling.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #369
  • Aug 11, 2016 2:34am Aug 11, 2016 2:34am
Quoting abokwaik
{quote} You're welcome. Please note that v1.0 will close the opposite pending order once it's triggered (no hedging), it uses the close_by function so that it does not pay the spread twice, and the cycle will restart. After giving it a thought, the above approach may result missing reversals at their initial stage. So here is v2.0 where, the EA will not close any trades, and will leave the closing to the trader. Or better, set your stop loss, and trailing stop to the same stair step pips, so that the open trade get closed at SL or Trailing Stop...
but apart from that brexit day - other days it always loses.
  • #370
  • Aug 11, 2016 2:45am Aug 11, 2016 2:45am
Quoting cjtylor
{quote} but apart from that brexit day - other days it always loses.
All Grids do.

They should be either applied at HIN, or only used with an edge.
No guts, no glory
  • #371
  • Aug 11, 2016 2:48am Aug 11, 2016 2:48am
Quoting Soros
news related EA you need to acount for spreads, requotes, price gaps and platform freezing, news trading is very close to gambling.
We have a dedicated thread for news trading @ Brave Heart.
No guts, no glory
  • #372
  • Aug 11, 2016 7:25am Aug 11, 2016 7:25am
Quoting abokwaik
{quote} We have a dedicated thread for news trading @ Brave Heart.
Abok! Thanks for all your work and selflesness!

I just wondered there are any EA's in the robot lab you made that you are currently using that are profitable? Favourites or your finest works of you will?

Thanks! :-)
  • #373
  • Aug 11, 2016 3:15pm Aug 11, 2016 3:15pm
Quoting reubsonline
{quote} Abok! Thanks for all your work and selflesness! I just wondered there are any EA's in the robot lab you made that you are currently using that are profitable? Favourites or your finest works of you will? Thanks! :-)
Hi reubsonline,

I've been asked this question many times, and I replied either privately via PMs and e-mails or publicly on this forum.
But since you are new to Forex Factory, as I can see this is only your second post (-EDIT- I saw that your first post was the same on Robots Lab), I will elaborate more on this subject.

My forex age is around 3 years, so I am still newbie (don't get deceived by the red diamond, my rank on FF or the number my subscribers).
My live trading experience is less than 2 years, and I can hardly get break even, small investments though (3K max).

The EAs/Indicators I shared here at FF are building blocks of my trading experience, and I hope that they've added to value to other people.
Interacting with fellow traders here is the most interesting part.

Most if not all of the EAs I developed were based on sound ideas.
But they are only tools in the hand of the trader.
The experienced trader is the one who can make them profitable or not.

None of these EA's would probably be a long-time winner if traded on one pair only for a long period of time.
Simply, because some of them are trend followers, and some of the are range traders.
For example any trend following EA could have made good profit any way you run it on GBPJPY 2016 which had a nice daily down trend,
while it will probably loose on EURUSD 2016 which has been ranging all year.

Forex trading is not the easiest way to make a living, probably the hardest.
Experience is the only edge I can think of.

Now, to your question: Currently I don't trade any of my robots live. But if I would, it would be the latest one, The Cross Trader.

I don't know if you are new to trading or not, but this message is to all people new to trading:
I discourage new traders to use EAs for trading.
You can use them to test an idea, evaluate a strategy, BUT not for live trading, at least UNTIL you're experienced enough.
Your first goal is to build experience, and the best place to do that is IN FRONT OF CHARTS.
Read all the BOOKS that you can, starting from the basics and moving into the advanced.
ELIMINATE what doesn't work ,you'll find many. This will allow you to focus on what does work. Make it your own. INNOVATE.


Have a nice week end,

Khalil Abokwaik
No guts, no glory
  • #374
  • Aug 11, 2016 4:42pm Aug 11, 2016 4:42pm
Great thread. Thanks Khalil
Every day there is chances
  • #375
  • Aug 12, 2016 2:00am Aug 12, 2016 2:00am
Quoting abokwaik
{quote} You're welcome. Please note that v1.0 will close the opposite pending order once it's triggered (no hedging), it uses the close_by function so that it does not pay the spread twice, and the cycle will restart. After giving it a thought, the above approach may result missing reversals at their initial stage. So here is v2.0 where, the EA will not close any trades, and will leave the closing to the trader. Or better, set your stop loss, and trailing stop to the same stair step pips, so that the open trade get closed at SL or Trailing Stop...
Good morning Mr. khalil, i imsert this EA on a demo account but it only add sell stop pending orders no any buy orders. and is there any indicators that need to be added with this EA in order to work? thanks
Every day there is chances
  • #376
  • Aug 12, 2016 2:49am Aug 12, 2016 2:49am
Quoting Eng.JMD
{quote} Good morning Mr. khalil, i imsert this EA on a demo account but it only add sell stop pending orders no any buy orders. and is there any indicators that need to be added with this EA in order to work? thanks
No indicators needed.
It is opening/shifting only sell stop order because the price is is breaking the upper level.
It will open/shift buy stop order when price breaks the lower level.
No guts, no glory
  • #377
  • Aug 12, 2016 3:57am Aug 12, 2016 3:57am
Khalil :-) Thank you for the stunning reply!
You really are a good guy.
I've been trading now 3 years with limited time to give towards it like your self because of a busy job. I've got an idea I'd like to send your way, which I'll do soon :-)

Thanks again mate
  • #378
  • Aug 12, 2016 4:25am Aug 12, 2016 4:25am
Quoting reubsonline
Khalil :-) Thank you for the stunning reply! You really are a good guy. I've been trading now 3 years with limited time to give towards it like your self because of a busy job. I've got an idea I'd like to send your way, which I'll do soon :-) Thanks again mate
Thank you,
We're both of same trading age then. I too have a full time job, and do forex on the side.
No guts, no glory
  • #379
  • Aug 22, 2016 12:44pm Aug 22, 2016 12:44pm
Quoting abokwaik
{quote} Thank you, We're both of same trading age then. I too have a full time job, and do forex on the side.
Hi Khalil,
Appreciate your work here in FF. I have a doubt on the trail stop function on "Two MA RSI". how does the trail shift works? let's say we have trail stop at 50 pips and trail shift at 25 pips, so once the trade reaches a profit of 50 pips, does the trail shift locks to 25 pips profit? and it jumps to 50 pips when the trade reaches 75 pips?

Thanks
  • #380
  • Aug 22, 2016 3:01pm Aug 22, 2016 3:01pm
Quoting bluejack
{quote} Hi Khalil, Appreciate your work here in FF. I have a doubt on the trail stop function on "Two MA RSI". how does the trail shift works? let's say we have trail stop at 50 pips and trail shift at 25 pips, so once the trade reaches a profit of 50 pips, does the trail shift locks to 25 pips profit? and it jumps to 50 pips when the trade reaches 75 pips? Thanks

This is a copied reply from another thread around the same issue: post # 358 @ "A Proven Simple Strategy ...".
"
Example : Entry : Buy EURUSD @ 1.11500 , Stop Loss (100 points) @ 1.11400, Trailing Stop (50 points), Trialing Stop Shift (10 points).

When price reached 1.11550 (50 points in profit), Stop is moved from 1.11400 to 1.11500 (break even)
Then price goes up to 1.11555 SL will not change as the added 5 points is less than Shift which is 10 points
Then price goes up to 1.11560 SL is moved to 1.11510, and so on
So as price climbs SL will be move in steps of 10 points, compared to the standard shift of 1 point.
This way we are reducing OrderModify requests by 10 times, as we are sending an OrderModify request every additional 10 points in our favor.

"
No guts, no glory
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