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Trader Dale - daily trading levels

  • #4,401
  • Jan 26, 2017 10:04am Jan 26, 2017 10:04am
Quoting adrian w.
{quote} Hello sevan, looks great - excellent job! What broker do you use - if not confidential :-) Do use ECN account? You got nice fill on every trade..
Hi adrian,
Thanks for kind words. For now I'm only testing EA and I feel GP (Global Prime) the best broker for testing purposes. They have non-lagging demo server with good enough datafeed and reliable orders execution. It is not ECN. My live accounts are with IC Markets (ECN and normal) but I have not yet moved trading this strategy to live account.
Please feel free to report if you are using EA and how it works.
BR, alex
  • #4,402
  • Jan 26, 2017 10:06am Jan 26, 2017 10:06am
Quoting mindspeculat
Is it just me or does anyone else notice that the first EURUSD trade, long at 1.0697 was a BREAKEVEN or a LOSS? Why so many of you are reporting it as a WIN? The price did not touch the target 1.0707 at 3 brokers which I checked where the spread is 0.1 pips. Did you use other rules?
Yes, I was wondering the same thing.
  • #4,403
  • Edited 10:30am Jan 26, 2017 10:07am | Edited 10:30am
Quoting sevan62
{quote} For shure mate! It is Monster Move Filter which is alredy implemented and under testing. I'll upload new EA version as soon as it would be enough tested in order not to cause you troubles. I have developed Monster Move Filter working by following rules. EA current (not yet closed) bar which is Bar[0] and the previous Bar[1] which is the last closed bar. And if one of these bars (High-Low) is greater than user defined theshold EA prevents to open Market order. Thanks for your feedback buddy. Have you tried EA? Are there some problems?
Mate , Havent tried the EA yet to be frank , because I don't use mt4 platform as a live platform.
But as your EA comes around with the 'promised Land' features , I will surely test it out , ...in fact everyone here will..
because if the

-ziggy rule ( did you notice my edit in the last post)
-Dale advice
-move stop to break even
-manage red news (algo: chk. red on FF cal.+ Dale currency pair- if Yes, abort)

do get into the EA, the whole thread will be a different ball game altogether.
May the Force be with You

*PS: can I ask the Stalwarts Dale & Ziggy to either endorse or supplement this with any other rules they think should be deemed ,to be implemented ?
  • #4,404
  • Jan 26, 2017 10:07am Jan 26, 2017 10:07am
Quoting sevan62
{quote} For shure mate! It is Monster Move Filter which is alredy implemented and under testing. I'll upload new EA version as soon as it would be enough tested in order not to cause you troubles. I have developed Monster Move Filter working by following rules. EA current (not yet closed) bar which is Bar[0] and the previous Bar[1] which is the last closed bar. And if one of these bars (High-Low) is greater than user defined theshold EA prevents to open Market order. Thanks for your feedback buddy. Have you tried EA? Are there some problems?
Thanks for the work sevan.
Gave the EA a test run with small lots on a live account and worked like a dream on all 4 hits.
Claimed 37 pips all together as I closed one of the EURUSD trades manually for 7 pips when price got hung up.
I will admit that one of the trades I wouldn't normally have taken because it was a freight train
Never argue with a fool; onlookers may not be able to tell the difference.
  • #4,405
  • Jan 26, 2017 10:08am Jan 26, 2017 10:08am
Quoting sevan62
{quote} Hi adrian, Thanks for kind words. For now I'm only testing EA and I feel GP (Global Prime) the best broker for testing purposes. They have non-lagging demo server with good enough datafeed and reliable orders execution. It is not ECN. My live accounts are with IC Markets (ECN and normal) but I have not yet moved trading this strategy to live account. Please feel free to report if you are using EA and how it works.
Sevan,

you are most welcome - you deserve it for the great job. And thank you for the broker info. I am trading it manually and see this system is really accurate and thus broker and account type sensitive. EA on the other hand might remove human errors :-) Will you kindly post your testing results? I am sure many people are thinking of using the EA on real accounts :-)
  • #4,406
  • Jan 26, 2017 10:24am Jan 26, 2017 10:24am
Quoting Lookleft
{quote} Thanks for the work sevan. Gave the EA a test run with small lots on a live account and worked like a dream on all 4 hits. Claimed 37 pips all together as I closed one of the EURUSD trades manually for 7 pips when price got hung up. I will admit that one of the trades I wouldn't normally have taken because it was a freight train
<on all 4 hits>
ummm.. you still took the UC after the way it fluctuated/flunked for the test ? Brave
  • #4,407
  • Jan 26, 2017 10:28am Jan 26, 2017 10:28am
Quoting Lookleft
{quote} Thanks for the work sevan. Gave the EA a test run with small lots on a live account and worked like a dream on all 4 hits. Claimed 37 pips all together as I closed one of the EURUSD trades manually for 7 pips when price got hung up. I will admit that one of the trades I wouldn't normally have taken because it was a freight train
Thanks for your feedback mate.
I hope EA would serve you to collect pips more easy using Dale's levels.

P.S. Please do not switch TF of chart EA is attached to.
BR, alex
  • #4,408
  • Jan 26, 2017 10:31am Jan 26, 2017 10:31am
Quoting radaway
{quote} <on all 4 hits> ummm.. you still took the UC after the way it fluctuated/flunked for the test ? Brave
You need to look at all aspects of a trade. USDCAD had a couple of back stops in a RN, a daily pivot and past S/R so unless it acted as a freight train on the way up it had a lo to get through.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #4,409
  • Jan 26, 2017 10:34am Jan 26, 2017 10:34am
Quoting mindspeculat
Is it just me or does anyone else notice that the first EURUSD trade, long at 1.0697 was a BREAKEVEN or a LOSS? Why so many of you are reporting it as a WIN? The price did not touch the target 1.0707 at 3 brokers which I checked where the spread is 0.1 pips. Did you use other rules?
That'll be the trade that I closed just prior to the US unemployment news came out, I lost 2 pips on it, re-entered it after the news, hung around for a while and closed it out at BE. So I did take a loss but only a couple of pips. It's down to each how they trade, I prefer the manual hands on approach when there is news to contend with, other times I'll let it run and what will be will be. I did take a 15 pip PT on the 2nd EU trade.
I could easily have taken a full loss and was fortunate.
  • #4,410
  • Jan 26, 2017 10:36am Jan 26, 2017 10:36am
Quoting radaway
{quote} Havent tried the EA yet to be frank , because I don't use mt4 platform as a live platform. But as your EA comes around with the 'promised Land' features , I will surely test it out , ...in fact everyone here will.. because if the -ziggy rule ( did you notice my edit in the last post) -Dale advice -move stop to break even -manage red news (algo: chk. red on FF cal. if Yes, abort) do get into the EA, the whole thread will be a different ball game altogether. May the Force be with You *PS: can I ask the Stalwarts Dale...
I was testing the new EA with FXCM...the market order entered got me filled @1.0696.6.....so I got taken out at 1.0706.6

Not sure about anyone else but I would suspect that it is something like that for an explanation.

As a side not did anyone do the EURAUD trade or the GBPUSD trade ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUD_LONG_01262017.png Size: 85 KB
Click to Enlarge Name: GBPUSD_buy_01262017.png Size: 97 KB
Click to Enlarge Name: euraudbuy.jpg Size: 210 KB
Click to Enlarge Name: gbpusd_buy.jpg Size: 188 KB
Plan, Prepare, Execute, Repeat
  • #4,411
  • Jan 26, 2017 10:38am Jan 26, 2017 10:38am
Quoting adrian w.
{quote} Sevan, you are most welcome - you deserve it for the great job. And thank you for the broker info. I am trading it manually and see this system is really accurate and thus broker and account type sensitive. EA on the other hand might remove human errors :-) Will you kindly post your testing results? I am sure many people are thinking of using the EA on real accounts :-)
Sorry buddy but I have almost nothing to show. At the moment my testing purpose is to check how EA is doing what it should do, how it reacts for different situations and conditions. That is a sort of stress-test in which I correct/recompile and reload EA. I'm entering different levels which have nothing to do with MP (Market Profile) and Dale's strategy. I have to generate more different trades under different conditions. Only from time to time I switch it to normal work with real Dale's levels. Todays screenshot was uploaded above. I'm opening and closing several demo accounts per day. It may be funny but it is true.
BR, alex
  • #4,412
  • Jan 26, 2017 10:53am Jan 26, 2017 10:53am
Quoting radaway
{quote} *PS: can I ask the Stalwarts Dale & Ziggy to either endorse or supplement this with any other rules they think should be deemed ,to be implemented ?
I should say at the outset that despite the brilliant work being done I have a personal dislike of EA's, I've never actually used one so it's just a phobia of mine, and I'm highly unlikely to use an EA but brilliant work none the less.

This is a bit of a curve ball. On my own trading I have a LOT of past data and can say that on my trades, despite all the rules being exactly the same, the period 13:00 to 14:00 UK time is actually not profitable, so I generally swerve that period and consider it a lunch break. I do not have a huge amount of data for Dales trades, but on the small amount of data I have the same "lunch period" is not as good as the other times. I really hesitate to advise folks to steer clear of this time as I cannot be sure of it, but I personally either will steer clear or reduce my stakes until I know different. If it is possible to have a variable that gives people the choice of "voiding" certain times of day it would then add an option for each to apply their own valid timeframe.

Cheers Ziggy
  • #4,413
  • Jan 26, 2017 11:01am Jan 26, 2017 11:01am
Quoting ziggy
Warning - I'm far from expert at this, but I have the following new levels where I will have a dabble AU short 0.7575 EU short 1.0725 EU short 1.0756

Ziggy we have the same levels ;-) but i have 1 pip higher. Just broker diference :-)
  • #4,414
  • Jan 26, 2017 11:27am Jan 26, 2017 11:27am
I find a 2 possible levels on EURUSD - 1.0727 and 1.0755 both Short, what you think ?
  • #4,415
  • Jan 26, 2017 11:34am Jan 26, 2017 11:34am
Quoting swingtrade65
{quote} I was testing the new EA with FXCM...the market order entered got me filled @1.0696.6.....so I got taken out at 1.0706.6 Not sure about anyone else but I would suspect that it is something like that for an explanation. As a side not did anyone do the EURAUD trade or the GBPUSD trade ? {image} {image} {image} {image}
Are you using your own levels for the EURAUD and GBPUSD trades?
Carpe Diem
  • #4,416
  • Jan 26, 2017 11:37am Jan 26, 2017 11:37am
Quoting CKSCswing
{quote} Are you using your own levels for the EURAUD and GBPUSD trades?
Yes...in addition to the 4 majors that Dale follows, I also use my own levels on about 12 more markets.
Plan, Prepare, Execute, Repeat
  • #4,417
  • Jan 26, 2017 11:46am Jan 26, 2017 11:46am
Quoting swingtrade65
{quote} Yes...in addition to the 4 majors that Dale follows, I also use my own levels on about 12 more markets.
You must be a very busy boy I'm sticking with the majors (excluding Cable) but am interested in what you have to say regarding other pairs, do you find them as solid? And are you at all concerned by the bigger spreads on some cross pairs, or are you targeting greater rewards making the spread less important?
  • #4,418
  • Edited 12:18pm Jan 26, 2017 11:48am | Edited 12:18pm
Quoting sevan62
{quote} For shure mate! It is Monster Move Filter which is alredy implemented and under testing. I'll upload new EA version as soon as it would be enough tested in order not to cause you troubles. I have developed Monster Move Filter working by following rules. EA current (not yet closed) bar which is Bar[0] and the previous Bar[1] which is the last closed bar. And if one of these bars (High-Low) is greater than user defined theshold EA prevents to open Market order. Thanks for your feedback buddy. Have you tried EA? Are there some problems?
Jep i did that too.
Yesterday difference was as far as i remember lilke 14.9 pip on USDJPY - on DUKASCOPY data M1.
So im planning to put 13 pips as default max move and one historical bar [ combined with current bar] do calculate HI LO difference.
Actually it saved me today from SL on first level that was hit today on EU.
EA without it got SL and EA with this filter didnt take any trade- both on live account. [break even 9 pips, tp 10 ,sl12, entered 0.6 pip sooner]
Soon I will think about publishing it [separate thread].

Edit:
No it didnt save me.
Both EAs took trades but this "fixed" one had be =8 pips and without fix had be=9 pips , and one got BE and another got SL.
Thats a game.
  • #4,419
  • Jan 26, 2017 11:48am Jan 26, 2017 11:48am
Hey UJ,
if you happen to fall I'll catch you at 114.28.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 50 KB


Akif,
  • #4,420
  • Jan 26, 2017 11:55am Jan 26, 2017 11:55am
Quoting ziggy
{quote} You must be a very busy boy I'm sticking with the majors (excluding Cable) but am interested in what you have to say regarding other pairs, do you find them as solid? And are you at all concerned by the bigger spreads on some cross pairs, or are you targeting greater rewards making the spread less important?
It really doesnt take that much time actually. They are generally about as solid...maybe a bit less and yes, I will try to go for 15+ pips most times.
The spreads arent much of a problem really...especially with limit orders. My main focus is on the Yen pairs due to the fact that I traded Yen way back in the day when I worked at a Wall St firm in the 90's
Plan, Prepare, Execute, Repeat
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