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Finding the right expert...

  • #141
  • Feb 22, 2017 5:34pm Feb 22, 2017 5:34pm
Quoting kofix11
{quote} I agree. But if we already know why not use a trend EA? Probably with grid or martingale or pyramid?
That was what I thought. But it is also susceptible. I am limiting the time in the market to 4 hours that tested out fairly stable over several years. I didn't have much success trying to second guess a trend. Al the indicators and moving averages etc are too slow.
  • #142
  • Feb 23, 2017 3:34am Feb 23, 2017 3:34am
New way of looking at this. Diversify.
Instead of having an account with $5000 and all the eggs in the one basket.
Have several accounts with smaller amounts in them and go for several smaller gains.
Some pairs linked directly to USD and other not directly linked.
am looking at a popular scalper expert that would allow as little as $200 to trade .01 with high leverage of course I can get 1:1000. Definitely can get 1:500.
  • #143
  • Feb 23, 2017 2:59pm Feb 23, 2017 2:59pm
Quoting Go5
The fishing EA s doing nicely {image}
I have to be the dumbest slow out here.
I was marking the moving averages on the day chart thinking I had to set up on the 1 minute.
duh.
Was using the wrong version of Tilllerson's T3 ma for trying to keep up with trend changes.
Duh.
Yes I see what you are saying. This is a great little ea. It has the net gain function to help get out of bad trades.
Fully adjustable. Who could ask for anything more? Really. Have to be asleep or dead not to see how this has so many advantages.
thanks...
Just set up according the ma at the start of the new candle and don't come back to the monitor until it closes.
That would work wonder for my nerves!!!
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  • #144
  • Feb 24, 2017 11:55am Feb 24, 2017 11:55am
translated version
pips are points
Attached File(s)
File Type: ex4 cm_fishing_AK.ex4   48 KB | 350 downloads
  • #145
  • Feb 24, 2017 6:42pm Feb 24, 2017 6:42pm
Looking at forget trend...
settings 100 pip move probability is it will come back 10.
If this tests out as risk averse as it appears..
Larger position sizes could be taken.
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  • #146
  • Feb 25, 2017 11:47am Feb 25, 2017 11:47am
Quoting jiva34
{quote} I have to be the dumbest slow out here. I was marking the moving averages on the day chart thinking I had to set up on the 1 minute. duh. Was using the wrong version of Tilllerson's T3 ma for trying to keep up with trend changes. Duh. Yes I see what you are saying. This is a great little ea. It has the net gain function to help get out of bad trades. Fully adjustable. Who could ask for anything more? Really. Have to be asleep or dead not to see how this has so many advantages. thanks... Just set up according the ma at the start of the new...
Have been running GJ through a backtest (I know, not extremely reliable...) during Brexit (june24) -2700 pips in 1 day, can we want more?
With 0.01 Lots, a max DD of $1290 (step 20, on auto) or %1160 -step15 when following an MA (35) on M1.
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  • #147
  • Edited 12:25pm Feb 25, 2017 11:58am | Edited 12:25pm
Quoting Go5
{quote} Have been running GJ through a backtest (I know, not extremely reliable...) during Brexit (june24) -2700 pips in 1 day, can we want more? With 0.01 Lots, a max DD of $1290 (step 20, on auto) or %1160 -step15 when following an MA (35) on M1. {image} {image}
Thanks for pounding away at the virtues of this expert. It was the first one I looked at and then kind of wandered off trying to find greener pastures. I'm back. Love this thing. I'm going to go for slow and safe and diversify.
Big step small profit per trade. Set up on on several pairs.
100 or 200 or 300 step (3000 on 6 digit brokers) am researching ehat works best each pair. for 10 pips... $1.. $200 equity with high margin works fine per pair. I can get 1:500 and even 1:000. So margin isn't even a factor. Set up on 5 pairs.
If it goes that far it comes back 10 no problem. Trend is not a factor.
EURCHF 2016 was perfect. Not huge gains... But safe. that's what I want. Lots of pairs not huge gains in any one but everyone bringing in safe pips.
  • #148
  • Feb 25, 2017 12:59pm Feb 25, 2017 12:59pm
Quoting Go5
{quote} Have been running GJ through a backtest (I know, not extremely reliable...) during Brexit (june24) -2700 pips in 1 day, can we want more? With 0.01 Lots, a max DD of $1290 (step 20, on auto) or %1160 -step15 when following an MA (35) on M1. {image} {image}
I had it running on a demo last week. When we took that big dip in EUUSD. It took in $1700 on the dip. Other factors though.
Fast moving markets getting orders filled. Maybe with ECN the moves could be captured. Not with MM accounts. They freeze... and requote all over the place.
  • #149
  • Feb 25, 2017 2:06pm Feb 25, 2017 2:06pm
Looking at EURGBP and EURCHF...
Maybe $100 equity is all I need for each pair. 1:500 leverage...
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  • #150
  • Feb 25, 2017 4:56pm Feb 25, 2017 4:56pm
Okay back to looking for trend.
Using T3ma 14. above T3 consider long
Below T3 consider short.
weight the settings.
say 100 pips step against the trend
20 or 10 pip step with the trend.
This thing is endlessly mutable.
  • #151
  • Feb 26, 2017 9:59am Feb 26, 2017 9:59am
Looking to setup 10 of these for $1000 capital.
$100 per pair to start since there is very little drawdown ever...
capturing a small gain as the prices retrace after a big move.
With 10 of these set up diversification is in place...
If I can't find 10 pairs that are suitable... Don't see why not, but in case I don't. then 5 set at .02 for $1000
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  • #152
  • Edited 8:20pm Feb 26, 2017 7:49pm | Edited 8:20pm
Another way to try for safe pips...
is on the 1 min... step 50 pips, tp $.50 forget about trend. If it goes 50 it'll come back 5.
brings about $20/month... for equity $100... Have 10 pairs set up for $1000 could bring $200/month.
For the EURUSD needs to be 100 pips.
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  • #153
  • Edited 10:08pm Feb 26, 2017 9:38pm | Edited 10:08pm
Separate accounts This could be done with 10 accounts $25 each. Very little drawdown and 1:500 leverage.. If one account blows up? It is not a catastrophe.

The setting for EUCHF is different than for EURUSD. Less volatile. Not as big swings. Of course anything can and does happen. But generally. Never let the equity build very large in it. Always bring it back to $25. Conceivably there could be more than 10 pairs each on it's own account.

$25? That's cutting it a little close. $100 per account.
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  • #154
  • Feb 26, 2017 11:38pm Feb 26, 2017 11:38pm
EURCHF and EURGBP tested out nicely. Have them set up live on the 1 min. Two different accounts. $100 each.
Will look at GBPJPY and some others.
Oddly enough the old favorite EURUSD didn't test out very nicely. Required 100 pip step which meant very few trades.
Am not able to use the optimizer since something in the code doesn't allow auto close for buy to be set. Maybe I can see it in the code. My coding skills are very crude.
  • #155
  • Edited 5:58am Feb 27, 2017 5:27am | Edited 5:58am
Looks like GBPJPY needs 150 step since it is so volatile.
Sounds funny but I woke up this morning relieved to see no trades had been opened as a good sign the settings were working properly.
50 pips per month per pair... 20 pairs... 20 separate accounts... 1000 safe pips per month. $2000 total equity to start.
End of each month bring each account back to $100 equity.
I can transfer the gains out into a separate account not used for trading. When there is enough accumulated in the non trading account make a withdrawal.

For now I have 2 accounts opened. $100 each. EURCHF and EURBGP
Preparing set up GBPJPY for another $100 separate account.
These all tested safe through Brexit..

The strategy is very very simple. If it goes a certain amount it will come back a certain amount.
No stop loss but there is recovery mechanism. Open a second position and move the stop for both for a net gain.
With a shallow retrace amount of only 5 pips based on a powerful move like 50, 100 or 150 pip move the probability is very good of getting the 5 pips. In the event the expert gets caught opening too many trades and the move has run away in the wrong direction the most than can be lost is the $100 for that one account. Can it happen of course. How likely is it to happen. Not very....
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  • #156
  • Mar 3, 2017 9:58pm Mar 3, 2017 9:58pm
How's the Dragon Expert running on live accounts?
  • #157
  • Mar 5, 2017 5:09pm Mar 5, 2017 5:09pm
Quoting Kenjoswil
How's the Dragon Expert running on live accounts?
It's a very powerful algorithm. Needs deep pockets. Since it's a Martingale and can go to high levels quickly.
If you have $10,000 and set it for .01 to start you might be okay.
  • #158
  • Mar 5, 2017 5:19pm Mar 5, 2017 5:19pm
Have 18 pairs set up and running with Fishing. Looking for 5 pips with a huge step. from between 150 pips to 300 pips depending on the pair. It's awesome. When a pair moves that far they come back at least 5 pips. It's in the bag. It's a phenomenon. Looking to set up as many as I can that test out acceptable. so far 18 out of 19 are usable. About 7 more to test out.
Pretty exciting actually. Like making popcorn. The draw down is testing out so negligible it is possible to set 4 pairs up per $100. provided there is high leverage. I have $500:1. Still I want separate accounts. Each with $100 balance. If one does blow up... the damage is contained to that one account. Or instead of 4 pairs per $100. One pair for .04... Or two pairs for .02. The drawdown is so small. The trades are very fast. sometimes 2 minutes. There aren't a lot of them. But they are worth waiting for. I think the diversification of 4 pairs each for .01 is the better way to go. Will look at the other price action experts with this new slant... of big steps... But Fishing is turning out stellar.
  • #159
  • Mar 5, 2017 11:26pm Mar 5, 2017 11:26pm
hi all if I have leverage of my account 1:100 it can work
  • #160
  • Mar 6, 2017 2:46am Mar 6, 2017 2:46am
Quoting forex2
hi all if I have leverage of my account 1:100 it can work
Money management is the big thing. position size, leverage.
Yes it can work with 100:1... just watch your margin...
the settings I am testing for have very little drawdown. My thinking is instead of trying for the moonshots... and making a"killing" all in one fell swoop which is very risky!!!
I am looking for 5 pips on a pullback after a huge move. No one pair is going to bring in a fortune.
But I have 18 set up now and if out of the 18 they bring in 100 pips in a week... with very little drawdown and risk controlled by a recovery strategy. That is terrific. I can increase the position size if this tests out over time. By having 6 separate accounts each for $100 and 3 pairs set on each if there is a margin call it will only take one of the accounts down. But I am looking at 5 pips after a 200 pip move. Some pairs require a 300 pip move or even more but around 200 seems to be the average move to expect to catch the 5 pip fairly quickly and easily. anyway that's idea. I'm done with indicators and moving averages and oscillators. They are all just too slow and only measure what has already happened. Bollinger bands are helpful for a general idea. But I wouldn't build a trading strategy around any of them.
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