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Simplicity is the Ultimate Sophistication

  • #621
  • Apr 26, 2017 4:05pm Apr 26, 2017 4:05pm
Quoting Sanbernardin
The 15.30-16.00 eurjpy candle touched the 48ema, so I traded the Zen way with SL at 1 ATR but I got two losses.
See attached. Should have not lost twice either as 'we' (rather I) no longer advocate taking a second trade - the ATR money management negates the need for a second trade if the first loses.

You need to set orders above/below the last H1 swing (marked). So long only above that for trend resumption.
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Trade less and become more profitable!
  • #622
  • Apr 26, 2017 5:08pm Apr 26, 2017 5:08pm
Quoting Grimweasel
{quote} See attached. Should have not lost twice either as 'we' (rather I) no longer advocate taking a second trade - the ATR money management negates the need for a second trade if the first loses. You need to set orders above/below the last H1 swing (marked). So long only above that for trend resumption. {image}
Hey Grim - can you post yr ea settings for the 2 different pairs please....ie - 1H EURUSD and M30 EURJPY ?? Cheers
  • #623
  • Apr 27, 2017 8:18am Apr 27, 2017 8:18am
Quoting Grimweasel
{quote} See attached. Should have not lost twice either as 'we' (rather I) no longer advocate taking a second trade - the ATR money management negates the need for a second trade if the first loses. You need to set orders above/below the last H1 swing (marked). So long only above that for trend resumption. {image}
If I understand rightly, the Zen method considered also that the second attempt could happen in the opposite direction (sell/buy), with regards to the first. This gives a different chance of success, quite behind the advantage of using ATR as stop.
  • #624
  • Apr 27, 2017 8:20am Apr 27, 2017 8:20am
I think anyway that this method has a lot of potential but needs a clarification of the rules and to be applied consistently over time
  • #625
  • Apr 27, 2017 10:22am Apr 27, 2017 10:22am
today test the zentrader8 ea with icmarkets and tickmill, the tickmill open sell stop @1.0890 and its not triggered,
and then icmarkets, it open the buy stop @1.0922, and its not triggered either.
Both ended with the different order, but both ended with no trades, i realize it just open a trade, whether its a sell stop or a buy stop, it didnt open two stop, its only open one.
and if it didnt triggered after 6 candles it will cancel.
Today use the manual trade, open buy stop @ 1.0910 and tp @ 1.0920, it ended with profit. i open two order, one is using 1.5 x atr for take profit, with 13 stop loss, and one is only 10 tp with 13 sl. one is profit, and the one with atr ended with loss.
  • #626
  • Apr 27, 2017 10:24am Apr 27, 2017 10:24am
Quoting Sanbernardin
I think anyway that this method has a lot of potential but needs a clarification of the rules and to be applied consistently over time
the system still needs modification to optimize it.
So still needs time to perfect and forward test it.
But so far so good, i use the sl 13 and tp 10, mostly it hit 10 pips.Like today, if you use original method, you will ended with green pips, but if you use atr as TP point it will ended with loses.
still need to filter the bad trade.
  • #627
  • Apr 27, 2017 10:25am Apr 27, 2017 10:25am
Quoting Sanbernardin
I think anyway that this method has a lot of potential but needs a clarification of the rules and to be applied consistently over time
Right now we only open the first trade, and we didnt open the second trade, and also without martiangle. just simply open the first trade, and accept it whatever the results is.trade again the next day.
  • #628
  • Apr 27, 2017 11:26am Apr 27, 2017 11:26am
Two losses today: with eurusd following 1h candle at 7.00 am UK time and with eurjpy following 30min candle at 4pm UK time
  • #629
  • Apr 27, 2017 11:52am Apr 27, 2017 11:52am
I'm going to code a new ea that will use Market Orders instead pending stop orders . High spread won't trigger BuysTop orders anymore.
  • #630
  • Apr 27, 2017 12:28pm Apr 27, 2017 12:28pm
Quoting zentrader8
{quote} the system still needs modification to optimize it. So still needs time to perfect and forward test it. But so far so good, i use the sl 13 and tp 10, mostly it hit 10 pips.Like today, if you use original method, you will ended with green pips, but if you use atr as TP point it will ended with loses. still need to filter the bad trade.
Todays trade should have been normal Zen rules but with ATR stop. Rule 1 is always ATR stop and 10 pip TP. Only use this rule when signal candle touches the ema

If above/below ema - we use ATR stop AND ATR TP, but only above/below the last H1 swing high/low. Simples

So, today ended with a profit. 1xATR stop and 10 pip TP.

Hope that clears any confusion. This is how I backtested to achieve the prev posted results.
Trade less and become more profitable!
  • #631
  • Apr 28, 2017 2:00am Apr 28, 2017 2:00am
Today again in the morning green pips with Zen rule, no trade with altrrnative rule
  • #632
  • Apr 28, 2017 2:27am Apr 28, 2017 2:27am
The EA put a sell trade in place. And this morning, but not buy order. I've just deleted a sell trade because it looks like it's going up. Is there any reason why it did not put a buy trade on,
Thank you
  • #633
  • Apr 28, 2017 2:42am Apr 28, 2017 2:42am
Quoting redfan
I know in the rules. We only trade EUR/USD, but I've noticed a few other pairs being traded. Came across this indicator, but first I started learning how to trade the pairs without even looking at the charts. Now I'm using the charts and this indicator is good for scalping. Just looking at this currency strength indicator. It gives you a good indication which pairs are going up together and which pairs are going down together. I put it on a blank screen and I also have a close all EA. So I thought I would share them . I am not trying to change the...
sorry redfan,eventhough i always open my mind for a new idea,i dont think we should discuss the others method here.we have to.make this method as simple as possible and optimize it as good as we can. if there is any indicator that can filter the bad trade,or any indicator to.optimize our trade we can discuss and share it here, but please dont change the method.thanks for your understanding.you can start a thread and maybe we can discuss about your new strategy there.thanks
  • #634
  • Apr 28, 2017 2:43am Apr 28, 2017 2:43am
Quoting redfan
The EA put a sell trade in place. And this morning, but not buy order. I've just deleted a sell trade because it looks like it's going up. Is there any reason why it did not put a buy trade on, Thank you
i think its because its under the ema 24 in hourly chart.
so the ea only.open sell stop.
  • #635
  • Apr 28, 2017 3:01am Apr 28, 2017 3:01am
Quoting zentrader8
{quote} sorry redfan,eventhough i always open my mind for a new idea,i dont think we should discuss the others method here.we have to.make this method as simple as possible and optimize it as good as we can. if there is any indicator that can filter the bad trade,or any indicator to.optimize our trade we can discuss and share it here, but please dont change the method.thanks for your understanding.you can start a thread and maybe we can discuss about your new strategy there.thanks

Yes, that's fine. I've deleted the post, hope I have not offended you. I can only apologise.
  • #636
  • Apr 28, 2017 3:43am Apr 28, 2017 3:43am
Like everyone who has a full-time job, I trade mainly on mobile, where tools like EAs cannot be applied.
So I would appreciate if this could be taken in consideration.
  • #637
  • Apr 28, 2017 6:59am Apr 28, 2017 6:59am
Quoting Sanbernardin
Like everyone who has a full-time job, I trade mainly on mobile, where tools like EAs cannot be applied. So I would appreciate if this could be taken in consideration.
Really? I'd get a new broker! Both the ones I had in the past allowed you to apply loads of indicators. Try ETX or Ig Index. I prefer ETX as they allow for OCO orders, but it's what's right for you in your country really.

If you can't apply the ema try the CCI(24). Shows the same really. CCI above 0 = buy; CCI below 0 = sell only
Trade less and become more profitable!
  • #638
  • Apr 28, 2017 8:37am Apr 28, 2017 8:37am
Quoting Grimweasel
{quote} Really? I'd get a new broker! Both the ones I had in the past allowed you to apply loads of indicators. Try ETX or Ig Index. I prefer ETX as they allow for OCO orders, but it's what's right for you in your country really. If you can't apply the ema try the CCI(24). Shows the same really. CCI above 0 = buy; CCI below 0 = sell only
Thanks for your reply. I use Fxpro, which allows to use a lot indicators. What you cannot use on mobile platforms, as far as I know, are the expert advisers (EA).
  • #639
  • Apr 28, 2017 9:52am Apr 28, 2017 9:52am
Quoting Sanbernardin
{quote} Thanks for your reply. I use Fxpro, which allows to use a lot indicators. What you cannot use on mobile platforms, as far as I know, are the expert advisers (EA).
Sorry - my error. I read EA as MA!

You could buy a cheap laptop and then only install MT4 on that and just leave the EA running with laptop booted up. I've done that before. Just use a screensaver!

Alternatively, ProRealtime charting (with them direct or via IGIndex) allowing ProReal coding - and EAs to sit within that environment. Maybe someone could code the system in PRT code? This would then sit on their server, and negate the need for personal laptop running all day.
Trade less and become more profitable!
  • #640
  • Apr 28, 2017 10:01am Apr 28, 2017 10:01am
so today trade, use the 10 tp and 13 sl.
today took the profit easily.
sum up for this week 3 trade win, 1 trade lose,and one no trade.
still a good week.green pips.
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