10points 3.mq4 - page 218
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
V12 Test Results NF
Last week I tried out another philosophy of EA backed trading. As far as I have been able to discover there are (at least) two basic conceptions of trading with EAs:
- set and forget,
- use EAs as an itelligent trading tool, i.e. always keep the control in the hand of the trader and request the EA for trading advice and some mechanical operation.
Last week I applied the second approach (usually I use the first). I think the results speak for themselves. I have to remark though, that using this way the trader has to follow the market movement in his head and should try to predict the next probable price movement, etc. So, that method is rather for experienced traders who would not like to glued to the monitor screen all the day but follow the market with attention and intervene when it is needed.
The presets were:
TakeProfit=63
Lots=0.1
InitialStop=1.0
TrailingStop=0
MaxTrades=8
Multiplier=2
Pips=50
AccountProtection=1
OrderstoProtect=5
SecureProfit=50
mm=1
risk=5
AccountisNormal=1
ReverseCondition=0
Fast_MA=14
Slow_MA=26
MACD_SMA=9
Shift=1
Agressive_mode=0
FromHourTrade=0
ToHourTrade=12
My V12 mod made a lot of pips with the news realease
Let me guess, now IT claims that IT has the V12, and telling people IT V12mod is making lot of pips. I'm pretty sure IT will later on post some result and IT will try to sell EA. I dont know whether IT is human/male/female/object, so I use IT.
Regards
David
It's not crazy .... or greed. There's a method to my madness....
Think about it, this method (assuming the price is going the wrong way) relies on retracement. You double (normally) your trade in the hope that the price will retrace. The increased stake, then recoups your losses from the previous trades.
Well, what makes this idea fail? The price may well retrace ... but not enough to hit your TP. It then continues on its way .. and you lose. Logically, then, you need to reduce the TP so that a small retracement is all that's needed to lock in your profit..... and what makes that fail? Well, if you only have a small TP, you won't make enough to cover the previous losses.
..... The solution... Increase the multiplier !
Make sense?
Ray.There is a way to calculate though.
I've done it few months back, hereby to share it. Remember, use at your own risk!
PipStep=30, multiplier=6, Retrace needed=5+1pip to achieve profit
PipStep=30, multiplier=3, Retrace needed=10+1pip to achieve profit
PipStep=30, multiplier=2, Retrace needed=15+1pip to achieve profit
PipStep=30, multiplier=1, Retrace needed=30+1pip to achieve profit
The formula is : PipStep/multiplier=Retrace needed
So, its only a formula to calculate the risk exposure. I've let go of this issue since November thanksgiving day. It appear to be, when the market continue for 120pips spike, I already went margin call. Thats all. Therefor, I'm still working with traditional X2 factor. Anything lower then X2, I will change strategy, may be trendline trader. For indicator relying system, I'll go for traditional martingale.
Regards
David
Collaboration
I see some people use a set of EAs. Could someone point me to the right direction (post) of EAs to use with 10 point 3?
Thanks
Last week I tried out another philosophy of EA backed trading. As far as I have been able to discover there are (at least) two basic conceptions of trading with EAs:
- set and forget,
- use EAs as an itelligent trading tool, i.e. always keep the control in the hand of the trader and request the EA for trading advice and some mechanical operation.
Last week I applied the second approach (usually I use the first). I think the results speak for themselves. I have to remark though, that using this way the trader has to follow the market movement in his head and should try to predict the next probable price movement, etc. So, that method is rather for experienced traders who would not like to glued to the monitor screen all the day but follow the market with attention and intervene when it is needed.
The presets were:
TakeProfit=63
Lots=0.1
InitialStop=1.0
TrailingStop=0
MaxTrades=8
Multiplier=2
Pips=50
AccountProtection=1
OrderstoProtect=5
SecureProfit=50
mm=1
risk=5
AccountisNormal=1
ReverseCondition=0
Fast_MA=14
Slow_MA=26
MACD_SMA=9
Shift=1
Agressive_mode=0
FromHourTrade=0
ToHourTrade=12Chrisstoff,
Since you're experience trader, and I can see you nail the trade very close. You can change the setup as Fast_MA=28, Slow_MA=62, MACD_SMA=18, remain Agressive_mode=false. That is more suitable for your TP, and also making crazy profits in shorter time frame. Good luck.
Regards
David
There is a way to calculate though.
The formula is : PipStep/multiplier=Retrace needed
Ah... and I thought I was being so clever. I see you've got this down to a science.
My method is a bit more steam-driven. Try..tweak, try..tweak, try..tweak.....until you have something that works.
x3 seems to work (at least for EURCHF). We'll see how long this continues to behave as the backtest.
Fingers crossed.
Cheers,
Ray.
Fingers crossed.
Cheers,
Ray.Oh! Look! You're #302 post. I've missed the historical new record moment while you're at #300
Anyway, I hope you never see the day it crash. I lost about 30% for the 1st shot when I was multipler 3. The second shot was a margin call on December, 2006. 
And all these happened on the same account...ermm.... luckily they happened on the same account 
Regards
David
Chrisstoff,
Since you're experience trader, and I can see you nail the trade very close. You can change the setup as Fast_MA=28, Slow_MA=62, MACD_SMA=18, remain Agressive_mode=false. That is more suitable for your TP, and also making crazy profits in shorter time frame. Good luck.
Regards
DavidHi David,
Thank you for the advice! I'm about to try the proposed settings next week. Just for checking I understand the other parameters well, I would like to ask:
- should I leave TP=63;
- should I use let's say M15 timeframe?
Regards,
Chrisstoff
Hi David,
Thank you for the advice! I'm about to try the proposed settings next week. Just for checking I understand the other parameters well, I would like to ask:
- should I leave TP=63;
- should I use let's say M15 timeframe?
Regards,
ChrisstoffThe lower TF you trade, the lower TP you take. According to my trading experience, indicator is a set of code that made to detect the price changed from the past to generate a visual indication so we can analyze what to trade. Trading descreetion is the most important thing, whether the indicator is profitable or not, its solely depending on how the trader use it. MACD 28,62,18 trading descreetion is based on heaven and hell. When histogram previous bar jumped from below 0 to above 0, it will trend up... vice versa.
Regards
David
Another 1 for long position. You might have a hard time to follow the trade, because you wont know what to expect. But indeed, when it hit the trend, you dont need a TP. If you hit the wrong trend, martingale will help you cope up. Cheers
Regards
David