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I attached Goblin on EURUSD & GBPUSD, both on H1. They both showed Trend Direction: Downtrend. However on EURUSD chart, Goblin kept opening Buy orders (these 5 Buy orders have not been closed yet since no retracement and hence against the trend and eating up margin); whereas on GBPUSD, Goblin already closed initial Buy orders and now opened Sell orders according to the trend. Why both showing downtrend but EURUSD opened Buy orders and GBPUSD opened Sell orders? Will this problem be fixed in Goblin TF?
Thank you.
From what I understand, Yes this problem will be fixed in the next release.
Here is an indicator you may already know about which I have found to be somewhat incredible in leading the trend plot when set appropriately for the period. It "repaints' in the early part of the an impending trend change but when it sets itself it seems set until another impending trend change. The other thing is how closely price follows its plot is somewhat amazing. I don't think if fudges to make itself look good but I don't sit and watch it constantly. Whether it will work in Goblin or not I am not qualified to know. But I thought I would put it forth and let the qualified decide since the issue of trend has ben brought up.
Check out the 5 lot entry on the attached statement. Where did that come from? Granted it's a 25k demo but that is a little scary. Another risky draw down element in the program. Bluto, will the multiplier be addressed in the new version?
Like the others, i appreciate your work and dedication!
Last edited by mikl_73112; 04-15-2007 at 04:15 PM.
Hello Goblin community, Hi Bluto!
This is my first post here. Reasons of my modesty contribution are many. I’m new in Forex, English is my second language so I can’t express my ideas, maybe, the best way and by nature I’m talking just if I have something to say or ask. On other hand I don’t like to waste someone time or space on this thread.
We all agree that biggest obstacle by almost all EA is dravdown, my idea is that to make improvement to already good Goblin EA would be to change way of placing orders. Instead to place market orders every 15 pips if price goes south to place limit orders, let say 5 to 10 pips from current price. If price retrace for that amount of pips our order will be filed, if move is strong and goes further against first one EA can add again next limit order again for given amount of pips from current price. Last placed order supposed to be base element to calculate our take profit with trailing stop.
I like also phorex_phreak idea of hedging at least our first position with double lot size after first pip step is reached at market price and let it run until reverse where our last limit order will take care of closing with profit. That way we can make even more pips .
Hope you understood me.
Thank you guys for all your hard work I have learned a lot from you. I wish you all thousands of pips.
Regards, Jovan
I attached Goblin on EURUSD & GBPUSD, both on H1. They both showed Trend Direction: Downtrend. However on EURUSD chart, Goblin kept opening Buy orders (these 5 Buy orders have not been closed yet since no retracement and hence against the trend and eating up margin); whereas on GBPUSD, Goblin already closed initial Buy orders and now opened Sell orders according to the trend. Why both showing downtrend but EURUSD opened Buy orders and GBPUSD opened Sell orders? Will this problem be fixed in Goblin TF?
Thank you.
You're dealing with the biggest weakness inherited from the 10Point3 engine which is being addressed in the newer version of Goblin I'm working on. To recap the 10Point3 approach:
Just before a new trade cycle begins placing trades up to the Maxtrades limit, the EA checks in with the indicator(s) to see what the trend direction is. If the indicators say "Trend Is Up - Go Long", then the EA says "Ok...see ya later" and begins to merrily place buy orders one right after the other at each "Pips" interval until Maxtrades is exhausted. It does this without regard to whether the trend changes midway or not because that's the way it's programmed. Same behavior if it's sell orders. I think the original author of this EA figured that if trades started going south midway, eventually there would be a retracement and any losing trades would be bailed out. On the majority of trades, this seems to work but it's a real crapshoot and horribly risky. The problem with this is...what if there isn't a retracement, and what's the margin cost/drawdown to keep placing doubled orders? For traders with small accounts, it can be "the big wipeout" and it happens more often than not.
In my opinion, the key to using this 10Point3 logic and staying alive is to minimize Maxtrades setting to something in the 3-4 range and set the Lots to something realistic based on your capital.
The work I'm doing with Goblin is to make it continuously monitor trend and velocity realtime and take action when things start going the wrong way instead of blindly placing buy or sell trades in fixed cycle until that cycle is over.
when do you think you'll have the EA ready for testing.....
As fast as humanly possible.
I was planning to settle in and work on it this weekend until the wifey kindly reminded me that this was the weekend the outside Christmas lights and the indoor Christmas tree had to go up, so.....
I should have something within the week, time permitting. It may not be the final thing, but definitely the new core.
I was planning to settle in and work on it this weekend until the wifey kindly reminded me that this was the weekend the outside Christmas lights and the indoor Christmas tree had to go up, so.....
I should have something within the week, time permitting. It may not be the final thing, but definitely the new core.
Not a problem, I know the feeling When ever your ready
Are you forward testing the new version this week? It would be awesome to be able to start January with the ‘Holly Grai’ of EA’s
That would be awesome, Lets make some money
Not a problem, I know the feeling. When ever your ready
Are you forward testing the new version this week? It would be awesome to be able to start January with the ‘Holly Grai’ of EA’s
That would be awesome, Lets make some money
Starting Monday morning Asian time when metatrader opens I intend to forward test Goblin1 with the following settings. I expect that the progression will be 1.5 instead of the usual 2.
I will also test GoblinFibo1.2 and expect a fibonacci progression and will use the following settings. Since I am testing it with a FXDD account I will start from .1 unit.
I am aware that with these lesser progressions it will take more retracement to close the EAs off but since the progression will cost less, hopefully, the account will handle it.
John
After the first day I have found that the Goblin1 opens trades .01 .02 .03 .05 .08 .12 with the above settings. As we thought the trades do not close off as easily as before but then the cost of progression is not as great.
Early days yet.
Regarding GoblinFibo1.2 the trades opened .1 .1 .2 .3 .5 .8 as mentioned this platform doesn't support .01 trades. A complication is that there were 2 trades closed off on Monday from a previous hedging EA and the totals are compromised. gbpjpy -971 & chfjpy +187 so the results for this EA are +784 better than the totals shown. I will not post a GIF for this result.
Obviously to compare the results with Goblin1 they will have to be divided by 10.
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Linear Mode
