Is there a Trailing TP option to?

I am using 4 lot max and placed in 8 pip intervals. So far so good.

In testing 4 was the max trades I could use and not have the account get dumped. 3 is safer but you'd want to have them placed at 12 pip intervels so the last tp can get hit on retrace.

Still experimenting with long and short only's placed on seperate charts.

I am short $jpy, but for some reason I see a successful long made today on $jpy. weired but cool since it was a winner, as I am waiting for the shorts to pan out.

Dave

Interesting, I havent' been trying pips that close together with maxtrades that low.

I did write some neat code that changed the pip value depending on how large the swings had been in the previous 24 hour or so.

Dynamic Pips !!

Of course, history is no real indication of the future.
It didnt seem to work out

bluto, The sequence highlighted on the GIF closed with a $35.71 loss.

Now that I have reduced the progression to 1.5 instead of 2 it must follow that the TP must be raised because the 20TP clearly will not cover the progression after a certain number of increments. The sequence identified closed off at MaxTrades8.

Need to spend some time to calculate what TP would cover a MaxTrades10+ progression.

John

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Goblinusdjpy.GIF (66.5 KB, 192 views)

Hi Everyone,

I don't know if anyone already converted turbo jvel into multi time frame indicator or not. However, I just convert the indicator. So it will let you attach Turbo JVEL into any H1 or any time frame chart but still be able to see D1 Turbo JVEL in one single chart window,

For Example,
Open EURUSD h1 chart, then attach #MTF_Turbo_JVEL and set the TimeFRame parameter of #MTF_turbo_jvel to 1440 ( which is 1440 minutes = Daily Chart or D1 ), all other parameters are the same with original Tubo_JVEL

inorder to run #MTF_Turbo_Jvel, you have to copy the #MTF_Turbo_Jvel and Turbo_Jvel into YOUR INDICATOR Folder

Hopefuly it will help someone to do manual backtest.

popok sakti

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#MTF_Turbo_JVEL.mq4 (4.0 KB, 103 views)

Awesome!

Let me contribute to this thread a bit.


These are my settings and forward testing on demo IBFX since 27th November untill today.

I created a $500 mini account, and used default settings, the only thing I changed is.

Lot size= 0.01
MaxTrades=7
TIMEFRAME = M15 !!!!!
-------------

Until today it came slowly and very nice +50% ($760), without any major losses. I am using 4 major pairs!


Check my settings and Statement.

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DetailedStatement.gif (4.8 KB, 151 views)

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DetailedStatement.htm (109.4 KB, 67 views)

I just did a simple calculation.

In case we are against a trend.

Say for a move of 150pips without retracement, and the maxtrade is reached. For a pipstep of 15, the martingale method would lose 30,540 pips. But for a pipstep of 25, it only loses 3,000 pips in comparison.

And for a move of 75pips without retracement, for a pipstep of 15, the martingale method would lose 615 pips. But for a pipstep of 25, it only loses 275 pips in comparison.

So, can we consider increasing the size of pipstep to reduce the drawdown?

I will try higher pipstep.

Deep pockets needed. I started a $3000 demo on the 4 majors with default settings and quickly ran out of free margin. Restarted with $10,000 demo and again quickly ran out of free margin. Negative float at times was over 30% of Balance. Also, margin level down near 100%. Min margin level for several brokers is 80%. Getting close.


Wackena

bluto, this is my suggestion