I just wanted to say thanks once again to Bluto and everyones ideas hope we get this thing to work like everyone wants. I do have a question on the pound dollar of Fri I have three sell orders active and no buys. Well at the end of the day when it turned back around should it have put in a buy order on the pound 15min TF. Looks like it may have picked up 15-20 pips their. Thanks Jay

i'm thankful for you taking the time to give a proper response.

i guess im a little confused when you say hedging. if you mean hedging in the sense that the EA has a position on the other side then consider what may happen if it is in the 5 step on one side and the first step on the other. what would happen if the market continued to move against the 5th step position. the first step position wouldn't offset much would it. margin call wouldve probably hit by now eh? this is theoretical of course and may or may not happen.

anyone have equity requirements?

I only use 4 max but look at my forward tests and see what happens. It can make moeny.

Strange. I was thinking about asking Bluto to incorporate Davids recycling idea while driving home. Just turned on my computer and this has been already discussed.

Thank you Bluto, David and everyone contributing to Goblin developement.
Have a peaceful Holidays !

I think the key to making the difference or not with thing is going to be the settings.

Hello Bluto and All,

I have a second observation to share. As I watched the back-test takes place in visual mode. I studied the dynamics by which the long and short engines interact during strong trends and ranging periods. The logics work great during ranging markets where the long and short positions almost coincide at the same level when the market retraces between positions. This essential creates true hedged positions. However, when the market trends only one logic naturally wins over the other and the winning logic continues to open first positions (0.01, 0.1, or 1) and closing them with a profit. But, the losing logic continues to open positions in the cycle (0.1, 0.2, and 0.4….etc) and continues building positions unnecessarily and thus introducing unnecessary risk. Essentially this situation eventually will blow up the account since the losing cycle is over taking the winning cycle.

My recommendation: Why not close the losing cycle when a change in setup is detected? Although this will introduce losses, nevertheless, the losses will be small and will be offset by the winning logic.

I understand that one could critique this approach by saying that it defeats the whole purpose of position progression as the market moves against you. I beg to differ, when everything is used in moderation you always come out a winner. I suggest that by employing the max lot feature already enabled within the expert coupled with reversal in trend detection and closing the losing cycle once the max lot is reached would work out nicely.

Essentially this approach limits the risk dynamically (i.e. allowing the market some room to turn in your favor) instead of setting a hard stop and in the same time allows the winning logic to do its thing and continue making money.

I hope I did not confuse any one and if I did I would be happy to elaborate further if needed.

Cheers,

---------------------------------------------------------------
Bluto:

Wish You Merry Christmas and Happy New year!
Sincerely,
rswamy4449

bluto

thanks mate. please code a switch "dualsequence = true/false" so we can have old goblin and bipolar goblin in the same script.

cheers

piptits

What values should we put for Account Protect and Order Protect?

contrary to popular belief. The account will not blow up.

as you can see over a year even though there were constantly losing positions equity stayed near the starting balance.

They way this will work is to close all positions and start fresh when a desired equity increase is reached.

I currently do it manually on my forward tests.

remember the forward test I posted that had 5k in losing positions? Remember I also closed all positions for 1600$ profit above starting balance. Then started fresh. Then made another 2k or more in the following 3 days.

Closing losing positions while equity is above starting point is it.

And bluto, can you add in the settings window the ability to chose what time frame it takes trend signals from?

I think these 2 things is all it needs.

Attached Images

1 year bipoler.gif (8.1 KB, 383 views)

Attached Files

1 year bipoler.htm (345.0 KB, 241 views)