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I think the modified trade progression illustrated a few posts up...would be enough...I am enjoying great success even with doubling using the Last_Entry_Filter set to "true".
By the way...I am floating 10 bucks plus just now...it keeps falling very slowly without sharp retraces...Thank you market This is a time I wish I had a heavier progression with bigger tick increments.
...at this rate I can afford a maxtrade exit now and then...not a problem...
Just take the losses with the wins and if the progression gets too high...get out of the kitchen...
ES
Last edited by ElectricSavant; 02-28-2008 at 01:53 AM.
I wanted to share my results so far. This is with Pyramid true, and LastEntryFilter true. The TS is set at $2, and 50%. 30m bars with 2bar look back. Both entry lags set to 4. No doubling, just simply 0.1 to start with 0.1 progression.
The maxtrade wouldn't have happened if it was a last entry filter setup, because obviously the trades were loaded unnecessarily both sides quickly, IMHO. So, with the last entry filter setup, reaching maxtrades may be less.
Because, kayvan's method looks for breakouts - so last entry filter and pyramid are important.
I think close all maxtrades set to true can kill this system. The very nature of the system relies on eventually going positive. Maybe use small progressions?
I agree with sivach on the last entry filter. It GREATLY minimizes the amount of orders.
All seems to work good so far. But I noticed, after restarting PC or MetaTrader platform, the previous trades are not properly recognised and trades not executed continuosly as supposed to be, maybe I am wrong here. This is a very important issue - if a shutdown, or changing pc (with the same preset file of course), in the middle of a cycle.
For example, I have seen some other EAs do this flawlessly - eg: pipmaker. Please could someone test this and confirm, I think wolfe has a global solution for this matter.
To keep the hedge profitable, we could only close the winners and wait for the losers to become profitable.
So that when TFX wants to open a trade it would close the less profitable trade.
Just an idea, though..
I've experimented with this type of idea before. I found it to be a nightmare, and ultimately NOT profitable. Maybe I didn't know what I was doing. Have you tried to code such an animal?