Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
I made a bunch of modifications to the Piplite EA. The first thing I did was take out the fisher indicator. I then added a RSI filter to stop trading at oversold and overbought levels (70/30). I'll try the heiken ashi smoothed indicator too. Like i previously stated, i'm learning programming as I go. I'll keep everyone updated on my results.
It's great to see someone else working on making this thing "click" I had removed Fisher at one point but aRSI as the only entry wouldn't trade the GBPUSD at all at any level with the current markets.
The decision to add the RSI for 70/30 (adjustable) brought a decision matrix to the trade logic that assited but I only backtested the EURCHF to see the results. It kept the DD lower...but also the profits.
Piplite makes money best by trading against the trend and closes on reversal for a profit. That's what makes this thing profitable and...dangerous. Who can truly predict that a reversal will occur? Finding a trend is one thing. Closing for profits is another.
I look forward to seeing workable and backtestable versions without the assistance of enterance indicictors. Blessing 2 uses but one simple indicator...go give it a look.
The simplier, the better...KISS always!
Happy trading!
v/r
__________________
Jeff J Talon Associates Investment Management
Yeah, I'll take a look at then new Blessing 2. Your right about the 70/30 filter, profits are less but that doesn't bother me, what I'm after is keeping the DD low.
A new version is attached here. The new version makes only one small and simple change. Folks were wondering what their lot size would be when the changed the risk factor so here's how you can do it now.
Load Piplite onto the desired chart. Uncheck the allow live trading box, load your set file then adjust the risk setting appropriately. Hit OK and Piplite with load with a smiley face BUT won't trade. The message information with pop up showing the base lot size Piplite will use, if you like it, go back and check the allow live trading feature and you're set to go!
v/r
Jeff
__________________
Jeff J Talon Associates Investment Management
Very good job..
this script is so "simply" as so good!
Thanks again (now i'm testing it in demo, with 500$ balance)
(yesterday i made a profit of +260$)
now I remember why i don't like clowns, lol...
Linear Mode
