Hi ahamed,

I don't know this system.
To say where to exit so it is necessary to trade this system, to test the indicators, to feel this system ...

Decent results dude.

__________________
Ash's Signals

That's dudess

I will be back this week alot more. I have completed my other project and am ready to do some trading.

I started testing the ea on 28 pairs (not 27) 2 weeks ago. The first week, as I was making adjustments and basically trying to understand how the settings work (still not clear on the trailing stops), I had quite serious drawdown, as you can see in the statement (nb: it's sorted by pairs, note date). Then last week, as I understood better and personalized the various pairs, things got much better (again, see statement). Basically:
Initial capital: $5,000.00
Week 1 results: -$1,555.27
Week 2 results: +$5597.85
Current equity: $9,042.58

I’m using mini lots (0.1).

I mentioned earlier that if it was possible to modify the ea so that it does not take a trade if the 2 preceding bars have an arrow would make this much better. The other thing that I noticed, which doesn’t help in testing and getting the true results, is that when the ea encounters “trade context busy”, it does not check/retry later and that causes some very good trades to not be taken or some exits not being triggered (that’s the reason there’s one negative open trade on the statement – it should have exited a long time ago with positive pips.

I still need to understand better how the various exits work. I've had to exit many trades manually. And I’m not sure how the trailing stops work either - but I haven’t finished reading the whole thread (on page 158 at the moment, for those who pm’d me, be patient, I’m almost done) so this might have been covered.

Ok, so basically I have 3 questions:
1. If ever you still come around here bear/forex11, do you mind if I post a summary of the 1st 230 or so pages of the thread? (maybe you want people to read the whole thing, as a proof of their willingness to do a bit of WORK before being fed pablum – I believe I learned quite a bit more by reading from scratch, personally anyway.)
2. Programmers, is it even possible to try and start thinking of a way to implement the “at signal, check prior 2 candles and if either one of them (or both) are wearing an arrow hat, don’t move” or is this repainting issue just something we need to live with?
3. Can something be done so that the ea checks/retries upon “trade context busy” errors? (this, I seem to remember, was in fact implemented in another ea I tested).

I still need to work on exits at the moment, and analysing 28 pairs is of course a lot of work and takes a long time, but I’m getting there. Something I’m thinking is to note the daily trend of all pairs, and set the ea for each pair to go only long/only short for the really trending pairs (ex audnzd), and leave open for the ranging or volatile ones. Or go with the trend on ALL pairs and play it safe, this would be like some kind of retracement hitting system.

Anyway, almost doubling the initial capital in 2 weeks is definitely impressive, to say the least. I understand I’m still in many trades that aren’t closed, but I could do a close-all now, and get that result. So the potential’s there. And with the 2 bug fixes, well even the sky wouldn’t be the limit.

OK that’s enough for today, play safe and have fun!

Attached Files

bouncing july 4.htm (89.6 KB, 91 views)

All trades still in positive territory @ sunday open. Two new trades taken just a few minutes ago.

This week-end, I set trailing stops for all pairs at ADR/2. Let's see what happens.

I wish everyone a super great trading week.

hello Ms_Mel,

first i will say: great results. maybe you would like to share your positions to compare with mine/our positions.

i took a trade long @ 1.6302 EUR/AUD 7th July 7:07 GMT IBFX 0.22 minis.

still at +35 pips

cheers PriNova

Attached Images

tradeeuraud0707.jpg (164.3 KB, 582 views)

Hi PriNova,

I have currently 48 open trades, of which 19 are new for this week. In this group, I too have a euraud long taken at 2:00 am gmt @ 1.6278 which is currently at +95 pips (0.1 lot). This is on the 1H.

I see this pair as having a lot of potential to the downside, however and am currently in a short in my live account based on the daily bars which are definitely going in that direction in the long term (but right now we have a nice retracement).

Have a great day!

ms_mel,

19 new trades open? what kind of strategy you use? i use the 3tf method. with laguerre and qqe indi additional for entry confirmation.

i try to understand why 19 new trades.

mabye you could make light behind the scene for me.

regards PriNova

Just scroll a few posts back (starting here #2327), I explain (roughly) what I’m doing. But basically, I’m testing 28 pairs (see post where I list them) on the 1H timeframe. I use no filters for entries except for trades being taken on the 3rd bar. Lot sizes are 0.1 and max number of trades per pair is set to 6. For exits, I simply apply a trailing stop (the 4th option in the ea at the bottom – not sure it works, I had to do it manually so far) and the trailing stops are each pair’s ADR (Average Daily Range) divided by 2. Every Sunday, I check all the pair’s ADR’s and adjust accordingly. Stop losses are each pair’s ADR. The ea version I'm using is "bouncingpipeaMpower42".


I had a rough start 2 weeks ago as I had put an entry filter (I can’t remember which one) which caused trades to be entered then almost immediately exited or exited on the next bar because a new arrow appeared (or something). So now, without this filter, the “bad” trades are kept (up to 6) and the new entries simply act as price “averagers”.

Of course money management would need to be taken into consideration – I wouldn’t trade like this live – don’t forget I’m in the initial phases of testing, so I’ll adjust as I go along. But apart from the initial drawdown (which I explained a few posts ago), this system is really impressive. As I type, here is where I stand:

Initial capital: 5000.00
Current balance: 8658.00
Equity 9475.00
Margin: 1595.00
Free margin: 7880.00
Margin level: 594.04%
Open trades:817.00

Hope this helps,