Thanks a lot i need to read more about atr.
Can you pls suggest good online articles books?
About the ea its basically a scalping ea and added martingale to it so an average of buys and sells coming to a set tp or sl gives me an average of 3-4 trades and pips.
In a dead slow market it gains more as compared to a moving market.
Hence i want to add volatile indicator to inhibit trades totally or in set direction to prevent losses.
Will have to read more about atr.
Thanks.
There is a lot more to it.
Will soon post results.
can I look your results on a chart?
you have 2 accounts or 1 ? (2 сhart 2 robots)
I have one ea and one account.
I will be posting backtest soon.
I will be starting new account only for this ea.
Existing account has two more eas.
Till that time will post daily profit or loss.
Only the inhibiting the ea part is a little working. Am manually turning it off ahead of movements.
Thanks
2% down since yesterday.
Still hopeful.
Was 5% up until two shorts took the account down to -2%
Looks like m heading to a record for most accounts blown up by a single person in a record time.
Still hopeful i am now changing my strategy to opposite close true i.e if a short is triggered long will close and visa-versa
Some changes done by the programmer led to a good 5% up.
A little about myself since i think this system might work.
I started 6 years back blew two accounts then and stopped; started reading more and eventually once you are not live trading you loose interest. One year back while surfing i found some interesting articles and started reading again. Went live five months back and blew two more.
But the best part is none of my accounts ever exceeded my one days pay.
One days pay six years back for two accounts and one days pay now.
I have taken it as a hobby and like to try out new things.
This is for you master tang no matter how irresponsible i sound on forum but i completely understand what you were trying to say.
I have brought down the risk to 1% per trade.
Now from next week i will be starting a new account and publishing it on myfxbook.
This thread is only for education purpose and new ideas. I also thank people contributing new ideas.
Personally i don’t rely or live upon high risk investments ( please read my first few posts) but now blackest looks good and demo is 10% up. Its too early to say but i think it should work.
I feel i should share A line i read few months back - if you flip a coin the probability that its heads or tails is 50%. If you find out a method by which you can make heads 70% then keep repeating the method and slowly you will reap money. Indicators and methods only increase your chance of winning but is not 100% so just stick to the method and reap slowly.
Thanks all.
Next week new account from start.
Sorry to keep you’ll waiting but after a very healthy discussion with the programmer. He moment want me to post results on forum.
So be it.
The reason being i am using a higher risk settings and he moment want any negative posting. He has asked me to direct readers to his account on myfxbook by the name robo2trade.
Anybody interested can have a look at the performance and he also agreed to sell his product. Back test well before you put it live.
End of discussion for this each.
Thanks.
By the way
Anybody has used donchian scalpel?
hey, i am new to babypips and i need help in developing an EA. the truth is i know nothing about EA’s jus that my system requires constant monitoring so as not to miss entries. i use rsi(18) and ema(15 with shift 2). thanks 4 ur help in advance
I can direct you to the programmer as i m not a comp guy.
He did it for me u can ask him if he would make you urn ea
Not a complex system, I can help with developing this simple system, but $_$ huh
Hi guys sorry for being away.
Was busy reading.
Final strategy is m settled for a combination of grid and martingale .
Deposited a heafty amount if market goes only in one direction then also will be able to sustain.
Things and facilities by brokers are different with serious money.
The system is simple like butterfly system with a little modification from my side.
If the current value is 1 the there will be a buy and a sell on 1. If the market moves up then at a set point say 100pips for example the buy books profit and three new trades open 1buy at 101 and two sells at 101.
If the market moves up further say 100pips more then the buy again books profit and 4 sell and one buy is placed again.
Now if the market moves down say 100pips less then the total 7pips sell books profit and new trade of 2 buys and one sell takes place. And so on. So if market moves up you earn on buy and martingale on sell and visa versa. You only loose if you don’t have enough margin. Hence heafty balance.
I hope you all understood.
Margin required is huge but you never end up in a loss.
I was fed up of blowing accounts hence did a serious investment.
I am not targeting at % increase in balance per month bit am targeting at monthly income to match my profits.
I will be nearing it soon.
Less capital less gain more capital more gain.
I think i have found my holy grail and will stick to it.
Will keep trying new systems.
Ps: i have found my holy grail for free on internet. Keep surfing for strategies and you will find your holy grail too.
Had to finish what i started hence came back.
Before i get any stupid responses i would like to simplify the explanation of strategy
Value1 - 1buy + 1sell.
Value 101 pips - 1buy books profit =100pips.
Value 101 - 1buy again + 2sells= total 1buy +3 sells open.
Value 201- 1 buy books profit= 100pips total buy= 200pips.
Value 201 - 1buy again and four sells.
Total = 1 buy and 7 sells.
Prices retract to again 101 then.
Value 101- 7 sells book profit. Total averaging approx 350 pips.
This exercise gives a total profit of approx 550pips.
Values of take profit can be changed according to balance from 10pips to 200 pips depending entirely on margin available .
This is just a simple example. There are a lot of logic,martingale values and grid values and take profit variations for each pair.
Suggesting to read strategies very well before entering markets. And demo before going live with the same broker and same vps .
Thanks for now.
Any chance of tracking your performance on MT4i or Myfxbook?
It sounds interesting. I would love to see a graph showing the history.
Nick i have just opened a new account which has a combination of three systems including the one mentioned above.
The account is under the user name forexed. the account name is new account. I have not verified the account for obvious reasons.
But you can track the progress or regress on hourly basis.
Started just two days back.
Have the nerve to trade through Greece elections.
I don’t know how to get the link to this account directly( anybody knowing please help).
But you can open myfxbook website and in search type forexed my portfolio will open and then select new account which will give you all the required details.
Lets hope for the best.
the major acount is not public.
Kindly follow for atleast one month and then if the performance is good and if you are convinced then i will help setting your account.
Thanks,
Bye