UPDATE: 2nd Trade hit TP1 + BE
Third Trade TP1 at 18 pips + 18 pips TP 2 Hit just now
Iām using cTrader too but there are only Center of Gravity and fractals indicatorsā¦ the orders?
You need to download the rest. Just add custom indicators and you will be redirected to webpage. Then ue the search and download what you need.
Thank you very much. You have saved me
A Small tip ;)ā¦ just remove TP2 and instead keep moving your stoploss along EMA20 after hitting TP1,
Check what happens
Good Morning London
Close enoughā¦ letās see how it turns out
TP1 HIT ā¦ Tracing EMA for TP2
PS: I Keep shifting EMAās period to get the best resultā¦ between 10 and 50
Update: TP2 Hit on EMA 40 @ 26 pips
Total so far is 42 + 26 pips :)ā¦ now looking for reversalsā¦
Seems like the parameters would make for a difficult time programming an EA. Though Iām seeing success with it!
Actually i am writing one since few daysā¦ so far profit factor is above 10
but i am trying to enhance the MM within itā¦ maybe add an optional martingale and a spread filter for news spikesā¦
the bummer is that i cannot use partial TP with calgoās backtesting so i am not using it and instead manually close my trade on TP1 while leaving half of it running and my ea takes care or a trailing stop :)ā¦ only today have i started on live with itā¦
Here is a snap of the trade by the bot
First TP was hit on target at 35.4 pipsā¦ second was hit by trailing EMA at 37.2
after that i did not trade as i am modifying the bot to find an optimum settingā¦
also coding it giveās me a chance of trying my theory on other pairs
AND NO i have no plans of selling itā¦
I am a big fan of open source & owe much credit to a large community of traders that have contributed to me being successfulā¦ i might however share it on ctdn but only when i find itās optimum settings and indies to clean the rubbishā¦
Happy Pippin!
Hi median,
Nice to see your system working, I should start playing on my demo with it too.
How long have you been trading forex? From where do you trade ?
Is this a live account you are trading on? Pepperstone ? How do you feel about them?
Some odd questions, but just gotta keep this thread movin
Those my friend are very important questionsā¦
I am currently on FXProās which is great considering their awesome tools and reputationā¦ Iām sure youāll find better spreads and lower comms with other brokers but i have been with fxpro since 08 and their vault credit card makes it a breeze for me to withdraw considering where i liveā¦ which is something i cannot find āyetā with other brokers.
This is a live accountā¦ but a messed up one as i try a lot of things on itā¦ i keep moving money between it and an mt4 account i maintain with them for testing strategies all the time.
I do however plan on dedicating a live account only for that strategy once i am done with the botā¦ and iāll post a link here so other traders can copy itās signals for FREEā¦
Iāve heard a lot about pepperstone almost everywhere i goā¦ i might even start with them just to see what the fuzz is about
Thank you very much for what you are doing.
Thanks median !
I mentioned peperstone as I thought they are the only ones giving Ctrader platform. I was wrong, need to do my research first. I was thinking about opening an acc with them, but after I read some really bad reviews not considering them anymore, but future will show.
Again thanks for the work and effort, we need people like you in this rotten world
You are welcomeā¦ but kudos go mostly to the guys behind babypips for establishing a great platform that enables us to share ideasā¦
BTWā¦ Bot is completeā¦ but i am still running optimizations on tickdata and some really aggressive settings so this might take few hoursā¦ if all goes well tomorrow weāll be live and iāll provide a link to the live accountā¦
I will also share the code on ctdn so donāt worry itāll always be open source
Iāve read somewhere that anything more than 6 months old is irrelevant in backtesting as the market is a shapeshifter essentiallyā¦ what do you guys think?
This is where MM comes inā¦ so it has a built in SL, Partial TP, Moving stop āNot Trailingā, and some few settings to give us the upper hand on market conditions.
All in allā¦ iāll be very happy to see it WORKā¦ sharing it is not for free ==> karma will pay me backā¦ i HOPE
Good Morning London even though it is still early, but iām gonna kick the the day started with some great news:
The Strategy is now LIVE, and FREE!
https://cmirror.com/strategy/57771
Disclaimer: I have put only 150$ at risk, So i advise you first to test it out for a while using a DEMO account, if however you do trust strangers that you have never met and are willing to put your fate in the hands of a virtual being then PLEASE do not use a risky capital to mirror me, i will not be responsible for any losses. i am providing this signal only as a proof of concept.
Although i am using a fairly decent MM strategy, but remember that i am building this account up, so some high risk is expected at the beginning
Updateā¦ Till i announce with another reply to this thread please do not copy the signal yetā¦ i am fixing something critically wrong, it opened three positions in an opposite direction todayā¦ and missed one large setupā¦
Clearly i cannot rely on backtesting it even if it was for 4 yearsā¦ and this is why i wanted to test it with a live accountā¦ only then will i know if it works or notā¦
I was watching the chart when all three setups happenedā¦ all two where opposite signal and one was too lateā¦
Debugging as we speakā¦
Hey median !
I will definitely be following the stats !
Nice to see you working on it. I wish you the best results with this live account
Just keep this thread alive !
Thank you pelekazā¦
Now this is what i have done todayā¦
After rigorous testingā¦ and i mean RIGOROUSā¦ simulator has been running on my laptop for 4 days on tick dataā¦ i came to the conclusion that backtesting in ctrader could not be further from the truthā¦
SOā¦ i have decided that it is really worth the risk that i use a small capital like that in testing 15 different instances and settings from two versions of the same bot on live testingā¦ if it blows then it blowsā¦ itās a live test after allā¦ however if it does notā¦ then WELL DONE i guessā¦
i will add few more buck to recap the accountā¦ and watch what happensā¦
The settings and params i am loading in each instance do not over trade ā¦ infact if we combine all instances at the same time we might get 3-4 trades a dayā¦ so i am not very worriedā¦ but i do NOT suggest copying an account that risky yetā¦
This is a quest to find the best performer on a live accountā¦ and in such a market if you canāt put your money where your mouth is then perhaps you are not fit for tradingā¦
That saidā¦ i am working on a different strategy that involves mtf parabolic sarsā¦ it showed promise in backtesting but that is a different caseā¦ i might even get to the conclusion that FXPro is trading against me!!! i donāt know how that is possible using ctraderās open platform but maybe it is the caseā¦ specially if there was no news at the time of the tradeā¦
Bottomlineā¦ LIVE testing is the ONLY way to know if your strategy worksā¦ backtesting āeven with tickdataā is only good for confirming the bot is actually opening trades and frequencyā¦
Also forget DEMO accountsā¦ they are worthlessā¦ i have learned that lesson many years ago the HARD wayā¦
Iāll keep updating you guys on progressā¦ also you can watch the live test via the link shared earlierā¦
HAPPY PIPPIN!
Hi median,
well looks like bot in not running fine for some reason, just double checked the last trade it took in GU 10:50 buy on my ctrader platform and the signal wasnāt clear at all, and for egz, why it did nothing on clear buy signal 8:30 or 9:30 (gmt time) ? It looks like it chooses the wrong side all the time, and SAR on 10:50 was showing selling also.
Obviously if it was a manual trade you wouldnāt take it. BTW was is the set RR for bot ?
Well actually yesā¦ i was taking opposite signalsā¦ combining and matching other settingsā¦ the last trade was forced by me to be in an opposite directionā¦ it is just part of debugging my botā¦
Starting this weekā¦ we will start running 18 instances at the same timeā¦ each with itās own settings and without over trading of course so the account doesnāt blow upā¦
Actually each setting has itās own timingā¦ so around 3-4 instances will be in control at any given timeā¦ the reason why i am running all these instances is to max the reasonable risk so when i invest a large amount of funds and run one or two of such instances iāll at least be mostly safe from extreme drawdownsā¦
Over this weekend iāll max out whatever optimum parameters i can get, and on other pairsā¦ so far i have reached a profit factor of 54+ which is AMAZING but didnāt have a chance to run that profile yetā¦
Once i post the code of the bot iāll also share the settings and a full guide on how to re-optimize those settingsā¦ No bot will be successful forever, and if we keep evolving on weekly basis with the market, i believe weāll always be one step ahead
Next week is a stress test so letās see how it goesā¦
So ya, the bot is runningā¦ it took two trades in the last three days for a total of 40 pipsā¦
Which is not bad but TOO early to judge itā¦
As extensive testing showed that i cannot rely on backtesting for anythingā¦ it just messes up the tradesā¦ and this strategy still proves profitable in manual tradingā¦
While studying other pairsā¦ i have found that GBP/JPY showed much potential using the regular setup, however due to the volatility of the pairā¦ reversing can happen quite earlier than TP levelā¦ and since anything less that 1:1 is not my game i would not risk itā¦
Soā¦ i adapted a new calculationā¦ and converted one great indicator to calgoā¦ and this is the āPotentialā Setupā¦ i have been plotting signals and TPs on the chart the whole night while the market is moving ājust to make sure no repaints occurā ā¦ till few minutes agoā¦ and decided to share with you what i have got
Over 530 pips in one night!!!
Itās too dreamy i knowā¦ but this method took crazy eyeballing till i grabbed itā¦
It is so intense that it captured almost every single swing today!
Blue lines are Buys, Purpules are Sellsā¦ Connected Green line is enter buy, Dotted Green is exit buyā¦ Connected Red is enter sellā¦ Dotted red is exit sell!
Also may start live testing it soonā¦ but manually ā¦ as you can see the risk/reward ratio is very compellingā¦
The indicator is still messy and extremely CPU intensiveā¦ To give you a prespective, it requires 3days+ of testing only 4 variables, on M5 open bars ānot tick dataā, while using almost 80% of my i7 8 cores processor to backtest the last two months , so once i stabilize it iāll share it with you guys, it is based on the modified inverse fisher transform formula if you are in a rush and can do it yourselfā¦ so itā's a non lagging mostlyā¦ here is the link i used for the full calculations: TRADERSā TIPS - October 2010
HAPPY PIPPIN!