Raw Ideas - page 38
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System Kamick
What of thoughts of this system. This system uses a single pointer (Stocastico example), it does not use of it TP and SL. We enter long on cross of the stocastico (the new opening bar), if endured after inverts a sell ago, if it inverts a buy still ago without never to liquidate the previous positions. It closes all the positions (except the last position), only if ago at least in average some pips of average. What of thoughts?
Hunting for stop losses by your broker
The tip today will be on how to deal with stop losses and stop orders hunters. What I mean with hunters are brokers who hunt for your stop losses. I have received many emails from people who use to follow the up with my live trading orders and results, complaining that their brokers have triggered some orders on their platforms, but not on my platform. Although me and them had the same orders' numbers, yet the low or high of their broker differed or spiked by 2-3 pips more than me. In some cases it reached 10 pips.
Unfortunately this is a very difficult situation to deal with. And it will surely cost you a lot of money. But here are the steps you should take to try to solve it:
1. First of all, if you feel that your broker is hunting for your stops, then you should open an account at another broker and start comparing your broker's lows and highs with this broker.
If you still feel that your broker is really hunting for your stops, email them and explain the situation and provide evidence (the other broker's lows and highs)
If your broker does denies this, or never tries to hear or solve this, then the only solution is to change your broker.
2. Another act you could do to make sure that your broker is honest, is to always add 2-3 pips to your orders. This method was found useful by some traders I advised to. For example, if you use hans123 and your order looks like this BUY GBP @192.10 SL 191.75 TP 193.30. Then make your order like this BUY GBP @ 192.13 SL 191.72 TP 193.33. This will surely save you from stop hunts, because it will be very wide for your broker to make such a spike, and the difference would be between his high and other brokers high would be wider and clearer. And this method would also save sometimes from false breakouts. However the drawback is that you pay more pips for this protection. However one the traders found a solution for this, by using one of my older tips, and when he closes the orders at 23:00 CET, he tries to save himslef 2-3 pips using my older tip,, and thus he is re-gaining what he paid before.
3. Putting mental stops. Which means, you actually place the stop loss in your mind. You do not put it on the platform. You say if GBP reached 191.75 I will stop it manually. This way, your broker would not know where the stop is, and would not try to hunt it
To read more tips for free, check my site http://www.myfxreport.com
Simple, Profitable System - EA Needed Please
THIS MESSAGE HAS BEEN MODIFIED FROM THE ORIGINAL - wnw
Hi,
Here's the system, it backtests well so far in Amibroker.
No indicators, only two rules.
5 minute charts.
If the close is LOWER than the previous close, BUY.
If the close is HIGHER than the previous close, SELL.
Set a take profit of 10 pips and stop loss of 25 pips.
Here's the hitch- the existing trade MUST FINISH (either profit or stop out) before the next buy/sell signal triggers. As soon as a trade closes the next signal is automatically taken at the next bar close (no time rules).
If someone would care to code this, it would be helpful to create a range of T/P and S/L settings for additional testing.
Thanks in advance,
WNW
This strategy looks very interesting
Fellow EAers,
Check this system description out:
http://www.forexcurrencyclub.com/grid_trading
They call it "grid trading" but really it's quite different than the grid trading described here on most forex forums.
After reading the entire webpage, I wondered if we have an EA like this one or if someone wants to build it.
EDIT: This is the logic behind 10point3 isn't it?
-Tom
PS) I found this site after seeing these results posted at InterbankFx:
http://www.interbankfx.com/mini_chal...st_results.php
Tom,
grid trading is different than 10point3, which is martingale type. There are some differences in the logic.
Be careful, grids can blow up an account.
Good luck
Maji
TCA Futures
Does anybody know anything of TCA Futures a company in London who are involved in out reach training programs
Getting back to Mov Average
Sooner or later every cross should get back to its Moving Average right?
Very Well lets improve a new System a kind of Firebird...
Anyone interested in improve it or develop a EA?
EAs management
First, hat down to all the EA creators, programmers, traders, staff, etc..
Well is my idea (maybe someone already pop it out before me.....)
Fact: there are already many EA with minimum 80% efficacity in some cases with 90% efficacity. (part my engligh it is not my born language.)
Could we give a try to trade with multi EA
e.i. EUR/USD 10 EAs trading the same currency maybe on daily charts or 4H
the goal would be to have a positive out come.
EUR/USD EA1 made 50 pips/week
EUR/USD EA2 made 15 pips/week
EUR/USD EA3 made -20 pips/week
and so on so forth on all majors
OR IDEA 2
many EAs with the same kind of make type (trend follower or choppy maket types) or maybe 60% (trend EA ) and 40% (choppt EA). And instade of trying to score an homerun the goal with be stability increacement.
it just my 2 cents. Maybe i'm of the track
.... any come back !?!
First, hat down to all the EA creators, programmers, traders, staff, etc..
Well is my idea (maybe someone already pop it out before me.....)
Fact: there are already many EA with minimum 80% efficacity in some cases with 90% efficacity. (part my engligh it is not my born language.)
Could we give a try to trade with multi EA
e.i. EUR/USD 10 EAs trading the same currency maybe on daily charts or 4H
the goal would be to have a positive out come.
EUR/USD EA1 made 50 pips/week
EUR/USD EA2 made 15 pips/week
EUR/USD EA3 made -20 pips/week
and so on so forth on all majors
OR IDEA 2
many EAs with the same kind of make type (trend follower or choppy maket types) or maybe 60% (trend EA ) and 40% (choppt EA). And instade of trying to score an homerun the goal with be stability increacement.
it just my 2 cents. Maybe i'm of the trackIf you are member of Elite section, we have open a thread about this kind of idea.
Please check in Elite section : EA Switcher.
Regards.
Forex Calendar
A good tool for those who has a fx site. Iframe economic calendar: http://www.understandmarket.com/index.php?categoryid=85