10points 3.mq4 - page 57
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Terminator and other pairs
I have recently learned how to reveal other currencies by right clicking in the market window and selecting show all. At the time I started the 6th demo account the 8 pairs I chose were all that I saw at the time. Now that I see more currencies to choose from there may be other pairs that work well.
I've been brainstorming ideas for increasing profit from existing trades by managing SL levels. https://www.mql5.com/en/forum/175481 has my ideas. One thing that 10points3 may take advantage of specifically is Group behavior I mentioned.
If a trade becomes profitable, you may want to set the SL to breakeven.
If a group of 6 trades enters at the same time, you may want to exit trade1 at a profit, and set the trade2-trade6 to have that profit level as a SL.
There are many more ideas, but those are the two that I thought of most regarding 10points3.
Such a good idea
I've been brainstorming ideas for increasing profit from existing trades by managing SL levels. https://www.mql5.com/en/forum/175481 has my ideas. One thing that 10points3 may take advantage of specifically is Group behavior I mentioned.
If a trade becomes profitable, you may want to set the SL to breakeven.
If a group of 6 trades enters at the same time, you may want to exit trade1 at a profit, and set the trade2-trade6 to have that profit level as a SL.
There are many more ideas, but those are the two that I thought of most regarding 10points3.Agree. That's what I've been thinkin so far. If either 1 of them(Multilot Scalper, 10Point3, DLM can slot your idea in, that will be brilliant. But if we're talking about mode 1(Open trade based on PIVOT), I still can't figure out an idea how to eliminate the huge drawdown, unless manually close all position with a tiny loss during GMT0000(forecast reversal by RSI+Vegastunnel, again... am I fully understand the meaning of robot trading???).
Well these methods aren't designed to prevent you from loosing on a bad trade. There are different strategies, but almost all of them are designed so you don't loose on a *good* trade. One of them is designed to take more profit than your TP level.
Trading on pivots is something I do, but I use Murrey Math Support/Resistance levels. Perhaps adding that as a confirmation would reduce the number of bad trades?
I should also add that I have about 5 strategies in that thread so far. With possibly one exception, they can be used as an assistant to manual trading, or as an assistant to an EA.
So any conclussion as so far, which one is the best 10point3 or terminator then
Terminator Option 1 Results
OpenOrdersBasedOn is set to...
1=Pivot Point Time Zone
This is being run on Demo Account 1 on the 4 suggested pairs.
EUR/USD
GBP/USD
USD/CHF
USD/JPY
Since the 6th demo account runs option 1 as well but on different currency pairs I decided to include the results along with this post. I also added the rest of the pairs that InterbankFX would allow me to trade on a live account.
AUD/USD
GBP/JPY
EUR/CAD
USD/CAD
GBP/CHF
AUD/CAD
EUR/JPY
EUR/AUD
AUD/JPY
EUR/GBP
NZD/USD
NZD/JPY
EUR/CHF
CHF/JPY
AUD/NZD
I am not looking so much at how much money is made by a certain pair because these numbers are unrealistic for a real account with a low balance. I am more concerned about how many trades and does the profit seem to be significant. If a pair made 15 trades and only had a $30.00 profit where another pair had 5 trades and had a $200.00 profit then I would say it was less risk and a chance that it worked better with the 2nd pair.
What I have found so far is that some of the other pairs outside of the 4 suggested actually do well and that out of the 4 suggested that the GBP/USD and USD/JPY have actually been performing better that the EUR/USD (by a little) and much better than the USD/CHF which hasn't done well at all so far. I think the suggestions of possibly resetting S/L to break even in some cases may be a good idea along with some of the other thoughts mentioned. I have thought in the past couple of weeks that if you have to go to a 3rd, 4th, etc. position than wouldn't it be better to limit your lossess by closing earlier positions that would never make it back to a profitable position anyways? I realize that the early positions are worth far less as you increase your number of open trades but why drag them all the way down when you know they will be losers anyways, right?
Terminator Option 2 Results
OpenOrdersBasedOn is set to...
2=Support and Resistance
This is being run on Demo Account 2 on the 4 suggested pairs.
Terminator Option 3 Results
OpenOrdersBasedOn is set to...
3=i_Trend RSI
This is being run on Demo Account 3 on the 4 suggested pairs.
Terminator Option 4 Results
OpenOrdersBasedOn is set to...
4=i_TrendRSIStoch
This is being run on Demo Account 4 on the 4 suggested pairs.