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I tried the Join the Dots v1.2 EA which I've downloaded from the MT_E and I YahooGroup recently.
I've forward-test the EA on a small Alpari account with $250 start capital. In a period of one week, it doubled the account!
I'm not sure whether it is a fluke or just pure brilliance. But I'm going to let it run for a couple of months just to see if it hits drawdown. I will post weekly statements every Saturday.
Here is the statement for this week.Any updates on this?
EA results for last week on H1 charts: 537 pips
I tested the v3 of the EA this week on 12 pairs, with default settings on H1 charts. Very good results, with +537 pips and 73% win rate.
Cheers, Trevor
MP -- it goes uphill, downhill and gets 28mpg
Back when the real VW bug was in its heyday, the above was one advertising slogan, and while Im driving a 73 Bug for shopping and fun, I really was thinking more of the ziggies.
Ive attached a chart (minus my usual spaghetti) that shows a full value (magenta) and a half value (white) Ziggy.
This kinda fun points out two things, one of which is very useful for the manual trader, and both for the equity in your account.
Notice the magenta lines --- these represent the FULL move of the ziggy for that swing (cycle, movement -- whatever !) and as the ziggy moves to complete its full cycle (use the center downside one for instance) you will note the price fell (one arrow), consolidated at support (two arrows) moved up on a viagra rush reaching resistance and finally fell, to join the end point of the MAIN downside ziggy (The MINOR ziggy moves are shown by the skinny white ziggy line.
When manual trading, following the WHITE ziggy will maximize profits while reducing drawdowns and is what I tend to do when charged up and wanting to prove to my ferret that I am indeed a great trader and a master of the time/space continuam, while the purple main ziggy will be used when my ferret is asleep and cant see what im doing and how lazy Im being.
Now, when using the FULL (purple, magenta, dusky rose -- whatever !) ziggy, PLEASE NOTICE THE DRAWDOWNS you got as the currency, once it reached that middle area, reversed back to the upside on the viagra rush --- If you had "bet the farm" at the beginning of the downside move, your brokers would probably now be using your equity to buy chicken salad sandwiches for everyone, and you would be seriously considering if you might get away with robbing a bank, simply because that which allowed you to "bet the farm" was margin, and you just wiped it out in a rush of flaming glory ! ("flaming glory" is one of those really old expresions, started in WW1 and applied to the -pilots of those stick and fabric "kites" called aereoplanes that the military flew around. Going down in "flaming glory" was obviously not a good thing if you happened to be in the center of it ---- same goes for your margin !
using the MAIN ziggy sets you up for (sometimes) a really big drawdown, and if you havent been following the rules, Barclays Bank has just inaugurated a new holiday ---- Retail Traders Chicken Salad Day !
so be aware there be two ways of trading this sucker and allow your nether regions to be well covered because there WILL come a time when the currency laughs and snickers, and then moves STRONG in the opposite direction.
Now I state it for me, and for those traders who have reached at least an "intermediate" stage in their capitalistic and greedy careers, but if one had a normal stoploss in place, GONE would be the word used concerning your equity because with almost a 2/3rds retracement back up, pretty much any logical stoploss would have been hit and your trade would be a "loss" instead of a "gain", while you would be the one yelling "stop" !
As Im so fond of saying, the ziggies work as long as you understand they aint magic --- they depend on price movement criteria to move, and sometimes that criteria will change, but if you take a trade in the direction the ziggy is telling you, you may enter early (hours early in some cases) but you HAVE entered in the right direction ! If you are using the H4 or H1, OFTEN the reversal pointed out by the ziggies and its dots WILL NOT REVERSE until midnite, EST, even if you got the dot at 8AM, EST --- before it can move, it has to go thru all the shennagins of the lower timeframes, which takes all day, BUT IT WILL MOVE IN THE DIRECTION IT SAYS ! (just dont sit there watching all day, unless you have absolutely NOTHING else to do !
Just PLEASE PLEASE PLEASE, WATCH YOUR MARGIN and dont try for the moon with a small account (dont try with a BIG one either, or you end up in the newspapers as the supreme example of what not to do, or having words like "rogue trader" attached to your resume which seriously shortens the face time you get with the ladies !)
Phooey -- i forgot the arrows, but youll get the idea.
enjoy and trade well
mp
Reversal pattern
Hey mates,
Just wanted to point you to a reversal pattern that works 80% + of the time.
I have used the sliding channels indie, and have highlighted the important trendline in red, as you see they form a triangle. There are a couple of other patterns--trend continuation, that work well too. I will post them as I see one. Please find the indicators used on the chart below. For chandeliers stops I use lenght 9. It works far better than price channel stop IMO, price channel stop too noisy IMO.
Here are the results from jointhedots EA on 30 minute time frame.
Hi mrpip05,
With your result, what EA version and setting you are using ??
Will you post it ???
Thank you so MUCH for your KINDNESS.
Best regards,
Paulinge
Back when the real VW bug was in its heyday, the above was one advertising slogan, and while Im driving a 73 Bug for shopping and fun, I really was thinking more of the ziggies.
Ive attached a chart (minus my usual spaghetti) that shows a full value (magenta) and a half value (white) Ziggy.
This kinda fun points out two things, one of which is very useful for the manual trader, and both for the equity in your account.
Notice the magenta lines --- these represent the FULL move of the ziggy for that swing (cycle, movement -- whatever !) and as the ziggy moves to complete its full cycle (use the center downside one for instance) you will note the price fell (one arrow), consolidated at support (two arrows) moved up on a viagra rush reaching resistance and finally fell, to join the end point of the MAIN downside ziggy (The MINOR ziggy moves are shown by the skinny white ziggy line.
When manual trading, following the WHITE ziggy will maximize profits while reducing drawdowns and is what I tend to do when charged up and wanting to prove to my ferret that I am indeed a great trader and a master of the time/space continuam, while the purple main ziggy will be used when my ferret is asleep and cant see what im doing and how lazy Im being.
Now, when using the FULL (purple, magenta, dusky rose -- whatever !) ziggy, PLEASE NOTICE THE DRAWDOWNS you got as the currency, once it reached that middle area, reversed back to the upside on the viagra rush --- If you had "bet the farm" at the beginning of the downside move, your brokers would probably now be using your equity to buy chicken salad sandwiches for everyone, and you would be seriously considering if you might get away with robbing a bank, simply because that which allowed you to "bet the farm" was margin, and you just wiped it out in a rush of flaming glory ! ("flaming glory" is one of those really old expresions, started in WW1 and applied to the -pilots of those stick and fabric "kites" called aereoplanes that the military flew around. Going down in "flaming glory" was obviously not a good thing if you happened to be in the center of it ---- same goes for your margin !
using the MAIN ziggy sets you up for (sometimes) a really big drawdown, and if you havent been following the rules, Barclays Bank has just inaugurated a new holiday ---- Retail Traders Chicken Salad Day !
so be aware there be two ways of trading this sucker and allow your nether regions to be well covered because there WILL come a time when the currency laughs and snickers, and then moves STRONG in the opposite direction.
Now I state it for me, and for those traders who have reached at least an "intermediate" stage in their capitalistic and greedy careers, but if one had a normal stoploss in place, GONE would be the word used concerning your equity because with almost a 2/3rds retracement back up, pretty much any logical stoploss would have been hit and your trade would be a "loss" instead of a "gain", while you would be the one yelling "stop" !
As Im so fond of saying, the ziggies work as long as you understand they aint magic --- they depend on price movement criteria to move, and sometimes that criteria will change, but if you take a trade in the direction the ziggy is telling you, you may enter early (hours early in some cases) but you HAVE entered in the right direction ! If you are using the H4 or H1, OFTEN the reversal pointed out by the ziggies and its dots WILL NOT REVERSE until midnite, EST, even if you got the dot at 8AM, EST --- before it can move, it has to go thru all the shennagins of the lower timeframes, which takes all day, BUT IT WILL MOVE IN THE DIRECTION IT SAYS ! (just dont sit there watching all day, unless you have absolutely NOTHING else to do !
Just PLEASE PLEASE PLEASE, WATCH YOUR MARGIN and dont try for the moon with a small account (dont try with a BIG one either, or you end up in the newspapers as the supreme example of what not to do, or having words like "rogue trader" attached to your resume which seriously shortens the face time you get with the ladies !)
Phooey -- i forgot the arrows, but youll get the idea.
enjoy and trade well
mpMP,
Please find attached a useful indie, that depicts exactly what you are talking about. Choose the zz external depth, by selecting SR and Main RZZ, so that way you will have 2 zz's in one. If you like arrows, use the second indie
Hey mates,
Just wanted to point you to a reversal pattern that works 80% + of the time.
I have used the sliding channels indie, and have highlighted the important trendline in red, as you see they form a triangle. There are a couple of other patterns--trend continuation, that work well too. I will post them as I see one. Please find the indicators used on the chart below. For chandeliers stops I use lenght 9. It works far better than price channel stop IMO, price channel stop too noisy IMO.Update!!!
Good opportunity to show you a trend contunuation pattern. The initial targets still stand. We now have the two previous channels up and the curent down=trend continuation upon confirmation by the NLMA, price is at a key resistance as you can see, and although I have all this "BUY" orders opened, I am prepared to quickly get out, the probability of going up is 70% now. Let us see how this plays out!!!!
latest EA
V1.4 has a trading time option and only takes longs when price is above megatrend and opposite for shorts.
Hi Folks
Please understand that this system makes money as a manual trading system and I have no wish to pay a coder to code one of my systems and then still make money from it.
If that offends anyone, so be it, but at least it has been said right up front.
This originated after following the Bouncing Pip Thread, found here, and not liking the fact that ZigZag called the shots. So I reversed the logic and placed the trend determination first and only then trade the "Bouncing Pip".
I am not going to discuss the management or exit of the trades, anyone who does code will have a good idea as to what type of exit strategy suits this entry strategy once they understand it and manual coders will choose to exit based on what they see when they see it, much the same way that I do. I exit based mostly on Gut and Vision, this cannot be written into an EA but I am happy discuss options that may or may not be good idea's?
The basics are this;
H4 chart, any pair, although I mostly trade only the EUR pairs manually.
Long Trades
When Mega Trend and Trend Histo are both blue, trade any Red dot that appears as soon as the dot appears, do not wait for the end of the candle.
Short Trades
When Mega Trend and Trend Histo are both Red, trade any Blue dot that appears as soon as the dot appears, do not wait for the end of the candle.
SL is usually 21 or 34, but I vary this depending on my perception of trend strength.
Float is on the chart purely as a visual confirmation, it has a fairly decent ability to pick final Highs and Lows, which helps when I want to load a trade with a few more lots than normal.
This is the basis of the system, please don't fire questions at me about trade management and closing of trades, I do not have the answers, I close on what I see, all I can tell you is that I almost never close the entire trade, but if Trend Histo changes to Yellow, I usually close out half the position and allow the balance to trail with a fixed TS.
The value of the TS is normally anything from 34 to 144 and based purely my perception of the strength of the trend.
Thanks
Wayne
Picture added.
All Indicators used on the chart are posted in this post with the exception of "Magnified Market Price" which is just a visual aid and zigzag_pointerV2 which is purely there to show me any repainting that may occur from Swing_ZZ.Hello, I would like to know if the Trend Histo Indi repaints or not... thanks Dan.
Hello, I would like to know if the Trend Histo Indi repaints or not... thanks Dan.
Yes, but only on the current candle as far as I know?