
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
I agree with Reshetov, the tactics are primitive and with the right selection of pairs and a large depo allowing for drawdown the risks are always hedged
The one who wants seeks the opportunities. Who does not want looks for the reasons.
The figure shows trends conventionally. Selling is shown with red circles, buying with blue. We can see that until the trend reaches the top (red arrows), the Expert Advisor will buy or close short. Until the trend reaches the bottom (blue arrows), it will sell or close long. If the Expert Advisor has already been short or long, then at the very beginning of the counter-trend movement, it will slowly take profits off by closing. If there weren't any, each trend continuation will increase drawdown, because on rising the old short positions will go down and new short ones will open, and on falling trend the same thing will happen with long positions. And the drawdowns up to the turning points will only increase.
If the proper technoanalysis is applied, then sales will be at the tops and purchases at the bottoms (or close to the turning points). In this case the drawdown will be equal to the spread (or a little more than it). If the technical analysis is not very perfect, for example due to naked adjustment to the history, then a part of counter-trend orders will be rejected anyway, but the drawdown will be much lower comparing to the bare tactics.
Generally the point comes down to the fact that if there is a workable tactics (strategy, system), then if its disadvantages are correctly analyzed, we can find many methods allowing us to reduce these very disadvantages to some extent.
Besides, no one banned technical analysis. After all, drawdowns are obtained due to the fact that advisors make trades against the trend
Besides, no one has forbidden technical analysis.
And if the market is always wrong, then why not make it even more guilty by means of technical or (or) fundamental analysis? Let him pay for it, the scoundrel. We've had enough of crises and inflation and belief in false economic theories. It's payback time!
// And if the market is always wrong, why not make it even more culpable with technical or (or) fundamental analysis? Let him pay for it, the bastard.
Imagine that this is a soviet mentality and such people work in DCs.
As for the brokers, they have a different approach to this kind of market. in my experience, the fx market is much easier to deal with than in Forex. in fact, neither technical nor fundamental analysis is necessary.
I mean the classic business. one can always earn more with innovation than the others.
I am currently looking for innovative solutions.
I do not mean that arbitrage is an innovation.
I read the forum and think, well, why are people so intolerant of others? You see a mistake, tell them slowly and everyone will understand. You can find a log in everyone's eye. And then there's the "Arbitration is not Arbitration." What's the difference ......? Who needs to prove anything to anyone. ... Does it matter? Those who like something will understand it or offer suggestions on how to improve this or that idea. More proposals, more opportunities. More results from tests and improvements to this or that product. This forum was probably not created for shouting and swearing, but for something better. I do not mean to imply anyone, just a general impression of the thread.
Mr. Reshetov, do you think your Expert Advisor can be upgraded effectively? Suppose we can add to it an optimizing variable limiting the number of unidirectional (consecutive) orders. As I see it, if such a situation happens, then we are entering a prolonged trend, which is fraught with risks. Or maybe we should introduce a trend indicator which would limit placing of orders, or even limit orders according to the trend?
Perhaps, this is nonsense, but as CDR has rightly said, we have to search for it, find and test it. And there is enough idle chatter.
Thanks!
Sincerely!
Whoever likes something will figure it out for themselves or suggest how to improve this or that idea.
Mr. PahaThe vast majority of those who read this forum do not have the means to understand it, let alone suggest improvements.
They don't have time, desire, knowledge of mathematics or MQL, or other reasons, and what they have is irrelevant. It's neither good nor bad, it's just the way life is. The point is that those who don't have the ability to figure it out are easily misled, with all that implies. And the purpose of the discussion is so that participants (all, including passive) can broaden their understanding. Then more experience, knowledge and the desire to offer your own version will emerge - which is exactly what you stand for.
If you with such ideas would go to the bazaar, where the seller is trying to swindle the buyer, you would immediately be accused of aiding and abetting the swindler. Think about it.
Mr. Reshetov, do you think it is possible to upgrade your Expert Advisor? Suppose we add an optimizable variable limiting the number of unidirectional (consecutive) orders. I understand that if such a situation arises, we have entered a prolonged trend, which is fraught with risks. Or, maybe we should introduce a trend indicator that would limit placing of orders, or even place orders following the trend?
But this paragraph in your post shows that you have not yet given yourself the trouble to understand the issue.
And I, on your advice, quietly tell you (I hope Mr. Reshetov is not offended that I answer for him).
You can modernize anything, especially if you know how, though it's not obligatory, you can do it without knowing. :-)
Mr Reshetov didn't do it from the beginning, because (like me, his opponents and many others, who have already understood something) he does not know what is a trend and he does not have an adequate indicator for its identification. But he (as well as we) knows that no matter in what place we are in the trend, we can never say with any certainty that it will last longer, and the opposite is true, that the trend is over.
But if you know what a trend is or have an indicator to determine it, it would be great if you could share that knowledge with us. It would considerably reduce the amount of idle chatter.
IMHO, the only way this strategy can be applied is as part of a carry-trade. This is where the long-awaited positive MO is, which can be explained logically and fundamentally. You should only open in the direction of positive swaps and on those pairs where they are maximal. Of course, these tactics should be adjusted to the carry-trade strategy. Positions either close on the plus side or swap. The main thing is to calculate the lots correctly.
.
Mr. Reshetov, do you think it would be possible to upgrade your EA? Suppose we add to it an optimizable variable limiting the number of unidirectional (consecutive) orders. As I see it, if such a situation happens, then we are entering a long trend, which is fraught with risks. Or, maybe we should introduce a trend indicator that would limit placing of orders, or even place orders following the trend?
Well, this paragraph in your post shows that you haven't yet given yourself the trouble to understand the question.
And I, on your advice, am quietly telling you (I hope Mr. Reshetov is not offended that I am answering for him).
That I am not a specialist, I am not hiding it. So I just asked about what I am interested in. There are two different points in my question and both assumptions, one about the number of orders and the other about the trend. And if this gives anyone a good idea, I'd be glad. The experts will separate the grains from the chaff.
If you are an expert - Thank you very much for the answer! ( And thanks for the quiet :-) - just kidding )
With respect!
And maybe you can give me an answer to one more question? If you have 4 or 5 orders of 20 pips each per day, it is considered as Pips or not.
I have always thought that it is pipswise order of 20-30 pips and 7-8 points each. I am probably wrong. You may be wrong. I would like to explain in details.
I have no idea what to do with this kind of thing.