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KeltnerPRO - Jared (Por keltnerpro)
| Ganho : | +5645.75% |
| Drawdown | 58.74% |
| Pips: | 4744.8 |
| Trades | 1003 |
| Ganhou : |
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| Perdeu : |
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| Digitar : | Real |
| Alavancagem: | 1:100 |
| Trading : | Desconhecido |
Discussão KeltnerPRO - Jared
forex_trader_190177
Membro Desde May 12, 2014
21 postagens
Apr 07, 2015 at 14:32
gftcfd posted:giangian posted:
Jared, can you just fix it yourself and release an update for your customers?
I'm having losses with your EA lately, identical to your own live account. I don't know what their cause is. Every time there's a breakout, the EA opens a trade or two, then the price reverses, and the trades close in a loss. 😞
Hello Giangian,
just try to trade in "RED" news events, it will have better result.
Thanks for the tip. I am not a professional trader, so I just leave the EA running on my VPS 24/7, just like Jared does, and then compare his trades to mine. If there was some kind of a "red events" filter option in the EA parameters, I would definitely consider using it.
Membro Desde Feb 08, 2013
57 postagens
Apr 07, 2015 at 14:47
giangian posted:
Jared, can you just fix it yourself and release an update for your customers?
I'm having losses with your EA lately, identical to your own live account. I don't know what their cause is. Every time there's a breakout, the EA opens a trade or two, then the price reverses, and the trades close in a loss. 😞
It is called stop hunting my friend...
8monthes i ask vendor a hide stop loss feature and to add a setting to add some pips to SL (number of pips choosen by customer)
but there are also false breakout it is market too my friend
Membro Desde Aug 21, 2013
25 postagens
Apr 07, 2015 at 15:17
kids forget stops hunting.. broker can't move whole market..
Trade what you see, not what you think.
Membro Desde Nov 23, 2010
99 postagens
Apr 07, 2015 at 16:20
I don't know how writing lower volume bars into the EA would compensate for loss or filter out fake outs. Was it not the same EA code that made lots of money in the past? Maybe it would help, but maybe not. Lets consider that cautious money has stepped to the side due to the Greece resolution and the fact that the EU uses weekend trading to drop the bomb on the rest of us. Banks trade over the weekend and we are not allowed to trade those days. Maybe take a break for a while. The EU is swirling around the top of the toilet bowl waiting for Merkel to push the flush button. Smart money knows volume is down and could already be using order flow techniques to beat the double f**k out of us. Be patient. Wait and win. Things are not going anywhere. Take a vacation for now and use Keltner when Greece's dilemma is completed.
Membro Desde Nov 20, 2014
91 postagens
Apr 07, 2015 at 16:49
(editado há Apr 07, 2015 at 16:52)
BigSteve posted:
I don't know how writing lower volume bars into the EA would compensate for loss or filter out fake outs. Was it not the same EA code that made lots of money in the past? Maybe it would help, but maybe not. Lets consider that cautious money has stepped to the side due to the Greece resolution and the fact that the EU uses weekend trading to drop the bomb on the rest of us. Banks trade over the weekend and we are not allowed to trade those days. Maybe take a break for a while. The EU is swirling around the top of the toilet bowl waiting for Merkel to push the flush button. Smart money knows volume is down and could already be using order flow techniques to beat the double f**k out of us. Be patient. Wait and win. Things are not going anywhere. Take a vacation for now and use Keltner when Greece's dilemma is completed.
========
What happened in the past is history, its about keeping up with the times.......
Last years setups have nothing to do with this weeks trading....
This EA need serious upgrades..........
its not making money...... just coz 1 spike in jan made it look good, its not consistent and does not pay the bills.........
NO ONE can depend on making a living of results like this
=========================================================================
Membro Desde Feb 08, 2013
57 postagens
Apr 07, 2015 at 19:42
starteris posted:
kids forget stops hunting.. broker can't move whole market..
Do you live in bisounours town my friend?
forex_trader_190177
Membro Desde May 12, 2014
21 postagens
Apr 07, 2015 at 19:57
starteris posted:
kids forget stops hunting.. broker can't move whole market..
How much do their quotes have in common with those of the actual market out there? 😈
forex_trader_190177
Membro Desde May 12, 2014
21 postagens
Apr 07, 2015 at 19:58
BigSteve posted:
I don't know how writing lower volume bars into the EA would compensate for loss or filter out fake outs. Was it not the same EA code that made lots of money in the past? Maybe it would help, but maybe not. Lets consider that cautious money has stepped to the side due to the Greece resolution and the fact that the EU uses weekend trading to drop the bomb on the rest of us. Banks trade over the weekend and we are not allowed to trade those days. Maybe take a break for a while. The EU is swirling around the top of the toilet bowl waiting for Merkel to push the flush button. Smart money knows volume is down and could already be using order flow techniques to beat the double f**k out of us. Be patient. Wait and win. Things are not going anywhere. Take a vacation for now and use Keltner when Greece's dilemma is completed.
As you look at today's losing trades, they would have all ended up in profit if the SL was a little bit wider. So there at least should be such an option to set it in the EA's parameters in accordance with the user's personal preferences.
Membro Desde Aug 21, 2013
25 postagens
Apr 08, 2015 at 11:32
if broker hunting your stops, than this is shit broker, and they don't release your trades to real market.. And
One broker can't move whole market :)
One broker can't move whole market :)
Trade what you see, not what you think.
Membro Desde May 08, 2014
49 postagens
Apr 08, 2015 at 12:54
walteremslie posted:BigSteve posted:
I don't know how writing lower volume bars into the EA would compensate for loss or filter out fake outs. Was it not the same EA code that made lots of money in the past? Maybe it would help, but maybe not. Lets consider that cautious money has stepped to the side due to the Greece resolution and the fact that the EU uses weekend trading to drop the bomb on the rest of us. Banks trade over the weekend and we are not allowed to trade those days. Maybe take a break for a while. The EU is swirling around the top of the toilet bowl waiting for Merkel to push the flush button. Smart money knows volume is down and could already be using order flow techniques to beat the double f**k out of us. Be patient. Wait and win. Things are not going anywhere. Take a vacation for now and use Keltner when Greece's dilemma is completed.
========
What happened in the past is history, its about keeping up with the times.......
Last years setups have nothing to do with this weeks trading....
This EA need serious upgrades..........
its not making money...... just coz 1 spike in jan made it look good, its not consistent and does not pay the bills.........
NO ONE can depend on making a living of results like this
=========================================================================
Many people make suggestions that do not always work. I look into them and make a decision for myself.
Volume filter is not reliable.
If you look at the trend for Keltnerpro, it has been exactly the same for the last year. Your patience is rewarded with big wins that compensate for the loses.
One bad three week patch is not enough to say Keltnerpro needs updates. It has had bad months in the past and without any serious modifications to the strategy, it
recovered just fine.
I'm not opposed to updating the EA, but I also try not to act rashly as changing an effective strategy too quickly can ruin it.
Expert advisors exist to remove emotion from the equation. Let keltnerpro do the work for you. Loses are part of the game. I'm more concerned with long term profitability.
Membro Desde May 08, 2014
49 postagens
Apr 08, 2015 at 13:14
If anyone is worried about the EU, you have several options. You can stop trading until the situation is resolved.
You can leave the EA running and make use of the features that exist such as breakeven, max number of trades and pause minutes. Setting breakeven to true, max number of trades to 1 and pause minutes to 240 would help protect your account in the event of huge sudden movement. Assuming stop losses are honored and you're trading on three pairs, eurusd, gbpusd and usdchf, the most you would stand to lose per single set of trades would be 180 pips. The potential for gain however would not be capped.
You could trade less pairs for the time being.
And lastly, you could just leave it running as I plan to do.
You can leave the EA running and make use of the features that exist such as breakeven, max number of trades and pause minutes. Setting breakeven to true, max number of trades to 1 and pause minutes to 240 would help protect your account in the event of huge sudden movement. Assuming stop losses are honored and you're trading on three pairs, eurusd, gbpusd and usdchf, the most you would stand to lose per single set of trades would be 180 pips. The potential for gain however would not be capped.
You could trade less pairs for the time being.
And lastly, you could just leave it running as I plan to do.
forex_trader_190177
Membro Desde May 12, 2014
21 postagens
Apr 08, 2015 at 13:38
"forexstriker" has shown us an example of the USDCHF debacle on January 15, 2015 as an illustration why a volume filter is necessary, with a screenshot of the actual bars and their falling volumes. It is part of the very definition of breakout that a breakout is a sharp price movement supported by growing (not falling!) volume. Can you show us an example (in a similar way - with a screenshot) of a situation when such a volume filter would actually be harmful to KeltnerPro's trading?
forex_trader_190177
Membro Desde May 12, 2014
21 postagens
Apr 08, 2015 at 13:42
"Assuming stop losses are honored" - as your FXChoice experience has shown you, stop-losses are irrelevant in such situations. When there's no liquidity, they cannot be executed.
Membro Desde Feb 08, 2013
57 postagens
Apr 09, 2015 at 18:41
(editado há Apr 09, 2015 at 18:42)
keltnerpro posted:walteremslie posted:BigSteve posted:
I don't know how writing lower volume bars into the EA would compensate for loss or filter out fake outs. Was it not the same EA code that made lots of money in the past? Maybe it would help, but maybe not. Lets consider that cautious money has stepped to the side due to the Greece resolution and the fact that the EU uses weekend trading to drop the bomb on the rest of us. Banks trade over the weekend and we are not allowed to trade those days. Maybe take a break for a while. The EU is swirling around the top of the toilet bowl waiting for Merkel to push the flush button. Smart money knows volume is down and could already be using order flow techniques to beat the double f**k out of us. Be patient. Wait and win. Things are not going anywhere. Take a vacation for now and use Keltner when Greece's dilemma is completed.
========
What happened in the past is history, its about keeping up with the times.......
Last years setups have nothing to do with this weeks trading....
This EA need serious upgrades..........
its not making money...... just coz 1 spike in jan made it look good, its not consistent and does not pay the bills.........
NO ONE can depend on making a living of results like this
=========================================================================
Many people make suggestions that do not always work. I look into them and make a decision for myself.
Volume filter is not reliable.
If you look at the trend for Keltnerpro, it has been exactly the same for the last year. Your patience is rewarded with big wins that compensate for the loses.
One bad three week patch is not enough to say Keltnerpro needs updates. It has had bad months in the past and without any serious modifications to the strategy, it
recovered just fine.
I'm not opposed to updating the EA, but I also try not to act rashly as changing an effective strategy too quickly can ruin it.
Expert advisors exist to remove emotion from the equation. Let keltnerpro do the work for you. Loses are part of the game. I'm more concerned with long term profitability.
you are right but everytime it is the same prices reverse until our stops losses because liquidity providers stop hunt it is easy they dont want to lose money and all brokers send same orders with same stops because a lot of people use keltnerpro! just add hide stop loss feature and possibility for customer to add some pips to SL (on/off feature with number of pips chosen by the customer)
a lot of trades would be positive that way !
but i repeat myself
remember when your EA was private you got less drawdown, a lot of trades were winners! yes why? because LP did not stop hunt because not a lot of people used this EA as simple as that
remember MDP it was the same it worked some years ago and brokers or LP killed it !!!
Membro Desde May 20, 2011
694 postagens
Apr 10, 2015 at 09:22
You guys dont understand I think. this system only wins roughly HALF the time, so a coin flip?
If you guess heads correctly you win 2 dollars , if you guess heads and tails comes up you pay 1 dollar to other guy and 10 cents to house for letting you play.*ENTER SYSTEM EDGE* SO given those odds you can FAIRLY say that is a GREAT EDGE if you give it a long enough sample size. *ENTER PATIENCE*
The thing with trading is that you never know when you will get a string of losses or a string of winners, it can be random! That is just the market. You guys think it is better to have a lot of winning trades and keep adding up like a monthly income job always consistent pay check. Trading ISNT that! *ENTER THE OBSERVER*
Now if you broker is slow to execute or you enter when the spread has widenend from 2pips to 20pips then we start to have a problem. That is where 'a good trader' comes into play.
If you guess heads correctly you win 2 dollars , if you guess heads and tails comes up you pay 1 dollar to other guy and 10 cents to house for letting you play.*ENTER SYSTEM EDGE* SO given those odds you can FAIRLY say that is a GREAT EDGE if you give it a long enough sample size. *ENTER PATIENCE*
The thing with trading is that you never know when you will get a string of losses or a string of winners, it can be random! That is just the market. You guys think it is better to have a lot of winning trades and keep adding up like a monthly income job always consistent pay check. Trading ISNT that! *ENTER THE OBSERVER*
Now if you broker is slow to execute or you enter when the spread has widenend from 2pips to 20pips then we start to have a problem. That is where 'a good trader' comes into play.
forex_trader_190177
Membro Desde May 12, 2014
21 postagens
Apr 10, 2015 at 17:13
FXtrader2010 posted:
You guys dont understand I think. this system only wins roughly HALF the time, so a coin flip?
If you guess heads correctly you win 2 dollars , if you guess heads and tails comes up you pay 1 dollar to other guy and 10 cents to house for letting you play.*ENTER SYSTEM EDGE* SO given those odds you can FAIRLY say that is a GREAT EDGE if you give it a long enough sample size. *ENTER PATIENCE*
The thing with trading is that you never know when you will get a string of losses or a string of winners, it can be random! That is just the market. You guys think it is better to have a lot of winning trades and keep adding up like a monthly income job always consistent pay check. Trading ISNT that! *ENTER THE OBSERVER*
Now if you broker is slow to execute or you enter when the spread has widenend from 2pips to 20pips then we start to have a problem. That is where 'a good trader' comes into play.
That's exactly what has been brought up by other people in this thread - a losing streak can last for a whole of two years and wipe out as much as 60% of the account's equity, like it did on GU in 2010-2011 (see the BT graph below). With hardly any settings open for adjustment in the EA parameters, one can only watch their account equity melt over this time. And there's nothing to suggest that a losing streak cannot last even longer than this. As an old wisdom goes, "markets can stay irrational for longer than you can stay solvent".
All of this week's losing trades would have closed in profit if the bot didn't prematurely close them out in the negative on breakout corrections. Yet there's no way for a user to select a wider SL or a tighter TP in the EA settings.
What's that great "$100 to $100000" EA you're running on your Pepperstone account?
Membro Desde Aug 22, 2014
17 postagens
Apr 11, 2015 at 09:48
I don't think EA works? as per Jared result mine didn't match? same EA running 24/7
he makes mony and we lost?
wow...realy he made money or is just fake result? believe it or not?
he makes mony and we lost?
wow...realy he made money or is just fake result? believe it or not?
Membro Desde Oct 23, 2014
77 postagens
Apr 11, 2015 at 10:29
been using this ea for 6 months with good results.as discussed this ea has one major problem is the stop loss should be more.i dont know exactly but maybe 60 -100 pips.testing will show.so many trades over this time have been stopped out then trend continues.in fact just about every trade reverses on exact entry.you could in fact have a reverse trade as well; collect 20-40 pips and wait for normal trades to go in trend direction.as we know ea wins about 50% trades with 1-2 risk/reward ratio.with bigger stop loss and nothing else;i can see easily 70%-90% winning rate.with adjusting breakeven even higher.as seen before the trend is nearly always right.i understand why jared does not want any changes at moment as results speak for them selves.as for the black swan chf debacle ;you cant blame jared for that.people with many brokers still got smashed.nothing you can do do to coding will work if there are no people willing to trade.all i can think of is maybe turn of ea close trades when there are un -planned news statements.
Membro Desde Mar 02, 2013
229 postagens
Apr 11, 2015 at 10:49
subway posted:
I don't think EA works? as per Jared result mine didn't match? same EA running 24/7
he makes mony and we lost?
wow...realy he made money or is just fake result? believe it or not?
In my case the EA works. Slowly but surely.
https://www.myfxbook.com/members/ricki72/rickis-keltnerpro/947997
Entry_Filter and Breakeven are set to true.
And i am not a "friend of Jared".
The differenece between who your are and who you would like to be be is what you do
forex_trader_67253
Membro Desde Feb 26, 2012
92 postagens
Apr 12, 2015 at 10:41
rickyb posted:
as for the black swan chf debacle ; you cant blame jared for that.people with many brokers still got smashed. nothing you can do do to coding will work if there are no people willing to trade.
Nassim Nicholas Taleb, the financier who coined the very term "black swan", in his article "The Black Swan of Cairo" asks this question: "Why is surprise the permanent condition of the U.S. political and economic elite?" Indeed, "black swans" do occur all the time, we just don't know when is the next one.
As for the January 15 USDCHF disaster, it was even somewhat predictable: the massive ECB QE program was already announced by then and there was no way in heaven the SNB could sustain the 1.20 EURCHF peg with that QE program in place.
Actually, big news that lead to big price movements later transforming into new trends is what gives this EA an edge with regards to the timing of its market entry, with the other one being its RR ratio. There's a known trading theory which KeltnerPro's authors successfully exploit: even if you enter the market randomly but with the TP target twice the size of your SL every time, you will survive in the long run. If you further have some sort of an edge (such as entering the market not randomly but only on breakouts, like is the case here), you will be a sure winner over a series of at least 20 trades per trading instrument.
Knowing this bot trades on big sharp movements, it's foolish of the vendor not to have a simple failsafe such as the earlier discussed volume filter which would determine if we have a genuine volume-supported breakout or an acute liquidity deficit BEFORE any trades are placed.
The volume filter can be added as an option in the EA parameters. Whoever doesn't like it, would simply be able to switch it off by setting it to "false". We could even immediately see its benefits from the USDCHF January tick data backtest due to the way MT4 calculates volume in bars (as a total of ticks, or price movements, within a bar).
I could add this option to the code myself but I don't have it. Jared is all right, sure, he doesn't trust us, and I can only wish he adds that option to the code himself for the sake of his clients many of whom had their accounts wiped out on January 15 (and so did he with FXChoice) while they could have instead easily doubled them risk-free.
