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KeltnerFlow (By RedRhinoLab )

The user has deleted this system.

KeltnerFlow Discussion

RedRhinoLab
Apr 15 2015 at 12:40
631 posts
What is a breakout?

It is a continuous move larger than the previous range. Often this volatility can be from news releases or simply Central Bank intervention. What is great about these events are that they can be big game changers that reverse the trend completely or offer continuous momentum in that particular direction for massive profits. Once the system identifies the breakout, you enter your position in the same direction as the breakout and KeltnerPro would continue to add more positions in this same direction just like the infamous ForexGrowthBot. How many positions should we enter? That is a question for the backtest results later discussed but it is an option for you to ultimately decide.


Viktory (VictorTous)
Apr 15 2015 at 14:27
107 posts
Great! Let's see how it works 😁

Patience, focus and self-control to win the game with diligence.
RedRhinoLab
Apr 15 2015 at 19:01
631 posts
I am also running on many currency pairs. I didn't expect to get some action within the first few hours. USDCAD resulted in some nice gains and now you can see the dynamic SL and TP working and closing logic working well.

Collainzo
Apr 15 2015 at 19:01
9 posts
this is so cool! it looks very promissing.

Geekbot
Apr 16 2015 at 06:58
3 posts
KeltnerFlow is not available on your purchase page yet...

RedRhinoLab
Apr 16 2015 at 10:04
631 posts
The backtests will be on myfxbook once KeltnerFlow is released,
I just finished a running version and I wanted to get it on an account asap to see how it works.
I'll begin making adjustments and doing backtest over the weekend.
The price will start at 199 and increase on each Version update.
The purchasing link will be available once backtests are uploaded and more information will be placed on the website
https://redrhinofx.com/keltnerflow/

Viktory (VictorTous)
Apr 17 2015 at 06:40
107 posts
I believe that for testing purposes, it would be better to run your EA with a limited number of "max open orders", instead of something as crazy as what happened with USD/CAD, and with a larger "pip-distance" between orders/trades (at least 5 or 10 pips)... Don't you think that?

Patience, focus and self-control to win the game with diligence.
btanalysis
Apr 17 2015 at 10:59
95 posts
Demo tests are only good to check if the bot places trades per the strategy and doesn't have any basic glitches. As you never get slippage, limited liquidity, and spread hikes on demo, the actual profit percentage is irrelevant. I've been immensely successful on demo tests with dozens of EAs only to blow live accounts with the same bots. So this test is more for the developer's reference. I'm eager to see KeltnerFlow tested on a live account with cold hard cash over the same period of time as the original KeltnerPro. Also, I could only locate the graphs of two GU 2013 backtests on the regular MetaQuotes data at the vendor's website at https://redrhinofx.com/keltnerflow/ - I hope the vendor posts his tick data backtests since 01.01.2008 until the present time on all currency pairs used.

RedRhinoLab
Apr 17 2015 at 13:48
631 posts
A big breakout needs to make a lot of money to keep the account in profit while taking small losses on the fake breakout. On a bad 'fake' breakout the system doesn't have the conditions to make a profit and doesn't enter many orders, such as the AUDUSD and EURUSD which we experienced. When we have a real breakout such as the USDCAD, we capture the pips and run all the way to the bank. Thats how the system makes profits.

Cut the Red, Let the Green Grow.

I can add your suggestions, ( max orders already added), distance between orders is easy todo.


RedRhinoLab
Apr 17 2015 at 16:47
631 posts
btanalysis posted:
Demo tests are only good to check if the bot places trades per the strategy and doesn't have any basic glitches. As you never get slippage, limited liquidity, and spread hikes on demo, the actual profit percentage is irrelevant. I've been immensely successful on demo tests with dozens of EAs only to blow live accounts with the same bots. So this test is more for the developer's reference. I'm eager to see KeltnerFlow tested on a live account with cold hard cash over the same period of time as the original KeltnerPro. Also, I could only locate the graphs of two GU 2013 backtests on the regular MetaQuotes data at the vendor's website at https://redrhinofx.com/keltnerflow/ - I hope the vendor posts his tick data backtests since 01.01.2008 until the present time on all currency pairs used.


1. fxopen demo ecn has slippage, partial close(liquidity) and spread hikes.
2. This is not impulsive scalping, the EA trades on M5 open bars.
3. I don't use metaquote data, I import all my data as M1 bars, and convert to all TF's . Tick data isn't needed for such backtesting.
4. A system that doesn't use tick data for logical decisions or use trailing steps don't need tickdata for backtesting. All you need is quality data without missing bars.

https://www.myfxbook.com/strategies/keltnerpro-gbpusd-2013/80355

https://www.myfxbook.com/strategies/keltnerflow-gbpusd-2013/80356

so far the systems are comparable in backtests with keltnerFlow making more pips with higher Profit Factor. Now it is time to make the system as my own just like RevEnginePro.

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