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KeltnerPRO - Jared (By keltnerpro)

Gain : +5645.75%
Drawdown 58.74%
Pips: 4744.8
Trades 1003
Won:
Lost:
Type: Real
Leverage: 1:100
Trading: Unknown

KeltnerPRO - Jared Discussion

spunta
Sep 17 2014 at 12:57
28 posts
Funny that all three of those losing trades you mention are against the trend of the market at the moment....it trades on spikes and when profitable - those spikes (e.g the massive wins on short EURUSD) - were during a massive downtrend for EURUSD. The spike on AUDUSD seems to have been short-term for example and against the trend of the last few days. Maybe an enhancement would be only in the direction of trend over last week / month or something. Of course, then you aren't going to get the same amount of trades per month, but have you ever noticed how even sometimes news doesn't move the price in the way you expect, usually it seems to be because it's against the trend of the last little while (if there is a clear trend). Just a thought....

ralle
Sep 17 2014 at 13:42
27 posts
spunta posted:
Funny that all three of those losing trades you mention are against the trend of the market at the moment....it trades on spikes and when profitable - those spikes (e.g the massive wins on short EURUSD) - were during a massive downtrend for EURUSD. The spike on AUDUSD seems to have been short-term for example and against the trend of the last few days. Maybe an enhancement would be only in the direction of trend over last week / month or something. Of course, then you aren't going to get the same amount of trades per month, but have you ever noticed how even sometimes news doesn't move the price in the way you expect, usually it seems to be because it's against the trend of the last little while (if there is a clear trend). Just a thought....


In MT4 you can force any EA to trade 'long & short' or 'only long' or 'only short' in the general properties...but I think you know this already ;-)

Work to live - not live to work
BluePanther (BluePanther)
Sep 17 2014 at 19:20
1354 posts
spunta posted:
Funny that all three of those losing trades you mention are against the trend of the market at the moment....it trades on spikes and when profitable - those spikes (e.g the massive wins on short EURUSD) - were during a massive downtrend for EURUSD. The spike on AUDUSD seems to have been short-term for example and against the trend of the last few days. Maybe an enhancement would be only in the direction of trend over last week / month or something. Of course, then you aren't going to get the same amount of trades per month, but have you ever noticed how even sometimes news doesn't move the price in the way you expect, usually it seems to be because it's against the trend of the last little while (if there is a clear trend). Just a thought....


Thanks for the analysis. I hadn't noticed that, but I have noticed how each trade has the comment 'Kelner Pro'.

Do I have the authentic EA, or is this a rip-off copy? You would think I purchased 'Kelner' Pro and not the 'Keltner' Pro EA.

Well Jared?

Irishmist
Sep 17 2014 at 20:02
136 posts
I stopped the EA It killed me today its got stopped out on every single trade while they where good. seems like the strategy needs to be optmized or off. I could do a lot better trading manually on the news rtaher than use this strategy.

profix
Sep 17 2014 at 22:15
131 posts
Irishmist posted:
I stopped the EA It killed me today its got stopped out on every single trade while they where good. seems like the strategy needs to be optmized or off. I could do a lot better trading manually on the news rtaher than use this strategy.


Than trade manually! LOL

gftcfd
Sep 18 2014 at 00:41
106 posts
10 loss in a row now.

Professor53
Sep 18 2014 at 02:13
795 posts
I bet its set too aggressive without a draw back.

Click on my Name to see My Live Charts and Bio.
spunta
Sep 18 2014 at 07:21
28 posts
In MT4 you can force any EA to trade 'long & short' or 'only long' or 'only short' in the general properties...but I think you know this already ;-)

Good point....

vladrac (vladrac)
Sep 18 2014 at 10:22
210 posts
As any other EA in the market , its just a matter of time till the 'system' starts to play against you. Same was with teh MDP, seems like the fun with this one is also gone.

Not only you have to lower your risk per Trade, I'd change the settings for the band calculation and level to consider the BO higher, to avoid so many False BO.

For that you need to code your own EA. And frankly speaking the logic on this one is reaaaally simple!.

Btw, take a look at the EURUSD buy he took at 12:30!!!! 15min Before the price CLEARLY spiked, but again CLEARLY revert and this EA, also clear detects the spike... and take the action 3 bars later!!! Despite what happen in between these 15min!!!!

That is not smart to say the least!!! So, this EA as it is... its now Dangerous!

I coded the same logic into a personal EA... mine did got triggered on the GBPUSD (the price kept raising after the spike), but NOT for the EURUSD (which clearly didnt ... ;) )

Cheers,
Vlad

vladrac (vladrac)
Sep 18 2014 at 11:14
210 posts
Another interesting fact though its not really related to the performance of the EA is the profit % in the last months,

In June it grew, then it was 7% lower, then 6% lower, now 5% lower at only 2% profit so far ;), if things keep going next month it would be -2% ;)

But that is just a joke comment ofc! ;)


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