KeltnerPRO - Jared Discussion

Just curious, why do you think the above spikes are broker induced and not the market? I'm curious because all the brokers had about the same spikes, so its more of the market moving than the broker trying to manipulate...

By brokers, I assume you mean the market makers. Brokers don't really influence the price, except locally on their own price feed. The market makers are always manipulating price. That particular spike looks like it was designed to trigger all the breakout traders into the market who were anticipating lows below yesterday. Probably also took out some of the reversal traders who thought they'd called the bottom and were in buy positions with tight stop losses.
Best regards Steve

profix posted:
I don't get it why the vendor didn't allow his own product to do its job. He missed truckloads of profit by closing all trades manually. Not good for him, not good for his customers, which cant compare anymore their result with his 'reference' accounts..

While I can understand your sentiment, it is quite far from the truth. Not good for me? Yes, that would be true. but bad for my customers? That is far from the truth. I was testing out an experimental version that only triggers the breakeven feature when X number of trades are open.

The feature did not work as intended and ended up closing all of the positions instead of just one of them. I tend to test all my updates on my live account before I release them.

Did it end up costing me money? It sure did, but it's something I am willing to sacrifice to ensure my product is working properly.

All of my customers should have received trades that were more profitable than my own. I don't really see the problem here. If it went the other way, I can understand your concern, but seeing as how everyone else's trades were more profitable than my own, it actually undersells the profitability of KeltnerPro.

vladrac posted:
question is how long will take for the Brokers to react to this EA?

Maybe with some crazy moves like what happen during the Advanced GDP announcement today?

on the screenshot, cable , fiber and usdchf

Brokers only react to a strategy when it costs them money. There is no part of KeltnerPro that is abusive to a brokers profit share.

Only dishonest brokers would ever try to find a way to block this strategy. In which case, you should probably stay away from that broker anyway.

keltnerpro posted:

vladrac posted:
question is how long will take for the Brokers to react to this EA?

Maybe with some crazy moves like what happen during the Advanced GDP announcement today?

on the screenshot, cable , fiber and usdchf

Brokers only react to a strategy when it costs them money. There is no part of KeltnerPro that is abusive to a brokers profit share.

Only dishonest brokers would ever try to find a way to block this strategy. In which case, you should probably stay away from that broker anyway.

The market makers though are a different story. And lets face it if you're winning you're either taking money off.

a) The broker, if your broker is the market maker - not a good position to be in.
b) The market makers, if your broker is one of the genuine ECN brokers, which means you are either getting your trade offset by another trader ( unlikely ) or the market makers ( more likely ). Market makers dislike losing money as much as brokers do.

Best regards Steve

stevetrade posted:

keltnerpro posted:

vladrac posted:
question is how long will take for the Brokers to react to this EA?

Maybe with some crazy moves like what happen during the Advanced GDP announcement today?

on the screenshot, cable , fiber and usdchf

Brokers only react to a strategy when it costs them money. There is no part of KeltnerPro that is abusive to a brokers profit share.

Only dishonest brokers would ever try to find a way to block this strategy. In which case, you should probably stay away from that broker anyway.

The market makers though are a different story. And lets face it if you're winning you're either taking money off.

a) The broker, if your broker is the market maker - not a good position to be in.
b) The market makers, if your broker is one of the genuine ECN brokers, which means you are either getting your trade offset by another trader ( unlikely ) or the market makers ( more likely ). Market makers dislike losing money as much as brokers do.

Best regards Steve

Well, do you remember the Million Dollar Pip EA, a really good EA as well. Ofc with a much tigher SL (3pips) and therefore totally dependent on Broker behavior. It lasted only till all Brokers started to counter react it ;)

I am yet to see a real ECN broker that has good spread/spliggages and really work by trading other ppls buys and sells.

But Im glad to be wrong and if anyone can point me to one decent broker. Let me know.

Yeah, it's pretty easy for a broker to mess around with a 3 pip stop loss. Best thing to do is avoid strategies like that or use multiple broker accounts with monitoring to see if you are being manipulated.
Best regards Steve

I believe this 'simple' BO strategy that 90% (or more) are triggered by News is quite solid if you make sure to not enter weak BOs... note that outside the News times, most of the BO reverted.

There are at least 4 things to consider whether or not a real BO was formed. Some obviously this EA is considering , some I think he missed, and those Im applying to my own strategy.

Anyway, I am still thankful to KTPro for finding this one. Crazilly good job so far.

Regards,
Vlad

keltnerpro posted:

profix posted:
I don't get it why the vendor didn't allow his own product to do its job. He missed truckloads of profit by closing all trades manually. Not good for him, not good for his customers, which cant compare anymore their result with his 'reference' accounts..

While I can understand your sentiment, it is quite far from the truth. Not good for me? Yes, that would be true. but bad for my customers? That is far from the truth. I was testing out an experimental version that only triggers the breakeven feature when X number of trades are open.

The feature did not work as intended and ended up closing all of the positions instead of just one of them. I tend to test all my updates on my live account before I release them.

Did it end up costing me money? It sure did, but it's something I am willing to sacrifice to ensure my product is working properly.

All of my customers should have received trades that were more profitable than my own. I don't really see the problem here. If it went the other way, I can understand your concern, but seeing as how everyone else's trades were more profitable than my own, it actually undersells the profitability of KeltnerPro.

Cost you money? I think you meant Costing you some Profit ;)

Anyway, I see ppl complaining from time to time in this thread, but we are talking about EA here, an event like yesterday cant really be counted as normal behavior of the market, try to create an EA that is THAT flexible and you likely will fail... but anyway...what do i know.

Coming back to the whole real ECN broker/Market Makers.

Who would be that insane to SELL USD yesterday? Really? I might be totally off here, but I just cant imagine that happening in a large scale.

Is there a way we can prove that there's really the other side of our trades? Someone that is really buying what we are selling or selling what we are buying?

In that case what is the usual splippage?

vladrac posted:
Is there a way we can prove that there's really the other side of our trades? Someone that is really buying what we are selling or selling what we are buying?

You're pulling my leg now aren't you? Away with you, you scamp!
Best regards Steve

stevetrade posted:

vladrac posted:
Is there a way we can prove that there's really the other side of our trades? Someone that is really buying what we are selling or selling what we are buying?

You're pulling my leg now aren't you? Away with you, you scamp!
Best regards Steve

Not really, thats how Market Makers works... they set the ASK/BID for you, you put the order THEY take it.

Exactly. So they are buying when you are selling and selling when you are buying. They end up with the other end of the 'deal' and you can rest assured that they're going to liquidate their positions at an overall profit.

That's why most retail traders fail, they're fundamentally playing in a weighted game as the market makers have access to information that we don't AND control of the market.

Best regards Steve

stevetrade posted:
Exactly. So they are buying when you are selling and selling when you are buying. They end up with the other end of the 'deal' and you can rest assured that they're going to liquidate their positions at an overall profit.

That's why most retail traders fail, they're fundamentally playing in a weighted game as the market makers have access to information that we don't AND control of the market.

Best regards Steve

;) So again back to my question how long will this Strategy Last? Im just too skeptikal to believe this will go too long without getting noticed.

Its 'just too good to be true' kind stuff. ehehehe

It will last for as long as it lasts and then something else will come along. Enjoy it while it works.

The key is to have a portfolio of strategies/brokers that you use and to understand the performance of each of them so that you can decide that they have stopped working once they stop working.

Best regards Steve

Any other tip for a strategy with good risk/reward ratio?

Most of what I see is big SL, small TP and lots of martingale (or similar) , and lots of ppl adding to losers in hopes it will turn kind of strategy.

Ppl with great performance on a strong trend, just to blow it all out once it reverse, etc.

I see you have many logged in your profile. I'll go over them.

Cheers,
Vlad

Nothing on my profile is available, they were all self written.

I don't give out tips. I used to but then people end up using stuff you recommend and it stops working and they don't stop using it when you do and lose money etc.

There are plenty of things out there, you just need to ensure you do your due diligence and don't put all your eggs in one basket. I use a mix of things - EA's, manual traders, PAMM accounts, trading services.

The key as I say is understanding what performance you are expecting from anything you use so that you can react when it's performance drops.

Best regards Steve

stevetrade posted:
Nothing on my profile is available, they were all self written.

I don't give out tips. I used to but then people end up using stuff you recommend and it stops working and they don't stop using it when you do and lose money etc.

There are plenty of things out there, you just need to ensure you do your due diligence and don't put all your eggs in one basket. I use a mix of things - EA's, manual traders, PAMM accounts, trading services.

The key as I say is understanding what performance you are expecting from anything you use so that you can react when it's performance drops.

Best regards Steve

make sense!