KeltnerPRO - Jared Discussion

You can't really blaim Keltner for a black swan event. I've spoken to several of my brokers in a frantic last few hours and they all said liquidity providers pulled the feeds. I still have positions opened with FXDD that they won't shut on Chf pairs.

The account blew simply because it was impossible for the trades to close. I myself have two blown accounts, but also some account s with good profits.

Best regards Steve

Wow how did the other account blow and yet this account while suffering negative trades today has 3 trades in huge profits aka $42,000 on USDCHF at 7.7 lots each. These 3 trades below does everyone else have these open on their accounts?

01.15.2015 12:15 USDCHF Sell 7.70 0.89883 19652.81 223.70 0.0 +20.26%
01.15.2015 12:30 USDCHF Sell 7.70 0.8879 10050.43 114.40 0.0 +10.36%
01.15.2015 12:45 USDCHF Sell 7.70 0.89148 13195.58 150.20 0.0 +13.60%
Total: 23.10 $42898.82 488.30 0.00 +44.22%

It's down to individual broker feeds, some of them locked out entirely during the morning which affected the ability to open and close trades.

I'm pretty sure that individual brokers would have also been showing completely different prices which would have triggered trades for some and not for others.

This morning was literally a game of roulette.

Best regards Steve

stevetrade posted:
It's down to individual broker feeds, some of them locked out entirely during the morning which affected the ability to open and close trades.

I'm pretty sure that individual brokers would have also been showing completely different prices which would have triggered trades for some and not for others.

This morning was literally a game of roulette.

Best regards Steve

Actually I do see now what happen...and this is not the first time the SNB shaked the market and made huge moves of over 500-1000pips... If you were trading forex back many years ago you will remember that too.

Ive seen ppl using that example when discussing whether or not to use SLs, or even if those would always be honored.

thats the risk with any trading actually if no one take the other end of your trade...what then?

And this one indeed came as a surprise from source. The FX Calendar event was added to the different calendar 107 minutes before release time; And came as a blast...

Any lessons out of this one?!? I guess is the same old... this is a risky business, keep your accounts short...and that all you will lose in such crazy times..

stevetrade posted:
You can't really blaim Keltner for a black swan event. I've spoken to several of my brokers in a frantic last few hours and they all said liquidity providers pulled the feeds. I still have positions opened with FXDD that they won't shut on Chf pairs.

The account blew simply because it was impossible for the trades to close. I myself have two blown accounts, but also some account s with good profits.

Best regards Steve

stevetrade posted:
You can't really blaim Keltner for a black swan event. I've spoken to several of my brokers in a frantic last few hours and they all said liquidity providers pulled the feeds. I still have positions opened with FXDD that they won't shut on Chf pairs.

The account blew simply because it was impossible for the trades to close. I myself have two blown accounts, but also some account s with good profits.

Best regards Steve

Thanks for explaining 'Black Swan' event. I have had this issue of chart skipping in the past and I just thought the market moved so fast that it was unable to be captured. Now I know it is because of the liquidity provider.

I also publicly apologize for the negative comments directed towards you in the past from me. My apologies. :)

Jared account also taking a dump. What a turnaround. Going to wake up to a nasty surprise

I agree, even if Im not always on the same page as Steve ;), his comments here are always in a positive way trying to help the other members of this forum to get the best out of these systems!

Thanks for that!

raviluke posted:

stevetrade posted:
You can't really blaim Keltner for a black swan event. I've spoken to several of my brokers in a frantic last few hours and they all said liquidity providers pulled the feeds. I still have positions opened with FXDD that they won't shut on Chf pairs.

The account blew simply because it was impossible for the trades to close. I myself have two blown accounts, but also some account s with good profits.

Best regards Steve

Thanks for explaining 'Black Swan' event. I have had this issue of chart skipping in the past and I just thought the market moved so fast that it was unable to be captured. Now I know it is because of the liquidity provider.

I also publicly apologize for the negative comments directed towards you in the past from me. :)

By the way, as I mentioned, guess when was the last shake created by teh SNB.

It was actually when it put the CAP on the franc in 2011, based on an article, The move immediately knocked about 8 percent off the value of the franc

check www.reuters.com : 'Swiss draw line in the sand to cap runaway franc' from 2011.

Now, they took it out, and bang, another insane market reaction.

Happy piping!

Cheers,
Vlad

I noticed how ICMARKETS and PEPPERSTONE didn't have this 'Black Swan' problems. The charts are complete on them. I guess, brokers with low liquidity are having this problem.

Fxcm and Lmax both had the feeds pulled , nothing to do with size

People often don't agree with each other. As long as disagreement is done in a civil manner I don't mind. I am sometimes abrupt and present things as facts when they aren't so I can understand I rub people up the wrong way. My wife has been trying to knock it out of me for years. :)

I think the way that the liquidity providers work is that they prioritise liquidity to the brokers who provide them with the largest client base. So therefore the larger brokers will get the liquidity first during such events. In this case though for a while there was no liquidity, nobody had a clue what the price of the Chf pairs should be - I think this has taken a lot of people by surprise and will take brokers, hedge funds, traders and possibly even liquidity providers out of the market. Haven't seen crazy moves like this in a long time.

Best regards Steve

stevetrade posted:
People never agree with each other. As long as disagreement is done in a civil manner I don't mind. I am sometimes abrupt and present things as facts when they aren't so I can understand I rub people up the wrong way. My wife has been trying to knock it out of me for years. :)

I think the way that the liquidity providers work is that they prioritise liquidity to the brokers who provide them with the largest client base. So therefore the larger brokers will get the liquidity first during such events. In this case though for a while there was no liquidity, nobody had a clue what the price of the Chf pairs should be - I think this has taken a lot of people by surprise and will take brokers, hedge funds, traders and possibly even liquidity providers out of the market. Haven't seen crazy moves like this in a long time.

Best regards Steve

Browse the different forum threads here, a LOT of ppl lost a LOT of cash today. :(

Been more than 4y since I saw something like this...but EA wise... isnt it feasible to add a line that avoids this?

I mean usually the expected breach over a channel is in the order of dozes of pips, not hundreds... move of such nature are likely better to be avoided. ?

On my Million Dollar PIP like EA , I noticed that...and I had 4 levels (as you see in the indicator I posted bf which is basically the same logic - breakout detection) and level 4 was actually used to NOT trade... if it went to far from the channel.

Any thoughts?

Cheers,
Vlad

This is how it looked in my side...level 4 ? or should I have coded it to be level 4000, really? what a day....

how come this account survived and not the other one?

jsintl posted:
how come this account survived and not the other one?

The other account drowned because of excessive HUGE lots. 14 lots per trade which were set manually, and all of a sudden a bunch of trades opened up altogether that followed the suite to destruction.

raviluke posted:

jsintl posted:
how come this account survived and not the other one?

The other account drowned because of excessive HUGE lots. 14 lots per trade which were set manually, and all of a sudden a bunch of trades opened up altogether that followed the suite to destruction.

Thats a good point, fixed lots on a EA are indeed dangerous on a set of loser trades.

Anyway, whatever is the outcome of today does not tell anything about the strategy of the EA itself, as said bf.

But, does give us quite a few things to keep in mind for the future.

vladrac posted:

BigSteve posted:
Hi Vlad there was no indicator attached

I added a link to where to get it but , as it was in a "competitor" website, ForexFactory , I guess it was removed.

Let me post it here with the comments as well.

Anyway, its just an indicator with alert option.

Cheers,
Vlad

hi Vlad,

many thanks for the indi
how do you set the sl and the tp about with this indi

raviluke posted:
I noticed how ICMARKETS and PEPPERSTONE didn't have this "Black Swan" problems. The charts are complete on them. I guess, brokers with low liquidity are having this problem.

Actually ICMARKETS had the same problem as other brokers today. Spread was at 200 pips in average on usdchf (and maybe eurchf but I was not watching it real time) for a long time, meaning more than 10' and later on it was at 60 pips in average...

I can understand that the problem with this EA was because of the spread and the absence of the liquidity providers, I had a very similar problem today with a trending robot and I could stop my EA just in time to avoid the default but suffered a heavy DD.

On the programming side: a check on the spread before entering maybe could fix this problem? I will also work on limiting the daily DD (so that if a certain level of daily DD is reached it will stop trading and I will not need to enter the vps and stop the robot manually). Could those kind of solutions also have resolved your today's problems/difficulties?

raviluke posted:

jsintl posted:
how come this account survived and not the other one?

The other account drowned because of excessive HUGE lots. 14 lots per trade which were set manually, and all of a sudden a bunch of trades opened up altogether that followed the suite to destruction.

Jared has diff trades than Adams...