To use chat, please login.
Back to contacts

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

stevetrade (stevetrade)
Jan 15 2015 at 16:24
1408 posts
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

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
vladrac (vladrac)
Jan 15 2015 at 16:31
210 posts
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

vladrac (vladrac)
Jan 15 2015 at 17:24
210 posts
This is how it looked in my side...level 4 ? or should I have coded it to be level 4000, really? what a day....

Attachments:


jsintl
Jan 15 2015 at 20:06
155 posts
how come this account survived and not the other one?

raviluke
Jan 15 2015 at 20:17
167 posts
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.

vladrac (vladrac)
Jan 15 2015 at 20:37
210 posts
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.

braddock
Jan 15 2015 at 21:28
239 posts
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

mendeco
Jan 15 2015 at 21:31
43 posts
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?

bigtraderapp
Jan 15 2015 at 21:32
145 posts
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...

bigtraderapp
Jan 15 2015 at 21:32
145 posts
Compare the USD/CHF, I had the trades Adam had and should of stopped out but no liquidity so broker could not close. My Keltner EA bought when Jared's sold. Now his is doing great.

Please login to comment .