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FX Rogue Wave 2.1 Mod3 MT4 625 (bei forex_trader_20011)
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FX Rogue Wave 2.1 Mod3 MT4 625 Diskussion
forex_trader_20011
Mitglied seit Oct 08, 2010
407 Posts
Apr 11, 2014 at 02:41
Yeah, but I hate when I goof up on the math. I've reloaded the charts with the correct settings. I cant do anything about EURJPY as it is on a sequence, and I still want to test for bugs.
Mitglied seit Dec 15, 2010
784 Posts
Apr 11, 2014 at 02:42
ohh more screens....
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forex_trader_20011
Mitglied seit Oct 08, 2010
407 Posts
Apr 11, 2014 at 12:02
More wins overnight. It is nice to be able to trade several pairs at once, but in doing so, the growth rate of the account will be much slower. 50:1 Leverage sucks.
Mitglied seit Dec 15, 2010
784 Posts
Apr 11, 2014 at 18:37
Back testing is sooo much faster to get results.... waiting for a live account to trade is like waiting for a hot apple pie to cool enough for you to eat it... its agony!! lol
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forex_trader_20011
Mitglied seit Oct 08, 2010
407 Posts
Apr 11, 2014 at 18:59
True, but it is easy to develop "back test blinders" where you can psychologically begin to change settings to curve fit for a defined period. 😀
forex_trader_20011
Mitglied seit Oct 08, 2010
407 Posts
Apr 11, 2014 at 19:15
Our last trading pair for this week just closed order3 in loss. Now we have to wait for a breach of an entry point for order4. Another fine example of why you must wait for the alligator to be sleeping prior to loading on a chart.
I am adding a new exit point to the EA. It will begin tracking PSAR after it reaches its trailing stop starting point in order to gain a few more pips in profit.
Mitglied seit Dec 15, 2010
784 Posts
Apr 11, 2014 at 21:13
(bearbeitet Apr 11, 2014 at 21:15)
4th trading level coming up... its exciting !!!! Siince its now friday, its will be monday or tuesday befroe we see it trade again...
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forex_trader_20011
Mitglied seit Oct 08, 2010
407 Posts
Apr 11, 2014 at 21:51
We will see what happens on Sunday (US Time) when ASIA opens. My only worry with being at this stage would be a huge gap which might prevent us from entering the 4th trade. If a gap occurs, I may just close the EA with a loss and start next week fresh.
Mitglied seit Dec 15, 2010
784 Posts
Apr 11, 2014 at 21:58
Yep! Love watching it trade. Are you still going to limit it to 4 levels or expand it to the magic of 7?
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forex_trader_20011
Mitglied seit Oct 08, 2010
407 Posts
Apr 11, 2014 at 22:03
(bearbeitet Apr 11, 2014 at 22:04)
A 4 trade sequence is the magic. Multiplying by a factor of 2 each time, more than 4 and the Risk/Reward ratio begins to fail based on current settings. That being said, once the PSAR is added, that could make a huge difference in the profit.
In backtest, 94 sessions out of 100 closed in a profitable series within the first 4 trades. So, for now, I will stick with 4 and use the Alligator and Gator indicators to gauge entries prior to the Asia open each day.
In backtest, 94 sessions out of 100 closed in a profitable series within the first 4 trades. So, for now, I will stick with 4 and use the Alligator and Gator indicators to gauge entries prior to the Asia open each day.
Mitglied seit Dec 15, 2010
784 Posts
Apr 11, 2014 at 22:05
(bearbeitet Apr 11, 2014 at 22:06)
Psar, is sometimes slow... esp if used to close a live trade.( just my experience) Maybe if it was used with a breakeven setup, it could be very good.
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forex_trader_20011
Mitglied seit Oct 08, 2010
407 Posts
Apr 11, 2014 at 22:09
True enough, but it takes 3-4 candles on most indicators to show a reversal. It would only be used on large breakouts as the TS will still be in play at the same time.
forex_trader_20011
Mitglied seit Oct 08, 2010
407 Posts
Apr 11, 2014 at 22:10
Plus, the human mind still can be the best indicator. On a 30m chart, I can always close an order manually if the conditions are right, make my money and await the next setup.
forex_trader_20011
Mitglied seit Oct 08, 2010
407 Posts
Apr 13, 2014 at 18:51
*************NEW VERSION ALERT***********
Moving forward on this thread I am using version 2.2 of FX Rogue Wave. This should be the last testing update prior to production. It is the same as 2.1, but I have added the PSAR inidcator to close us out of a runaway trade when the trailing stop beginning point has been reached. As this is sunday, I am still in the EURUSD trade from 2.1 which I will close out when the market opens.
Moving forward on this thread I am using version 2.2 of FX Rogue Wave. This should be the last testing update prior to production. It is the same as 2.1, but I have added the PSAR inidcator to close us out of a runaway trade when the trailing stop beginning point has been reached. As this is sunday, I am still in the EURUSD trade from 2.1 which I will close out when the market opens.
forex_trader_20011
Mitglied seit Oct 08, 2010
407 Posts
Apr 13, 2014 at 18:56
Also, I will only be loading FX Rogue Wave on proper Bill Williams Alligator setups.
Here is an example of what I am looking for a proper setup.
We see a tight support/resistance channel prior to the ASIA market open. We see the Bill Williams indicator lines intertwined. And as a final confirmation, we see the Gator indicator within its channel. Unless there is a gap at market open, I will load FX Rogue Wave prior to the ASIA market open.
Time to go hunting with the Alligator! 😇
Here is an example of what I am looking for a proper setup.
We see a tight support/resistance channel prior to the ASIA market open. We see the Bill Williams indicator lines intertwined. And as a final confirmation, we see the Gator indicator within its channel. Unless there is a gap at market open, I will load FX Rogue Wave prior to the ASIA market open.
Time to go hunting with the Alligator! 😇
forex_trader_20011
Mitglied seit Oct 08, 2010
407 Posts
Apr 13, 2014 at 22:05
Now we have market open - there was a large gap on the EURUSD which hopped right over our entry point for order4 in sequence. Now that we have the new version, I will shut down the EA on that pair and start fresh with the new version on other pairs with the proper conditions.
forex_trader_20011
Mitglied seit Oct 08, 2010
407 Posts
Apr 13, 2014 at 22:21
Two new setups in place prior to ASIA open
forex_trader_20011
Mitglied seit Oct 08, 2010
407 Posts
Apr 13, 2014 at 22:21
And
forex_trader_20011
Mitglied seit Oct 08, 2010
407 Posts
Apr 14, 2014 at 00:58
GBPJPY closed at Order1 in Profit
forex_trader_20011
Mitglied seit Oct 08, 2010
407 Posts
Apr 14, 2014 at 01:26
The AUDUSD trade on Order1 closed at SL. Now we wait for the next breach of an entry point to open Order2
