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forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 12, 2012 at 19:48
greetings
I am in FX market almost 5 years and had a lot experience trading manual and automated. last months I had worked on new EA s to develop and test some other systems as grid.
currently I stop coding and trade manually for some times. I had patterns in my mind but most of them cant be coded. and my mind full of codes. so I will relax for sometimes and clear mind.
you can track my manual trades at _somehow account with 1 min chart. to whom wonder why I dont trade full time manually is the reason I am getting bored of waiting. I start trading with 1 Hr and after some hours I jump to 15 min then 5 min then 1 min. thats the reason why ı started coding EA s. to stop digging the executed trades. summery is I am impatient.
walker
I am in FX market almost 5 years and had a lot experience trading manual and automated. last months I had worked on new EA s to develop and test some other systems as grid.
currently I stop coding and trade manually for some times. I had patterns in my mind but most of them cant be coded. and my mind full of codes. so I will relax for sometimes and clear mind.
you can track my manual trades at _somehow account with 1 min chart. to whom wonder why I dont trade full time manually is the reason I am getting bored of waiting. I start trading with 1 Hr and after some hours I jump to 15 min then 5 min then 1 min. thats the reason why ı started coding EA s. to stop digging the executed trades. summery is I am impatient.
walker
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 12, 2012 at 19:50
while doing that I will improve my manual trading EA which handling the SL TP and group exit executions and slippage and other data display.
when completed I will post it here you can also use it for your manual trades.
when completed I will post it here you can also use it for your manual trades.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 13, 2012 at 07:54
is trading with small lots with higher profit limit decreasing the Risk when time added to the function to reach that profit? may be in volatil periods the reverse is better
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 13, 2012 at 09:21
the new "Goal" feature is really great for manual traders. it makes many needed calculations for traders. MFB did a great job for traders.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 13, 2012 at 14:59
FX news??
Careful Mate! Ti…ti…timberrrrrrrrrrrrrrrrrrrrrrrrrr……….. 18 Minutes ago
Careful Mate! Ti…ti…timberrrrrrrrrrrrrrrrrrrrrrrrrr……….. 18 Minutes ago
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 13, 2012 at 16:02
big hit from S&P downgrade news
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 13, 2012 at 18:57
how I trade manually?
I have spent average 12 hours a day with trading in last years. also while testing the coded EA s in Visual mode I have seen last 10 years EURUSD thousand times. For last 5 years, I can tell you which month is the EURUSD 1 Hr chart without seeing the date scale.
so all those experience put some patterns directly from bar chart in to my memory. those are not possible to code but I can determine it when see it on the chart. that can be 1 min or 1 Hr. So I am currently using those patterns from memory and trading. Most of the time I guess the next move of the price according to those patterns and this give me around 5 PIP per trade at 1 min chart. but also I had +50 PIP from1 Min chart today. this trade was risky so I did trade with low risk. also this trade taken after I had my daily goal achieved.
walker
I have spent average 12 hours a day with trading in last years. also while testing the coded EA s in Visual mode I have seen last 10 years EURUSD thousand times. For last 5 years, I can tell you which month is the EURUSD 1 Hr chart without seeing the date scale.
so all those experience put some patterns directly from bar chart in to my memory. those are not possible to code but I can determine it when see it on the chart. that can be 1 min or 1 Hr. So I am currently using those patterns from memory and trading. Most of the time I guess the next move of the price according to those patterns and this give me around 5 PIP per trade at 1 min chart. but also I had +50 PIP from1 Min chart today. this trade was risky so I did trade with low risk. also this trade taken after I had my daily goal achieved.
walker
Member Since Jan 14, 2010
2279 posts
Jan 13, 2012 at 23:46
Steve, the biggest advantage you have is that you can code EA and have statistics at you fingerprints. i wonder, why do you need so many strategies? Determine few things that have higher odds you can make a plan that works long term.
I think trade management is more important than entries.
I think trade management is more important than entries.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 14, 2012 at 09:51
(edited Jan 14, 2012 at 10:16)
Chikot
I have determined many things. the issue is when you test a strategy for long period with EA s you face with the truth. I explained you what I think earlier. if a trader has some experience and traded some years his brain is normally should be trained and trader can create solutions for the actual situation. market has different reactions. eg last night breaking news about EU has changed the market behaviour.
my conclusion is automated trading and manual trading can go some but there is a limit. what should be done is semi autotomatic.
you also trade and you will agree the next comment I guess. eg price sometimes reject from MA30 or MA200 or Pivot or TL or .......
that cant be coded but when you trade manually yo can see that and react.
SO what I am doing is now testing ideas with EA s and trade manually. this does not mean that I will not code any more.
walker
I have determined many things. the issue is when you test a strategy for long period with EA s you face with the truth. I explained you what I think earlier. if a trader has some experience and traded some years his brain is normally should be trained and trader can create solutions for the actual situation. market has different reactions. eg last night breaking news about EU has changed the market behaviour.
my conclusion is automated trading and manual trading can go some but there is a limit. what should be done is semi autotomatic.
you also trade and you will agree the next comment I guess. eg price sometimes reject from MA30 or MA200 or Pivot or TL or .......
that cant be coded but when you trade manually yo can see that and react.
SO what I am doing is now testing ideas with EA s and trade manually. this does not mean that I will not code any more.
walker
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 14, 2012 at 10:06
the below post is from Robin Hood fund. they reply my question regarding to DD. I track that account from the day one I join MFB. it was going well but then suddenly had a huge DD.
read the below post. what I am saying here is the same what he is saying. price started move shorter and faster.
so I guess Semiautomatic systems are the best.
Member Since Oct 20, 2010 24 postsRobin Hood Fund (RobinHoodFund) Jan 06 at 16:09 (edited Jan 06 at 16:11 )
Hi Walker,
Almost all losses were on trend following systems on lower time frames. Unfortunately there were a lot of fast swings. We saw a lot of times strong moves in one direction and after that price going back. Usually on my trend following entries I want to catch a 20+ pips after we have seen a fast 80-100 pips move. Unfortunately most of the time when we saw faster move in one direction there were no second push or successfull attempt for new high/low after a small correction. Counter trend systems and systems with large stops profited from these market conditions.
read the below post. what I am saying here is the same what he is saying. price started move shorter and faster.
so I guess Semiautomatic systems are the best.
Member Since Oct 20, 2010 24 postsRobin Hood Fund (RobinHoodFund) Jan 06 at 16:09 (edited Jan 06 at 16:11 )
Hi Walker,
Almost all losses were on trend following systems on lower time frames. Unfortunately there were a lot of fast swings. We saw a lot of times strong moves in one direction and after that price going back. Usually on my trend following entries I want to catch a 20+ pips after we have seen a fast 80-100 pips move. Unfortunately most of the time when we saw faster move in one direction there were no second push or successfull attempt for new high/low after a small correction. Counter trend systems and systems with large stops profited from these market conditions.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 14, 2012 at 13:39
Chikot
Basicly what I am saying is let the EA make important and complicated calculations for trader and trader makes the desecion for the execution.
walker
Basicly what I am saying is let the EA make important and complicated calculations for trader and trader makes the desecion for the execution.
walker
Member Since Jan 14, 2010
2279 posts
Jan 15, 2012 at 01:06
Steve, I think knowing odds after EA testing is already enough. You have all tools. i cannot test a thing by the way.
IMHO the most important is trade management. Scaling in , scaling out. Many times same pips can be made again and again.
IMHO the most important is trade management. Scaling in , scaling out. Many times same pips can be made again and again.
walker36 posted:
Chikot
Basicly what I am saying is let the EA make important and complicated calculations for trader and trader makes the desecion for the execution.
walker
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 15, 2012 at 10:09
Chikot
if all traders had chance to test their systems I assume that most of them would stop trading. what ever you think is wright are all bidirectional. I post earlier here when I code an algo I test it also reverse and it is also good for reverse. it is only matter of time when it will be good for normal or reverse. the solution I found is Semiautomated.
walker
if all traders had chance to test their systems I assume that most of them would stop trading. what ever you think is wright are all bidirectional. I post earlier here when I code an algo I test it also reverse and it is also good for reverse. it is only matter of time when it will be good for normal or reverse. the solution I found is Semiautomated.
walker
Chikot posted:
Steve, I think knowing odds after EA testing is already enough. You have all tools. i cannot test a thing by the way.
IMHO the most important is trade management. Scaling in , scaling out. Many times same pips can be made again and again.
walker36 posted:
Chikot
Basicly what I am saying is let the EA make important and complicated calculations for trader and trader makes the desecion for the execution.
walker
Member Since Jan 14, 2010
2279 posts
Jan 15, 2012 at 11:53
Steve, I do not have system.
IMHO, system makes trader too rigid. Conditions changes quickly. Nothing substitutes for long hours spent watching and trading markets. I think it is harder for a guys who cannot code to test but ultimately it is not without some long term advantages.
IMHO, system makes trader too rigid. Conditions changes quickly. Nothing substitutes for long hours spent watching and trading markets. I think it is harder for a guys who cannot code to test but ultimately it is not without some long term advantages.
walker36 posted:
Chikot
if all traders had chance to test their systems I assume that most of them would stop trading. what ever you think is wright are all bidirectional. I post earlier here when I code an algo I test it also reverse and it is also good for reverse. it is only matter of time when it will be good for normal or reverse. the solution I found is Semiautomated.
walker
Chikot posted:
Steve, I think knowing odds after EA testing is already enough. You have all tools. i cannot test a thing by the way.
IMHO the most important is trade management. Scaling in , scaling out. Many times same pips can be made again and again.
walker36 posted:
Chikot
Basicly what I am saying is let the EA make important and complicated calculations for trader and trader makes the desecion for the execution.
walker
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 15, 2012 at 12:14
Chikot
we both saying the same thing with different words. one system can not work for all.
"Conditions changes quickly. Nothing substitutes for long hours spent watching and trading markets." ==> I agree %100
walker
we both saying the same thing with different words. one system can not work for all.
"Conditions changes quickly. Nothing substitutes for long hours spent watching and trading markets." ==> I agree %100
walker
Chikot posted:
Steve, I do not have system.
IMHO, system makes trader too rigid. Conditions changes quickly. Nothing substitutes for long hours spent watching and trading markets. I think it is harder for a guys who cannot code to test but ultimately it is not without some long term advantages.
walker36 posted:
Chikot
if all traders had chance to test their systems I assume that most of them would stop trading. what ever you think is wright are all bidirectional. I post earlier here when I code an algo I test it also reverse and it is also good for reverse. it is only matter of time when it will be good for normal or reverse. the solution I found is Semiautomated.
walker
Chikot posted:
Steve, I think knowing odds after EA testing is already enough. You have all tools. i cannot test a thing by the way.
IMHO the most important is trade management. Scaling in , scaling out. Many times same pips can be made again and again.
walker36 posted:
Chikot
Basicly what I am saying is let the EA make important and complicated calculations for trader and trader makes the desecion for the execution.
walker
Member Since Jan 14, 2010
2279 posts
Jan 15, 2012 at 12:16
😲 😉 😀
😉😀
walker36 posted:
Chikot
we both saying the same thing with different words. one system can not work for all.
"Conditions changes quickly. Nothing substitutes for long hours spent watching and trading markets." ==> I agree %100
walker
Chikot posted:
Steve, I do not have system.
IMHO, system makes trader too rigid. Conditions changes quickly. Nothing substitutes for long hours spent watching and trading markets. I think it is harder for a guys who cannot code to test but ultimately it is not without some long term advantages.
walker36 posted:
Chikot
if all traders had chance to test their systems I assume that most of them would stop trading. what ever you think is wright are all bidirectional. I post earlier here when I code an algo I test it also reverse and it is also good for reverse. it is only matter of time when it will be good for normal or reverse. the solution I found is Semiautomated.
walker
Chikot posted:
Steve, I think knowing odds after EA testing is already enough. You have all tools. i cannot test a thing by the way.
IMHO the most important is trade management. Scaling in , scaling out. Many times same pips can be made again and again.
walker36 posted:
Chikot
Basicly what I am saying is let the EA make important and complicated calculations for trader and trader makes the desecion for the execution.
walker
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 15, 2012 at 12:28
this is what I am saying for a long time here. I had mentioned several times about switching system between market conditions and behaviours but unfortunately can not code one yet.
Chikot posted:
😲 😉 😀😉😀
walker36 posted:
Chikot
we both saying the same thing with different words. one system can not work for all.
"Conditions changes quickly. Nothing substitutes for long hours spent watching and trading markets." ==> I agree %100
walker
Chikot posted:
Steve, I do not have system.
IMHO, system makes trader too rigid. Conditions changes quickly. Nothing substitutes for long hours spent watching and trading markets. I think it is harder for a guys who cannot code to test but ultimately it is not without some long term advantages.
walker36 posted:
Chikot
if all traders had chance to test their systems I assume that most of them would stop trading. what ever you think is wright are all bidirectional. I post earlier here when I code an algo I test it also reverse and it is also good for reverse. it is only matter of time when it will be good for normal or reverse. the solution I found is Semiautomated.
walker
Chikot posted:
Steve, I think knowing odds after EA testing is already enough. You have all tools. i cannot test a thing by the way.
IMHO the most important is trade management. Scaling in , scaling out. Many times same pips can be made again and again.
walker36 posted:
Chikot
Basicly what I am saying is let the EA make important and complicated calculations for trader and trader makes the desecion for the execution.
walker
Member Since Jan 14, 2010
2279 posts
Jan 15, 2012 at 12:32
I did not mean switching system but being in a tune with a market based upon experience and good trading habits aquired after long hours spent trading/ analyzing market. In a agreement upon the rest.
walker36 posted:
this is what I am saying for a long time here. I had mentioned several times about switching system between market conditions and behaviours but unfortunately can not code one yet.
Chikot posted:
😲 😉 😀😉😀
walker36 posted:
Chikot
we both saying the same thing with different words. one system can not work for all.
"Conditions changes quickly. Nothing substitutes for long hours spent watching and trading markets." ==> I agree %100
walker
Chikot posted:
Steve, I do not have system.
IMHO, system makes trader too rigid. Conditions changes quickly. Nothing substitutes for long hours spent watching and trading markets. I think it is harder for a guys who cannot code to test but ultimately it is not without some long term advantages.
walker36 posted:
Chikot
if all traders had chance to test their systems I assume that most of them would stop trading. what ever you think is wright are all bidirectional. I post earlier here when I code an algo I test it also reverse and it is also good for reverse. it is only matter of time when it will be good for normal or reverse. the solution I found is Semiautomated.
walker
Chikot posted:
Steve, I think knowing odds after EA testing is already enough. You have all tools. i cannot test a thing by the way.
IMHO the most important is trade management. Scaling in , scaling out. Many times same pips can be made again and again.
walker36 posted:
Chikot
Basicly what I am saying is let the EA make important and complicated calculations for trader and trader makes the desecion for the execution.
walker
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 15, 2012 at 12:34
both same. adapting the market condition and behaviour.
Chikot posted:
I did not mean switching system but being in a tune with a market based upon experience and good trading habits aquired after long hours spent trading/ analyzing market. In a agreement upon the rest.
walker36 posted:
this is what I am saying for a long time here. I had mentioned several times about switching system between market conditions and behaviours but unfortunately can not code one yet.
Chikot posted:
😲 😉 😀😉😀
walker36 posted:
Chikot
we both saying the same thing with different words. one system can not work for all.
"Conditions changes quickly. Nothing substitutes for long hours spent watching and trading markets." ==> I agree %100
walker
Chikot posted:
Steve, I do not have system.
IMHO, system makes trader too rigid. Conditions changes quickly. Nothing substitutes for long hours spent watching and trading markets. I think it is harder for a guys who cannot code to test but ultimately it is not without some long term advantages.
walker36 posted:
Chikot
if all traders had chance to test their systems I assume that most of them would stop trading. what ever you think is wright are all bidirectional. I post earlier here when I code an algo I test it also reverse and it is also good for reverse. it is only matter of time when it will be good for normal or reverse. the solution I found is Semiautomated.
walker
Chikot posted:
Steve, I think knowing odds after EA testing is already enough. You have all tools. i cannot test a thing by the way.
IMHO the most important is trade management. Scaling in , scaling out. Many times same pips can be made again and again.
walker36 posted:
Chikot
Basicly what I am saying is let the EA make important and complicated calculations for trader and trader makes the desecion for the execution.
walker
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 16, 2012 at 09:54
entering a trade.
I was entering trades only from 1 point. either manual or auto. I now started to enter the trade at 3 levels. this is not grid. this is entering a trade with average price.
I was entering trades only from 1 point. either manual or auto. I now started to enter the trade at 3 levels. this is not grid. this is entering a trade with average price.
