Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Method check and rationalization.............
This is pretty much the method, I was using when I joined here, when I ran $700 upto 10K in about 3 months, then I got scared and blew loads holding against the flow as I do.
Running charts, 18sma based looks better, doesn't turn too fast or too slowly the majority of the time.
Range wise, wider, 0.03% and 0.06% and SL at 0.09% looks better, less fake outs.
Realising, Entry wise not SL wise BB 18sma 2.3Dev, is pretty good and saying, get in here, then fall back on Envelopes for the SL as easier to code.
GOT TO GET ON THIS next week, OverWatch write the logic for SL moving with the 0.09 Envelope.
This is pretty much the method, I was using when I joined here, when I ran $700 upto 10K in about 3 months, then I got scared and blew loads holding against the flow as I do.
Running charts, 18sma based looks better, doesn't turn too fast or too slowly the majority of the time.
Range wise, wider, 0.03% and 0.06% and SL at 0.09% looks better, less fake outs.
Realising, Entry wise not SL wise BB 18sma 2.3Dev, is pretty good and saying, get in here, then fall back on Envelopes for the SL as easier to code.
GOT TO GET ON THIS next week, OverWatch write the logic for SL moving with the 0.09 Envelope.
method test, while still vaguely awake...
DAX 15th march, 9am gmt ish!! Take every trade setup and average in with 2 positions.
Broke down, news saw it didn't take it!!
Downtrend, putting in a top under 11600, short!! turning up, small profit!!
Uptrend join 11594, +18
Long 11596 range play, uptrend kicked in exit +35
too many Lines, change to just 0.04 and 0.08% still leave SL out to 0.09% mind.
BB working GREAT, almost trade just off that, but tried, no fall back positions, mixed with Envelopes gives a good feel
Ramp up trading Monday, if all goes to plan!!
DAX 15th march, 9am gmt ish!! Take every trade setup and average in with 2 positions.
Broke down, news saw it didn't take it!!
Downtrend, putting in a top under 11600, short!! turning up, small profit!!
Uptrend join 11594, +18
Long 11596 range play, uptrend kicked in exit +35
too many Lines, change to just 0.04 and 0.08% still leave SL out to 0.09% mind.
BB working GREAT, almost trade just off that, but tried, no fall back positions, mixed with Envelopes gives a good feel
Ramp up trading Monday, if all goes to plan!!
Code Backup!!!
extern string Product="Overwatch V1.03";
extern double MinStopLoss=8;
extern double MaxStopLoss=15;
int start()
{
if(OrdersTotal()>0){
for(int i=1; i<=OrdersTotal(); i++)
{
if (OrderSelect(i-1,SELECT_BY_POS)==true)
{
if((OrderType()==OP_BUY)&&(OrderStopLoss()==0)&&(OrderSymbol()==Symbol())) {
RefreshRates();
double slb=NormalizeDouble(iMA(NULL,0,18,0,MODE_SMA,PRICE_MEDIAN,0)*0.9994,Digits);
double sla=Bid-slb;
if (sla<MinStopLoss){
slb=NormalizeDouble(Bid-MinStopLoss,Digits);
}
if (sla>MaxStopLoss){
slb=NormalizeDouble(Bid-MaxStopLoss,Digits);
}
OrderModify(OrderTicket(),0,slb,0,0,CLR_NONE);
}
if((OrderType()==OP_SELL)&&(OrderStopLoss()==0)&&(OrderSymbol()==Symbol())) {
RefreshRates();
double sls=NormalizeDouble(iMA(NULL,0,18,0,MODE_SMA,PRICE_MEDIAN+Ask-Bid,0)*1.0006,Digits);
double slc=sls-Ask;
if (slc<MinStopLoss){
sls=NormalizeDouble(Bid+MinStopLoss+Ask-Bid,Digits);
}
if (slc>MaxStopLoss){
sls=NormalizeDouble(Bid+MaxStopLoss+Ask-Bid,Digits);
}
OrderModify(OrderTicket(),0,sls,0,0,CLR_NONE);
}
}
}
}
int Error=GetLastError();
if(Error==130){Alert("Wrong stops. Retrying."); RefreshRates();}
if(Error==133){Alert("Trading prohibited.");}
if(Error==2){Alert("Common error.");}
if(Error==146){Alert("Trading subsystem is busy. Retrying."); Sleep(500); RefreshRates();}
return(0);
}
extern string Product="Overwatch V1.03";
extern double MinStopLoss=8;
extern double MaxStopLoss=15;
int start()
{
if(OrdersTotal()>0){
for(int i=1; i<=OrdersTotal(); i++)
{
if (OrderSelect(i-1,SELECT_BY_POS)==true)
{
if((OrderType()==OP_BUY)&&(OrderStopLoss()==0)&&(OrderSymbol()==Symbol())) {
RefreshRates();
double slb=NormalizeDouble(iMA(NULL,0,18,0,MODE_SMA,PRICE_MEDIAN,0)*0.9994,Digits);
double sla=Bid-slb;
if (sla<MinStopLoss){
slb=NormalizeDouble(Bid-MinStopLoss,Digits);
}
if (sla>MaxStopLoss){
slb=NormalizeDouble(Bid-MaxStopLoss,Digits);
}
OrderModify(OrderTicket(),0,slb,0,0,CLR_NONE);
}
if((OrderType()==OP_SELL)&&(OrderStopLoss()==0)&&(OrderSymbol()==Symbol())) {
RefreshRates();
double sls=NormalizeDouble(iMA(NULL,0,18,0,MODE_SMA,PRICE_MEDIAN+Ask-Bid,0)*1.0006,Digits);
double slc=sls-Ask;
if (slc<MinStopLoss){
sls=NormalizeDouble(Bid+MinStopLoss+Ask-Bid,Digits);
}
if (slc>MaxStopLoss){
sls=NormalizeDouble(Bid+MaxStopLoss+Ask-Bid,Digits);
}
OrderModify(OrderTicket(),0,sls,0,0,CLR_NONE);
}
}
}
}
int Error=GetLastError();
if(Error==130){Alert("Wrong stops. Retrying."); RefreshRates();}
if(Error==133){Alert("Trading prohibited.");}
if(Error==2){Alert("Common error.");}
if(Error==146){Alert("Trading subsystem is busy. Retrying."); Sleep(500); RefreshRates();}
return(0);
}
Done enough testing, to know the math's work out massively in my favour, with 1/2 a brain, but it's the trust to take the plays then the trust in the direction to hold for enough profit to make the risks worth it, are ofcourse the tricky parts.
Should be clear tomorrow to hit some trading and most of the week.
Time to kick butt and eat ice cream!!
Should be clear tomorrow to hit some trading and most of the week.
Time to kick butt and eat ice cream!!
Sim work, dax 21st march 9am ish start.
Format. L :long, S = short, P =profit, X = loss.
8am till 9:20am method worked, downtrend multiple entries
9:20am to 11:30 chop method fail multiple losses.
11:30 till close, losses at direction change but works.
Do i have an exclusion time? Next day!
24th 9:30 big move before worked, us open ugly,then business as always into close, fine.
25th 9:30 to 11:30 crazy again, then stable, us open crazy, rough till 6:45 then stable.
26th 9am news pain expected, weak day friday? Stable all day.
Range increasing 0.05 and 0.10 less fake outs risking more losing less often.
27th stable all day.
28th spikey sl hitty till 2pm then stable and smooth.
29th tricky till 11am then smooth and stable.
1st jumpy, weak but stable all day.
2nd stable all day
3rd stable all day.
Might need SL out to 0.15%, increase min SL to 12 max to 20, better
Then 0.06 0.12 0.18 very few losing trades.
Then slow SMA down to 24 and even 21st chop is covered
Working nicely on gbpusd
SL size too huge on us30 no chance, removing sadly.
Resetup overwatch then sleep!
Format. L :long, S = short, P =profit, X = loss.
8am till 9:20am method worked, downtrend multiple entries
9:20am to 11:30 chop method fail multiple losses.
11:30 till close, losses at direction change but works.
Do i have an exclusion time? Next day!
24th 9:30 big move before worked, us open ugly,then business as always into close, fine.
25th 9:30 to 11:30 crazy again, then stable, us open crazy, rough till 6:45 then stable.
26th 9am news pain expected, weak day friday? Stable all day.
Range increasing 0.05 and 0.10 less fake outs risking more losing less often.
27th stable all day.
28th spikey sl hitty till 2pm then stable and smooth.
29th tricky till 11am then smooth and stable.
1st jumpy, weak but stable all day.
2nd stable all day
3rd stable all day.
Might need SL out to 0.15%, increase min SL to 12 max to 20, better
Then 0.06 0.12 0.18 very few losing trades.
Then slow SMA down to 24 and even 21st chop is covered
Working nicely on gbpusd
SL size too huge on us30 no chance, removing sadly.
Resetup overwatch then sleep!
Better retest, trading dax only, gu too risky brexit and all.
Overwatch SL is emergency SL need to exit if looking bad manually, ass protector not my main exit.
Almost trade just off BB, BB breaking after a squeeze is a exit sign, but chop kills
No taking trends outside BB range,odds of a loss increased hugely.
13th Feb 9am...
Down enter short near 24sma , rocked 50pts.
Triple bottom going flat, scalp scalp.
Its very nice!
Sleep!
Overwatch SL is emergency SL need to exit if looking bad manually, ass protector not my main exit.
Almost trade just off BB, BB breaking after a squeeze is a exit sign, but chop kills
No taking trends outside BB range,odds of a loss increased hugely.
13th Feb 9am...
Down enter short near 24sma , rocked 50pts.
Triple bottom going flat, scalp scalp.
Its very nice!
Sleep!
BB makes the chart messy and confusing, it works but it's trying to be accurate, accuracy not required, balls to get in a few times and trust the range defo required.
Huge range, got to risk 3 positions in 400 maybe 500bucks on range failing at current level, trying to micro manage losses is what is killing me after a huge 5k loss from 10k years back. Page 10 area.
Odds are low on SL being hit, news spikes will do it, so no holding over news. If i hold counter trend then it'll stomp SL all the time ofcourse. So strict counter trend exit to be safe.
Time to man up and go hard!
Huge range, got to risk 3 positions in 400 maybe 500bucks on range failing at current level, trying to micro manage losses is what is killing me after a huge 5k loss from 10k years back. Page 10 area.
Odds are low on SL being hit, news spikes will do it, so no holding over news. If i hold counter trend then it'll stomp SL all the time ofcourse. So strict counter trend exit to be safe.
Time to man up and go hard!