Holt is a free indicator i got a link from gmail. Of course it agenda was to get me interested in another purchased product of getting this one. I downloaded it anyway and it intrigue me.
It can be edited with Mt4 editor. As what i can see it uses HA. But what interesting its graphical presentation (like macd) is quite accurate in the shorter time frame like the one above. Highest is15m, stacked by 5m and last is 1m. On top of that its stackable and have many functions we can modify in the inputs especially on notification. Each one can be set a different TFs (how cool !)
I am thinking of this for scalping purposes on shorter time frame (5m) and active hours.
5 m marry 15m is pretty decent as 1m is a bit undecided.
More on this
Wednesday, April 29, 2020
Tuesday, April 28, 2020
Covid1... at last !
Well I can help but naming this one IT. Hopefully rather than devastating whats in its place, it will bring pure joy to those involved.
Timeframe : 4 hr
Indicators (Buy)
- macd ML > SL
- macd MLc1>c2
Different than the usual ones, this one treated Buy and Sell as different Type
So if Buy signals still on it will carry on opening Sell ???
No SL for this one and TP is small at only 10 pips.
Info on the bull/bear bar
This interupt our trade as I was not sure of how it works.
1. Need to put continous as a criteria rather than 1/bar as it will wait for a new bar everytime which is not what we want.
2. Put the Candle ID as 0 as it wont open a new trade if the last candle did not follow. Or are you wanting it to be instant checking on the current bar ?
MM
Paroli at 1/2 So it will renew trade alternately. Loose the 1st time or 2nd time (after winning the first you earn) the same lost of 1 time. But if you win the 2nd time its actually you are winning 3 times.
Thinking of making it 3 times as the wins is double if you win 3 times in a row. If you lost on the 3rd trial its break even. This is what i am seeking of.
Timeframe : 4 hr
Indicators (Buy)
- macd ML > SL
- macd MLc1>c2
Different than the usual ones, this one treated Buy and Sell as different Type
So if Buy signals still on it will carry on opening Sell ???
No SL for this one and TP is small at only 10 pips.
Info on the bull/bear bar
This interupt our trade as I was not sure of how it works.
1. Need to put continous as a criteria rather than 1/bar as it will wait for a new bar everytime which is not what we want.
2. Put the Candle ID as 0 as it wont open a new trade if the last candle did not follow. Or are you wanting it to be instant checking on the current bar ?
MM
Paroli at 1/2 So it will renew trade alternately. Loose the 1st time or 2nd time (after winning the first you earn) the same lost of 1 time. But if you win the 2nd time its actually you are winning 3 times.
Thinking of making it 3 times as the wins is double if you win 3 times in a row. If you lost on the 3rd trial its break even. This is what i am seeking of.
Labels:
covid
Saturday, April 25, 2020
FXV with BB and StochO
As mentioned this is another semi auto strategy that could work using BB and SO (both at default settings). Still on AN and 4hr tf for this demo.
Lets discuss Buy
Entry rules
FXV must be blue band
SO sl (the orange) must cross the 50 level
SO ml is above sl
BB price above middle line Line 2
Alternative opening
SO ml above sl and above 50
BB price above middle line
(this is essential when price from the lower band of BB) Line 5
Exit
Lets look at the line chart above.
The general rule when SO is lower than 50 level but above ml
BUT... price must be in the lower band
From the chart we see false exit (according to the SO) , 3 and the last line on the right side of the chart
Instance when it wont follow FXV blindly at 1. Thou its FXV early blue band both SO and BB did not comply.
The entry line after 1 may have triggered but would cut short a few bars letter. This would be OK if its on SL. Anyway can set into the robot to see that candle at a certain size before closing.
Lets discuss Buy
Entry rules
FXV must be blue band
SO sl (the orange) must cross the 50 level
SO ml is above sl
BB price above middle line Line 2
Alternative opening
SO ml above sl and above 50
BB price above middle line
(this is essential when price from the lower band of BB) Line 5
Exit
Lets look at the line chart above.
The general rule when SO is lower than 50 level but above ml
BUT... price must be in the lower band
From the chart we see false exit (according to the SO) , 3 and the last line on the right side of the chart
Instance when it wont follow FXV blindly at 1. Thou its FXV early blue band both SO and BB did not comply.
The entry line after 1 may have triggered but would cut short a few bars letter. This would be OK if its on SL. Anyway can set into the robot to see that candle at a certain size before closing.
Semi Auto or is it Semi Manual ?
I am keen on FXVernom but lets make it more powerful by devising a semi auto to execute the trades only on 1 side if the signals met. So you dont have to be all the time at the computer. Even FXV can send email (solve this problem with gmail) or push notification when it change direction.
Here are some ideas using additional indicators which we can work out with our FXd
Macd
Use the ML above SL, MLc1 higher/lower than c2 and above 0 to enter or exit a trade. But follow the direction of the FXV.
From the chart above we see a good entry at 1 (sell) and 3(Buy) when the macd dips below 0 and surface above 0. The only thing for 3 it would possibly hit SL on its significant retracement. But possiblly our system could enter again when it turn back again or macd ml is above sl again. Anyway this could easily be automated by turning Buy mode on after FXV bands are formed.
Exits at 2 and 4 is good rather than if only relying on FXV and end up much lesse in profit. However do note that at 4 its just to play safe as the price went up again. Nevertheless, the system would make a next entry once ml is above sl again.
BTW this is AN cp at 4 hr tf. Do remember that macd is set to 35,45, 9
Next we will discuss on Stochastic and BB incorporating with FXV
Here are some ideas using additional indicators which we can work out with our FXd
Macd
Use the ML above SL, MLc1 higher/lower than c2 and above 0 to enter or exit a trade. But follow the direction of the FXV.
Exits at 2 and 4 is good rather than if only relying on FXV and end up much lesse in profit. However do note that at 4 its just to play safe as the price went up again. Nevertheless, the system would make a next entry once ml is above sl again.
BTW this is AN cp at 4 hr tf. Do remember that macd is set to 35,45, 9
Next we will discuss on Stochastic and BB incorporating with FXV
Entirely changing - external resources MQLTA
Theres one robot thatsonly demo for AN and full power for $19.9 from the source linked here
https://mql4tradingautomation.com/downloads/download-mt4-high-low-trailing-stop-ea/
This is good as it change the stop loss according to SR (isnt that what I wanted?). Well lets try it on AN when the market opens and see how it work out. If the technique would work why not spend for the real thing ? Or search in pasar malam. Hopefully theres a cheaper source somewhere.
Now that brought about many other ideas - could be due to Coffee FREE ??
Look over the sources theres a lot of possible gems in there.
https://mql4tradingautomation.com/downloads/download-mt4-high-low-trailing-stop-ea/
This is good as it change the stop loss according to SR (isnt that what I wanted?). Well lets try it on AN when the market opens and see how it work out. If the technique would work why not spend for the real thing ? Or search in pasar malam. Hopefully theres a cheaper source somewhere.
Now that brought about many other ideas - could be due to Coffee FREE ??
Look over the sources theres a lot of possible gems in there.
Labels:
external sources,
thoughts
Friday, April 24, 2020
FXVenom SemiAuto trading system
Time frame 1 hr
Buy when FXV alert
Target TP 40 SL 40
Use a manual execute robot as we need the Paroli and other strength of the robot
When price went into the blue and come out again, open another trade (to be decided later) as we dont know the MM here.
Or wait for to hit SL or TP then signals must be right
Have alert and sound when hit TP/SL
Take note which trade to observe every hour.
If it hit 40 wait for it to go into the zone and come out again (???)
Check every hour
If FXV showed it went into the zone and it is profiting, close the trade with profit and Restart Paroli, this is easy just change the Magic Nos.
Buy when FXV alert
Target TP 40 SL 40
Use a manual execute robot as we need the Paroli and other strength of the robot
When price went into the blue and come out again, open another trade (to be decided later) as we dont know the MM here.
Or wait for to hit SL or TP then signals must be right
Have alert and sound when hit TP/SL
Take note which trade to observe every hour.
If it hit 40 wait for it to go into the zone and come out again (???)
Check every hour
If FXV showed it went into the zone and it is profiting, close the trade with profit and Restart Paroli, this is easy just change the Magic Nos.
Trading with FXV
Heres how to trade with FXVenom.
Buy when the Blue upward arrows and dots with lines appear. This should coincide with 3 blue square appear on top right of the chart.
Set SL at the bottom line edge. This should be moved when the price moved. So in the pic we see that it hit SL at one time.
When it come out again take a buy again. Or take a 2nd buy if the previous buy still running. Meaning that the price did not hit the edge of the band.
2 ideas on TP, find the last high and put there or just 1x or 2x of the SL.
Buy when the Blue upward arrows and dots with lines appear. This should coincide with 3 blue square appear on top right of the chart.
Set SL at the bottom line edge. This should be moved when the price moved. So in the pic we see that it hit SL at one time.
When it come out again take a buy again. Or take a 2nd buy if the previous buy still running. Meaning that the price did not hit the edge of the band.
2 ideas on TP, find the last high and put there or just 1x or 2x of the SL.
With a little help from Manual
Its been hard to ascertain what indicators can bring in profit after profit. So far our creation did not bring complete results to the table. Yet in the trading world (manual that is) getting 2 consecutive wins is not a big deal.
So the idea now is why not get a little help from the manuals. Even we dont have to rely on SL lets based on theirs. As we know that the many failures is when it hit SL too short and too fast.
But of course we have to "work" a bit by sitting and checking the computer now. Thats the price we have to pay.
For now the potential one which I had came across before is the FX Vernom indicator. Quite easy to use.
Lets go and wll you know on the progress herewith.
So the idea now is why not get a little help from the manuals. Even we dont have to rely on SL lets based on theirs. As we know that the many failures is when it hit SL too short and too fast.
But of course we have to "work" a bit by sitting and checking the computer now. Thats the price we have to pay.
For now the potential one which I had came across before is the FX Vernom indicator. Quite easy to use.
Lets go and wll you know on the progress herewith.
Thursday, April 23, 2020
mco9_4 modified
After seeing a lot of losses in the early part of the day, time to make changes (so soon !)
For the moment I will leave the TPSL to 4020 and not increasing to 4040 because that will defeat the purpose of doing it
The changes are :-
- MM Paroli 2 only not 1,2,3. Meaning that if fail the 2nd time you are break even on the cycle. If you fail the first time you loose -20 only. But if you get both consecutive wins you are richer by 80 ! (40 + 40) and thats something right.
- Candle to open at new candle
- macd ML and SL will also play a point
For the moment I will leave the TPSL to 4020 and not increasing to 4040 because that will defeat the purpose of doing it
The changes are :-
- MM Paroli 2 only not 1,2,3. Meaning that if fail the 2nd time you are break even on the cycle. If you fail the first time you loose -20 only. But if you get both consecutive wins you are richer by 80 ! (40 + 40) and thats something right.
- Candle to open at new candle
- macd ML and SL will also play a point
mco9_4 Intro
On its own at 655
Based on BB and MACD
When candle above middle BB and macd ML above SL make a buy
TP/SL is 40/20 (more on this later)
Time frame 1 hr
C Pairs 7 best
MM is 1,2,3 (obviously to change) should be 2 only (more on this later)
There is an external block to close half trade if it macd MLSL crossed back but it did not seem to work.
Based on BB and MACD
When candle above middle BB and macd ML above SL make a buy
TP/SL is 40/20 (more on this later)
Time frame 1 hr
C Pairs 7 best
MM is 1,2,3 (obviously to change) should be 2 only (more on this later)
There is an external block to close half trade if it macd MLSL crossed back but it did not seem to work.
Wednesday, April 22, 2020
mco9_3 Haywire
Discovered that the money management did not work right. It could be the TS mechanism screwing its robotics. So back to square 1. In future postings, thought of discussing 1 great idea on how to make this work better by lowering the risk further. What for it.
Tuesday, April 21, 2020
mco9_3
Another variant on variant of the strain now version3 of variant 9. For this one the MM and target are the same except. However it has a TS mover. Thou its not been tested yet. How the next trade will be as it would be the next sequence if it hit TS. I reckon so.
The indicators are much simpler just how candle close against emas14. The philosophy is to achieve very good winning sequence (3 only) then on other tactics.
The indicators are much simpler just how candle close against emas14. The philosophy is to achieve very good winning sequence (3 only) then on other tactics.
Sunday, April 19, 2020
Once upon an MCO
This is work in progress for modifications for current running MCOs or new upcoming ones
Indicators
Use HA and MACD only.
Maintain the 15m TF.
MM at 1,2,3 or maybe until 4th (6)
TP/SL at 15
The improvement
For the 1st trade - TS to 5pips when price passed 10p
2nd trade and so on breakeven when price passed 5. If it hit back 0 provided this is registered as a win, it will open the 3rd at 3 lots. also apply same technique to hit 0 and closed. If that is a loss and it will be a problem because we have 5 in the 1st, 0 in 2nd and -15 in 3rd so thats a `10pip. Still its better than losing 1 trade at 15p. But remember in the current tech, losing the 3rd is a breakeven.
Or if it hit 5 in the 1st restart cycle. At least you got 5pip there.
Well need to think further how this can be improve.
Indicators
Use HA and MACD only.
Maintain the 15m TF.
MM at 1,2,3 or maybe until 4th (6)
TP/SL at 15
The improvement
For the 1st trade - TS to 5pips when price passed 10p
2nd trade and so on breakeven when price passed 5. If it hit back 0 provided this is registered as a win, it will open the 3rd at 3 lots. also apply same technique to hit 0 and closed. If that is a loss and it will be a problem because we have 5 in the 1st, 0 in 2nd and -15 in 3rd so thats a `10pip. Still its better than losing 1 trade at 15p. But remember in the current tech, losing the 3rd is a breakeven.
Or if it hit 5 in the 1st restart cycle. At least you got 5pip there.
Well need to think further how this can be improve.
Labels:
thoughts
Saturday, April 18, 2020
mco8
mco8 take a trade when it saw 2 consequential buy or sell candle. Profit
must be not less than 1. What is different than the usual strategy, it
will open an opposite trade if opposite signals formed and will close
current trade if its in profit at that time. If not it will run to SL
(or TP)
Labels:
mco8
mco7 Heading for disaster
Another sorry this is mco7 not mco8 (title and contents adjusted)
mco7 is another paroli variant robot attached to FXTM small trading platform trading just on GU. Today it is losing 42% ! with $232 at loss.
Now lets analysis where it is going wrong.
Obviously it is a problem of the entry exit strategy. With 55 trades taken 65% (36) of them are losses
2 are full cycle success 1,2,3 and 2 very close 1,2,-3 (break even trades)
So how is the strategy
mco7 does not depend on any indicators or time frame. Just see if the last was a Sell or Buy. If the sell was a profit then it continue to open a sell. It does the same with Buy too.
mco7 is another paroli variant robot attached to FXTM small trading platform trading just on GU. Today it is losing 42% ! with $232 at loss.
Now lets analysis where it is going wrong.
Obviously it is a problem of the entry exit strategy. With 55 trades taken 65% (36) of them are losses
2 are full cycle success 1,2,3 and 2 very close 1,2,-3 (break even trades)
So how is the strategy
mco7 does not depend on any indicators or time frame. Just see if the last was a Sell or Buy. If the sell was a profit then it continue to open a sell. It does the same with Buy too.
Thursday, April 16, 2020
mco3 showing potentials
Just for recollection, mco3 is based on trading basing on adx, macd and some emas lines.
C pairs running it are as below. MM is on Paroli max 4th level of 1,2,3,6.
The robot is runing on platform mt4 186 taking over the defunct Jolter3.
Post morteming it today shows much potential.
3rdLvl
CPs Profit$ NoSeq Success FullSeq
AU 60 7 2 0
EU 120 7 0 1
GU 58.5 14 2 1
NU 210 6 1 1
UCd 141.7 19 2 2
UCf 46.55 5 1 0
UJ -29.67 4 1 0
TOT 607.08 62 9 5
Sorry for the bad data formating above. But whats important will be the facts below.
C pairs running it are as below. MM is on Paroli max 4th level of 1,2,3,6.
The robot is runing on platform mt4 186 taking over the defunct Jolter3.
Post morteming it today shows much potential.
3rdLvl
CPs Profit$ NoSeq Success FullSeq
AU 60 7 2 0
EU 120 7 0 1
GU 58.5 14 2 1
NU 210 6 1 1
UCd 141.7 19 2 2
UCf 46.55 5 1 0
UJ -29.67 4 1 0
TOT 607.08 62 9 5
Sorry for the bad data formating above. But whats important will be the facts below.
Wednesday, April 15, 2020
We are now at mco5
Well there are alaready a few number of strains on mco. The previous one use a different indicators which are ParaSar and ADX with 2 tfthe longer being 15m. But that does not seem to work and so make another improvement and so it became mco5. Now what is this one which inspired during my laying on bed in the daytime during this covid19 lockdown. So we call it mco5.
For indicators I still use the macd with some mas lines. Since it work well for the platform on test with it. But now it dont have when to close (maybe in the future) and no need for kill switches either.
Ok so heres how it works
There are 5 sets of Buy or Sell switches.
The 1st one is at 1,2 only for Paroli seq. 2nd at 1,2,3 so on until the 5th one at 1,2,3,6,12,24 which is a lot.
Anyway we are still with the fact that we'll loose on if the 1st or 2nd trade fail at 1 lot fo 15pips. Other than that the trade break even.
At anytime when the indicators favors all 5 trades will open. Worst case scenarios when that trade fails where the losses will be 15 x 5 = 75 pips on 1 lot (or any amount adjusted)
When this happens the trade will readjust back to trade on 1 lot.
Lets say now the 1st trade sequence suceed we got 75pip lot, then it goes to the 2nd one at 2 lot and yet everyone fails. So much fail but we loose now still only 75 pips (eventhough it was 2 lot for every trades) as the first seq was a success.
If success trade at this level, Trade 2 will stop only here and go back to trade 1lot and keep profit of 3 lot (1+2).
3rd trade and the rest will go on to trade the next level.
For indicators I still use the macd with some mas lines. Since it work well for the platform on test with it. But now it dont have when to close (maybe in the future) and no need for kill switches either.
Ok so heres how it works
There are 5 sets of Buy or Sell switches.
The 1st one is at 1,2 only for Paroli seq. 2nd at 1,2,3 so on until the 5th one at 1,2,3,6,12,24 which is a lot.
Anyway we are still with the fact that we'll loose on if the 1st or 2nd trade fail at 1 lot fo 15pips. Other than that the trade break even.
At anytime when the indicators favors all 5 trades will open. Worst case scenarios when that trade fails where the losses will be 15 x 5 = 75 pips on 1 lot (or any amount adjusted)
When this happens the trade will readjust back to trade on 1 lot.
Lets say now the 1st trade sequence suceed we got 75pip lot, then it goes to the 2nd one at 2 lot and yet everyone fails. So much fail but we loose now still only 75 pips (eventhough it was 2 lot for every trades) as the first seq was a success.
If success trade at this level, Trade 2 will stop only here and go back to trade 1lot and keep profit of 3 lot (1+2).
3rd trade and the rest will go on to trade the next level.
Monday, April 13, 2020
MCO for the MT4s
Here are some alterations to the MT4 platforms.
Face the facts that some of the robots are better put out of commission.
Since these merely demo accounts, some of the liteforex mt4s are injected with funds
655 will run macd3 only
186 (formerly jolters3) will hots MOC2 after 10k injection
434 marti/paroli 10k injection - no alterations yet
467 also being inject 10k
In the spirit of MCO target at 10% of what your started fund
Stop when you got there
Look for 4 winning consecutive trades, then you are done. Trades will still run to make up the losses but when it reached the traget figure, all trades will stop.
Also some modification to mco2
- running profit to stop robot if reached target (maybe set manually) when target is within reach
- stop all POs and Orders when Fund target is reached in the balance
Face the facts that some of the robots are better put out of commission.
Since these merely demo accounts, some of the liteforex mt4s are injected with funds
655 will run macd3 only
186 (formerly jolters3) will hots MOC2 after 10k injection
434 marti/paroli 10k injection - no alterations yet
467 also being inject 10k
In the spirit of MCO target at 10% of what your started fund
Stop when you got there
Look for 4 winning consecutive trades, then you are done. Trades will still run to make up the losses but when it reached the traget figure, all trades will stop.
Also some modification to mco2
- running profit to stop robot if reached target (maybe set manually) when target is within reach
- stop all POs and Orders when Fund target is reached in the balance
mco2 going for the big time
Have modified how mco will operate .
Now it has daily target which is how much to get in a day. When the target is reached, the robot would stop by not doing anything anymore. It will however delete any POs if they are around. An alert will appear saying that target had been reached for the day. Also a thick white line noting the end of trading for the day.
Now there is no need to decide either to Buy or Sell for the first trade as it will look if the candle close above or below emas100. It will be activated only once.
So starting of the day, decide what the target is then this will decide what the 1 lot will be.
Then let trade ride.
It will draw a light blue dashed line at the start of Trade and POs
In the future maybe a time sensitive when to trade and not to trade will be smart move this is to avoid what happened last Friday in the last minute of trading day. So much trades met losses and it'll open pending orders both Buy and Sell. This is of course anomaly at the end of the week.
Before we close this is the nature of Paroli (as far as I know) at the moment
Its like trade bigly with a risk but if you loose you dont loose anything (yes this is true) except if you were hit after the first win where you loose 1 lot equivalent. As 1-2 = -1.
Just to remind you, in the P system losing the 1st and 2nd trial will both bring you -1 lot loss. After that its 0 losses as the gain minuses the losses.
But say if you loose in the 3rd, 4th or 5th you will return to 0 (if you dont mind the small losses in terms of spread and commission). So it does not mean that if loose 12 times in a day that is equivalent to 10% of your balance losses for the day. The fact is if you loose 12 times on the1st and 2nd trade only. BTW thats a lot of trades that going to loose that way.
And at the current Sequence i.e. 1,2,3,6 you only give 12 trials to win.
What if you square off right after you reach the 3rd trial ? It may not be very big but at least you won for the 2 previous losses ? Not bad as you gain *60 which can make up to 6 losses or 6 trials. Meaning that if a sequence started to go to the 2nd trade and loss, its still as 1 losses. No matter if it loose in the 1st trial as one loss too.
So you need to make an equivalent 3 attempt wins as equal to 4 attempt wins. 2 x 60 = 120
What if you let it continue to 5th one that will be a satisfactory 240 !! BTW this is based on 10 and not 15 pips, right from the "*" above. 👦👦👦.
I would suggest you have a choice to make the rounds for 3, 4 or 5 attempts. Quite simple in making Buy/Sell with killswitch with different Paroli sequence.
The beauty is if you have got 4 consecutive wins you hit your target for the day. However the robot will still run to let you reach your target. It would definitely stop in mid cycle if your target is reached
which will 1 trade, 2 trade or 6 trades for the 3rd.
Thing is we can let the trade stop completely without it bother to gain the little losses. Just to tweak on the robotics in future adjustment.
So lets see how mcos performed for the week.
Now it has daily target which is how much to get in a day. When the target is reached, the robot would stop by not doing anything anymore. It will however delete any POs if they are around. An alert will appear saying that target had been reached for the day. Also a thick white line noting the end of trading for the day.
Now there is no need to decide either to Buy or Sell for the first trade as it will look if the candle close above or below emas100. It will be activated only once.
So starting of the day, decide what the target is then this will decide what the 1 lot will be.
Then let trade ride.
It will draw a light blue dashed line at the start of Trade and POs
In the future maybe a time sensitive when to trade and not to trade will be smart move this is to avoid what happened last Friday in the last minute of trading day. So much trades met losses and it'll open pending orders both Buy and Sell. This is of course anomaly at the end of the week.
Before we close this is the nature of Paroli (as far as I know) at the moment
Its like trade bigly with a risk but if you loose you dont loose anything (yes this is true) except if you were hit after the first win where you loose 1 lot equivalent. As 1-2 = -1.
Just to remind you, in the P system losing the 1st and 2nd trial will both bring you -1 lot loss. After that its 0 losses as the gain minuses the losses.
But say if you loose in the 3rd, 4th or 5th you will return to 0 (if you dont mind the small losses in terms of spread and commission). So it does not mean that if loose 12 times in a day that is equivalent to 10% of your balance losses for the day. The fact is if you loose 12 times on the1st and 2nd trade only. BTW thats a lot of trades that going to loose that way.
And at the current Sequence i.e. 1,2,3,6 you only give 12 trials to win.
What if you square off right after you reach the 3rd trial ? It may not be very big but at least you won for the 2 previous losses ? Not bad as you gain *60 which can make up to 6 losses or 6 trials. Meaning that if a sequence started to go to the 2nd trade and loss, its still as 1 losses. No matter if it loose in the 1st trial as one loss too.
So you need to make an equivalent 3 attempt wins as equal to 4 attempt wins. 2 x 60 = 120
What if you let it continue to 5th one that will be a satisfactory 240 !! BTW this is based on 10 and not 15 pips, right from the "*" above. 👦👦👦.
I would suggest you have a choice to make the rounds for 3, 4 or 5 attempts. Quite simple in making Buy/Sell with killswitch with different Paroli sequence.
The beauty is if you have got 4 consecutive wins you hit your target for the day. However the robot will still run to let you reach your target. It would definitely stop in mid cycle if your target is reached
which will 1 trade, 2 trade or 6 trades for the 3rd.
Thing is we can let the trade stop completely without it bother to gain the little losses. Just to tweak on the robotics in future adjustment.
So lets see how mcos performed for the week.
Sunday, April 12, 2020
The thing is about Paroli
Maybe this is my holygrail of money management in Trading forex. Lets elaborate
We tried out with Martingle even thinking that was the HG of trading forex. We know the gigantum risk of it being going the other wary round and busting the account in no time. But as long as the Fund in the balance is comfortable and the lot you make per trade is small its OK. Until you saw trades that went into the 7th sequence and still loss and you bust your account. Maybe it for the day of 10% of your balance but that is not good enough. But at least it set up the "what if" scenario for Paroli.
Now the nitty gritty of Paroli
What you hope for is to make success trade 4 in a row.
If you fail after the 1st trial (the 2nd trade)you loose 1 lot. If you loose in the 2nd, 3rd or 4th you loose nothing (except for the spread).
If you succeeded till the 4th trade your earn a gigantic 22 lot.
Meaning that you can afford to loose 22 times after the 1st trade and still break even at the end of the day if you only have 1 four continuous winning trade.
Holy smoke this facts is correct.
So what if like the Marti system you have a target of 10% win or loose a day. Upon reaching that you stop for the day and wait for the next day. Wouldnt that be good ?
The Paroli system is 1,2,3,6 Whats important what is the value of 1 lot.
But remember in a trading day you must have losses so that should decide how far off to your 10% target which by itself is what i want for a month.
We tried out with Martingle even thinking that was the HG of trading forex. We know the gigantum risk of it being going the other wary round and busting the account in no time. But as long as the Fund in the balance is comfortable and the lot you make per trade is small its OK. Until you saw trades that went into the 7th sequence and still loss and you bust your account. Maybe it for the day of 10% of your balance but that is not good enough. But at least it set up the "what if" scenario for Paroli.
Now the nitty gritty of Paroli
What you hope for is to make success trade 4 in a row.
If you fail after the 1st trial (the 2nd trade)you loose 1 lot. If you loose in the 2nd, 3rd or 4th you loose nothing (except for the spread).
If you succeeded till the 4th trade your earn a gigantic 22 lot.
Meaning that you can afford to loose 22 times after the 1st trade and still break even at the end of the day if you only have 1 four continuous winning trade.
Holy smoke this facts is correct.
So what if like the Marti system you have a target of 10% win or loose a day. Upon reaching that you stop for the day and wait for the next day. Wouldnt that be good ?
The Paroli system is 1,2,3,6 Whats important what is the value of 1 lot.
But remember in a trading day you must have losses so that should decide how far off to your 10% target which by itself is what i want for a month.
Friday, April 10, 2020
Welcome mco1
This some sort of jolter version. It does not depend on any indicators just some sort of price action. So here s how it work
1. When you start decide either to buy or sell. Does not matter where. It has a killswitch to kill the execution after a trade is open. In future maybe I can make a 1 pass open a trade when the candle close or open basing on some indicators. Simple as that.
2. When a set of trade openm 1 will be an instant trade of 0.1 Lot with 15pips TP/SL. The other 3 are all pending orders with same TP/SL. The lots follows Paroli which are 0.2, 0.3 and 0.6. This not using FXD mm robot rather than setting the POs.
3. The idea is to profit in all the trades. If thats the case meaning that the price travel for 15 x 4 = 60 pips. You won $120 easy peasy. Then the cycle will start again as it will open the same set of trades following the same direction.
4. If say price turned round say in the 3rd trade which is on 0.3 lot and hit SL, robot will close the last PO which was not hit and open an opposite set going short. Remind me to make a gap so that there will not be times when 2 trades are opened.
5. Lets continue. So its now going south. Say it was only temporary and it went up north hitting a Sell stop loss resulting the robot to close all 3 POs and start a new one North. So you get the point of how MCO1 works.
Remember that this is Parolli for any losses in the same direction only result in breakevens (or slight losses to the gap) The prize will always be when it achived 4 straight wins. That would break even 12 straight losses.
Hoping this to work well. Only that price movement today is slow and ranging.
1. When you start decide either to buy or sell. Does not matter where. It has a killswitch to kill the execution after a trade is open. In future maybe I can make a 1 pass open a trade when the candle close or open basing on some indicators. Simple as that.
2. When a set of trade openm 1 will be an instant trade of 0.1 Lot with 15pips TP/SL. The other 3 are all pending orders with same TP/SL. The lots follows Paroli which are 0.2, 0.3 and 0.6. This not using FXD mm robot rather than setting the POs.
3. The idea is to profit in all the trades. If thats the case meaning that the price travel for 15 x 4 = 60 pips. You won $120 easy peasy. Then the cycle will start again as it will open the same set of trades following the same direction.
4. If say price turned round say in the 3rd trade which is on 0.3 lot and hit SL, robot will close the last PO which was not hit and open an opposite set going short. Remind me to make a gap so that there will not be times when 2 trades are opened.
5. Lets continue. So its now going south. Say it was only temporary and it went up north hitting a Sell stop loss resulting the robot to close all 3 POs and start a new one North. So you get the point of how MCO1 works.
Remember that this is Parolli for any losses in the same direction only result in breakevens (or slight losses to the gap) The prize will always be when it achived 4 straight wins. That would break even 12 straight losses.
Hoping this to work well. Only that price movement today is slow and ranging.
Thursday, April 9, 2020
They Restart MT4s
Now i realised that at the beginning of each day, they'll restart the Mt4s. Nothing wrong with that as I see so far.
macd3 faulty open many trades
Had fixed macd3 to a few more pairs rather than GU and EU alone i.e. AU, UCd, NU and UJ
Saw that macd3 open many trades when crossing ML and SL. This must be on the 1 hr when it is allowed to open as much as 6 trades. Problem is, that was mend to open each time it cross and not all at once at the same time. So must find a remedy.
Its noted that it wont open any more trades after a length of time.
Thou trades are hard to find, they can make money if it wait long enough.
Rectified the problem by creating a time filter basing on once a bar (1hr) to activate it. It works as we see with NU which opened only 1 trade ( so far)
Saw that macd3 open many trades when crossing ML and SL. This must be on the 1 hr when it is allowed to open as much as 6 trades. Problem is, that was mend to open each time it cross and not all at once at the same time. So must find a remedy.
Its noted that it wont open any more trades after a length of time.
Thou trades are hard to find, they can make money if it wait long enough.
Rectified the problem by creating a time filter basing on once a bar (1hr) to activate it. It works as we see with NU which opened only 1 trade ( so far)
Tuesday, April 7, 2020
macd3 changes
SL is now set to last 1-20 candles lowest or highest for 1hr TF (3,4)
Paroli (reversed Marti) is now change to custom betting 2,3,6
The comments of macd3 is 22, which i think should be change in due time.
Paroli (reversed Marti) is now change to custom betting 2,3,6
The comments of macd3 is 22, which i think should be change in due time.
macd3 lots gone wrong
😹😾Well today theres some misses for trading.
1st the internet was disconnected for about 5 hours and i did not realize. The solution is simple by having an email notification to the phone, but then gmail smtp has a problem. So will keep on finding a solution. One very obvious one is to change the main trading to a reliable desktop CPU for goodness sake.
2nd. A blackout for nearly 1/2 hour. Had to wait to turn on the switch again as afraid it would trigger again. Not a big loss but yet it defeat full accuracy. Still it is now far much better than the senseless tripping before the fuse was upgraded.
3rd. Definitely a stupid and careless mistake for this one. I did not attach back the macd3 robot for I dont know how long. So all that while there was no macd3 trading at all.
Now will write more on macd3 and why it could be the ultimate robot for the job.
1st the internet was disconnected for about 5 hours and i did not realize. The solution is simple by having an email notification to the phone, but then gmail smtp has a problem. So will keep on finding a solution. One very obvious one is to change the main trading to a reliable desktop CPU for goodness sake.
2nd. A blackout for nearly 1/2 hour. Had to wait to turn on the switch again as afraid it would trigger again. Not a big loss but yet it defeat full accuracy. Still it is now far much better than the senseless tripping before the fuse was upgraded.
3rd. Definitely a stupid and careless mistake for this one. I did not attach back the macd3 robot for I dont know how long. So all that while there was no macd3 trading at all.
Now will write more on macd3 and why it could be the ultimate robot for the job.
5 hrs of trade gone unattended
There is a big problem with the Acer laptop cum main trading machine. It can be disconnected from the internet as it please (sure when something is not right). And it had done that for 5 hours today without me noticing. So we need some precaution to remind us that there is no trade due to disconnection and I must attend to it. So I am looking for that tool if any from the internet. Yes the MT4 can do it by alerting thru sms but that cant be done right now due to some technicalities.
Monday, April 6, 2020
macd3 - different than its pred
Quickie
/ Parolli not seem to be working even the small wins in 22.
/ Easily closed at 25 pips.
/Seem to closing lots of the trades when its in profit. So put a kill switch to activate this function on/off. Now off. So trades wont be closed automatically. Will be doing this manually. Until problem is resolved.
/ Parolli not seem to be working even the small wins in 22.
/ Easily closed at 25 pips.
/Seem to closing lots of the trades when its in profit. So put a kill switch to activate this function on/off. Now off. So trades wont be closed automatically. Will be doing this manually. Until problem is resolved.
psarccisma1 - the 5m scalper (sound like a walter filter brand)
Go this strategy from youtube. Kindda of unique of how it uses psar crossing sma as part of entry sign. Also it modified the macd settings to make it more smooth in the curve. TP is at 10 and SL of the last high or low.
So have it a go on the 5m EU (this the para it only recommend)
So have it a go on the 5m EU (this the para it only recommend)
Labels:
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psarccisma
Saturday, April 4, 2020
The Parolli Method
💀 This is a variation of the London breakout. But it only takes the high and low of the 10 and 11 hr candle.
Place some sort of trade with TP/SL at 20pips basing on Paroli 4 level which is 1,2,3,6. Beginning at the highest high or lowest low of the 2 candles. As it is, if fail, then lot goes back to 1 so on and so forth. If it wins (say on the long side) trade should carry on till what time ?
Create a robot for this. It could also be a pending orders (for the first 4 trades) at 1,2,3,6 . Only thing it has to be real smart to delete the pending orders in case 1 trade fail.
Exciting time ahead 👾
Place some sort of trade with TP/SL at 20pips basing on Paroli 4 level which is 1,2,3,6. Beginning at the highest high or lowest low of the 2 candles. As it is, if fail, then lot goes back to 1 so on and so forth. If it wins (say on the long side) trade should carry on till what time ?
Create a robot for this. It could also be a pending orders (for the first 4 trades) at 1,2,3,6 . Only thing it has to be real smart to delete the pending orders in case 1 trade fail.
Exciting time ahead 👾
New hope for exotic money management
💁 I was just browsing through youtube normally when i came across Parolli betting system. Of course this one applies to Casino, but it could be applied to forex trading just the same. As expected, the video made comparison with Martingle. Actually it is the opposite of it. The thing is Marti increase the lot on losses just to win 1 unit. As we all know without us realising it can spell disaster we know it.
So Parolli is the opposite. What I did not want to realise is that if the trades are good and wins after wins it would increase the money in no time. As always the secret is not to be too greedy and 2nd thing is to have a good winning strategy, at least 4 times win in a row. Let me explain.
Before that lets look at this table
Seq Lot W/L $ $acc
1 1 10 10 10
2 2 10 20 30
3 3 10 30 60
4 6 10 60 120
5 12 10 120 240
6 24 10 240 480
7 48 10 480 960
8 96 10 960 1920
9 192 10 1920 3840
10 384 10 3840 7680
Sorry the allignment may not be that accurate but lets continue anyway.
👺 The Philosophy is this
Increase your trade to the next suggested lot if you win. If you do loose (without considering commission for this calculation) you loose Break Even.
From the table if you win 10 times in row you gain 768X of what you initially put in.
Yeah seem far fetch but if you can do this why not. All there is to gain and nothing to loose - thats the moto.
Now here is a size down version of Parolli taking into mind not to be too greedy or over confident that the trade can win on and on.
Just make increment in 4 consequently winning trades i.e 1,2,3 and 6. If you win by the 4th time you got 12X what you put in and your trade go back to 1.
If you loose you keep on trading with 1. Meaning that if you have loss 12 times in sequence 1 sequential winning like this will break even your losses. Kindda cool isnt it ?
So Parolli is the opposite. What I did not want to realise is that if the trades are good and wins after wins it would increase the money in no time. As always the secret is not to be too greedy and 2nd thing is to have a good winning strategy, at least 4 times win in a row. Let me explain.
Before that lets look at this table
Seq Lot W/L $ $acc
1 1 10 10 10
2 2 10 20 30
3 3 10 30 60
4 6 10 60 120
5 12 10 120 240
6 24 10 240 480
7 48 10 480 960
8 96 10 960 1920
9 192 10 1920 3840
10 384 10 3840 7680
Sorry the allignment may not be that accurate but lets continue anyway.
👺 The Philosophy is this
Increase your trade to the next suggested lot if you win. If you do loose (without considering commission for this calculation) you loose Break Even.
From the table if you win 10 times in row you gain 768X of what you initially put in.
Yeah seem far fetch but if you can do this why not. All there is to gain and nothing to loose - thats the moto.
Now here is a size down version of Parolli taking into mind not to be too greedy or over confident that the trade can win on and on.
Just make increment in 4 consequently winning trades i.e 1,2,3 and 6. If you win by the 4th time you got 12X what you put in and your trade go back to 1.
If you loose you keep on trading with 1. Meaning that if you have loss 12 times in sequence 1 sequential winning like this will break even your losses. Kindda cool isnt it ?
Friday, April 3, 2020
The Marti and Variation acct is getting thinner by the hours !
😔 ✋ Well I dont know which one but its making the main account thinning pretty quick. Especially as they are robots which you are not going to monitor all the time, having them the freedom to do what they want could be a huge problem. Maybe its time to call it quits ??? Maybe it work on a bigger time frame with bigger TP/SL, perhaps it would.
Not to disregard them but to put these at the back of your mind.
There are other things to look at especially in this hard and trying times. Covid 19
Not to disregard them but to put these at the back of your mind.
There are other things to look at especially in this hard and trying times. Covid 19
Getting tired of the complexity of trading which is self made
Trying to learn and analyse how i am making with the older robots.
Had a look at emas1 which was a dismay. It has both trades on the 5m and 1 hour. As for GU both end up with a loss. Only EU had a profit of $80 or so in its 1hr trade and went red in 5m.
So what is trading this way and its not even 1 week and we are down by $1,500 and more.
So the formula is to KISS keep it simple stupid !
- lets discuss
1. Trade only your most familiar pair which is GU
2. Trade long term 4hr and 1hr
3. Have a long term TF (4hr) against your short term 1 hr.
4. Adjustable money management according to your % risk base on SL
5. Trade only with the .lowest number of indicators (could be even 1?) In this case macd
6. Trade according to close of bar. Solve the problem that one close would not result in the other open. Solve this as it can be a pain in the ass
So how do i trade it. KISS
Use macd.
Use the ML against the SL line.
If in 4hr TF its long ML is above SL, go for that in the 1hr
If the situation reverse, close only if its profiting if not let it go. Compulsory close when the 4hr reverse.
Other variation you can add on to this
- Add more trade when the ML line cross the 0
- Layer your trade by taking more position if the current have not close (as its losing) if the same setup arise. Or open another trade at each near candle
Had a look at emas1 which was a dismay. It has both trades on the 5m and 1 hour. As for GU both end up with a loss. Only EU had a profit of $80 or so in its 1hr trade and went red in 5m.
So what is trading this way and its not even 1 week and we are down by $1,500 and more.
So the formula is to KISS keep it simple stupid !
- lets discuss
1. Trade only your most familiar pair which is GU
2. Trade long term 4hr and 1hr
3. Have a long term TF (4hr) against your short term 1 hr.
4. Adjustable money management according to your % risk base on SL
5. Trade only with the .lowest number of indicators (could be even 1?) In this case macd
6. Trade according to close of bar. Solve the problem that one close would not result in the other open. Solve this as it can be a pain in the ass
So how do i trade it. KISS
Use macd.
Use the ML against the SL line.
If in 4hr TF its long ML is above SL, go for that in the 1hr
If the situation reverse, close only if its profiting if not let it go. Compulsory close when the 4hr reverse.
Other variation you can add on to this
- Add more trade when the ML line cross the 0
- Layer your trade by taking more position if the current have not close (as its losing) if the same setup arise. Or open another trade at each near candle
kiss MACD2
When i look at it, there are so many trades that did not work out well. Perhaps because they are complicated.
So here comes macd2 to replace macd1. A simple robot which base its trades on the 1hr and 4hr macds. If ml is above sl in both TF, take a Buy trade. If its the reverse in the 4hr tf, exit the trade. Exit if the same situation occurs in the 1hr ... only if the trade is in profit.
So here comes macd2 to replace macd1. A simple robot which base its trades on the 1hr and 4hr macds. If ml is above sl in both TF, take a Buy trade. If its the reverse in the 4hr tf, exit the trade. Exit if the same situation occurs in the 1hr ... only if the trade is in profit.
Thursday, April 2, 2020
Just for thought on Marti and Ashi
What if there is a safety move just not to let the trade go bad when it could be have be save even a bit.
Heres how. BTW this apply to Marti Ashi ADX strategy as thats where it can be applied
Say the trade is profiting pass commission level (say $1)
Then price turn round and the D+ dip below 20 ( say this a long trade)
Also the HA turn red 2 in a row (m1 h1 and h2) so why not have a close if profit feature ?
Problem it all depend on how much the lot is playing. If too big closing it will make the robot to think it was a win and recycle the trade to 1.0 which will not be of any purpose.
A complete marti would determine what level of Break Even is allowed for each lot which can be complicated of course.
Heres how. BTW this apply to Marti Ashi ADX strategy as thats where it can be applied
Say the trade is profiting pass commission level (say $1)
Then price turn round and the D+ dip below 20 ( say this a long trade)
Also the HA turn red 2 in a row (m1 h1 and h2) so why not have a close if profit feature ?
Problem it all depend on how much the lot is playing. If too big closing it will make the robot to think it was a win and recycle the trade to 1.0 which will not be of any purpose.
A complete marti would determine what level of Break Even is allowed for each lot which can be complicated of course.
Reviews of Martingles and Louberchere and 1326
6 adxha1
Thou late in taking the trades as it look for the time when HA crossed the e100 in the 1m TF, this is the best seen yet. The collection is puny where a days work is merely 6 lot. This also means it tried 6 sets with only 1 success on 1 try (thats not smell a success). The max its gone is on the 3rd try (0.4)
2 trials. The rest is on 2 trials. Could be improved further
8 Lab
This is the first time trying this MM. But the strategy is also brand new. Earlier had strings of losses making me change the LT tf to 15m from 1 hr. STf still remains at 5m. Also added the D+ or D- must exceed value 20 in the 5m to take any trades. Hope to see this works. Does not seem that reckless than Marti but may take longer time to recover.
9 marti4-1326
Well shouldnt name it as marti. Anyway this is a new betting system which I learn from FXDreema text instruction. By comparing it with marti3 with the big loss of 380 which brought the whole system to a question mark/ But if the trade were to be on 1326 it would have registered a 190 winning trade. And this trade is hard working which what i think what a robot should be.
Now on post morteming i discovered that 4 sequence trades should not have happened for Marti3. As it was in the wee hours of Tues. Anyway marti41326 is a revised strategy using only the ADX and HA. It could have been name that BTW.
Anyway as it is with Marti3 i could traced the win and losses and apply it on Marti3 if it was the strategy that applies.
If one is to play very safe then adopt version 6 (as above) slow but steady. In fact if the target was a mere 10% a month this aint a bad idea at all.
Wednesday, April 1, 2020
Just like Covid-19, Get more data then you know what next to do
Just like the dreaded C19 taking similarity to my robot forex trading (the more accurate term) the more i see failures in the robots, the more data i got, the better clarity how i can work them for the better.
Example, I am seeing a long of small losses in macd1. Thats an opportunity to post mortem them and see how the robot can be improved to avoid the small losses in the future. Capice ? Yes I am
Example, I am seeing a long of small losses in macd1. Thats an opportunity to post mortem them and see how the robot can be improved to avoid the small losses in the future. Capice ? Yes I am
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