smurf43

In response to yusefamini's request, here is the Forex VSD complete system.
Includes all indicators including .tpl file and Manual pdf
forexVSDcomplete.zip (183.33KB)
https://www.sendspace.com/file/thvnga
 
Cheers all,
Cash.:)
 
 
 
http://i60.tinypic.com/s5z0jk.jpg

Yep, Magelan can hold averaging trades for months. You would expect that with correct risk management that these trades eventually average out, and whatever successful balance gains that you make per month are kept.
 
The reason why I posed that 1% risk is best is because I ran the EA on three pairs with total of 3.0 risk and it very nearly blew my account up with over 75% drawdown.
That said, before that point, the EA was raking in 15%-23% monthly -- which by all standard of safe robot investing, was incredibly risky!... and the profits are only really good if the account DOESN'T BLOW UP!
 
Basically you can see in the charts that the GBPUSD and the USDCAD just went unidirectionally up with no retracement whatsoever. Even though I closed out my EURUSD trades to breakeven, those two pairs with 1.0 risk apiece were still capable of sinking my account. Neither of them could stay inside the 30% drawdown promised per 1% risk!
Additionally with more than one pair, the account was in constant drawdown. At some point it's nice to have balance and equity be the same (for cash withdrawal!)
So if I run Magelan again, I'm sticking to 1.0 risk on the EURUSD
 
....but I just don't like the way Magelan trades. I reverse engineered it, and it just chases rising and falling currency. It doesn't buy in dips and sell at peaks like you're supposed to, and often makes really silly buy/sell trades at weekly extreme highs and lows, for very few pips, and often getting trades trapped.
 
Also, I'm taking a look at Kalinka's other robots, and Tornado FX seems to be making more money with lower drawdown that Magelan at the moment:-

http://www.myfxbook.com/members/KalinkaCapitalEE/tornado-fx-1500-alpari-nz/766397
 
Then again I am thinking of hacking Magelan, keeping the averaging system, and teaching it to take better trade entries.

After using Magellan for a bit, it's safe to say that it works best with one pair with NO MORE than 1.0 risk
Beyond 1.0 risk is too risky... and EURUSD seems to be the best pair with least averaging drawdown.
Tried GBP and CAD but both exceeded 30% drawdown... not optimised!
 
Also, with one pair, eventually trades will all clear out and give you an opportunity to remove funds from the account.
With many pairs, you could be stuck in drawdown for a long time (months!)
 
With only one pair on 1.0 risk you can't really expect much more than 5% per month... but that's OK anyway.
 
I read that even professional EAs are lucky if they make 40% a YEAR. So 5% per month is still doing really good.

You're being sarcastic, right?
 
Sure they get paid from the spread, or commissions, but they also get paid when they margin your account out -- which is what they don't tell you.
 
Think about it... You give them a pile of money, which they can use to make money themselves... And since they know that most traders lose, they ket you play around on their system with nothing. Tanking your account is the entire business, and it means nothing to them.
 
Look for the MT4 dealer plugins manual. They can mess with the spread, redraw candles on the chart, and they can see where all the aggregate stops and orders are, so they know where to initiate monkey business in order to profit.

The only way around this is to
(a) hedge
(b) hide tp and sl from the dealer
© NEVER scalp
 
(d) ...and know how to trade by noticing where the dealer smashed everyone's stops on the chart and trade with him

Here is link for median and regular renko charting kindly shared before by ii member paraxs. It is very good and you can select whether you want wick or not on Renko bars. You also have the option to adjust median renko bars to start other than the 50% level of the previous bar. It is worthwhile to test different levels to improve performance of your trading system. You may need to delete any decompiled header on mq4 files to get them to compile.
 
If you have or know of any good high percentage Renko trading system please post it.
 

www.multiupload.nl/YZD3KS9LZ4 Copy Turbo_Activate_dll file in the MT4 main folder...

Hi Marthart,
 
Did you mean a setting of 24,32,12 and not 32,24,12?
 
Can you please explain how you use it to trade using renko charts. Below is a 5 pip renko chart with BBMACD.
 
Thanks.
 
http://charts.mql5.com/3/11/eurjpy-oanda-corporation.png

Ouch.... maybe it was simply good luck that I stopped using XE this month?
 
I think Pyramid 8 would have survived this though. I see from the data that the averaging got very unlucky in places. Some early averaging trades followed by move up in limited koefficient lock, then some heavy averaging trades followed by Bernanke's killing move that pushed it just over the edge.

I'm going to do some more testing with Pyramid 8,and see if I can hack it a bit to make it more robust than XE2.2.... maybe do an XE 3 ;)
 
I really want to have an EA that can survive just about anything thrown at it.... although my concerns with Pyramid 8 is that the profitability isn't all that much. The reason is because averaging trades do not get placed and hit as often, and the koef_lock never rises all that much to make lots of money.
 
Thinking even further ahead, I think if I can hack the signalling system on it, and attempt to get it to make trades that I would take manually like Magelan does it could be really good. When it stuffs up, and hit's the "stop-loss", it will fall back to hedging to save the account.

This is detailed in the documentation.
 
In your example, let's say you have a huge pile of money and the first grid trade is 0.1 in size (which is huge for this EA)
Price goes up and hits this stop (the market saw it and wanted to hit it, probably as lots of market participants orders are up there)
But then as it tries to take your money (which is the markets JOB) it pulls back in the other direction hoping to hit your stop loss (or a location where enough market participants stop losses are!)
Thing is, this EA does not use stop loss because it hedges. After a certain distance pull back, the EA will trigger a short LOCK trade. At this point, the market is trapped. It can go either direction and you will end up profiting. Either it goes back long as collects more grid trades (more profit for you), or it pulls back further and cancels out the grid trade with the lock trade, closing all orders in break-even, small profit, or you get shafted a small loss by your broker in requotes. No big deal.
 
In the case that it goes and collects more grid trades, you get profit, but that lock trade is still open. Later on, the EA will drop an averging short trade to try again to close the loss out. If THAT gets hit, then the grid stops ratchet themselves up further with increasing lot sizes to offset the drawdown of increasing averging trades. In effect.... PYRAMIDING!
 
This continues until one of the averaging trades is broken back far enough to cancel out all the averaging trades and the initial lock (which is HIGHLY LIKELY because price must always retrace in the market... otherwise trend traders will easily empty the banks out, and the banks themselves won't be able to take a profit as they run out of equity too and need the retrace to get THEIR money back).
 
The only other situation is the bad one... it keeps going making averaging trades and increasing grid lot sizes until you run out of free margin (this is why you need large leverage, to be able to keep producing averaging trades and increasing grid lot sizes).... in such a scenario,your account explodes and it's game over. Additionally the increasing grid lot sizes increase your balance to further offset margining out.... but you can still burn your leverage.
 
I have never experienced this EA blowing my live account in trading. That's not to say that it can't happen. It's just VERY unlikely if you use low risk.
The averaging is not like martingale... as drawdown is spread over a VERY large range. It's safer than martinagle, but can suffer a similar fate if the market wants to blow apart it's typical ADR ranges for something insane.

Quick update on the bug.
 
I can't find any evidence in the log for the creation of the first stop trade, which is really weird. Additionally the trades occurred at different times.
 
Assuming that my broker isn't stuffing around with the EAs trades, I can only suspect that *maybe* the EA is returning to price points and adding the stops again.
This could probably be easily fixed by double checking the trades to ensure that no more than one averaging trades of the same lot size exists at any one time. That would mean that if the incident happens again, the EA corrects itself by wiping out one of the stops.
 
This would be an ugly work around. I'd still like to know why it happened to me so I can fix the issue at the source.
 
UPDATE: This also happened on the other pair, and yet again... NO INFO in the Experts logs. Both involve double sellstops. I'm suspecting broker tricks of some kind, or broker negligence.... or perhaps the sellstop calculations are ignoring the original trade but it doesn't explain why the second stop is not logged! Either way I will drop an extra routine in the EA to catch out this scenario and double check that the averaging trades are functioning correctly. In the meantime, everyone using the EA needs to keep an eye on averaging trades that may be doubling up. Easily recongisable by two averaging stop trades at the same price point with the same lot size. If you see that, delete one of them.

Might be an interesting addition.
 
I am also considering adding more features to the EA, but I want to do it in such a way that the core trading strategy is always available (essentially backward-compatible)
 
I've been wanting to implement the Pyramid 8 logic for a while. Essentially it only drops in lock and averaging trades based on EMA cross overs (instead of periodic levels based on pullbacks). This, is turn, makes the EA safer and uses less leverage.
 
I was thinking of coming up with a "Panic mode" for the EA based on this strategy. Once enough averaging trades have been hit, the EA would then not drop any more averaging trades unless it started to get EMA confirmation.
 
Now... I dislike the Pyramid Pro 8.01 EA because it is less aggressive and less profitable, but it is safer...., and I think some way of coming up with a hybrid trading system will get you the best of both worlds. In normal trading, the EA will be typically aggressive,... but if the EA is under threat, it will adapt to the conditions.... at least in theory.... in an attempt to ride out crazy price drops and other drastic market behaviour.... The goal being to help it survive crazy market crashes and other behaviour which could potentially kill the EA (Perhaps being able to close out all it's trades in profit/break-even and sit on the sidelines until things cool down).

1) I don't trust backtests very much and
2) ... 7 good years of trading before the market decided to kill everyone. If, by that time, you didn't withdraw your initial funds and save up enough to be able to start up the EA again when the prices had settled down again.... then yes, the EA would be unprofitable!
 
By my estimates, if you start an account with $5000, make 5-15% every month, you will hit a point in about 2 years when one months profit will be enough to cover your initial investment. Any more profit beyond that is a bonus... and supposing you need ALL the money in the account in some emergency.... it's there waiting for you.
Additionally, I would spend time testing and trying out other commercial bots in that case, to spread risk around on other strategies.
 
I believe that it's very important to learn how to trade manually too. EAs should really only be a backup to that.

Hi everyone. The document with the EA explains everything.
 
1) Yes you can run EU,GU, and EG on the same account... but you would likely have to lower the risk across all three pairs WAAAY down and make sure that you have enough leverage in your account. Personally, I don't run EG. Two pairs is enough.
2) Minimum starting fund is US$1500.... which would only allow you to run one pair. I recommend starting up with US$5000 and using EU and GU at 0.15 risk per pair
3) Best broker is a big question. Any broker with ties to a bank that gives you all the trading conditions that this EA requires. See the manual.
4) Best to have your account in $US, ...and $1500 will get you starting at 0.01 (1 microlot). Usually grid trades are at least 15 pips wide, so you would pocket about $1.50 per grid trade... and that's before koef_lock kicks in with averaging trades on a larger trend.

Looks like a broker issue. Did you read the broker requirements in the manual?
I know that nobody reads manuals anymore, but for this it's quite important.
 
How much money in your demo account? I'm suspicious that you aren't getting micro-lots from your broker because unless you have a huge demo account of over $10,000, the EA shouldn't be starting out with 0.1 lot grid trades. If you can't use micro lots, I think there is a way to use the EA, but you have to change one of the EA input settings (try setting alfa_lot = 1). In any case, I have not tried this.
 
Again, it's worth repeating that the broker requirements are fairly strict, but there's no reason why most brokers can't offer a decent environment for the EA.
 
Perhaps I can add a routine to the EA that will test it for being a decent environment in which to trade, before it starts doing anything.

Here it is, at last. I tested it for long enough and it seems to work just like v2.1, or at least I can't see any problems. There are no changes in the strategy. The code was simply fixed and cleaned up some more to compile on build 500 and above. Also I added a display for the leverage on the chart.
In fact if you want to study the code, it should be a lot easier now that the variables all make some sense.
 
If you're running XEv2.1 then you should be able to drop XEv2.2 in it's place and have it take over with all your trades. (Don't forget to apply your presets again!)
 
Don't forget to say thanks! This effort took a fair bit of work.
 
PS. The EA racked up over 10% this month on my live account. (Max drawdown was around 25%)
 

http://www.4shared.com/zip/IViBLvrH/pyxev22.html
 
A rather lengthy and detailed manual text file is contained in the package which goes into heavy detail about everything I know about the EA, how it works, and exactly how to use it. Please read and do sufficient testing in demo before running this EA live.
 
This EA is a hacked EA and of course, cannot come with any warranty if you lose money because you can't use it properly.
Of course, I cannot be held responsible if it makes you a boatload of money either. :P

OK! Well I finally found a copy of MetaEditor build 482 lying around, so I managed to get a compile of Pyramid XEv2.1 into ex4. I hope this helps everyone out who was having problems.
 
I hope MetaTrader gets fixed in future. Hopefully this ex4 will tide all of us over until we find out what the future holds for MT4. In any case we have source code, so even if we had to, we could port the EA to another platform!
 
I've reuploaded the EA with the ex4 included, and edited the manual to reflect what I've learnt since releasing XEv2.1
 

http://[email protected]/zip/vgRgwdi_/pyxev21.html
 
Don't forget thanks!

Ok, here it is at last. PYRAMID XEv2.1
 
This version includes the fix for when brokers meddle with the trade comments, and also adds a new input to allow you to close down all trades and stop trading gracefully, if that's what you want to do.
 
You should just be able to replace XE2.0 with XE2.1 on-the-fly if you have trades open.
 
Check the manual for all information.
 

http://[email protected]/zip/YJD9nFz9/pyxev21.html

Hi everyone,
 
As promised, I hacked the code of Pyramid 5.2 some more to fix the double grid trade bug. While I was at it, I cleaned up the code and removed some unnecessary bits.
Also I removed all the Russian text, translated it to English, and got rid a lot of code that just put junk on the screen that was unnecessary.
Also I tweaked the preset files, and fixed a few issues with them (namely the EURUSD did not have alfa_lot being 2, which meant that it didn't work on micro accounts!)
Also I imported a EURGBP set file from Pyramid 3.2, and tweaked it for use in this EA.
 
Now everything is all really nice... BUT I have not tested this EA as much as the original 5.2XE... so PLEASE if you use this EA, to do some testing with it before going live.
I am still testing this on a live account. It seems to be doing just fine, however, as it is essentially a trimmed down version of the original with an important bug fixed, and tested to work.
 
Don't forget to read the manual txt file in the archive! It will explain EVERYTHING.
 

http://[email protected]/zip/0wsSZaZx/pyxev2.html?
(Replace "@" with a)
 
...and enjoy free money!

I have taken screenshots of most supply/demand levels drawn by Sam Seiden in his FXstreet webinars from 2007 to 2012. These examples have helped me train my eyes to spot the good levels on the charts. The file includes around 200 screenshots.
 
I hope you find this useful.
 
https://mega.co.nz/#!PMkUEYzJ!UIFlIW-1S1U_MJdrzw1CB1HLnqE5WeMBI9ab46AxjZY

First of all I would like to thank juicyt for kindly sharing his system with us. I have made a copy of the charts and included the indicators to download from here:
 

h**p://[email protected]/download.php?a256a265l70uruu
 
Enjoy ;)

http://i47.tinypic.com/140xgtv.png
 
http://i46.tinypic.com/51sftv.png
 
http://i47.tinypic.com/11taqvm.png
 
 
alright, so what the cut off pic says is this: If the setup candle doesn't get triggered I cancel the order. But if market moves sideways without breaking it for a few or more candles, I will trade it. That is the only broken rule. It is a little price action with indicators.
 
Any questions, please ask but it should be self explanatory.. oh, the indicators are here I think : http://www.forexfactory.com/showthread.php?t=293684 and here : http://www.forexfactory.com/showthread.php?t=64018

Alright enough already.... I thought this was the way we rolled here now. Lead by example I mentioned on the other thread and it didn't change so I thought that was how it's all done. I was expecting people to beg and call me god or master. You know,stroke my ego or b@lls. Then I was going to only let people use the system via a team viewer or remote server type of thing if they opened up an account on my brokerage companies account (or the one I am associated with) and then possibly upsell my services and newer improved system. I also thought I would get the thread up to page 9 or 10 by now without yet sharing anything.
 
Damn I have to admit, when you don't really have a financial motive behind it, it is very hard to watch good people from this forum go through that rubbish or in this instance, begin to go through the same rubbish again.
 
So the truth be told, I do have a simple system that I really did trade at $100au per risk. It really does have clear rules and I will share it....BUT.... I have not tested it nor will I. It does take a little brain power and you will get some losses. But the wins will outweigh the losses. This of course is based on my observation of years now of looking at charts. So the next post I will lay it all out on the line!

For those of you who have followed me through the years here at Indo know that I have looked at almost every method that has come along; some I have used daily such as Rebellion and SRS, two of my favorites. Lately with all the changes in the world financial markets forex trading is not the same as it was when those products were introduced. Most trading today depends on the long term trend which is eating a lot of accounts alive. Therefore, I have decided to play with my own scalping technique which so far is doing quite well. I am trading on six pairs only which affords me opportunities when a particular currency is facing a news release. Keep in mind I do not trade micro of mini accounts so scalping for me can be quite profitable. At $10 a pip on six pairs, a 5 pip move can be rather nice. Unfortunately I cannot become another Rita or Karl Dittoman and sell this idea if it does indeed prove profitable as there are no special indicators or "secrets" involved. In another couple of weeks I will have a pretty good idea as to overall profitability and will let my friends here know my rules if your are interested.

http://lowriskcurrencies.com/featured.html
 
It is sound common sense strategy video which ends with bargaining from $197 to $19.95. If they need your money so badly that they beg for it most of the time it is not what you see on the video you are buying but something much less and different! That's my long time experience with Webinars, videos, promising systems and indicators.
Watch the video, it is a smart strategy, many of us already do it, but be patient with the finish of the video. I sent them email and asked for 2 weeks free trial. From experience I know that if they deny the free trial it is a sheet in chocolate. If it would be something worthy they would be not afraid to let me test it. We will see what comes in the email answer but I already smell it.
Cheers Hermes