askalas

In my opinion it's not worth the effort to think about "ad hoc filters"

The big players spent tons of money for their systems that simply scan the incomming headlines and excecute trades based on the content. Retail will never be as fast as they are...so always late to the party and a welcome victim of fake moves

 

I agree, but this discussion is in relation to manual traders. A manual trader may be acting a certain way due to something he watched on the morning news several hour ago. This would be the type of informal "rules" that is hard to implement.

I see you are thinking logical as a programmer :)

 

Just a comment on your last statement. The ad-hoc rules based on "current market conditions" I was referring to could be the manual traders understanding of the current market based on any number of inputs and consequently very hard to formalize. If not formalized, it would be close to impossible to retrieve that information. However, as you said, if he/she evaluates current market depending on some external information that could be formalized then we would be able to query that.

 

And taking the subject further for the fun of it...if we had a large trading history of the manual trader and as much formal rules a possible we could have the ea adapt to the trading "style" of the manual trader. Ie, using artificial intelligence, the ea could learn to trade like the manual trader and consequently fill in the missing informal rules. But now its not exactly simple ea coding any more :)

Coding - easy

Translating manual trading to formal rules can be hard if the manual trader doesn't follow a complete strict set of rules. I guess many manual traders have trading systems following a simple set of rules. However, that might or might not realize that they in practice use an additional set of ad-hoc rules based on "current market condition". The process of formalizing these additional and crucial rules is probably the hardest part.

 

Should be rewarding for a manual trader to do this as he can learn exactly how the manual trading strategy rules works formally.

Dear Nifty,

 

You trade as u like . But Without "STOPLOSS" ,it wll be a REAL GAMBLING.& Gambler Cannot make money, ie always out of money.

 

I'll tell u tht final result wll be "BIG ZERO" in coming days.Plse note my words.

 

"Trading method cannot depend on luck"

 

Plse dont take it as personal.

 

He just kindly told us that he uses stoploss but it is handled by an ea... However, whether or not to use server-side or client-side (hidden) stoploss is a different topic :)

To all those people who are against not having a stop loss.....there is no need to have a stoploss if you know where the price is going and you are not trading near news times....price doesnot jump 300 or 400 pips without a reason...I never use stop loss and can confidently put in a big lot trade knowing that it is going in my anticipated direction...

 

Sure, price doesn't jump 300-400 pips for no reason. But every now and then unplanned/unscheduled reasons(events) happen... How do you manage those without stoploss?

yes, looks like you are at least temporary right sesshoumaru :/ I haven't completely run out of curiosity. Are you perhaps using larger s/r as argument for keeping, and adding to, the currently loosing trades? Would be nice with a comment from the trader about the current situation.

Interesting hedge, if I'm not completely wrong you are currently short eurusd, usdchf, gbpjpy and long gbpusd. Audusd and eurjpy are fully hedged.

 

Is this how you normally handle drawdowns? Adding/hedging instead of exiting? Not criticizing, just curious.

 

Can't wait to see how these trades plays out :)

Here's something you can try if you're using Metatrader:

Find the ip adresses for each server and manually enter the ip adress for the server you want. For example, http://www.alpari.co.uk/en/manage-account/ip-address-list.html shows different server ip's for a single broker.

http://foreximpact.zendesk.com/home

 

Broker arbitrage. Save your time and money. This will work extremely well on demo accounts as there is little or no slippage. Works in theory on live accounts even with slippage but only on bucketshop accounts. And they will not allow you to profit from it for long if at all. They'll add time to your orders when they find that you are profitable and that will definitely kill the arbitrage. I once drew up a live micro account several hundred percent in only a few hours. However, before I understood that the broker had added a few seconds to my orders I was back to square one.

 

How about ECN accounts? Well, yes, if you can find the right combo of brokers and execution environment it could work. However, realize that you are now getting close to the hft arena of the big boys. Good luck with that Sir ;)

If not too time consuming I can provide you with updates to the ea. Fun stuff if it works. First off is finding patterns for some kind of beat perhaps? How about atr(40) indicator? It has a nice "beat" to it :)

Hehe, I like it :) Its not tested as I have no sound files that wouldn't drive me insane in a couple of seconds:

http://www.4shared.com/file/csLC8MgG/SoundCrazy.html?

I've reported this phishing attempt. I'm upset that I actually fell for it :( The attacker had about a minute of time to explore my account here before I changed my password. I'll track and report the attacker now.

Also received it. If you have used it and "logged in". Change your password here at Indo immediately!

Hi acosma, there are probably a lot of people using indorun. And I also believe it is only you who can decide if you're willing to take the risk that comes with it. You also know that if you stay alert and away from the market during news you reduce the risk significantly. I'm curious, what profit%/DD ratio do you have?

Ok, fun is over. I know some of you got offended by my april joke but hey, thats how it works and I posted it in a thread with the obvious theme. It took me about an hour to create this EA. I decided to create a "holy grail" EA that would perform nearly perfect in a backtest with 99% tickdata and it had to be completely harmless. I even threw in a "kickazz" parameter :) And because of the "please educate" spirit of this forum I just had to go all the way so I added the decompilation protection.

Feel a little bit sorry for you guys so I made something special for you:

http://www.4shared.com/file/0t8jDOp_/RockNRoll_StrategyTester.html

 

Here's the EA:

http://www.4shared.com/file/WFvZ58jg/e_RockNRoll.html

 

You'll need Guardian protection software to run it:

http://www.4shared.com/file/wvHWRtPY/setup-guardian.html

 

License: 2B3D277D36AEE0F60DA74F83465BC88A

 

Have a nice weekend ;)

 

Ps. This is a scalping system and I've used it primarily on GBPJPY 15m but you're free to try in on other pairs.

 

 

 

------

SN - Careful with that guardian software. It could be sending your MT4 details onto others.

Thanks termar, I was just going to look at the ea when I spotted these code segment:

bool Work=true;                    // EA will work.

 

and

if(Work==false)                              // Critical error
{
      Alert("Critical error. EA doesn't work.");
      return (0);                             // Exit start()
}

 

Great stuff! :D

Hi!

 

I got tired of repainting indicators so this evening I've just put together a little EA that is supposed to identify repainting indicators. I has its limitations but I think it has the potential of finding repainting indis pretty good.

 

Could use your help in testing and giving suggestions!

 

Usage:

Backtest with M1 data and "Open prices only" mode.

Preferably visual mode

Input params should be fairly obvious.

 

Give it a go please:

http://www.4shared.com/file/Wzi8rBtS/RepaintTesterEA_v01.html

 

If you want, send indicator name+result(repaint/no repaint) as PM to me. This way, I can compose a list of all the results.

 

Todos:

* Use of non-default params for indicator

* Automatic test of multiple indicators

* Other timeframes

Thanks for the Google hint. I'll definitely have a look. And I think we are in complete agreement about how this can and can not be used as an edge.

Alright, fixed 1 and 2 (4/5 digit brokers). Also fixed a couple of other bugs along the way. Enjoy:

http://www.4shared.com/file/LzEh8Kgh/MBQuikScripts_Fixed.html

Hi soundfx. Can you remember where you found this info?

 

There are a couple of things that comes to my mind when reading this. First, we are talking about a triangular relation here where GBPUSD*USDCHF*(1/GBPCHF)=1 (+/- minor market imperfektions). This means we can calculate GBPCHF using GBPUSD and USDCHF where GBPCHF = GBPUSD*USDCHF. Consequently, any one-directional movement of GBPUSD/USDCHF is greater in GBPCHF.

 

But! This says nothing about the future movements. You can easily calculate the above but it still says nothing about whats to come. Simply put, you can not just watch GBPUSD/USDCHF move up and then simply take a GBPCHF long position. Well actually you can, but then its gambling :)

Yeah, that would be awesome :D

Sorry for the sarcasm but a perfectly lagging and correlated pair would be a true holy grail. If you aim in this direction you might find pairs that lag from time to time but I very much doubt you'll find one that lags consistently.

Have a look here: http://www.mataf.net/en/tools/01-01-correlation

I did a little special test on this one to try and figure out how curve-fitted it is. There are two backtests, one normal using dukascopy tickdata and one where I've mirrored the ticks so that it moves in opposite direction but still is likely marketdata. My hypothesis is that a "normal" curve-fitted strategy would fail this test. It didn't...

 

http://www.4shared.com/file/TgEP0Ji1/MoneyMaker_EURUSD_5Min_TestRep.html

 

 

Compare price at first trade with the last on each report and you'll see that they are not the same.

 

Update: I've updated the report zip-file with an additional report. I realized that just mirroring tickdata is not enough to test for curvefitting. So, I added noise and the results look completely different... The noise consists of ~5% of the tick data not being mirrored., i.e., same distance of movement but sometimes not same direction.

My original 4shared links should be working again. I'm working on other stuff now but just as before I'm open to try new ideas on this strategy as long as its not "add another filter" :)