eticon Posted August 12, 2010 Report Share Posted August 12, 2010 I've been learning a lot from this forum. This is my first official sharing to give back to this wonderful forum! Dynamic Profit Generator : hxxp://www.sevensummitstrader.com/dynamicprofitgenerator/DynamicProfitGenerator.zip Video & Instructions: hxxp://www.sevensummitstrader.com/dynamicprofitgenerator/dpg-dl.html Enjoy! Eticon scwon, anton1713006147, forex4love and 16 others 19 Quote Link to comment Share on other sites More sharing options...
anton1713006147 Posted August 30, 2010 Report Share Posted August 30, 2010 Hi Eticon, Are you using this in your live acc? How is the result? It sounds good. Thanks. Anton Quote Link to comment Share on other sites More sharing options...
⭐ lotterp Posted August 30, 2010 Report Share Posted August 30, 2010 (edited) Dynamic Profit Generator formulae Here are the formulae used in Dynamic Profit Generator. 1 Tick/Pip = 0.0001 I will use the following abbreviations: Price 1 => P1 Price 2 => P2 Price 3 => P3 For a Short: Entry = ((P3-P1)/(P1-P2) - 0.25)*(P1-P2) + P2 BE Level = P3 - (P1-P2)/2 Target = P3 - (P1-P2) Stop = P3 + 0.0001 (1 pip above P3) Diff = (P3 - P2)/4 For a Long: Entry = P2 - (P2-P3)/(P2-P1)-0.25)*(P2-P1) BE Level = P3 + (P2-P1)/2 Target = P3 + (P2-P1) Stop = P3 - 0.0001 (1 pip below P3) Diff = (P2 - P3)/4 I have also shared an Excel file containing the formulas (shoud I have made an error in retyping them above) http://www.multiupload.com/ZNJVP1691P This may be useful should someone be able to find time to create an EA/indicator. My time is currently very limited and I will not be able to do so in the next month or two. I am jumping the gun a little bit by assuming that the DPG strategy actually works, but by creating an EA backtesting can be done to assess the success of this trading strategy. Ideas on how to automatically detect a 1-2-3 reversal, with the purpose of creating an EA, is welcome. With this in place I believe that, with additional indicators, one can create a profitable EA. Please watch the videos - I will not explain what Price1, Price2 and Price3 are. The videos explain everything - I assume that you have watched to videos and understand how to use the Dynamic Profit Generator. Edited August 30, 2010 by lotterp Quote Link to comment Share on other sites More sharing options...
Guest fxprofits Posted August 31, 2010 Report Share Posted August 31, 2010 is it good? how are the results? Quote Link to comment Share on other sites More sharing options...
eticon Posted August 31, 2010 Author Report Share Posted August 31, 2010 (edited) Short Entry today for EURJPY on daily TF: http://www.freeimagehosting.net/uploads/14a8c59082.jpg http://www.freeimagehosting.net/uploads/th.89ed8a718b.jpg Edited August 31, 2010 by eticon Quote Link to comment Share on other sites More sharing options...
⭐ lotterp Posted August 31, 2010 Report Share Posted August 31, 2010 (edited) FxProfits, This is not a system, nor an indicator. As this is not a trading system, but rather a technique, it's success relies on the trader's trading ability - it is therefore difficult to say whether it is any good. It is up to you to decide whether this strategy has a place in your trading arsenal. DPG is just a normal 1-2-3 reversal implementation (you will find alot of information on the internet). In my previous post I may have became a bit (too) optimistic about something so simple because: 1. It was nice to be reminded of something as simple as the 1-2-3 reversal strategy when there are so many "complex" indicators and systems being marketed. 2. I am currently working on a trading system that requires me to find a way of re-entering a trade. This seems to have potential. 3. When I find stand-alone software (such as DPG) I try to do some reverse engineering with the idea of implementing its functionality directly into my trading platform. Of course it must be said that the 1-2-3 reversal strategy does not always work by itself and additional indicators may be required (such as support/resistance, moving average, other trend indications). This strategy does perform better when trading with the trend, or even with breakouts from ranging markets. DPG is, in words, based on the following: 1. Entry is calculated as (%Retracement - 25%) 2. Stop is just above (3) 3. Profit taking is the same distance from (3) as price movement from (1) to (2) With this summary it can easily be spotted (by looking at charts) whether this strategy could be profitable based on your current trading style. I have attached an example (a nice hand picked one at that) http://www.freeimagehosting.net/uploads/69f1541ef3.jpg Edited August 31, 2010 by lotterp Quote Link to comment Share on other sites More sharing options...
mtx_69 Posted September 4, 2010 Report Share Posted September 4, 2010 any body successfully with this Dynamic Profit Generator? Quote Link to comment Share on other sites More sharing options...
Freddie Posted September 4, 2010 Report Share Posted September 4, 2010 Lotterp, I'm sure that there are a lot of 1-2-3 indicators on the web. Only trouble is which 1-2-3? Quote Link to comment Share on other sites More sharing options...
scwon Posted September 4, 2010 Report Share Posted September 4, 2010 If anyone has a 1-2-3 indicator that works, would you please post it? Thanks Quote Link to comment Share on other sites More sharing options...
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