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tictac-nur@Zone Recovery Management EA

  • #141
  • Jan 28, 2018 8:13pm Jan 28, 2018 8:13pm
Quoting zhizian
Can I suggest an additional function? Instead of standardizing a predetermined recovery zone, Lets make the zone the high and lows [with option to set 5-15 or |x| pips away] of 8/10 previous bars... I think it will work even better.
Sorry change that to Martingale with Bollinger band...
  • #142
  • Jan 29, 2018 2:32am Jan 29, 2018 2:32am
Quoting Torontoman
Has anyone ever thought of increasing the recovery zone and smaller number of pips? For example, a recovery zone of 15 pips and a target of 5 pips?
What's the point.
In this business if your risk is too high compared with the potential profit is better to don't trade at all.
  • #143
  • Jan 29, 2018 2:44am Jan 29, 2018 2:44am
Quoting Merka
{quote} What's the point. In this business if your risk is too high compared with the potential profit is better to don't trade at all.
I have been doing this all day. I have a 5pip target and my ALR zone is 15 pip. I’ve had 5 trades. 4 of them were profitable. The other was closed at break even because I hedged, but I didn’t make any on the loss. Please criticize!!
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  • #144
  • Jan 29, 2018 2:55am Jan 29, 2018 2:55am
Concerning the above, I closed a couple of positions early because it wasn’t working out like I thought. There was no volatility at that time.
  • #145
  • Jan 29, 2018 4:10am Jan 29, 2018 4:10am
I have back tested this and also live tested on VPS with all possible settings and initial deposit of $6000, result is same. Account Blast. So one thing is sure, you cannot run this EA and sleep.

However, you can wisely use this EA on few volatile pairs and at certain times only to get some green pips. We need to discuss here,

* What will be the best setting? (Maybe Range breakout of 30 pips with SL 20 / TP 10)
* What are the ideal pairs? (Maybe EURUSD / EURJPY / GBPUSD)
* Most important, time to activate this? (2 minutes before important news? above/below 50pip range/channel? At opening of London/Asian Session?)

The rule is, not to be greedy, get some pips at right time and close this EA. If we set such rules and follow, this EA can be a your Debit Card of World Bank's ATM :-P

Any suggestions please?
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  • #146
  • Jan 29, 2018 4:14am Jan 29, 2018 4:14am
Quoting Torontoman
{quote} I have been doing this all day. I have a 5pip target and my ALR zone is 15 pip. I’ve had 5 trades. 4 of them were profitable. The other was closed at break even because I hedged, but I didn’t make any on the loss. Please criticize!! {image} {image}
Hi Torontoman,

I have also tried this setting, the shortest the TP range, the dangerous will be the outcome. In volatile market, spread will be high and will open many opposite hedge positions in no time. You need to be lucky enough to keep getting green pips every time with this setting.
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  • #147
  • Jan 29, 2018 4:22am Jan 29, 2018 4:22am
In past, I have used an EA of same concept on real account for few weeks. Got some pips, but one day, it GBPUSD got stuck in range and I closed the trades manually.

EA setting is very simple. It calculates lot size according to equity (so whether its $5000 account or $100k, risk will be same - no one likes this). The thing I like of this EA is its entry point. Following are comments from the author of this EA.

----------------------------------------------------------------------------------
"My contribution to this wonderful community especially the wonderful mods. Just dont ask me for my codes. I need to protect my IP. Use it at your own risk as this is very prone to account blow out. Recommended by erkansam for 5k per 0.01lot per pair and >< type of broker (tight spread with low commission).
Trade trigger is based on smaller bands (5mins, 20) at (>25pips || BandExpand > 4) and higher bands (30mins,10) upper and lower region. So for example:
1)
a - Smaller bands> 25 pips
b- BandExpand > 4
c - Higher bands at upper
= go buy.
2)
a - Smaller bands> 25 pips
b- BandExpand < 4
c - Higher bands at upper
= go sell.
Remarks:
- EA will close all open orders if lotsize is too overwhelmingly large for the account.
- a trade delay is added for opening of each minute bar after every trade, to prevent crazy price movement from triggering trade openings which might blow the account up.
- This EA auto calculates lot size based on open orders' drawdown at stoploss (10pips) and takeprofit at 15pips. Meaning 5 pips diff would be the profit region.
Those using this EA please show your progress of forward testing after a month or more. Have fun!"
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I just shared this here, maybe it will be helpful for anyone.
Attached Image (click to enlarge)
Click to Enlarge Name: reversalgrail.png Size: 34 KB
Attached File(s)
File Type: ex4 reversalgrail.ex4   22 KB | 762 downloads
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  • #148
  • Jan 29, 2018 4:41am Jan 29, 2018 4:41am
I agree. You can’t sleep with this. Sometimes there is a transaction during a very quiet time and the spreads are huge. And don’t even think about holding positions over the weekend because of the weekend gaps. As for news, I am not an expert trading the news, but I do know this.
During USD news, sometimes my stop loss is not reliable and I lose some pips. What I mean is that even though I put a stop loss, the stop loss is not respected and I lose more than the stop loss. As for GBP news, I don’t know if Stop losses are respected or not. Does anyone else know?
i have been using this only on eur/usd, usd/jpy and gbp/usd. I only enter when there is a breakout. 5 pip tp, 15 ALR. If the breakout fails, it usually goes back and get stopped out past the alr zone, but no loss. I don’t want to hold these overnight. Please criticize my approach.
  • #149
  • Feb 5, 2018 12:32am Feb 5, 2018 12:32am
Quoting electronix
Hi Tictac-nur, i think i found a bug in regards of the trailing stop. When you set it to enable it modify the orders as expected but it goes only until the entered TP is reached. Means if you set a TP to 20 (as me) and set the Trailing Stop to 10 it goes only up to 20 pips. I think more usefully is, when trailing stop is active it should ignore the entered TP and goes up to what the market can give . If Hedge is active, means you have already a order in opposite direction it should take the TP or maybe also the Trailing stop, if enable. What...
Thank you for the info. I got another Grid EA with this Trailing Profit features. It will trail the profit by a certain range of pip. I will try to add that features on the next version..
  • #150
  • Feb 7, 2018 11:15am Feb 7, 2018 11:15am
Quoting tictac-nur
{quote} Thank you for the info. I got another Grid EA with this Trailing Profit features. It will trail the profit by a certain range of pip. I will try to add that features on the next version..
Thanks dear. Will anxiously wait for the next version with trailing stop facility.

Since 1 week, I am using this EA on real account for 1-2 hours in a day, getting 40-60 pips. Following are the details if anyone interested:

Pair: EURJPY (One of the volatile pairs) Spread 1.2/1.8
Entry: 10-15 Minutes before opening of London Session. I activate the EA and open manual trade based on channels and Support Resistance.
Also I use this before red news.
SL/TP: 20 pips
Lot: .1 or .25
Fixed Equity Target: $250

Then I leave it to close on profit. Sometime, my strategy proves correct and hits TP, otherwise, thanks to your great EA, I get the profit from other side. This is like double dip life line (which is offered in WHO WANTS TO BE A MILLIONAIRE?)
Attached Image (click to enlarge)
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  • #151
  • Feb 7, 2018 12:18pm Feb 7, 2018 12:18pm
Quoting KashifNawaz
{quote} Thanks dear. Will anxiously wait for the next version with trailing stop facility. Since 1 week, I am using this EA on real account for 1-2 hours in a day, getting 40-60 pips. Following are the details if anyone interested: Pair: EURJPY (One of the volatile pairs) Spread 1.2/1.8 Entry: 10-15 Minutes before opening of London Session. I activate the EA and open manual trade based on channels and Support Resistance. Also I use this before red news. SL/TP: 20 pips Lot: .1 or .25 Fixed Equity Target: $250 Then I leave it to close on profit. Sometime,...
Till now how many cycles EA did to close your trades?
If you start from 0.25 lots after 7 cycles of EA you reach 32 lots. How are you able to trade so big unless you are rich?
Just curios
  • #152
  • Feb 8, 2018 12:23am Feb 8, 2018 12:23am
Quoting Merka
{quote} Till now how many cycles EA did to close your trades? If you start from 0.25 lots after 7 cycles of EA you reach 32 lots. How are you able to trade so big unless you are rich? Just curios
Till now max 3 cycles. Depends on volatility and session/trade timing. If you will keep trading over and over then there is high chance of being trapped. Better look for some kind of dashboard or look at price chart, in high volatility, you know that, figures move so fast. :-) I know I am taking risk, so far lucky enough.

My initial deposit only $5000 (leverage 1:1000). Not so rich so far
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  • #153
  • Feb 8, 2018 3:22am Feb 8, 2018 3:22am
Hello Dear TicTac (Tukang) Dont know your real name.

I have 2 observations for version 8

1- Magic Number is not working. If we change magic number from 0 to any other number, it does not take care of manual entry (I din't try automatic range breakout entry). I want to place this EA on same pair EURJPY but on 2 different charts with different magic number. Lot size and TP targets will be different in each chart. Can you please check?

2- EA is always in pursuit of TP green pips (which is great) but there should be option to consider last transaction pips. Let me explain;

If we set TP & SL at 20 pips, and hit SL, it will not close all positions unless Green Pips - Red Pips = 20 Pips.

For example:

1st cycle- BUY EURJPY 0.01 Lots / TP 20 Pips / SL 20 Pips / Multiplier 2
2nd cycle- Hits SL, new positioned opened SELL EURJPY 0.02 Lots
3rd cycle- Hits SL again, new positioned opened BUY EURJPY .04 Lots

Now marketing going up, 2 Buy Positions in Green and 1 Sell position in Red. Once price reach 20 pips above buy order, it should close all 3 positions because 40 green pips of both buy positions (0.01 $ 0.04) are larger in $ compare to 40 red pips of sell order (0.02). But EA will not close orders unless reached 40 pips above the last opened order. 40 pips above, green pips will be 40+40= 80 pips and red pips will be 60 so net will be 20 green pips. Pursuit of green net pips could be dangerous as market can reverse and can result opening of another cycle. So better TP should be hit based on the last opened transaction.

If possible, we can add this option of original TP based on last transaction,
*NET PIPS (which exists currently)
*TP (it should be linked with last opened transaction - once hit, all cycles should close)
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  • #154
  • Feb 8, 2018 3:44am Feb 8, 2018 3:44am
Hello Dear,

I have one stupid idea, please ignore if you don't like this :-)

Can we make this EA a two-sided sword? Means keeping everything same, if we could start 2 cycles at the same chart at the same time in opposite directions?

EURUSD (with double sword on), as soon, as we start the EA,
it opens two orders at the same time, BUY 0.01 and Sell 0.01 and TP/SL is 10 pips and multiplier is 2 (just for simple calculations)

Let suppose, price moves 10 pips up, TP of BUY 0.01 hits, SL of SELL 0.01 hits and opened another BUY 0.02. Here as you can see, we got extra 10 free pips while waiting to open 2nd cycle. Now EA will take care of renaming trade.

Now continuing this idea, if we can add this function, buy sell orders opened at the same time and then they should continue separately (maybe with different magic numbers) and manage their trades and cycles own without interrupting each other. It will be a continuous process (without waiting for range breakout). If this is not possible then you can fix magic number. If it work, then even same pair, we can open 2 charts, on first chart (Lets say SELL chart), we can start sell-buy-sell cycle and on 2nd chart (BUY chart), we can start buy-sell-buy cycle (with same multiplier setting and same SL/TP). This will keep us alive and will save our margin level as well. Once cycles closed, it should be immediately opened on the same chart.

Please ignore this if you didn't like this idea. I am trying the same on demo on 2 different related pairs (BUY EURUSD - SELL GBPUSD). Will let you know about results
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  • #155
  • Feb 8, 2018 4:07am Feb 8, 2018 4:07am
Quoting Torontoman
I agree. You can’t sleep with this. Sometimes there is a transaction during a very quiet time and the spreads are huge. And don’t even think about holding positions over the weekend because of the weekend gaps. As for news, I am not an expert trading the news, but I do know this. During USD news, sometimes my stop loss is not reliable and I lose some pips. What I mean is that even though I put a stop loss, the stop loss is not respected and I lose more than the stop loss. As for GBP news, I don’t know if Stop losses are respected or not. Does anyone...
Your approach is much better than me. Because I also trade major red news on Demo only. After getting trust on hitting SL TP levels in sharp volatile market, will move to live.
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  • #156
  • Feb 8, 2018 5:42am Feb 8, 2018 5:42am
Quoting KashifNawaz
{quote} Your approach is much better than me. Because I also trade major red news on Demo only. After getting trust on hitting SL TP levels in sharp volatile market, will move to live.
Maybe AFTER red news. Recently, I watch the spreads on red news and they can be very big. Try to watch ch the spreads in your real account. Just watch. Don’t trade. You will see the spreads get so big.
  • #157
  • Feb 8, 2018 7:27am Feb 8, 2018 7:27am
Quoting KashifNawaz
{quote} Till now max 3 cycles. Depends on volatility and session/trade timing. If you will keep trading over and over then there is high chance of being trapped. Better look for some kind of dashboard or look at price chart, in high volatility, you know that, figures move so fast. :-) I know I am taking risk, so far lucky enough. My initial deposit only $5000 (leverage 1:1000). Not so rich so far
Which broker is that one with 1000 leverage?
  • #158
  • Feb 8, 2018 7:29am Feb 8, 2018 7:29am
Quoting Torontoman
{quote} Maybe AFTER red news. Recently, I watch the spreads on red news and they can be very big. Try to watch ch the spreads in your real account. Just watch. Don’t trade. You will see the spreads get so big.
I do agree dear.

I dont trade much, only 1 trade for experience. Will learn at least
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  • #159
  • Feb 8, 2018 7:31am Feb 8, 2018 7:31am
Quoting Merka
{quote} Which broker is that one with 1000 leverage?
There are many brokers which offer 1:1000.

I am using FBS which allows upto 1:3000 but with different caps. Upto $5000, you can enjoy 1:1000 and the best feature is, if you lock a position (by hedging same pair) then it uses only 10% of actual margin. I am not affiliated with them but I am using since some 6 months.
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  • #160
  • Feb 8, 2018 7:37am Feb 8, 2018 7:37am
Quoting KashifNawaz
Hello Dear, I have one stupid idea, please ignore if you don't like this :-) Can we make this EA a two-sided sword? Means keeping everything same, if we could start 2 cycles at the same chart at the same time in opposite directions? EURUSD (with double sword on), as soon, as we start the EA, it opens two orders at the same time, BUY 0.01 and Sell 0.01 and TP/SL is 10 pips and multiplier is 2 (just for simple calculations) Let suppose, price moves 10 pips up, TP of BUY 0.01 hits, SL of SELL 0.01 hits and opened another BUY 0.02. Here as you can see,...
This idea is very risky because you are entering the market randomly.
Some time you will be lucky EA closing both sell buy in profit but there will be occasions were EA will increase cycles and you blow the account for example during ranging markets.

The bottom line is: use this EA very very carefully
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