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- Paracelsus replied Nov 8, 2014
So lets work on it! Reverse engineering might be a path to success. Namely: Finding an extremely unlikely (or at best: never seen) "Death Trail" price movement pattern and to build the strategy around it. _________________________________ ...
- Paracelsus replied Nov 7, 2014
Kfx - the author of this strategy - has just informed me that in his backtests there had been significant SL events even with -50% Global SL setting. I am still about to do my own backtests to see how often does the strategy hit the "Death Trail". ...
- Paracelsus replied Nov 7, 2014
Just an update. Additional preliminary backtest results show that a -20% Basket SL is not enough to exhaust the maximum potential of a Batch3/Batch4 basket, which means that cutting losses at -10% after Batch5 entry is not a viable option.
- Paracelsus replied Nov 7, 2014
Good point! I was already thinking of an emergency stop when Batch5 is in play, so instead of waiting for 5 USD Basket Profit, the EA would accept a -10% SL. Let's keep on thinking together guys!
- Paracelsus replied Nov 7, 2014
Once it can be confirmed by backtests that - with the current structure and settings - the chance of a "Death Trail" is extremely low, then the next steps will be finding other suitable pairs. ________________________ Just a visual update about what ...
- Paracelsus replied Nov 7, 2014
I am about to download tick data. Without tick data I could test only about 6 months. Just some major numbers: +7%/month average profit, -15% max. floating DD and max. Batch4 (i.e. Hedge4) entries. Any attempt to increase profits has resulted in the ...
- Paracelsus replied Nov 7, 2014
Above Basket has closed with +5 USD profit and new Sell Batch1/Trade1 has been opened as EURUSD is still in downtrend. Total profit: +6.58% over the past 9.5 trading days with one occasion of utilizing Batch4 (i.e. Hedge4). image
- Paracelsus replied Nov 7, 2014
Thanks for all the ideas, guys! Lets think together how can we make MGH even better. Here is a visual update: image
- Paracelsus replied Nov 6, 2014
All credits should go to Kfx. My role in the strategy was just some tweaking and fine tuning. Yes, your observations and summary are excellent: in its "modified" version MGH is a "trend-based strategy that uses cost-averaging system that uses ...
- Paracelsus replied Nov 6, 2014
Yes, absolutely correct. "Basket TP" function is activated as soon as the first "hedge" trade (i.e. Batch2/Trade1) has been opened.
- Paracelsus replied Nov 6, 2014
Another textbook day for MGH... Profits are made where the market goes... NET PROFIT: +6.15% for the past 9 trading days. image
- Paracelsus replied Nov 6, 2014
As mentioned in previous posts my EA was made by a "pro" programmer and due to copyright issues I cannot share it. Nevertheless, SwingMan has posted his MGH EA, which should work similarly.
- Paracelsus replied Nov 6, 2014
No, this is still a DEMO forward test. Nevertheless, I do plan to trade it live soon. (Only my "Portfolio" is a live account.)
- Paracelsus replied Nov 6, 2014
Basket was closed as planned with the sell breakout. MGH has made profit where the market moved. New Batch1 sell positions have been opened. Summary: +5.6% net profit after 8.5 trading days. image
- Paracelsus replied Nov 5, 2014
Yes, it was me posting previously as FxMasterGuru. Concerning the EA I cannot really help much as I am not a programmer and my EA was built by someone who knows how to "custom-make" one. If needed, I can send his e-mail address via PM and probably ...
- Paracelsus replied Nov 5, 2014
Thanks! Batch2/Batch3 Basket is in play; waiting for the 5 USD "escape" Basket TP on the "short" side. image
- Paracelsus replied Nov 5, 2014
Yes, I can confirm it. Unfortunately "inside grids" have not work out, so they has been eliminated from the forward test. For me it is OK to wait a few days (or weeks) for a breakout from the "neutral zone" (determined always by the upper and lower ...
- Paracelsus replied Nov 5, 2014
My "modified version" can go for Batch5, although in backtests it was not needed. Nevertheless, Batch5 floating DD can reach -35% (0.1 lot/10k). In my opinion the strategy and the parameters should be designed so (and it was my goal) that it should ...
- Paracelsus replied Nov 4, 2014
MGH makes profits wherever the market goes, so I don't plan to switch it off at any time. Even if MGH had been in a "BUY' Batch, it could still profit from a 200 pips vertical drop... It just does not care where the market goes... Isn't it ...
- Paracelsus replied Nov 4, 2014
Another nice day. Already 1.72% for the week and the EA is in Batch1 with floating profits. Total profit +5.57% for the past 7 trading days, i.e. 0.8% per day. Which is not bad. My local bank gives that much for a year... Please disregard the EMA on ...