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 Forex Version 20, Foreign Exchange Market Discussion

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DeathArc
post Apr 20 2018, 03:18 AM

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Junior Member
71 posts

Joined: Jan 2014
From: Melaka


Hi all, I recently develop my own automated trading system based on bband and MA, after almost 1 year of running it on demo account I intend to put it into a test, so Im looking 2-3 people who lived in Melaka, we can meet and talk on how to utilise and make use of it to get mutual benefit, if interested, kindly drop me a pm. 😃
DeathArc
post Apr 21 2018, 06:30 AM

Getting Started
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Junior Member
71 posts

Joined: Jan 2014
From: Melaka


QUOTE(duplicated @ Apr 21 2018, 12:20 AM)
Hi, Can you post the equity curve of your system? I would like to see it's profitability.
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Attached Image

this is an actual result from real time trading since 1st august 2017 until now.

QUOTE(EA MT4 @ Apr 20 2018, 10:13 PM)
I can drive down from S'ban. Not that far. Just let me know the time & loc.
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just pm me your contact details, I'll let u know when I will be avalaible to meet. Thanks.

This post has been edited by DeathArc: Apr 21 2018, 06:53 AM
DeathArc
post Apr 21 2018, 11:57 PM

Getting Started
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Junior Member
71 posts

Joined: Jan 2014
From: Melaka


QUOTE(duplicated @ Apr 21 2018, 10:57 PM)
Thanks for posting, but this is a martingale system. Very very risky.
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i would admit the element of martingale is there, even though i would prefer to call this pips averaging, this system is 100% coded by me, so I have the flexibility to adjust the on how the averaging was used to get me out from a bad trade.

As for an example of the flexibility that I mentioned, if the system recognizes a bad trade, it will close the losing trade and wait for the next signal to open with higher lot size to cover the loss incurred on earlier trade, so hedging element also can be used in this system.

I am currently working on two system, the first one is by using volume to open trade, another one is by using is by using reversal and pattern, both of the project was to increase the accuracy of the system effectively decreasing the possibility of martingale.

The reason I posted the earlier post was for me to listen and exchange for improvisation and implementation. 😀

DeathArc
post Apr 22 2018, 01:26 AM

Getting Started
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Junior Member
71 posts

Joined: Jan 2014
From: Melaka


QUOTE(duplicated @ Apr 22 2018, 12:29 AM)
Based on my experience in algo trading, for a martingale system to work well, you need to have high winning rate.
In your case, it's 60%+ which is considered okay. If you can improve your winning rate and maintain your reward-risk ratio, you are good to go.
You have to make sure your consecutive losses are toned down. Yours is 8, which is considered high. However your average is 2, which shows that the 8 is an outlier event. So, it will happen only once in a blue moon, and will possibly blow up your account.

Overall, an okay system. Just don't risk everything. Always withdraw from time to time.

Let me know if you need anything regarding system development and coding/strategy optimisation (not parameter optimisation).
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spot on, improving winning percentage is what I have been working on, the current EA is using Bband which is great in riding trend but often caught by reversal which explain the outlier event that u mentioned.

So, I have added hedging features to counter this and manage to obtain the following backtest result.

Attached Image

any good strategy that u can share with me?

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