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I decided to make an EA to test the validity of the EURUSDD’s equation. This is what it looked like.
I was able to find H/K settings that produced only about 11 rare (failure) events in the past 5yrs. I’m not adjusting the lot size, its fixed at 0.10. So this is pretty much like making 3500pips in 5yrs.
The places where there were rare events, my money management kicked in. I was able to recover quickly but still resulted in a 18% DD. If the lot size was bigger then the DD would have been bigger as well. This was purely based on TZs, nothing else, no other indicators.
Not bad I think for trading pure TZs
Imagine how good it can be with a bit of PA and human intervention?I thought this would be a nice gift to ourselves for Christmas, further evidence of the power of the TZ concept
Focus, Patience, Determination & Order in chaos
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Great result my friend. You have a big SL and TP value. What is TakeprovitLevel 1 & 2 ? Is it 0.004 * your TP ? And if that level is reached, you will closed some of your orders and let the rest reach your second 0.0004 * TP ? Or how you define it ?
Thanks
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The TP was actually set at 15pips and no SL. Those settings were not being used, its just an old EA of mine that I hacked up real quick to test it out
I will share this with a private group sometime soon so we all can work together to make this EA really awesome and retire
hahaFocus, Patience, Determination & Order in chaos
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The TP was actually set at 15pips and no SL. Those settings were not being used, its just an old EA of mine that I hacked up real quick to test it out
I will share this with a private group sometime soon so we all can work together to make this EA really awesome and retire hahaGreat idea my friend, waiting for it
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I will share this with a private group sometime soon so we all can work together to make this EA really awesome and retire
hahawith all those great minds and out-of-the-box thinking people in here with the great discussion culture , no envy or any bad feelings in here…
i think this is achievable .
"A dream you dream alone is only a dream. A dream you dream together is a reality." (John Lennon)
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The TP was actually set at 15pips and no SL. Those settings were not being used, its just an old EA of mine that I hacked up real quick to test it out
I will share this with a private group sometime soon so we all can work together to make this EA really awesome and retire hahaHi Saver0, thank you for sharing. Very good results, the H+K parameters were optimized or randomly choosen?
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Hi Saver0, thank you for sharing. Very good results, the H+K parameters were optimized or randomly choosen?
It’s not randomly chosen but wasn’t optimized. As you can see the growth isn’t very high. The moment I increase the lot size, the rare event trades would cause me to have high losses. Also with SL it’s difficult to make it profitable. So this needs to be combined with another strategy. One that is pretty good with TP+SL and this can increase the odds of that system I think.
Focus, Patience, Determination & Order in chaos
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I like the two consecutive losses
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I like the two consecutive losses
yes, that’s from the loss management. Even though there were 2 losses, the overall trade ended up in a profit. That was from 2 rare events happening one after the other. There is still a LOT of work to be done before this can have any use. I will make the private group shortly. If anybody wants to develop it with me or participate in testing or providing suggestions, please make sure you add me as a friend. I can only invite friends to join the group
Focus, Patience, Determination & Order in chaos
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I will share this with a private group sometime soon so we all can work together to make this EA really awesome and retire
Retire? Or coding TZ indicators and trading just for fun? Anyhow: I’m really interested to participate!
simplex
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
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Retire? Or coding TZ indicators and trading just for fun? Anyhow: I’m really interested to participate!
I will be sharing the EA and we can work together to make it profitable if its possible. Also I want to share a few things, few deep key things. I don’t want them going completely public because I don’t want it to fall into the wrong hands.. know what I mean. We got a lot of attention to this site recently and only those of who worked hard on this concept deserve to know more answers. We work together on this!
I will continue to grow this thread and to share more of course so those of who are curious can continue to grow and contribute their thinking as well.
Focus, Patience, Determination & Order in chaos
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Hi Saver0,
Hopefully I can join in the private group and learn more from u all how to trade.
Scissors
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I will make the private group shortly. If anybody wants to develop it with me or participate in testing or providing suggestions, please make sure you add me as a friend. I can only invite friends to join the group
Let me express my interest in this group as well!
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I’m interested too, count me in. Thx.
I only know I know nothing
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Actually guys, no need to add me as a friend. I will just make the group private and not hidden. So anyone can request to join it.
Focus, Patience, Determination & Order in chaos
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Very nice results Saver, great job
I would like to join your group and learn from you. In last two months I was in process of learning TZ concept and putting things together, that’s why I didn’t post here earlier.
I did some quick tests and I want to share some results here. Numbers are not very interesting, but maybe someone finds them useful.Situation : Confirmed TZ on top (or bottom), and no PTZ on opposite side (yet). I was curious how often this happens and where will price go next – will it create PTZ on opposite side to last CTZ or will it create PTZ on the same side as last CTZ (Top CTZ-Top PTZ or Bottom CTZ -Bottom PTZ)?
Sorry for my English, hopefully you understand me
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Situation : Confirmed TZ on top (or bottom), and no PTZ on opposite side (yet). I was curious how often this happens and where will price go next – will it create PTZ on opposite side to last CTZ or will it create PTZ on the same side as last CTZ (Top CTZ-Top PTZ or Bottom CTZ -Bottom PTZ)?
Hey hadik69,
Interesting! I think that I can understand your English very easily, but I’m afraid I need some more detail to understand your test setup.
When exactly do you check whether opposite / non-opposite PTZ has formed. Directly after confirmation of CTZ your referring to?
And what’s the purpose of this particular statistics? I really do not see how this could be used to give you an edge in trading.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
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Hi simplex, sorry I din’t explained clearly enough. In test I was waiting for the moment when TZ is confirmed and in the same moment there is no potential TZ yet. Since this moment I was looking for “first touch” PTZ – if it will happen to opposite side or on the same side as last CTZ.
This simple statistics will give us no edge, but it can give some informations which someone may find useful. I think it is always good to know probabilities of particular situations, it is what gives you an edge… For example in about 80% of top or bottom PTZs (depending on timeframe and H) there is already opposite PTZ before first PTZ became CTZ. In case it will not happen (situation in test), there is slightly higher probability that price first creates PTZ on the same side as last CTZ….
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This simple statistics will give us no edge, but it can give some informations which someone may find useful. I think it is always good to know probabilities of particular situations, it is what gives you an edge… For example in about 80% of top or bottom PTZs (depending on timeframe and H) there is already opposite PTZ before first PTZ became CTZ. In case it will not happen (situation in test), there is slightly higher probability that price first creates PTZ on the same side as last CTZ….
Did you check your very last assumption statistically?
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
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Hi simplex, yes I did check it statistically, but I will try to download more historical data and repeat test and will see if there will be some significant difference in results. In results I posted earlier I used about 5 years of H4 data and about 1-2 years for M1,M5 and M15. I have tried it also with different pairs and results were similar. I will post updated results here when I will have it.
In fact I am more interested in what will happen next – imagine situation I described earlier (confirmed TZ and no PTZ yet), and if then price first creates PTZ on the same side as last CTZ. What is the probability of this particular PTZ to create Top-Top or Bottom-Bottom CTZ sequence? How far will price go? And what will happen next? etc, etc… there is much more to discover… maybe it will be useless, but I don’t know until I try it
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still learning to understand this concept
Me too!
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
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there is much more to discover… maybe it will be useless, but I don’t know until I try it
I don’t think observations like those you described are useless. If we check them out properly by a statistics indicator or some data export connected to an Excel sheet to have them analysed they might help to discover higher probability setups.
How do you work to calculate your stats? Pure mq4? Connection to Excel of R? …
I’m working with pure mq4 at the moment, but this turns out to be a bottleneck. That’s getting clearer every day.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
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Actually guys, no need to add me as a friend. I will just make the group private and not hidden. So anyone can request to join it.
Happy New Year bro … Could you please tell us the group Name ? So, later we know which group we must join
Thanks bro
Imagine how good it can be with a bit of PA and human intervention?
I will share this with a private group sometime soon so we all can work together to make this EA really awesome and retire 
haha
I would like to join your group and learn from you. In last two months I was in process of learning TZ concept and putting things together, that’s why I didn’t post here earlier.
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