yes, you are right bro. Will check my code again. And thank a lot for your information.

Anybody else around who would like to have crosshair always on in MT4 chart window? If so, just go there, download and enjoy:

http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=27&t=3658&p=118581#p93979

And reading the first post over there is required to satisfy the RTFM rule.

Anybody else around who would like to have crosshair always on in MT4 chart window? If so, just go here, download and enjoy:

http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=27&t=3658&p=118581#p93979

Analogies between physics and trading are coming to my mind frequently, and whenever it happens I’m trying to step back a little and ask myself ‘Is that really appropriate?’ Anyway, I’d be interested in discussing that topic further.

Talking about density: if you’re having Newton’s laws of mechanics in mind as an analogy, then you’d need…[Read more]

…

Another post on our topic I just came across:

There are other systems to calculate position sizing, but most of them share a common problem: they were originally developed for gambling, not for trading, like the Kelly Formula. In gambling, you can calculate with mathematical certainty the odds of winning, but that’s not possible in trading, no…

[Read more]

Another post on our topic I just came across:

There are other systems to calculate position sizing, but most of them share a common problem: they were originally developed for gambling, not for trading, like the Kelly Formula. In gambling, you can calculate with mathematical certainty the odds of winning, but that’s not possible in trading, no…

[Read more]

The project is being discussed over at SH forum for a while:

http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=15&t=921

No, not  even installed it. Too busy at the moment. But I’m following their proceedings.

Their interface to MetaTrader seems most interesting, and their policy to integrate proven concepts very fast in their standard applications can take a lot of workload from coders, possibly refocussing from coding to trading.

An alternative trading platform worth to have a look at:

http://www.takemoneyfromtherichandgiveittothepoor.com/

Actually I came across the Kelly Criterion earlier, but put it aside then thinking a simpler approach would make more sense. Your post made me google again and reconsider my former decision. Those concepts seem to make perfect sense.

I didn’t dig in deeper yet, so I can’t say whether Kelly or Jones seems more reasonable to me. I must admit that…[Read more]

I have similar ideas in mind, just the other way round: not shifting SL to a higher TF if I ‘dislike’ it, but shift my TP to a higher TF instead after price has moved in my favoured direction to a certain extent. I would consider price coming close to my initial TP a good point to start such an algorithm. I considered implementing this based on…[Read more]

Now I’d like to come back to the preconditions from gg53’s first post and just note what comes to my mind. Let’s consider this a quick brainstorming, not more.

1. It should adapt to current currency-pair and market condition.

CSS or similar slope strength

2. It should obey strict risk-management (SL & Lot size)

x%-rule or similar, ATR-based SL

3.…

[Read more]

I’m happy that we found some common ground to stand on about what I call ‘synchronization’. Now we can start over to plan the foundation for Perfect Trader.

I can’t go to greater detail right now (leaving the house for some sports), but I will certainly be in for it later this evening or maybe tomorrow morning.

s.

That’s not what I meant. What about “Let’s synchronize our strategies to current market conditions.” ?

Consider following example when entry strategy and Perfect Trader are not synchronized:

10:00 – Entry strategy says: Market is trending upwards, though momentum is down, pullback entry condition satisfied, no long trade opened. Enter…[Read more]

Yes, I think I got that. I’m absolutely in for dynamic and adaptive trade management, as you stated earlier.

But did I get you right: you wouldn’t suggest to synchronize entry strategy and Perfect Trader?

That sounds more specific to me. Maybe I didn’t get your 1st post right:

It’s about time to invest in a “Perfect Trader” – a trading EA that can statistically win and be profitable, even with random entry.

And maybe my wording “an extreme goal in his 1st post: profitability at random entry” wasn’t really perfect. Hope I didn’t annoy you.

What…[Read more]

Learn New MQL Coding

I acknowledge that not everybody around likes FF, but that thread broketrader started about a year ago is really helpful when starting to make use of the OOP methods MQ4 build 600+ has on board:

http://www.ff.com/showthread.php?t=473578