I've been looking at the losing trades in the last month and I've decided to pull the plug on my system. I'm going to quit whilst I'm still ahead and withdraw the funds from my account. I haven't lasted as long as I would like but I'll take this as ...

The psychologist's chair

Reflecting on the last month, it was clear I was overly-confident in my ability in enduring a large draw-down, at the higher risk levels. After losing just under 20% of my account from the peak, I've decided to change the risk parameters, so it is a ...

The psychologist's chair

I think the part, where you want a signal if the current bar closes above or below the previous 32 bars, is straightforward to code and in my opinion, the important part. I don't think identifying the swing low or high is important, as you have not ...

Coding request: close fractal swing indicator

Kas1, I believe this is what you are looking for: url

Coding request: close fractal swing indicator

It's the end of the month, so time for another update on my journal! The last 3 weeks have been good, since my last update, and the return I have for the first quarter of this year has not been too bad, at 8.1%, with all-time profit of about £6k. ...

The psychologist's chair

I coded this strategy yesterday and tested it, but it's not very profitable as in a year a $10k account ends up at only $10.2k when risking 1% of the balance. It reached a peak of $11k and a low around $9.6k. I don't think there is any point in ...

simple trend method EA request, will pay

barauskas, the code you have posted up is a mess! They are just to send the orders, which is pretty straightforward. What is the point of the following line as you don't need to know the day of the week if you are trading every day? if ...

For coders - How to make this ea work on ECN brokers?

Time for another update on my journal to keep me honest and let the world know my thoughts. This month has been a turnaround for my account as in January it was slowly losing money. Although intra-day ranges for both January and February were ...

The psychologist's chair

I've been on holiday and just let my EA do it's thing and it's nice to see that it has had a nice run-up from the draw-down two weeks ago, though I'm still down for the year. If I AUM then I think my clients would be pulling money out fast from the ...

The psychologist's chair

Interesting week for my account and not in a positive way! The range bound price action has whipped me out a few more times than I would have liked, but I've survived, which is important in this game, so I can play another day. I need to go back to ...

The psychologist's chair

Hey, it's done via an EA. I look forward to your reply.

The psychologist's chair

Looks like I've set a new record with 6 consecutive losses. I feel lucky and a sense of relief that the next trade was a winner, as I was beginning to wonder how long this streak would last. I have built and tested a pullback strategy, but it ...

The psychologist's chair

Five in a row! I'm excited to see if the next trade is a winner or if I'll be making it six in a row.

The psychologist's chair

You can test to see if it makes a difference if you use the EO rather than the LO. I think of the Hans123 system and all the others that relied on the EO or LO, which worked during the boom years, but definitely not now. I'll let you know now that ...

The psychologist's chair

I've decided the other day to increase my risk on each trade to 2% and my reward to 4%. My timing for this change was bad as the next trade was a loser at 2%, but statistically, I have only experienced a maximum of 5 in a row, so only one more to go ...

The psychologist's chair

I thought I'd update my journal today. My initial thoughts are: "one step forwards, two steps back". It seems growth of my account is slow and I've been pondering when I'd add more money to my account and if I should increase my R:R to 2%:4%. For ...

The psychologist's chair

You haven't done the maths correctly. If it was only 36 slots (1/36 = 2.78% probability of winning) the probability is still 97% that you will lose. Having an extra slot does not increase the casino's edge by 2.7% either (1/37 = 2.70% probability of ...

Probability Paradox!?!

I stand corrected, 1 in 37 it is!

Probability Paradox!?!

The '0' is not the house's edge and a myth. The ball can only land in one slot, so that is 1 in 36 (using UK roulette), which means a probability of you winning is only 3%. Worded differently, you have a 97% chance of losing, which means the house ...

Probability Paradox!?!

I agee that the indicators need to be disclosed along with the parameters, as the real incentive for the coder is being shown a profitable method. The general idea of this EA is easy to code as it is essentially entering a breakout on a pullback ...

Tom Demark trendline breakout: need help coding a feature