Closed too early? Look at this...
Attached Image (click to enlarge)
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OK guys new day started! Are you ready to rock?!?Some fancy stats. It was a task to double the deposit. Start day: 21.09.2021 End day: 09.11.2021 It took 36 trading days (about 7 weeks) Start equity: 10 000 $ Finish equity: 21 380 $ Min equity/balance was: 7 260 $ (so in fact 21 380 was made from 7 260 which is ≈300%) Is it possible? Yes. Is it risky? Yes! Try to do it again? YES!!!
- #103
- Edited 8:15am Nov 10, 2021 7:13am | Edited 8:15am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
Long XAU +1.82%
Long XAU +0.14%
Long XAU +1.97%
Long XAU +0.81%
Long XAU +1.16%
Vol and delta is too low. Better to wait for red news.
Long XAU 2.78% in 2 trades. ICMarkets frozen again
BTC long +2.35%
Today:
Forex +8.98%
Crypto +2.6%
BTW crypto profits today was 2.6%, but in $ it is +7.43% since yesterday
Long XAU +0.14%
Long XAU +1.97%
Long XAU +0.81%
Long XAU +1.16%
Vol and delta is too low. Better to wait for red news.
Long XAU 2.78% in 2 trades. ICMarkets frozen again
BTC long +2.35%
Today:
Forex +8.98%
Crypto +2.6%
BTW crypto profits today was 2.6%, but in $ it is +7.43% since yesterday
Observer effect
- #105
- Nov 10, 2021 8:07am Nov 10, 2021 8:07am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
Observer effect
- #108
- Nov 10, 2021 9:24am Nov 10, 2021 9:24am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
Who says too early, i am better, too early entry and too early exit.I cant remember when i took XAU last time. so little bit nervous and CPI number. {image}
for me there were no short trades ever. Too risky to piss against the wind Observer effect
- #109
- Nov 10, 2021 9:56am Nov 10, 2021 9:56am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
Observer effect
for 
you will be fabulous too, do it in roller coaster no need wind.
I have created a task for my coder to make a trading panel that will remove (make inactive) buttons depending on EMA 200 (for example). Logic is this: if current price on XH (any you like) is higher than EMA X then no short button, and vice versa. That will not allow me to piss against the wind trend. Even if it is "very nice and feel like it can work".
Maybe your home folks wont be your fans for week or two.
Seriously it was great trading day, i even didn't took 18.00 EU trade which was sure deal, i was thinking i am done.
Have a nice evening/night.
- #112
- Nov 10, 2021 10:24pm Nov 10, 2021 10:24pm
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
{quote} You can try practice in home using these excellent Indians, no need to go out, and can watch trading terminal same time.
, you know my main problem is that I say "I'm done for today" and then "few more trades and that was last one I promise".And Zoltan said once to me: You have to wear boxing gloves to avoid clicking. That was the best advice I have ever received
If to be serious after I have implemented arrow filtering the trading became much easier. Because there are just no arrows against the trend. For example yesterday there were no short arrow on gold at London & NY sessions. Also may be to add "Enough" button. Once clicked it will disable buy/sell buttons for 1 hour for example
Observer effect
- #113
- Edited 11:40pm Nov 10, 2021 11:28pm | Edited 11:40pm
{quote} Haha
Three keys for the button, what they use for ballistic missiles launching system, one for they monkey, one for the donkey. Red hotline phone to Rick.
that should be oke. Maybe can find someone who knows how to build gadgets with help of Rasberry PI,electric mouse trap inside mouse, with hair rising sound shock. Usually it takes two weeks, when you have learn lessons, and if your tolerance rise, you can crank more amperes.
Past life i was trying to use MA's for strategies filtering direction, but never those were improving results. It can also be that i was bad quant.
If trading long term(week or month time horizon) strategies for stocks, could use S&P500 index, filtering when is good opportunity to buy stocks which belongs to index.
But not anymore because these FANGS google doodle book, destroyed it, because other companies share prices are not following similar way like these tech companies, which is somehow overweighted in s&p 500.
- #115
- Edited 1:17am Nov 11, 2021 12:41am | Edited 1:17am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
I am not against MA's, this is not scientific way verified, but often some MA areas happens few pips counter/bounce movements. I think because banks gives they corporations clients tools buy/sell currencies, which are using moving averages, like WWAP etc... There are quite lot information of those software. One problem with fx, its not easy spot what happend after third or fourth wave, will there be fifth, or does the "trend" melt and turn around. and Price start going opposite direction, and trader will be miss those, or fall trap and be in wrong...
Observer effect
{quote} Moving average for me is an index. I need something to start calculations from. Average price is a good index. Also I'm using, for example, USD as index currency. May be it is wrong and I should use JPY. But in fact in doesn't matter much. There are 3 dimension: distance (position), speed (time) and volume (size). I can see it with my eyes, but to tell my bot what to do I have to translate my "I see that" to the robot's "beep-beep-beep" language. What's why my charts looks like Christmas tree
You should help me use USD index, I have some kind of spiritual mind blockage of it, because I cant understand what the f... Swedish Crown is one of the components. I still have´t solve cryptic instructions of IKEA cuckoo clock, and Volvo is owned by Chinese.
.Sweden they see Russian sub marines everywhere, and police not often solve crimes. So I am asking can I trust USD Index, because there is an odd component of pre historic squirrel skin trade instrument. and New ABBA album sucks.
- #117
- Edited 2:12am Nov 11, 2021 1:52am | Edited 2:12am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
But for BTC trading (in fact) I'm using moving averages only. And orderbook data to see the walls.
Let me show.
First I checked 4h and higher to see where I'm now (position).
As you see the price was a little bit lower EMA 8 low, and a little bit higher EMA 50.
The main direction is bull (price is higher EMA200). So I have decided to open the long.
I have place limit buy order and it was filled.
Then, I switched to the lower 1H tf. And check my lovely moving averages.
As you see here we have 8 EMA high and EMA 100 (orange). So I have decided to place my take profit a little bit lower than EMA 100.
But then I saw the big wall. So I moved my TP lower, and start to wait (I have to use limit orders for entry and exit due to very high fees on crypto, but for limit orders I have rebares instead).
So the position was closed in +0.54% profit. It was 1x leverage only.
P.S. My decision to close the position was correct. Price bounced back from EMA 8 high.
Let me show.
First I checked 4h and higher to see where I'm now (position).
The main direction is bull (price is higher EMA200). So I have decided to open the long.
I have place limit buy order and it was filled.
Then, I switched to the lower 1H tf. And check my lovely moving averages.
As you see here we have 8 EMA high and EMA 100 (orange). So I have decided to place my take profit a little bit lower than EMA 100.
But then I saw the big wall. So I moved my TP lower, and start to wait (I have to use limit orders for entry and exit due to very high fees on crypto, but for limit orders I have rebares instead).
So the position was closed in +0.54% profit. It was 1x leverage only.
P.S. My decision to close the position was correct. Price bounced back from EMA 8 high.
Observer effect
- #118
- Edited 2:18am Nov 11, 2021 2:08am | Edited 2:18am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
Observer effect
{quote} It is pretty easy. First you have to find ADR for master pair. For example it is 1000 points. Then let's say it is 1%. You have 4 steps 0.25% each (so every step is 250 points). Now check the XAU. Its ADR is 2000. Then each step will be 500 points (not 250), and % step will be 0.5% (not 0.25%). And the same way for every pair you like. For example for BTC one step is 1.88% vs 0.25% for EU and it is 120833 points vs 250 points for EU. In fact there are a lot of approaches how to make the same. This is just an example. Then you get some number...
Here is something what i have been watching how to make use of MA bounce trades, and if Volume and Delta can do verification.
so far it looks its plausible, but need more time and following. Sure this image makes look things too simple, but that's why i like to monitor usability of D and V. about 90% of my trades are against wind, couple dditional trades could help increase balance in situation where EU has been couple months.
- #120
- Edited 4:46am Nov 11, 2021 4:35am | Edited 4:46am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
About the "walls" and how to exploit it.
As you see here I have a position. PNL is positive. But there are a wall of 3.6m. And there is a very strong probability that the price can bounce back.
So what is the point to wait and pray? I'm already in profit. Why not to close the trade and wait for another opportunity?
And the opposite situation:
Here we have big wall below the price, but the profit already good.
How to make it? Install uBlock origin to your chrome browser, remove all except orderbook from the crypto exchange page, place your browser window higher the MT5 window and set "always on top". That will allow you to see floating window with MT5 chart.
UPD: BTC long closed +0.11%
As you see here I have a position. PNL is positive. But there are a wall of 3.6m. And there is a very strong probability that the price can bounce back.
So what is the point to wait and pray? I'm already in profit. Why not to close the trade and wait for another opportunity?
And the opposite situation:
How to make it? Install uBlock origin to your chrome browser, remove all except orderbook from the crypto exchange page, place your browser window higher the MT5 window and set "always on top". That will allow you to see floating window with MT5 chart.
UPD: BTC long closed +0.11%
Observer effect