Squawk / 26 July 2016 at 8:42 GMT
Hypothesis Testing
United Kingdom
kom....the thread is getting a tad long now LOL....here is a chart from the basic eurgbp trade I mentioned. IF your EA can trade looking at the CLOSE value only then this might be of interest :-)
These EA threads are so long now I am not sure where the original description was posted but if the chart isn't clear enough let me know and I will re write the set up.
26 July
kom75 kom75
If I remember this trade starts at 6pm. Ea I ordered is simply hourly brekout, so slightly different than above, but I'm definitely interested and will order this in near future, in fact will be working with bayesian range as well
26 July
fxtime fxtime
Oh yes I forgot you utilise that one....on balance it works well for profits over the year...I assume you use the 30min SP500?
26 July
kom75 kom75
yes, along with 1hr usdcad
26 July
fxtime fxtime
As my teenagers say here....you're minted then :-)
26 July
kom75 kom75
btw. eurusd, usdchf and audusd breakout strategy just closed for profit. Chapeau bas:)
26 July
fxtime fxtime
Drinks on you then :-)
26 July
fxtime fxtime
Didn't you get the cable too ?
26 July
kom75 kom75
haven't seen at the time:)
26 July
fxtime fxtime
LOL....you can take the day off now and count your millions...well done at your trades mate :-)
26 July
kom75 kom75
I wish I would:)
26 July
fxtime fxtime
Once you have confidence in the trade and evidence of its robustness then you have to wok backwards on how much revenue you want to attain per day then per trade to reach that goal ! Then really look at risk control etc etc. But you will be surprised as many are here about the Loon just how quickly an account can accrue/compound its net balance even over a single month. But the secret is consistency/discipline of the trade.....the usdchf trade you done must have felt wrong as selling into support is contrary to normal trading rules?
26 July
kom75 kom75
not much, with breakout strategy I'm not interesting in nothing else but time, sl and tp
26 July
kom75 kom75
on ea I added 2nd position, which goes to be, and then I want to test some posibilities ie. keeping position to next reference point, trailing stop etc. I'll have a fun next week:)
26 July
fxtime fxtime
Hey are you becoming a stats trader ?? LOL.....when testing new strategies use a demo account and not your real hard earned money though.
26 July
kom75 kom75
stats trading looks much more easier for me, all because of your articles:) I trade manually couple of months with your strategy, I'm bit confident now. Time for next stage - algo trading. I trade on live acc, but small, so no harm will be done, if any:)
26 July
fxtime fxtime
Nothing to do with me as you have to do the work...all I have done is give a basic model for you to build off likewise others here onsite. Trade small and trade often mate...algos are something that takes a lot of work and programme entry testing to ensure it is working correctly (aka soak testing). Be careful with these as a single mis-typed entry can cost you dearly. Start with a basic algo say the eurgbp overnight trade shown above before moving upto the 6 line eurgbp trade.
26 July
kom75 kom75
No need to be so modest. If not you i wouldn't be seeling usdchf into the support LOL

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