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Author Topic: DIY Frequent Trader  (Read 5457 times)

Offline diyforexskills

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Re: DIY Frequent Trader
« Reply #30 on: April 24, 2021, 04:57:28 AM »
Update

No real progress with the FrequentTrader portfolio - both the Controlled and UnControlled are treading water but expecting a big hit on the Controlled soon unless the UJ can recover.

Am much happier with the new Portfolio, which we could call the Infrequent trader.  :)   Far tighter entry conditions.

Now completed two weeks as shown in image. Translated to a $5K account at 30:1 leverage, performance equates to 8% pm with a peak DD of 2%. So if traded at 200:1 we could increase lot size 7x and return 56% pm and peak DD of 14%. That sort of return just does not gel as realistic on an ongoing basis, so we will wait and see.

Am also showing FXBlue link for those who want to look at the trades. (Can only have two widgets in Signature and I want to keep monitoring the two myfxbook links for FrequentTrader experiment for a while longer.)
https://www.fxblue.com/users/sydap2003demoapr21
Information, rebates and products -
http://www.diyforexskills.com


Offline diyforexskills

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Re: DIY Frequent Trader
« Reply #31 on: May 01, 2021, 02:41:45 AM »
Not a Bad Start

Have completed three weeks of the new Portfolio - a promising start as shown in image and here
https://www.fxblue.com/users/sydap2003demoapr21

Much more sedate than the FrequentTrader portfolios. So I will start copying these trades to a live account. I am doing the copying so that I can filter out the pending orders being placed on the live account and thus reduce margin requirement. Pending orders on the demo account will then only be placed as market orders on the live account if and when triggered.

In the meantime the FrequentTrader portfolios have stabilized and hopefully they will start their recovery process. What I want to see is whether the Controlled recovers more quickly than the UNControlled or vice versa.
Information, rebates and products -
http://www.diyforexskills.com


Offline diyforexskills

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Re: DIY Frequent Trader
« Reply #32 on: May 01, 2021, 06:03:46 AM »
Time for Some Price Control?

The AUDUSD H4 Buy strategy has performed worst in the three weeks - one win and three losses.

When we look at the charts (see first image), we can see that this pair is caught in a 100 pip range - roughly 0.77 to 0.78. And we entered too late in each case before the reversal.

So if we felt that this range may hold for a while, and thus lead to further losses, we could do one of two things.

1. Disable the EA

2. Activate the Price Control feature on the EA. So if we set this feature to Trend and set upper and lower Prices to 0.78 and 0.77 (see second image), then the EA will only enter a trade when entry conditions are met AND Price is outside this range.

When I backtest this Price Control version from 1 Sep 20 to present and compare to original, overall profit is about the same but some 20 fewer trades and better PF. So not a panacea but Price Control is an option we have with the Autotrader if we want some manual intervention for uncertain times.

We could of course also re-optimise this strategy solely for this 0.77 to 0.78 range by changing the Price Control setting to Range (instead of Trend). So it will only take a trade if entry conditions are met AND Price is within the range. A BT shows that it would then have taken Buy trades on 26 April and completed a Basket TP of 100 pips.
So this is what I will do for next week's trading. Alternatively we could also run both modified versions. Hhhmmmm....

« Last Edit: May 01, 2021, 06:05:20 AM by diyforexskills »
Information, rebates and products -
http://www.diyforexskills.com


Offline diyforexskills

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Re: DIY Frequent Trader
« Reply #33 on: May 04, 2021, 03:16:08 AM »
Copying with FX Blue Workers

A normal Copier can only deal with one transaction at a time. So if you are running a portfolio and there happens to be multiple actions required, they can only be handled sequentially. But FX Blue has now overcome that limitation by introducing Worker EAs to operate in conjunction with the Copier EA.

The full changes for Version 10 are described as:

    Versions for both MT4 and MT5. Send and receive between any combination of MT4 and MT5 accounts.
    Improved copying speed
    In MT4, run trading actions in parallel - copy multiple new signals at the same time - using an optional worker EA
    Improved automatic detection of different symbol names on different broker accounts, reducing the need for manual settings
    Override the copier's actions using your own MQL code

So I have set this up for copying my latest portfolio to my live account, as shown in image. All working smoothly. Just another free product from FX Blue.
https://www.fxblue.com/users/sydap2003demoapr21
« Last Edit: May 04, 2021, 01:39:10 PM by diyforexskills »
Information, rebates and products -
http://www.diyforexskills.com


Offline diyforexskills

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Re: DIY Frequent Trader
« Reply #34 on: Yesterday at 08:35:58 AM »
Time for Some Price Control?

The AUDUSD H4 Buy strategy has performed worst in the three weeks - one win and three losses.

When we look at the charts (see first image), we can see that this pair is caught in a 100 pip range - roughly 0.77 to 0.78. And we entered too late in each case before the reversal.

So if we felt that this range may hold for a while, and thus lead to further losses, we could do one of two things.

1. Disable the EA

2. Activate the Price Control feature on the EA. So if we set this feature to Trend and set upper and lower Prices to 0.78 and 0.77 (see second image), then the EA will only enter a trade when entry conditions are met AND Price is outside this range.

When I backtest this Price Control version from 1 Sep 20 to present and compare to original, overall profit is about the same but some 20 fewer trades and better PF. So not a panacea but Price Control is an option we have with the Autotrader if we want some manual intervention for uncertain times.

We could of course also re-optimise this strategy solely for this 0.77 to 0.78 range by changing the Price Control setting to Range (instead of Trend). So it will only take a trade if entry conditions are met AND Price is within the range. A BT shows that it would then have taken Buy trades on 26 April and completed a Basket TP of 100 pips.
So this is what I will do for next week's trading. Alternatively we could also run both modified versions. Hhhmmmm....

Now Copying to Live Account

Noticed that EURAUD and EURNZD as well as AUDUSD are caught in a range and so have set up separate strategies for these three pairs for operation only within their ranges; and prevented the original strategies from trading within those ranges using the Price Control feature of the Autotrader. Each of these have been triggered and both EA and EN have closed positive baskets. So that approach is working.

So am now copying to live account as from start of this week.

The live account being used has some previous history from freq trader and the gold strategy from Signal Start I followed for a month as noted elsewhere in the Forum.
Information, rebates and products -
http://www.diyforexskills.com


 

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