garyfritz wrote:IMO fixed-pip SL / TP / BE / etc is the WRONG way to do things in general. Volatility changes from day to day or hour to hour, and different pairs have different volatility behavior. You should use volatility-scaled stops, using ATR or something similar. That way the EA can respond to changes in volatility, and it might also be able to use the same stop inputs on different pairs. That's the way I build all my systems on Tradestation and it works much better than fixed values.
I think Eval gets great results in his manual trading. But, like many of these approaches, it seems to work best during the Euro hours, which is the middle of the night for me. I'd really like to see an EA that implements his approach successfully, even if it doesn't do as well as Eval can. An EA that can run overnight and capture 50% of what Eval can, would still be a huge improvement over "nothing."
Hi Gary,
firstly, i agree with you 100%, only half of what Eval gets in would be more than good enough. I also think that Eval has his own 'style' of trading and can recognise patterns and understands the hi's and lo's opf the market, better than the normal guy/trader/gal on FF. He would have the uperhand there, but an EA is proving a little dicey, as Steve had warned. Repainting thingies are not so great to draw info from!!!
i think we can at least get into the right direction using the available inikators, but i really liked what you said about ATR.
i tried to mess around with the ATR settings in the EA, but i seem to get it wrong.
It's alot for you to look over, but here's the short on the issue. i noticed your comment here and tried to run some of the position/charts with-out the BE. i really got burned by those positions. i must be getting something wrong on the ATR. When the position went the correct way, it did so all the way, but movements like that are far and wide between.
your point is exactly a hassle i got as i also trade in the metals, only my ava accounts have the metals trades, but if you look at silver against gold or platinum, they are completely different settings. no matter what i try there, i get burned, TF's, Trailing Stops, and our favourite fixed stops. i keep getting caught by the volatility as some currencies also have.
can you suggest a setting for the ATR mode here. Slowkey and i would be more than happy to 'marry it' to the other settings on different TF's and see what we can come up with in both currencies and metals.
i have already posted this link, but you'll only find what i already told you in a nutshell,
http://www.myfxbook.com/members/cuzgeor ... n7zOJfAiHc
please let us know if you have any ideas to try.
thanks
cuzgeorge
