Wavegarrick » Fri Apr 24, 2020 5:48 pm wrote:

taipan » Thu Apr 23, 2020 5:25 am wrote:Hi Leon,

Thanks for the update, will try an update again and make it better.

Thanks Taipan,

I am sure you will come up with some improvements

My ambition has been to get an exit as soon as price changes in the opposite direction i.o.w get a timely exit. In my endeavors with Expert advisors I have too often seen that very good profits are given away when trades are closed with an opposite trend signal. This is of course taking a total hands off approach without manual intervention. So in a way I have concentrated more on exits than entries in my year long quest.

In my approach you will see that I follow trend on the 4 hour time frame. My profits will take a knock in ranging periods but grow substantially in trendy periods. I hardly have draw down because my trades are closed timeously. In ranging periods I take a knock but in trendy periods I can have more than 20 000 pips on the table. This is how I have grown my system.

So let us take this a step further, now that we know we have a good exit. We need some sort of filter to take out the ranging periods. If we can get a good filter that looks at the higher time frame which will make you wait for your entries, but will give you quality entries with a timely exit, I think we will be onto something good.

I have tried with HGI on the higher time frame but was not too successful. I am now looking at solar winds joy which on a visual back test looks good. If you add the daily time frame you could have a filter. Alternatively add the daily and weekly time frame. Anyway, these are just ideas to explore which I have not yet touched.

This is the kind of thing we could look at and ideas are welcome.

Have a great weekend.
Cheers
Leon

trader689 » Sun May 24, 2020 6:16 pm wrote:Before anyone else replies to WilemJvR above, I have been in pm contact with him and we've sorted the issue. No further action required

Trader

lamdog330 » Wed May 27, 2020 2:45 am wrote:Hi Wavegarrick

This setup is amazing. I started with $5000 and it's now $8000 in one month.
I do notice that it will give back 50% of the profit or worst if I let it run the whole week, so I just close all trades after I have a satisfied profit of about $1000 (usually by Tues US end of day). I will close it all manually and wait for Monday again. Consistency is the key.

What do you think? I remember you manual intervene as well.