MADTrader

stock · Post by **stock** » Wed Mar 23, 2016 9:18 am

I am testing TraderJoeForex set files from page 22 for 1 weeks.
It's make many pips. But still loosing. Same same as qvintus member testing.
So I setup new Empty4 and disable partial close in MTPM.
Next week I will update again.

Post by **TraderJoeForex** » Wed Mar 23, 2016 9:55 am

stock » Wed Mar 23, 2016 9:18 am wrote:I am testing TraderJoeForex set files from page 22 for 1 weeks.
It's make many pips. But still loosing. Same same as qvintus member testing.
So I setup new Empty4 and disable partial close in MTPM.
Next week I will update again.

The thing with partial close is really this should be more than the distance to SL if you want positive return to risk. So if the stop loss is say 2 x H4 ATR then partial close should be no less than 2 x H4 ATR. If it is lower then you may well make pips but loose money.

I do not use partial close or MTPM global with MAD-EA though. I am currently testing a few different exit strategies and will report back in a few weeks.

qvintus · Post by **qvintus** » Wed Mar 23, 2016 9:57 am

qvintus » 19 Mar 2016, 18:54 wrote:
Here is this weeks results, same settings but partial close disabled in MPTM Global.
24/5 trading un-attended full auto.

Hi stock.
I already tried that last week. Check the results I posted in above quote.

Post by **crazzzzzy** » Wed Mar 23, 2016 10:44 am

Wavegarrick » Fri Mar 11, 2016 12:05 pm wrote:Hi Guys,

Through a logical thinking process I want to attempt to show you that it does not really matter how far you have set the look back with reference to Rene's very clear 4 step process that he has once again given us with clear guidance.

Tc

Hi Wavegarrick, any updates this week with those settings?

stock · Post by **stock** » Mon Mar 28, 2016 3:37 am

http://www.fxblue.com/users/copy_tcci/stats

This is testing result from TraderJoeForex set files (page 22) form 10 march until now.
It's make many pips but not so much in profit $.
I think it's not profitable because partial close.
If we change a little bit about setting may be it's profitable.

Sorry for my English.

Post by **Wavegarrick** » Tue Mar 29, 2016 7:34 am

crazzzzzy wrote:Hi Wavegarrick, any updates this week with those settings?

Hi Guys,

Just got back from a weeks vacation, feeling nice and refreshed

I have been testing some good things that are happening behind the scenes with Mad for Rene and George and will continue this week, hope to give some feedback later on ...

Tc

Post by **passgo** » Thu Mar 31, 2016 3:19 pm

Wavegarrick » Sat Mar 12, 2016 7:08 pm wrote:Hi Guys

Without going into specifics but the kind of things that bring me here,,,,

Bippo thanks for your comments Buddy...
Passgo I read every word you said and thanks for your input....
Trader Joe once again valued input and as always follow your thoughts....
Bazze nice results as always..
Neocount u keep my mind ticking and I like your thought process.....
Tony Woodlands nice to see you here and will be following your set files....
All in all good participation here.........

Since I wrote my post, I have been trading and watching and thinking using the H4 settings - the entries are good so we need an optimal exit strategy. This all about not being STALE so leading indicators aren't the way to go. That was what made me think about modelling or forecasting so that once there was a major divergence from what we expected we could tighten stop losses or close positions.

I know SL and TP are forecasts but in this case only a forecast for one pair, not for the combination of strongweak pairs so we have not built in the interaction. My mathematics is somewhat rusty but I did think about correlation, regression, standard deviations etc. and maybe there is a solution there. Beyond my very grey cells I am afraid.

I am by nature a Naked Trader and have always liked the idea of supply and demand zones as really showing the state of the market. If we accept that supply and demand zones can be identified by the support and resistance indicator, would this help understand what is happening across markets for a combination of pairs with open positions? Could we combine Strong/Weak and Support/Resistance to design a signal to start tightening SL and closing positions. I attach a screen shot of the two pairs I have open at the moment to give a picture of how this looks - I am using MAD_EA on the H4 time frame so my reasoning is that any exit signal should be based on the H1 timeframe, i.e. one time frame lower.

Post by **TraderJoeForex** » Thu Mar 31, 2016 6:06 pm

passgo » Thu Mar 31, 2016 3:19 pm wrote:
Wavegarrick » Sat Mar 12, 2016 7:08 pm wrote:Hi Guys

Without going into specifics but the kind of things that bring me here,,,,

Bippo thanks for your comments Buddy...
Passgo I read every word you said and thanks for your input....
Trader Joe once again valued input and as always follow your thoughts....
Bazze nice results as always..
Neocount u keep my mind ticking and I like your thought process.....
Tony Woodlands nice to see you here and will be following your set files....
All in all good participation here.........

Since I wrote my post, I have been trading and watching and thinking using the H4 settings - the entries are good so we need an optimal exit strategy. This all about not being STALE so leading indicators aren't the way to go. That was what made me think about modelling or forecasting so that once there was a major divergence from what we expected we could tighten stop losses or close positions.

I know SL and TP are forecasts but in this case only a forecast for one pair, not for the combination of strongweak pairs so we have not built in the interaction. My mathematics is somewhat rusty but I did think about correlation, regression, standard deviations etc. and maybe there is a solution there. Beyond my very grey cells I am afraid.

I am by nature a Naked Trader and have always liked the idea of supply and demand zones as really showing the state of the market. If we accept that supply and demand zones can be identified by the support and resistance indicator, would this help understand what is happening across markets for a combination of pairs with open positions? Could we combine Strong/Weak and Support/Resistance to design a signal to start tightening SL and closing positions. I attach a screen shot of the two pairs I have open at the moment to give a picture of how this looks - I am using MAD_EA on the H4 time frame so my reasoning is that any exit signal should be based on the H1 timeframe, i.e. one time frame lower.

Why not just look for a break of trendline around these zones?

Post by **passgo** » Thu Mar 31, 2016 7:06 pm

TraderJoeForex wrote:[quote="[url=http://www.stevehopwoodforex.com/phpBB3 ... 82#p137882]passgo » Thu Mar 31, 2016 3:19 pm[/url

Why not just look for a break of trendline around these zones?

What trend line would you use or are you thinking of trend lines drawn manually?

I can see this is a way to manage each pair - what I was looking for is a signal that says market conditions have changed and now is the time to close the basket, taking profit or preventing the large losses. It could well be wrong and the market blasts through the support/resistance levels but when it is right and prevents the large losses, then we live for another day and protect the profits banked.

An alternative would be to tighten stop losses as a pair approaches support and resistance levels. I do this manually when I am watching (and I hear you say MAD_EA is best managed manually!) but there are those times when I can't be close to the screen and MPTM has not stopped these losses.

Post by **TraderJoeForex** » Thu Mar 31, 2016 7:38 pm

Sure.. trend line break (TDMTL works well for me) or a strength/weakness exit for pair specific. If you are looking as a basket then equity jumping stop perhaps.

Also time based exits still cut the mustard. Remember Bob's wise words of checking from halfway through a session? Of course if you can't check then perhaps just close all anyway. I like around 12 - 1pm GMT and 5 - 6pm GMT respectively.