I am putting this here rather than in the TDesk setups exchange so that we can possibly develop a trading method that can be moved there.
There has been a perfect combination of:
- My ever-growing faith in Baluda's Super Slope.
- The arrival of TDesk. Wow, but has that revolutionised manual trading, or what?
- A 'private' trading aid EA commissioned by zennor.
- Super Slope on the D1, H4 and H1:
- All three must agree on a trading direction.
- They must be >= 1 to buy.
- They must be <= -1 to sell.
- All three must agree on a trading direction.
- TDesk must be showing a multi-signal of >= 50 f0r a buy and <= -50 for a sell.
- Peaky must agree. I find that trading only when H4 Peaky agrees is the most successful. "Peaky" is the attached Peak HiLo indicator attached. There is a user guide available at http://www.stevehopwoodforex.com/phpBB3 ... 46#p161246 if Peaky is new to you.
- Trade the M15 charts for the trade trigger.
There are more details in the User Guide, but here is a brief description of what the EA does:
- Imagining a buying scenario, zennor wanted these trading aids to:
- Be applied when he had decided on the trading direction.
- Send trades as and when appropriate. There are two styles:
- “Regular” trades to be sent after x consecutive rising candles.
- “Pull back” buy trades after the market had fallen for x candles – i.e. “buying the pull back".
- Add new trades every time x candles had moved in the desired direction.
TDesk shows me the signals, so I go to the chart and apply the relevant XY42. I am trading this live on two accounts:
- 0.03 lots on my main account, dealing with the DD left behind by Peaky during the summer. The individual pair basket tp is $100.
- 0.01 lots on a second account account, with a starting balance of $1,000. The individual pair basket tp is $100.
You will need:
- TDesk and associated library from http://www.stevehopwoodforex.com/phpBB3 ... 22#p163522.
- SuperSlope TD from http://www.stevehopwoodforex.com/phpBB3 ... 55#p163655
It does not matter what times you trade as SuperSlope gives you a clear indication of how tradable a pair is. I tried shutting down for the evening as an experiment but found it unnecessary - a few such experiments meant I restarted the demo several times. Here is the result of where I am from just two days last week: TDesk is the genius development that makes all this possible - it takes about 5 minutes to set load up the relevant EA's, then I walk away.
Have a play and see what you think, folks.
Edit 21st October 2018:
I have used this system to deal with Slopey Peaky Bob's DD across two live accounts. I have been trading it on a third: here are the results from two weeks: Edit 3rd November 2018:
I continued trading this way throughout Desky's development - in fact I coded some of Desky's features to mirror what I am doing here. Pairs can and do go against me. Here is what I do about that:
- Leave the trades alone so long as the D1 SS is still in their favour i.e.
- D1 SS is positive: leave buys open.
- D1 SS is negative: leave sells open.
- It is amazing how often the pairs return and all three SS timeframes come back into alignment.
- Remove XY42.
- Open a sell trade to the full size of the open buys. From here, 1 of 3 things will happen:
- The market will grunge around going nowhere for ages and costing me a fortune in swap.
- The market continues to fall so the hedge trade becomes increasingly profitable. The hope is that when the market turns around again and TDesk generates a fresh buy signal, I can close the sell, bank the profits and watch the DD on the buys diminish.
- Instead, the market turns around again, and rises. DD on the buys drops and the sell hedge becomes an increasing liability. The hope here is that a future TDesk sell signal will come when those buys are profitable, they can be closed and I can watch the sells DD drop.
Hey ho; we shall see how this develops. I am hoping soon to let Desky take all this over but I am not yet satisfied that he has no more coding bloops to surprise is with.Edit 18th November 2018
I am getting great results basket trading with a basket take profit of $25 per 0.01 lots traded.
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