Thread: The Hodgepodge Trading System

Thank You

Originally Posted by ;

quote Hi Krismitt, could you tell us a little more about why this new exit manner was added? Cheers, jansb000

Sure jansb:

This was requested by another Trader in a previous post and there is merit to it.

At present a few of us enter on the H4, then flip to the D1 and handle the transaction (s) out there. Why do we do so? . Just to evade the H4 exit Conditions, because we must pick one or the other

So using a No Exit Condition makes it possible for us to exit our trades whenever either our Stop Loss, Trailing Stop or Take Profit is struck.

Good for swing traders and of course is just an option.

Take Gold for example; powerful Uptrend.
But some of our two exit states would have seen us in and out of Gold in the midst of a strong uptrend - if we were trading the H4 Timeframe.
I would have preferred the option to rely on my Trailing Stop to take me out of this commerce.


Cheers.

1 Attachment(s)

Originally Posted by ;

Thank You

Nice Jansb.

I reckon though, that these are too tight for D1 Trading:-



Did you have any transactions which were stopped out? .

Cheers.

Originally Posted by ;

picture My current open trades since yesterday. Daily charts. Thankyou Krismitt for your great system. Cheers.

You are onto it Inescapable! .

I've looked at this and I am of the view that D1 trading with no Higher Time-frame Filters is the extremely profitable when trading Gold. I also have been looking at OIL likewise (doesn't work for all pairs). Edit: Martingale attribute would have to be Enabled for this without a re-entry.

The Higher Time-frame Filters will negate the swing high/low entries that are all excellent entries for this particular pair.

Great on you



GREEN PIPS NEXT WEEK!!

Originally Posted by ;

Question about how MT4 functions. When a new variant of an EA comes out with upgraded settings. Does that automatically make excisting set files unusable?

New variation may have added User_Inputs so it's ideal to re install the .set files each time.

Cheers.

Originally Posted by ;

quote You are onto it ! . I have looked at this and I'm of the view that D1 trading with no greater Time-frame Filters is the exceedingly profitable when trading Gold. I also have been looking at OIL similarly (doesn't work for all pairs). The greater Time-frame Filters will negate the swing high/low entries which are all excellent entries with this particular pair. Good on you picture GREEN PIPS NEXT WEEK!!

Yes Krismitt. It's all for you! Thankyou again friend. For now I will just stick to this daily chart trading thought with gold be individual. I believe it will do very well. When I get more time I will start experimenting with different pairs post my preferences outcomes here. Many green pips to you sir have a fantastic weekend. Cheers

INDICATOR

Here is a nice little Indior to Maintain visual track of your trades:-

https://www.mql5.com/en/market/product/3031

Cheers.

Originally Posted by ;

quote Hello Krismitt, would you tell us a bit more about why this new depart mode was added? Cheers, jansb000

Jansb:

This is a (back-testing) Trade Example of riding a strong trend together with the No Exit Choice:-

Trade Stopped out on Trailing Stop @ 430pips.

(Trailing Start has been 200 pips and monitoring distance 200 pips)



Cheers.

Originally Posted by ;

quoteCan you have any trades that were stopped out?

In my article - just the one that was negative by a couple of EUR. All the rest were positive.
Https://forexintuitive.com/forex-tra...shell-sam.html
I am rather satisfied with the results so far.

Originally Posted by ;

quote... I guess though, these are too tight for D1 Trading...

YesI suppose you have a point. I am just too scared to allow a positive commerce turn negative. I guess thats leasons from the past - never ever get greedy - be pleased with small profits. I set the break-even early. I understood that the defaults were intended for gold-trading so I decided to go in quite attentively to find settings that I can use (and hope ) on my actual account.

Up to now these configurations workout for mepersonally, but I might have made more profit with giving the EA more space to breathe. This week I shall switch to version 3.1.1 with the same settings. Then I will decide if I will alter the preferences towards more appropriate values for D1 trading.