Frostys Daily Trades - 100/40 1D EA method
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Thread: Frostys Daily Trades - 100/40 1D EA method

  1. #1
    2 Attachment(S)) Updated- 10/22/08
    OUCH!!!

    After being up to just over $2,400 on Friday, I dropped quite a bit Monday and Tuesday. About $1300. This is because of me greedily trading pairs and recklessly allowing them trade with no oversight. When a pair fails to retrace, this is exactly what occurs. I'm up $92 from my start date (since I withdrew $925 a few weeks ago). That is about growth over about 30 days. Not good at all but I might have done a LOT worse.

    It hurts, but here's the honest truth:

    Inserted Code Total Running Live Time: 28 Trading Days Initial Investment: $1,992.43 Profits Taken (w/ cost): $925.00 Current Value: $1,159.43 Avg Daily Profit: $3.29 Total Closed Profit: $92 Total Growth: 5%

    ------------------------




    UPDATE: Live (well, updated every 5 minutes anyway), up to date chart can be seen http://www.frostcall.com/mt4/statement.htm

    (I Don't sell or promote anything there, it is Only a chart. The chart is displayed above. No need taking a look at the chart if you don't would like to see the current trading balance and you love numbers. I'm doing this this way because MT4 auto-updates this chart so I can not hide any failures and it saves me around 15 minutes per day and I'm super lazy )

    ==================================

    Depending off the EA provided by in this thread:
    https://www.forexforum.co.za/cryptoc...ne-offset.html
    (On page 57 for your super idle)

    I began using the EA to a micro account with $1992.43 (later I had screwed around a little down from $2000). I don't care if you know how much is in the micro account, 2k is not anything to brag about. On what it appears that trading live with this, the objective of this thread would be to update 100/40 fans. The first 12 hours or so I traded with EURUSD, USDCAD, and EURJPY. I was monitoring the trades to kill off 'death trades' and I dropped EURJPY for USDCHF. Additionally, I traded the very first week with 0.1 lot dimensions:
    EURUSD
    USDCAD
    USDCHF


    I am now running the next 8 pairs:

    EURUSD
    EURGBP
    EURCHF
    EURJPY
    GBPUSD
    GBPJPY
    USDCHF
    CHFJPY

    I conduct them with 100/40 on default configurations except for a lot size of 0.01.
    I also run the same 8 pairs with bastardv03, with AWE turned ON, and a lot size of 0.01
    Bastardv03 is my modified version of 100/40 and it works the same way, it just has a few more choices and when AWE is turned on, it uses my AWE method to decide whether it needs to buy or sell rather than the daily MA's the 100/40 uses. You can find out more about AWE here




    My results are my results. Do not expect me or to get rich doing what I'm doing. Constantly use ion, java may be hot, you may cut, not watch for falling rocks, intended for children under age 3 and don't sue me.


    To keep matters easy for me personally, I will no longer post daily stats in the base of the thread. I can update weekly in the top and the chart will remain live. Additionally, you can view my stats page.

    At the request of a few, here are the quotes from Nanningbob (posted with his permission). I will edit these to make them easier to comprehend.

    Quote Originally Posted by ;
    My EA is based on a different form of trading. I exchange within an 3-400 pip range on all currencies. That means provided that from the very first entry (level 1) until level 8 (8x40) My EA can earn a profit. Each time you enter a new level it multiplies the pip variable by 1.5 every 40 pips. This multipliion allows each level to earn more income than the preceding level so as it profits the winners are far larger than the winners and you also earn a profit. Once you get into the 3-400 pip from the level you face what I call the death trade. That means price is going outside the range of the EA. In almost all cases this won't happen in one day (except that the GBP/JPY and GBP/CHF) At that point you are interested in finding some type of retracement to escape the transaction in a little loss. The reason we only go 8 levels deep is we never allow the losing trade get so big so as to wipe out your account. (a common characteristic of martingale trading, in other words, never allow your loss get big) We believe in trading this way that the winners will far outweigh the losers and will show up as a steady profit increase with an occasional reduction dip. Our form of profit is measured not by pips however by percentage of account increase. The largest problem faced by traders utilizing this is when to get out. This understanding can only be gained from live demo trading, so you want to learn the following skills to successfully exchange thits system

    1. Learning to recognize and take a loss. The EA will handle the winners, you have to only protect yourself from the big reduction.
    2. Substantial losses are prevented by learning to read support and resistance lines on a 4H or 1D chart. This entails waiting for the bounce off the traces to lesson your losses or cutting your losses if the traces are broken.
    3. Learning to recognize truly big news reports and becoming out or closing all your trades so you have the whole 400 pip protection range of the EA.
    4. Not trading over the weekend if at all possible due to gaps in price when monday hits. These gaps are brought on by weekend news reports which will affect the market. Last monday some currencies gapped over 500 pips from the fannie mae, fannie mac tales.
    5. This EA is based on two fundamental principles of Foreign Exchange
    A. Price always retraces, it never always goes up and it never always goes down. Retracements make you profits or lessen your losses to small amounts.
    B. The maximum amount a currency will proceed in a day is limited to less than 400 pips. Most currencies will proceed 75 to 250 pips per day (except that the GBP/JPY and GBP/CHF) and it requires a news story of enormous proportions to change other wise. (See my 7 currency facts for certain information)
    6. The EA follows the daily trend based on a 1MA crossing a 1MA shift over 1 or a 2 MA crossing a 1MA. This allows you to follow long runs successfully but also turns the instructions immediately if the market changes direction throughout the week.

    This system isn't a true martingale system but was greatly modified to prevent the death transaction. I call it Modified martingale or Phasing in trading. Phase trading is used by the large professional traders. They do not enter a market with 100,000 lots at once but enter phases since they follow the fundamental trends of a market. They also dont use 20 pip stop losses. If price goes against them they input lots. If price goes with them they will enter more lots.

    Since we dont have the countless billions they have we use pennies, nickels and dimes. Using small amounts helps prevent large losses and spreads the risk over many currencies. This is a common instrument of investors in every sort of investment portfolio. It's surprising to see traders putting all their eggs in one basket. Ie just one currency.

    So how do I trade. My typical day starts around the JPY open and I attempt to shut in profit throughout the EURO (most frequently) or the USA session. Occasionally I will ride the EA for 2 weeks or longer depending on circumstances and the market. I do not follow each individual currency but also the total profit or loss of the entire trade bundle. If I find profit in my trades and the ones are profitable or little reduction I will shut for the day and reopen in the JPY session. This isn't a rule but one which fits my lifestyle best.

    Attached is your EA I used on the chart over. It's the 100 take profit reenter every 40 levels, multipliion factor 1.5, and the previous reentry is at par 8. It's my most tested and reliable EA. It has passed the test of this interest rate moves of April and March. The price drops of the GBP and EUR and lived the jumps from the JPY when the prime minister resigned. I've 3 occasions now doubled the account out of 3000 to 6000 and I have never wiped it out on a death trade. It and A small tender attention works.
    One of the chief differences from 's utilization of this machine and mine is that I have a tendency to allow the EA run all day and all night, only closing it on Fridays (manually, not using the Friday alternative in the EA).


    ============================
    Semi-Daily Summaries:
    ============================

    Stopping with all the daily tally as I've been quite busy. However, you can still see the live chart above or from http://www.frostcall.com/mt4/statement.htm

    I attempt to keep the chart showing the maximum current 7 days of activity.
    https://www.forexforum.co.za/attachm...2000096878.mq4
    https://www.forexforum.co.za/attachm...1971635762.mq4

  2. #2

  3. #3
    Quote Originally Posted by ;
    Down at about -$400 Draw Down at the moment...
    gbpusd has given me the most problem. It survived the 8 amounts, but not today. Every other pair on my record did great on average of 5 degrees.

    Is the dd due to gbpusd?

  4. #4
    Quote Originally Posted by ;
    Based off the EA provided by in this thread:
    https://www.forexforum.co.za/general...rs-thread.html
    (On page 57 for its super lazy)

    I started using the EA on a micro account using $1992.43 (after I'd screwed around a bit, down from $2000). I don't care if you know just how much is at the account, 2k is nothing to think of. On what it looks like trading live with this the purpose of this thread would be to update 100/40 fans. The first 12 hours or so, I traded with EURUSD, USDCAD, and EURJPY. I had been actively tracking the transactions to kill off 'death trades' and that I dropped EURJPY for USDCHF.

    My preferences are as follows:
    EURUSD: Stock EA configurations, no changes except to MAGIC amount
    USDCAD: All stock except for MyMoneyProfitTarget is set to TRUE and the My_Money_Profit_Target is put to 100.0, aslo changed the MAGIC amount
    USDCHF: Stock EA configurations, no changes except to MAGIC amount

    I have not attached the EA since I really believe that anyone wanting to utilize it needs to visit the thread above and READ what and others are saying. It's crucial to understand before going out and lose all of your cash. I am investing in three different markets to receive a little bit of diversifiion going. My results are my results. Don't expect yourself or me to get rich doing what I am doing. Always utilize ion, java may be sexy, sharp edges can cut against you back, not watch for falling rocks meant for children under age 3 and don't sue me.
    Tdion, you're welcome to comment as well, I love your stuff.

    ============================
    Semi-Daily Summaries:
    ============================


    9/14/08 - very early 9/16/08
    Closed P/L: $80.73
    Floating P/L: $24.24


    ============================
    TOTAL CLOSED PROFIT/LOSS: $80.73
    cool Frosty, good show. Hey you trading using .01 .05 or even .10?

  5. #5
    .10 on the micro. I can do .01 but puts my risk:reward low.

  6. #6
    A couple of changes made to the very best post. New statement. Still in the constructive but not as volatile as yesterday.

  7. #7
    Good luck, Frost.


    I'll be watching and looking forward to viewing your results.

    PD

  8. #8
    Today was a crazy day. Right now, my floating balance is$167 so it's getting better. I have resolved to attempt to dismiss the as far as you can. I will trust in the system although I will however attempt to prevent death trades. It seems to work.

  9. #9
    Wow, I'm stupid. I came home this afternoon and saw down the draw (around $500) and I freaked out. I made 4 really dumb trades and lost $-93, $-24, $-42, and $-31.13 to get a total of $-190.13, in a matter of a couple of minutes. Lesson learned I can not outsmart the static, I need to stay with the program. A science is behind the numbers. It made me today despite the fact that I lost myself 190. When I had left it 12, that would have been $ 400. See that significant dip? That's not the EA, thats ME being dumb.

    I've switched off the EA for the Remainder of the day and for the weekend. I think I'll tinker a bit. I've noticed that the transactions can find a bit large, so that I might take the 0.1 down to 0.3 or 0.5 and exchange on a couple more charts to help spread the risk while keeping the profits. I will do some testing this weekend to find out what I'm comfortable with.

  10. #10
    Quote Originally Posted by ;
    Wow, I'm stupid. I came home this morning and saw the draw down (roughly $500) and I freaked out. So I made 4 really stupid trades and lost $-93, $-24, $-42, and $-31.13 for a total of $-190.13, in a matter of a few minutes. Lesson learned I can't outsmart the static, I want to stay with the program. There is a science behind the numbers. Today, even though I lost myself 190, it made me 210. That might have been $400 if I had left it alone. See that significant dip at the 91 trade mark? That's not the EA, thats ME being stupid.

    I have turned off the EA for the Remainder of the afternoon and for the weekend. I believe I may tinker a bit. I have noticed the trades may find a bit large, so I might take the 0.1 down to 0.3 or 0.5 and exchange on a couple more charts to help disperse the risk while retaining the profits. I'll do some testing this weekend to find out what I feel comfortable with.
    Yes this is how you control risk, smaller trades and more currencies. I believe you're beginning to see some things. Fantastic job.

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