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Thread: Kolachi EA

  1. #1

    Default Kolachi EA

    hi funyoo can you develop this:

    Method:Use 1H chart.Use wma5 and ema21.Use MACD or CCI for better understanding.Place 55 ema, 100 ema and 200 ema on your chart.

    Signals:when wma5 changes its slope place the entry.Wait for the pull back to ema21.If it crosses through it then be patient and exit on next change of slope.If it is repulsed then exit as soon as possible preferably with some profit.Repeat the process again on change of slope.

    Whipsaws: Unlike other crosses this method has very few possiblilites of whipsaws.The reason being the difference in the period of two MAs.Moreover our entry is not the cross itself but the change of slope of wma5.In case of whipsaw you will see the repulsion of wma5 from ema21 but you have already break even or locked few pips.

    Axis: wma5/ema21 has an axis of pullback which is 200 ema.It goes to a cetain level away from it and then it is pulled back for obedience till it is allowed to cross otherway to certain extent.

    Comments:
    1)You will mostly see that wma5 is repulsed from ema21 on the first attemp mostly.
    2)On second attempt it will mostly cross and may be stopped by ema55 which is a strong resistance and support in my system.
    3)Once price has breached it then it will face ema100 as next level and the last one is ema 200.
    4)Once wma5 has crossed an ema it is usually not the routine that it will cross back the same ema unless it has crossed some other higher level prior to that.
    5)Tackle repulsion from ema55 carefully bcoz it means price has equal probability to cross it again as emas have habit of rejecting once atleast.

  2. #2

    Default Kolachi EA

    knows anybody the kolachi trading system? and can give me the ea and setfiles?

    thanks peter

  3. #3

    Default Some info

    Quote Originally Posted by peter1977 View Post
    knows anybody the kolachi trading system? and can give me the ea and setfiles?

    thanks peter
    Hello, I found this. Maybe it could help to prepare the EA
    Source:
    Kolachi Method Of Trading

    Hope this helps
    Attached Images Attached Images Kolachi EA-screenshot-jpg 

  4. #4
    Administrator funyoo's Avatar
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    Default

    Hi peter1977 and jtoscano,

    Here is an expert advisor.
    Attached Files Attached Files

  5. #5

    Default

    hi funyoo could insert additional martingale? thanks peter

  6. #6
    Administrator funyoo's Avatar
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    Quote Originally Posted by peter1977 View Post
    hi funyoo could insert additional martingale? thanks peter
    Hi peter1977,

    Martingale option available.
    Attached Files Attached Files

  7. #7
    Administrator funyoo's Avatar
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    Quote Originally Posted by peter1977 View Post
    hi funyoo can you develop this:

    Method:Use 1H chart.Use wma5 and ema21.Use MACD or CCI for better understanding.Place 55 ema, 100 ema and 200 ema on your chart.

    Signals:when wma5 changes its slope place the entry.Wait for the pull back to ema21.If it crosses through it then be patient and exit on next change of slope.If it is repulsed then exit as soon as possible preferably with some profit.Repeat the process again on change of slope.

    Whipsaws: Unlike other crosses this method has very few possiblilites of whipsaws.The reason being the difference in the period of two MAs.Moreover our entry is not the cross itself but the change of slope of wma5.In case of whipsaw you will see the repulsion of wma5 from ema21 but you have already break even or locked few pips.

    Axis: wma5/ema21 has an axis of pullback which is 200 ema.It goes to a cetain level away from it and then it is pulled back for obedience till it is allowed to cross otherway to certain extent.

    Comments:
    1)You will mostly see that wma5 is repulsed from ema21 on the first attemp mostly.
    2)On second attempt it will mostly cross and may be stopped by ema55 which is a strong resistance and support in my system.
    3)Once price has breached it then it will face ema100 as next level and the last one is ema 200.
    4)Once wma5 has crossed an ema it is usually not the routine that it will cross back the same ema unless it has crossed some other higher level prior to that.
    5)Tackle repulsion from ema55 carefully bcoz it means price has equal probability to cross it again as emas have habit of rejecting once atleast.
    Hi peter1977,

    See above.

  8. #8
    Junior Member
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    Default Martingale protection

    Hi Funyoo
    When I ran this EA with one position to open and martingale I get nice equity curve but also get 9 consecutive losses that can increase to 10 or more
    I am thinking about mechanism to reduce consecutive losses by 2 if second position will be hedged.
    Example: 0.1,0.1with hedge,0.2,0.1 with Hedge,0.4,0.1 with hedge,0.8,0.1 with hedge,1.6,0.1 with hedge,3.2,0.1with hedge,6.4
    and even more positions in the sequence if the multiplier is smaller then 2.
    The profit will be lower but the risk will be minimal close to "0".
    Attach graph for 1.7 multilayer GBP/USD 1H from 01/01/09 till 06/30/09 SL 50 TP 100
    If you want to put second line of defense you can create a recovery system that will give the trader an option to reduce the TP value after "X" positions.
    Funyoo
    Can you look in to it and see if it make sense and can be coded
    and if it works you can add option to open new position every time that position close with the direction of the EMA to compensate the money lost on the hedged positions.
    Thanks
    Izak
    Attached Files Attached Files

  9. #9
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    Default

    This is the graph 50% in 6 month but can run on $ 25,000.- for the same results
    Attached Images Attached Images Kolachi EA-gnpusd-gif 

  10. #10

    Default

    Quote Originally Posted by izak View Post
    Hi Funyoo
    When I ran this EA with one position to open and martingale I get nice equity curve but also get 9 consecutive losses that can increase to 10 or more
    I am thinking about mechanism to reduce consecutive losses by 2 if second position will be hedged.
    Example: 0.1,0.1with hedge,0.2,0.1 with Hedge,0.4,0.1 with hedge,0.8,0.1 with hedge,1.6,0.1 with hedge,3.2,0.1with hedge,6.4
    and even more positions in the sequence if the multiplier is smaller then 2.
    The profit will be lower but the risk will be minimal close to "0".
    Attach graph for 1.7 multilayer GBP/USD 1H from 01/01/09 till 06/30/09 SL 50 TP 100
    If you want to put second line of defense you can create a recovery system that will give the trader an option to reduce the TP value after "X" positions.
    Funyoo
    Can you look in to it and see if it make sense and can be coded
    and if it works you can add option to open new position every time that position close with the direction of the EMA to compensate the money lost on the hedged positions.
    Thanks
    Izak
    Hello Izak, So far I have not found any martingale system that passes the test of time. As a safe practice I always simulate martingale strategies for at least 3 years, but unless the profit is low, there is a moment where all the planets get alligned and it gets the "n" deadly consecutive losses, and it can not recover or even worst, wipes out the entire account. Another martingale-like strategy would be to use basket profits with increasing lot sizes. This one keeps all trades opened until a collective profit or a collective loss point is hit.
    It would be nice to find a system that could generate 20% or more per month on a consistent basis, perhaps having a loosing month eventually but recovering afterwards.

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