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Thread: Pattern EA

  1. #571
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    Quote Originally Posted by Nate View Post
    Couple hundred more points today Mike. I'd like to test it for at least a month on demo to get a feel for the swings it is likely to take. Still optimistic.
    I don't plan on messing with the inputs or code at all if it continues to perform. (If it aint broke, don't fix it) But, I am considering a different/simpler exit strategy. Perhaps a hard stop 10% outside the PRZ (red box). With a scaled target at the B point. (Where the two triangles meet)
    What are your thoughts?
    Congrats! I loaded up a demo account with v 1.02 on the same pairs and time frames and it is down $687 trading .10 lots.

    I would test it at least for a month. If you are planning on trading it without any manual intervention; test it the same way.


    I think i would try the stop you suggest and optomize the % outside the box. I would also look at an ATR TP and SL so that it will alter with the changing dynmaics of each currency pair.

  2. #572
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    Awesome. Between us perhaps we can figure something out that is profitable. Curious.. Why in the world would you be down when my platform is doing well? Right now I am with FXDD, you? My reports previously were on closed trades, perhaps that is the difference. Hoping in the next couple of days you will have similar results. I also trade different lots for each timeframe so I can distinguish them in the future for data. I'm sure there is an easier way, but it works well for me.
    The ATR element is interesting. However, I have next to zero experience with it. I'll google it and give myself a crash course.

  3. #573
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    Lost a couple hundred points overnight to my closed positions. Now things are seeming a bit more realistic. However, open trades are up over 500. This thing is wild.

  4. #574
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    Well as far as I can see the problem was that the Gartly repainted. The LAST DEAME PATTREN indicator that someone posted here might not repaint. It's in fact very specific about it's levels. It prints them as objects. Now apparently Gartley's are supposed to be about 70% accurate. And that should be easy enough to test.

    Nowhere in this thread did we ever test the principal of Gartley Patterns. In fact as time went on it became less and less about Gartley.

    Now to all the contributors. Incredible job. Nice to see a forum where it's not a continuous pee'ing contest to see who the biggest dog is.

    I'd like to propose to get this lot going again that we do a small EA that can read the values of the objects of the LAST DEAME PATTREN indicator, which is pure Gartley. Not a difficult EA at all. Take a few minutes for someone who knows what they're doing. We slap that on 20 pairs on a server and see what the statistical returns are and then we know if we have something we can make a more complex EA from...

    If it's really 70% there would be no need to do anything else..

  5. #575
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    I agree totally BP. If gartley can truly produce 70%, why make modifications and extra rules? It just pollutes the data. Who could right such a program/ea?

  6. #576
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    Quote Originally Posted by Metatrader7 View Post
    If anyone is real serious about pattern trading, should start isolating patterns on new higher high/lower low/close criteria and building zig zags and and new high/low index indicator.
    Can you elaborate on this please? Also, why is this EA a "perversion" of Gartley?

  7. #577
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    Quote Originally Posted by BrokenPips View Post
    Well as far as I can see the problem was that the Gartly repainted. The LAST DEAME PATTREN indicator that someone posted here might not repaint. It's in fact very specific about it's levels. It prints them as objects. Now apparently Gartley's are supposed to be about 70% accurate. And that should be easy enough to test.

    Nowhere in this thread did we ever test the principal of Gartley Patterns. In fact as time went on it became less and less about Gartley.

    Now to all the contributors. Incredible job. Nice to see a forum where it's not a continuous pee'ing contest to see who the biggest dog is.

    I'd like to propose to get this lot going again that we do a small EA that can read the values of the objects of the LAST DEAME PATTREN indicator, which is pure Gartley. Not a difficult EA at all. Take a few minutes for someone who knows what they're doing. We slap that on 20 pairs on a server and see what the statistical returns are and then we know if we have something we can make a more complex EA from...

    If it's really 70% there would be no need to do anything else..
    Can you guys link me? I'll try to write that EA.

  8. #578
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    Hello mfurlend
    I'm probably the least important person on this thread, but here are my ideas:
    I'm having promising results using an indicator named ZUP_v71. The problem is, I can't watch the computer 24/7. I know, same old story, right.
    This version of ZUP provides the support to identify garley patterns. It also provides a box following a gartley pattern. This box is known as the 'potential reversal zone'
    The way I have been trading, and my thought of the perfect EA is this:
    Three points of entry within the box, one near the bottom, one in the middle, one at the top.
    Stop loss for all trades (1,2,or 3, depending on how many pending orders the price hits) outside the box by 20% of the size/height of the PRZ (in pips)
    2 Take profits... Book half profits at 50% of level B and move stops to break even. 2nd Take profit at the B level.
    What do you think? Any thoughts?

  9. #579

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    buy at d and sell at c?

  10. #580
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    scale in three enries in the PRZ. Target the B point (where the two triangles touch)

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