Hi All,
In case anyone was wondering — is the Expert Advisor (EA) still being tested / worked on?
I did receive word from Benjamin last week. It was a rather long detailed note with many great thoughts, I will share this though.
I am still committed to getting the EA working, just that the current way its been program cant work when I let it trade the live market….. it can’t read 8h bar, but surprisingly it works well on backtest. I am reprogramming it to read in 4h bar but trades the market like it is on 8h bar.
If you are receiving all new updates posted to the MT4 Expert Advisor: Conquer thread on the forum you will be alerted of this, if you are not go ahead and just subscribe to that forum thread so all new posts are emailed to you.
Just click “thread tools” and then “subscribe by email”.
Dear Friends,
In my about section of JCL’s-Forex I include very brief personal information about myself but do include, “As a Christian I have discerned God’s call to the religious life and my faith as the most important thing in my life.”
After much prayer and discernment I have decided to answer that call. I have decided to enter seminary to become a Catholic Priest so that I may give completely of myself to all of those around me. “Greater love has no one than this, that he lay down his life for his friends.” -John 15:13. It will be a long process of formation and discernment which will take approximately nine years of studies and pastoral formation and it is something I am undertaking with all of my heart, mind, soul and strength. It is with both feet I walk forward on this path.
For all active members I will keep the group open and continue to keep personal contact, mostly though email. The chat room and other portions of the member area will still remain open for current members, as well as I offer you the option of free membership. Upon your next/final payment I will email you details on how you can continue for free or if you desire to help support the community and small monthly donation.
People will still have the option to access the Conquer V2 via full payment, although they will not have personal access to myself as you do.
Also as I begin this time of formation I will keep those currently in the group abreast of how I am adjusting the Conquer to trade on a more infrequent time frame which most likely will be a once a day trade on the daily time frame, depending on my schedule. By the end of September I will have a clear picture to share of how I am approaching this.
Avanté!
Jordan
Hi all,
If my understanding is correct, you all just love being held in suspense! Hahaha, sure you do. Okay, the good news it is only for a couple of days. By Wednesday or Thursday I will have the details out in the next blog post.
Until then though – mums the word. Only speculate in the markets!
Talk soon!
Jordan
A couple of quick things for house keeping.
“Conquer EA” – Benjamin wrote last night and said the current version is only for the 4 hour time frame and he is revising it for the 8 hour now.
Which broker will I use?
I find it very easy to trade the system manually and I prefer to do so in order to understand the market. If I were auto trading I would not be able to improve my trading as I would have no feel for my system and the market. I am still using Oanda which I very much like and feel very secure with.
Bon Voyage
I will be away for a few weeks on retreat. Please see the member area for details (as I prefer to keep private from the world wide web) and how to best reach me if you have any questions.
Is it a good idea to trade in August?
People often ask about the summer doldrums (we have just traded past them!) and trading in August.
Both June and July have been difficult months were discipline and perseverance is necessary. This is a good time to be trading because we know from this market contracting will come a period of expansion.
If you look on the chart below June and July show the lowest volatility with expansion picking up in August and continuing to rise throughout the fall.
Things are not quiet on the global scale and actually very unnerving. The next crisis (however it take place) will happen and the market will open up. Remember in just May this system has achieved +31,785 pips and +59,237 pips so far this year alone. Consistency, how long do you think it will take to make our next 10,000 pips? Having traded through two difficult months (July will be the first month of the year closing in the red), this is the best time to be trading as the expansion of the market will occur sooner with each passing day.
Now December is another question. The chart above is showing the greatest volatility in the month of December however the last two weeks were almost a non-event. This coming year and thereafter there will be no trading from the close of the second week of trading through the start of the New Year.
EA Ready for Demo Forward Testing
Position size issue resolved + using Friday bar on Monday at least for backtesting in MT4. There is still one bug, if you get it to trade more than 1 pair at the same time, funny things happen. That won’t be a problem if you give the EA a diff name for diff pair and it should trade multiple pair just as well.
What happens now?
Next week when the market open I am going to forward test it on a demo account. What I am watching out for is, Lot Size, entry, exit and SL modification, it works well in backtest but you just never know. Since the multiple pair trading bug is harder to fix (for me) since I need a live market to look for it(because I cannot debug that bug with backtesting). I will leave it for latter, besides there is a solution for that problem for now, give the EA a different name for different pair. Thanks Bill for your script, it helped heaps.
How can you help?
If you would like to begin beta testing the complete auto trading expert advisor now it is available. You can email me through the Conquer Expert Advisor thread.
Any questions about install, setup, or if you find any bugs that have been missed please post on the Conquer EA thread in the forum.
What’s next?
Once the forward testing is complete and the known bug is worked out we can adjust the parameters for esmarting’s Conquer range bound markets very easily since it is the same core system and begin forward testing that as well. Then a way to determine when to trade the Conquer in trending markets and when in range bound markets will need to be determined.
I just want to ask if you have seen this pattern. Mid 2008 was considered a global crises and panic where banks in US and the world stock market crash. Upon studying from the charts how things unfold I notice that During normal period the markets where uncorrelated in their behavior, but when a crises affected the world and every market, every market was trending sharply in one direction, the difference between markets are only magnitude and direction but it was moving somewhere. The same thing happen with the Euro, in the beginning of 2010 every Euro pair was trending sharply in one direction, well before the news came out I believe.
Therefore, do you think a move that is caused by either a world or country crises can be predicted very early on in the initial stage of the trend if associated markets move sharply? If so a system designed for a crash or a trend can be smartly placed at the right time to avoid crazy whipsaws.
Re: Prediction issue
In hindsight -from past market behavior- I am able to see what you are describing. I agree, it is imperative to be able to trade according to the market; trending and non-trending.
The correlation in a crisis can vary. For example in Mid 2008 the USD and JPY were the only two pairs that appreciated. This was new behavior for the JPY to appreciate and become a flight to safety.
During the next crisis (and there will be a next) that last correlation may not exist. Maybe gold will not be viewed as a safe haven. We just don’t know.
Since the conquer builds into these occurances during all market crisis it has you on the right side of the market on all pairs -which are correlated, for example all Yen pairs are trending together- and building into winning positions on big moves. The performance is remarkable.
The question remains, how do you know when you are in a trending market and not.
The conquer trading system is setup to take small frequent losses in periods where the market are contracting. This provides for a manageable draw down of less than 9% which because of the system internals (risk/reward ratio’s and position sizing) the system is able to return to profit within just a couple of 8 hour signal periods. If there were a way to know when the choppy period was going to be so that the system could be adjusted for trending and non-trending periods is the holy grail.
The ATR’s when over a certain price should do exactly that. What is the correct price. For the EUR/USD perhaps over 170. For the GBP/JPY 200 pips.
