Next Double in a Day EA Upgrade in September 2014
GOOD NEWS
Great news – As indicated in a previous email and webpage we have added new features to the Double in a Day EA which will be available as a free EA upgrade in the next version of the Double in a Day EA.
NEW SETTINGS
The new features help traders restrict the initial trade (first entry) to:
- Only selected days of the week
- Only selected times on the day.
This restriction will only apply to the initial trades. Top up trades related to those initial trades will continue to occur until the transactions are stopped out or successful.
The Re-entry setting will only work on the days and time specified.
RESULTS
When using continuous trading the results have been amazingly better than if the settings where not used.
These features will only be available in 2 to 3 weeks’ time ( (Mid September) after the user manual has been updated and a few other changes made (see below).
OTHER CHANGES
One of the changes being considered is to enable the straddle function based on a price level.
If you have any suggestions for other changes please list them below
Hi. As it was explained to me earlier, the inputs for the ea if not properly entered, stop loss too close for margin of safety, min pip distance too close etc, the back test is not possible.
Use the excel sheet to generate proper settings, then load onto a test chart to ensure the ea calculates and accepts it as feasible trading plan. Save the settings ten proceed to load them with the strategy back test.
There shouldnt be a problem then.
Hi Alex,
Is there a possibility that you will add an option to backtest this EA in MT4 strategy tester? That would be great.
Greetings,
Dawid
Thanks for your suggestions.
The whole point of the DIAD EA is to enter stops on a no risk basis. If we allow manual stops – most traders will not know where to put them and it will run the risk of big losses. This will not be implemented.
The EA already has the function to only active when it reaches a price level. Use the entry setting by entering a price level
Hi Alex with regards the sma setting could it be possible to set the DIAD direction and only trigger on a new close of candle on a selected time frame above or below a selected sma?
Many thanks
Oops – just realized there is a limit order function
Hi Alex
I would love to see the ability to manually enter the breakeven stops for the topup levels (instead of being forced to use the strategy generated levels). I have my own topup levels each with their own custom stops but currently I can’t do it with this version of the EA
Also, would it be possible to activate the strategy on a limit order – ie. enter a trade when price hits a pending limit order instead of entering the trade immediately.
Thanks
Please watch all the videos and read all the training material on the website – the topic is covered many times. When you use the Excel model the results will tell you whether it is better to use many top-ups. The option allowing you the biggest stops is sometimes the best
http://www.doubleinadayforex.com/double-in-a-day-forex-videos/
1) please meke a video or graphic about all require inputs to load on the EA, from,( EXEL STRATEGY MAKER)…
2) if better to have less topup levels.. 2 or is more efficient 3 toup levels???
I think I see what your saying. But 10 pips seems a bit small. And if you say I only want to take a buy and sell at 1.6620 in the London session.. what happens if it goes there in the Asian? You just won’t get filled I guess.
and for targets what would you use 40 pips 60?
Thx for the comment.
That would be nice but will probably never happen –
I would like the DiaD EA to be able to use trendlines or horizontal lines as entry triggers as an option instead of using price, I know it works because i do it manually all the time at S&R, your zero pip straddles can enter at the line entry points too.
With MT4 lines as triggers it can automatically enter the channels you have made with trendlines sometimes three or four times in the same channel which is a royal pain in the neck doing it by numbers manually.
The time of day entry is already going to save me two or three wasted Asian session entries in current auto mode as it is but please add these trendline horizontal line features too :))
ea will place a pending order buystop and sellstop after price reached a specific price level.
for example current price gbpusd 1.66000, specific price level 1.6620
when price reach at specific price 1.6620 then one buy stop and sell stop order place pending order with distance pips defined by user e.g. 10 pips e.g buystop 1.66300 sellstop 1.66100.
i want this feature in diad ea with specific day.
I’m really unclear on how this continues trading option is going to work. I hope there is a clear video on it. Or instructions.
I’ve been trying to test out the straddle on h4 charts with the ma knot. I had to turn off the timer because the ea times out before I could get a trade. Will keep demo testing.
“Using reverse engineering to succeed at Double in a Day trading” ?
Alex, can you please clarify:
Is this covered in a video at http://www.doubleinadayforex.com/double-in-a-day-forex-videos/ ?
Does it take some time so that I would need a VPS?
Thanks.
Hi Alex, where can I find the Strategy Tester you mentioned?
Also, has there been much success on the MA template as an indicator?
thanks again
Hi,
I think straddling based on price is a much better option so if that could be incorporated that would be great?
thanks
Can you please consider modifying the minimum distance of the straddle function from 10 pips to 0 pips?
In volatile times one trade would move to breakeven if the other direction hits the stop loss.
Thanks.
1) please meke a video or graphic about all require inputs to load on the EA, from,( EXEL STRATEGY MAKER)…
2) if better to have less topup levels.. 2 or is more efficient 3 toup levels???
What I would do if I was you.
1) I would create 4 possible DIAD Strategies for 60 pips, 80 pips, 100 pips and 120 pips.
2) I would load the EA with the first strategy into the Strategy Tester to run on a currency like the GBPJPY for about a year.
3) I would use the step function and slowly step through the whole years trading on an hourly chart.
4) I would then identify every single successful trade and analyse them to see if I can spot a trading method that is giving the successful entries. You will find that S & R and channel trading catches most trades.
5) I would also note the time of day the initial successful trades occur as well as the day of the week they occur. This should result is 100 to 200 successful trades with great data – you should then start seeing a pattern.
6) Then go onto the next strategy and do the same.
If you think this is too much work you are probably right – most people think it is too much.
If you think it is worth doing you will never battle with Forex trading again – ever. You will be the master of catching the long candle.
Some do the above and also look at the announcement schedules for every success – that’s at another level.
Hope this helps
Also you have to get over your fear of losses when trading the DIAD trades – The DIAD risk return ratios allow you to get up to + 18 trades wrong and still make a profit so you need to learn to fail too.
Hi. Wonder if the back test feature is possible in this upgrade please?
As a trader I know I am not good yet. Your summaries allow me to see clearly yet I identify the entries not as well.
Though I am proficient with ea trading, manual has always been a struggle. Even after making the call to set up DIAD I have huge amounts of doubts if my placement is suitable or correct.
Any advise please ? Thank you