Seagull EA (By LinoCapital)
| Gain : | +589.51% |
| Drawdown | 20.51% |
| Pips: | 2728.3 |
| Trades | 382 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:500 |
| Trading: | Automated |
Seagull EA Discussion
Member Since Dec 21, 2023
47 posts
Aug 11 at 05:15
@KuMar677 Thanks mate for your good words. Although AUDCAD posted a bullish outside day on 08 Aug, 0.9063/84 still is the strong short term resistance. We'd better take profit here and wait for better opportunities. The EA well executed our trade idea.
Member Since Dec 21, 2023
47 posts
Aug 11 at 05:17
@KuMar677 Regarding AUDCAD, it posted a doji against the recent low on the weekly chart. A media term low at 0.8854 may be already placed. A sustained close beyond 0.9063/84 would confirm a potential inversed Head-Shoulders bottom and turn the trend higher again. In the very near term, some consolidation should be allowed for. Ideally, the 200-day average and 100-week average can provide dynamic support and eventually break out from the recent range.
Member Since Jun 11, 2024
2 posts
Aug 14 at 07:00
why Seagull EA was lost but Koala and Myfxtrading were green during the night? Are they the same logic?
Member Since Jun 11, 2024
2 posts
Aug 14 at 07:01
Is it time to chase NZDCAD higher manually?
Member Since Dec 21, 2023
47 posts
Aug 14 at 08:09
@ZigZag6177 Both the accounts of Koala EA and MyfxTrading include Seagull EA, their logic is the same, just the volume is different from each other. We think it was due to the order executive issue: the sudden spike lower after the RBNZ Decision was too fast, although all the accounts were located in VPS, there may be some millisecond level difference to take profit and close the orders. We believe the -$20 loss can be fixed sooner than later.
Member Since Dec 21, 2023
47 posts
Aug 14 at 08:10
@ZigZag6177 Regarding NZDCAD, should it close below 0.8267, would post a bearish outside day and bearish false break 200 day average. For now, the biggest issue for NZD wasn’t necessarily the cut itself, but more Governor Adrien Orr’s comment that a 50bp cut was discussed. Updated rate projections were not too dovish, signalling around 50bp of further reductions this year – but markets are leaning on the dovish side and pricing in 75bp . We remain positive on NZD due to the external environment. But we'd better keep the powder dry, especially before the US core CPI release.
Member Since Jul 23, 2024
1 posts
Aug 15 at 08:01
Last Friday, I setup the trade copy EA according to the userguide, but I failed to receive any trades of Snail EA this week. Is it still working?
Member Since Dec 21, 2023
47 posts
Aug 15 at 08:32
@ZaraWilson Sure, Snail EA is working pretty well for now. We suspect AUDNZD would at least retest the 1.1148 highs from mid-July, especially after the strong Australian July employment data released. It's time to look for some dips buying opportunities. Snail EA well expected our views in the technical trading.
Member Since Jul 15, 2024
2 posts
Aug 16 at 10:27
I am impressed with your technical and fundamental analysis. May I ask a question about EURUSD?
Member Since Jul 15, 2024
2 posts
Aug 16 at 10:28
Is it time to build long positions looking for 1.1500 or higher? Thanks in advance!
Member Since Dec 21, 2023
47 posts
Aug 16 at 11:35
@MaudHobart Thanks mate, no problem, welcome to all kinds of discussions. The recent uptrend of EURUSD more represents the fading story of US exceptionalism. The eurozone economy does not have a lot to shout about at the moment. That may all change after US elections in November according to the different scenarios. In the very near term, a small RSI divergence should be taken into account. Moreover, EURUSD is still capped by 200 week average. We suggest being cautious to chase EURUSD higher at the current levels.
Attachments:
Aug 16 at 22:11
LinoCapital posted:Agreed about the caution. Plus being short on larger swing or position timeframes accumulates positive swaps while you wait.
@MaudHobart Thanks mate, no problem, welcome to all kinds of discussions. The recent uptrend of EURUSD more represents the fading story of US exceptionalism. The eurozone economy does not have a lot to shout about at the moment. That may all change after US elections in November according to the different scenarios. In the very near term, a small RSI divergence should be taken into account. Moreover, EURUSD is still capped by 200 week average. We suggest being cautious to chase EURUSD higher at the current levels.
By Wisdom & Courage
Aug 17 at 11:31
@LinoCapital Hi Yue or Lino team.
To understand the risks and your system; I’d like to ask few questions:
1) What type of algorithms are you using? (Martingale + Stops?)
2) Do you use hedging or stop loss against large drawdowns i.e similar to avoid recent JPY CHF impacts
3) is copy trading same as Signals
4) can we set lot size 1x, 2x while copying to set aggressiveness and/or based on our funds
Thx!
To understand the risks and your system; I’d like to ask few questions:
1) What type of algorithms are you using? (Martingale + Stops?)
2) Do you use hedging or stop loss against large drawdowns i.e similar to avoid recent JPY CHF impacts
3) is copy trading same as Signals
4) can we set lot size 1x, 2x while copying to set aggressiveness and/or based on our funds
Thx!
Member Since Dec 21, 2023
47 posts
Aug 17 at 13:30
@Lava_FX Hi, Lava,
Many thanks for reaching out.
1. The key logic of all the published EAs is looking for divergence and/or chasing the major trend of higher timeframes and finding entries on lower timeframes. If the market goes the opposite, they'll add some positions in the same direction. The logic is not the traditional Grid & Martingale.
2. All the orders have their own stop loss, and the added positions would be limited according to the different conditions.
3. No hedging in Seagull, Beetle, and Snail EA. But Hedging is allowed in Seal and Koala EA because EURUSD and GBPUSD have higher volatility than AUDNZD, AUDCAD, and NZDCAD.
4. The trade copy master accounts are the same as we published here.
5. You can set the lot size according to your own risk appetite. However, we still suggest you well control the total risk.
6. The detailed introduction of Seagull EA was published in another famous Forex media, please find the link on our site.
7. As long as AUDNZD, AUDCAD, NZDCAD can maintain the boarder range from 2006, when the backtest started, we believe Seagull, Beetle, and Snail can work pretty well.
8. We suspect EURUSD will break out from the 1.0500 - 1.1100 range. We have already reduced the risk of Koala EA.
9. We suspect the mean reversion will persist in GBPUSD. Seal EA is still trading with the previous volume.
10. We still have another EA, the logic is completely different from the published 5 EAs, and we will let you know when it's released. Ideally, the new EA can be compatible with any other EAs.
I hope this could help.
Keep in touch,
Thanks,
All the best,
Brian
Many thanks for reaching out.
1. The key logic of all the published EAs is looking for divergence and/or chasing the major trend of higher timeframes and finding entries on lower timeframes. If the market goes the opposite, they'll add some positions in the same direction. The logic is not the traditional Grid & Martingale.
2. All the orders have their own stop loss, and the added positions would be limited according to the different conditions.
3. No hedging in Seagull, Beetle, and Snail EA. But Hedging is allowed in Seal and Koala EA because EURUSD and GBPUSD have higher volatility than AUDNZD, AUDCAD, and NZDCAD.
4. The trade copy master accounts are the same as we published here.
5. You can set the lot size according to your own risk appetite. However, we still suggest you well control the total risk.
6. The detailed introduction of Seagull EA was published in another famous Forex media, please find the link on our site.
7. As long as AUDNZD, AUDCAD, NZDCAD can maintain the boarder range from 2006, when the backtest started, we believe Seagull, Beetle, and Snail can work pretty well.
8. We suspect EURUSD will break out from the 1.0500 - 1.1100 range. We have already reduced the risk of Koala EA.
9. We suspect the mean reversion will persist in GBPUSD. Seal EA is still trading with the previous volume.
10. We still have another EA, the logic is completely different from the published 5 EAs, and we will let you know when it's released. Ideally, the new EA can be compatible with any other EAs.
I hope this could help.
Keep in touch,
Thanks,
All the best,
Brian
Aug 18 at 10:45
@LinoCapital
Thanks for the detailed responses, really appreciated.
I’ll follow you and look into your upcoming EA’s
Thanks for the detailed responses, really appreciated.
I’ll follow you and look into your upcoming EA’s
Member Since Dec 21, 2023
47 posts
Aug 22 at 10:49
@VVianBJ Thanks for your good words. No correlations among them, the logic is different from each other. Each currency has its own fundamental factors that drive price action. The correlation is just a fuzzy concept, no problem using it for some generalized analysis, but it can not be used for precised trading. When the correlation is broken, the account will be hammered or directly stopped out.
