Thanks Steve
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DislikedI am getting some interesting results from SteveFx EA.
However a question. I have it trading from the retrace Atr.
What role does the RSI play? The reason I ask, is that I set the overbought/oversold to 70/30 and it has just taken a trade with the rsi at 49.
ThanksIgnored
DislikedOops. That is because I forgot to add it to the code. The robot is only supposed to trade the retrace from the outer lines if Rsi is overbought/sold.
I also needed to add code to stop the robot drawing the lines before the opening of the 19th candle, otherwise they were being drawn to incorrect values.
Both these things are fixed in the post 1 update. This is an essential download for anyone trading the retrace.
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Any other requests whilst I am about it?
DislikedOver the weekend, I am going to add these to MM:
- allow it to trade the breakout.
- close the breakout trade if it is still open when the retrace becomes available, then trade the retrace.
- I like the Chandelier ts from Tiger, so I am going to import that.
Any other requests whilst I am about it?
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DislikedOver the weekend, I am going to add these to MM:
- allow it to trade the breakout.
- close the breakout trade if it is still open when the retrace becomes available, then trade the retrace.
- I like the Chandelier ts from Tiger, so I am going to import that.
Any other requests whilst I am about it?
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DislikedSteve, I would appreciate it if you could add a partial and full TP/ SL to the MPTM based on ATR in Pips.
I define my sl and TP based on the ATR and have to manaually add it to the MPTM to set the missing SL and TP.
This would require a variable multiple of the ATR for each
Many thanks for your consideration of this
regards
PeterIgnored
Disliked
Hehe-I can only think of two things:
1) To bring back the bar that marks the end of the count so folks can see when counting ends and trading begins. That was helpful visually.
2) A version that starts the count on Tues at 12PM-this would be just a mid-week update version for people using it as an Indy on lower TF's.
Obviously if #2 is too involved, you know.
Many Thanks!Ignored
DislikedLatest MM version is in post 1 - see updates for details.
I am getting great backtests on GJ without Chandelier, but no trades at all on other charts - no idea why not.
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DislikedHi Steve,
The last two updates (including this one) would not backtest due to:
2010.07.22 15:44:05 TestGenerator: unmatched data error (low value 135.5800 at 2010.03.21 23:45 is not reached from the least timeframe, low price 135.6200 mismatches)
2010.07.22 15:44:05 TestGenerator: unmatched data error (volume limit 65 at 2010.03.21 23:45 exceeded)
I'm not too code savy, but I'll give you the last version which backtests successfully-maybe this can help to isolate any problems in the new code which might be creating the error.Ignored
DislikedHave had the original FTLR running on 7 currencies since a couple of weeks ago. M15 and H1 did not work out well with over 12% floating DD seen on the M15 at least. The VPS was rebooted while I was sick over the weekend and I did not notice until later in the week, but the H4 has done pretty well. It was almost at 10% profit with a floating DD of about 1%. Max floating DD was about 5%. I would happily put this on my live account but for one thing..... The ever-present spectre of the run-away trade that never comes back, wiping out all profit and...Ignored
DislikedThe final key is usually the first key which is economic and fundamental analysis. There will be a key reason(s) why the runaway or death trade occurs and is why you shouldn't have entered that particular trade in the first place.
The biggest problem is sometimes there is nothing wrong with the trade you have taken but unknown to you a financial institution has decided to sell or buy in large volumes. Unfortunately you happen to be on the wrong side of the trade. You will never be able to compensate for this. The difficult part is being able to...Ignored
DislikedAbsolutely 100% accurate - so anyone trying to run a 24/7 robot strategy may as well pack up and go home .. right?
- or is there a solution to the death trades maybe?
Even the major banks with all their (our) money can't produce a perfect robot so for us lowly retail traders we have to start from the fact that we are going to fail sooner or later. Actually this is a good starting point as at least we know where we stand.
So as we can't easily get around entering a death trade in the first place, we can only try and...Ignored
DislikedYou will find that most death trades occur approaching economic news related to 1. Interest Rate Change. 2. Trade Balance Figures. 3.CPI. 4. NFP. The big boys will usually start selling their open market positions around 30 minutes before these scheduled times as even they dont know the full impact of the pending news. Sometimes they will hold them and ride out any market retraces as they have deep pockets to do so. The question then becomes how much retrace do you allow for before closing your positions as you will get false market retraces only...Ignored
DislikedThanks Scooby - interesting indeed.
I assume the 5th trading room is GBP?Ignored