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002097's PwR scalping auto trading robot by Steve Hopwood

  • #81
  • Sep 6, 2011 6:14am Sep 6, 2011 6:14am
I just googled RefreshRates() and strategy tester; it seems that RefreshRates() does not work within a while (some conditional) cycle.

It could be that the code will work properly in forward demo testing, so the attached tests this. We shall have to see if it works - it is the one I am testing now.

Attached File(s)
File Type: mq4 Aurora.mq4   33 KB | 468 downloads
  • #82
  • Sep 6, 2011 6:48am Sep 6, 2011 6:48am
Quoting SteveHopwood
This is the first scalper I have coded that has started so well without taking insane risks with r:r.

You have my attention now. I do not fully understand what you want the no hi-lo/PwR bot to do. Put it into words of one syllable and I will code it for you.


I just got my platform ready, how is she doing today?

About the changes I would like to try, let's see... first of all, most of them are meant to be used on testing some other ideas I have for others EA's.
I don't really know anything about coding EA's, but I believe that the skeleton of Aurora can be used and with minor changes transformed on some other beautiful girls.

For now, Aurora trades based on PwR direction and Hl Hl and Lh Ll and I see that the "spread thingy" as already in the code.
She should have the ability to use or not the Hh Hl, Lh Ll trigger.
If ON, trade the original way, opening pending (if possible), limit (if price is above or bellow, long and short orders, respectively or market order if price goes to levels where that is a advantage for us according to PwR direction.
If OFF, it should open orders just in the direction of PwR.

Then the PwR direction condition should be able to be turned ON or OFF, leaving Hh Hl, Lh Ll ON or OFF. All user defined.

This will allow us to test different approaches.
  • #83
  • Sep 6, 2011 7:17am Sep 6, 2011 7:17am
This is very similar to my system I use together with Carolco grid tool on 4H TF EU only.. i already have Aurora on my Demo..

I went back few minutes ago and saw that some Chf pairs made about 500-1000 pips within 5 minutes.. Ive never seen something like that before.. Uhh. Not earthquake or terrorists.. Intervention of (Switzeland) banks does huge movements... :-)

So I consider banks as biggest terrorists in the world...
  • #84
  • Sep 6, 2011 7:22am Sep 6, 2011 7:22am
Quoting carolco
So I consider banks as biggest terrorists in the world...
Yep, couldn't agree more.
  • #85
  • Sep 6, 2011 7:24am Sep 6, 2011 7:24am
Quoting carolco
This is very similar to my system I use together with Carolco grid tool on 4H TF EU only.. i already have Aurora on my Demo..

I went back few minutes ago and saw that some Chf pairs made about 500-1000 pips within 5 minutes.. Ive never seen something like that before.. Uhh. Not earthquake or terrorists.. Intervention of (Switzeland) banks does huge movements... :-)

So I consider banks as biggest terrorists in the world...
Didn't even use a gun......

http://www.forexlive.com/blog/2011/0...1-20-per-euro/
  • #86
  • Sep 6, 2011 7:42am Sep 6, 2011 7:42am
The only solution to the trade retries thingy was a bath.

I realised I had the coding in the wrong place, and have moved it all to start() now. It seems to be working. Aurora should now only try to resend the trade after a fresh quote. MaxNoOfRetries defaults to 60.

I have removed the alert that warns when a trade-send has failed; better for all our sanity, I feel.

Update in post 1.

  • #87
  • Sep 6, 2011 8:14am Sep 6, 2011 8:14am
Ran her 24 hours (well, turned off a few hours during US session)


pips won+85
pips lss= 56
pips prfit= 29

wins= 10
losses= 5


Asian session alone:

pips won= 19
pips lss= 23
pips prft= (-4)

wins=3
lss=3

looking good.

Thanks
  • #88
  • Sep 6, 2011 8:24am Sep 6, 2011 8:24am
Quoting Beshakey
Ran her 24 hours (well, turned off a few hours during US session)


pips won+85
pips lss= 56
pips prfit= 29

wins= 10
losses= 5


Asian session alone:

pips won= 19
pips lss= 23
pips prft= (-4)

wins=3
lss=3

looking good.

Thanks
Thanks Beshakey, Would you mind sharing your settings?
  • #89
  • Sep 6, 2011 8:32am Sep 6, 2011 8:32am
Quoting SteveHopwood
I just googled RefreshRates() and strategy tester; it seems that RefreshRates() does not work within a while (some conditional) cycle.

It could be that the code will work properly in forward demo testing, so the attached tests this. We shall have to see if it works - it is the one I am testing now.

nice find! i didn't know that . but seems like you should use it as described on:
http://book.mql4.com/variables/predefined

thanks again, will test aurora later this week
  • #90
  • Sep 6, 2011 8:47am Sep 6, 2011 8:47am
Quoting winalot
Thanks Beshakey, Would you mind sharing your settings?

Welcome


Just default, letting it run as is. except have turned automate direction to "true". I don't even know what that does. (Ill have to look back through the thread to see if Steve explains this)

Also had 9 pending cancels. Haven't looked yet to see is whether any of these would have been wins or losses.

Losses will probably come most often when the signal LL or HH candle hits S&R and bounces. Might be advantageous to "drive" the EA by turning off when obvious S&R is hit. The PWR won't (nor should it) change color to allow the bot to trade retracements, unless its a big one.

PWR seems to be a pretty good indy.

I am also going to attach to the AU and see what happens. Spread 3

Shake
  • #91
  • Sep 6, 2011 9:03am Sep 6, 2011 9:03am
Quoting Beshakey
Welcome


Just default, letting it run as is. except have turned automate direction to "true". I don't even know what that does. (Ill have to look back through the thread to see if Steve explains this)

Also had 9 pending cancels. Haven't looked yet to see is whether any of these would have been wins or losses.

Losses will probably come most often when the signal LL or HH candle hits S&R and bounces. Might be advantageous to "drive" the EA by turning off when obvious S&R is hit. The PWR won't (nor should it) change color to allow...
Thanks for taking the time to explain Beshakey.
  • #92
  • Sep 6, 2011 9:13am Sep 6, 2011 9:13am
Quoting Beshakey
Welcome


Just default, letting it run as is. except have turned automate direction to "true". I don't even know what that does. (Ill have to look back through the thread to see if Steve explains this) . . .

Shake

DUH... found it nicely explained in post 1
  • #93
  • Sep 6, 2011 9:22am Sep 6, 2011 9:22am
Quoting Beshakey
DUH... found it nicely explained in post 1
Thanks anyway. I thought maybe you had changed some settings. I of couse have read every post of this thread which is quite short at this point. LOL

Good luck! This is great work by Steve as always.
  • #94
  • Sep 6, 2011 9:33am Sep 6, 2011 9:33am
Attached to EJ just for kicks. Spread tends to be greater than 3.

Note in pic, Pending buy stop has been set and is waiting to trigger. PWR is blue.

However, on the next bar, the PWR color has changed to short (red).

Should Aurora be changed to cancel the pending with that color change to avoid accidental open?

002... in your manual system, how do you handle this?

Shake
Attached Image (click to enlarge)
Click to Enlarge Name: pwr change.jpg Size: 113 KB
  • #95
  • Sep 6, 2011 9:41am Sep 6, 2011 9:41am
Quoting Beshakey
Attached to EJ just for kicks. Spread tends to be greater than 3.

Note in pic, Pending buy stop has been set and is waiting to trigger. PWR is blue.

However, on the next bar, the PWR color has changed to short (red).

Should Aurora be changed to cancel the pending with that color change to avoid accidental open?

002... in your manual system, how do you handle this?

Shake
Trading manually I would keep my order open, when open, a order should go until it hits sl or tp
  • #96
  • Sep 6, 2011 9:49am Sep 6, 2011 9:49am
In my never ending quest for a profitable EA to trade for me while I have to be at work, I will give this a try and help out as much as I can. Great work Steve as always.

0002... can I ask if you have tried this system on a 1 minute chart? Also, I see you have only been trading it a few months - could you give an honest estimate of your results thus far, either in pips or % gain?

Cheers
Cap
  • #97
  • Sep 6, 2011 9:50am Sep 6, 2011 9:50am
Today Aurora "broke" one rule of the original system.
At 14.05 Alpari UK platform time she opened a short order, it went to it's tp on the next candle, then she opened another order on the candle where last tp was hit.
In the original system I would wait for the next candle, but just because I tested the system like that, as I stated on the system thread, the profitability of this little detail is yet to be determined.
Attached Image (click to enlarge)
Click to Enlarge Name: 5min rules.gif Size: 13 KB
  • #98
  • Sep 6, 2011 9:52am Sep 6, 2011 9:52am
Quoting SteveHopwood
The only solution to the trade retries thingy was a bath.

I realised I had the coding in the wrong place, and have moved it all to start() now. It seems to be working. Aurora should now only try to resend the trade after a fresh quote. MaxNoOfRetries defaults to 60.

I have removed the alert that warns when a trade-send has failed; better for all our sanity, I feel.

Update in post 1.

Hi Steve,
That must have been an awfully good bath......Last update was outstanding.....

Have a great week

whip
  • #99
  • Sep 6, 2011 10:01am Sep 6, 2011 10:01am
Quoting The Captain
In my never ending quest for a profitable EA to trade for me while I have to be at work, I will give this a try and help out as much as I can. Great work Steve as always.

0002... can I ask if you have tried this system on a 1 minute chart? Also, I see you have only been trading it a few months - could you give an honest estimate of your results thus far, either in pips or % gain?

Cheers
Once the system is nulled out on the 5 minute TF, it might be interesting to see if it could be traded on the 15-30-or 60 TF using nannings V10 sytem and dashboard as a guide.

Once there is hard data and we have a few hundred trades under the belt, I bet this will be quite predictable.

Wouldn't work without a great system, 002... Thank you for sharing.

Reminds me of a scalping system I used my first couple years trading. It involved the williams AO and AC. Funny, I can't even remember how that worked now. I also got that one from a benevolent sharing trader.

Shake
  • #100
  • Sep 6, 2011 10:03am Sep 6, 2011 10:03am
Try to put a 200 EMA, applied to close on your chart and it seems that the "essence" of the PWR indicator is this EMA , below = red, above = blue...

Just fyi.

PC
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