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Hanover replies to PMs 1,424 replies

Trading profitably using Recent Strength 58 replies

Hanover - can you help me with MT4 qs please? 4 replies

Attachments: Hanover: an auto-trader using Recent Strength
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Hanover: an auto-trader using Recent Strength

Quoting Rascacio
I've made a small loss so far but with the MPTM settings it's clawing them back as I type, however if H placed sell and buy arrows on screen it would really help to get a more visual understanding of how some of these pairs move and maybe apply different MPTM settings depending on the pair.

Do you think this a possibility in the near future ?

Cheers.
No. H is chart-independent, so placing arrows would not help. I know of no way of placing arrows on charts other that the one hosting the EA.

Quoting SteveHopwood
No. H is chart-independent, so placing arrows would not help. I know of no way of placing arrows on charts other that the one hosting the EA.

Thanks Steve that's fair enough.
Quoting SteveHopwood
I know of no way of placing arrows on charts other that the one hosting the EA.
@Rascacio/Steve.

It can be done manually by checking the "history" tab (the one with the closed trades) Click and drag a closed trade to the graph screen and "release" it there. It is better to drag the closed pair to the same pairs graph, otherwise you can mess things up a bit because the active graph changes to the graph of the pair you dragged onto it.
Quoting JulesvH
@Rascacio/Steve.

It can be done manually by checking the "history" tab (the one with the closed trades) Click and drag a closed trade to the graph screen and "release" it there. It is better to drag the closed pair to the same pairs graph, otherwise you can mess things up a bit because the active graph changes to the graph of the pair you dragged onto it.
Top stuff Jules. I have each active chart open during the duration of the trade so quite simple to drag the closed trade over straight away.

Thank's a lot for that.
Attached is a working model.

 

  1. EA spots a cross of a slow moving average by a quick one. You choose your ma's using the inputs. Make sure these are the same as those you place on your screen.
  2. When the ea spots a cross it consults the Hanover filter:

    1. Cross long: buys if the first currency in the pair is strong and the second weak.
    2. Cross short: sells if the first currency in the pair is weak and the second strong.

  3. You can have the bot consult multiple timeframes. They all have to line up to trigger the trade.
  4. If your SlopeConfirmationCandles > 0, the bot consults the slope over multiple timeframes.
  5. StrongThreshold and WeakThreshold are like RSI/Stochastic overbought/sold levels. If these are > 0, the bot will only trade when the strong currency is >= StrongThresholdand the weak <= WeakThreshold.

This is the 'Hanover module' that can go into every bot we develop from now on, and added to existing ones. There is quite a combination of filters:

 

  1. time frames alone
  2. time frames + slope
  3. time frames + slope + thresholds
  4. time frames + thresholds

The quickest way to see this bot up-and-running is to put it on an M1 chart with period 1 and period 2 moving averages; this will generate a trade quite quickly - mine is an an EJ right now.

Remember this is not an attempt at developing a serious trading EA using the MA cross. It is the Hanover filter development that is important. Having said that, if we take Lawgirl's maxim of trade timeframes that have a ratio of 1:4 to 1:6 (for example, the M15 chart is our MA cross trigger and the H1 is the RS strength we are using as our Hanover filter) who knows? We all know that chop is the enemy of the MA cross, but maybe all we need is to trade the cross in the direction of the prevailing strength/weakness of the currencies that comprise the pair.

Remember also that you can run umpteen instances of umpteen bots using the Hanover filter (and there will be umpteen such bots in the future) on your platform. All you need is to have your OutputFile consistently set to the same name.

Ok guys. It is playtime.

Attached File(s)
File Type: mq4 Moving Average cross with Hanover auto trading robot by Steve Hopwood.mq4   47 KB | 525 downloads
Brilliant Stuff !!!
Let's have it a run on demo

Regards
Alex

Quoting SteveHopwood
Attached is a working model.
[list=1][*]EA spots a cross of a slow moving average by a quick one. You choose your ma's using the inputs. Make sure these are the same as those you place on your screen.[*]When the ea spots a cross it consults the Hanover filter:

  1. Cross long: buys if the first currency in the pair is strong and the second weak.
  2. Cross short: sells if the first currency in the pair is weak and the second strong.

[*]You can have the bot consult multiple timeframes. They all have to line up to trigger...

Quoting SteveHopwood
Attached is a working model.
[list=1][*]EA spots a cross of a slow moving average by a quick one. You choose your ma's using the inputs. Make sure these are the same as those you place on your screen.[*]When the ea spots a cross it consults the Hanover filter:

  1. Cross long: buys if the first currency in the pair is strong and the second weak.
  2. Cross short: sells if the first currency in the pair is weak and the second strong.

[*]You can have the bot consult multiple timeframes. They all have to line up to trigger the trade.[*]If...

Nice one Steve - thanks
As soon as I set up the MA demo on my always-on trading machine, I realised that we do need the indi running on a chart on the platform.

I had forgotten about the severely limited file capabilities of the Utter Crap MT4 platform.

It will read/write to files in one location only - the 'files' folder. EA's etc cannot access these files from a different platform.

Anybody got a utility that automatically copies files from one selected location to another, having detected that the file has changed?

I think to Robocopy.

I will have a look to the parameters of it to see if it can do the job.

Regards
Alex

Quoting SteveHopwood
As soon as I set up the MA demo on my always-on trading machine, I realised that we do need the indi running on a chart on the platform.

I had forgotten about the severely limited file capabilities of the Utter Crap MT4 platform.

It will read/write to files in one location only - the 'files' folder. EA's etc cannot access these files from a different platform.

Anybody got a utility that automatically copies files from one selected location to another, having detected that the file has changed?

Steve,

Robocopy webpage :
http://ss64.com/nt/robocopy.html

About the automation needed :

Repeated Copy Options
/MON:n : MONitor source; run again when more than n changes seen.
/MOT:m : MOnitor source; run again in m minutes Time, if changed.

Regards
Alex
Example :

ROBOCOPY C:\Program Files\MetaTrader - Alpari UK 1\experts\files C:\Program Files\MetaTrader - Alpari UK 2\experts\files [Output---Recent Strength.csv] /MON:1

Regards
Alex
Thanks Steve, wonderfull.

I've set it on demo with "Nanningbob MA settings"
The settings:
Fast: 2 Smoothed MA, Median Price, shift 2 (Daily TF)
Slow: 8 Smoothed MA, Median Price, shift 2 (Daily TF)
Hanover module on a weekly tf, with all the other H options left at 0 (for now)
  • Post #154
  • Quote
  • Edited 12:32pm Oct 26, 2011 10:15am | Edited 12:32pm
Quoting alex_forex
Example :

ROBOCOPY Crogram FilesMetaTrader - Alpari UK 1expertsfiles Crogram FilesMetaTrader - Alpari UK 2expertsfiles [Output---Recent Strength.csv] /MON:1

Regards
Alex
Fabulous Alex. Thanks.

Here is a request to any real programmers. Could one of you code a utility either that uses robocopy, or any other method for that matter, that allow us to:

 

  1. specify the location of the output file
  2. specify multiple locations to send copies of the output file when the utility detects a change

That way, we could run multiple platforms but only have David's indi running on one of them.

I have isolated the Hanover module code into a separate EA and attached it to post 1. Coders, feel free to pinch it and use it in your own work. We can add fixes to any bugs that surface as we go along.

I may not necessarily have coded this in the optimum way but it appears to work. If more professional coders can see ways of speeding up processes, cutting out redundant code, or improving anything else, please do us all a huge favour by making the edits and posting the module here.

I have Hanover the EA running on the M5 tf, mptm JS 25 (+5) and the MA Crossover on the M15 chart using the D1 tf for its strength values.

These timeframes amount to EA abuse. To my utter blank astonishment, they are both profitable at the mo.

Quoting SteveHopwood
Fabulous Alex. Thanks.

Here is a request to any real programmers. Could one of you code a utility either that uses robocopy, or any other method for that matter, that allow us to:

 

  1. specify the location of the output file
  2. specify multiple locations to send copies of the output file when the utility detects a change

That way, we could run multiple platforms but only have David's indi running on of them.

Steve,

Referring your above post, am sure you meant; David's indi running one of them.

I prefer to run RS on criminals with all possible 28 pair combos involving the major currencies (AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD). On post #59 see here David points out that the more currency pairs offered by the criminals, the more comprehensive the RS picture becomes. I have an attachment here which might describe this.

No doubt requested would be helpful.This utility will enable RS to run on criminals with all possible 28 pair combos & trades taken using preferred low spread criminals.

Benji
Don't tell me the sky is the limit when there are footprints on the moon.
Here are my results after 2 days of running H on H4 only with a 50 pip TP. 3 Winners. I have it set to 24 hour trading but it seems to find trades in the evening or early morning. I've set up a second demo using mptm Jumping Stop +35. I may add a TS. I want to see if this will gain more pips compared to the fixed 50 TP.

Sandy
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I have re-done post 1 folks.

Hey guys,

here are my trades since 2011-10-20.

Timeframes : M5 / H1 / D1. Without slope detection.

10 winners, one BE, 3 Losers. R:R = 1, Have set the MPTM to BE=25 / BEP=2

All trades are live trades on alpari.uk micro.

A really good start for this EA, thanks Steve & Hanover.
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Quoting nubchai
Here are my results after 2 days of running H on H4 only with a 50 pip TP. 3 Winners.
Sandy, what settings you use for the recent strength / hanover ea
Num points?
Base point?
Historical shift?
Smoothing SMA
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