Robinho EA

Reading "As simple as possible: 00 level trading" thread I was inspired with Robinho's rusults and made EA based on his simple rules. The main idea of Robinho's trading is using Currency Strenght (Buy/Sell Ratio) and Bid Ratio. Robinho used ForexSupremeMeter indicator. I implemented the same calculations in EA. If i'm not mistaken one of his profitable setups was: 1x8, 2x8, 1x7, 2x7, 7x2, 7x1, 8x2, 8x1 (it is absolute currency strenght) which corresponds to 5.0 and higher BSR (Buy/Sell Ratio). Who is not familiar with this please refer to the thread As simple as possible: 00 level trading. The rules differed a bit from time to time, so i took the basics.

Robinho's master class:
http://www.forexfactory.com/showthre...65#post8589965
http://www.forexfactory.com/showthre...22#post8595522

Basic EA characteristics:

1. It is multicurrency EA and may be attached to any one chart.
2. You need to have all 28 currency pairs opened in Market Watch window. You do not need to open all 28 charts, EA is updating all the history realtime by itself.
3. v1.0 do not need any indicator, all calculations are made inside EA. From v1.1 and older EA needs WUKAR_News and FFCal_WUKAR indicators (attached) which must be placed in \MQL4\Indicators folder. It may be useful to attach ForexSupremeMeter for visualisation while trading and watching.
4. EA can work in Tick by Tick mode or by Closed Bars. It is timeframe independent in Tick by Tick mode.
5. EA has time session and pause after trade (minutes) filters. Trading Time is to be adjusted to your broker time so that TimeStart=LO (London Open) and TimeStop is from LO+1 till NY as you like.
6. The value of BR (Bid Ratio) and BSR (Buy/Sell Ratio) is printed in expert journal after placing deals.
7. EA cann't be back-tested in MT4 strategy tester due to metaquotes restrictions.

EA is free for testing and using for everybody on your own risk.

The results of one trading day is on the screenshot below. It is on full auto with default settings. I hope the author of idea Robinho will attend this thread and leave his useful comments.

I have received plenty of useful ideas from FF users. Most of them are included in ToDo list on the bottom of this post and will be realised asap. I'm not going to develop GUI and turn this EA in the DashBoard, it is mostly oriented on full auto trading mode.

RobinhoEA v1.0

RobinhoEA v1.1 (added MaxSpread and MaxSlippage filters, News filter, changed time function and added minutes). From this version and older need WUKAR_News and FFCal_WUKAR indicators (in RobinhoIndicators.zip below) which must be placed in \MQL4\Indicators folder.


RobinhoEA v1.2 (explanations are in post#49)

RobinhoEA v1.3 (explanations are in post#74)

RobinhoEA v1.42 (explanations are in post#108)

RobinhoEA v2.2d (Latest version) uploaded in post#195
(Full EA v2.2d archive with templates, EA, indicators, screenshots and manual)

P.S. Pardon me for my awful English, it isn't my native language.
==================================================================

ToDo List: (all the features, filters and functions will be switchable). List is rated by importance imho.

1. Implement MaxSpread filter. (JibalaPasan) +++ done in v1.1 +++
2. Implement MaxSlippage filter. (Marco) +++ done in v1.1 +++
3. Make volatility auto adjustable SL/TP based on ATR. Fixed SL/TP will be also avalable. (JibalaPasan) +++ done in v1.2 +++
4. Add minutes to TimeTrading. To wait the first M5 bar close after LO, make more flexible Time filter. +++ done in v1.1 +++
5. Implement SwitchOff trading function on ADR reach. (Udine&Marco) +++ done in v1.2 +++
6. Implement News Filter. (Udine) +++ done in v1.1 +++
7. Trade prohibited after monster bar. (LuXing) +++ done in v1.2 +++
8. ECN/STP execution mode. +++ done in v1.2 +++
9. Implement 000/00 Udine levels filter. (Udine&Marco&Robinho) +++ done in v1.3 +++
10. Implement Pivot levels filter. (JibalaPasan&LuXing) +++ done in v1.3 +++
11. Implement SnR levels filter. (JibalaPasan&LuXing) +++ done in v1.3 +++
12. Implement Fibo levels filter. (JibalaPasan&LuXing) +++ done in v1.3 +++
13. Implement DO, WO, MNO (DailyOpen, WeeklyOpen, MonthlyOpen) levels filter. (the bourne) +++ done in v1.3 +++
14. Double trade prohibited on each H1 bar. (LuXing) +++ done in v1.4 +++
15. Pause after first 3-5 minutes each H4 bar starting from Sydney. (LuXing) +++ done in v1.4 +++
16. Add multisession trade option. (the bourne) +++ done in v1.4 +++
17. Add prefix/suffix currency pairs auto recognition. +++ done in v1.4 +++
18. The only 1 trade x pair x session filter. (the bourne) +++ done in v1.43 +++ Uploaded in post#120
19. To separate absolute currency force based on LuXing advice and excel spreadsheet. +++ done in v2.2d +++ (LuXing)
20. Make available to switch off specific currency pairs from trading. +++ done in v2.2d +++
21. Separate currency pairs acording to time sessions. +++ done in v2.2d +++ (Robinho)
22. Add MariaLuiza Master/Slave rule. (the bourne).
23. Add (AUD&NZD together strong/weak Tokyo, EUR&GBP together strong/weak London) rule. (Robinho)
24. Add MM (Money Managanent) options and functions. (PipCruiser)

===================================================================

FAQ

Q: How does PauseAfterDeal function work?
A: PauseAfterDeal is a minimum pause in minutes in each currency pair after the time when last deal is closed and another new may be opened. For example if the last EURUSD deal was closed on 12.37 and PauseAfterDeal is set to 30 (minutes) another one EURUSD new deal can be opened not earlier than 13.07 (=12.37 + 30 minutes). The same for every currency pair. PauseAfterDeal is set to 60 by default to meet Udine's rules.

Q: Do I need to place EA on all 28 charts or only at one 30 min chart is sufficient?
A: EA is to be attached to only one chart of any (even non-tradable) currency pair as it is multicurrency EA. It is TF independent in Tick by Tick (basic) mode or will be executed one time when new bar is opened in BarClose mode. IMHO it will be better to chose M1 TF if you chose BarClose mode.

Please repost larger images - they are too small to decipher.

Congratulation on new thread what settings did you use as I dont get anywhere near those results?


Many thanks

Thank you Robinho (Carneiro) for inspiring me. You have done and doing a great and useful work.

1. There is no need of VPS, EA may work on your home PC, it is CPU and memory humble.
2. Unfortunately i dont know the best TP/SL relation, you know it better and it is to find it out while testing.

About TF: EA can operate in two modes

1. Tick by Tick mode. I think it is the base mode and i pleced it as default. In this mode EA makes calculations and controls the market each tick. So the market order may by placed at any time. In this mode EA is TF independent and may be attached to any chart with any TF.
2. Close Bar mode. In this mode EA do nothing except sleepeng between the candle open and close. It makes calculations and controls the market only after the current bar is closed and the first tick on new bar came. In this mode TF is important. So if you switch on M1 EA will control the market every minute, if TF=M5 EA will control the market each 5 minutes and so on.

EA doesn't need any indicator, all calculations equal ForexSupremeMeter are made inside EA. You may attach your ForexSupremeMeter for visualisation purposes.

For now EA is very simple and it is much space for improvement it. Maybe some trailing/breakeven function like WUKAR Trail will be useful for loss trades preventing. Waiting for your sugestiongs.

I've updated with better quality.

Thank you for sharing the EA ....can you also share the mq4 source file for it? Thanks

Sorry but the first EA version doesn't recognise pairs with suffix/prefix, i'll implement it later on. Placed it on ToDo list.

Source code will not be shared to prevent illegal EA selling. It is free.

I dont know exactly the reason. I used just default settings. Broker datafeed is important, timing also. Today was not the best trading day. Maybe you do not have all 28 main currency pairs in your Market Watch window and some calculations are made with errors. You may compare with Robinho results
http://www.forexfactory.com/showthre...44#post8817244

Uh ... great to see your thread mate !

This is another attempt of automating the 00 lavel trading strat !

As I remember there have been attempts to do this - they failed ?

So I'm much curious about this EA !

I'll give it a shot.

Good luck with you're new project. The idea is good but of course there is always to space for improvement's.

Shure?
And what about Nasap?
http://www.forexfactory.com/showthre...65#post8197665

@savan62

Great ! So could you plz post here this EA nasap coded ? It's a pretty easy task: you can attach it here or post the link where we can find it quickly !

Congrats on the new thread and all the best in your endeavours !!!

I am a tad short on time at the mo, but here´s the first suggestion regarding BUY/SELL RATIO.
From what I understand, B/S ratio is the difference between the relative strengths of 2 currencies.
Take the Giraia ccy strength meter, AUD = 3.0, USD 7.0, BUY/SELL ratio would be 4, right .

Now, let me warp that BUY/SELL ratio into another algo and ask you the following.

"Static" BUY/SELL RATIO=4, which of the following 2 scenarios appeals more to you as a robot:

1. AUD 1, USD 5
2. AUD 3. USD 7

All the same for the bot, but I would def go for scenario number 1 where AUD is being sold off big style...

Now, if we were to take into account, measure and weigh the aspect of difference from the midpoint/mean of 4.5 things look quite different....
I have marked a number in red in the screenshot, this is from my point of view things start getting interesting.
Currency A and B relative strength values are depicted in row 2 resp. column A.

File with the calculations in attach.
Like Arnold Schwarzenegger said, "I´ll be back" (with more thoughts).

LuXing

Here is a news filter indicator we can use in the mean time until one is added into EA at some point.

Friend seven 62, I believe that leave a basic configuration is paramount.
I see that in some topics, are putting a lot of things in the EA, and no one makes the tests,,, I hope we do not need a lot of things,,, be putting,,, putting and do,,, tests for all They are giving opinions to put this or that
congratulations for the initiative

Hello all here

I really thanks sevan62 for this EA, I know a little Robinho and I can say he is very dedicated to Forex for long time, plus he is a very good friend helping each other here without any commercial interest. Hope this thread continues with his ideas and we improve together the EA if necessary.

Regards

Jose

I think this is a wrong triggered position. Am I right?
http://prntscr.com/agair2

DerBerliner, are you joking, mate?
I failed to find any indicator or EA from Nasap. Only amazing screenshots, useful comments and thoughs. If i'm not mistaken Nasap was coding in excel but not in native MQL4.

Thanks forexaz for visiting this thread and your proposal. But your news indicator is not free and need PassKey. Is realy better than free WUKAR NEWS indi?

Hi Jose, thank you for kind words and visiting this topic. I hope your words will come true.

First of all i must say that it is a big honor for this young thread to see here such great treaders as LuXing and Robinho.
Dear friend, this EA billet attached to the first post as RobinhoEA v1.0 doesn even include all your simple rules and need much improvements. Nevertheless it will not be removed and will be available for averybody.

Modification/improvements in EA will be done mostly as adding switchable options & functions so not to destroy your algorithm.
But it is silly to ignore JibalaPasan, LuXing and some other adviced. They will not worsen EA anyhow.
While online testing i see that some GBP cross deals fail to SL and it is mostly bacause of higher volatility and wider spread of GBP cross pairs. The price hits SL level and than move to TP. IMHO such pairs need more room for price movement. The way out is to exclude them from trading or to adjust (make bigger) SL&TP. Maybe make SL&TP relative from ATR.

Thanks LuXing for your generosity and great contribution. You are absolutely righ with Buy/Sell Ratio calculations, they are the same in ForexSupremeMeter and Giaria indi. I was thinkig about separating Buy and Sell power (basicaly they are already separate) but your excel table showed me the righ way. I catch you though, extreme values of currency strenght is much more important than the strenght difference. I've already seen it somewhere in JibalaPasan comments and now you refreshed and confirmed it. I'll apply your improvements in the next EA update.
You are always welcome as anybody, mate LuXing.

Using the default settings, why not trade

sevan62 thank you . i am testing on demo account , so far working so good, thank you so much