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Robinho EA

sevan62 -

I am attaching a picture of four EURGBP trades today.
- The first is a sell. But it is only 4 pips away from daily open, and it is also only 1 pip away from DP
- The second is a buy. It is only 2 pips away from DR1
- The third is a sell. It is exacty on the Weekly Pivot line and 4 pips away from BRN
- The fourth is a sell. It is only 1 pip away from Weekly Pivot line and 5 pips away from BRN.

My settings is the default 10 pips away from theese pivots/s&r. Did I misunderstand this filter settings?
Attached Image


Here is the chart:

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM30.png Size: 41 KB
Dear LFN,
i don't see any contradiction in your trades with EA filters settings and 00 level trading rules.

Quoting LFN
sevan62 - I am attaching a picture of four EURGBP trades today. - The first is a sell. But it is only 4 pips away from daily open, and it is also only 1 pip away from DP
You are right mate but all your above mentioned levels are above order open price and do not prevent for pushing price down.

Quoting LFN
The second is a buy. It is only 2 pips away from DR1 - The third is a sell. It is exacty on the Weekly Pivot line and 4 pips away from BRN - The fourth is a sell. It is only 1 pip away from Weekly Pivot line and 5 pips away from BRN. My settings is the default 10 pips away from theese pivots/s&r. Did I misunderstand this filter settings? {image} Here is the chart: {image}
The same with your second buy trade. DR1 is below order open price and cant be treated as resistance. The price has broken it and it became a support.

The same with the third and fourth trades. Unfortunately the third became a loser but it do not break the system rule which is:

There must be no significant levels (BRN, SnR, DO, Fibo, Pivot ...) between order open price and TP (trade target).

Please reffer to original 00 level trading rules:
Attached Image (click to enlarge)
Click to Enlarge Name: Выделение_020.png Size: 65 KB


Othewise if we prohibit EA from opening any positions upper and lower every significant level there would be no space for entering at all. The distance between fibo levels on your chart is only about 10 pips.
BR, alex
Quoting sevan62
Dear LFN, i don't see any contradiction in your trades with EA filters settings and 00 level trading rules. {quote} You are right mate but all your above mentioned levels are above order open price and do not prevent for pushing price down. {quote} The same with your second buy trade. DR1 is below order open price and cant be treated as resistance. The price has broken it and it became a support. The same with the third and fourth trades. Unfortunately the third became a loser but it do not break the system rule which is: There must be no significant...
Thanks for your clarification. I thought that the 10 pips in the settings was a "no trading zone" around those levels.

Do you have plans for pending orders at nearest 000/050 levels in the EA?
Quoting LFN
{quote} Thanks for your clarification. I thought that the 10 pips in the settings was a "no trading zone" around those levels.
Thanks buddy, your question helped me to think about it deeper now. Maybe you are right and if we look at the first your trade for example we can see that the price was above and 1-3 pips below DO and DP (Daily Pivot). And when the short signal triggered the price was also attracted by these levels and imho it was a luck that it moved to TP. It is clearly seen if we close the righ side or the chart from the first trade in order not to see what happened later on.
On another hand as i've written before there would be no space for placing orders at all if we make upper and lower 10 pips prohibited zone from each significant level. It is a real confusing question.
BR, alex
Quoting LFN
{quote} Do you have plans for pending orders at nearest 000/050 levels in the EA?
Not yet. The matter is we'd reduce the number of opportunities to open position. Robinho do not pay attention to this levels. LuXing answered that these levels are not significant.
BR, alex
Quoting sevan62
{quote} Thanks buddy, your question helped me to think about it deeper now. Maybe you are right and if we look at the first your trade for example we can see that the price was above and 1-3 pips below DO and DP (Daily Pivot). And when the short signal triggered the price was also attracted by these levels and imho it was a luck that it moved to TP. It is clearly seen if we close the righ side or the chart from the first trade in order not to see what happened later on. On another hand as i've written before there would be no space for placing orders...

This is from HPs dashboard V3Q:
Attached Image


Those inputs could be useful to have.
Quoting LFN
{quote} This is from HPs dashboard V3Q: {image} Those inputs could be useful to have.
You are right mate.
Now let's calculate: 8+6=14 pips (from+to) Support/Resistance.
There is 10 pips between fibo levels on your chart. Where is the room for placing orders?

Maybe V3Q DB has no other levels: BRN, Fibo levels, Pivot levels, SnR (S1/S2/S3/R1/R2/R3), DO/WO/MNO ... and there is much more free space there.
BR, alex
Quoting sevan62
{quote} You are right mate. Now let's calculate: 8+6=14 pips (from+to) Support/Resistance. There is 10 pips between fibo levels on your chart. Where is the room for placing orders? Maybe V3Q DB has no other levels: BRN, Fibo levels, Pivot levels, SnR (S1/S2/S3/R1/R2/R3), DO/WO/MNO ... and there is much more free space there.
Correct, no fibo levels, no BRN in V3Q.
I think you can remove WO and MNO lines. I think we only need Daily Open.
Quoting LFN
{quote} Correct, no fibo levels, no BRN in V3Q. I think you can remove WO and MNO lines. I think we only need Daily Open.
I'm not sure WO & MNO are less significant than other levels. And there only two among the rest 25 levels. What is more WO & MNO are usualy far away from the price and do not prohibit EA to enter the trade.
BR, alex
Anyone did green pips on London open today? Not me.

Charts on two of the losses the first London hour.

USDJPY - Buy trade on DR1 line
EURNZD - Sell trade to stoploss, last closed M30 bar was green. Jibala and several others is using last M30 bar as a filter and only take trades in the direction of that. Just an idea

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY loss.png Size: 41 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD lastbar.png Size: 52 KB
Quoting LFN
Anyone did green pips on London open today? Not me. Charts on two of the losses the first London hour. USDJPY - Buy trade on DR1 line EURNZD - Sell trade to stoploss, last closed M30 bar was green. Jibala and several others is using last M30 bar as a filter and only take trades in the direction of that. Just an idea {image} {image}
Studying your charts i noticed that you are trading with wrong RR (Risk/Reward=SL/TP) ratio.
00 level trading method recommends SL=10 pips & TP=5 pips
Mr. Robinho uses SL=20 pips & TP=5 pips.
Looking at your USDJPY trade we may expect your SL=17 pips and TP=35(!!!) pips. I may be wrong about 1-2 pips but your RR ratio is vise versa. I have never seen such big targets in scalping. And NZD crosses are too risky for scalp trading because of the biggest spread.

Quoting LFN
... last closed M30 bar was green. Jibala and several others is using last M30 bar as a filter and only take trades in the direction of that. Just an idea {image} {image}
You are right friend, we may apply a lot of additional filters/functions/options but my initial purpose was to stick with Mr. Robinho's ORIGINAL strategy, to build EA on its basis and test the strategy and EA.

And now i'd be more than happy if at least one of the traders show me TE (Trade Explorer), or MyFxbook link or account investor password with consistenly profitable trading according to similar scalping rules. With at least 3 months trading time and at least 100 deals closed. I'd implement all his ideas in this EA or create new one.
BR, alex
Quoting sevan62
{quote} Studying your charts i noticed that you are trading with wrong RR (Risk/Reward=SL/TP) ratio. 00 level trading method recommends SL=10 pips & TP=5 pips Mr. Robinho uses SL=20 pips & TP=5 pips. Looking at your USDJPY trade we may expect your SL=17 pips and TP=35(!!!) pips. I may be wrong about 1-2 pips but your RR ratio is vise versa. I have never seen such big targets in scalping. And NZD crosses are too risky for scalp trading because of the biggest spread. {quote} You are right friend, we may apply a lot of additional filters/functions/options...
.
My TP is 8 and SL is 17 on demo tests. Using an external trademanager with hidden TP.
Quoting LFN
{quote} . My TP is 8 and SL is 17 on demo tests. Using an external trademanager with hidden TP.
Maybe i missunderstood something.
My calculations. USDJPY Buy open price=103.60,
SL=103.42 TP=103.95
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY loss.png Size: 35 KB
BR, alex
Quoting LFN
{quote} . Using an external trademanager with hidden TP.
Do you mean that your trade manager is closing position earlier than it hit TP or SL?
What is the reason to use such trade manager on demo account?
BR, alex
Quoting sevan62
{quote} Do you mean that your trade manager is closing position earlier than it hit TP or SL? What is the reason to use such trade manager on demo account?
Yes it is closing earlier. I have several tests going. One of them with trailing stop. Others with different fixed SL/TP.
Sevan62 - if I only want to trade London session, how do I setup the Tokyo and NY sessions as no trading in the EA?
Quoting LFN
Sevan62 - if I only want to trade London session, how do I setup the Tokyo and NY sessions as no trading in the EA?
LFN, i see here two options:

  1. Leave it 1 minute so for example TimeStart=16.15 and TimeStop=16.16, EA will not trade in this minute with 99.5% probability, but it is the fastest way,
  2. Exclude ALL 28 curency pairs for NY and Tokyo sessions. This would work with 100% probability. But you have to set twice all 28 currency pairs without error.

BR, alex
Quoting sevan62
{quote} LFN, i see here two options: Leave it 1 minute so for example TimeStart=16.15 and TimeStop=16.16, EA will not trade in this minute with 99.5% probability, but it is the fastest way, Exclude ALL 28 curency pairs for NY and Tokyo sessions. This would work with 100% probability. But you have to set twice all 28 currency pairs without error.
Thanks
Quoting LFN
{quote} Thanks
You are welcome mate.
BR, alex
I found " Order sent error " this is abnormal message ?
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