Robot Lab Project

Hi Abokwaik, I just binge-read this entire thread in two days. Love the bots you've built and will be sure to test them all and post any refinements I find.

It's your Ladder System that lead me to your thread. I came across the following video on another forum:


I've been using your ladder system to manually manage trades to replicate what's happening in the video, with some decent success.
I usually only trade London Session to avoid choppy markets.
I set it to only buy or only sell, based on the trend direction I can see on higher timeframes, so it doesn't open a oppostie trade when it hits SL.

I think this would be a great opportunity to complete the ladder system into a fully fledged EA and not just a management system.

Buy Rule: Previous Renko Bar must be Bullish, after a Bearish Bar.
Sell Rull Previous Renko Bar must be Bearish, After a Bullish Bar.

Either trade should exit by hitting stop loss when the renko bar changes direction.

This combined with a breakout filter, HTF trend filter or another filter to avoid choppy markets would make this a very successful EA I reckon.

Would love to hear your thoughts on this Abokwaik!
Thanks for the great read and all your effort on these bots. look forward to posting some forward testing results.

Hello, can you please share the .mq4 and .mq5 files// alongwith any success set files.

Hello abokwaik,

The EA whose details are provided looks like an advanced version of your Correlation Divergence Trading. It would be great and helpful if your can upgrade the Correlation Divergence Trading (Two Pairs) Third Version Corr_Diver_03 system to something better than New SH1.

EA Name: New SH1 (Smart Hedge System Latest version)
Attached pictures: Test Results received of SH1
Attached word file: SH1s older version data SH2 with website links.
Attached ex4 & ex5: SH2 Demo version

Details of the EA SH2 is given as:
Hedging is the safest strategy on the market!
Expert Advisor based on correlation and co-integration of currency pairs.
Strategy description:
The robot works with smart hedging, the safest strategy on the market. He is hedging (insuring) orders of two highly correlated currency pairs, so no matter in which direction the market moves, the drawdown will be minimal, and the profit will be guaranteed! The sh expert Advisor trades on a split of currency pairs. When correlated instruments deviate from their course, the expert Advisor bets on a return to the correct rate.
Correlation
Correlation (“correlation, correlation»), – statistical relationship of two or more random variables (or values that can be considered as such with some acceptable degree of accuracy). In this case, changes in the values of one value accompany a systematic change in the values of another value. The correlation coefficient is a mathematical measure of the correlation of two random variables.
Cointegration
Cointegration is a property of several non-stationary time series, which consists in the existence of a certain stationary linear combination of them. Co-integration is an important property of many economic variables, which means that despite the random (poorly predictable) nature of changes in individual economic variables, there is a long-term relationship between them, which leads to some joint, interrelated change.
More details are in the attached word file.

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Hello Abokwaik,
I have tested the Ladder-robot, but with disappointing results. Tested on GBPUSD.
Would it be possible perhaps to consider using the RSi for directional trading which I see on my chart is going to add to the winning percentages. It may go against your way of thinking, but I would like to hear your explanation if it is, please.
Continued success to you.
Hercs.

Hello @abokwalk. I appreciate you don’t frequent the Robot’s Lab that much anymore, but hoping you might be able to assist if you have the chance. You amended your cipher_00 EA to incorporate a request I made a while ago and produced the version I have attached below However, it is an .ex4 file and so can not be amended by anyone else, and I wanted to amend it so there is no stop loss and take profit. So, I tried the original version (attached in this post https://www.forexfactory.com/thread/...59#post8344959) which was is .mq4. However, there is an issue with the EA. It sometimes missed to open trades at some round numbers (i.e. there is gap. Say for example you set it at 50 pips on gbpusd. It might open a sell order at 1.35500, miss 1.35000 and open the next sell order at 1.34500). I wonder whether this is to do with the logic whereby it needs to come near certain levels before it opens trades and maybe when it’s passed those levels or caught on the boundary or something then it doesn’t open any trade. I don’t know whether same issue exist with the .ex4 you amended for me (attached) as I have not tried it without SL and TP. Anyway, could I please ask if you could amend the attached EA below (the one you last amended for me) to incorporate the option not to use stop loss and target profit. If you could provide it as an .mq4 file, that will be most appreciated as that way I could try to make any minor amendments if needed (within my very limited MQL knowledge) without having to disturb you all the time. Thank you.

Here's the mq4 file.

Many many thanks! Very much appreciated!

Hi @abokwaik. There appears to be a problem with the EA. Even though it states the grid input should be in points (so, I entered 1000 for a 100pips grid step), trades were opened 1000 pips apart. Screenshot of chart and my input settings attached.

Worked okay with this pair usdjpy, but for some reason not with usdchf as shown in my previous post!

Is it working on real account ? No expired date ?

Also done same thing with nzdusd (i.e. opening the two trades many 100 pips apart)!

Also, the logic needs to be checked and amended as the EA does not send any pending orders most times when price near the boundaries of the round numbers (the charts below no trades were opened when EA attached to the charts).

just one pending order (sell stop) opened for usdcad here!

I will be developing Open Source Trading Robots based on well known systems, systems of my own, and members' requests.

Hi Abokweik,
I dare to ask you to automate my forex system if possible. It has proven itself with good profitability and ease of operation. I have been working with her for years but it has already become difficult for me to stay in front of the charts for a long time. I have been dealing with forex since 2010. and with the system 5j later. It is a daily system and very rarely but I have to work on it in the evening and the next day. However, for my 62 years, 48 or 72 hours of work is a problem. Therefore, please, if possible, automate it.
I did not invent this system but collected it from the net as a puzzle. Based on Lindencourt Forex System and partly on Hector de Ville. The indicators are on LCFxS As the main input indicator was made by a friend of mine, who can no longer continue what he started. All of the above systems and names and the accompanying indicators are freely available on the net and very well explained. So whoever wants can get acquainted with them and will understand how my login indicator works.
And to the question - what is my system. This is a trend system whose input is determined by 4 trend EMAs and is filtered by 2 oscillators of M15 - Lindencourt. All this, as I said, is gathered in one indicator, which marks the place of the entrance with an arrow. I send all the necessary indicators for this purpose in source code. And I don't think I need to explain the input conditions because I think you will take the signal from the indicator. Yes, it is redrawn but extremely rarely and this is not very important because I have very good outcomes. And they are several depending on the movement and the state of the chart, ie. effective, which explains the mandatory traffic monitoring. In this system, decisions must be made after closing a candle on the M15 or at a cross at a price at a certain level. And as we are on the M15, this means at least one quick look every 15 minutes, because I make my decisions based on a fact - a done move and a closed candle and not on an assumption or hypothesis. My main motto is - I trade what I see and not what I want.
I don't know how to present things to you, so I plan to divide them into several sections while explaining why I think so:
1. General settings:
= magic number - 10012021
= working hours - the work of different currency pairs requires different working hours, which must have a start and end time and minutes.
= open time - 06
= open time minutes - 00
= close time - 12
= close time minutes - 30
= number of inputs - 1 - I work off one signal per day for the respective currency at a certain time for it and I say inputs because I mean one main input around which there can be several operations to the output
= time frame - 15 it works on M15 but it is good to have it for testing other graphics
= Incoming lot - 0.01 amount of money for trading. This size is also used for all operations up to the final output.
2. Entry settings
= Distance 1 - 15 - distance as the second condition for main / first input - maximum size of input distance after indicator signal - if the distance between EMA3 and EMA4 is greater than the specified one has no input - for example 15 pips.
After the first entry is made and the price goes in the opposite direction, support operations are added during its cross with EMA84 and EMA336 and then every 30 pips to the reverse cross of EMA84 with EMA336. These thirty pips for building a grid let's bet in a setting like
= Distance 2 - 30 - in this way we can adjust the construction of the grid in accordance with the volatility of different pairs.
= Hedge input - true - if true then make an input after the first / main input and after the price goes in the opposite direction. Enter after reversing the main movement of EMA7 x EMA21. The way out of the hedge is
- set Profit,
-price cross with EMA336 or
- next reverse cross of EMA7 x EMA21
- false - do not play hedge
3. Conditions for exit
=Take profit - 30 - amount of profit in pips. This number is also used for total output if we have more than one operation.
= Stoplos - 200 - size in pips. Here in my Stoplosa system there is a slightly greater distance than anywhere else, because its protective function is not related to management and its main task is to protect the account from any global and huge movement in the order of over 200 and more pips, depending on the movement of the specific currency. Also, it changes depending on our game and the direction of movement and the goal is not to be hit in the process of working towards the exit but only in unregulated events of world importance. This is a stop to protect the account and not the next operation.

If the price continues in the opposite direction and despite the network built on 30 pips we do not have an exit of any correction and EMA84 crosses back EMA336 then all orders are closed and a new one is opened with the new direction and size equal to the sum of lots of closed orders plus the initial incoming lot, and the profit is equal to the sum of the lost pips from the closed orders plus 30 and the obtained sum is divisible by the received lot for the new order. Example: we have 4 closed orders x 0.1lot = 0.4lot + 0.1 = 0.5lot. Our loss from the four orders is 82 pips + 30 pips for the new order = 112 pips / $ 5 / pip = 22.4 pips. This is our new profit where we will recover what we lost and add a profit of 30 pips. This is due to the fact that there is no point in endless support for losing positions, because the trend of M5 Ema7, M15 EMA21 and X1 Ema84 has changed and the price is far from EMA336 - the trend of X4. So far so good, but in spite of everything, an adjustment can follow, in which case we do supporting operations again under the same conditions, only with the new lot and the opposite direction and so on to a positive outcome.
It is

And an example of work as an image. The second picture clearly shows what is done after the senate passes over EMA336 and how the grid is built. And in the third picture I show how the trend is reversed, where to close losing orders, where the new trend order is opened and the exit from this group of operations.
That's it. Thanks in advance as I sincerely hope for your help. And if anyone is interested in further clarification, I am ready to help everyone and everything.
Good luck

It´s been a while since this thread was active. Anyways, thanks Khalil for the ideas and the coding.

I stole one of Khalil´s EAs (CLS LWR) and modified it to test some ideas. I am attaching it below, maybe someone finds it useful. The EA opens two trades, one in each direction, without any entry conditions. It allows to set the TP & SL, the trading hours (my humble addition to the code), and a trailing stop (you should set it very high to override it). It closes all losing trades upon the period of time defined in Cut Loss TF (as per the original code, see page 4) and opens a new pair of trades at the beginning of the next bar (the next bar of the timeframe defined in T1) only after the two prior trades have been closed.

The EA seems to be working fine.

Would be interesting to know whether any of the systems proposed in the thread had any legs.

All the best and thanks,

Thank you for this powerful EA. Can you make the same one for MT5 please.