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Attachments: FX 1M Bounce system
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FX 1M Bounce system

  • #241
  • Edited 2:34am Jan 9, 2009 2:10am | Edited 2:34am
template for manual trading

and EA V104 revision 2, to allow u guys to see recent ADX for 5M and 1M.
Attached File(s)
File Type: tpl siobi_strategy.tpl   3 KB | 2,723 downloads
File Type: ex4 FX_1M_Bouncing_V104.ex4   20 KB | 2,280 downloads
  • #242
  • Jan 9, 2009 2:42am Jan 9, 2009 2:42am
Thanks Siobi:

I hope this was not rushed out on our account. Few comments...

I understand the rule about the mosquitos but the rule about 50pip stop loss...on a 1 min chart?? Questionable Money Management is right!

Anyhow, I think if we all continue to test this out we may be able to refine it such that the s/l does not have to be so far out. I would prefer to take less trades if at all possible...

Having said that, I have not yet managed to setup the system entirely in order to go through it thoroughly...

I will send my feedback..

Thanks,
Cashmmer
Deprive a man of everything and you give him nothing to lose.
  • #243
  • Jan 9, 2009 3:21am Jan 9, 2009 3:21am
Quoting cashmeer
Thanks Siobi:

I hope this was not rushed out on our account. Few comments...

I understand the rule about the mosquitos but the rule about 50pip stop loss...on a 1 min chart?? Questionable Money Management is right!

Anyhow, I think if we all continue to test this out we may be able to refine it such that the s/l does not have to be so far out. I would prefer to take less trades if at all possible...

Having said that, I have not yet managed to setup the system entirely in order to go through it thoroughly...

I will send my feedback..

Thanks,
Cashmmer...

SL=50 ? haha you may always trade based on your own preference.

just an advise, you may set the SL to 15 pip as usual is just like how you wanna trade on this system on the exit point.

For me, I rather use 15 pip as my SL and semi auto trading, entry by EA, exit manually, so I set 50 SL is to ensure if I lose my internet connection I do not lose that much...

offcourse if I'm losing on the breaking of the price, I'll stop immediately.. and it might be losing less than SL that I set previously.

after a long reply,
cut it short,

SL50 is to secure if you use EA trading.

Manual trade SL you may always feel and exit by your own. No comment on that.

If you were to ask me on how much I set for my SL? my advise is always 15~20 pip for scalping.
Close trade if not making money.

I'm now still testing on Fully EA trade. Next week will be my testing week again.....

Sorry for any inconvinient caused....


Regards,
Siobi
  • #244
  • Jan 9, 2009 4:03am Jan 9, 2009 4:03am
Quoting siobi
SL=50 ? haha you may always trade based on your own preference.

just an advise, you may set the SL to 15 pip as usual is just like how you wanna trade on this system on the exit point.

For me, I rather use 15 pip as my SL and semi auto trading, entry by EA, exit manually, so I set 50 SL is to ensure if I lose my internet connection I do not lose that much...

offcourse if I'm losing on the breaking of the price, I'll stop immediately.. and it might be losing less than SL that I set previously.

after a long reply,
cut it short,

SL50 is...
Hi Siobi

I don't get it
as it was yesterday, was it an ea that was supposed to close its positions itself?
what is the difference for the revised ea you gave today?
why the sl are 0 until we move to b/e and then the t/s appears?
what is the hidden sl if any?

thanks for those answers
  • #245
  • Edited 12:29pm Jan 9, 2009 9:03am | Edited 12:29pm
Ok, maybe someone more intelligent than myself can get the following take profit ea to work alongside v104 in order to have a hard automatic stoploss. For some reason, I tried inputting 0 for the magic # in the MTP ea and it wouldn't close out my manual trades. (0 should close all open trades whether manual or opened by v104 that are stopped out I think) I used 3 pip stoploss (maxloss) just to test, and once stop was reached and beyond, trades are still open for some reason. A good stoploss for v104 may be 15 as siobi suggests. Anyway...
Attached File(s)
File Type: zip MTP4FF.zip   362 KB | 512 downloads
  • #246
  • Jan 9, 2009 12:39pm Jan 9, 2009 12:39pm
The following may also be helpful to us:
Attached File(s)
File Type: zip Pipholic_SL_EA_Collection.zip   4 KB | 480 downloads
  • #247
  • Edited 1:00pm Jan 9, 2009 12:58pm | Edited 1:00pm
man...I am completely lost in terms of how to use an EA. I have never used one before. I need to read through the help files....

I just managed to get the charts up and running and I still do no know if it is right...it does not look like yours.

Perhaps Siobi, when he/she is less busy can post a chart to confirm the look.

Moreover, I remember a thread that siobi posted talking about letting the EA run through the day and it would automatically close at 23:00 hours.

I have no idea where to find a time function nor the function to modify the TSL or the S/L...

To top it off, my broker crashed their servers this afternoon and so I could not trade at all...

oh well....let's see what happens next week...
Attached Image (click to enlarge)
Click to Enlarge Name: siobi template.gif Size: 37 KB
Deprive a man of everything and you give him nothing to lose.
  • #248
  • Edited 6:15pm Jan 9, 2009 6:03pm | Edited 6:15pm
Hello,


Try this trade manager ea http://www.forexfactory.com/showpost...99&postcount=1
I think you will like it.


Regards,
Jeff



Quoting Dan Johnston
Ok, maybe someone more intelligent than myself can get the following take profit ea to work alongside v104 in order to have a hard automatic stoploss. For some reason, I tried inputting 0 for the magic # in the MTP ea and it wouldn't close out my manual trades. (0 should close all open trades whether manual or opened by v104 that are stopped out I think) I used 3 pip stoploss (maxloss) just to test, and once stop was reached and beyond, trades are still open for some reason. A good stoploss for v104 may be 15 as siobi suggests. Anyway...
  • #249
  • Jan 9, 2009 7:36pm Jan 9, 2009 7:36pm
Quoting Dan Johnston
Ok, maybe someone more intelligent than myself can get the following take profit ea to work alongside v104 in order to have a hard automatic stoploss. For some reason, I tried inputting 0 for the magic # in the MTP ea and it wouldn't close out my manual trades. (0 should close all open trades whether manual or opened by v104 that are stopped out I think) I used 3 pip stoploss (maxloss) just to test, and once stop was reached and beyond, trades are still open for some reason. A good stoploss for v104 may be 15 as siobi suggests. Anyway...

guys,
Pls redownload V104r2.
check the trade comment, it should show you magic number.
20081041 , 20081042, 20081043.

I'm using 3 magicnumber for 3 different trading type.

hope it helps for those EA user...
  • #250
  • Jan 9, 2009 7:50pm Jan 9, 2009 7:50pm
Quoting moshebaruh
Hi Siobi

I don't get it
as it was yesterday, was it an ea that was supposed to close its positions itself?
what is the difference for the revised ea you gave today?
why the sl are 0 until we move to b/e and then the t/s appears?
what is the hidden sl if any?

thanks for those answers
The EA will close the trade based on HourEnd that you set..

revision changes as below:
sl reset to 50 pip.
trading hour revision to 0~8 (ibfx platform) and allows changes ...
reset spread to 2 instead of 3
BE setting.
Attached Image (click to enlarge)
Click to Enlarge Name: setting.jpg Size: 32 KB
Attached File(s)
File Type: ex4 FX_1M_Bouncing_V104.ex4   20 KB | 423 downloads
  • #251
  • Jan 9, 2009 7:59pm Jan 9, 2009 7:59pm
Quoting cashmeer
man...I am completely lost in terms of how to use an EA. I have never used one before. I need to read through the help files....

I just managed to get the charts up and running and I still do no know if it is right...it does not look like yours.

Perhaps Siobi, when he/she is less busy can post a chart to confirm the look.

Moreover, I remember a thread that siobi posted talking about letting the EA run through the day and it would automatically close at 23:00 hours.

I have no idea where to find a time function nor the function to modify the...
hi there,
pls refer to post #250 for those setting.

as for your chart, it is correct but you still need to check your expert tab. See is there any indicator loading failed?
  • #252
  • Jan 10, 2009 1:28am Jan 10, 2009 1:28am
Quoting cashmeer
man...I am completely lost in terms of how to use an EA. I have never used one before. I need to read through the help files....

I just managed to get the charts up and running and I still do no know if it is right...it does not look like yours.

Perhaps Siobi, when he/she is less busy can post a chart to confirm the look.

Moreover, I remember a thread that siobi posted talking about letting the EA run through the day and it would automatically close at 23:00 hours.

I have no idea where to find a time function nor the function to modify the...
You are using ATC, aren't you?

The 5 decimals on the price can cause a problem for some ea's. Maybe Siobi can advise on that.

The ATC demo servers were down for hours Friday. What a pain in the ass!

I recently started testing out their MT4 platform to see how well it would work with Hotspot, which claims to be an ecn. If they can't get their act together any better than this on the live platform then I don't see much hope for them.

Are you trading live with them now? Any problems like this in the past?

Thanks, buddy.
  • #253
  • Jan 10, 2009 5:45am Jan 10, 2009 5:45am
Quoting PistolDave

Are you trading live with them now? Any problems like this in the past?

Thanks, buddy.
Sent you a PM
Deprive a man of everything and you give him nothing to lose.
  • #254
  • Jan 10, 2009 11:03am Jan 10, 2009 11:03am
Quoting siobi
guys.
final version (hopefully)

only EUR/USD.

turn it on for 24 hours...
it will auto close during end of the day daily.... (23:00)

EA V104 Final version. 181 pip from Jan 5 until today
Siobi:

I, as most people in here, are grateful that you're trying to put together something that could help us all make some money in FX, and you're not trying to sell it to us.

Having said that, I think you need to manage people's expectations...I refer to your quote above. I think the impression you gave was that this was something that could be left on all day and would open and close trades as per instructions.

Maybe, I don't know, but maybe that's not possible...and that is fine......I think this week ahead should be revealing in terms of what we might expect.

One more thing, someone mentioned to me that there may be an issue with brokers that use 5 digits...I thought that was almost standard these days.

Should I expect an issue, or will I need to modify the EA in order for it to work with a 5 digit system?

Again, Siobi, thanks for all your efforts!
Deprive a man of everything and you give him nothing to lose.
  • #255
  • Jan 11, 2009 12:15am Jan 11, 2009 12:15am
Quoting cashmeer
Siobi:

I, as most people in here, are grateful that you're trying to put together something that could help us all make some money in FX, and you're not trying to sell it to us.

Having said that, I think you need to manage people's expectations...I refer to your quote above. I think the impression you gave was that this was something that could be left on all day and would open and close trades as per instructions.

Maybe, I don't know, but maybe that's not possible...and that is fine......I think this week ahead should be revealing in terms...

Below is the screenshot of the template I see when I load the siobi_strategy.tpl on the first post of the thread.

I think it is possible to change the setting from 4 to 5 digits in the properties of the EA, by changing Num_Of_Digit from "false" to "true" but this has never been explained.

Many people have requested a way to be able to change the SL and TS on this EA. It would be useful to be able to change them, but without having the .mq4 file from which the .ex4 are compiled it will not be possible, since they are hard-coded in it.

Unless Siobi provides these, you will not be able to change those values.

He has not mentioned why he has not attached the original .mq4 files in this thread, but I would suppose it is because he either does not want anyone to modify them, or is concerned about someone selling a copy of them, which does happen with good EA's sometimes.

Maybe he could answer these questions if he would like to. I'm sure they will be asked over and over here in the future if this proves to be a profitable EA over time.

Here is the template I have:
Attached Image (click to enlarge)
Click to Enlarge Name: fx 1m bounce screenshot.gif Size: 22 KB
  • #256
  • Edited 11:33am Jan 11, 2009 11:22am | Edited 11:33am
Quoting azjeff
Hello,


Try this trade manager ea http://www.forexfactory.com/showpost...99&postcount=1
I think you will like it.


Regards,
Jeff

Wow Jeff, you were certainly right that I do like this "Cadillac"!

.........But.........

I only need a "Civic" to get to my local Walmart two miles away.

In other words, for the single purpose of closing any trade that is -15 pips, it may be overkill, and that would not concern me if it weren't for the fact that it may take up considerable resources, especially since it would run in addition to v104, and not act as quickly as a very simple close orders ea. There is no way to tell other than actually testing it and any other simpler close order ea with v104, so for this purpose I will reserve judgement as to how well it will perform in this specific task. It may very well be that if you just input that one parameter in the ea, there will be no delays or problems with even a plurality of open orders in drawdown and about to hit the hard stop - such was the case the other day on my IBFX demo acc.

On the other hand, for manual trading it's just the ticket from a preliminary quick read of the link you provided.

Thanks very much Jeff!
  • #257
  • Jan 11, 2009 12:37pm Jan 11, 2009 12:37pm
Hi fellows,

I don't know if anyone has done any backtesting on this EA using the strategy tester on the MT4 platform to see if it is profitable. I don't see anything about it on the thread.

From my backtesting -- as it stands right now -- the drawdowns outweigh the gains and it is unprofitable over any longer period of time. That is, when you let the EA run without interruption using the present settings.

These 50 pips stops are what will get you. As some people have said before here; you can use the EA for entry then you may need to manage your trades from that point on manually. In that case, what would you suggest as a rule for your exits if you are not going to go with what is programmed in the EA? Just use "gut feeling" or what?

It definitely needs to be optimized for the best TP and SL settings. Someone needs to do that first and maybe it will prove to be profitable, maybe not.

Until then you are just using guesswork and the best results from your forward testing will be meaningless unless you have an exact set of rules and parameters you can go by in order to duplicate your results over time.

Good luck with it,
PistolDave
  • #258
  • Jan 11, 2009 1:02pm Jan 11, 2009 1:02pm
I manually stopped 3 trades for a total of 53 pip profit on the 9th.
Had there been a 15 pip stoploss instead of the 50, on automatic, I believe v104 would have given me 31 pips profit. Very respectable indeed for one night!

The trade below that I closed at -$160 would have stopped out at -50 pips. Ouch!!!

From only one night testing, plus the aforementioned backtest, there needs to be an adjustable stoploss at the very least. (Perhaps 15 -20 pip hard stop.) The rest looks quite promising indeed!!
Attached Image (click to enlarge)
Click to Enlarge Name: fx1mbounce1 11 09b.gif Size: 63 KB
  • #259
  • Jan 11, 2009 1:20pm Jan 11, 2009 1:20pm
I had mentioend to Siobi about the 50 pip S/L and he mentioned that it was set that way so that in the event that your internet connection is interuppted you lose a maximum of 50pips. In the THV system , I also use a 50pip stop loss to gaurd against spikes in the system but use a mental S/L, ususally at a point where it may break a trendline that I am following or some other level of S and R that has been broken. It rarely exceeds 20pips.

Siobi also mentioned 20 pips.

I undertsand what Dave is saying about not knowing where to put in a s/l or TP. If it is purely based on risk tolerance, then 15-20 pip S/L is clear, but what about the TP.

I am trying to get this to work with the Vhands simulator but have not had luck yet. I cannot get it to enter a trade. Perhaps it is becuase of the 5 digit broker. I think once I can get working in the simulator the best way to exit may become evident.
Deprive a man of everything and you give him nothing to lose.
  • #260
  • Jan 11, 2009 1:23pm Jan 11, 2009 1:23pm
Quoting Dan Johnston
I manually stopped 3 trades for a total of 53 pip profit on the 9th.

On what are you basing your exit in profit? Hitting a level of S/R? Change in the color of the candles, something about StochRSI? How are you managing your T/P?
Deprive a man of everything and you give him nothing to lose.
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