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DYNAMIC Breakout Expert Advisor

  • #1
  • First Post: Edited 5:32pm Mar 19, 2007 2:46pm | Edited 5:32pm
Hi there, i believe you will find of interest an expert advisor called the FXigorDynBOsystem that can be found in this directory, i renamged the EA by adding the "DynBO" since there are three FXiGOR systems that seem to have discussions going at some point. The Expert was originaly posted by project1972 at this post after adding MM and Magic Number capability to the original. As noted below, the first two days of my use on this netted +112 and +146.

The EA is based on the FXiGoR DYNAMIC Breakout system on Daily Average Range by seasoned pro-trader iGOR who has some interesting outside-the-box trading ideas i've found refreshing over the last year.

The idea is to look at the last 1, 5, 10, and 20 days daily average range and to take trades in the direction of the breakout when they exceed half this DAR ( see this post for a nice summary ). Once price exceeds this level a market order is generated and a trailing stop of 50 DAR is in effect.

The original Manually traded system calls for letting the open trades run their course and closing out any orders profits-or-not about 17 or 18 Central European Time and suggests that long term testing should be taken as there will be times of drawdown.

What i'm experimenting with is the idea of opening/turning on the EA when London Opens and then coming back to the PC before US opens, reevaluating any open trades the EA initiated, checking the news here at FF Calendar and depending on the possible impact of any US news i may close out trades before the news hour. If there are no major news announcements i can let the EA run and close out the trades at a pre-set time such as London close.

I would be interested in feedback from others, as this certainly looks logical as it's based on Statistical Averages and not Moving Averages ; ) For any who wish to follow, i will upload on a daily basis my demo statement. Friday's trades closed out at +112 pips in an old demo account. I've created a new one today which closed out at the US open with 146 pips profit after spread, taking 6 trades (+83, +35, +28, +17, -8, -9).

What say ye?? Anyone care to join in, forward testing this idea and see if there are some EA manament ideas we can develop to bring in some consistent profits? (i'm thinking things like trend indicators to help determin when we turn on a particular currency's EA, etc...)

For future reference, i will update/upload any new versions of this Expert or relevant information in this directory.

Cheers,
Thom
  • #2
  • Mar 19, 2007 5:31pm Mar 19, 2007 5:31pm
Quoting accrete
Hi there, i believe you will find of interest an expert advisor called the FxIgorDynBOSystem, i renamged the EA by adding the "DynBO" since there are three FXiGOR systems that seem to have discussions going at some point. The Expert was originaly posted by project1972 at this post after adding MM and Magic Number capability to the original.

The EA is based on the FXiGoR DYNAMIC Breakout system on Daily Average Range by seasoned pro-trader iGOR who has some interesting outside-the-box trading ideas i've found refreshing over the last year.

The idea is to look at the last 1, 5, 10, and 20 days daily average range and to take trades in the direction of the breakout when they exceed half this DAR ( see this post for a nice summary ). Once price exceeds this level a market order is generated and a trailing stop of 50 DAR is in effect.

The original Manually traded system calls for letting the open trades run their course and closing out any orders profits-or-not about 17 or 18 Central European Time and suggests that long term testing should be taken as there will be times of drawdown.

What i'm experimenting with is the idea of opening/turning on the EA when London Opens and then coming back to the PC before US opens, reevaluating any open trades the EA initiated, checking the news here at FF Calendar and depending on the possible impact of any US news i may close out trades before the news hour. If there are no major news announcements i can let the EA run and close out the trades at a pre-set time such as London close.

I would be interested in feedback from others, as this certainly looks logical as it's based on Statistical Averages and not Moving Averages ; ) For any who wish to follow, i will upload on a daily basis my demo statement. Friday's trades closed out at +112 pips in an old demo account. I've created a new one today which closed out at the US open with 146 pips profit after spread, taking 6 trades (+83, +35, +28, +17, -8, -9).

What say ye?? Anyone care to join in, forward testing this idea and see if there are some EA manament ideas we can develop to bring in some consistent profits? (i'm thinking things like trend indicators to help determin when we turn on a particular currency's EA, etc...)

For future reference, i will update/upload any new versions of this Expert or relevant information in this directory.

Cheers,
Thom
I'd like to give it a try!
Where/how can I download this EA?
  • #3
  • Mar 19, 2007 5:39pm Mar 19, 2007 5:39pm
Hi Rick, it is in the folder i mentioned in the first post at this link. The ea is in that folder. I'll place any updated versions in that folder also, and they will be numericaly higher than the currenct 1-1 version.

Just place it in your expert folder and compile it, then place it on whatever currency you wish to demo-test it on... I'm currently testing the following:

Gbp/Usd, Gbp/Jpy, Eur/Usd, Eur/Jpy, Usd/Chf, Usd/Jpy

Then click the "Enable Experts" button on the tradestation when you want the EA to begin the math and look for entries. As stated i'm doing two tests, one turning the EA on at the Asian open, and another test at the London Open, then watching the trades on the L.O. version before the US open and closing those that are in profit and makes sense to do so.

Cheers,
Thom
  • #4
  • Mar 19, 2007 9:57pm Mar 19, 2007 9:57pm
Hi there, had a nice PM asking if there were some particular settings in use. Here is basicaly what i sent as a reply:

I have the lots set to 1 micro lot ( 0.01 ), because i'm more interested right now in pips gained in demo than dollars gained. MM (Money Management) i have defaulted to false, which means that the "lots" setting is what will be traded rather than a mathmatical percent of the account set by "risk". The other setting that might need to be changed is the "hourtoclose" setting. It is defaulted to iGOR's suggested GMT17 close, but as stated i'm watching the news calendar and might be closing out the trades that feel could be effected by any US open news release before that release. Though i have a duplicate mt4 running through the London Close also to compare.

One thing that seems to be evident early on is that engaging the EA in the Asian market can be hit or miss for profits, right now i've got 5 EA initiated trades open from -36 pips through +18 with a net of -14pips.

Ask away, though i'm only maybe two days of trading this ahead of anyone here, but i'm going to test it for some time before making a judgement.

Cheers,
Thom
  • #5
  • Mar 19, 2007 11:44pm Mar 19, 2007 11:44pm
Thom..

How about a trailing stop feature...


Glenn
  • #6
  • Mar 20, 2007 12:21am Mar 20, 2007 12:21am
just to let you know, the magic number is hardcoded so if you try it on several pairs or timeframes you're going to have problems.
  • #7
  • Mar 20, 2007 12:37am Mar 20, 2007 12:37am
Just had it running for a few hours..

So far::

Gbp/Usd....+13

Usd/Jpy....+2

Gbp/Jpy....+24.

Eur/Usd still in trade...

Glenn
  • #8
  • Mar 20, 2007 1:08am Mar 20, 2007 1:08am
Hi Glenn, here are my Asian-Open test trades at this posting:

these first four opened within a minute or so after i turned the EA on at 6pm Eastern tonight:

G/J +23
U/J +11
U/C +6
G/U +0
E/J -18

I will open the secont MT4 setup in an hour or so which equates to London Open, though with all the UK news a 1.5 hours into the London trade-day i don't know how things will fair.

If we have enough movement, you will see a given trade's trailing stop kick in and trail by 50% of the DAR. I have yet to see a stop/reverse take place. Basicaly what would take place from what i understand is the following:

Open price at 1.3000, DAR = 50 Price goes to 1.3050 and Long is entered. Price goes up to 1.3080 then reverses. Stopped out at 1.3030 due to reversing 50% of DAR. . . price travels down to 1.2980...each move south of this would be trailed by 50 pips (which in our example is also 50% of DAR)

Hope i've got that right, i read all the posts at the original site and have tried to digest it with my brain engaged.

: ) Thom
  • #9
  • Mar 20, 2007 1:12am Mar 20, 2007 1:12am
Quoting aicccia
just to let you know, the magic number is hardcoded so if you try it on several pairs or timeframes you're going to have problems.
Thanks aicccia, Can you explain why this would be a problem? I want the EA to close out all trades at the same time...so correlation w/the M.N. in this case is a good thing...correct? So far it is doing so flawlessly.

Also, since we are on the topic of the code, does someone know how to easily incorporate a "begin time" in the EA such as Firebird has? Then we could place it on the chart and have it open at 07:00GMT or whatever . . . since it already has the close time in the code.

: ) Thom
  • #10
  • Mar 20, 2007 1:17am Mar 20, 2007 1:17am
Quoting glenn5t
Thom..

How about a trailing stop feature...


Glenn
Hi Glenn, just saw this other post of yours...see my post prior to this. . . there is a trailing stop equal to 50% Daily Average Range. It also apparently acts as a stop/reverse. Though as explained i've not had a situation that initiated this feature.

Oh, now one other feature suggestion and maybe this is more to what you had in mind. While we do not want to cut our profits short, i also would not want to see a clear winner turn into a loser. I'm thinking that maybe at something like 25% DAR we move to BE+1 or something? then trail with the original 50% DAR?? I don't know, but my big loss i had in the Asian Open account was when i had a G/J go up well into profits +40ish?? and then turn and tank at -127 !!!! If i'd been trading this manually i would have gotten out at BE at the least. (That would have been my plan anyway).

: ) Thom
  • #11
  • Mar 20, 2007 1:53am Mar 20, 2007 1:53am
Thom.
Just some thought's on the time zone setup.

extern int EntryHour = 8; //Broker feed time
extern int EntryMin = 30;

extern bool DSTAutoAdjust = FALSE; //Automatically adjusts "EntryHour" according to DST

extern int Expire = 8; //If neither Buy Stop or Sell Stop order are hit after "Expire" delete both

I agree with your idea regarding the BE+1 and then adjust as the pair move away...
I think the 50% DAR is to far.......even 25% maybe to much, remember some night's we are just looking at a few pips movement.....

Something to think about..
  • #12
  • Mar 20, 2007 1:58am Mar 20, 2007 1:58am
Thom

horas=hourtoclose - Hour();

can we add open close here?
  • #13
  • Edited 3:34am Mar 20, 2007 2:24am | Edited 3:34am
Hey Glenn, please feel free to tweak the EA...we can just change the version number 1-2, 1-3 etc... Send it to me via PM or email and i'll post it at my domain for everyone to download who wishes to test it out with us.

I'll look at the code also in FB on Wed if you don't have something (or aicccia??) by then.

: ) Thom

PS as of 7:45GMT trades are as follows:

G/J +40
U/J +6
U/C +7
G/U +23
E/J -22

====first four trades closed out on Asian Open test at 8amGMT:

G/J +67
U/J +20
U/C +10
G/U +27
E/J -5 (still open)
  • #14
  • Mar 20, 2007 3:26pm Mar 20, 2007 3:26pm
EA forward testing statements uploaded...
The AsianOpen booked +89 pips net
The LondonOpen booked +20 pips net

What took place in the L.O. test is it got into a sell trade on the E/U and also the U/Chf...and we all know that was not right! But still, i didn't do a bloomin thing but turn it on and i banked 20pips. That's not entirely a bad thing!

Glad it caught most of that G/U run. It's entry was at 1.9502 Long (closed manualy at 9586)...and we know THAT WAS a VERY GOOD thing.

Something i learned, i closed out my trades manually at about 9:30ishEastern?? and the EA immedeately opened a buy on the E/U..had i let it run there would have been a few more positive pips in the L.O. version as price went up another 15pips or so. Also, for what ever half-crazed-half-asleep reason, i closed out the A.O. version's trades at 11:00 GMT hour...what was i thinking!?.

On closing out postitions. I'm going to turn the EA off first if i manually close postitions so it is not actively looking to enter new trades as it did on the E/U long.

My manual trading was oh so funny. I ended the day w/about +35 pips but what was funny is i'd set my audio chart alarms up expeciting a break on the GBP one way or another, clipped the ear but on my hooded sweatshirt's hood and took a quick nap at the trade station in the lounger...i must have moved cuz the ear bud unclipped itself and when things broke north i mised nearly all of it!!! Glad i can laugh at myself over such things.

Cheers,
Thom
  • #15
  • Mar 20, 2007 4:11pm Mar 20, 2007 4:11pm
Are you attaching the EA to 1 hour charts or a shorter time frame?
  • #16
  • Mar 21, 2007 4:04pm Mar 21, 2007 4:04pm
1 hour time frame is what i'm using, though the EA is looking at price levels so there is no internal factoring/code that is looking at any given time frame, moving averages, indicators or similar. The only math going on that i can see is calculating the Daily Average Range from the High/Low of the last 1day, 5days, 10days, and 20days which has nothing to do with indicators...that said if you like the TA on say a 4hr chart you could do your TA there and also have an idea of weather you would take the trade the EA initiated.

Last nite i was so engrossed in the news on the GBP i didn't open the EAs demo account. . . but tomorrow's another day.

Cheers,
Thom
  • #17
  • Mar 21, 2007 4:30pm Mar 21, 2007 4:30pm
Hello Accrete. I'm a bit miffed as you stole my thread!!

Heres the link to a thread I started a few days ago!

http://www.forexfactory.com/showthread.php?t=21317


However i'll let you off as it wasn't my idea to start with and you have created more interest than I managed to,

I think this sytem has great potential Igor was very clever in using it on EUR/USD , USD/CHF AND GBP/USD as during big moves they tend to move in unison so trebling up on any large wins yet balancing each other out to some extent on whippy days.

I'm not sure about compiling EA'S please could you post one thats ready to use in the little diamond format as i'm now familiar with using them and would like to test this method with you.

Regards Schoe.
  • #18
  • Mar 21, 2007 4:32pm Mar 21, 2007 4:32pm
Accrete always does that and moves it to his own site usually. I don't think he means any harm but I've noticed this trend for a while.

Quoting schoe
Hello Accrete. I'm a bit miffed as you stole my thread!!

Heres the link to a thread I started a few days ago!

http://www.forexfactory.com/showthread.php?t=21317


However i'll let you off as it wasn't my idea to start with and you have created more interest than I managed to,

I think this sytem has great potential Igor was very clever in using it on EUR/USD , USD/CHF AND GBP/USD as during big moves they tend to move in unison so trebling up on any large wins yet balancing each other out to some extent on whippy days.

I'm not sure about compiling EA'S please could you post one thats ready to use in the little diamond format as i'm now familiar with using them and would like to test this method with you.

Regards Schoe.
T
  • #19
  • Mar 21, 2007 8:48pm Mar 21, 2007 8:48pm
Hi Schoe and JokersWild thanks for you comments. Schoe, please realize that i had no idea a thread had been started already. I did a search for FXiGOR on this site, even looked up iGOR as a member and saw that he had no posts. I made several posts over at the original thread that he began and after several day's of no replies decided to see if there was interest here.

Your post mentioned a thread at yet a different site where iGOR also basicaly moved on to another system. That "moving on" in my opinion did not negate the possible use of this DynBO model, and this is my reason for seeing if there could be further development.

As for "mirroring" some of the files at my domain, i do this not to grab any fame or fortune, but rather for posterities sake on some models that may show promise and a way to assure their information is available if the original links dissapear. Systems such as the Mouteki thread, an admin there contacted me and had almost 200 megs of data/movies they needed a home for...so i happily gave them space to store the files. Try finding that much space on a server for free with no advertisement!!

Both my domains have absolutely zero advertising, and i always do my best to give credit to the original authors and webmasters in hope that visitors will visit the original sites. On a given day several hundred visitors (nothing compared to FF, but it serves a different complementary purpose) will search the pages for tidbits. And i share it all...all in hopes those visitors will leave with some useful knowlege to enrich their lives. No sales, No glory, just my drive to be of service to others in ways that seem appropriate to my learning style and personal interests.

IF EVER, there is an objection to housing data on my server, and the author contacts me i comply to their wishes as to sharing or not to publicly share the info as they request.

Please accept my public apology if i've offended you (or anyone for sharing in the ways i have). I hope you can join in here, or keep the other thread going. I have no ego in this, just saw the same "hope" in an indicator that you did and wanted to brainstrom. Had i known anyone had already began a thread i would have posted and contributed there and not began this one.

If there is an admin that knows how to combine the two threads please feel free do so and take all the info/posts in this thread and place them if appropriate into the thread began by Schoe.

Cheers,
Thom

...as a friend of mine says; "We're all in this together".
  • #20
  • Mar 21, 2007 8:58pm Mar 21, 2007 8:58pm
Hi Schoe, i uploaded the "compiled" version in this directory:
FXiGOR-DynBO/ea-files/. Just download the one that ends in .ex4 and drop it into the "experts" folder, restart MT4 and it should now show under "experts".

I'm attempting to incorporate a "openhour" line so it will turn on by itelf at a predetermined time. If someone wants to help that would be cool. I can then upload it to the site and we can can change the number as noted in a prior post.

: ) Thom
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