The trend always ends.
Kang Gun Relative Strength trading - the EA's
- #383
- Mar 28, 2009 1:06am Mar 28, 2009 1:06am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Say, what happened to everyone? Helloooooooooooooo! Anybody home?
Nobody has suggested any more improvements, so the robots are finished. People are either using them or not, so I don't suppose there is much left to say.
I am live-trading the DC and Range methods. DC has mixed success and will probably get removed if the AshFX method lives up to its early promise.
Range trading keeps the pips ticking; there is the occasional loser, but these are few and far between.
- #384
- Mar 28, 2009 5:37pm Mar 28, 2009 5:37pm
- | Commercial User | Joined Jan 2009 | 1,815 Posts
Ehup there.
Nobody has suggested any more improvements, so the robots are finished. People are either using them or not, so I don't suppose there is much left to say.
I am live-trading the DC and Range methods. DC has mixed success and will probably get removed if the AshFX method lives up to its early promise.
Range trading keeps the pips ticking; there is the occasional loser, but these are few and far between.
As you might know I've moved over to VSA in conjunction with my own systems. The EA you produced was excellent and worked great I just liked the RT aspect of VSA.
What is the AshFX method?
I also had some ideas for a better way (realtime) to determine weakness and strength in Currencies based on price and vol.
If you are interested pm me and maybe we can work out a better solution for basket trading.
The trend always ends.
Ehup there.
Nobody has suggested any more improvements, so the robots are finished. People are either using them or not, so I don't suppose there is much left to say.
I am live-trading the DC and Range methods. DC has mixed success and will probably get removed if the AshFX method lives up to its early promise.
Range trading keeps the pips ticking; there is the occasional loser, but these are few and far between.
I had been using the DC with not particularly good luck. I am going back to the latest version of the Range Trading EA. What is the version you use? I think I have your preset on file. Also, just to get this right. I have IBFX and I am 1 hour behind NY, in Chicago area. If your Monday start time is set for 3, then since you are in the UK wouldn't that mean 3 a.m.? I have a brain cramp right now. Could you help me with this. I believe that if I set for the same time wouldn't it be 22? Thanks for your help.
Misterpipster
- #386
- Mar 28, 2009 11:52pm Mar 28, 2009 11:52pm
Ehup there.
Nobody has suggested any more improvements, so the robots are finished. People are either using them or not, so I don't suppose there is much left to say.
I am live-trading the DC and Range methods. DC has mixed success and will probably get removed if the AshFX method lives up to its early promise.
Range trading keeps the pips ticking; there is the occasional loser, but these are few and far between.
- #387
- Mar 30, 2009 7:03pm Mar 30, 2009 7:03pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Hey guys, somehow my thread subscription got removed so I missed the latest posts - only spotted them when I wandered over in case I was missing something.
DC added a cool 5% to the live account between market opening (Sunday night gmt) and my getting up this morning. If only this could happen every night....................
misterpipster, your problem would have my brain bubbling as well. Times used by the robot are your computer's local time, so set times according to these without worrying about broker time, est etc. I hope this works; don't see why it should not.
dracozny, mm is still a bit of a mystery to me. As the mysteries unravel, so the solutions get added to my EA's. Intelligent lot sizing will happen, eventually.
DC added a cool 5% to the live account between market opening (Sunday night gmt) and my getting up this morning. If only this could happen every night....................
misterpipster, your problem would have my brain bubbling as well. Times used by the robot are your computer's local time, so set times according to these without worrying about broker time, est etc. I hope this works; don't see why it should not.
dracozny, mm is still a bit of a mystery to me. As the mysteries unravel, so the solutions get added to my EA's. Intelligent lot sizing will happen, eventually.
- #388
- Apr 2, 2009 3:46am Apr 2, 2009 3:46am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Update on live progress: this is a copy of an email I sent to some buddies a few minutes ago:
Live trading the DC, Range and AshFX robots has made just shy of 10% so far this week. One GBP range basket was over -1000 pips but gradually recovered and closed in profit last night. No AUD or EUR baskets, but the others have all contributed.
DC started brilliantly; mptm closed a 'basket' of them at +5% on Monday. By this morning, there were a few in good profit but a eurnzd buy was at over -300. I could see this trade heading down the pan yesterday, so I removed the stop loss and set a hedging sellstop order. The original plan was to allow mtpm to manage the hedge and decide what to do once one of the pair stopped out. The hedge stopped out at +110 (JS at 100 plus BEP of 10) and the buy had risen considerably.
Other DC trades were so successful that the ups was at +250 or so, so I closed the whole position and banked the profits rather than wait to see what happened. I am learning. Slowly.
The history tab includes 8 AshFx trades; 2 winners, 4 losers and 2 closed at BE before I realised there was a problem with the close-before-news code - that is how I discovered the problem in the first place. Overall, a loss of 9 pips but 3 of the trades were still open when I closed the entire position a few minutes ago, so the contribution this robot might make is impossible to gauge right now.
I am finding this; DC has good times and bad times and both tend to be extremes. Range baskets chip in most days with some steady profits with the robot set to close a basket at +100.
Live trading the DC, Range and AshFX robots has made just shy of 10% so far this week. One GBP range basket was over -1000 pips but gradually recovered and closed in profit last night. No AUD or EUR baskets, but the others have all contributed.
DC started brilliantly; mptm closed a 'basket' of them at +5% on Monday. By this morning, there were a few in good profit but a eurnzd buy was at over -300. I could see this trade heading down the pan yesterday, so I removed the stop loss and set a hedging sellstop order. The original plan was to allow mtpm to manage the hedge and decide what to do once one of the pair stopped out. The hedge stopped out at +110 (JS at 100 plus BEP of 10) and the buy had risen considerably.
Other DC trades were so successful that the ups was at +250 or so, so I closed the whole position and banked the profits rather than wait to see what happened. I am learning. Slowly.
The history tab includes 8 AshFx trades; 2 winners, 4 losers and 2 closed at BE before I realised there was a problem with the close-before-news code - that is how I discovered the problem in the first place. Overall, a loss of 9 pips but 3 of the trades were still open when I closed the entire position a few minutes ago, so the contribution this robot might make is impossible to gauge right now.
I am finding this; DC has good times and bad times and both tend to be extremes. Range baskets chip in most days with some steady profits with the robot set to close a basket at +100.
- #391
- Apr 9, 2009 5:17pm Apr 9, 2009 5:17pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
G'day all, Im back.. I'll get down to business in the next day or two.
Ciao
Not much has happened since you went away.
I have come to the conclusion that the DC method works/fails to work in about equal proportions.
The Range trading robot continues to bring in the pips. Losing baskets are unpleasant, but they are few and far between.
Whilst you were away, I learned to use FFCal to offer a news filter in a different thread. At some stage, I shall add this to the robots here, so they do not take out basket/DC trades just before a major news release.
- #393
- Apr 9, 2009 5:41pm Apr 9, 2009 5:41pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Hi everyone, I recently started using the EA using the range method. I understand that losing baskets can happen, and once in a while, there can be quite a DD. But I also read that using a stop loss with this method is not a good idea. So how are you dealing with losing baskets?
- #395
- Apr 10, 2009 3:05am Apr 10, 2009 3:05am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Thanks Steve.
I guess it must be the StrengthInProfit and StrengthinLoss Closes. I went through the documents once but missed that or forgot about it.
Guys, I am not being snotty or superior when I refuse to answer questions the answers to which can be found by anyone prepared to look. I do this for two reasons:
- These robots are not for dummies. Yes, you can fire-them-and-forget, but I defy most people to simply leave a robot to do its thing when they do not understand the system it is trading. They will panic at the dd, and will shut the robots down the first time they notch up a string of losers.
- I don't see why I should; the documentation is available to anyone prepared to take the time and trouble to read it. Ok, so this is being snotty, but I spent hundreds of hours writing these robots. Other contributors spent hundreds of hours developing the systems the robots trade. I will not hand information on a plate, to people too lazy to do the reading.
Ok, so actually I am being snotty and superior, but I promise it is in a good cause. Contributors and robot-users here who do know the systems understand why; newbies will come to understand when they learn the trading systems.
Have fun. The systems are great and the robots trade them faithfully.
- #396
- Apr 10, 2009 8:23am Apr 10, 2009 8:23am
- | Joined Nov 2006 | Status: Trader | 1,143 Posts
Hey Steve, nice work on the EA's 
I've been using your Range EA with success. Maybe I'm having a brain fart but I think something is wrong, the EA opened a Strong (Buy) basket of EUR then a USD basket then another Strong EUR basket later on and your EA comments show a Strong and a Weak EUR basket ??
Thought that was kind of weird, also thought the EA wouldn't open another strong basket if there was already a strong open with the same basket set. Did this happen for you also?
I've been using your Range EA with success. Maybe I'm having a brain fart but I think something is wrong, the EA opened a Strong (Buy) basket of EUR then a USD basket then another Strong EUR basket later on and your EA comments show a Strong and a Weak EUR basket ?? Thought that was kind of weird, also thought the EA wouldn't open another strong basket if there was already a strong open with the same basket set. Did this happen for you also?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
- #397
- Apr 10, 2009 9:50am Apr 10, 2009 9:50am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Here is a copy of a post I made in a private forum. Contributors here might be interested.
Members might be interested in the attached pic - you will probably have to zoom in to read the text easily.
It is my history analysis ea looking back over the period from 20th Feb, when I funded the live account (IBFX mini) with what turned out to be $141.15 after a sterling transfer. It is fascinating to see which robots/pairs have done well. The balance is now $160, and would have been considerably more but for some of what the pic highlights.
DC was a disaster on the 4H, but came close to breakeven on the D1. If it is not going to be successful after nearly two months, then it is hard to see it becoming so.
AshFX has done extremely well, although the 'winners' total is a bit of a con. I trade 0.02 lots, close 0.01 at +100, set a be +10 and let the remainder run with a 10 jumping stop. Eventually the trade stops out following a retrace. Sometimes I close a trade manually when I can see it has hit one of the fib target levels. Sometimes, several trades hit a combined profit target of 5% of account balance and all the trades close.
The most consistent winner has been the KG Range robot. No AUD trigger as the spread tends to be too wide. The CHF trigger is a slightly skewed result; it was the only Strong basket so far to have reached the point at which the robot would start looking for a Weak basket whilst the upl was over my 'stop loss' of $-5; it was something like $-8 at the time, so it will take this trigger a while to recover.
My lot size is 0.01 TP is $1
The DD from all this has rarely been uncomfortable. The worst it ever went was 22% when some DC trades were going spectacularly wrong. That apart, it has rarely gone over 10%.
Once the balance gets to $200 I shall double the Range lot sizes to 0.02 and the tp to $2. I shall bump the Ash lots up to 0.03, closing 0.02 at +100.
Members might be interested in the attached pic - you will probably have to zoom in to read the text easily.
It is my history analysis ea looking back over the period from 20th Feb, when I funded the live account (IBFX mini) with what turned out to be $141.15 after a sterling transfer. It is fascinating to see which robots/pairs have done well. The balance is now $160, and would have been considerably more but for some of what the pic highlights.
DC was a disaster on the 4H, but came close to breakeven on the D1. If it is not going to be successful after nearly two months, then it is hard to see it becoming so.
AshFX has done extremely well, although the 'winners' total is a bit of a con. I trade 0.02 lots, close 0.01 at +100, set a be +10 and let the remainder run with a 10 jumping stop. Eventually the trade stops out following a retrace. Sometimes I close a trade manually when I can see it has hit one of the fib target levels. Sometimes, several trades hit a combined profit target of 5% of account balance and all the trades close.
The most consistent winner has been the KG Range robot. No AUD trigger as the spread tends to be too wide. The CHF trigger is a slightly skewed result; it was the only Strong basket so far to have reached the point at which the robot would start looking for a Weak basket whilst the upl was over my 'stop loss' of $-5; it was something like $-8 at the time, so it will take this trigger a while to recover.
My lot size is 0.01 TP is $1
The DD from all this has rarely been uncomfortable. The worst it ever went was 22% when some DC trades were going spectacularly wrong. That apart, it has rarely gone over 10%.
Once the balance gets to $200 I shall double the Range lot sizes to 0.02 and the tp to $2. I shall bump the Ash lots up to 0.03, closing 0.02 at +100.
- #398
- Apr 10, 2009 10:04am Apr 10, 2009 10:04am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Hey Steve, nice work on the EA's
Thought that was kind of weird, also thought the EA wouldn't open another strong basket if there was already a strong open with the same basket set. Did this happen for you also?
For example, EU is crashing upwards but the trigger's Relative Strength has topped 90, so the bot starts to validate a Weak basket. Finally, all the conditions are met but the EU is still crashing upwards, so BasketReverseNotCancel kicks in and sens an EU buy rather than a sell.
EUR trigger weakens to the point where the bot starts validating a Strong basket but the Weak basket upl is still negative, so StrengthInProfit cannot kick in. Eventually, the Strong basket is validated and the Basket is set up. This time, EU is heading in the right direction, so a buy is part of the basket.
It is possible, therefore, to have a particular pair as a Buy in both a Strong and a Weak basket.
Doesn't happen often, thank goodness.
Simultaneous Strong and Weak baskets happen occasionally. I quite like them; one of the baskets is going to come good at some point.
Does this explain things?
- #399
- Apr 10, 2009 11:03am Apr 10, 2009 11:03am
- | Joined Nov 2006 | Status: Trader | 1,143 Posts
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
- #400
- Apr 10, 2009 11:09am Apr 10, 2009 11:09am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
OK, that is great but if the EA has decided to send the Strong basket instead, should your EUR comment section say another Strong basket open instead of still calling it Weak trades open? Or change the comment in a way to reflect what has happened?
Thanks