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Attachments: Steve Hopwood's Boris Schlossberg-inspired trading robots
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Steve Hopwood's Boris Schlossberg-inspired trading robots

  • #61
  • Feb 3, 2010 12:39pm Feb 3, 2010 12:39pm
This version has the sleep thingy and the 10 pips closure tolerance built in.

Re the break thingy, what to you understand by "breaks above by 10 pips"? 1) 10 pips above at some point during the new candle and assuming the previous one closed above, or 2) just plain 10 pips above?

The robot codes 1), but if this is wrong I can remove it in seconds.

  • #62
  • Feb 3, 2010 12:42pm Feb 3, 2010 12:42pm
Quoting astral77
I always thought of it being just plain 10 pips above (and it seemed to work OK that way). this is the exact text from the book:

"The main premise of the strategy is that we buy or sell only when the price crosses the moving averages in the direction of the trend.
Rules for a Long Trade
1) Wait for the currency to trade above both the 50 SMA and 100 SMA.
2) Once the price has broken above the closest SMA by 10 pips or more, enter long if MACD crosses to positive within the last five bars, otherwise wait for the next MACD signal.
3) Initial stop...
Great. If that is how you have been trading manually, I shall remove the extra coding layer.

  • #63
  • Feb 3, 2010 1:06pm Feb 3, 2010 1:06pm
The 'finished' combo robot is in the zip in post 1. It probably isn't finished yet - there n#may be a bug or two lurking in the background.

astral77, you are most familiar with the trading method, so please sing out if it does not appear to be trading completely in accordance with the system. I may have misunderstood tiny details.

  • #64
  • Feb 3, 2010 1:59pm Feb 3, 2010 1:59pm
I am not sure the robot was looking back enough bars when working out if macd is correct for trading, so I have extended this by 1 bar. Eagle-eyed people, please confirm or deny.

  • #65
  • Feb 3, 2010 2:49pm Feb 3, 2010 2:49pm
Quoting SteveHopwood
Great. If that is how you have been trading manually, I shall remove the extra coding layer.

Hi Steve

Thanks for the adjustments. This is correct I just looked at the example chart in Schlossberg`s book (figure3-4 page 39) to confirm. The early trades conformed with the less than 5 bars on MACD, for later ones I will have a look.

Will test and report back. MANY THANKS
  • #66
  • Feb 3, 2010 4:23pm Feb 3, 2010 4:23pm
I left the combo bot unable to send stop losses - basic coding error.

Fix in post 1.

  • #67
  • Feb 4, 2010 3:59am Feb 4, 2010 3:59am
Quoting SteveHopwood
I left the combo bot unable to send stop losses - basic coding error.

Fix in post 1.

Thanks Steve, so far so good, will let you know how its doing this weekend.

Just a few observations (no need to reply):
* This system is best suited for trending pairs.
* Less volatile pairs seem to do better.
* In choosing which pairs to trade you can use ADX indicator (read this useful article for using ADX http://www.investopedia.com/articles.../02/041002.asp) .
* putting the EA on too many charts consumes a lot of CPU memory and may freeze the system and or MT4.

kind regards
  • #68
  • Feb 4, 2010 4:24am Feb 4, 2010 4:24am
Hehe. Have you read BS's comments about ADX (P78, Technical Analysis.....)?

I have put the robot onto a demo trading the big 4 and will see how things pan out from that.

  • #69
  • Feb 4, 2010 5:21am Feb 4, 2010 5:21am
Quoting SteveHopwood
Hehe. Have you read BS's comments about ADX (P78, Technical Analysis.....)?

I have put the robot onto a demo trading the big 4 and will see how things pan out from that.

Yes I have, BS says its worthless and sometimes even sends wrong signals! He recommends Bollinger bands as a way of detecting the existance, direction and strength of the trend. I like Jacko`s trend detection method (in commercial section), he says any child can tell by looking at a chart if there is a trend and what direction. I leave people to their own devices to work this one out.

We let your creation do its work for a few days and see how things go. Now I have some free time thanks to your baby, I am going to check out the "PURE FADE" system. I idea of having 3 filters of RSI, Bollinger band and SMA appeals to me. Although BS says this is a low risk, low reward system.

Kind Regards
  • #70
  • Feb 4, 2010 5:28am Feb 4, 2010 5:28am
Quoting astral77
Yes I have, BS says its worthless and sometimes even sends wrong signals! He recommends Bollinger bands as a way of detecting the existance, direction and strength of the trend. I like Jacko`s trend detection method (in commercial section), he says any child can tell by looking at a chart if there is a trend and what direction. I leave people to their own devices to work this one out.

We let your creation do its work for a few days and see how things go. Now I have some free time thanks to your baby, I am going to check out the "PURE FADE"...
If you are going to use ADX then you may aswell just flip a coin.

  • #71
  • Feb 4, 2010 5:28am Feb 4, 2010 5:28am
Quoting astral77
Thanks Steve, so far so good, will let you know how its doing this weekend.

Just a few observations (no need to reply):
* This system is best suited for trending pairs.
* Less volatile pairs seem to do better.
* In choosing which pairs to trade you can use ADX indicator (read this useful article for using ADX http://www.investopedia.com/articles.../02/041002.asp) .
* putting the EA on too many charts consumes a lot of CPU memory and may freeze the system and or MT4.

kind regards
Did you get any trades so far, astral? I have the latest version of Steve running his morning but no trades so far...
Best regards!
  • #72
  • Feb 4, 2010 5:40am Feb 4, 2010 5:40am
Quoting Meister81
Did you get any trades so far, astral? I have the latest version of Steve running his morning but no trades so far...
Best regards!
They are few and far between. I originally put the robot onto every chart I could find. Trades kicked in with pairs I would never dream of trading - NZD pairs, for instance - wiped out 20% of the account overnight.

That is why I have gone back to just the four biggies. There will not be many trades - a trading trollop this system is not.

  • #73
  • Feb 4, 2010 5:47am Feb 4, 2010 5:47am
Quoting SteveHopwood
They are few and far between. I originally put the robot onto every chart I could find. Trades kicked in with pairs I would never dream of trading - NZD pairs, for instance - wiped out 20% of the account overnight.

That is why I have gone back to just the four biggies. There will not be many trades - a trading trollop this system is not.

Thank you for your reply. That means you use it on EURUSD, GBPUSD, USDCHF and USDJPY? On which TF? 1 h?
Best regards!
  • #74
  • Feb 4, 2010 5:56am Feb 4, 2010 5:56am
Quoting Meister81
Thank you for your reply. That means you use it on EURUSD, GBPUSD, USDCHF and USDJPY? On which TF? 1 h?
Best regards!
Yes.

  • #75
  • Feb 4, 2010 6:21am Feb 4, 2010 6:21am
I have it running on just 2 charts (im running out of computing power). Both of which made a single trade. 1 stopped out for a small profit, the other ran for 220 pips.

So I think the premise is good, the bot is good, it just requires patience.
  • #76
  • Feb 4, 2010 6:50am Feb 4, 2010 6:50am
How is the 5 min momo going, sundog?

  • #77
  • Edited 7:36am Feb 4, 2010 7:09am | Edited 7:36am
Quoting Meister81
Did you get any trades so far, astral? I have the latest version of Steve running his morning but no trades so far...
Best regards!
HI

With Updated version I had 3 trades
1H
00:30 Sell AUDJPY Made small loss
08:30 Sell CHFJPY Made small profit

4H
08:03 sell EURCHF at present 20 pips in profit.

This system needs fine tuning with regard to which pairs to trade and TP and SL tactics. Yesterday and when trading the manual system I used 15 to 20 pip TP for the first half and moved the rest to breakeven. In any event I do not think more than 30 pips should be risked on anyone trade.

For the 1H I am running 18 pairs and 12 pairs for the 4H. Have to reduce due to CPU useage. Schlossberg says that this system is best suited for trending pairs. I think you should avoid volatile, erratic and high spread pairs

Kind regards
P.S. You have seen the comments by Steve and Scooby regarding ADX, therefore, use other means of trend detection / strength.

P.P.S Please Read this article by schlossberg "Identifying Trending &Rang Bound Currencies: http://www.investopedia.com/articles.../05/062205.asp
  • #78
  • Feb 4, 2010 7:44am Feb 4, 2010 7:44am
Quoting SteveHopwood
How is the 5 min momo going, sundog?

It seems to be going "ok" by that I mean, just by eyeballing it, it looks likely that there is a good chance to be profitable.

I haven't been trading it manually, my free time I spend mointoring Live and Demo accounts

Cheers.
  • #79
  • Feb 4, 2010 7:59am Feb 4, 2010 7:59am
Wow, Steve, I am new to this forum, but can see you definitely help the fx community! Thanks a lot.
  • #80
  • Feb 4, 2010 5:51pm Feb 4, 2010 5:51pm
Heya Steve. Nice work you are doing here.
Curious whether you were going to attempt a bot for the 'scalping to trend' and 'macd turn' methods as well? Those look like they could be interesting.
Also, I think I remember you mention in one of your other threads, that you are no longer coding for ecn brokers, is that the case with these as well? (sending order modify for stop/target)

Thanks, keep up the good work!
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