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Steve Hopwood's Boris Schlossberg-inspired trading robots

  • #81
  • Feb 4, 2010 6:03pm Feb 4, 2010 6:03pm
Quoting tazmaan
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!
I intend working my way through the lot. Something somewhere will end up being consistently profitable, surely?

Yep, dropped ECN support. It is a faff to code, I don't need it and do not see any reason to encourage others to take the risk presented by 2 stage order sending.

  • #82
  • Feb 4, 2010 6:24pm Feb 4, 2010 6:24pm
Hi Steve

Someone asked me which pairs I am using for your EA. I use the four majors USD, JPY, GBP and EUR with crosses CHF, CAD and AUD (did not fancy NZD although sometimes it gives good long trends). This is purely arbitrary and no logic or sound reasoning behind it!

I attached the statement for yesterday and today (trades opened 4th FEB are with the updated version), the results speak for themselves. As you can see I am running this one penny live account.

Although its early days, I think this system may have a future and it maybe the case that its one of those systems which, "either I am right or I am OUT" rule applies. Unfortunately, I neither have the experience nor the knowledge to comment further and any input from you and Scooby would be greatly appreciated.


Kind Regards
Attached File(s)
File Type: pdf 2sma macd 04FEB statement.pdf   70 KB | 479 downloads
  • #83
  • Feb 4, 2010 11:38pm Feb 4, 2010 11:38pm
Steve,
Sorry if I am falling behind on this already, but on the 2ma macd bot, is the tp hidden or is it not set by the ea?
It's supposed to be 2x the stoploss level, and I see it's setting the stoploss fine, but no tp is being set.
Just figured I'd ask about it. Maybe we are supposed to use the mptm separately and manually set it once we know the total SL on the trade?
Thanks for info
  • #84
  • Feb 5, 2010 4:34am Feb 5, 2010 4:34am
Quoting tazmaan
Steve,
Sorry if I am falling behind on this already, but on the 2ma macd bot, is the tp hidden or is it not set by the ea?
It's supposed to be 2x the stoploss level, and I see it's setting the stoploss fine, but no tp is being set.
Just figured I'd ask about it. Maybe we are supposed to use the mptm separately and manually set it once we know the total SL on the trade?
Thanks for info
There is no tp. Trades close when the market crosses the 50 sma in the 'wrong' direction, according to the strategy. How successful this is, is subject to debate. I am using the jumping stop facility but this might be the wrong approach.

  • #85
  • Feb 5, 2010 5:01am Feb 5, 2010 5:01am
Quoting SteveHopwood
There is no tp. Trades close when the market crosses the 50 sma in the 'wrong' direction, according to the strategy. How successful this is, is subject to debate. I am using the jumping stop facility but this might be the wrong approach.

HI Steve

The above is correct after the initial profit is taken and half of the trade is closed. The SL needs to be refined in order to avoid large losing trades. There were only 2 trades since my last post at around 03:00 GMT and both loss making. EURCHF 159 pip loss and GBPCHF 200 pip loss. These occurred after 200 pip long candle formations.

The jumping stop loss only deals with the question of SL after the trade has moved into profit; I do not know if it is practical to add an initial SL to the EA. This way such large negative trades can be avoided.

Furthermore, we were so engrossed with the issue of price candle closing we did not pay enough attention to MACD BAR formation. At present the EA acts according to MACD value only. In some cases during the same hour candle MACD may change back and forth between positive and negative a few times and trigger a trade (e.g. what happened with EURCHF and GBPCHF this morning).

When trading manually I used to go by the MACD BAR formation and not the value. I looked at the examples in the book and they seem to go by the same rule. BS states"
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"

I do not know if it is practical to do this or not. However, for the EA to have a future, the issue of initial stop loss is crucial.

Kind regards
  • #86
  • Feb 5, 2010 5:50am Feb 5, 2010 5:50am
Quoting astral77
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"
The robot is supposed to work like this, hence MACD direction reading either Long (crossed positive within the last five bars), Short (crossed negative within the last 5 bars) or None (been either positive or negative for > 5 bars).

Are you saying the robot is not behaving as intended? If so, the code needs cleaning up. I have a problem with loops in mql4, in that I often find it difficult to work out what the value will be on exit from a loop.

For example, for (int cc = 1; cc < 5; cc++) is the value of cc 5, in which case it has iterated 5 times which is correct for our purpose, or is it 4?

Anybody here able to clear this up?


  • #87
  • Feb 5, 2010 5:57am Feb 5, 2010 5:57am
I just answered my own question - I have a script called Experiments that I use for testing out bits of code. In the above example, the value of cc is 4 on exit from the loop.

This means the robot is checking macd on the current and previous 4 bars. Does this need amending?

  • #88
  • Feb 5, 2010 6:03am Feb 5, 2010 6:03am
Quoting SteveHopwood
The robot is supposed to work like this, hence MACD direction reading either Long (crossed positive within the last five bars), Short (crossed negative within the last 5 bars) or None (been either positive or negative for > 5 bars).

Are you saying the robot is not behaving as intended? If so, the code needs cleaning up. I have a problem with loops in mql4, in that I often find it difficult to work out what the value will be on exit from a loop.

For example, for (int cc = 1; cc < 5; cc++) is the value of cc 5, in which case it has iterated 5...
It does not behave that way. Unfortunately, I have not got a clue regarding coding, so it`s up to people who have. Please have a look at the attched image from 03:00 this morning, clearly the MACD with red candle (with huge high and low) was in negative but the EA entered a LONG buy trade.

Kind regards
P.S. After this I changed the sleep after trade to 120 min, becasue the trade was repeated 2 hours later.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF05 FEB.jpg Size: 98 KB
  • #89
  • Feb 5, 2010 6:46am Feb 5, 2010 6:46am
Cheers. I will look again at the code this weekend - that is an obvious bug.

  • #90
  • Feb 5, 2010 9:13am Feb 5, 2010 9:13am
Quoting SteveHopwood
Cheers. I will look again at the code this weekend - that is an obvious bug.

Thanks very much. Please ignore my comments regarding Stop Loss in previous posts. I do not know what is wrong with me, you have already put provisions for this (i.e. jumping stop loss + Add BEP).

kind regards
  • #91
  • Feb 5, 2010 11:02am Feb 5, 2010 11:02am
I would love to see the feature of the initial tp to close half the lot in the ea.
As the book says, half the position is taken off at 2x risk. Easy add for the amazing steve machine
I have been playing with it on the m15, just to watch the functioning of the ea (this tf sucks for this tho
The only other thing I noticed that might be a little different than author's intent is the break of the sma by 10 pips. The ea currently waits for bar close, but I don't think that is a requirement per the book? I've noticed where the break occurs but by the time bar closes entry price is very far down. Could be a huge disparity especially on h1/h4 between 10 pips below/above sma and bar close price. Thoughts?
  • #92
  • Feb 5, 2010 4:44pm Feb 5, 2010 4:44pm
Hi Steve/everyone, ventured out of my cave to play with this EA & agree with Astral77 that it has potential. Also agree that the delayed MACD entry is something to look at. eg If MACD has crossed within PRIOR 5 bars of price crossing closest MA, no problem & we are in after 10 pips of MA cross - it is where MACD crosses AFTER price has crossed MA that we can get late entries where price has already done its dash so to speak.

How to avoid these late MACD entries is the question ? Just thinking off top of my head, what about a hard pip count criteria - eg if price crossed MA & then MACD cross occurs when price has already gone x amount of pips beyond MA = no trade. However, I am aware Boris shows some examples where he waits for a later macd cross when price has crossed MA some time ago.

Maybe the answer is in avoiding trades where there are 1 or 2 particularly big bars at the macd cross. Any thoughts ?

Boris recommends avoiding range bound pairs (EUR/CHF ?) as we are trying to identify trends, make some pips on 1st TP & hopefully get some decent trend trades with a "free" second half trade. As has been mentioned the 1st half TP is 2 x risk & just from visually looking at past charts maybe 1st TP at 1 x risk would be a decent option to have/test.

I'll go back to my cave now.

ps GBP/USD weekly has a short signal !

pipsta1
  • #93
  • Feb 5, 2010 6:23pm Feb 5, 2010 6:23pm
Quoting astral77
It does not behave that way. Unfortunately, I have not got a clue regarding coding, so it`s up to people who have. Please have a look at the attched image from 03:00 this morning, clearly the MACD with red candle (with huge high and low) was in negative but the EA entered a LONG buy trade.

Kind regards
P.S. After this I changed the sleep after trade to 120 min, becasue the trade was repeated 2 hours later.
The circumstances in your pic look pretty exceptional. The second trade was taken in accordance with the system. As to the first trade, who knows? I sure don't.

The code appears pretty watertight, so far as I can see. The only explanation I can come up with for the 'wrong' trade is this:

 

  1. The market shot up beyond both sma's in a ridiculous spike.
  2. Briefly, the macd reading was above zero. The robot found the value was a cross, and so sent the trade.
  3. The macd reading returned to a more normal one, so the hist shows no evidence of the spike.

I don't know if macd can spike then return like this. You will just have to run the robot on demo for a while to see how it performs.

  • #94
  • Feb 5, 2010 7:31pm Feb 5, 2010 7:31pm
Quoting SteveHopwood
The circumstances in your pic look pretty exceptional...I don't know if macd can spike then return like this. You will just have to run the robot on demo for a while to see how it performs.

Sorry for all the hassle. The candle is pretty exceptional, a 200pip doji!!! If you can call it a doji.

I have no idea how EA coding works, but I guessed that by shooting up so much the SMAs and the MACD value went in positive territory and a LONG trade opened.

Since in manual trading this system showed a lot of promise I will run it with 20 pairs for couple of weeks to see what other flukes the market throws at the EA. After that period I will report back to you and if it is worthwhile I will give you my feedback. I hope others do the same. You can then decide if you should spend more time on it or not.

Have a great weekend, however, if you can`t get forex out of your head you may want to check this site for free resources (books, videos, etc) http://www.elliottwave.com/club/sign...343&articleid=
  • #95
  • Feb 8, 2010 3:02am Feb 8, 2010 3:02am
Steve,

I think that 5 min MoMo, has pretty good potential, if you've nothing else on your plate
  • #96
  • Feb 8, 2010 3:09am Feb 8, 2010 3:09am
Ok. Sometime soon.

  • #97
  • Feb 8, 2010 4:51am Feb 8, 2010 4:51am
G'day Steve,

Have you had a chance to look at BS' 10 pip scalping theory on his website?

It is the extension of BB trend where you put third level at std dev 3 and if Price hits above that std dev 3 line for the second time in 5M chart, the potential for retrace is quite substantial.

Please let me know if you need more info on that.

Cheers


Quoting SteveHopwood
Ok. Sometime soon.

  • #98
  • Feb 8, 2010 5:07am Feb 8, 2010 5:07am
Quoting puks
G'day Steve,

Have you had a chance to look at BS' 10 pip scalping theory on his website?

It is the extension of BB trend where you put third level at std dev 3 and if Price hits above that std dev 3 line for the second time in 5M chart, the potential for retrace is quite substantial.

Please let me know if you need more info on that.

Cheers
That looks like fun. I have the site bookmarked for a thorough investigation - lots of stuff to read and watch. I will look into this. Cheers.

  • #99
  • Feb 8, 2010 7:07am Feb 8, 2010 7:07am
There are some videos on the same on youtube as well.

and please let me know if you need any testing done on any of the EAs.

Cheers

PS : I have been a silent follower of your work and really appreciate the hard work you put in.


Quoting SteveHopwood
That looks like fun. I have the site bookmarked for a thorough investigation - lots of stuff to read and watch. I will look into this. Cheers.

  • #100
  • Feb 8, 2010 8:33am Feb 8, 2010 8:33am
Quoting puks
There are some videos on the same on youtube as well. and please let me know if you need any testing done on any of the EAs.

Cheers

PS : I have been a silent follower of your work and really appreciate the hard work you put in.
Hi PUKS

There are around 111 videos on the site and the system you mentioned is one of the recent ones and does look very promising.

I am currently running 12 pairs on the 2SMA MACD EA, however, I can not run anymore pairs since it consumes a lot of CPU memory. Can you perhaps run the xxxAUD and xxxNZD pairs if you have room.

kind regards
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