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Steve Hopwood's Boris Schlossberg-inspired trading robots

  • #281
  • Feb 27, 2010 6:39am Feb 27, 2010 6:39am
Quoting SteveHopwood
I have added the code to make the 2 ma macd combo bot check for trading opportunities at the start of each new candle only - post 1 as usual.

Do you guys want the same thing in the momo bot?

Good Morning Steve,
As the Java beans slowly kick into action.....The 3 things we have talked about are wait for the bar to close before initiating a trade.And maybe a rest feature.Be able to use pending orders would also be good.
Doing this one piece at a time may be a good thing, since both bots(2sma macd combo and 5 min momo) pretty much need the same things to get their entries in check.

whip
  • #282
  • Feb 27, 2010 7:14am Feb 27, 2010 7:14am
I am in the mood for a bit of coding, so I will add the new-candle thingy to the momo bot, and a pending trade feature to both.

  • #283
  • Feb 27, 2010 7:18am Feb 27, 2010 7:18am
Quoting SteveHopwood
I am in the mood for a bit of coding, so I will add the new-candle thingy to the momo bot, and a pending trade feature to both.

Thanks much Steve, That's excellent
  • #284
  • Feb 27, 2010 8:43am Feb 27, 2010 8:43am
5mm and 2mamacd bots with pending order functions are in post 1.

If you play with backtesting at weekends, remember to turn off the news filter.

  • #285
  • Feb 27, 2010 8:44am Feb 27, 2010 8:44am
Thanks a lot Steve.
  • #286
  • Feb 27, 2010 8:48am Feb 27, 2010 8:48am
Great Stuff Steve, I'm loading them up.....

whip
  • #287
  • Edited Feb 28, 2010 4:31am Feb 27, 2010 11:23am | Edited Feb 28, 2010 4:31am
Hi to Steve and all you other geniuses. This is my first post here and I just wanted to say I found Steves BS ea's 2 weeks ago and have been trying them out. I'm really impressed with all the input from you guys. I'm no coder and only an amateur trader trying to get there, and until now had little faith in robots usually because you don't know what the strategy they are using is until you buy, which I haven't so far, or free ones that don't seem to follow the strategy, but I can say for the last week I have traded the 5minMomo on EurUsd, GbpUsd and GbpEur with some success on a demo account. Due to work commitments for the last week I just let it run 24/7 (minus about 8hrs one day when the laptop wasn't plugged in)

There were a total of 69 trades made by the 5min Momo, of which 9 were losers. Taking the loss from the profit left a net profit of £28.05 using 0.02 lots.

I can't post a statement cos there were other bots running i.e. BS bb trend exhaustion, which didn't trade at all even with signals according to the charts and using the templates, so don't know what the story is there yet, also the 2sma macd was running for part of the week and shows some promise, so will keep it going for the near while.

Anyway I will not be able to monitor my charts during the normal hours for the next 2 weeks so will just let them run and see what the score is.

Sorry for the long post but I just wanted to let you all know that there are people who are trying your work out and I for one am extremely impressed and grateful and will post my results for the coming week next weekend. I hope you find some encouragement from my comments.

I will be following your posts with much interest.

Sods law found the answer I think half an hour after posting. Sorry !!

All the best
  • #288
  • Feb 27, 2010 4:03pm Feb 27, 2010 4:03pm
Quoting astral77
Hi Guys

Here is the statement for MOMO this week as I explained before it was loaded with 17 pairs, S/L Conservative. The first couple of days were OK but it got slaughtered during Thursday and Friday. A remedy has to be found with regard to the large losing trades. There are more winning than losing trades but the disparity in pips makes all the difference.
Kind Regards
Here is a little analyzing of your data. Unlike coding or trading, data analyzing is something I have more experience at. Please let me know if you would like to see other information compared, such as time/date of trade.
Attached File(s)
File Type: xls momostatement1week26feb (DT).xls   220 KB | 232 downloads
  • #289
  • Feb 27, 2010 8:26pm Feb 27, 2010 8:26pm
Quoting dawvee
Here is a little analyzing of your data. Unlike coding or trading, data analyzing is something I have more experience at. Please let me know if you would like to see other information compared, such as time/date of trade.
Hi

Dawvee`s spread sheet does help. However, I think he has overlooked one major factor. i.e. Due to the trading system any trade which goes into +ve territory is split in half. Therefore, all trades start life as 0.02 lot if it is a loser ends as 0.02 loss trade. If it is a wiiner then at apredefined point half is closed in profit and the other half`s S/L is moved to breakeven.

In any analysis all 0.01 which have the same entry time should be taken as half trade. Some have been split and the other half has closed at S/L of entry hence 0 or I hope this makes sense.

Thanks very much DAWVEE, your work does help but please take the above point into consideration. Furthermore, breakdown by time would be also useful (helps to know if it should trade during certain times or not).

I am attaching the xls file for the 2smaMACD results with two work sheets one with USD pairs and some with others cross pairs. At a glance this higher TF seems much better preformer than momo and bear in mind the EA had a bug which has just been fixed now. I am thinking of testing it on 4H as well as 1H time frame. Hoping that we get better results by going on higher TF as well as getting a decent number of trades. If DAWVEE could be kind enough to give us analysis of this one I think we be very grateful.

Thanks steve for the updates and making all of this possible.

Kind Regards
Attached File(s)
File Type: xls 2smamacdresults14to26feb2010.xls   79 KB | 249 downloads
File Type: pdf 2smamacdcrosspairs statement 14to26feb.pdf   60 KB | 269 downloads
  • #290
  • Feb 28, 2010 1:42am Feb 28, 2010 1:42am
Hi again, I have a question which no matter how many threads/posts I've read (and I'm dizzy from reading at the moment !! ) can't find a definitive answer for- Can you use the MPTM to manage trades placed with the 5min Momo/ 2SMA-MACD/ BB exhaustion etc etc ? or any other EA for that matter.

Yes or No ?

If yes I assume I have to load the script to remove stop losses as well.

Any pointers in the right direction will be much appreciated, I'll work the rest out myself by the usual scientific method I use i.e Trial & Error !! Well mostly error but got to keep trying.

Thank you in advance.
  • #291
  • Feb 28, 2010 9:46am Feb 28, 2010 9:46am
According to your PDF statement, the performance is NOT profitable.

when a system has 50k gross profit, but 40+k gross loss, and end up only 2k net profit. the performance is in fact like a "flip coin" case.

however, does it mean that this steve coded EA is meaningless or "NOT profitable"? not necessarily.

Overcome these 2 issues, it may be a great system!

1. DO NOT try to trade those strange cross pairs like euraud, gbpcad...with spread like 8~10+ pips.
I know little of forex, or i'm stupid, but it doesn't mean what I am saying here is wrong----"99% system trading those pairs are failure due to spread cost!", why do we think this EA could be one of the 1% systems?

at 5min TF or 1H TF even, your TP or SL is usually 100 pips, but you pay 10% (10pips) twice for a trade (once when u enter, once when you exit). you lost 20% already!!!, if your TP/SL is 50 pips, you lost 40% already!!!

Only try pairs with under 5 pips. (except GJ, it's spread of 8 is ok)

and this is also why we need to consider 2:

2. higher TF, at higher TF, your TP/SL may be set higher. say, if your TP/SL is 200 pips, then eurusd's 2 pip spread, only account for 1~2% for each trade, easier to overcome...





Quoting astral77
Hi

I am attaching the xls file for the 2smaMACD results with two work sheets one with USD pairs and some with others cross pairs. At a glance this higher TF seems much better preformer than momo and bear in mind the EA had a bug which has just been fixed now. I am thinking of testing it on 4H as well as 1H time frame. Hoping that we get better results by going on higher TF as well as getting a decent number of trades. If DAWVEE could be kind enough to give us analysis of this one I think we be very grateful.

Thanks steve for the updates and...
  • #292
  • Feb 28, 2010 6:00pm Feb 28, 2010 6:00pm
Quoting charvo
...only try pairs with under 5 pips. (except GJ, it's spread of 8 is ok)
and this is also why we need to consider 2:
2. higher TF, at higher TF, your TP/SL may be set higher. say, if your TP/SL is 200 pips, then eurusd's 2 pip spread, only account for 1~2% for each trade, easier to overcome...
Hi Charvo

All your point are valid. This is at test and as such with exception of USD pairs everything alse was chosen at random. We have two EAs Momo and 2smaMACD. Momo does not work well with ranges which are too narrow or too wide. 2smaMACD works well with trending pairs and the majors. How do we ID the pairs suitable?

With regard to SL and TP schlossberg has his own specific rules for setting these and STEVE has already built these into the EAs. The question is should we stick to those rules or set fixed TP/SL.

The whole idea is for people like me who have no clue regarding coding is to be able to contribute something useful to the thread. I have read so many posts with people saying: nice one, very good, well done, thanks, I made 40pips, I made 400 pips or worst still I made $400! These are all meaningless in particular the $400 one. If we can identify what pairs, what TP and SL which TF and what trading zone, then we shall be able to fine tune the EA in a way that it can be proftable. Hope this makes sense.

Kind Regards.
  • #293
  • Mar 1, 2010 10:35am Mar 1, 2010 10:35am
Hi Steve,
I'm testing on 2 separate brokers both 4 digit crooks. The PendingOrderPips defaults to a 3 digit number (100) while MaxSpread, JS, BreakEvenProfit etc defaults to a 2 digit number because both bots are on a 4 digit crook.
I've reread page one 5 times and I'm fairly certain that PendingOrderPips should default to a 2 digit number on a 4 digit crook also.
I've checked and the rest of your bots do.
As of this moment I have pending orders shut off and I'm running the test on both bots entries, and at this time they look great.

Thankz ....whip
  • #294
  • Mar 1, 2010 12:47pm Mar 1, 2010 12:47pm
Quoting hiredwhip
Hi Steve,
I'm testing on 2 separate brokers both 4 digit crooks. The PendingOrderPips defaults to a 3 digit number (100) while MaxSpread, JS, BreakEvenProfit etc defaults to a 2 digit number because both bots are on a 4 digit crook.
I've reread page one 5 times and I'm fairly certain that PendingOrderPips should default to a 2 digit number on a 4 digit crook also.
I've checked and the rest of your bots do.
As of this moment I have pending orders shut off and I'm running the test on both bots entries, and at this time they look great.

Thankz ....whip...
I forgot to add the auto-adjust code to the robots. The fix is in post 1.

  • #295
  • Mar 1, 2010 2:27pm Mar 1, 2010 2:27pm
Quoting SteveHopwood
I forgot to add the auto-adjust code to the robots. The fix is in post 1.

Thankz Steve,
I'm reloaded and going.....Have a great day!

whip
  • #296
  • Mar 2, 2010 12:06am Mar 2, 2010 12:06am
Hey Steve,

Im noticing that the 2maCombo is placing a pending order even thought the MACD is outside the 5 bar rule.

Has anyone else seen this?

Cheers
  • #297
  • Mar 2, 2010 3:15am Mar 2, 2010 3:15am
It does not matter how hard I glare at the code, I cannot see anything wrong.

I did spot that the bot was only looking at the 4 previous candles, not 5. This is fixed in the attached version. The bot now waits for the start of a new candle, then looks back over the previous 5 to spot a cross.

Attached File(s)
File Type: mq4 Steve Hopwood's BS 2 Moving Average and MACD combo.mq4   33 KB | 202 downloads
  • #298
  • Mar 2, 2010 4:29am Mar 2, 2010 4:29am
Quoting sundog
Hey Steve,

Im noticing that the 2maCombo is placing a pending order even thought the MACD is outside the 5 bar rule.

Has anyone else seen this?

Cheers
Hi Sundog

Yes it is doing the same with my demo (IBFX). Sorry STEVE there must be a bug somewhere because sometimes it is placing pending orders on its own accord. I do feel so impotent for not being able to help on the coding aspects.

Kind regards
  • #299
  • Mar 2, 2010 4:40am Mar 2, 2010 4:40am
Mr Swingman: Can you pls post the info on those arrows on the chart?
Thx.
pipmonger

Quoting SwingMan
Here the version with zero line, and a new version with two colors.
.
  • #300
  • Mar 2, 2010 5:00am Mar 2, 2010 5:00am
Quoting astral77
Hi Sundog

Yes it is doing the same with my demo (IBFX). Sorry STEVE there must be a bug somewhere because sometimes it is placing pending orders on its own accord. I do feel so impotent for not being able to help on the coding aspects.

Kind regards
I just had an idea. The robot is sending a call to MACD True using the standard 12, 26, 9 settings. Are these the ones you are using?

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