4 moving averages all pointing the same way - can't remember which values but you can always look at the code to see.
scooby-doo BOJ JPY pairs trading robot
- #7,863
- Mar 29, 2010 9:22am Mar 29, 2010 9:22am
- Joined Oct 2008 | Status: Sailing for pips | 2,099 Posts
4 moving averages all pointing the same way - can't remember which values but you can always look at the code to see.
I would vote for adding trend detection as an option. It would solve my problem of not being at my PC to make the manual long/short trade decision.
- #7,866
- Edited 10:21am Mar 29, 2010 10:07am | Edited 10:21am
- Joined Oct 2008 | Status: Sailing for pips | 2,099 Posts
- #7,869
- Mar 29, 2010 3:55pm Mar 29, 2010 3:55pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Some confusion here is understandable given the paucity of documentation. I shall copy the contents of this post to the relevant bit of post 1.
Stop loss is ATR.
Take profit is ATR * Atr_TP_Multiplication_Factor.
Monica closes half the trade when the order profit hits ATR * (Atr_TP_Multiplication_Factor /2).
If you want trailing/jumping stops, then use mptm.
Traders might also consider using mptm to manage all Monica's trades as a basket, and closing them at x% of balance profit. This is something I am keeping in mind.
Monica's trades have been great so far on my live IBFX account. At the mo, I am trading as per the defaults without additional intervention from mptm. I shall revise this or not as events unfold this week. I am enjoying the spectacle of a basket of trades being in constant positive upl. I closed my continually-stuck KG Range trades to accommodate this, so the experience is especially pleasant.
Stop loss is ATR.
Take profit is ATR * Atr_TP_Multiplication_Factor.
Monica closes half the trade when the order profit hits ATR * (Atr_TP_Multiplication_Factor /2).
If you want trailing/jumping stops, then use mptm.
Traders might also consider using mptm to manage all Monica's trades as a basket, and closing them at x% of balance profit. This is something I am keeping in mind.
Monica's trades have been great so far on my live IBFX account. At the mo, I am trading as per the defaults without additional intervention from mptm. I shall revise this or not as events unfold this week. I am enjoying the spectacle of a basket of trades being in constant positive upl. I closed my continually-stuck KG Range trades to accommodate this, so the experience is especially pleasant.
- #7,870
- Mar 29, 2010 4:30pm Mar 29, 2010 4:30pm
- | Joined Apr 2008 | Status: Trader | 1,114 Posts
Thank you steve, that explains it then. first half ends up being 1x atr if u have multiplication factor at 2.
I have tweaked the monica settings to suite more my style of trading, on shorter timeframes and held for a shorter period of time. I began testing on thursday of last week, and as of right now monica has managed to grab 1282 pips. However, because of the half closures, the bottom line profit in dollars isn't all that impressive
I may very well start to use mptm to control the entire basket, or individual trades with trailing stops as well.
I have tweaked the monica settings to suite more my style of trading, on shorter timeframes and held for a shorter period of time. I began testing on thursday of last week, and as of right now monica has managed to grab 1282 pips. However, because of the half closures, the bottom line profit in dollars isn't all that impressive
I may very well start to use mptm to control the entire basket, or individual trades with trailing stops as well.
- #7,871
- Mar 29, 2010 5:02pm Mar 29, 2010 5:02pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Thank you steve, that explains it then....
Uploaded to post 1 is a version with a new input - AllowHalfClose. Set this to false to disable half-closing of a successful trade. This leaves the trade vulnerable to reverse right up to tp, so I recommend lowering the Atr_TP_Multiplication_Factor input if you choose this option.
Readers might like to visit Boris Schlosberg's site at http://www.bkforexadvisors.com/boris...-pips-per-day/. In his final video, he blasts the 'wisdom' of trading reward outweighing risk. This should give some of you pause for thought; scoobs already understands and has tried to show the way forward with THG.
By the bye, re Monica again, I see that a jumping stop is included with the code. One of the probs with coding so much stuff is that I forget what is included with each bot.
Sorry if this post appears somewhat random; put it down to the whishkeyish. Hic.
- #7,873
- Mar 29, 2010 5:17pm Mar 29, 2010 5:17pm
what broker and live or demo I got nothing
FXDD Live
ç¦ å Victor V
I consider Monica to be the most promising of the unproven strategy-trading robots here, so I have responded to this immediately.
Uploaded to post 1 is a version with a new input - AllowHalfClose. Set this to false to disable half-closing of a successful trade. This leaves the trade vulnerable to reverse right up to tp, so I recommend lowering the Atr_TP_Multiplication_Factor input if you choose this option.
Readers might like to visit Boris Schlosberg's site at http://www.bkforexadvisors.com/boris...-pips-per-day/....
I've also witnessed the great Monica making fabulous pips. One thought that I had, and I'm not sure if this is a valid strategy or not, would be to let the trades run until a number of opposite OS/OB conditions were met, at which point the trades could be closed. So, if we encountered an SELL through an OB condition, then wait until a number of OS conditions were met (e.g. 1m, 5m, 15m, 30m and 1h) and then close the trades.
If no-one's attempted this, then I'll have a play with the code and see what happens.
Thanks again Steve & Scooby for a wonderful thread and endless effort.
Cheers,
Nick.
- #7,875
- Mar 29, 2010 5:23pm Mar 29, 2010 5:23pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
hey steve
are you trading Monica with default settings?
Bugger-all money but live is live and cash is cash, so I would prefer that Monica brings in the pips than doesn't.
- #7,876
- Mar 29, 2010 5:36pm Mar 29, 2010 5:36pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
I've also witnessed the great Monica making fabulous pips. One thought that I had, and I'm not sure if this is a valid strategy or not, would be to let the trades run until a number of opposite OS/OB conditions were met, at which point the trades could be closed. So, if we encountered an SELL through an OB condition, then wait until a number of OS conditions were met (e.g. 1m, 5m, 15m, 30m and 1h) and then close the trades.
If no-one's attempted this, then I'll have a play with the code and see what happens.
Being more selective about closing trades when fewer tf's have reached the opposite extreme would call for a bit more coding but nothing impossible. Would you like to experiment? If you come up with something successful then it will become the 'official' version with your name included in the robot's name.
I hope that does not sound condescending. I just think that contributors' contributions deserve recognition, so go for it and see what you can come up with. PM me if anything in the code defies understanding.
Cheers Nick.
- #7,878
- Mar 29, 2010 5:53pm Mar 29, 2010 5:53pm
- Joined Dec 2006 | Status: Backtest is meaningless (to me) | 2,176 Posts
@ swnke2 and Steve
In fact, this is very similar to Maxou888's exit strategy.
Maxou888's basket_5xx.mq4, exit on:
"basket profit reaching a pre-determined number of pips/money"
or "fundamentally OB/OS condition emerging, if entered on OS/OB condition".
difference from Monica is that Monica simply taking all timeframe's RSI, while basket_5xx.mq4 takes indicators like Holy Grail...
knowing this is not really meaningful, but the meaningful point is what the trading logic implies:
unless Monica comes across a true breakout following by a non-stop trend, this exit strategy will make sure a win??? we all know false breakout and retraces are much more frequent than a locomotive-like trend.
As to the coding, i'd give a try these 2 days. i guess that i'll copy some maxou888's subroutines into Monica.
In fact, this is very similar to Maxou888's exit strategy.
Maxou888's basket_5xx.mq4, exit on:
"basket profit reaching a pre-determined number of pips/money"
or "fundamentally OB/OS condition emerging, if entered on OS/OB condition".
difference from Monica is that Monica simply taking all timeframe's RSI, while basket_5xx.mq4 takes indicators like Holy Grail...
knowing this is not really meaningful, but the meaningful point is what the trading logic implies:
unless Monica comes across a true breakout following by a non-stop trend, this exit strategy will make sure a win??? we all know false breakout and retraces are much more frequent than a locomotive-like trend.
As to the coding, i'd give a try these 2 days. i guess that i'll copy some maxou888's subroutines into Monica.
As it happens, I had indeed thought about this. Closing a trade when the rsi chosen tf's all get to the opposite extreme is easy.
Being more selective about closing trades when fewer tf's have reached the opposite extreme would call for a bit more coding but nothing impossible. Would you like to experiment? If you come up with something successful then it will become the 'official' version with your name included in the robot's name.
- #7,879
- Mar 29, 2010 6:01pm Mar 29, 2010 6:01pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Steve,
I had a sell basket open during the Buying hour on the original v2.4 yesterday. Unless I'm misunderstanding something (or the strategy), is this supposed to be happening? I am trying to dig through your code, i'll look some more but if you have an answer before I find why im confused, it would be much appreciated!
Thanks,
Luke
Cheers Luke. Sing out if you stil don't understand after reading the guide.
- #7,880
- Mar 29, 2010 6:04pm Mar 29, 2010 6:04pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
@ swnke2 and Steve
In fact, this is very similar to Maxou888's exit strategy....