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Steve Hopwood's Boris Schlossberg-inspired trading robots

  • #821
  • Apr 16, 2010 8:28am Apr 16, 2010 8:28am
Hi Steve,
Hearty greetings!!

In order not to cluter the thought flow of the thread,I have sent you a pm for a supposedly simple request.

When you can,could you please take a look at it?

Very many thanks!!


Regards,

Charles.
  • #822
  • Apr 16, 2010 11:15am Apr 16, 2010 11:15am
Quoting getdown71
Appears to be the classic challenge;

2 modes of operation are needed to best navigate varying market conditions.

1) One "ranging" group of setting is used when EA logic senses a non-trending market.

2) Another "trending" group of setting is used when EA logic senses a trending market.

3) The mechanism for sensing trending vs. non-trending conditions

Any other thoughts on this ?
My thoughts at this point would not add much to yours. My testing is not complete so I do not know if the bots settings can be adjusted to make up for losing trades in ranging periods.

Some of the more experieinced traders here may have more to offer than I.
  • #823
  • Apr 16, 2010 1:43pm Apr 16, 2010 1:43pm
As the day wore on, I gradually started to close half of successful trades and moved the stop to be.

Eventually, the time came when I had to go out so I left mtpm set to close out all the trades if their global profit hit 1% of balance.

I arrived home several hours later to find the basket so closed and the account up nicely.

The account (live IBFX) started the week with a few winners, dipped in the middle with a few losers, then finished strongly. Overall, up 0.77% on the week. Not wealth and riches, but better than a slap in the gob.

Ok, so I am not an experienced trader but this much is blazingly obvious to me. If a trading system requires x numbers of lagging indis (and lets face it, that is all of them) to line up before a trade is triggered, then by the time they line up then a substantial move has already happened and a retrace is on the cards.

If the market is trending, then the system's stop loss will take care of the retrace and allow the trade enough time to breath and, eventually, return to profit. If ranging, then the trade will be taken out towards the top/bottom of the range and so will fail.

I shall add the trend-detection code used by TBL to try to prevent this robot from sending trades into a ranging market.

Actually, I am becoming more and more convinced that naked price action is the only way to trade. A LondonAsian session breakout either works or it fails; no indi in the world is going to help predict it.

Support/resistance levels either hold or they do not. Once broken, they should be taken advantage of; it is no good trying to predict their break using indicators that merely represent what has already happened.

I have already coded a robot that trades swings high and low. Once I get the wrinkles sorted out and it has shown itself capable of trading profitably, I will share it.

  • #824
  • Apr 16, 2010 2:46pm Apr 16, 2010 2:46pm
Quoting SteveHopwood
As the day wore on, I gradually started to close half of successful trades and moved the stop to be.

Eventually, the time came when I had to go out so I left mtpm set to close out all the trades if their global profit hit 1% of balance.

I arrived home several hours later to find the basket so closed and the account up nicely.

The account (live IBFX) started the week with a few winners, dipped in the middle with a few losers, then finished strongly. Overall, up 0.77% on the week. Not wealth and riches, but better than a slap in the gob.

Ok, so...
This may help with trend or range:

If you find ATR > Standard Deviation it means Ranging.
If you find ATR < Standard Deviation it means Trending.

Scoobs.
  • #825
  • Apr 16, 2010 3:26pm Apr 16, 2010 3:26pm
Quoting scooby-doo
This may help with trend or range:

If you find ATR > Standard Deviation it means Ranging.
If you find ATR < Standard Deviation it means Trending.

Scoobs.
Hehe, scoobs. I am a pianist. I don't even know what a Standard Deviation is. Some sort of Standard Sexual Deviancy that we all get up to in the privacy of our own homes?

On a more serious note, thanks, but how do I know when Atr is > Standard Deviation.

  • #826
  • Apr 16, 2010 3:29pm Apr 16, 2010 3:29pm
Quoting SteveHopwood
Hehe, scoobs. I am a pianist. I don't even know what a Standard Deviation is. Some sort of Standard Sexual Deviancy that we all get up to in the privacy of our own homes?

On a more serious note, thanks, but how do I know when Atr is > Standard Deviation.



if(iATR(NULL,0,14,0) > iStdDev(NULL,0,14,0,MODE_EMA,PRICE_CLOSE,0))
if(iATR(NULL,0,14,0) < iStdDev(NULL,0,14,0,MODE_EMA,PRICE_CLOSE,0))

Scoobs
  • #827
  • Apr 16, 2010 3:58pm Apr 16, 2010 3:58pm
Quoting scooby-doo


if(iATR(NULL,0,14,0) > iStdDev(NULL,0,14,0,MODE_EMA,PRICE_CLOSE,0))
if(iATR(NULL,0,14,0) < iStdDev(NULL,0,14,0,MODE_EMA,PRICE_CLOSE,0))

Scoobs
Cheers again, Scoobs.

  • #828
  • Edited 6:39pm Apr 16, 2010 5:36pm | Edited 6:39pm
Quoting scooby-doo


if(iATR(NULL,0,14,0) > iStdDev(NULL,0,14,0,MODE_EMA,PRICE_CLOSE,0))
if(iATR(NULL,0,14,0) < iStdDev(NULL,0,14,0,MODE_EMA,PRICE_CLOSE,0))

Scoobs
Scoobs,

Is that saying if the 14 period ATR is more/less than ONE standard deviation of the 14 period EMA?

Could you explain further? I'd like to understand better the relationship between the ATR and the standard deviation of the EMA. Or alternatively, if you could point me where I could read more about it, that would be much appreciated.
  • #829
  • Apr 17, 2010 2:54am Apr 17, 2010 2:54am
Quoting scooby-doo
This may help with trend or range:

If you find ATR > Standard Deviation it means Ranging.
If you find ATR < Standard Deviation it means Trending.

Scoobs.
Thanks very much for this, Scoobs.

I have added this filter and included the result in the screen feedback. Eyeballing a couple of charts seems to show that it works - higher time frames confirm the trend/range.

Perhaps one of you with a bit more patience would care to eyeball the remaining charts and come to a firm conclusion?

This version is about to go into post 1, but I add it here as well for convenience.

Attached File(s)
File Type: mq4 Steve Hopwood's BS 2 Moving Average and MACD combo multi_pair.mq4   46 KB | 253 downloads
  • #830
  • Apr 17, 2010 9:38am Apr 17, 2010 9:38am
Quoting SteveHopwood
Thanks very much for this, Scoobs.

I have added this filter and included the result in the screen feedback. Eyeballing a couple of charts seems to show that it works - higher time frames confirm the trend/range.

Perhaps one of you with a bit more patience would care to eyeball the remaining charts and come to a firm conclusion?

This version is about to go into post 1, but I add it here as well for convenience.

Steve,

Using the standard MT4 indicators for the 14 period ATR, the Standard Deviation of 14 period EMA and fractals plotted on the the 2MA-MACD template you provide in post 1 gives a good view of the filter.

I would be hesitant to hard code this trend/range filter. Instead I would ask you to make this filter a user option.

If you look at the charts for various pairs where the BS strategy would have taken a trade, a lot of them occur when the filter would treat the market as ranging, and hence filter out the trade. But many of these trades could have been good trades if manually closed or closed with MPTM. Since this semi-automatic approach seems to be viable, I'd like to see it continue to be part of the bot.

There are also a number of strong trending trades which the BS strategy would have taken within the first 5 bars, but the filter would have prevented until 1 or 2 bars too late for the trade to take.

It looks like the filter would be good, though, for someone who wants to trade hands-free. And I will certainly put a version up on forward demo with the filter enabled to see how it does.
  • #831
  • Apr 17, 2010 9:47am Apr 17, 2010 9:47am
Done. The input is CheckTrendBeforeTrading, defaulting to false.

Attached File(s)
File Type: mq4 Steve Hopwood's BS 2 Moving Average and MACD combo multi_pair.mq4   46 KB | 247 downloads
  • #832
  • Apr 17, 2010 10:12am Apr 17, 2010 10:12am
Quoting SteveHopwood
Done. The input is CheckTrendBeforeTrading, defaulting to false.

Wow, Steve. That was fast! Thanks!
  • #833
  • Apr 17, 2010 4:22pm Apr 17, 2010 4:22pm
I coded up an indicator of the formula, including a hull ma.

It doesn't look so hot to me.
Attached File(s)
File Type: mq4 TrendingRangingHullEMA.mq4   3 KB | 299 downloads
  • #834
  • Apr 18, 2010 1:32am Apr 18, 2010 1:32am
Quoting mbkennel
I coded up an indicator of the formula, including a hull ma.

It doesn't look so hot to me.
Your dividing atr by stdev.
  • #835
  • Apr 18, 2010 2:10pm Apr 18, 2010 2:10pm
Quoting SteveHopwood
As the day wore on, I gradually started to close half of successful trades and moved the stop to be.

Eventually, the time came when I had to go out so I left mtpm set to close out all the trades if their global profit hit 1% of balance.

I arrived home several hours later to find the basket so closed and the account up nicely.

The account (live IBFX) started the week with a few winners, dipped in the middle with a few losers, then finished strongly. Overall, up 0.77% on the week. Not wealth and riches, but better than a slap in the gob.

[b]Ok,...
I am still going to keep testing macd but try a few tweaks this week. Apart from this I have also started to come to a similar conlusion Steve. One of the other reasons is that I have noticed trades can be open for a long time and whilst we can add a filter to an EA to stop trading either side of news (impact 3 for example), what we can't control is how that news impacts on trades that may have been open for sometime.

A breakout strategy tends to have less time in the market and therefore there is less chance of news or otehr factors affecting the trade. I tried manually testing a breakout system last week on GU using a box high and low from 20:00 to 00:00. I am only aiming for 10 to 20 pips each trade and managed four wins no losses last week.

I am also following the other threads opened recently on breakouts and will test some of these EA's after another fantastic contribution by Steve - Thanks

Paul
  • #836
  • Apr 20, 2010 8:51am Apr 20, 2010 8:51am
Hi Steve,
Had to post this....enclosed is a shot of the 10 a day bot on ITFX 4 digit broker. These guys maintain a 24 hour/day 1 pip spread on the majors. I've checked them and they are holding it!
ITFX is out of Canada and I've used them for awhile.......this bot sure has found a home here.

whip

P.S. Need to raise TP and SL to meet their min's.
Attached Image (click to enlarge)
Click to Enlarge Name: 10 a day bot.gif Size: 18 KB
  • #837
  • Apr 20, 2010 9:11am Apr 20, 2010 9:11am
Don't mean to pry, but how are your results with, 10 a Day? I tried it for a while on IBFX with lackluster results. Pippo
Vincit qui se vincit.
  • #838
  • Apr 20, 2010 9:17am Apr 20, 2010 9:17am
Quoting Pippopotamus
Don't mean to pry, but how are your results with, 10 a Day? I tried it for a while on IBFX with lackluster results. Pippo
I've been on ITFX with this bot for 3 days.......5 trades....all winners. I'd sure like to see that hold.......

whip

P.S. Must have that 1 pip spread or your in trouble!!!
  • #839
  • Apr 20, 2010 2:35pm Apr 20, 2010 2:35pm
Quoting hiredwhip
Hi Steve,
Had to post this....enclosed is a shot of the 10 a day bot on ITFX 4 digit broker. These guys maintain a 24 hour/day 1 pip spread on the majors. I've checked them and they are holding it!
ITFX is out of Canada and I've used them for awhile.......this bot sure has found a home here.

whip

P.S. Need to raise TP and SL to meet their min's.
Fantastic. Could you post a link to their website, please?

  • #840
  • Apr 20, 2010 2:41pm Apr 20, 2010 2:41pm
Quoting SteveHopwood
Fantastic. Could you post a link to their website, please?

Hi Steve,

Here is the link to ITFX.....http://www.investtechfx.com/

That 10 a day bot is up to 7 straight wins....Really proud of it....

whip
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