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Steve Hopwood's Boris Schlossberg-inspired trading robots

  • #841
  • Edited 4:53pm Apr 20, 2010 4:48pm | Edited 4:53pm
Hi Steve,
Just started this bot back on demo. Put in the latest upgrade and the second trade it took it gave me a short SL. Have a picture that should be self explanatory.
I haven't run this bot in awhile and I may have missed something......I'll just have to take the beating if I have........Thankz

whip

Sorry about the quality of the pic but I think you can do the math alright. Also The first bar to the left is the length of the SL
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd bad stop.gif Size: 45 KB
  • #842
  • Apr 20, 2010 5:11pm Apr 20, 2010 5:11pm
Hi Steve,
Combo Bot just did the same thing on the next trade.
It is taking the SL off the second bar instead of the fifth back

whip

I just checked and the first trade it took was correct. I'm on FxPro 5 digit
  • #843
  • Apr 20, 2010 5:26pm Apr 20, 2010 5:26pm
Have you checked the value of your MaxStopLossPips setting?

  • #844
  • Apr 20, 2010 5:28pm Apr 20, 2010 5:28pm
Quoting SteveHopwood
Have you checked the value of your MaxStopLossPips setting?

Set at 2000
  • #845
  • Apr 20, 2010 5:39pm Apr 20, 2010 5:39pm
That means the max stop loss is 2000 pip(let)s. The candles are irrelevent.

If you want a bigger stop based on candles, then set this to something ridiculously high - 100000 or so.

  • #846
  • Apr 20, 2010 5:42pm Apr 20, 2010 5:42pm
Quoting SteveHopwood
That means the max stop loss is 2000 pip(let)s. The candles are irrelevent.

If you want a bigger stop based on candles, then set this to something ridiculously high - 100000 or so.

OK Steve,
Thanks alot....will make the adjustment and start it back up

Have a good night....

whip
  • #847
  • Apr 20, 2010 7:37pm Apr 20, 2010 7:37pm
Quoting SteveHopwood
Fantastic. Could you post a link to their website, please?

Hi Steve

Please read reviews of this plonker at forex peace army. something is not right if they use yahoo email (I had a small $1k account with them, never traded and asked for money back, they gave it back after around 1 month). I advise against live money account. They also have different rules for use of EAs (read the small print). My advise is to AVOID.

Kind Regards
  • #848
  • Apr 20, 2010 7:48pm Apr 20, 2010 7:48pm
Quoting SteveHopwood
That means the max stop loss is 2000 pip(let)s. The candles are irrelevent.

If you want a bigger stop based on candles, then set this to something ridiculously high - 100000 or so.

Steve, does the MaxStopLossPips essentially establish the initial stop loss used by the bot, over-riding the BS strategy, regardless of the length of the last 5 candles?

For example, if MaxStopLossPips is set to 100000 but the low of the candle 5 candles back is 20 pips away from the entry, will the stop be 20 pips or 100000?
  • #849
  • Apr 20, 2010 7:49pm Apr 20, 2010 7:49pm
Quoting astral77
Hi Steve

Please read reviews of this plonker at forex peace army. something is not right if they use yahoo email (I had a small $1k account with them, never traded and asked for money back, they gave it back after around 1 month). I advise against live money account. They also have different rules for use of EAs (read the small print). My advise is to AVOID.

Kind Regards
Cheers. This explains a lot.

I set up a demo with them and the 10 a day immediately went into its 'criminal plonkers can't be bothered to get out of bed' stuff.

Looks like a waste of time, sundog.

  • #850
  • Apr 20, 2010 7:58pm Apr 20, 2010 7:58pm
Quoting SteveHopwood
Cheers. This explains a lot.

I set up a demo with them and the 10 a day immediately went into its 'criminal plonkers can't be bothered to get out of bed' stuff.

Looks like a waste of time, sundog.

Here ya go.......

whip
Attached Image (click to enlarge)
Click to Enlarge Name: 10 a day bot.gif Size: 65 KB
  • #851
  • Apr 20, 2010 8:21pm Apr 20, 2010 8:21pm
Quoting hiredwhip
Here ya go.......

whip
Please be careful if thinking of going live with them. Hate to see a gentleman like you losing money because of the plonker practices.
All the best
  • #852
  • Apr 21, 2010 1:34am Apr 21, 2010 1:34am
Quoting SteveHopwood
Cheers. This explains a lot.

I set up a demo with them and the 10 a day immediately went into its 'criminal plonkers can't be bothered to get out of bed' stuff.

Looks like a waste of time, sundog.

AYE
  • #853
  • Apr 22, 2010 5:56am Apr 22, 2010 5:56am
Good Morning Steve,
I noticed yesterday that this bot is only taking short trades. I let it run another day to be sure and it took 4 more.
I know you are real busy with the other 2 threads but if you get a chance please have a look at it for me........Thankz

whip
  • #854
  • Apr 22, 2010 6:32am Apr 22, 2010 6:32am
Quoting hiredwhip
Good Morning Steve,
I noticed yesterday that this bot is only taking short trades. I let it run another day to be sure and it took 4 more.
I know you are real busy with the other 2 threads but if you get a chance please have a look at it for me........Thankz

whip
No need, although I will just to make sure. It does trade both ways - has done on my demo.

  • #855
  • Apr 22, 2010 2:06pm Apr 22, 2010 2:06pm
I'm seeing that the bot "trade conditions" to trade with price above/below the 2 MAs as long as there has been a MACD cross within 5 bars can lead the bot to take trades on a trend near the end of a swing and still meet the trade conditions. Then if there is a significant retracement, the trade can stop out, only to see price continue in the direction of the trend. Is there a way to have the bot identify a retracement to enter after after the pull-back when price continues with the trend?
  • #856
  • Apr 22, 2010 3:44pm Apr 22, 2010 3:44pm
Quoting octomanoak
I'm seeing that the bot "trade conditions" to trade with price above/below the 2 MAs as long as there has been a MACD cross within 5 bars can lead the bot to take trades on a trend near the end of a swing and still meet the trade conditions.
This is the basic flaw in the method. It is the flaw with any method that relies on indicators lining up before they trigger a trade.

BS's methods at least cut down the number of indis involved. Some of the systems I have seen posited here at FF I always felt were ridiculous; now, I think I understand why.

I see a couple of possible solutions here:

 

  1. Cut down the number of acceptable macd bars after the cross. 2?
  2. Suppose the system has signalled a buy:

    1. wait for a swing low on a lower timeframe, or even on the trading time frame. The cross-terminology between this and the Swing robot is not a surprise.

What do you guys think?

  • #857
  • Apr 22, 2010 7:36pm Apr 22, 2010 7:36pm
Quoting SteveHopwood
This is the basic flaw in the method. It is the flaw with any method that relies on indicators lining up before they trigger a trade.

BS's methods at least cut down the number of indis involved. Some of the systems I have seen posited here at FF I always felt were ridiculous; now, I think I understand why.

I see a couple of possible solutions here:
[list=1][*]Cut down the number of acceptable macd bars after the cross. 2?[*]Suppose the system has signalled a buy:[list][*]wait for a swing low on a lower timeframe, or even on the trading time...
Good ideas Steve. Of course adding these options does give us the mechanism to test these ideas.

Adding a setting to choose the number of MACD look back bars might work. Limiting to 2 bars might improve entry, or maybe even 3 bars. I dunno. I'd need to run a demo and watch it for awhile.

I cannot grok the other idea at the moment...my brain is fatigued, but I'm happy to test it if you add the options to the bot.

I would like to think about it further before venturing any suggestions of my own. My brain needs a bit of a rest.
  • #858
  • Apr 22, 2010 7:38pm Apr 22, 2010 7:38pm
Ias anyone testing this on H4? Since I switched to H4 I've had better performance with the bot. Too soon to tell how it will do, but a noticeable improvement so far over M5 or H1.
  • #859
  • Apr 22, 2010 8:37pm Apr 22, 2010 8:37pm
Quoting SteveHopwood
This is the basic flaw in the method. It is the flaw with any method that relies on indicators lining up before they trigger a trade.

BS's methods at least cut down the number of indis involved. Some of the systems I have seen posited here at FF I always felt were ridiculous; now, I think I understand why.

I see a couple of possible solutions here:
[list=1][*]Cut down the number of acceptable macd bars after the cross. 2?[*]Suppose the system has signalled a buy:[list][*]wait for a swing low on a lower timeframe, or even on the...
Steve I think #1 is a definite yes, i've been considering *tinkering* with it down to a max 3, but 2 is better.

#2, is also a great idea.

Cheers
  • #860
  • Apr 22, 2010 8:39pm Apr 22, 2010 8:39pm
Quoting octomanoak
Ias anyone testing this on H4? Since I switched to H4 I've had better performance with the bot. Too soon to tell how it will do, but a noticeable improvement so far over M5 or H1.
No still on the 1hr TF with the BOJ idea I had posted last week. It is very slow trading, but its in the green atm.
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