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Swing momentum trading - the robots are taking over

  • #21
  • Edited 7:55am Apr 25, 2010 7:53am | Edited 7:55am
Hi Steve and all...


Remember Steve, you are not the only “thick head” here.

I am still trying to understand why fractals are not the way to go.

With fractals, you can confirm price action through higher highs and higher lows and vice versa. The break of a fractal can be used as an entry point – pure price action. For lack of a better way of describing it, the opposite side of the channel serves as price confirmation. Only when that opposite fractal is breached, do we have a confirmation of a price turn around.

My experimentation with ZZ seems to yield a lot of false trend changes. The answer is to add more indicators for confirmation, but now we’re getting away from pure price action.

RR – out of curiosity, do you have a Zig Zag EA in your arsenal? And if so, can you add some additional insights.


T...
  • #22
  • Apr 25, 2010 11:08am Apr 25, 2010 11:08am
I did write a ZZ-based EA some time ago. Look for Optojay's 1-2-3 thread. That's is a perfect example of how to trade with ZZs.
  • #23
  • Apr 25, 2010 2:45pm Apr 25, 2010 2:45pm
Quoting tsquad

I am still trying to understand why fractals are not the way to go.

.
Whenever I check Fractals doesn't activate right on the spot, it will take

1-2 bars

to complete (and if those bars are on H4?)

before fractals would be placed and that's already

too late.. On the other hand if you combine ZigAndZag with Parabolic SAR, you have a valid

signal.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #24
  • Apr 25, 2010 3:34pm Apr 25, 2010 3:34pm
Quoting tsquad
Hi Steve and all...


Remember Steve, you are not the only “thick head” here.
Hehe. Calls for this kind of argument/

I am thicker than your.

No you aren't.

Yes I am.

No you aren't.

.............................................

Quote
I am still trying to understand why fractals are not the way to go.

With fractals, you can confirm price action through higher highs and higher lows and vice versa. The break of a fractal can be used as an entry point – pure price action. For lack of a better way of describing it, the opposite side of the channel serves as price confirmation. Only when that opposite fractal is breached, do we have a confirmation of a price turn around.
This is the next robot I am going to code, sometime this week. Momentum, or trend, is in favour of the direction of the breakout.

Quote
My experimentation with ZZ seems to yield a lot of false trend changes. The answer is to add more indicators for confirmation, but now we’re getting away from pure price action.
I am definitely not going there.

I spent a few hours last night, and a couple this morning before I had to go out, trying and totally failing to elicit any consistently useful info from zigxag - this despite being provided with code that is supposed to do just this. I loathe custom indicators, and this one is no exception in defying all my best attempts at extracting anything useful from it.

Frankly, all fractals do is provide a visual confirmation of stuff I had hand-coded before being introduced to them. They do at least provide an easy 'in' to the indi that saves a lot of hand-coding, along with said visual confirmations.

So, here is the challenge guys. I write multi-pair, multi tf auto-trading robots. I cannot work out the code that returns the latest swing and the previous swing (both necessary for future development of robots here) that will drag this information from zigzagxxx on a pair by pair basis. Can you?

  • #25
  • Apr 25, 2010 3:57pm Apr 25, 2010 3:57pm
Signing in.

Just a humble suggestion: Let´s give it a chance to see how it performs before starting to add variations, indis, etc.
  • #26
  • Apr 25, 2010 4:12pm Apr 25, 2010 4:12pm
Quoting Middleastern
Signing in.

Just a humble suggestion: Let´s give it a chance to see how it performs before starting to add variations, indis, etc.
Sounds like a plan to me.

  • #27
  • Apr 25, 2010 5:53pm Apr 25, 2010 5:53pm
Hi Steve,

I have STC opened two trades EurGbp and EurAud right at start of market at 21:01 and at 22:00 it promptly closed for a 4pips and 10pips small lost. It would have been in profit now had it not closed. Wonder if there is a bug in the program to close like that.
  • #28
  • Edited 6:52am Apr 26, 2010 5:41am | Edited 6:52am
Quoting BullRun
Hi Steve,

I have STC opened two trades EurGbp and EurAud right at start of market at 21:01 and at 22:00 it promptly closed for a 4pips and 10pips small lost. It would have been in profit now had it not closed. Wonder if there is a bug in the program to close like that.
I have the same problem. So far STC opened EURUSD, EURCAD, EURGBP and EURAUD three times and all closed with loss.

Best regards and thank you for your efforts, Steve!
  • #29
  • Apr 26, 2010 6:35am Apr 26, 2010 6:35am
Signing in.

I need a bigger monitor so that I can keep track of all Steve's threads that I have open on the browser.

Eternal thanks Steve.
  • #30
  • Apr 26, 2010 6:49am Apr 26, 2010 6:49am
STC is not calculating and displaying the most recent lower time frame swing correctly, so it is working with incorrect data.

I cannot work out why and my brain has turned to mush. This is driving me to distraction.

  • #31
  • Edited 9:04am Apr 26, 2010 8:51am | Edited 9:04am
Quoting SteveHopwood
STC is not calculating and displaying the most recent lower time frame swing correctly, so it is working with incorrect data.

I cannot work out why and my brain has turned to mush. This is driving me to distraction.

Steve,

After not less than two hours glared at the EA trying to find out why TtfSwing[cc] has unstable value and Ttf swing keep display Low, finally I found the cause. Guess what? A TYPO...
Inserted Code
   //These two arrays are used to make the robot look for trading opps only at the start of each new candle
   double iNew3 = ArrayResize(HtfBars, NoOfPairs);//Higher time frame bars
   double iNew4 = ArrayResize(MtfBars, NoOfPairs);//Medium time frame bars
   double iNew5 = ArrayResize(TtfBars, NoOfPairs);//Trading time frame bars
   string sNew1 = ArrayResize(HtfSwing, NoOfPairs);//Higher time frame swing
   string sNew2 = ArrayResize(MtfSwing, NoOfPairs);//Medium  time frame swing   
   [b][color=Red]string sNew3 = ArrayResize(TtfSwing, NoOfPairs);//Trading time frame swing[/color][/b]   
   
   int Index = 0;//For searching InputString
The red bold lines. You forgot to resize the TtfSwing array


Add:
I found that EA create multiple label object for swing description "detaillabelxx". If you drag that label, there are many label object at the same position that overlapped each other.
To solve it, you should re-init "update" var to 1 (or other value) right before the loop "for (cc = 0; cc < ArraySize(TradePair); cc++)" inside DisplayUserFeedback routine.
=======
update = 1;
for (cc = 0; cc < ArraySize(TradePair); cc++)
{
=======
  • #32
  • Apr 26, 2010 9:24am Apr 26, 2010 9:24am
Quoting sangmane
Steve,

After not less than two hours glared at the EA trying to find out why TtfSwing[cc] has unstable value and Ttf swing keep display Low, finally I found the cause. Guess what? A TYPO...
[code]...
It is astonishing how often we look everywhere but the right place when hunting down a fault like this.

As it happens, I had just discovered what a spoon I was being and put the fix in post 1 when you posted this. I saw it as soon as I looked again after my brain cleared. Thanks anyway; I I had left looking another half-hour, I would have been falling around your neck slobbering with gratitude.

You are probably thinking, "Yuk" right now.

A pound only gets you a penny that this is the cause of my difficulties dragging information from zifzag as well.

A big thanks for the label thingy. I have removed the static from the int declaration. This also allows me to remove the 10 pip time delay on updating the display as there is no longer any flicker.

Having said that, the display doe not need updating more than once every TradingTimeFrame. Maybe I should leave it in to cut down on processor use. What do you reckon?

Thanks for your help. You are a star.

The fix for the fault is in post 1.

  • #33
  • Apr 26, 2010 10:39am Apr 26, 2010 10:39am
Yes Steve, it happens frequently to us programmers when our brain is being forced to compete against i7 processor
  • #34
  • Apr 26, 2010 1:04pm Apr 26, 2010 1:04pm
Incidentally, I have made the label thingy change to Swing Momentum Trader as well. This is purely a cosmetic thing, and so can wait until the next time you have an update/new robot to download.

  • #35
  • Apr 26, 2010 1:28pm Apr 26, 2010 1:28pm
Did anybody have trades with SMT today?

Best regards!
  • #36
  • Apr 26, 2010 1:31pm Apr 26, 2010 1:31pm
Quoting Meister81
Did anybody have trades with SMT today?

Best regards!
Yep, and it is giving back all its gains from Friday.
  • #37
  • Apr 26, 2010 1:49pm Apr 26, 2010 1:49pm
My demo opened a long trade on AUDUSD at 00:01 last night. This trade was well up this morning then drifted back down and is on the way up again. Just opened a second trade tonight long EURUSD which is also heading in the right direction. I am also using MPTM with 30(0) pip target for each trade.
  • #38
  • Apr 26, 2010 2:03pm Apr 26, 2010 2:03pm
Hi all,

started both bots last night at Alpari open using default settings and 0.01 lot size.

Updated the trend continuation bot when Steve said to and so far the results are

Trend Continuation is -1.47%
Momentum is -9.36%, have ahd the same 3 pip closing problem as mentioned earlier in the thread..

Am also seeing a lot of trade time out errors on both bots as well.

i have both accounts linked to my fx book and if its ok with Steve i will post the links..

cheers

Grant
  • #39
  • Apr 26, 2010 2:28pm Apr 26, 2010 2:28pm
Steve,

Having read your user guide, it appears you are saying that the bot looks for a swing high (or swing low) in the higher timeframe and treats that to set the direction of the trade. It is not clear to me if you mean any swing high (or low) or whether you mean a higher high (or lower low).

As I understand the concept of market flow, it identifies a direction based upon the most recent swing relative to the prior swings. The idea of multiple timeframes is that when they line up in the same direction, this is stronger confirmation than using only one timeframe. So higher highs in an upper timeframe confirms upward direction even though the lower timeframes may appear to be heading down. And vice-versa, lower lows in a higher timeframe confirm downward direction when a lower timeframe appears to be headed up.

If I could read/understand code I would not be posting this as I could confirm the actual logic of the bot in its current form.
  • #40
  • Apr 26, 2010 2:55pm Apr 26, 2010 2:55pm
Quoting grant18265
Hi all,

started both bots last night at Alpari open using default settings and 0.01 lot size.

Updated the trend continuation bot when Steve said to and so far the results are

Trend Continuation is -1.47%
Momentum is -9.36%, have ahd the same 3 pip closing problem as mentioned earlier in the thread..

Am also seeing a lot of trade time out errors on both bots as well.

i have both accounts linked to my fx book and if its ok with Steve i will post the links..

cheers

Grant
Anything people want to do here is ok with me.

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