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Swing momentum trading - the robots are taking over

  • #61
  • Apr 28, 2010 9:19pm Apr 28, 2010 9:19pm
Quoting octomanoak
Jim67,

Have you tried running the zigzag bot? If so, what pairs has it traded? Steve plans to fix a bug in the trade-closing logic, but seems some of us have only seen it open trades for UsdChf.
Hey Octomanoak,
No I haven't tried the ZZ bot - didn't realise the USDCHF thing was in reference to it. Sorry.
STC for 24hrs has made +90 pips using default settings and pairs.
  • #62
  • Apr 28, 2010 10:09pm Apr 28, 2010 10:09pm
Quoting octomanoak
BullRun,

What settings are you using for those results?
Default setting.
  • #63
  • Apr 29, 2010 8:21am Apr 29, 2010 8:21am
Hi Steve and all...

I have some results to sort out but here is a suggestion to try. Can we add a stop loss and a take profit to the EAs?

With these options we could then experiment with different scenarios. Right now, I appear to be about break even on the SMT but a little behind on the other two. Now admittedly, I am not using the default settings - there appear to be enough people trying those. But what I have noticed is that almost every order seems to move the right direction before going negative.

With a SL and TP along with experimentation with time frames, perhaps we could skim some of those pips before an order turns negative.

Granted - it may take you a bit longer to get filthy rich, but being independently wealthy while you are waiting for the filthy rich part would not be too bad...

T...
  • #64
  • Apr 29, 2010 9:00am Apr 29, 2010 9:00am
Quoting tsquad
Hi Steve and all...

I have some results to sort out but here is a suggestion to try. Can we add a stop loss and a take profit to the EAs?


T...
Hi,
You can use MPTM to manage your TP & SL. I've been using MPTM to close all orders when the basket reaches 1% of balance. So far this week the account is up by approx 5%. I've only been running the original EAs, with default parameters, and not the ZigZag implementation.

PeeJay
  • #65
  • Apr 29, 2010 12:01pm Apr 29, 2010 12:01pm
Quoting peejaywk
Hi,
You can use MPTM to manage your TP & SL. I've been using MPTM to close all orders when the basket reaches 1% of balance. So far this week the account is up by approx 5%. I've only been running the original EAs, with default parameters, and not the ZigZag implementation.

PeeJay

Peejay,

I have also been using MPTM with a close of £2 per basket and am up almost £20 on the week. I choose to use a profit target in £ rather than % of balance as I am using 0.01 lots and my demo account would result in too high a target. I have also had a brilliant week trading the 2ma macd with a couple of different settings. Will hopefully get to post these results on the other thread later or tomorrow.

Paul
  • #66
  • Apr 29, 2010 1:49pm Apr 29, 2010 1:49pm
Quoting BullRun
Default setting.
Im a little confused what is default.

On first page:Swing momentum trader:

  1. Spots the trend after a high time frame swing. I am using the H4 tf.
  2. Trades an opposite-direction swing on a low time frame. I am using the M15 tf.

In PDF:• TradingTimeFrame=15: the time frame you wish to trade, expressed in minutes.
• HigherTimeFrame=1440: the higher time frame you wish to use to ascertain the

In EA default:Trading=240, Higher=1440

3 different settings on first page, PDF, EA default

Elovv

  • #67
  • Apr 29, 2010 8:59pm Apr 29, 2010 8:59pm
Quoting peejaywk
Hi,
You can use MPTM to manage your TP & SL. I've been using MPTM to close all orders when the basket reaches 1% of balance. So far this week the account is up by approx 5%. I've only been running the original EAs, with default parameters, and not the ZigZag implementation.

PeeJay
Unless I am missing something (which wouldn't be a first) if we were to add a TP and SL, we could then back test each pair and see if each is viable over time. It would also allow for back testing different time frames. Finally, it would help to tweak entries and exits per pair.

I don't believe there is a way we can back test using baskets and MPTM.

T...
  • #68
  • May 1, 2010 4:59am May 1, 2010 4:59am
Sorry to have been a bit quiet this week. It was a busy one to start with, then I wanted some quiet time both to reflect on this and to work on a private project that benefited from what I am learning here. This is a fib based trading system that I shall release once I have ironed out all the wrinkles and am able to state with authority that such-and-such is how to trade it profitably.

I also spend a lot of time watching ZigZand and ZigZagMe on the charts. What is clear is that a swing measured by these two indis on a htf chart clearly show a change of trend direction. Whilst there is no guarantee that the trend will continue, it frequently does.

I have changed the trading direction of the Trend Continuation robot and withdrawn the momo robot, as it was merely a less sophisticated version of TC.

It would be the work of seconds to add a third layer of checking to the Trend Continuation bot, so that swings high on the D1, H4 and H1 establish a down trend which is sold after, say, an M15 swing high. If anybody has been trading this method manually and can state with authority that this is a good idea, then I shall do so.

Details in post 1 and the user guides in the zip.

  • #69
  • May 1, 2010 6:03am May 1, 2010 6:03am
I have also completely changed the trade exit logic. The robots now send stops and tp's based on an Atr calculation.

I am going to try more detailed management using mptm to jump-stop every 50 pips.

  • #70
  • May 2, 2010 12:43pm May 2, 2010 12:43pm
Quoting SteveHopwood
Sorry to have been a bit quiet this week...
A week without your posts is like a day without

Quoting SteveHopwood
It would be the work of seconds to add a third layer of checking to the Trend Continuation bot, so that swings high on the D1, H4 and H1 establish a down trend which is sold after, say, an M15 swing high. If anybody has been trading this method manually and can state with authority that this is a good idea, then I shall do so.
The only statement of authority I can make is that the author of the website with the "market flow" concept explained to me that the upper timeframes may not always agree on the direction, but he considers 2 out of 3 is a confirmation. I don't know if requiring all 3 timeframes to agree will improve trade outcomes. It might make for fewer trades, but with more accuracy.

Perhaps we should test your most recent changes first and see how the bot does. However, if you were to add the code to check all 3 timeframes, I would like the flexibility of settings to decide how many and which timeframes the bot checks as well as a "mode" for "2 out of 3 agreement" or "all in agreement."
  • #71
  • May 2, 2010 3:57pm May 2, 2010 3:57pm
Quoting octomanoak
A week without your posts is like a day without



The only statement of authority I can make is that the author of the website with the "market flow" concept explained to me that the upper timeframes may not always agree on the direction, but he considers 2 out of 3 is a confirmation....
Yep, let's see how it goes this week. It would be easy to add a trade-if-any-two-from-three-agree filter. We shall see.

  • #72
  • May 2, 2010 11:48pm May 2, 2010 11:48pm
Now that I can post here I have been dieing to ask. If the sun sets for only three hours a day in alaska, what time does the market open in japan?

You have some of the most intelligent EAs I have seen. I will do my best to help us all become filthy stinking rich.
  • #73
  • May 3, 2010 12:32am May 3, 2010 12:32am
Hi Steve,

I am testing the Start_Hour and End_Hour and I noticed that it would not monitor open trades if falls outside of trade hours. Is there a bug needed to be squeezed? Thanks.
  • #74
  • Edited 1:50am May 3, 2010 1:27am | Edited 1:50am
The changes you made in STC look almost identical to the changes I made in SMT. Mine go in the opposite direction though. I had really good results from them. On Thursday night I was testing in a demo trading 10 lots at a time and was up $60k by the end of Friday close. This was with 15/60, 15 pip trailing stop after BE profit of 10, and hedging 1000% at -50.

I am going to start testing STC tonight under about the same parameters.

Cheers
  • #75
  • May 3, 2010 4:10am May 3, 2010 4:10am
[quote=rfking2;3690737]Now that I can post here I have been dieing to ask. If the sun sets for only three hours a day in alaska, what time does the market open in japan?


I will ask scoobs to consult with the sub captain next time he surfaces.
  • #76
  • May 3, 2010 4:17am May 3, 2010 4:17am
Quoting BullRun
Hi Steve,

I am testing the Start_Hour and End_Hour and I noticed that it would not monitor open trades if falls outside of trade hours. Is there a bug needed to be squeezed? Thanks.
The robots have no management features. They send trades with a stop loss and take profit. For automatic micro-management, use mptm.

  • #77
  • May 3, 2010 9:16am May 3, 2010 9:16am
Steve,
Talk about intelligence! The STC just opened a 'sell' order for E/U as well as U/CHF.
Thats what I call wow!
  • #78
  • May 3, 2010 11:48am May 3, 2010 11:48am
I'm seeing some good results on this bot on FXDD demo with MPTM global closure 1%. But on IBFX demo results are not good with same settings.
  • #79
  • May 3, 2010 4:13pm May 3, 2010 4:13pm
My results today (Alpari UK) are rubbish for both robots.

Normally, one of my robots has a window of about a day to show it has some possible legs. I am not applying this harsh rules to these robots because they are trading pure price action; my experiments with fib trading show that pa trading works.

I am sticking with them for now. We shall see if they have a future.

  • #80
  • May 3, 2010 7:37pm May 3, 2010 7:37pm
I have been testing STC on a demo using lot divisor for 1% of the balance. 40 open positions when trading 14 pairs is a bit much. I can see the logic behind riding a long then a short opens in preparation for a downward move. But I dont need 8 open GBP/JPY positions, 4 short and 4 long. What syntax can prevent reopening of the same position?
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