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A Simple London Breakout

  • #561
  • May 6, 2010 10:28am May 6, 2010 10:28am
Hell again.
While i run backtest of this V2 ea.
I have Alpari Russia 5 digits broker.

It starts trading but then comes.

2010.05.06 18:24:07 2010.03.31 14:18 Steve Hopwood's London session breakout auto-trading robotV2 GBPUSD,M15: OrderModify error 4108

2010.05.06 18:24:08 2010.03.31 15:26 Steve Hopwood's London session breakout auto-trading robotV2 GBPUSD,M15: Alert: Pending long order send failed with error(130): invalid stops

2010.05.06 18:24:08 2010.03.31 17:00 Steve Hopwood's London session breakout auto-trading robotV2 GBPUSD,M15: unknown ticket 9 for OrderModify function
  • #562
  • May 6, 2010 10:36am May 6, 2010 10:36am
Backtesting is NOTpossible with the EA...
Sounds strange, doesn't it ?

Teh reason is that the EA IMPORTS its entry/tp/sl levels from the Indicator's LATEST updated values.
These are only valid for TODAY.
Not for the past days, where the Box is set at other levels.

So..... no backtesting with this EA!
Only forward testing, ---- ON DEMO ACCOUNT PLEASE ---- !!!

There is a way of making the EA work on backtesting, though...
I'll let you figure out how for a little while...


Coders, here is contest for you!


Sq.
  • #563
  • May 6, 2010 10:45am May 6, 2010 10:45am
Quoting squalou
Backtesting is NOTpossible with the EA...
Sounds strange, doesn't it ?

Teh reason is that the EA IMPORTS its entry/tp/sl levels from the Indicator's LATEST updated values.
These are only valid for TODAY.
Not for the past days, where the Box is set at other levels.

So..... no backtesting with this EA!
Only forward testing, ---- ON DEMO ACCOUNT PLEASE ---- !!!

There is a way of making the EA work on backtesting, though...
I'll let you figure out how for a little while...


Coders, here is contest for you!


Sq.
Sq,
Great Package....looking forward to trying this puppy out on the "Cable" tonight.....

whip
  • #564
  • May 6, 2010 10:57am May 6, 2010 10:57am
This is not so important for me. Backtesting.
What about mine post 564?

Quoting squalou
Backtesting is NOTpossible with the EA...
Sounds strange, doesn't it ?

Teh reason is that the EA IMPORTS its entry/tp/sl levels from the Indicator's LATEST updated values.
These are only valid for TODAY.
Not for the past days, where the Box is set at other levels.

So..... no backtesting with this EA!
Only forward testing, ---- ON DEMO ACCOUNT PLEASE ---- !!!

There is a way of making the EA work on backtesting, though...
I'll let you figure out how for a little while...


Coders, here is contest for you!


Sq.
  • #565
  • May 6, 2010 10:57am May 6, 2010 10:57am
Man, Cable has gone down 250 pips today !!!!!!!!!!!!!!!!!!!
And CADJPY did -300..!

The "tennis-court" looks like a "tennis-table" on my chart !!!!!!!

Sq.
  • #566
  • May 6, 2010 11:03am May 6, 2010 11:03am
You mean that martingale here is dangerous?
  • #567
  • Edited 11:34am May 6, 2010 11:13am | Edited 11:34am
Whooooaaaaaa!!!

If any of you guys already live with this system in last 3 days
And for some reason you choose to ignore those redbox and keep on trading,
Then you guys must be harvesting a serious amount of additional cash in your account by now......

To: Mer, Squalou, Steve, Sangmane and everybody who gave their time and contribution to this thread, thank you. Thank You. Thank You.

This system is already fantastic from the start.
  • #568
  • May 6, 2010 11:16am May 6, 2010 11:16am
Quoting stace
This is not so important for me. Backtesting.
What about mine post 564?
Stace,

please post a picture of what you are talking about...
i am quite confused with your explanations...

Sq.
  • #569
  • May 6, 2010 11:24am May 6, 2010 11:24am
The author of this thread is also working with martingale as I understood.

Here is simple picture.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 38 KB
  • #570
  • May 6, 2010 12:07pm May 6, 2010 12:07pm
Stace,

So you are talking abou the regular martingale that Mer exposed in this thread ?

This has still to be coded in the EA, indeed.
I haven't looked into this direction yet.

But i'll be happy to share development work with anyone who would do it!

The multiplier follows a modified regular Fibonacci sequence: it takes 1 every 2 Fibo numbers if i'm correct:
1,(1),2,(3),5,(8),13,(21),34,(55),89,(144),233,etc.

The script could be modified to "remember" the current martingale multiplier into a GlobalVariable, update and use it, and save the new multiplier for the next trade. Reset to 1 on winning trade.

Sq.
  • #571
  • May 6, 2010 12:13pm May 6, 2010 12:13pm
YEs i talk about regular martin.

but your version is intresting. If you can do so in script it will be the best.
Sorry of course I will use EA you for tests. But in my forex career I prefer work by hands and scripts.

Is it possible to code your version and regular martini in this V3 script?
Quoting squalou
Stace,

So you are talking abou the regular martingale that Mer exposed in this thread ?

This has still to be coded in the EA, indeed.
I haven't looked into this direction yet.

But i'll be happy to share development work with anyone who would do it!

The multiplier follows a modified regular Fibonacci sequence: it takes 1 every 2 Fibo numbers if i'm correct:
1,(1),2,(3),5,(8),13,(21),34,(55),89,(144),233,etc.

The script could be modified to "remember" the current martingale multiplier into...
  • #572
  • May 6, 2010 1:05pm May 6, 2010 1:05pm
And last one for today.
I have Alpari Russia broker. It is GMT+1 broker.
I see author also has +1 GMT Broker.
I have time in indicator V9 set as follows 04:00 - 07:00 But why I have suck small levels, the distance is so so small??
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 31 KB
  • #573
  • May 6, 2010 1:39pm May 6, 2010 1:39pm
[quote=squalou;3703648]Stace,



The multiplier follows a modified regular Fibonacci sequence: it takes 1 every 2 Fibo numbers if i'm correct:
1,(1),2,(3),5,(8),13,(21),34,(55),89,(144),233,etc.


Here is Code to start with;

In this example the array holds 7 multipliers, Can be more.

If(OrderJustClosedIsProfitable)
GV=1;
else
GV++;
GlobalVariableSet(LotMultiplier,GV);

// For Lot calculation
GV=
GlobalVariableGet(LotMultiplier,GV);
NewOrderLot=BaseLot*LotMultiplierArray[GV];

where LotMultiplierArray[]={1,2,5,13,34,89,233}

Just one way of using lot multipliers in the event of a loss trade

Pat



ArrayMultipliers[7]={1,2,5,13,34,89,233}
  • #574
  • May 6, 2010 1:45pm May 6, 2010 1:45pm
stace,

you are using a TPFactor of 1.9 apparently, as i can see from the chart comment.

Which is already bigger than the 1.3 initial settings from Mer.

To make it bigger, choose higher numbers.

These factors are here so that you can experiment and choose whatever values fits you best.
Just play with them!
Sq.
  • #575
  • May 6, 2010 1:49pm May 6, 2010 1:49pm
If(GV>MaxSteps )
{GV=MaxSteps;
// or whatever code for rules to follow upon losing a MaxSteps trade
}
When GV is used as a subscript, reduce by 1 since arrays are 0 indexed


Pat

Just an afterthoght.
  • #576
  • May 6, 2010 2:01pm May 6, 2010 2:01pm
Thanks.
So how about script?

with 2 versions of martini
Quoting squalou
stace,

you are using a TPFactor of 1.9 apparently, as i can see from the chart comment.

Which is already bigger than the 1.3 initial settings from Mer.

To make it bigger, choose higher numbers.

These factors are here so that you can experiment and choose whatever values fits you best.
Just play with them!
Sq.
  • #577
  • May 6, 2010 2:02pm May 6, 2010 2:02pm
[quote=Pat1;3704010]
Quoting squalou
Stace,


Here is Code to start with;

In this example the array holds 7 multipliers, Can be more.
...
Hayaaaa!! the coding contest is starting already ???

Thanks Pat for the input.
I was thinking of using a "real" fib sequence generator function, so it is not limited --, but well, actually who would want to end-up with a LOOSING multiplier of 4181 after 9 consecutive loosing trades...??

The array idea is good.

We'll have to ask Mer why he did choose those 1-every-2 fib numbers...

Sq.
  • #578
  • May 6, 2010 2:25pm May 6, 2010 2:25pm
[quote=squalou;3704214]
Quoting Pat1

Hayaaaa!! the coding contest is starting already ???

Thanks Pat for the input.
I was thinking of using a "real" fib sequence generator function, so it is not limited --, but well, actually who would want to end-up with a LOOSING multiplier of 4181 after 9 consecutive loosing trades...??

The array idea is good.

We'll have to ask Mer why he did choose those 1-every-2 fib numbers...

Sq.
Because he does not want to break even only (according to his money) but he wants to make money...

Imagine we would take every Fibnumber - that would mean:

1,(1),2,(3),5,(8),13,(21),34,(55),89,(144),233,etc.

After risking 1R we would risk 1R again on the next step --> almost break even but while risking 2R we will not only recover our losses but gain some nice Pips extra...

Another example - imagine you have reached number 13....
With every FIB you lost 1+1+2+3+5+8 = 20R and gain 13R = all in all you lost
With every 2nd FIB you lost 1 + 2 + 5 = 8R and gain 13R = all in all you win
  • #579
  • May 6, 2010 3:07pm May 6, 2010 3:07pm
good point, Nightyhawk, thanks.

however, the issue with those fibs is that the steps are quite big.
If you trade 0.1 lot at first (that's only 1$/pip on EU), then it becomes rapidly 34$/pip, after 4 losses.
And you can get 4 losses quite quickly when market is slow and ranging... if you strictly follow the strategy...

That makes me unconfortable using martingale...
You need to have deep pockets to sustain the losses before you get your money back (and more, granted).

Sq.
  • #580
  • May 6, 2010 3:50pm May 6, 2010 3:50pm
Okay guys, I'm back in full force! Let's try and catch up a little.

Quote
With Squalou's agreement, I am gracefully bowing out of coding the trading robot. Sq is going to take over this.
First off, I'm sorry to see you bow out Steve, but always know you are welcome back anytime you want.

Quote
I have put the EA alone,
and a "full trading package" that includes everything, and some more...
I have added the zip file to the first page. Just a thought squalou, you may want to put some sort of instructions in a PDF or Word doc in there to help explain the indicator, script, and calculator functions so people don't have to search through the whole thread for how to properly use them.

Quote
So you are talking about the regular martingale that Mer exposed in this thread ?

This has still to be coded in the EA, indeed.
I haven't looked into this direction yet.

But i'll be happy to share development work with anyone who would do it!

The multiplier follows a modified regular Fibonacci sequence: it takes 1 every 2 Fibo numbers if i'm correct:
1,(1),2,(3),5,(8),13,(21),34,(55),89,(144),233,etc.
I'd love to see this added as well, that's the only reason I'm not using the EA yet myself.

Quote
And last one for today.
I have Alpari Russia broker. It is GMT+1 broker.
I see author also has +1 GMT Broker.
I have time in indicator V9 set as follows 04:00 - 07:00 But why I have suck small levels, the distance is so so small??
Alpari Russia is actually GMT +2 in the summer so you should actually have the indicator set to 05:00 to 08:00.

Quote
We'll have to ask Mer why he did choose those 1-every-2 fib numbers...
Quote
Because he does not want to break even only (according to his money) but...
nighthawk hit it on the head. My goal is to make money off the loss, not to just breakeven. But again, you could always add a Martingale True/False input to the EA and allow a person to choose their own individual lot sizes for each level. That way if someone doesn't like as much risk, they can lower the lots. It may not recoup all of the loss but it will definitely lessen the pain.

Quote
That makes me unconfortable using martingale...
You need to have deep pockets to sustain the losses before you get your money back (and more, granted).
Yes, but there are those out there that do have deep enough pockets and we need to make sure that they are able to use the full functionality of the strategy in which the EA should match that. Again, maybe an option to turn it on or off as needed. We're not always looking to double our money, some of us just use the larger account size as a buffer and look for residual monthly income off the trading.
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