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A Simple London Breakout

  • #641
  • May 10, 2010 4:40am May 10, 2010 4:40am
Quoting squalou
Hi Guys...

troubles trading on mondays ?....

Can you zoom out your charts and tell me if this happens all ALL mondays on your charts ?

I get the same result if i set my box to start at 23:00 and end and 02:00 for instance, ie when it has midnight INSIDE the box.

I think it has --again-- to do with broker-vs-local time...

I think we should remove the line 251 in IndicatorV9:

[code]...
nicely done squalou..your the man!
this solves the problem. thank you.
  • #642
  • May 10, 2010 4:58am May 10, 2010 4:58am
So...
Here is the fixed version of the Indicator for the "monday-morning issue".

* V9.1: [Squalou]
* - "monday-morning fix": box wouldn't draw on mondays when the box time includes midnight
* (local time 00:00 is between StartTime and EndTime, for instance 23:00 - 02:00).
*

Sq.
Attached File(s)
File Type: mq4 London BreakoutV9.1.mq4   24 KB | 899 downloads
  • #643
  • May 10, 2010 6:24am May 10, 2010 6:24am
Re Post 605

Hi Sq
The solution posted in #605 appears to be working thanks. I won't know for sure until the trading period is complete to see if any trades are then entered.

Out of the 6 pairs I am trading, only 2 boxes are within the max box size. I am looking at increasing the box size to 80 and then watch the results. This will bring 6 charts into a trading position.

Karl
  • #644
  • May 10, 2010 11:21pm May 10, 2010 11:21pm
Quoting mer071898
I am and have been fully open to this idea. If the EA was intelligently coded to take into consideration the total sum of all the losses and calculate the number of lots needed to pull a profit based on the new Profit Target, I'm all for it. Because I'm a fairly aggressive trader, I don't believe in just breaking even, that is a waste of my time and it should never be your goal to just breakeven off of a loss. Granted, it is more difficult, but nobody said it wouldn't be risky.
Based on what I stated earlier, and to which you are open, and to stay as up-to-date as possible:

EUR/USD, april 13th:
Traditional method as introduced by Mer: 4 loss in a row ... meaning opening fifth at "times 34" based on post http://www.forexfactory.com/showpost...2&postcount=79

for the 4 losses: SL = 43pips
for the win: TP = 17pips
(on FXCM historical datasets - refer to picture attached)

Now What I did is account for each loss, and each time I'm opening a new trade, I try to recoup+X% of amount to recoup (summation = summation +X%) .....

breakeven +30% of RecoupAmount = 0.79lots are required
+20% = 0.70lots ...
+10% = 0.54lots ...
+5% = 0.50lots ...
+0% = 0.47lots ...

Mer, considering you have a multiplier of 34 after the fourth loss you are short 0.13lots if my math is right.

I leave the comments and interest to you Mer. I like your breakout. I'm posting this for you as a "thank you for giving us this nice strategy". Now, if after this you don't switch to another MM, then at least I would be convinced I did my best to "repay" what you gave us. You can PM me if you have further questions to not "pollute" the thread (I do understand you need to prevent noise from your thread .... however I believe such MM is relevant to ur strategy don't you think)

PS: I'm trading this live .... @+30% (but I'm guaranteed to break-even and make profit each time) .. come on ... I had to say it ;-) no harm

Attached Image (click to enlarge)
Click to Enlarge Name: 2010.04.13_former.gif Size: 26 KB
  • #645
  • May 11, 2010 1:38am May 11, 2010 1:38am
Squal,

Can you cast your eyes over this one, see what you make of it.

Had the EA working on a number of pairs yesterday. Had it set to close everything out at 16:00 GMT. With time coming up to 16:00 there was only one pair left with an open trade - the USD JPY.

The EA sent an order to close the trade at 16:00, but according to the log, it failed due to invalid prices. I therefore closed it out manually shortly after.

This morning the EA sent pending orders to re-open USD JPY trades based upon yesterday's box and also sent them at the open of the 6.00GMT candle. All other pairs have reacted as they should have and opened pending trades based on today's box at the close of the 6.00 GMT candle.

Would manually closing out a trade after "trading hours" have caused this ? If so, can the code be altered to re-send the closing orders at close of play for the day, to avoid the situation described.

All the best
Stu
  • #646
  • May 11, 2010 1:46am May 11, 2010 1:46am
i dont know what and where is the problem . but i guess the problem is in the ea..
its still trades in the yesterdays box. not today.
Attached Image (click to enlarge)
Click to Enlarge Name: trade.JPG Size: 148 KB
  • #647
  • Edited 2:13am May 11, 2010 1:52am | Edited 2:13am
Good morning everyone, I see we've had some interesting developments, conversations, and fixes. I appreciate everyone's work and I apologize for not being present more over the weekend. I've updated the zip file in post #1 with all the new updated scripts and indicators.

A couple of things before I start with putting up any charts. With all of the discussions and charts that have been posted, I'm pretty sure everyone has the concept down by now. Tonight, I will move away from the original settings to focus on updating chart results using the new settings I mentioned in post #506. I will also be adding a couple of new charts, Gbp/Jpy and Gbp/Chf, as I believe these two pairs with their larger daily ranges will benefit from the new settings. The only real difference besides the Entry point and Take Profit is I've moved the Max Box Size to 60 pips on all pairs except for Gbp/Jpy which I've set to 80 pips.

Quote
Based on what I stated earlier, and to which you are open, and to stay...
xmph, I believe you are onto something very interesting here. This is the kind of logic I would love to see in the EA. It gives the trader a little more confidence in trading and being able to make money instead of just breaking even. I know how trying to incorporate any type of martingale can make most, if not all, traders nervous as they are less likely to risk their own money if there is even a hint of a blow up. Your concept allows less risk and still allows us to put a little money in the bank, which is the whole goal of trading, good job. Now incorporating that into an EA, well that's a challenge that will have to be up to sqaulou. If the EA would be able to calculate what it would take to recoup our losses with what you've described here, even after several losers in a row, I think a lot of people might look at this strategy in a whole new light.

In the meantime, maybe someone with some skill in doing spreadsheets can make a calculator to help figure out the lot sizing for those of us in the thread that are still trading this strategy manually.
  • #648
  • May 11, 2010 2:02am May 11, 2010 2:02am
Okay here are the charts for Monday with the new settings. Red boxes are losing trades, Blue boxes are winning trades, and Black boxes are open trades that have not been completed and will be added to the next day's updates.

Eur/Usd

No trade

No open trades at this time.

Gbp/Usd

Trade 1= +96 pips
Trade 2= -95 pips

Next trade will start with a multiplier of 2.

No open trades at this time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd new.jpg Size: 98 KB
Click to Enlarge Name: gbpusd new.jpg Size: 102 KB
  • #649
  • May 11, 2010 2:06am May 11, 2010 2:06am
Usd/Chf

 Trade 1= -96 pips

One open trade at this time using a multiplier of 2.

Gbp/Chf

Trade 1= -105 pips
Trade 2= +212 pips (+106 x 2)

 One open trade at this time using no multiplier.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf new.jpg Size: 109 KB
Click to Enlarge Name: gbpchf new.jpg Size: 106 KB
  • #650
  • May 11, 2010 2:09am May 11, 2010 2:09am
Usd/Jpy

 Trade 1= -82 pips

Next trade will start with a multiplier of 2.

No open trades at this time.

Eur/Jpy

No trade

No open trades at this time.

 Gbp/Jpy

No trade

No open trades at this time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy new.jpg Size: 105 KB
Click to Enlarge Name: eurjpy new.jpg Size: 99 KB
Click to Enlarge Name: gbpjpy new.jpg Size: 100 KB
  • #651
  • May 11, 2010 4:47am May 11, 2010 4:47am
Hi Mer,
If it is not too much trouble, could you please modify the first post to reflect the new settings and any other settings that is worth mentioning.

Thanks.

Regards,
Gyfu
  • #652
  • May 11, 2010 9:30am May 11, 2010 9:30am
Quote
Hi Mer,
If it is not too much trouble, could you please modify the first post to reflect the new settings and any other settings that is worth mentioning.

Thanks.

I put a note at the bottom of post #1
  • #653
  • May 11, 2010 10:08am May 11, 2010 10:08am
Al right....

After a few hours of coding and intense unit testing, i came up with this new

V3.0 version of the EA...

The main new feature, that EVERYONE was waiting for:

!!!!!!!!!!! BACKTESTING IS NOW POSSIBLE !!!!!!!!!!


Yes, i'm not kidding...


It now imports SETTINGS values from GlobalVariables set by the Indicator, which are used to compute the box and levels by itself every day (and therefore while backtesting)
(instead of just importing the LEVELS, which are only valid for the present day).


I also fixed A LOT of bugs in various areas (OCO, half-close, invalid orders, etc)

Hope you won't be bugged with error Alerts anymore...
Alerts are now USEFUL ones, when opening trades or changing SL/TP values, etc.
So at least you know that the EA is still alive...


Now hopefully i can concentrate on the new features without "noise" :
- trailing stop,
- Money Management (Risk settings)
- MARTINGALE!
- Mer's new "keep open trade running after SessionEnd" rule; (but delete pending ones!)


Hope you'll all be happy with this one!


Sq.


Detailed V3.0 changes:

* V3.0: [Squalou]:
* ========== ALLOWS BACKTESTING THE EA ==========
* - the EA now computes the Entry/TP/SL LEVELS by itself, and only imports Indicator SETTINGS
* from the GlobalVariables.
* - EA now starts trading at the END of the bar forming at the Box EndTime, as expected by the Strategy:
* on M15, with EndTime=07:00, EA will start trading at 07:15, not 07:01.
* - fixed recursive alarms playing when price goes out of the "green fields";
* Only valid pending STOP orders are now placed based on market price;
* - Fixed OCO function that was repeatedly trying to delete wrong orders;
* - fixed count of losses for the day: when EA was used on multiple pairs/charts,
* ALL running EAs would "stop trading for the day" when the FIRST one reached MaxLossesAllowedPerPair...
* - fixed Half-close not functionning on SELL side;
*
Attached File(s)
File Type: mq4 Steve Hopwood's London session breakout auto-trading robotV3.0.mq4   31 KB | 825 downloads
  • #654
  • May 11, 2010 12:27pm May 11, 2010 12:27pm
Hi thanks for EA I try to test it but get


2010.05.11 20:26:46 2010.04.27 06:18 Steve Hopwood's London session breakout auto-trading robotV3.0 EURUSD,M15: Alert: BUYSTOP Order send failed at 1.3398 (130): invalid stops
  • #655
  • May 11, 2010 1:11pm May 11, 2010 1:11pm
I have just finished to read this great thread and I try to backtest the latest ea version. Thank you for the effort to add backtest feature. On the backtest attemt i am getting the "invalid stop" error when placing stop orders.
  • #656
  • Edited 3:09pm May 11, 2010 2:53pm | Edited 3:09pm
Quoting stace
Hi thanks for EA I try to test it but get


2010.05.11 20:26:46 2010.04.27 06:18 Steve Hopwood's London session breakout auto-trading robotV3.0 EURUSD,M15: Alert: BUYSTOP Order send failed at 1.3398 (130): invalid stops

ok... I know what you are all doing right now...


looks like "noise" is following me...



can you give the few logs around the message you are getting ?

There should be also the "system" message near this Alert message looking like this:

"2010.05.11 21:49:14 2010.05.10 07:15 Steve Hopwood's London session breakout auto-trading robotV3.0 GBPUSD,M15: open #1 buy stop 1.00 GBPUSD at 1.48848 sl: 1.48668 tp: 1.49400 ok"

and probably the error message 130 right after it.



Sq.
  • #657
  • May 11, 2010 3:35pm May 11, 2010 3:35pm
hahah never ending bugs but I have no doubt that you will get this perfect.
I like the ea better than the script. I'm in the west cost and have to work so the ea makes life easier and my boss won't fire me.

Quoting squalou
ok... I know what you are all doing right now...


looks like "noise" is following me...



can you give the few logs around the message you are getting ?

There should be also the "system" message near this Alert message looking like this:

"2010.05.11 21:49:14 2010.05.10 07:15 Steve Hopwood's London session breakout auto-trading robotV3.0 GBPUSD,M15: open #1 buy stop 1.00 GBPUSD at 1.48848 sl: 1.48668 tp: 1.49400 ok"

and probably the error message 130 right after it.



Sq.
  • #658
  • May 11, 2010 4:12pm May 11, 2010 4:12pm
Quoting tommbstone
hahah never ending bugs but I have no doubt that you will get this perfect.
I like the ea better than the script. I'm in the west cost and have to work so the ea makes life easier and my boss won't fire me.
just don't forget to look over its shoulder often...
it's still a pre-school EA... and it likes to chew your account pretty badly..
Still needs to learn good manners...

Sq.
  • #659
  • May 11, 2010 6:28pm May 11, 2010 6:28pm
Quoting squalou
just don't forget to look over its shoulder often...
it's still a pre-school EA... and it likes to chew your account pretty badly..
Still needs to learn good manners...

Sq.
I really appreciate your work and the effort your putting in this EA.

Thank you!

EDIT: If you ever come down to Portugal, drop me a mail, I will be happy to show you around and pay you some beers... with the money I got from your EA!
  • #660
  • May 11, 2010 6:42pm May 11, 2010 6:42pm
Quoting squalou
Al right....

After a few hours of coding and intense unit testing, i came up with this new

V3.0 version of the EA...

The main new feature, that EVERYONE was waiting for:

!!!!!!!!!!! BACKTESTING IS NOW POSSIBLE !!!!!!!!!!


Yes, i'm not kidding...


It now imports SETTINGS values from GlobalVariables set by the Indicator, which are used to compute the box and levels by itself every day (and therefore while backtesting)
(instead of just importing the LEVELS, which...
sq, I have not been keeping up with events here - been busy elsewhere.

flattered as I am that your remarkable robot still bears my name, (and I really am flattered) I have no doubt that my original robot bears as much resemblance to yours as does a piece of cheese to an internal combustion engine.

Please feel free to rename it. I am just delighted to have started something off that looks to have some pretty strong legs due to your incomparable contributions.

Cheers sq. You are fantastic. Good to see your voucher count rising - told you there would be more on the way.

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