Thanks, whip, but neither of them appear to allow me to set a minimum swing size.
whip
Swing momentum trading - the robots are taking over
Wish I knew how to give you what you need Steve. Coding just is not in my list of current talents. 
Separately, I've noticed recently that the STC bot on IBFX is giving me repeated order send error messages (no. 149) that hedging is prohibited. That is not ocurring on FXDD. Both are NFA brokers. Is there something in the code for STC that IBFX would see as an attempt at hedging? Or is it an order closure problem not closing out a position on a pair before attempting to take a trade of opposite direction?
Separately, I've noticed recently that the STC bot on IBFX is giving me repeated order send error messages (no. 149) that hedging is prohibited. That is not ocurring on FXDD. Both are NFA brokers. Is there something in the code for STC that IBFX would see as an attempt at hedging? Or is it an order closure problem not closing out a position on a pair before attempting to take a trade of opposite direction?
- #104
- May 6, 2010 11:04am May 6, 2010 11:04am
Done and uploaded to post 1.
SZBO has been brilliant today. STC has taken a bath - Alpari UK demo. It will be interesting to see what the next few days bring.
there must be something wrong with "sleep after trade closes" function of STC Ea. It opened 3 sells of Gbpjpy in one hour. Could you have a look, please? Thx!
Best regards!
- #106
- May 11, 2010 10:05am May 11, 2010 10:05am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Ok folks, there is a reason I have been so quiet these last few days. I took the decision last week to concentrate on one project at a time. The one I am devoting my attention to has the potential to change our lives.
Cast your eyes over the trades in the picture (and compare the positive upl with the balance). They were generated by my latest trading robot.
This looks like being the best yet by many, many a mile. It makes my others look irrelevant.
I am not going to release it until I know the code is watertight as I do not want people starting off with my usual buggy stuff. I have been coding; a group of my friends have been testing and reporting bugs.
The robot is nearly ready - it is on one of my live accounts even now. I would say that early next week at the latest for release, possibly towards the end of this one.
There is an old adage in forex trading: 'cut your losses short and let your profits run'. The first part is easy - stops take care of that. Achieving the second is next to impossible, given our fear of a winner being turned into a loser by retrace. This strategy times the exit's with a certainty impossible to achieve using tp's, jumping stops et al. mptm could become redundant.
Give yourselves a head start by reading the trading strategy in the pdf in the attached zip, sent me by a member last week. Don't be alarmed at the length of the book; over half of it consists of trade examples. A highly experienced and experienced trader in my little group told me in an email that it is almost the manual for his style of trading, so it is good.
Make sure you understand the concept of impulse and corrective waves; it is not difficult to grasp this but might take a second reading if you are unfamiliar with swings, waves etc. You will be demo-trading within a few hours and live-trading the method by this time tomorrow.
To help, put Candle time and the mtf Rsi into your indi's folder, then drag them onto your charts as you set them up.
To set up your fib tool so it looks like mine,
Cast your eyes over the trades in the picture (and compare the positive upl with the balance). They were generated by my latest trading robot.
This looks like being the best yet by many, many a mile. It makes my others look irrelevant.
I am not going to release it until I know the code is watertight as I do not want people starting off with my usual buggy stuff. I have been coding; a group of my friends have been testing and reporting bugs.
The robot is nearly ready - it is on one of my live accounts even now. I would say that early next week at the latest for release, possibly towards the end of this one.
There is an old adage in forex trading: 'cut your losses short and let your profits run'. The first part is easy - stops take care of that. Achieving the second is next to impossible, given our fear of a winner being turned into a loser by retrace. This strategy times the exit's with a certainty impossible to achieve using tp's, jumping stops et al. mptm could become redundant.
Give yourselves a head start by reading the trading strategy in the pdf in the attached zip, sent me by a member last week. Don't be alarmed at the length of the book; over half of it consists of trade examples. A highly experienced and experienced trader in my little group told me in an email that it is almost the manual for his style of trading, so it is good.
Make sure you understand the concept of impulse and corrective waves; it is not difficult to grasp this but might take a second reading if you are unfamiliar with swings, waves etc. You will be demo-trading within a few hours and live-trading the method by this time tomorrow.
To help, put Candle time and the mtf Rsi into your indi's folder, then drag them onto your charts as you set them up.
To set up your fib tool so it looks like mine,
- Save the send_fib.tpl template to your templates file.
- Close down and restart your platform.
- Load the template onto a chart.
- Press ctrl+B to bring up the objects window. Select the fib you have just loaded and click the Edit key. Make a change to, say, the colour and click OK. From now on, every fib you pull will look like mine.
From here on, you drag the fib from top to bottom of the swing. ZigZag is the indi that highlights these most effectively and is used by the robot to find them. You find it in the custom indis section of your Navigator window.
Once the robot and its documentation is complete, I shall release the robot.
In the meantime, have fun.
- #109
- May 11, 2010 12:48pm May 11, 2010 12:48pm
- | Joined Apr 2008 | Status: Trader | 1,114 Posts
Great to see you working on this steve, hopefully it's going well. I've had this document laying around on my pc for ages now, good time to revisit it.
One note already, in the doc it just simply states a minimum move of 40 pips, taking the hi/lo of that move to use as the wave. You might be getting a false start by utilizing zigzag for this. Might want to take a look at that issue to see what affect it's really having on things. Depending on settings for zigzag, it doesn't draw all of the moves per the method from what I see.
They are also vague on whether they are looking at fractals, or swing hi/lo (and how they define swings/fractals if so). Seems like in some of the chart examples there might be some moves in there that ignored but look like they could be more than 40 pip moves. Some stuff we should prob hash out with the more experienced traders using this method I guess.
Glad to see you taking a step back and concentrating on a single method for awhile, I bet your stress level has reduced tenfold
One note already, in the doc it just simply states a minimum move of 40 pips, taking the hi/lo of that move to use as the wave. You might be getting a false start by utilizing zigzag for this. Might want to take a look at that issue to see what affect it's really having on things. Depending on settings for zigzag, it doesn't draw all of the moves per the method from what I see.
They are also vague on whether they are looking at fractals, or swing hi/lo (and how they define swings/fractals if so). Seems like in some of the chart examples there might be some moves in there that ignored but look like they could be more than 40 pip moves. Some stuff we should prob hash out with the more experienced traders using this method I guess.
Glad to see you taking a step back and concentrating on a single method for awhile, I bet your stress level has reduced tenfold
- #114
- May 11, 2010 4:38pm May 11, 2010 4:38pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Hi Steve,
You're an awesomely tireless prolific coder !!!
I've been busy with the LondonBreakout bot lately...
Can't put my efforts everywhere...
Looking at the test results definitely picks my curiosity here...
I'll be following this more closely for sure!
Sq.
- #116
- May 11, 2010 4:47pm May 11, 2010 4:47pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Steve, what can I say but wow!
Just looking at the image makes me drool. It was also interesting squinting at the chart above the results to see how the bot was picking out entries and exits so well. I will definitely be checking out the PDF etc and am looking for the bot. (However great the manual system, no human implemented set up can avoid the deadly fear / greed impluses so the bot is very interesting to me.)
Cheers
Invisible
I have had a bit of a struggle with my inability to think logically, so the trade closure has not been working properly. Also, there is a strange thingy where a fib is drawn over too-small a swing, only to be replaced within a few minutes with a bigger fib.
These niggles apart, things are going well. I also want to create some additional documentation to help newbs with basic concepts. When we understand stuff like trend, retracement, swing etc it all seems so basic, yet I remember my own bewilderment when starting out.
Also, currymonster has suggested adding trading hours so the robot can be told to trade as though it were a human trader trading his indigenous currency during his normal trading hours. This sounds like a good idea.
So, a bit more to go yet, but getting there.
- #118
- May 11, 2010 4:56pm May 11, 2010 4:56pm
Also, currymonster has suggested adding trading hours so the robot can be told to trade as though it were a human trader trading his indigenous currency during his normal trading hours. This sounds like a good idea.
I think MBKennel has some code in his HolyMackerel that does something like this. With his bot it would set the RSI to 3 when the currency was during "inactive" hours, and 4 when it was "active". You might be able to adapt his code for Epsilon. He also has a useful GMT mqh library file that helps with the times. This bot is back on the Scooby thread. I can forward it to you if like.... and if I knew your email address
.
- #119
- May 11, 2010 5:11pm May 11, 2010 5:11pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
You keep reinforcing my belief that you were sent by GOD to help us poor, ignorant, amateur traders in our battle against the evil, criminal, plonkers.
The more I am able to give, the more I get back, which enhances my ability to give, which attracts more back................................
This latest is a classic example. Miguel sent me the doc because he figured I could do something with it given my expressed interest in fib trading.
The ultimate Virtuous Circle.
- #120
- May 11, 2010 5:14pm May 11, 2010 5:14pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
I think MBKennel has some code in his HolyMackerel that does something like this. With his bot it would set the RSI to 3 when the currency was during "inactive" hours, and 4 when it was "active". You might be able to adapt his code for Epsilon. He also has a useful GMT mqh library file that helps with the times. This bot is back on the Scooby thread. I can forward it to you if like.... and if I knew your email address
Thanks for the offer, Invisible. I am a huge admirer of matts work and have copies of his stuff saved in case I need it.
Trading hours are a regular part of my robots, so adapting them to this one is the work of seconds.
Cheers