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Swing momentum trading - the robots are taking over

  • #121
  • May 11, 2010 5:18pm May 11, 2010 5:18pm
For those of you experimenting with manually trading this method (and you really should be if you are interested in the robot) the attached scripts will place the trades for you when dragged onto a chart.

The stop loss is set for 5 digit wally-plonker-crims. The scripts will automatically adjust for 4 digit crims.

Attached File(s)
File Type: mq4 Market long by Steve.mq4   2 KB | 465 downloads
File Type: mq4 Market short by Steve.mq4   2 KB | 398 downloads
  • #122
  • May 11, 2010 5:30pm May 11, 2010 5:30pm
So since I guess it was ignored earlier, are you using default settings for the zigzag indicator for your swing move identification?
After spending some time going through some charts, this is a big variable that needs attention.
Wouldn't mind knowing what you are beginning with for the ea code for this, as it's not really discussed in the pdf what determines a hi and low of a 'move' of 40 pips or more. Zigzag draws some based on default settings, fractals would draw something different, zigzag with altered settings would draw something different again.
wouldn't mind having a fixed starting point in which to start analyzing correctly.
  • #123
  • May 11, 2010 5:31pm May 11, 2010 5:31pm
Quoting SteveHopwood
For those of you experimenting with manually trading this method (and you really should be if you are interested in the robot) the attached scripts will place the trades for you when dragged onto a chart.

The stop loss is set for 5 digit wally-plonker-crims. The scripts will automatically adjust for 4 digit crims.

Great Stuff Steve.......Just finished the pdf and have the Cable and the Guppy set up on 2 4 hour charts.......I'll try out your scripts.

whip

P.S. template works great!
  • #124
  • May 11, 2010 5:56pm May 11, 2010 5:56pm
Quoting tazmaan
So since I guess it was ignored earlier, are you using default settings for the zigzag indicator for your swing move identification?
After spending some time going through some charts, this is a big variable that needs attention.
Wouldn't mind knowing what you are beginning with for the ea code for this, as it's not really discussed in the pdf what determines a hi and low of a 'move' of 40 pips or more....
Yep. zz defaults. It seems good at spotting major swings and ignoring the 'noise' that fractals takes note of.

  • #125
  • May 11, 2010 6:36pm May 11, 2010 6:36pm
Ok thanks steve, that'll help in the analysis
I have also been looking at mtf fractals, set to m15 and using those points to draw the zig's. I'll compare the two
  • #126
  • May 11, 2010 6:54pm May 11, 2010 6:54pm
Quoting tazmaan
Ok thanks steve, that'll help in the analysis
I have also been looking at mtf fractals, set to m15 and using those points to draw the zig's. I'll compare the two
Sounds like a plan to me. Cheers.

Incidentally, guys, sorry but the scripts I posted earlier are not the ones I am using to trade this system live, manually. Those attached here are. The earlier ones do the job, but are over-complicated.

Trouble is I have so many scripts called MarketLong, or FibMarketLong, or PendingMarketLong, or any of the former followed by all sorts of suffixes and preceeded by all sorts of prefixes, that I often mix up which is supposed to do what.

There is even one called, "For crying out bloody loud just place the blasted order ok". Must have been in a bit of a moody when I adapted that one.
Attached File(s)
File Type: mq4 Market Long.mq4   2 KB | 407 downloads
File Type: mq4 Market Short.mq4   2 KB | 382 downloads
  • #127
  • May 11, 2010 11:04pm May 11, 2010 11:04pm
Hey Steve,

I commend you on the evolution of this EA. Fibs are a solid trading tool that I have been manually trading multiple markets with for some time. I find it really profitable to add more lots at the tip of a retrace, usually around 50% or 61% (which is normally my entry point in a hard moving market to catch a trend). Also because it makes the market a little more predictable, you can time large hedges well to break even open losses fast. Might be some good addition ideas for you

As this is my favorite manual strategy I am super excited to test this baby out!!

Cheers!
  • #128
  • May 11, 2010 11:17pm May 11, 2010 11:17pm
Congrats Steve, our full time coding genius.

Im away for 2 weeks, I hope you're all rich on my return.

Happy trading
  • #129
  • May 12, 2010 12:10am May 12, 2010 12:10am
Quoting SteveHopwood
Ok folks, there is a reason I have been so quiet these last few days.

In the meantime, have fun.
Ah - more reading and some toys to play with.
Awesome Steve.
Will get into it.

cheers scalpz
Target 2 : Stoploss in the green
  • #130
  • May 12, 2010 2:04am May 12, 2010 2:04am
Quoting SteveHopwood
I know the feeling.


You are a member of the group I have been sending the robot to via email. Have you been receiving it? If not, let me know, add my email addy to your spam filter allow list and I will resend it.



i got it Steve, and i apreciate being part of your "beta-tester group", eventhough i haven't picked up on it yet...
i just couldn't focus on it right now...
I'll dig into it soon, you can be sure.

Sq.
  • #131
  • May 12, 2010 4:39am May 12, 2010 4:39am
Hi Steve, I've only been back on board since Sunday and how things have moved in a week. I am in the process of trying to manually trade the QL strategy, but it certainly is taking a lot of reading and understanding. I have managed a couple of successful trades but it could have been luck more than anything !!

I look forward to your robot with bated breath.

Incidentally, I fired up the 2ma macd on my return and am still having good results using it on the 4hr and 1 day time frames.

Many thanks once again for all yours, and others hard work.
  • #132
  • May 12, 2010 10:08am May 12, 2010 10:08am
Quoting rfking2
Hey Steve,

I commend you on the evolution of this EA. Fibs are a solid trading tool that I have been manually trading multiple markets with for some time. I find it really profitable to add more lots at the tip of a retrace, usually around 50% or 61% (which is normally my entry point in a hard moving market to catch a trend). Also because it makes the market a little more predictable, you can time large hedges well to break even open losses fast. Might be some good addition ideas for you
Epsilon Megastar's Twin Planet will send pending trades at the 50 and 61, in the direction of the trend. I am a fan of hedging, and would love you to post your method.

Just so everyone knows. EM is running live on my $450 IBFX account. It has not been on long, so there is no great action to report. If all goes smoothly for 24 hours, I shall release here.

  • #133
  • May 12, 2010 12:31pm May 12, 2010 12:31pm
Quoting SteveHopwood
Yep. zz defaults. It seems good at spotting major swings and ignoring the 'noise' that fractals takes note of.

Hi Steve,

which zigzag indi do you recommend? In the meantime there are so many zigzag indis in the thread. Thank you very much again for your efforts and especially for sharing your stuff!

Best regards!
  • #134
  • May 12, 2010 1:03pm May 12, 2010 1:03pm
Quoting Meister81
Hi Steve,

which zigzag indi do you recommend? In the meantime there are so many zigzag indis in the thread. Thank you very much again for your efforts and especially for sharing your stuff!

Best regards!
The one that ships with mt4, called ZigZag.

  • #135
  • May 12, 2010 1:46pm May 12, 2010 1:46pm
Epsilon Megastar is born.

Ok, I know I said I would wait 24 hours, but it is up, running and opening and closing trades properly. I have opened a new thread for it.

http://www.forexfactory.com/showthre...50#post3719150

Have fun.

  • #136
  • May 12, 2010 2:35pm May 12, 2010 2:35pm
Quoting SteveHopwood
Epsilon Megastar's Twin Planet will send pending trades at the 50 and 61, in the direction of the trend. I am a fan of hedging, and would love you to post your method.
I like how well refined and simple ICWR is. The beyond 75/25 entry, and waves of a certain size are simple solutions to problems that I over complicate with more and more indies. The 1,344% equity gain in 2 days you had in that pic is impressive too.

Using fig 1.14 in the PDF as my example using one lot at a time. If you follow ICWR you profit 237 pips. If you simply add another lot every signal you profit A/B with 1 lot, C/D with 2 lots, E/F with 3 lots, G/H 4 lots, I/J 5 lots. Then exit all at H, and even though I/J almost fully retraced you still profit exponentially more then just one lot all the way threw.

When hedging it is best to add them at the fib retract to avoid the horrid retrace. I like to add them in waves so if it does retrace right after I hedge, I don't have too much on the line yet. Which reminds me, I had problems with the hedgeincrementpips value in MPMT.

Hope this helps. My palms are sweaty in anticipation for Epsilon Megastar's Twin Planet

You posted it while I was typing lol. I will get on this immediately.

Thanks Steve.
  • #137
  • May 15, 2010 5:00am May 15, 2010 5:00am
Hi folks,

is somebody using STC EA? Any results so far? Last week I had problems with my internet so I couldnīt run a second test.

P.S.@ Steve: There must be something wrong with "sleep after trade closes" function of STC Ea. The week before last it opened 3 sells of Gbpjpy in one hour. Could you have a look, please? Thank you!

Best regards!
  • #138
  • May 19, 2010 7:45pm May 19, 2010 7:45pm
Come on people, what is happening here? Steve has put in a lot of hard work and what are we contributing. I know everyone is very much excited by Epsilon development, but what about the other sound trading systems / strategies that were automated by steve. Are we not even going to bother to test them to see where their strengths and weaknesses are?

I have been LIVE testing the zigzag swing since 10th of May. Results speak for themselves (see attached xls file).

Steve, despite the crazy nature of the markets, last 10 days this bot has behaved quite well, we shall wait and see if it is consistent. By the way why you prefer zigzag indicator instead of zigzagme.

Kind Regards
Attached File(s)
File Type: xls ZIGZAG10mayto20MAY.xls   57 KB | 403 downloads
  • #139
  • May 19, 2010 7:56pm May 19, 2010 7:56pm
Wow you are scalping with it. I like the zigbot but maybe my BE was set too high because I had to hedge a lot. What are you settings?
  • #140
  • May 20, 2010 5:08am May 20, 2010 5:08am
Quoting rfking2
Wow you are scalping with it. I like the zigbot but maybe my BE was set too high because I had to hedge a lot. What are you settings?
I am not scalping, just running mptm with setting of BE to 10 pips when the trade is up by 20 pips. That is why you see so many 10 pip trades. Using 4H TF the settings are default with adjustments for ATR and Trading TF.
ATR 14
ATR TF 1440
ATR TP 1.5
ATR SL 1.00
Trading TF 240
Higher TF 1440

There is so much potential with these BOTs, it`s just the fact that right setting should be found. These particular results may be just temporary and there may be better settings, however, if we do not test different combinations we would never know.

Kind regards
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