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A Simple London Breakout

  • #661
  • May 11, 2010 8:50pm May 11, 2010 8:50pm
Sq, Mer and others,

My set-up includes what Mer explained us in the firth post + leaving trade alive + MM as I stated it (I also have Mer MM) + as many trades as it can until 23pm each day whether on bounce or on breakout.

So far, on a SINGLE pair, I do not have any satisfactory results unless I start with an account size of 20k, risk loosing almost 10k to finally have a total benefit of 700$ from Jan till now.

Mer, is there anything else to your strategy, that you would think of or do, and that was so normal that you didn't explain ? Do you think that trading simultaneously multiple pairs even out the bad days of others ?

I will investigate number trades / session, nb loosing trades / session, taking only bounce, only breakout, both, max loss/day and so on, and let everyone know.

Thx.
  • #662
  • May 11, 2010 9:10pm May 11, 2010 9:10pm
I do not have such messages.
just only

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

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.
  • #663
  • May 12, 2010 1:30am May 12, 2010 1:30am
Quoting stace
I do not have such messages.
just only

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

RRRrrrrrrrrrrr..........
i think i got the bad "bug" down....

i "forgot" to put back a change i made for unit testing.
That keeps happening, eventhough i always use my favorite compare/merge tool before releasing.
This time there just was too many "detail changes" for me to spot that little one.

So here it is:

the "objPrefix" input default value has turned into "LD-" where it should be "LB-" as it always was...

Please set it back to "LB-" in the EA.

This little "detail"" is capital to make the EA grab the correct set of input values exported by the Indicator (which uses "LB-" default prefix).

Can you try that ?

Now that we are talking about this "small detail of importance":
you can use that capability to actually run the EA on the SAME pair with DIFFERENT Indicator settings.
You should ALSO use DIFFERENT "MagicNumber"s on both EAs so they don't "interact".
Setting up the Indicator AND the EA with the SAME objPrefix and MagicNumber gives you a "trading profile".

Now you can setup multiple "trading profiles" by changing the objPrefix on BOTH the indicator AND the EA.
Just save each "trading profile" as a "set" with MT4, so you can easily reload this "set" that i'm calling a "profile" here.

Then you can load one set on ane chart, and another set on another chart of the same pair, and both EAs will use their "private profile" without interferring with the one another.

I do actually use that on my side (hence the omission before releasing)....

If that solves your problems then i will release this fix ASAP.
(with an additional assert check so you won't run into that one again without knowing why...)

Sq.
  • #664
  • May 12, 2010 1:41am May 12, 2010 1:41am
Yep, that fixed it, Cheers Squal
  • #665
  • May 12, 2010 1:51am May 12, 2010 1:51am
Quoting xmph
Sq, Mer and others,

My set-up includes what Mer explained us in the firth post + leaving trade alive + MM as I stated it (I also have Mer MM) + as many trades as it can until 23pm each day whether on bounce or on breakout.

So far, on a SINGLE pair, I do not have any satisfactory results unless I start with an account size of 20k, risk loosing almost 10k to finally have a total benefit of 700$ from Jan till now.

Mer, is there anything else to your strategy, that you would think of or do, and that was so normal that you didn't explain ? Do you...

My impression is that you MUST use it on MULTIPLE pairs if you want to counter the losses on a given pair.

I have the feeling also that trading "triangular pairs" will give better results in that area:
using GU, EU and EG triangle together will make trending pairs counter losses on the side-ways ones of the triangle.
Now you need to play with the settings to find a good TP level for each triangle that will give higher wins to counter the losses on other pairs.
Setting a higher TP as Mer suggested with his new settings is the way to go i think.
I haven't analysed that into details yet, so it's just a "feeling" for now.

Sq.
  • #666
  • May 12, 2010 1:57am May 12, 2010 1:57am
Okay here are the charts for Tuesday. 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

No trade

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: 101 KB
Click to Enlarge Name: gbpusd new.jpg Size: 96 KB
  • #667
  • May 12, 2010 2:04am May 12, 2010 2:04am
Usd/Chf

 Trade 1= -75 pips

Next valid entry will use a multiplier of 5.

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

Gbp/Chf

Trade 1= -105 pips (open trade from Monday)
Trade 2= -75 pips
Trade 3= -375 pips (-75 x 5)
Trade 4= +975 (+75 x 13)

+420 pips for the day
No open trades at this time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf new.jpg Size: 102 KB
Click to Enlarge Name: gbpchf new.jpg Size: 139 KB
  • #668
  • May 12, 2010 2:05am May 12, 2010 2:05am
Quoting SteveHopwood
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.
It still has the famous "Trading disabled by the criminal pillock. Please wait for him to get out of bed." message, so we all know who it comes from


Quote
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.
i am respectful of your work, that's why i'll keep its name here.
Unless you insist. After all, you gave birth to this baby...

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

You made this happen, so thank YOU again for that.

Sq
  • #669
  • May 12, 2010 2:06am May 12, 2010 2:06am
Usd/Jpy

 Good Box but no trade was initiated

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: 97 KB
Click to Enlarge Name: eurjpy new.jpg Size: 87 KB
Click to Enlarge Name: gbpjpy new.jpg Size: 104 KB
  • #670
  • May 12, 2010 2:11am May 12, 2010 2:11am
Quoting squalou
It still has the famous "Trading disabled by the criminal pillock. Please wait for him to get out of bed." message, so we all know who it comes from


i am respectful of your work, that's why i'll keep its name here.
Unless you insist. After all, you gave birth to this baby...

You made this happen, so thank YOU again for that.

Sq
Could someone help me, I'm tried to use "Steve Hopwood's London session breakout auto-trading robotV3.0" but the robot has been suspended, request to change a magic number, how to fix it?
  • #671
  • May 12, 2010 2:24am May 12, 2010 2:24am
Quoting squalou
RRRrrrrrrrrrrr..........
i think i got the bad "bug" down....


the "objPrefix" input default value has turned into "LD-" where it should be "LB-" as it always was...

Please set it back to "LB-" in the EA.



Sq.
Nice work on all this Sq....

I checked mine for that error and it was fine but I keep getting this message shown in pic below....

Any Ideas???
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdfinishederror.png Size: 30 KB
  • #672
  • May 12, 2010 2:47am May 12, 2010 2:47am
Quoting cyberk
Could someone help me, I'm tried to use "Steve Hopwood's London session breakout auto-trading robotV3.0" but the robot has been suspended, request to change a magic number, how to fix it?
Remove the ea from the chart.

Drag it back onto the chart.

When the ea inputs box opens up, double click on the existing magic number and replace it with any number of your choice, make sure other settings are to your liking, ie lot size, then click OK.
  • #673
  • May 12, 2010 4:37am May 12, 2010 4:37am
i think there is a problem in box size.. each pair has different own range <=> different "box-OK" size.. imo could be ATR factor.. need to find optimal box (x% of ATR) not only MAX allowed box size but also MIN allowed...
  • #674
  • May 12, 2010 6:39am May 12, 2010 6:39am
hello,

pls i still have issues with the timing on brokers platform and my location time.

am i to change the time to reflect the broker's time or the time in my area.

my broker is liteforex.org and i live in Nigeria which is +1GMT....right now the time on liteforex is 14:15 while Nigeria time(+1GMT) is 12:15


which of these should i use for the EA?
The World As It Is Can Do With Your Positive Disposition
  • #675
  • May 12, 2010 8:49am May 12, 2010 8:49am
Quoting rjlacha
Nice work on all this Sq....

I checked mine for that error and it was fine but I keep getting this message shown in pic below....

Any Ideas???
Woke up this morning and it was trading fine. I was only running V8 of the indicator so that may have been the reason why it was giving me the "Done for the day" message at 8 am London time. There were some changes made in V9 on the times... I have updated to V9 now so we will see how it goes today.
  • #676
  • May 12, 2010 9:57am May 12, 2010 9:57am
Hey there Sq... I'm still having difficulties getting a readout (display) for any Monday activity over here with the Indi V9. The indicator works flawlessy TUESDAY thru FRIDAY, but I get no indication for MONDAY. I'm located in the Eastern US, so I have set my Start Time to 22:00 and my End Time to 01:00, which is probably the cause of the situation.

Please take a look at the attached screen shot where you can see nothing displayed for Monday, and the settings I have in place for the indicator.

Any advice? Thanks very much,

Ed
Attached Image (click to enlarge)
Click to Enlarge Name: SIMPLE.PNG Size: 153 KB
  • #677
  • May 12, 2010 10:54am May 12, 2010 10:54am
Quoting enewbold
Hey there Sq... I'm still having difficulties getting a readout (display) for any Monday activity over here with the Indi V9. The indicator works flawlessy TUESDAY thru FRIDAY, but I get no indication for MONDAY. I'm located in the Eastern US, so I have set my Start Time to 22:00 and my End Time to 01:00, which is probably the cause of the situation.

Please take a look at the attached screen shot where you can see nothing displayed for Monday, and the settings I have in place for the indicator.

Any advice? Thanks very much,

Ed
hi

please use London BreakoutV9.1.mq4: "monday-morning fix"
in post #642; V9 still has this issue.
http://www.forexfactory.com/showpost...&postcount=642

Sq.
  • #678
  • May 12, 2010 11:28am May 12, 2010 11:28am
Sq,

You did already touch on this point a couple of days ago, just wondered if you had any more thoughts on it.

There seems to be a bit of a reversal going on at the moment on a few pairs, but I am speaking in particular about the EUR USD. We have a situation where a buy order has reached its TP and closed out. Price then starts to drop away and as soon as it hits the original buy in price, the ea re-enters another buy order.

This is despite what must be considered a good chance of a full price reversal.

Do you beleive it would be a good idea to only enter pending buy & sell orders when price retraces back to within the blue box area rather than at the moment price drops through the original buy point. This would give us a bit of a buffer. In doing this, the buy order will only be triggered should price rally back up through the buffer back to the buy point from within the blue box area, indicating a trade hopefully more likely to be in the right direction.

This will avoid buying in the face of a reversal and watching it go straight on through to SL.
  • #679
  • May 12, 2010 12:01pm May 12, 2010 12:01pm
Quoting squalou
hi

please use London BreakoutV9.1.mq4: "monday-morning fix"
in post #642; V9 still has this issue.
http://www.forexfactory.com/showpost...&postcount=642

Sq.
Duh... thanks for the quick reply. I should have caught that one myself! Sorry for bothering you, but thanks again.

Ed
  • #680
  • May 12, 2010 2:01pm May 12, 2010 2:01pm
Quoting enewbold
Hey there Sq... I'm still having difficulties getting a readout (display) for any Monday activity over here with the Indi V9. The indicator works flawlessy TUESDAY thru FRIDAY, but I get no indication for MONDAY. I'm located in the Eastern US, so I have set my Start Time to 22:00 and my End Time to 01:00, which is probably the cause of the situation.

Please take a look at the attached screen shot where you can see nothing displayed for Monday, and the settings I have in place for the indicator.

Any advice? Thanks very much,

Ed
Hey Sq....Not a big deal but wanted to point out all the Zero's in the prices...You can see them in the picture Enewbold posted...maybe a minor fix in the next update...
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