Steve Hopwood's Epsilon Megastar fib auto-trading robot

Quoting Invisible

Disliked

I second Dryclean with the FXDD: Poor results with their demo. Both original and early entries, and tried with and without MPTM, but after an initial spurt at the start of the week, the EA has been draining the play $ out of the account.

The settings seem to be crucial. Since this is not a scalper, you would think that the broker would not affect performance so much, but then you never know when crims are involved.

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Quoting scooby-doo

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One think I noticed by looking at the code is that it is using RSI to get the trend.

Personally I would use a simple moving average to get the trend.

if MA5 > MA200 then trend is UP
if MA5 < MA200 then trend is DOWN.

But I dont want to hijack the project.

IF you want to use RSI for trend direction then you need to set it high i.e. 21

Scoobs.

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Quoting fxdrive

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Inserted Code

         ObjectSetFiboDescription(FiboName, 0, "High(100)"+ "  %$");

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Quoting scooby-doo

Disliked

1. Open up 3 GBPJPY charts.
2. Attach EA to chart 1 and set the RSI period to 7
3. Attach EA to chart 2 and set the RSI period to 14
4. Attach EA to chart 3 and set the RSI period to 21
5. Compare results.

Scoobs.

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Quoting dryclean

Disliked

Hit basket T/P 7 times in the last 3 hrs
Have it set to 2% I have 12 pairs running

The basket closes for profit and fills right back up again..
Am I leaving pips on the table with the early close YES
But I'm not seeing giant profits go to losses. Will play around with the % but 2% 3 or 4 times a day is fine by me

trades $

EURUSD 14 -$30.20
GBPJPY 7 $129.23
EURJPY 5 -$139.63
[font=Calibri]GBPUSD...

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Quote

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But outside of that I have had to add a variable that makes the bot initial entry use original, then waits until the bar retraces pivot then confirmation before placing each early entry scale in. This makes for far fewer trades but even fewer losses.

Quoting scooby-doo

Disliked

You are going to see some big changes in the FOREX world.

The ECB and others have taking steps to prevent short selling of the EURO using their financial clout.

Most of the big hedge funds are based in the city of London which means the GBP will get hit also.

You would have seen the effect today.

What does all this mean, well it means that previous methods or strategies are not going to work as they once did as the ECB will now directly intervene like the BOJ does when they need to with no warnings!!!!!!

Germany have already banned short selling...

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Quoting Invisible

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If you do have a modified version, I'm sure we would all be interested in seeing it.

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if (OpenTradesTotal < 1) TradeOriginalStrategy();


static int WuckingFait;
WuckingFait = 0;
if (Ask < FibUpperRetrace && Bid > FibLowerRetrace) WuckingFait = 1;
   
if (WuckingFait == 1 && SendTrade && !ShowAlertNotSendTrade) SendSingleTrade(OP_BUY, TradeComment, lot, Ask, stop, 0);
if (WuckingFait == 1 && SendTrade && !ShowAlertNotSendTrade) Alert(Symbol(), "Early Buy");
if (WuckingFait == 1 && SendTrade && !ShowAlertNotSendTrade) WuckingFait = 0;
   
if (WuckingFait == 1 && SendTrade && !ShowAlertNotSendTrade) SendSingleTrade(OP_SELL, TradeComment, lot, Ask, stop, 0);
if (WuckingFait == 1 && SendTrade && !ShowAlertNotSendTrade) Alert(Symbol(), "Early Sell");
if (WuckingFait == 1 && SendTrade && !ShowAlertNotSendTrade) WuckingFait = 0;
   
   
if (OpenTradesTotal >0) TradeEarlierEntryStrategy();

Alert(Symbol(), "Classic Buy");
Alert(Symbol(), "Classic Sell");