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Swing momentum trading - the robots are taking over

  • #141
  • May 20, 2010 9:57am May 20, 2010 9:57am
Quoting astral77
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...
Astral,

I assume you are referring to the swing break bot, not the swing continuation bot?

Congrats on the positive results so far!

I agree the bots have potential. I have been continuing to test both bots with different settings, but none so far that seem to be consistently rewarding.
  • #142
  • May 20, 2010 10:39am May 20, 2010 10:39am
Octo

How are you finding 2ma macd this week. Mine had a slow start then a fantastic day yesterday and again little today.

Paul
  • #143
  • May 20, 2010 11:34am May 20, 2010 11:34am
Quoting paulbt38
Octo

How are you finding 2ma macd this week. Mine had a slow start then a fantastic day yesterday and again little today.

Paul
My settings are proving to have a poor R:R ratio. I need to make some adjustments. However, I'm still in profit, so that's good.

I'm testing so many of Steve's bots my attention is fragmented.
  • #144
  • May 20, 2010 1:38pm May 20, 2010 1:38pm
Quoting octomanoak
My settings are proving to have a poor R:R ratio. I need to make some adjustments. However, I'm still in profit, so that's good.

I'm testing so many of Steve's bots my attention is fragmented.
I have binned my 0.75 ATR TP test as it suffered badly on Wednesday compared to the one at 0.5. I suspect this is just a matter of timing as the 0.5 tp one went into a couple of trades earlier (due to exiting the last one earlier and slept for 60mins). It managed to win these trades but the later entry for the 0.75tp ea went on to lose. I have launched another one with a 0.1atr tp and today it has only had 1 loss out of 8. This ea has legs its just a matter of getting the tp and sl right.

Never one to give up, and I'm sure this will come as a surprise to Steve, I reloaded one of his first BS bots this week, the Bollinger Bands BS Pure Trend trader. I decided to put this on a couple of 4hr charts (as its not multipair) and so far 8 trades 6 wins 2 losses 162 pips. I also have an open trade with a gain of 56 pips. I am using mptm with a jumping SL of 40 pips. Give it a try as I am quite happy with 200 pips per week - we shall see if it continues

  • #145
  • May 20, 2010 3:57pm May 20, 2010 3:57pm
Quoting octomanoak
Astral,

I assume you are referring to the swing break bot, not the swing continuation bot?

Congrats on the positive results so far!

I agree the bots have potential. I have been continuing to test both bots with different settings, but none so far that seem to be consistently rewarding.
Hi OCTOMAN


Yes the swing break BOT. We should congratulate STEVE, not me.

I suggest you try 4H TF with the settings mentioned. One thing that I noticed with the trades was that once they were more than 40 pips in -ve they hardly bounced back and since we are using ATR of 14 and last 2 weeks prices were very volatile the loss trades were quite large (I just had a EURUSD SL of nearly 200pips). I am experimenting with SL of 0.5 of ATR.

please let us know how you get along.

Kind Regards
P.S. due to memory issues with my VPS I have stopped 2SMA MACD but intend to resume very shortly. Please let us know your settings.
  • #146
  • May 20, 2010 11:37pm May 20, 2010 11:37pm
Quoting astral77
We should congratulate STEVE, not me.
Yes, Steve deserves great praise and infinite gratitude. He is a generous and prolific soul.

Astral, your post about your settings/results on the swing break bot gave me some ideas about settings for the swing continuation bot and mptm. I've been running a demo test with new settings for about 8 hours and the account is up nearly 10%. I think the results are not likely typical of what it will do, probably an unusually high rate of return for a day, and a good part of it was driven by strong movement in the xxxJPY pairs, but encouraging nonetheless. I will keep tracking the demo and report back if it seems to have legs on these settings.
  • #147
  • May 20, 2010 11:48pm May 20, 2010 11:48pm
Steve,

I'm testing using early closes on these bots with mptm. The approach seems profitable so far, but the bots immediately open trades on pairs that mptm just closed. I don't know yet if this will matter to overall profitability, but I wonder if adding a user-defined sleep function would be useful.
  • #148
  • May 21, 2010 12:43am May 21, 2010 12:43am
Quoting octomanoak
Steve,

I'm testing using early closes on these bots with mptm. The approach seems profitable so far, but the bots immediately open trades on pairs that mptm just closed. I don't know yet if this will matter to overall profitability, but I wonder if adding a user-defined sleep function would be useful.
Same problem with me. At the moment I stopped testing. There must be something wrong with "sleep after trade closes" function. The bots opened orders on the same pairs within a hour.

Best regards!
  • #149
  • May 21, 2010 10:33am May 21, 2010 10:33am
Tests on Swing Trend Continuation and Swing Break bots still going well with new settings. I have not tracked UPL closely, but at the times I have checked the demos, possibly because of the lack of a working sleep function, I have seen the UPL up to 10% -ve, maybe more when the bots reenter trades closed by MPTM.

STC is up to 10.5% profit in a little less than 24 hours with approximately 0.5% -ve UPL at the moment.

Swing Break is up to 6.1% profit with approximately 10% -ve UPL in the same period of time.
  • #150
  • May 21, 2010 11:06am May 21, 2010 11:06am
Quoting octomanoak
Tests on Swing Trend Continuation and Swing Break bots still going well with new settings. I have not tracked UPL closely, but at the times I have checked the demos, possibly because of the lack of a working sleep function, I have seen the UPL up to 10% -ve, maybe more when the bots reenter trades closed by MPTM.

STC is up to 10.5% profit in a little less than 24 hours with approximately 0.5% -ve UPL at the moment.

Swing Break is up to 6.1% profit with approximately 10% -ve UPL in the same period of time.
Hi OCTOMANOAK

Very impressing, what TF you are using? I will start testing the STC on H4 from monday with mptm. We need to find a way to get round of the Sleep function.

For me today the swingbreak was not working very well and had loss of $46, due to 2 big losing trades. I have changed the ATR SL to 0.5 due to the high price fluctuations of the last two weeks. We see how it does next week.

Kind Regards
  • #151
  • May 21, 2010 11:27am May 21, 2010 11:27am
Quoting astral77
Hi OCTOMANOAK

Very impressing, what TF you are using? I will start testing the STC on H4 from monday with mptm. We need to find a way to get round of the Sleep function.

For me today the swingbreak was not working very well and had loss of $46, due to 2 big losing trades. I have changed the ATR SL to 0.5 due to the high price fluctuations of the last two weeks. We see how it does next week.

Kind Regards
The following are not ideal settings and need to be tested for awhile.

STC H4
ATR period 14
ATR TF 1440
TPMult 1.5
SLMult 1.0
HTF 1440
MTF 1440
TTF 240

MPTM for STC
Manage All Pairs
BE 10 +2
JS 10 after BE

SWB H4
ATR period 14
ATR TF 1440
TPMult 1.5
SLMult 1.0
HTF 1440
TTF 240

MPTM for SWB
Manage All Pairs
BE +2
JS 20 after B

Initial Stops are all defaults by bots. Not sure yet if having MPTM set an initial stop or using shirt protection would help or not to avoid or reduce -ve UPL.

To deal with the sleep function issue, is there an EA that can monitor trades and put a pair to sleep for a specified period of time?
  • #152
  • May 21, 2010 11:51am May 21, 2010 11:51am
Quoting octomanoak
The following are not ideal settings and need to be tested for awhile...To deal with the sleep function issue, is there an EA that can monitor trades and put a pair to sleep for a specified period of time?
Thanks for your reply. I have asked SWINGMAN if he can help. If there is one out there he would know.

Kind Regards
  • #153
  • May 21, 2010 2:15pm May 21, 2010 2:15pm
I had swing break bot running without intervention for 3 weeks now. It makes a lot of pips (some 3000+pips) at one point when the market tanked but promptly gave back everything when the market reversed sharply. I didn't think too much about it but just let it run and am surprised that it is has now bagged about 1800 pips so far with big equity swing. I begin to see the strength and weakness of this EA. Strenght is in its ability to reopen trades right away when trend is strong and kept bagging in pips but as soon as the trend reversed, it start to bleed and promptly gave back the pips.

My suggestion is if the previous short trade for example was a stoploss, then EA should not open another short for say XX number of hours or until the candle of a higher timeframe like 4hr TF makes another lower low before going short again. I think this would help. http://cdn.forexfactory.com/images/icons/icon3.gif
  • #154
  • May 22, 2010 12:25pm May 22, 2010 12:25pm
Quoting BullRun
I had swing break bot running without intervention for 3 weeks now....
Good idea Bullrun.

Hopefully someone can modify the code to have a working sleep function and to add the capability you suggest.
  • #155
  • May 24, 2010 2:10am May 24, 2010 2:10am
The new settings are still doing well. Of course 2 days is too short to tell, but the chart looks good.

Highest level of -ve UPL to date 9.3%
Attached Image (click to enlarge)
Click to Enlarge Name: ZZ-STC-Bot-Results.jpg Size: 16 KB
  • #156
  • May 24, 2010 3:11am May 24, 2010 3:11am
All is fine and dandy with these when there's a nice strong trend, been getting good results myself. The real test is if it will minimize losses during a trend change and pick up the new direction fast enough.
  • #157
  • May 24, 2010 5:26pm May 24, 2010 5:26pm
Ehup guys.

Sorry not to have been around for a while. This was a combination of wanting to sort out the EM mtf fib thingy and a busy week performing on the piano.

All of my last 5 threads (KG, Scoobs, BS, this one, EM) are basically about the same thing - support and resistance.

Here is an Eternal Truth. Support/resistance levels will either hold or they will not. Nothing we are trying to do in any of my last three threads is about predicting market movement; it is all about following market movement. In a down trend, identify the retrace, sell and close out at the next significant supprt.

Answering the host of questions raised by this last paragraph is what these threads are all about.

Keep up the great work, guys. I cannot even begin to demo all the robots I have written. Somewhere, somehow, soon we will arrive at a trading method/robot that has long-term legs.

Success is inevitable. We are all learning far too much to fail.

  • #158
  • May 25, 2010 7:18am May 25, 2010 7:18am
Can someone hog tie Mr Hopwood. I have so many EAs running that my CPU is cooking!! He is so prolific it is hard to test all of his great work. I plan to work on the latest EA - Super Signal - and try and get some consistent results. Perhaps if we all pick one or even two EAs and test thoroughly, between us we can find Steve's holy grail.

I posted my first day's trading summary in Steve's Epsilon thread - I had 10 trades for 10 winners over an 8 hour period which was very encouraging. Today, my computer took an unscheduled 'rest' (which did nothing for my EA testing, or God forbid, my architectural practice. I no longer have a drawing board as its all CAD, so without a computer, I'm knackered!!) Since I got the monster running again, there have been no SS trades at all.

It seems that in periods of long unrelenting trends such as todays melt down of the Euro, the SS is not great. Not losing trades but just not trading. It needs decent retracements to fire the trades. Tomorrow is another day!!

Karl
  • #159
  • May 25, 2010 8:59am May 25, 2010 8:59am
I noticed something a few minutes ago. A new candle formed and then a Strong Sell signal appeared above the previous candle.

It looks as though it is possible to miss a signal if CandleShift = 1; later on, I will add a 3 second sleep at the start of each new candle to deal with this possiblilty.

  • #160
  • May 25, 2010 12:13pm May 25, 2010 12:13pm
Quoting octomanoak
The new settings are still doing well. Of course 2 days is too short to tell, but the chart looks good.

Highest level of -ve UPL to date 9.3%
Those are some good results. Can I get your fxbook so I can track your progress?

Thanks
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