Swing momentum trading - the robots are taking over | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Swing high / Swing low indictator+alert? 20 replies

Trading Swing by Swing 39 replies

Bad Robots - The Swing n' Miss approach to learning Forex 5 replies

Swing highs and swing lows 3 replies

swing high/swing low indicator and volume tic history 13 replies

Attachments: Swing momentum trading - the robots are taking over
Exit Attachments

Swing momentum trading - the robots are taking over

  • #161
  • May 25, 2010 12:46pm May 25, 2010 12:46pm
Quoting rfking2
Those are some good results. Can I get your fxbook so I can track your progress?

Thanks
Unfortunately, because I cannot control trade re-entry on STC bot after closing a position with MPTM, the results now look quite poor (and I discontinued the demo). I suspect that a sleep function might make it work better.

On the other hand, I have been surprised that the Swing Break bot has continued to do well, even though the -ve UPL has been as high as about 25%. You can see from the pic below. As for sharing the fxbook, PM me about that.
Attached Image (click to enlarge)
Click to Enlarge Name: ZZ-Swing-break-Bot.jpg Size: 17 KB
  • #162
  • May 25, 2010 4:39pm May 25, 2010 4:39pm
I have added a 3 second sleep to SS when traders are using CandleShift = 1, to overcome the problem I described earlier.

Download from post 1.

  • #163
  • May 25, 2010 9:09pm May 25, 2010 9:09pm
I noticed many of us are trying out different ATR TP stops. Since each day in the market is different why not make it more dynamic? Dynamic in the way of:

Use ADR instead of ATR. So ADR minus difference between today's high and low and that lets use know how many more pips are probably availabe for the bagging. And just do a value slightly less than that difference to guarantee more successful exits.

Subsequently, using the above method but make the TP even more conservative we can do: ADR minus difference between today's high and low. Then take half of that difference and let the Hull MA handle the exit. So in a long example, if the TP is hit and the current price is above the Hull MA to use the Hull MA as the exit. The exit could be when the close or open of current candle crosses the other side of the Hull.
  • #164
  • May 25, 2010 10:02pm May 25, 2010 10:02pm
I watched some nice trades on SS today almost reach the 100 pip TP (default) but not quite make it before retracing. Look at the attached chart - a typical example. I then applied some fibs and thought that we might get better TPs from using the fibs. This is a manual application but I like to keep a watch on EAs so its no big deal. The AU trade retraced to the 38.2 fib and I have now got my TP set at 138.2 to see what will happen. I set the fib from the last major swing.
Just an idea!!

Have a good one all - and thanks again to Steve. This EA is looking better all the time. 6 trades so far today - 2 reached the 100 TP - $82 profit - 4 trades still open with a profit carried of over $50. This is great as we are using .04 lots!! Think what that is trading 1 lot!! Wow!!

Karl
Attached Image (click to enlarge)
Click to Enlarge Name: ss 25may10.gif Size: 42 KB
  • #165
  • May 25, 2010 11:30pm May 25, 2010 11:30pm
I was running the STR with mpmt. Was geting continuous error code 130s. Not sure if it was the mptm or the robot but it was saying how it couldn't set the SL to breakeven so it was probably the mptm. However my issue now is that it says "Trading disabled by the criminal pillock". How do I fix this?
  • #166
  • May 26, 2010 2:22am May 26, 2010 2:22am
Quoting obnoxious2
I was running the STR with mpmt. Was geting continuous error code 130s. Not sure if it was the mptm or the robot but it was saying how it couldn't set the SL to breakeven so it was probably the mptm.
Error 130 is 'invalid stops' and is usually caused by trying to set a stop/tp too close to the market for the criminal to accept.

Quote
However my issue now is that it says "Trading disabled by the criminal pillock". How do I fix this?
Adjust your stop settings, close down and restart your platform.

  • #167
  • May 26, 2010 2:25am May 26, 2010 2:25am
Steve

Not sure if I have picked this up right, but I set up SS last night. This morning it took its first trade which has turned out well. HOwever reading the manual it suggests that the ea waits for a strong signal in the direction of the trend. As you can see from the attached screenshot the strong signal is a buy yet the trend is down. Anyway ea placed a sell which so far has turned out to be the correct thing.

Paul
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.JPG Size: 131 KB
  • #168
  • May 26, 2010 2:26am May 26, 2010 2:26am
Quoting scartree
I watched some nice trades on SS today almost reach the 100 pip TP (default) but not quite make it before retracing. Look at the attached chart - a typical example. I then applied some fibs and thought that we might get better TPs from using the fibs. This is a manual application but I like to keep a watch on EAs so its no big deal. The AU trade retraced to the 38.2 fib and I have now got my TP set at 138.2 to see what will happen. I set the fib from the last major swing.
Just an idea!!

Have a good one all - and thanks again to Steve. This EA is...
This looks like a good way forward and addresses the 'dynamic' tp idea posited by ob2.

This would be relatively easy to code, so would you like to play with it for a few days to decide what is best and I will code it in?

  • #169
  • May 26, 2010 2:31am May 26, 2010 2:31am
Quoting paulbt38
Steve

Not sure if I have picked this up right, but I set up SS last night. This morning it took its first trade which has turned out well. HOwever reading the manual it suggests that the ea waits for a strong signal in the direction of the trend. As you can see from the attached screenshot the strong signal is a buy yet the trend is down. Anyway ea placed a sell which so far has turned out to be the correct thing.

Paul
Add the indi to the chart. A pound gets you a penny that it will show a strong buy signal at the bottom of the latest swing low. If the indi generates one of these, that is what the robot will tell you.

  • #170
  • May 26, 2010 2:37am May 26, 2010 2:37am
Hi Steve,

there must be something wrong with "sleep after trade closes" function of STC and zigzag EA. It opened 3 sells of Gbpjpy in one hour. Could you have a look, please? Thank you very much!

Best regards!
  • #171
  • May 26, 2010 7:16am May 26, 2010 7:16am
Quoting Meister81
Hi Steve,

there must be something wrong with "sleep after trade closes" function of STC and zigzag EA. It opened 3 sells of Gbpjpy in one hour. Could you have a look, please? Thank you very much!

Best regards!
I was supposed to do something about this ages ago.

See if the attached does the trick. Sing out if not.

Attached File(s)
File Type: mq4 Steve Hopwood's ZigZag Swing Break auto-trading robot.mq4   28 KB | 612 downloads
File Type: mq4 Steve Hopwood's Swing Trend Continuation auto-trading robot.mq4   27 KB | 556 downloads
  • #172
  • May 26, 2010 8:16am May 26, 2010 8:16am
That trade where I set the TP at the fib did not play out as scripted!! I gues fibs work unless they don't work. I will certainly try again. I am a fan of this EA. Of 21 trades in 2 separate days of trading, from 9 pairs trading M15 TFs, there have been 21 trades for only 2 losses and these were because I closed all to shut down the platform (I need the CPU capacity as I trade futures and NY opens shortly!! My poor old computer is working overtime at the moment thanks to all of Steve's Eas to test! Many of the trades I have stopped out for various reasons, trying different things. The point is that the EA has proven profitable with relatively small DD.

Using default settings including lot size, there has been a profit generated of $217 from the 2 sessions. My demo account is $5000 but to trade .04 lots, it would not have to be that large. I attach a shot of the results. It may be that this has been a good period for this bot as there have been mostly down trends and hence most trades have been short. The next few days will surely tell the tale.

Karl
Attached Image (click to enlarge)
Click to Enlarge Name: SS results 26May10.gif Size: 93 KB
  • #173
  • May 26, 2010 10:22am May 26, 2010 10:22am
Quoting scartree
That trade where I set the TP at the fib did not play out as scripted!! I gues fibs work unless they don't work. I will certainly try again. I am a fan of this EA. Of 21 trades in 2 separate days of trading, from 9 pairs trading M15 TFs, there have been 21 trades for only 2 losses and these were because I closed all to shut down the platform (I need the CPU capacity as I trade futures and NY opens shortly!! My poor old computer is working overtime at the moment thanks to all of Steve's Eas to test! Many of the trades I have stopped out for various...
Interesting, I am using fxopen demo account and I have only had losing trades since yesterday.

It seems this is putting in all the wrong entries? I must have something mixed up.
We are our own best indicator.
  • #174
  • May 26, 2010 11:03am May 26, 2010 11:03am
Quoting bluemele
Interesting, I am using fxopen demo account and I have only had losing trades since yesterday.

It seems this is putting in all the wrong entries? I must have something mixed up.
I have had mostly winning trades on ibfx, but losing overall. I need to modify my mptm be and js settings to see if I can capture more profit per trade to offset the stop losses on the losing trades.

I think using an atr-based TP and SL might be a good addition to the robot if/when Steve has some time and/or interest to do so.
  • #175
  • May 26, 2010 11:07am May 26, 2010 11:07am
Quoting SteveHopwood
I was supposed to do something about this ages ago.

See if the attached does the trick. Sing out if not.

Thank you Steve!!

Now I can re-test STC bot to see how it will do.

My tests of swing break bot (without the sleep fix) have actually been doing well so far. There is some -ve UPL to live with until trades move to profit. I need to refine my mptm settings and atr tp and sl settings to see if I can reduce the -ve UPL and reduce the risk of hitting a big stop loss. Although there have been no losing trades since I set the demo up on May 20.
  • #176
  • May 26, 2010 1:09pm May 26, 2010 1:09pm
Quoting bluemele
Interesting, I am using fxopen demo account and I have only had losing trades since yesterday.

It seems this is putting in all the wrong entries? I must have something mixed up.
Quoting octomanoak
I have had mostly winning trades on ibfx, but losing overall. I need to modify my mptm be and js settings to see if I can capture more profit per trade to offset the stop losses on the losing trades.

I think using an atr-based TP and SL might be a good addition to the robot if/when Steve has some time and/or interest to do so.
I'm using IBFX too and it seems that with the default settings. It will often not reach the TP and SL but instead ranges for a long while before it makes a move. Not to mention I thought no trades was suppose to take place after 12pm EST time or something of that sort? I've tried fiddling with the trading times since its broken down into two 12 hr periods but could someone help me set it so that positions can only be opened between 6:00-14:00 GMT? (I want to avoid the asian session since the volume is ridiculously low)

But going back to the TP, another idea came to mind after carefully rereading the pdf multiple times. In the top where it explains how the swingbreak bot works it said:

"When the price breaks the swing high, the robot will take the underlying market

momentum to be upwards, and will look to trade long after a lower time frame swing
low. It will continue to regard the momentum as up until the price breaks a htf swing

low."

The idea is why not TP when the momentum is lost? So after the swing low in the lower time frame and we're in a long position, when the price breaks the htf swing low on the htf, we TP regardless of how many pips its made or hasn't made?

This may be another idea for a completely different bot but could we close out a position as soon as an opposite directioned fractal formed? So if were short as soon as the next fractal formed we would close out our current position and take the long position. The only issue would be that from the first few posts in this thread that fractals seem to lag. But I could see it as a continuous pip making machine that picks up anywhere from 10-40 pips at a time. The "make money slowly" concept.

Just spewing out more ideas. Let me know if it is stupid and you want me to shutup.
  • #177
  • May 26, 2010 1:48pm May 26, 2010 1:48pm
Hi Steve,
Heavy rain and storms here today so I have some time to look at the charts. I've been trading the Super_Signal Indi with mptm the last couple of nights while I'm watching the ball game and having a lot of fun.
Today I added the bot to it OOTB except for a lot size adjustment on a 4-digit broker and it would not trade. I tried it on another 4-digit broker and it hasn't made a sound yet so I loaded it on a 5-digit broker and it took a trade right off. Since there are only 2 pieces to this puzzle I'm hoping you have the time to take a look at the bot since my live accounts are still on a 4-digit broker.
Sure is nice to get back in here for awhile.......Thankz for all the fun and have a great day......

whip
  • #178
  • May 26, 2010 2:46pm May 26, 2010 2:46pm
Quoting obnoxious2
I'm using IBFX too and it seems that with the default settings. It will often not reach the TP and SL but instead ranges for a long while before it makes a move. Not to mention I thought no trades was suppose to take place after 12pm EST time or something of that sort? I've tried fiddling with the trading times since its broken down into two 12 hr periods but could someone help me set it so that positions can only be opened between 6:00-14:00 GMT? (I want to avoid the asian session since the volume is ridiculously low)

But going back to the...
This was originally the idea for our exit. The problem cam from the market repainting and whipsawing us out before we got threw the spread.

The exit code is still in there. All you would have to do is remove the // and change the swinglow momentum down to swinghigh momentum down and swinghigh momentum up to swinglow momentum up. And it should exit where you are want.
  • #179
  • May 26, 2010 3:02pm May 26, 2010 3:02pm
Quoting rfking2
This was originally the idea for our exit. The problem cam from the market repainting and whipsawing us out before we got threw the spread.

The exit code is still in there. All you would have to do is remove the // and change the swinglow momentum down to swinghigh momentum down and swinghigh momentum up to swinglow momentum up. And it should exit where you are want.
Which bot are you referring to here?
  • #180
  • May 26, 2010 3:40pm May 26, 2010 3:40pm
With a number of bots on the same thread, it might be a good idea if the bot in question of the reply was nominated in the title of the message. It gets a bit confusing to know which bot is being discussed.
Thanks Karl
0 traders viewing now