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Swing momentum trading - the robots are taking over

  • #241
  • Jun 2, 2010 3:51pm Jun 2, 2010 3:51pm
Quoting tazmaan
could just edit out the rsi filter on the bot. I was under the impression from the last couple pages of posts on the SS bot that it didn't take trades properly, I guess it does?
When I had it running on demo, it did not seem to be operating properly, but maybe I was wrong? I'll try Whip's suggestion and see how it works.
  • #242
  • Jun 2, 2010 4:36pm Jun 2, 2010 4:36pm
Quoting octomanoak
When I had it running on demo, it did not seem to be operating properly, but maybe I was wrong? I'll try Whip's suggestion and see how it works.
Hi Octo,
Just got back in the house ahead of a monster storm....I still don't think that this bot trades correctly. With that said I did Steve's Modify and then Recompile trick on one of my platforms (4-digit) yesterday. The bot would not trade at all on this platform before but after that trick it took 2 trades last night. It also took 3 trades on a brand new IBFX platform........in other words I don't have a clue.....I'm going to carry on with the 4-digit platform.

whip
  • #243
  • Jun 2, 2010 6:41pm Jun 2, 2010 6:41pm
I have not ben around for a few days and have just caught up. Thanks for the tributes but credit where it is due. I found the SS indi on the blog of a contributor to the London Breakout thread - merlintrade. I have no idea if he was the original author of the indi. I posted to his blog and informed him that I was hoping to use the indi but he has not responded. His blog is in the public domain so I assume its OK to use someone else's bits and pieces unless they object. Anyway - thanks merlin.

I have been busy picking up some ticks on FESX futures. Much easier and quicker work than FX. I will have another go with Steve's bot on the SS and see if I get better results this time round.

Karl (aka scartree - I am an Aussie, not a Kiwi!!)
  • #244
  • Jun 2, 2010 7:19pm Jun 2, 2010 7:19pm
I took some trades in late NY and early Syndey sessions using no filters as I had done during the early part of the NY session in accordance with Whip's suggestions. The trade entries were extremely poor given the direction the market took after the entries. Had I used the Adaptive Laguerre as Invisible suggested, it would have kept me out of those trades. However, I don't know if it would have kept me out of the winning trades as well earlier in the day as I had not applied the Laguerre indy to my chart until later today.
  • #245
  • Jun 2, 2010 7:20pm Jun 2, 2010 7:20pm
Hi Steve,
Just had the bot take a trade right in the middle of my scalping session. The good thing about that was that the indi gave me a strong buy signal on that pair and I already had a trade open.
That is a good thing for me because that means that MPTM can run both the scalper and the bot on the same chart and that is what I'm looking for. That is the first time I've had 2 trades on the same chart at the same time.......Excellent and I sure would like it to continue.......

whip
  • #246
  • Jun 2, 2010 7:28pm Jun 2, 2010 7:28pm
Quoting octomanoak
I took some trades in late NY and early Syndey sessions using no filters as I had done during the early part of the NY session in accordance with Whip's suggestions. The trade entries were extremely poor given the direction the market took after the entries. Had I used the Adaptive Laguerre as Invisible suggested, it would have kept me out of those trades. However, I don't know if it would have kept me out of the winning trades as well earlier in the day as I had not applied the Laguerre indy to my chart until later today.
Hi Octo,
Second hour of the Tokyo session had some action....Looking forward to your AL data...

whip
  • #247
  • Jun 2, 2010 7:50pm Jun 2, 2010 7:50pm
Can someone post the latest version of steves mptm, the one I have is old. i didnt see it at the 1 post zip Thanks
  • #248
  • Jun 2, 2010 7:56pm Jun 2, 2010 7:56pm
Quoting hiredwhip
Hi Octo,
Second hour of the Tokyo session had some action....Looking forward to your AL data...

whip
Are your entries in significant -ve UPL like the ones I entered a few hours ago?

BTW, I had the SS bot on the charts earlier today when I had the less than ideal entries and I got one trade duplicate. So I do know that the RSI filter in the bot would have picked the same direction of one of the manual trades I took.

BTW, I'm not sure if I will use the AL filter. If it filters out all the trades, why bother? In looking back over part of the day, although the SS indy repaints, it looks like the AL filter would have kept me out of most trades. I'll keep an eye on it and let you know how it seems to work.
  • #249
  • Jun 2, 2010 7:57pm Jun 2, 2010 7:57pm
I've attempted to remove the rsi condition from the ea, so I'll let u know if it takes trades the same as you do manually now.
From what I can see, he's already got it coded so it only takes trades on the Strong signals, not the weak ones, so it outta work.
  • #250
  • Jun 2, 2010 8:05pm Jun 2, 2010 8:05pm
Quoting octomanoak
Are your entries in significant -ve UPL like the ones I entered a few hours ago?

BTW, I had the SS bot on the charts earlier today when I had the less than ideal entries and I got one trade duplicate....
Hi Octo
UPL has never been a problem on this indi and profit stays around 2%.
The important part of my 2 hours was the bot ended up taking 3 trades and all 3 were trades I was already in........That is a good thing!!!

whip
  • #251
  • Jun 2, 2010 8:27pm Jun 2, 2010 8:27pm
Quoting tazmaan
I've attempted to remove the rsi condition from the ea, so I'll let u know if it takes trades the same as you do manually now.
From what I can see, he's already got it coded so it only takes trades on the Strong signals, not the weak ones, so it outta work.
Thanks Tazmaan.
  • #252
  • Jun 2, 2010 9:00pm Jun 2, 2010 9:00pm
Hi Todder - if you follow the link at the end of Steve's first post, you will get the info you seek.
Karl
  • #253
  • Jun 2, 2010 9:24pm Jun 2, 2010 9:24pm
Looks like this bot needs alot of work. It tries, but I get invalid price and no retries, so kinda pointless to let it keep trying.
Maybe I should try it on ecn, where there shouldnt be requote problems causing invalid price or as much slippage.
  • #254
  • Jun 2, 2010 10:08pm Jun 2, 2010 10:08pm
Quoting tazmaan
Looks like this bot needs alot of work. It tries, but I get invalid price and no retries, so kinda pointless to let it keep trying.
Maybe I should try it on ecn, where there shouldnt be requote problems causing invalid price or as much slippage.
Yeah man i hardly ever get that issue with ECN brokers. Fxdd is like every other trade lol.
  • #255
  • Jun 3, 2010 11:07am Jun 3, 2010 11:07am
It appears that the Adaptive Laguerre indy would have keep me out of every trade, so I have not used it as a filter.

Current return on SS indy manual trading is 4.6% over two days with current -ve UPL of 6.5% which has been as high as 18% -ve UPL.

If the bot could be fixed to trade this way, it might be very successful.

Although I do wonder how much the positive results are a function of the indy signalling good trade entries or just reliance on the market to retrace at some point, making even weak entries look good in the end.
  • #256
  • Jun 3, 2010 12:43pm Jun 3, 2010 12:43pm
Octo,
the bot has alot of issues for me, but maybe it'll work better for you on your broker. just open the source in editor go to line 300 and line 309 and simply remove the rsi condition.
so your two lines would read this:
if (OpenLotSize < Lot && SignalStatus == StrongBuy)
and
if (OpenLotSize < Lot && SignalStatus == StrongSell)

that'll ignore the rsi filter.
i get every error in the book almost when it tries to open trades here, i think do to slippage and the fact it doesnt retry to send the trade, but maybe you'll have more luck there.
  • #257
  • Jun 3, 2010 6:24pm Jun 3, 2010 6:24pm
Quoting tazmaan
Octo,
the bot has alot of issues for me, but maybe it'll work better for you on your broker....
Hi Tazmaan,
The Shih Tzu and I just got back in the house and found the SS Bot sitting by itself. That would be 24 hours again without a trade.
I'm now ready to try your "adjustment" and I'll let you know how it goes......

whip
  • #258
  • Jun 3, 2010 6:41pm Jun 3, 2010 6:41pm
Quoting hiredwhip
Hi Tazmaan,
The Shih Tzu and I just got back in the house and found the SS Bot sitting by itself. That would be 24 hours again without a trade.
I'm now ready to try your "adjustment" and I'll let you know how it goes......

whip
It does go for long periods without a trade. This is normal. This is one highly selective bot.

I have attached a tiny bit of feedback to the attached. Underneath the trend notification you will see a number that should keep on rising - this is the number of ticks the chart has received since the robot was last initialised.

If this number stops rising yet the chart keeps on getting ticks, then it means that something has stopped the robot working and it needs re-dragging onto the chart.

A bit crude, but should do the job.

Attached File(s)
File Type: mq4 Steve Hopwood's Super_Signal auto trading robot.mq4   11 KB | 469 downloads
  • #259
  • Jun 3, 2010 6:59pm Jun 3, 2010 6:59pm
Quoting SteveHopwood
It does go for long periods without a trade. This is normal. This is one highly selective bot.

I have attached a tiny bit of feedback to the attached. Underneath the trend notification you will see a number that should keep on rising - this is the number of ticks the chart has received since the robot was last initialised.

If this number stops rising yet the chart keeps on getting ticks, then it means that something has stopped the robot working and it needs re-dragging onto the chart.

A bit crude, but should do the job.

Thank you Sir....As usual you are a gentleman and a scholar.........The second hour of Tokyo is here and I will put this puppy to work........
IMHO this should be a really good strategy but so far the robot has not agreed with me.....Hopefully it can be tamed...

whip
  • #260
  • Jun 3, 2010 7:03pm Jun 3, 2010 7:03pm
Mine tried to trade just fine with my removal of the trend filter, it was the trade execution stuff that was screwing up.
invalid price (which I assume was from slippage and the bot didn't handle it)
invalid stops (which i then increased to like 1000 because 0 didn't turn it off)
etc.
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