Steve Hopwood's Epsilon Megastar fib auto-trading robot | Page 22 | Forex Factory

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Steve Hopwood's Epsilon Megastar fib auto-trading robot

  • #421
  • Jun 3, 2010 3:50pm Jun 3, 2010 3:50pm
Had a thought. Not sure if this would be a good idea, but will throw it out to see what the rest think. Eventually trades will go up and down and what was up +100 can during the course of time go back -100 and then back +200. With all the nice stuff that Steve has in the Simone ea it is looks like it is doing a good job finding the right entry points. What I was thinking was would it be possible or not worth it to have a function added that looks at each trade at each candle and see if it is in the - range to move the sl automatically to the next r or s level automatically. So if you had a long trade at 1.73669 for example and the S1 is 1.72868 then the ea would set the sl automatically to 1.72868 and keep on adjusting the sl automatically?
Would this cause too much of a dd because at what point do you stop autoadjusting and just take the loss?
Vince
  • #422
  • Jun 3, 2010 4:05pm Jun 3, 2010 4:05pm
I just tried the latest Simone and received several OrderModify error 130. I'm using an FXCM demo account. They're a crim ECN, right?
In your testing results, is your % of profitable trades pretty low? I did a 4 month back test and got a 44% win rate.

thanks
  • #423
  • Jun 3, 2010 4:47pm Jun 3, 2010 4:47pm
Quoting letizia
Hello I have doubled checked everything here as far as I can tell, but I am not sure what I am missing? My ea on the chart has the name Simone Guy's Consistent Fibbing Method EA. I looked at some of the enclosed pics and there is an extra ff8t4 after the word ea? Sorry if this was in the posts somewhere but I could not see any reference to the extra ff8t4?
Thanks Vince.

Hello letizia,
Sir Hopwood is correct. I rename each version so I can Keep track of where we are developmentally. So in the suffix you sighted
FF means: Forex Factory
8 means: eighth version I have saved
t4 means : The fourth of the tradable versions (that I have in my archives)

Hence I just keep that nomenclature running. When we get to a live we then I may call it V1.0, the current version "Simone_Guy's_Simple_&_Consistent_Fibbing_Method_EA_ff11t7.mq4"
Simone_Guy's_Simple_&_Consistent_Fibbing_Method_EA_V1.0.mq4

My way of keeping anchored. Of course other will have theirs and we ultimately default to Sir Hopwood. He has certainly earned that many times over.


Bless!
  • #424
  • Jun 3, 2010 4:59pm Jun 3, 2010 4:59pm
Hello Pathumracled,
Thank you for the explanation. It was driving me crazy trying to find the version with the ft8. Sounds like an organized way of doing things.
Have a great day/night!
Vince
  • #425
  • Jun 3, 2010 5:24pm Jun 3, 2010 5:24pm
Quoting ludo willems
Steve,
MSMPENG is the antimalware detection engine shared by OneCare and...
Thanks Ludo. Following this I did a Google search and discovered that this is a Microsoft 'utility'.

When my paid-for ZoneAlarm update was hogging resources and proving enough of a pain in the arse that a lot of us threatened to go elsewhere, ZA leaped into life and fixed the problem.

MS simply leaves us to put up with their crappy software slowing our computer to a crawl for up to 3 minutes at a time - more than enough for a winning trade to turn into a loser in a fast-moving market.

I went to Control Panel, found Windows Defender and removed it. Come the Revolution, MS are the second to the wall. No prizes for guessing who are no 1.

Cheers

  • #426
  • Jun 3, 2010 9:56pm Jun 3, 2010 9:56pm
Steve a few pages back you were talking about adjusting for the bid/ask spread. Any chance that you could code that in where we can set the # of pips of the break of the 50% before it enters a trade?
  • #427
  • Jun 4, 2010 3:33am Jun 4, 2010 3:33am
Quoting obnoxious2
Steve a few pages back you were talking about adjusting for the bid/ask spread. Any chance that you could code that in where we can set the # of pips of the break of the 50% before it enters a trade?
I have already coded the spread thingy. I see little point in adding further pips to the requirement.

More to the point is that traders use discretion in choosing their trading direction. For example, EU is on its way to Hell in a handbasket; I am more likely to become a NASA rocket designer than I am to buy eu right now.

_____________________________________________________________

Those of you trying the half-close function should have noticed your trades closing out completely step by step. I left a vital conditional out of the equation, that should have told the bot to stop half-closing after one such event. That is why you were getting those breakeven mod errors with the invalid ticket as the reason.

The attached fixes this.

Attached File(s)
File Type: mq4 Simone Guy's Simple & Consistent Fibbing Method EA.mq4   39 KB | 558 downloads
  • #428
  • Jun 4, 2010 4:10am Jun 4, 2010 4:10am
Quoting SteveHopwood
I have already coded the spread thingy. I see little point in adding further pips to the requirement.

More to the point is that traders use discretion in choosing their trading direction. For example, EU is on its way to Hell in a handbasket; I am more likely to become a NASA rocket designer than I am to buy eu right now.

_____________________________________________________________

Those of you trying the half-close function should have noticed your trades closing out completely step by step. I left a vital conditional out of the equation,...
Noticed the message "89614584 Half-Close failed with error message (4108); Invalid Ticket" Message, on a USDcad sell (finally a sell) today.

Was about to post up picks an all, but noticed you seemed to have addressed that half fail already. The trade was in profit and i was pondering how applicable the default 5.0% of balance would be.

Next thing I saw the message, following the closure of the trade.

Could you just shed a little light on the intention with the % Balance profit setting so I can understand and better utilise it. In my case the balance was the $3007.00+ but the single open USDcad, mentioned above reached only $0.12 in profits based off the default 0.2 lot setting. Now, we see 5% of $3k = $150 so we see that it would need V large pip movement to get to 5% of balance. Since we have an 80 pip target, should we then work that out and use as the %balance setting.

Just need some guidance here, please. I tried not to but I just Like the picture worth a thousand words thing so forgive me It may just be a valuable aprt of the Lessons Learned and help someone else. Note, this was before taking down the fix hals-close error Y'All.

Bless!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Simone S&C FM EA Hlaf Close Err-1.jpg Size: 395 KB
Click to Enlarge Name: Simone S&C FM EA Hlaf Close Err-2.jpg Size: 301 KB
  • #429
  • Jun 4, 2010 4:42am Jun 4, 2010 4:42am
Quoting pathumracled
Could you just shed a little light on the intention with the % Balance profit setting so I can understand and better utilise it. In my case the balance was the $3007.00+ but the single open USDcad, mentioned above reached only $0.12 in profits based off the default 0.2 lot setting. Now, we see 5% of $3k = $150 so we see that it would need V large pip movement to get to 5% of balance. Since we have an 80 pip target, should we then work that out and use as the %balance setting.
The robot will stop trading once the accrued profits in the History tab reach TargetPercentageOfBalance% of your account balance - your daily target, or whatever other time scale you have in mind.

For example, your balance is $300. You want to stop trading for the day when your closed profits reach 5% of this figure i.e. $15. You set TargetPercentageOfBalance to 5.

  • #430
  • Jun 4, 2010 10:14am Jun 4, 2010 10:14am
Quoting SteveHopwood
I have already coded the spread thingy. I see little point in adding further pips to the requirement.

More to the point is that traders use discretion in choosing their trading direction. For example, EU is on its way to Hell in a handbasket; I am more likely to become a NASA rocket designer than I am to buy eu right now.

_____________________________________________________________

Those of you trying the half-close function should have noticed your trades closing out completely step by step. I left a vital conditional out of the equation,...
Hate to keep beating on what seems like a dead horse to you but could you explain how the bid-ask spread is determined? I was just wondering because last night it placed a sell order on the gbpjpy before the breach of the 50% and it was off by like 6 pips I believe. So I was seeing if it autoadjusts for the different spread levels that different brokers may have.

On another note, how is the original SL and TP set? They seem to be just hardcoded values that are over 100+ pips away. I use MPTM to manage but there is no option to set the original SL when first entering a trade. Was wondering if you could set up a input variable for us to adjust also or just apply the ATR multiplier from the swingbot. thanks.

*edit* Just noticed that it placed a second sell on gbpjpy, however rit was not over 200 pips away. One trade was placed before I closed it down to put the updated EA in so I'm not sure if that has anything to do with it since I thought you coded some thing to check where it left off.
http://i148.photobucket.com/albums/s...g?t=1275664863
  • #431
  • Jun 4, 2010 12:22pm Jun 4, 2010 12:22pm
Has anyone done backtests on Simone? I tried all the various versions including the lastest and I cannot get good results. It made some very nice profit but eventually gave all back to the market. I watched the video and it seemed logical but I think there is one flaw. I think the flaw is when we assume the market will somehow go and acheive it target at 134% or -34%. As we know most days it may not do that but that it range around and that is when this robot get killed.
  • #432
  • Jun 4, 2010 1:11pm Jun 4, 2010 1:11pm
Quoting obnoxious2
Hate to keep beating on what seems like a dead horse to you but could you explain how the bid-ask spread is determined? I was just wondering because last night it placed a sell order on the gbpjpy before the breach of the 50% and it was off by like 6 pips I believe. So I was seeing if it autoadjusts for the different spread levels that different brokers may have.
My understanding is that buying at the Ask and selling at the Bid takes care of the spread. This is one of those logic thingies that I have always struggled with, so people should sing out if I am wrong.

Quote
On another note, how is the original SL and TP set? They seem to be just hardcoded values that are over 100+ pips away. I use MPTM to manage but there is no option to set the original SL when first entering a trade. Was wondering if you could set up a input variable for us to adjust also or just apply the ATR multiplier from the swingbot. thanks.
View Simone's videos.

Quote
*edit* Just noticed that it placed a second sell on gbpjpy, however rit was not over 200 pips away. One trade was placed before I closed it down to put the updated EA in so I'm not sure if that has anything to do with it since I thought you coded some thing to check where it left off.
http://i148.photobucket.com/albums/s...g?t=1275664863
Looks to me like there are more than 400 pips between those trades.

  • #433
  • Jun 4, 2010 4:21pm Jun 4, 2010 4:21pm
Quoting SteveHopwood

Looks to me like there are more than 400 pips between those trades.

I thought the difference between 134.075 and 133.655 was only 42 pips. So on the gbpjpy difference between say 134 and 133 is 100 pips. The extra digit is just for the criminals rounding purposes.
  • #434
  • Jun 4, 2010 4:33pm Jun 4, 2010 4:33pm
Quoting SteveHopwood
My understanding is that buying at the Ask and selling at the Bid takes care of the spread. This is one of those logic thingies that I have always struggled with, so people should sing out if I am wrong.


View Simone's videos.


Looks to me like there are more than 400 pips between those trades.

I am prepared to hand out my kudos to you Sir Hopwood all over again.

In under a week (5 trading days) you have been able to do what other eminents has discarded as plain impossible [Where there is a will there clearly are many ways]

I have Struggled 2 year plus to find an EA that can trade the G7 successfully. Your Automation of the Simple & Consistent Fibbing Method - My
"Simone_Guy's_Simple_&_Consistent_Fibbing_Method_EA_ff13t9.mq4" our Simone has done just that.

I dear say, is that the sound of criminals.. Sounding an ode to surrender??? If it is, it is about time.

At the risk of being effusive, I'll be succinct and say thank you Profusely!!!

When you mentioned going L*I*V*E* come next week, I did think is a little early. After today alone, i.e. the day's performance, I see your point clearly and I can only say ... Sir, if your heart is in it, Go brave. You are the Boss.

On my part one more week of testing and tweaking and for sure, I too will join you live.

We continue to pray your strength and thank all the others who have helped us this far.

Bless!

Attached Image(s) (click to enlarge)
Click to Enlarge Name: All In A Day's Work-1.jpg Size: 506 KB
Click to Enlarge Name: All In A Day's Work-2.jpg Size: 540 KB
Click to Enlarge Name: All In A Day's Work-3.jpg Size: 433 KB
  • #435
  • Jun 4, 2010 4:41pm Jun 4, 2010 4:41pm
Quoting obnoxious2
I thought the difference between 134.075 and 133.655 was only 42 pips. So on the gbpjpy difference between say 134 and 133 is 100 pips. The extra digit is just for the criminals rounding purposes.
Learn the damn difference between how I code for 5 dig crims and adjust for 4 dig crims and shut up about this or I will ban you from my threads.

This a once and for only warning. You are annoying me and I have better things to do than keep on replying to your idiotic posts.

Think about 5 times before you reply to this. Your best interests are served by staying quiet.
  • #436
  • Jun 4, 2010 4:59pm Jun 4, 2010 4:59pm
Ok, testing 1 Million currency pairs and my results so far after 1 days DEMO is:

dah dadah dah.....

Holding -562 pips
CLOSED +2,171 pips

DIVIDE THOSE BY 2 = .02 lots each trade = Not too bad...

I had an older account, but technical problems (half-close) and other issues with me not turning on the EA had me at -250 pips + a -700 pip holding. Several orders should have been closed out, but now I have MPTM on it and it is bringing it up.

Looks good so far though!

Thank you for putting this together!
We are our own best indicator.
  • #437
  • Jun 4, 2010 5:09pm Jun 4, 2010 5:09pm
Quoting pathumracled
I am prepared to hand out my kudos to you Sir Hopwood all over again.

In under a week (5 trading days) you have been able to do what other eminents has discarded as plain impossible [Where there is a will there clearly are many ways]

[color=black][font=Verdana]I have Struggled 2 year plus to find an EA that can trade the G7 successfully....
Cheers pathumracled. Without you bringing Simone's thread to my attention, the bot would never have been born.

You, me and a lot of others have been on a long journey. KG, Scoobs BOJ, BS, Swing, EM, Simone.

Gradually, we have refined our understanding of the markets and the importance of support and resistance and how to use it in our favour.

We have long known that s/r is everything. How to use it has been the problem. One missing link is provided by Super Signal; it could be that this is all we need in the long term. We shall see. For sure, the bot has made an exceptionally promising start.

For me, Simone has provided 'the missing link'; I always knew that fibs were the way forward but never quite worked out the framework for using them. I have tried a number of experiments that never quite worked out I thought ICWR provided the missing link; this turned out to be not quite correct. Instead, it provided the stimulus we needed - brought to my attention by you.

The future looks bright. Over the weekend, I shall be opening a thread dedicated to the Simone robot. I have added a few tweaks and included an Rsi trend detector a la SS et al.

Onwards and upwards.

  • #438
  • Jun 4, 2010 5:13pm Jun 4, 2010 5:13pm
Quoting bluemele
Ok, testing 1 Million currency pairs and my results so far after 1 days DEMO is:

dah dadah dah.....

Holding -562 pips
CLOSED +2,171 pips

DIVIDE THOSE BY 2 = .02 lots each trade = Not too bad...

I had an older account, but technical problems (half-close) and other issues with me not turning on the EA had me at -250 pips + a -700 pip holding. Several orders should have been closed out, but now I have MPTM on it and it is bringing it up.

Looks good so far though!

Thank you for putting this together!
Yep. Not too bad at all.

Even better, I have traded the strategy manually live, and made pips.

If it works live and manually, it can be traded robotically.

  • #439
  • Jun 4, 2010 5:14pm Jun 4, 2010 5:14pm
Quoting SteveHopwood
Learn the damn difference between how I code for 5 dig crims and adjust for 4 dig crims and shut up about this or I will ban you from my threads.

This a once and for only warning. You are annoying me and I have better things to do than keep on replying to your idiotic posts.

Think about 5 times before you reply to this. Your best interests are served by staying quiet.
LOL, just wait until we have a 6 digit criminal! Things might be slightly more "obnoxious".
Have a great weekend Steve, I'll try and mess with your code next week to work on that fib problem you have.
  • #440
  • Jun 4, 2010 5:32pm Jun 4, 2010 5:32pm
Quoting hndymann
LOL, just wait until we have a 6 digit criminal! Things might be slightly more "obnoxious".
Have a great weekend Steve, I'll try and mess with your code next week to work on that fib problem you have.


Re the fib thingy, it is possible to hand-code fibs using trendlines rather than creating fib objects - I have gleaned this much from some research today. For now, I am concentrating on other aspects of the bot as the fib length thingy is a cosmetic; if you can come up with a function that allows fibs to be drawn with different lengths then you will be making an unbelievably fantastic contribution.

No pressure of course. Only that hundreds of traders are hanging on your every post from now on.

Seriously, if you can solve this then wonderful. If not, then not to worry. I appreciate you trying.

Cheers

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