20 wins for 20 in backtests, 4% max drawdown. Dam Steve this bot trades a whole hell of a lot better than I do.
Great Job! 
Great Job! 
Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone
Hi Steve, great design, many thank yous
Q1: are you using RSI ?
Q2: are you using TradeLevelsT1: True ?
standard settings or ?
Q1: are you using RSI ?
Q2: are you using TradeLevelsT1: True ?
standard settings or ?
For what it is worth, here is where I am.
My latest enhancements have made it possible for me to cut down on time frames.
Live, I am now trading the D1 tf.
On demo, I am down to the H1 and making a bomb.
Totally agree Steve,
I have been running your bot on the H1 for four days this week.
It has performed incredibly well.
I think if the potential drawdown can be addressed, you have got a
bot with huge potential to make very large gains.
I tried to break it by trading 0.5 lots and it just sent the account from 10K
to 12.54K with very little drawdown. A very impressive effort to date.
I have watched it for lengthy periods and agree with your initial comment on shutting down manually a runaway loser when they may occur.
However, I don't envisage this will be too often and the loss will be small compared to the gains.
Very impressed with the thought process being this EA.
I have been running your bot on the H1 for four days this week.
It has performed incredibly well.
I think if the potential drawdown can be addressed, you have got a
bot with huge potential to make very large gains.
I tried to break it by trading 0.5 lots and it just sent the account from 10K
to 12.54K with very little drawdown. A very impressive effort to date.
I have watched it for lengthy periods and agree with your initial comment on shutting down manually a runaway loser when they may occur.
However, I don't envisage this will be too often and the loss will be small compared to the gains.
Very impressed with the thought process being this EA.
- #112
- Jul 2, 2010 2:05am Jul 2, 2010 2:05am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Nice work with this new bot Steve!
It has made me on demo 5% in the last 2 days with very little DD. Trading hour tweaks are 5-11 and 19-24.
AWESOME EFFORT!
Downloading the latest/greatest version and notice the ECN support has been removed. :-(
Aware of your opinion on this front, however what kind/brand and how many carton's of beer delivered to your house would be required to convince you to keep ECN support in the current/future versions of bot ?
Humblest of the humble requests.
Keep up the great work champ,
getdown71
If this is wrong, then go birdy and I will replace it.
Hi there!
been following silently until now...
another very promissing pair of EAs from our beloved Steve !
I experience veeeeeeery slow backtesting with these bots... and they are cpu killers when running on multiple charts in parallel.
Vinesh seem to have pointed the same issue, so i'm not the only unlucky one...
I found the reason for these cpu killers: the DisplayUserFeedback() function.
With the fixes below backtesting will go lightspeed...
Here is a simple fix for backtesting purpose: add the bold line below as shown below:
The same can be applied in DrawFib(), although, surprisingly, this function affects much less the cpu usage:
Surprisingly, i don't recall having faced this issue that badly with other Steve's bots, which also use the same principles... 
SQ.
been following silently until now...
another very promissing pair of EAs from our beloved Steve !
I experience veeeeeeery slow backtesting with these bots... and they are cpu killers when running on multiple charts in parallel.
Vinesh seem to have pointed the same issue, so i'm not the only unlucky one...
I found the reason for these cpu killers: the DisplayUserFeedback() function.
With the fixes below backtesting will go lightspeed...
Here is a simple fix for backtesting purpose: add the bold line below as shown below:
Inserted Code
void DisplayUserFeedback()
{
[b] if (IsTesting() && !IsVisualMode()) return;
[/b] Inserted Code
void DrawFib()
{
[b]if (IsTesting() && !IsVisualMode()) return;
[/b] SQ.
- #114
- Jul 2, 2010 3:47am Jul 2, 2010 3:47am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Hi there!
been following silently until now...
another very promissing pair of EAs from our beloved Steve !
I experience veeeeeeery slow backtesting with these bots... and they are cpu killers when running on multiple charts in parallel.
Vinesh seem to have pointed the same issue, so i'm not the only unlucky one...
I found the reason for these cpu killers: the DisplayUserFeedback() function.
With the fixes below backtesting will go lightspeed...
Here is a simple fix for backtesting purpose: add the bold line below as shown...
Backtesters, the enhancements make a huge difference. I have added them to both the robots in post 1.
A have also added the ability to turn of the screen feedback altogether.
- #115
- Jul 2, 2010 3:51am Jul 2, 2010 3:51am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Hi Steve, great design, many thank yous
Q1: are you using RSI ?
Q2: are you using TradeLevelsT1: True ?
Live trading:
- D1 charts
- Allowing multiple trading so that the pendings can follow a sustained move, but with lot incrementing disabled and lower level pending deletion enabled.
Demo trading:
- H1 charts
- Multiple trading with everything allowed
- #116
- Jul 2, 2010 4:16am Jul 2, 2010 4:16am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
I think the answer to how to deal with the runaway bad trades is coming, along with the best trade-direction filter ever seen.
Pm nanningbob with your email addy's and plead to be added to his mailing list for his 4H version 5 documentation. He is writing a book about this and plans posting it in a new thread when complete. So far, only section 1 is available but this alone will blow your brains. Fantastic does not even come close to describing it. The robot I shall write to trade it will make ftlr look like something an infant thought up.
Once I have managed to code Bob's trade entry into a trade-direction filter, it can be applied to any trading robot.
I tell you guys, we are in for exciting times.
Pm nanningbob with your email addy's and plead to be added to his mailing list for his 4H version 5 documentation. He is writing a book about this and plans posting it in a new thread when complete. So far, only section 1 is available but this alone will blow your brains. Fantastic does not even come close to describing it. The robot I shall write to trade it will make ftlr look like something an infant thought up.
Once I have managed to code Bob's trade entry into a trade-direction filter, it can be applied to any trading robot.
I tell you guys, we are in for exciting times.
You are just the most total star, sq. Giant amongst men, prince of princes etc.
Backtesters, the enhancements make a huge difference. I have added them to both the robots in post 1.
A have also added the ability to turn of the screen feedback altogether.
1. if (SendTrade) SendSingleTrade(type, TradeComment, Lot, price, stop, take);
what happens - or which parametres he passes to the function if it was fulfilled NO IF condition?
This generate an error!!!!!
- #118
- Jul 2, 2010 5:51am Jul 2, 2010 5:51am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Attached is a picture of nanningbob's complete trade-direction filter.
I finally managed to grasp the fact that 'dem markets, dey go up, den dey come down again, den dey go up again.......'. What I hadn't grasped is the significance of the price relative to the top/bottom of the chart.
The attached indi divides the chart into 6ths. Without going into a lot of detail, Bob predicates:
I finally managed to grasp the fact that 'dem markets, dey go up, den dey come down again, den dey go up again.......'. What I hadn't grasped is the significance of the price relative to the top/bottom of the chart.
The attached indi divides the chart into 6ths. Without going into a lot of detail, Bob predicates:
- in between the green lines are where most trend-following indis trigger the trades. This is the very point at which chop most often occurs, resulting in most traders losing all their money.
- instead of entering trades in the kill zone, wait until the markets cross the top, gold line to sell the retrace/counter trend, and the bottom gold line to buy the retrace/counter trend.
On the market window is a 1 period sma used to avoid trading 'huggies', but I leave you to work out for yourselves what that means, and a 25 period Bollinger Band.
In the indicator window are:
- a standard setting macd showing the signal line only - red line
- two Stochastic Oscillators (not indi):
- light blue/greeny sort of colour, %k period = 14, slowing = 5, %D period = 3, price field = Close/Close, MA method = Linear Weighted. Only the main line is used, so change the signal line colour to 'None' to blank it out.
- white line settings, in the same order as above are 7, 3, 3, with everything else being the same.
I am not going into how all these work in combination here - you need to get hold of Bob's book to read this.
What I will say, is that this gives us a complete trade-direction finder that will make fltr a very powerful tool indeed. You can see from the pic that I have already started the trading robot, and that I have sussed how to calculate the chart divisions.
Once I have completed the indicator-reading section, this becomes the trade-direction finder module that we can use here - in fact can use in any trading robot that is not trying to jump on a trend.
This is looking brilliant.
- #120
- Jul 2, 2010 6:05am Jul 2, 2010 6:05am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Have been using this for a while now & indeed it is very useful.
Attached is a version I have modded which allows you to input the number of bars to look back. For instance if you are on M15 and want to only use the last 48 hours of data to draw the 6 screen segments, input 192 bars etc.
Hope this is useful ....