Epsilon Megastar swing/fib trading. Ask your newbie/basic questions here

Hi Steve,

Thanls for all your posts and contributions for the auto traders.

I have trying to find a robot that I could use with the eMinis (#YMU0). Do you think some of your robots could be used with it?

I have tryed to run your last robot (Fib_Target_level...) but could not find a post to clarify the setup. Could you point me to it?

Regards

Doc

Greetings to all Forum members,

I was running Simone robot on a list of 38 currency pairs since June 14, 2010 till July 2, 2010 with default settings on 15 minute charts. I installed Simone stuff.mqh file. I wish to share with the forum my demo performance summary for the Simone robot.

I run the best demo currency performers on a live account, however the performance was considerably below the demo test results.

Tiberius

Steve,

There is a cut&paste hiccup in the code below:

//Check for short direction trade setup
if (Ask > TopGreenLine)
{
TradeDirection = down; // correct
if (StochBlue < 85) TradeDirection = none;
//if (StochWhite > StochBlue) TradeDirection = none;
if (MacdVal < 85) TradeDirection = none;
if (BbUpper < TopGreenLine) TradeDirection = none;
}//if (Ask > TopGoldLine)

//Check for short direction trade setup
if (Bid < BottomGreenLine)
{
TradeDirection = down; // should be up
if (StochBlue > 15 ) TradeDirection = none;
//if (StochWhite < StochBlue) TradeDirection = none;
if (MacdVal > 15 ) TradeDirection = none;
if (BbUpper > BottomGreenLine) TradeDirection = none;
}//if (Ask > TopGoldLine)

Cheers. You can post in my threads now. Thanks for this.

Hello
Great work !
Thanks.
I have an idea.
When the prize hit T1 T2 ... first time EA will work. After retracement, If EA's second hit T1 can we consider the price goes beyond and trade this direction?

http://i31.tinypic.com/2943wqu.jpg

Hi
This is the screenshot demo acc of Fx compass EA M15 GBPUSD.
Does EA use TP and SL ? Because as u see there is not. If EA use TP SL it could be make money.

http://i27.tinypic.com/2zfib90.jpg

and 4 hour steve EA GBPUSD. No activity of EA

Any ideas why the FTLR EA wouldnt be taking trades? I have it running on 10 pairs on FXOpen and Alpari, RSI and Sq_Steve turned off with all other default. Time is 0-12 and 12-24 on 15m charts, price goes right through T1 levels but no trades are taken. Any ideas on what could be wrong? I am using the latest version posted.

Thanks

Something I have noticed, on all charts Trading Direction is None, I see in the screenshot this should be up or down.

I did put the indicators in the folder but still the same result.

Three things:

 

1. Make sure you have the latest version. I had a logic flaw in the earlier ones that would stop the robot trading if the direction filters were turned off.
2. This robot is designed for higher time frames and it is hard to see it taking many trades on the 15M. There is no visible error reporting, so it might be trying and failing to send trades; the most likely reason being that the tp's are too close to the trade price and the trade is not accepted by the criminal.
3. Nobody seems to be able to persuade FXOpen to take any trades. I am not quite sure what FXOpen exists to do, apart from give FF members something to puzzle over.

I hope you get this sorted out.

thanks Steve, I will double check I have the latest version and change to higher timeframe.

Steve:

I thought it was time for me to come out of the woods and pay my tribute to what you are doing. I am just in total awe of the effort and work you put into developing so many auto traders. I have followed your work since AshFX V2, through Scooby's contributions, to your latest FTLR and now Tiger. While I am a newbie as a FF contributor, I am not a newbie to Forex as I have been trading forex for almost five years. So, I have not asked newbie questions because I have done the home work to find the answers.

Another special tribute to Scooby Doo as I have more about the forex market from his insightful postings over the past few months than from my combined sources over the past five years. A pro's experience is the best.

I am also coming out now to make a contribution to your efforts by resurrecting an older auto trader, the SuperSignal. I added a price action filter, the AdaptiveLeguerreFilter (ALF), to trade this system with great success. I know you have your hands full with FTLR and Tiger, so I would like to work with Squalou, if he is willing, to make his SS_SQ version much better. Sad to say I have virtually no coding experience, only a course in FORTRAN that I took in college over 40 years ago. I hope that you will give me permission to post in the Swing Momentum thread to make this contribution, or if you and/or Squalou would PM me, I could provide my suggestions with some pretty simple trading rules directly.

Again, I salute your amazing work and look forward to becoming a member of your group.

Cheers,

ForexPete

I realize that Steve is working on other EAs and have not seen Squalou post in the threads I have been monitoring. I am posting my suggestions for Squalou's SuperSignal EA in the hope that someone who notices this post will pass it on to Squalou. So, here it is:

@ Squalou:

Here are my suggestions for your version of the SuperSignal EA:

A. Incorporate the code for the Adaptive Leguerre Filter (ALF):

On one of the threads you suggested using the ALF with one of the strategies that you and Steve were working on. I have been playing with this indi, together with the SuperSignal and if you can incorporate the ALF code into your SS_SQ EA, I think we would have a big winner. ALF provides the price action filter the EA needs.

B. Fix the problems with the SuperSignal Indi:

Even though it repaints, the SS indi indicates a change in direction faster than any other indi I have seen so far, a critical feature essential for exit
rule 1 below. But there are problems with it as it frequently causes some of my MT4 platforms to crash (interestingly, so far only on ECN crim platforms, FXCBS and FXCM that I have been testing. I can send you the crash details for several instances if that would help you find where the problems might be.).

When it alerts it sounds like a pin ball machine gone mad, as it repeats alerts on one candle for any pair as many as five times before it stops. I have also seen on more than one occaision as many as 20 alerts going back and forth from strong buy to strong sell for one pair, usually EURGBP for some reason, so something in the code is not working correctly. This is another problem I hope you can solve by adding/altering the code, so that it alerts only once for each time period for each pair.

The buy/sell alerts for a candle are sometimes not given for as long as a minute into the next candle. As a result, I have noticed that long/short
trades are initiated at the very beginning of a candle, only to have an alert sound sell/buy, respectively, within one minute changing the direction of
the bias of the trade just initiated. For this reason I would add a user input delaying trade initiation into the trade rules below, but maybe you could find a code fix for the indi instead. The trade entry pip buffer I suggest below might minimize this problem.

Because the SS indi repaints, it is difficult to analyze trades to consider additional filters because it does not retain the chart arrows for all of the
alerts that it gives. It would be great for trade analysis if you could add/alter code to add a user input to retain on the charts all painted signals. I know this would look messy, but it sure would make it easier to figure out a sound trading strategy and the use of other indi filters for exiting trades. I have been experimenting with CCI, RSI, and most recently, LSMA, as filters for setting trade exit points. The Trade Signals indi that you and Steve developed keeps all of the arrows.

Maybe this indi's stability and other problems cannot be fixed. Perhaps there is another indi that would work as well as the SS to indicate directional change. The trade signals indi you coded with Steve works pretty well on the H1 charts, but not on the M15. Maybe you can adjust the inputs of your indi to match those of the SuperSignal.

C. Enable EA to trade with ECN crims:

Let's face it. As unhappy as we all are with the increased risk of trading with ECN crims, the ECN delayed TP/SL rules seem to be the wave of the future for and we need to have this feature in the EA. This addition should be an easy code addition fix from Steve's SS EA, but desirable, as I would like to test ECN crim platforms with your version of the SS EA.

D. Incorporate the following trading rules:

SS sets the trade direction bias, either long or short when it signals. ALF determines the entry and exit points for all trades.

LONG TRADES:

Entry Rule:

1. After SS signals a BUY or STRONG BUY AND if price CLOSES above ALF, set a long buy stop trade entry at the Entry Pip Buffer point (new user input: I use 2 pips) above the HIGH of that candle, BUT delay trade execution (new user input: I use 30 seconds into the new candle) to ensure that SS indi did not change the direction bias to SELL for the previous candle. I have noticed that it can take that long for the SS indi to signal an alert, so if the previous candle alerts some kind of sell, you don't want to enter a long trade at that point. The Entry Pip Buffer stops a lot of trades that reverse immediately for losses. If price reverses without triggering trade entry and CLOSES below the ALF, then that trade entry point is deleted and ALF again becomes the trigger for setting new entry points. Trade entry and exit points below would hopefully be handled by the EA internally, rather that have the buy or sell stop trades shown in the terminal.

Exit Rules:

1. Initial SL would be the previous swing low of price action.

2. If SS signals a change in direction bias to sell BEFORE the trade reaches the break even point (BE), exit the long trade immediately.

3. Once the long trade goes BEYOND BE + any added Break Even Profit (BEP), BE remains the exit point until the ALF is higher than the BE + BEP point. When the long trade CLOSES below ALF, set the trade exit point at the Exit Pip Buffer point (new user input: I use 5 pips depending on the pair traded) x pips below the LOW of that candle. If price reverses without triggering the exit and CLOSES above ALF, then the trade exit point is deleted and ALF again becomes the trigger for setting new exit points.

SHORT TRADES: Just the opposite of the rules above.

E. Other comments for the EA:

Add a partial closure feature like Steve's MPTM, so that BE's and partial closures could be set uniquely for each pair.

Using ALF eliminates the need for the SuperSignalShift and RsiTF and Rsi Period, as ALF now would determine trade entry, so you could eliminate the code for this input, or just set them all to 0.

Keep StopLossPips and TakeProfitPips as they are to prevent disaster and provide profit targets, although I think using ATR values for each pair might be something for the future.

Keep the hours for trading inputs. I think those inputs are important for each pair.

I plan to test it on M15 and H1 TFs.

I hope you are interested in these modifications. I really do look forward to working with you to make the SS EA a big winner.

My best,

ForexPete, aka Pete Hines

I'm currently trading EU on an M15 chart with IBFX. The robot seems to enter the first trade according to plan, but scale-in seems to be rather erratic. After the first trade opens, following trades will delay quite a long time (hours/days) before they kick in. When they do, they all seem to enter trades one after the other in quick succession to the global limit. I am currently in a trade that had gone to about +250 pips and now lingering in the +200 pip area. I entered the trade at 06:45 on 5 Oct. I'm letting the trade continue just to see what happens. S/L has adjusted with the redrawn fibs, so all is okay as far as that goes. But as of now there have not been any follow on scale-in trades. Is this robot functioning correctly or should I make some sort of adjustment to the set file? Thank you for your attention.

Regards,

Above trade stopped out at 16:24 GMT on 7 Oct. with +177.40 pips. Still no scale-in.

Regards,

In at 08:00 GMT on 13 Oct and out at 13:30 GMT on 14 Oct. Came out with +333.3 pips. Used scale increment 4 and global max of 4 trades. Nice.

Regards,

In on 22 Oct at 12:00 GMT and out on 26 Oct at 02:45 GMT with +182.26. Used scale increment 4 and global max of 16, but only 12 trades realized. During the run profit reached approxiately +1200 pips, but I let the robot run to close all trades. Used M15 chart and RSI 21 and period D1.

In 2010.10.28 @ 04:00 GMT. Out 2010.10.29 @ 09:45 GMT with -3.5.
Setting 16/16. Only one buy order opened and closed by the EA.

Total pips realized for the period 2010.10.01 - 2010.10.29 is +1374.4 consisting of 24 orders. This EA seems to be working for me. My thanks to Steve Hopwood and all others involved in developing this EA.

Regards,

I set up the bot and am having trouble with trades - none are happening... can someone please help me? I want to make sure I have Steve's files in the right folders. Can someone please elaborate on this? I am excited to try this robot as I loved seeing all of the positive feedback on the main thread...

Thanks,
Raindrops