Old Dog with New Tricks

I would love to see your newer open source versions as soon as possible.

Ok so here is my edited version of HiLo 2. I have more things I plan on doing to this code when I get a chance. If you know how to code and want to help me develop it further, please post.

I am not responsible for you using this EA. By downloading it, you agree that any level of loss due to you using this EA is your fault.

Some of the changes include:

Using a magic number as 0 will make it your broker acct number.

When counter trading the bot now waits for a parabolic shift in the opposite direction before placing the trade. It will use the indicator provided. Printed on the screen will be "high shift" and "low shift" This is how many times the bot has touched a new high or low and not placed the counter trade because there hasn't been a parabolic shift yet.

Instead of just testing for breakout or counter trend, it will now test for break up, break down, counter up, and counter down.

Rather then using minimum score or percentage, it now uses straight statistics. So if break up wins more then counter down. Stat high will vote for break up. And if break down wins more then counter up, stat low will vote for break down. Then the bot will trade a breakout strategy.

In addition to the breakout and counter trend strategies. I have added two more. Up trend is when stat high votes break up and stat low votes counter up. The bot will go long on highs and lows. Down trend will go short on highs and lows.

Statistically = True
Needs to be true for the bot to decide a strategy.

BackwardsTrading = False
Instead of going long, you will go short.

HighlowD1TrueH4False = True
If true you will use daily HiLows, if false they will reset every 4 hours.

BacktestD1TrueH1False = True
If true you will optimize once a day, if false you will optimize every hour.

I think that's about all I did to this version. But I am not done yet. Happy trading.

Hi rfking2, how do you go about continuing with the testing? I was doing forward testing for the past 3 weeks with interesting results, but faced with connection error since this Monday. Hadn't been able to continue with my testing for this entire week.

2010.07.15 08:49:10 HiLo Trader [TD] EURJPYm,M1: EURJPY Error:
<br />
<b>Warning</b>: mysql_connect() [<a href='function.mysql-connect'>function.mysql-connect</a>]: User jedcaban_Feeder already has more than 'max_user_connections' active connections in <b>/home8/jedcaban/public_html/ronaldraygunforex/TickDB/Load.php</b> on line <b>20</b><br />
Could not connect: User jedcaban_Feeder already has more than 'max_user_connections' active connections

That connection error has to do with my server, not with rfking2's modifications. I'm still trying a workaround for this error. Worst case, I'll rewrite the receiving script to fail gracefully.

Thanks for the response RR. Cheers

Wow. Very nicely done, rfking.

Appreciate the time and effort.

Hi guys,

I'm new here and I'd like to say I absolutely looove this ea. It just makes sense...

I realize the final version hasn't been released yet but can someone give me an idea of what settings would be a good starting point?

I just kinda winged it so far.

Thanks,

Kim

Thank you MuddBuddha.

rfking, I noticed that when running your version (4), the bot opens the initial position and then a corresponding position about (1) point apart.

Worked out nicely as it profitted all day, but I have the simul trades = 1, so....is that an enable point for more open positions, or a limiting parameter to a single open position?

Let me know when you get time.

I finally have the last of the copyright certificates locked away in a safe deposit box. It's time to release a newer breed of EAs.

This specific EA I wrote almost immediately after I wrote HiLo Trader. I basically took the HiLo Trader concept, and extended it out to optimize the stoploss, trading style (breakout or counter), and trading hour. This EA is smart enough to understand that the market's behavior changes throughout the day, so in the morning, the market may be in a breakout mood, toward the afternoon, the market is more calm and better for counter trending. This EA is capable of handling that.

This EA is unique in the sense that it almost completely ignores the start() function. That said, in order to start or stop this EA, you need to drag a new EA onto the chart or forcefully remove this EA. I suggest you save the settings you use as you cannot always change them while the EA is running.

Here are the settings. I will only explain the relevant inputs. If you don't understand an input that wasn't explained, I suggest you familiarize yourself with my other EAs as this particular EA was a fairly experimental test platform which--in the wrong hands--will quickly destroy accounts. I've modified the code to put in as many safeguards as possible, but you know what they say about idiot-proofing, they always seem to make a better idiot.

extern string Remark1 = "== Main Settings ==";
extern int MagicNumber = 0;
extern bool SignalsOnly = False;
extern bool Alerts = False;
extern bool SignalMail = False;
extern bool PlaySounds = False;
extern bool ECNBroker = False;
extern int SleepTime = 100; The number of miliseconds to wait between market checks.
extern bool EachTickMode = True;
extern int MaxSimultaneousTrades = 10; The number of simultaneous trades allowed at one time.
extern double Lots = 00.1;
extern bool MoneyManagement = False;
extern int Risk = 0;
extern int Slippage = 5;
extern bool UseStopLoss = True;
extern int StopLoss = 200;
extern bool UseTakeProfit = True;
extern int TakeProfit = 200;
extern bool UseTrailingStop = False;
extern int TrailingStop = 30;
extern bool MoveStopOnce = False;
extern int MoveStopWhenPrice = 50;
extern int MoveStopTo = 1;
extern string Remark2 = "";
extern string Remark3 = "== Breakout Settings ==";
extern int BarsToOptimize = 0; The number of bars on the chart to use to optimize against. Set this number to 0 to use every bar on the chart.
extern int InitialRange = 60; The number of bars after the day starts to calculate the high and low.
extern int MaximumBarShift = 1440; When testing a trade, this is the maximum number of bars a trade can stay open.
extern double MinimumWinRate = 50; The minimum amount of winning trades required as a percentage (0 to 100)
extern double MinimumRiskReward = 0; The minimum risk reward required for a trading system. MinimumRiskReward of 1, means the stoploss and takeprofit must at a minimum be equal.
extern double MinimumSuccessScore = 0; See my thread on success score to understand the calculation. This is the minimum success score required.
extern int MinimumSampleSize = 10; The minimum number of trades in a sample (One sample is a specific hour, trading style, and takeprofit/stoploss combination) required to optimize.
extern bool ReverseTrades = False; If set to true, long trades become short trades, and short trades become long trades, and the stoploss and takeprofit are reversed. This allowed me to separately test both the stoploss and the takeprofit in the optimizer itself.
extern string Remark4 = "== Optimize Based On ==";
extern bool HighestProfit = False; Highest pip profit
extern bool HighestWinRate = False; Highest number of winning trades
extern bool HighestRiskReward = False; Highest risk reward (calculated as reward amount / risk amount)
extern bool HighestSuccessScore = True; Highest success score.



To set this EA in a test-run state just to kick the tires:

 

1. Read the comments inside the code. There will be instructions to unlock the EA.
2. Set the lot size to not 0.
3. Make sure the chart has the right number of bars.

I cannot say this enough:

This EA is not user-friendly. This was almost by design. If you have very little experience with EAs, go and familiarize yourself with my other EAs first. I and anyone else who modifies this code and posts it in accordance with the license, will not be held liable in the event something goes horribly wrong. You are responsible for yourself.

Basically, regardless of the MaxSimulTrades setting, the bot continues to open another position as long as the High or Low is struck.

The GBP/USD just pushed to a new daily high and the bot opened another position on each push totaling (4) positions before I disabled it, and "lined" another after being disabled. So it would have been (5) positions on the GBP push.

Closed (3) for +$ and am letting the fourth run it's course, but I'm still a little confused as to why it seems to ignore that parameter.

Take a look at the screen and you'll see what I'm talking about.

Hey Ron,

For the setting BarsToOptimize, does it make sense to set this to 0 really? Say I'm using this on an M5 chart, does it make more sense to set this to a value that uses maybe 5 or 10 days' worth of M5 bars instead of 50,000 bars?

Wow!!!

login: 1755450
investor password: eqak4dw
server IP: 193.46.204.122
magic# 715=EU, 716=GU, 717=UC ==>>> on M1 "Bar used" about 50,000 on printout
my MT4 setting: max bar in history and chart = 250,000 in Options=>Charts
mm=2% , all other is default
http://i26.tinypic.com/17uucx.png

Which EA was running on this?

Ah...OK.

I wish I could say I was surprised.

Ronnie has some talent.

He says he has black hair, but I think he looks more like this:

Hey getting, what settings?

Hey getting,

what was the initial deposit on this demo?

setting:

http://www.forexfactory.com/showpost...&postcount=313

I use 1.5M 1M bars. But it's up to you really. I don't know what the absolute best value is.

You ain't seen nothing yet!

I have never had that problem before. What are your settings? I will check it out when I get home. Although it may be a mute point now that ron finally released his new version. I feel like a kid on christmas with a new toy to play with.