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A Simple London Breakout V.2

  • #481
  • Aug 25, 2010 8:58am Aug 25, 2010 8:58am
Quoting squalou
We need some "taskforce" to do that, guys...
please contribute as you can.

SQ
Hello,

Can anyone post here good reliable pivot indy?

Rgds,
RL
  • #482
  • Aug 25, 2010 9:05am Aug 25, 2010 9:05am
Gbp/Jpy

Breakout

T1= +67
T2= +121
T3= +121

Running Total= +309 pips

T3 trade closed from Monday at Target 5 with a multiplier of 2.

T3= +504 (+252 x 2)

Final Total= +813 pips

New BO trades will be placed with no multiplier.

Counter Trend

 New CT trades were placed with a multiplier of 2 from Monday.

T1= -134 (-67 x 2)
T2= -134 (-67 x 2)
T3= -134 (-67 x 2)

Running Total= -402 pips

Re-entry

T1= -335 (-67 x 5)
T2= -335 (-67 x 5)
T3= -335 (-67 x 5)

Running Total= -1407 pips

Re-entry

T1= active
T2= active
T3= active

Final Total= -1407 pip

T1, 2, & 3 are still active with a multiplier of 5.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 92 KB
Click to Enlarge Name: gbpjpy2.jpg Size: 85 KB
  • #483
  • Aug 25, 2010 9:59am Aug 25, 2010 9:59am
Quoting mer071898
Many times? If you look at my chart above, it was only triggered twice.
Here is a pic what happened with GBPUSD today....not so nice...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.JPG Size: 133 KB
  • #484
  • Aug 25, 2010 10:02am Aug 25, 2010 10:02am
dear mer
_______________________________________________________________________________________________________________________________________
thanks for your kindness
my reason is attached..
Attached Image (click to enlarge)
Click to Enlarge Name: 1d.jpg Size: 85 KB
  • #485
  • Edited 1:04pm Aug 25, 2010 10:18am | Edited 1:04pm
ok, so, after JohnnyBSmart remarks in post 469, and my reply in post 476,
i have modified the Indi and the EA to allow us to explore further into this direction.

Attached are the modified version of the indi and the EA.

EA Version 1.2b: !!! EDIT#2: v1.2b replaces the v1.2a posted earlier today !!!

!!! i have uploaded a fixed v1.2b here;
- v1.2a fixes a bug when using the Martingale options with only 1 Trade (TP3Factor set to 0).
- v1.2b fixes a bug in the "StickBoxToLatestExtreme", which was sticking the box to the highest price only (never on the lowest price...)

(Note: i have not yet included fixes for the "trade 2&3 not being moved to BE+1" issue, still debugging it...)
- Added "StickBoxToLatestExtreme" input:
when true, the box will "stick" to the box high or low, whichever comes last; else it will be centered on the EMA(box_time_range) value;
(applies when "LimitBoxToMaxSize" is true)

Other changes in EA v1.2:

- when "TP3Factor" is set to 0, Trades 2 & 3 will NOT be sent; only Trade 1 will be used.

- fixed session time calculation issues seen when running MT4 on Linux (thanks to xmph).


NOTE about adding a "buffer" to the box, as suggested by JohnnyBSmart as well: this can be achieved at the moment by playing with the "LevelsResizeFactor" input, setting it to a value > 1.0 will create some "buffer" pips, that will be variable as it is a factor of the box size.
I have not added a clear "BoxBufferInPips" input yet, but this could be done if we(you) find it easier to handle/understand it this way...


=========

Indicator v.3.2a: !!! EDIT: version v.3.2a also has the fix for "StickBoxToLatestExtreme";

- Added "StickBoxToLatestExtreme" input: same as in the EA v1.2;


Backtesters, get set, ready, GO!

Let's see what we can gain from this.

SQ
Attached File(s)
File Type: mq4 3 Tier London Breakout EA v1.2b.mq4   52 KB | 741 downloads
File Type: mq4 3 Tier London Breakout V.3.2a.mq4   20 KB | 667 downloads
  • #486
  • Aug 25, 2010 11:07am Aug 25, 2010 11:07am
Quoting mer071898
We should probably leave TP2 & TP3 in there for those who like trades to run and instead have the option to open 1, 2, or 3 trades.
I had that in mind as another option.
I wanted to avoid adding a new input, and the code changes where very limited(=quick!).
I might just as well recode it that way...


thx
SQ
  • #487
  • Edited 12:54pm Aug 25, 2010 12:28pm | Edited 12:54pm
Quoting squalou
the EA v1.2;
SQ
Squalou, I see that you modify the ECN code for:
Inserted Code
ticket = OrderSend(symbol, type, lots, price, slippage, 0/*stoploss*/, 0/*takeprofit*/, comment, magic, expiration, arrow_color);
      if (ticket != -1) {
        if (stoploss!=0 || takeprofit!=0) {
          Sleep(2000);//wait before modifying the open order
          _OrderModify(ticket, price, stoploss, takeprofit, expiration, arrow_color);
what happen if, due to spread and price action, or most probably a delayed order, you have a StopLoss >= Ask- [(MarketInfo(Symbol(), MODE_STOPLEVEL)+MarketInfo(Symbol(), MODE_SPREAD))*Point];

well you end up with an order that passed without StopLoss ... and if it reversed you are F*"/$%

Doesn't happen ..... well that happened to me on the first day I live traded the system because I set-up the BoxSize to 20, I had a 4spread against me, a 3 slippage and some delay in my order .... went all the way back to .... the other side take profit .. Hmmm not good (hopefully everything is recovered since then).

So if I may, I reiterate the fact that this should be coded as follows (while creating another loop to handle MinSL issues):
Inserted Code
double MinSL = (MarketInfo(Symbol(), MODE_STOPLEVEL)+MarketInfo(Symbol(), MODE_SPREAD))*Point;
      // SLPrice will store the Long or Short StopLoss price.
      double SLPrice;
      
      if (type == OP_BUY) {SLPrice = NormalizeDouble(Ask,Digits) - MinSL;}
      else {SLPrice = NormalizeDouble(Bid,Digits) + MinSL;}
      
      if ((type == OP_BUY) && (stoploss <= SLPrice) )
      {ticket = OrderSend(symbol, type, lots, price, slippage, 0/*stoploss*/, 0/*takeprofit*/, comment, magic, expiration, arrow_color);}
      else if ((type == OP_SELL) && (stoploss >= SLPrice) )
      {ticket = OrderSend(symbol, type, lots, price, slippage, 0/*stoploss*/, 0/*takeprofit*/, comment, magic, expiration, arrow_color);}
      else {Print("Error: SL @Buy does not respect Broker Minimal SL for OrderModify: Desired = ", stoploss, "Minimal = ", SLPrice);return(-1);}
      
      if (ticket != -1) {       
        _OrderModify(ticket, price, stoploss, takeprofit, expiration, arrow_color);

Another solution would be to have a function that checks every order at every tick and assure that a StopLoss is present for every orders, eventually to integrate that mechanism in your OrderCheck/OrderManage function. Which way would you like to go ?

I will finalize the GMT/DST code so that it will be ready for next release.

Thx for providing more input so as to "play" around with the box size .... I think this shall be dynamically determined based on price action if there is specific sign that volatility is high for example.
  • #488
  • Aug 25, 2010 1:09pm Aug 25, 2010 1:09pm
I have updated post #485 with fixed versions.
Please reload them from there.

I haven't integrated the last changes from xmph on previous post yet, so there WILL be new updates to the EA soon.
(sorry xmph, too many things happening in too short timeframe...)

However, you can use the EA v1.2b for backtesting, and for non-ECN brokerz.

SQ
  • #489
  • Aug 25, 2010 2:15pm Aug 25, 2010 2:15pm
Quoting showbaba
can i have ur YM or skype , i want to discuss somethings with u off this thread pls,i cant PM cos of my thread count, if u look at my join date u will know i am not that new also
Thanks,
showbaba,

That's not possible dude. I don't know you. Anything worth talking about you can post it here and I will try to answer your questions.

Now what do you want to know?

Have a great day,

Johnny
  • #490
  • Aug 25, 2010 2:29pm Aug 25, 2010 2:29pm
I had the same idea as Johny BSmort about fake breakouts and would be good to add option as pip buffer and (or else),all can sett it as they want (as spread is wide etc..)... and was wondering why 2 and 3 trades doesn't come to BE +1 ??
and have seen that great team (squalou first) are working on it...great guys !!!
ECN brokers still refuse trades (ie. wrong SL.)...
there is another idea I want to tell...like would be good if and when second trade reach level 2 to move 3th trade to 2cond level +1 like new BE...coz many times I have seen that 3th trade just fail.... all this as optional tools....
and is good idea that can be martingaled just 1st trade .sounds clever...
great job guys

sorry about my bad english
cheers to all
  • #491
  • Aug 25, 2010 2:46pm Aug 25, 2010 2:46pm
Quoting squalou
Hi Johnny,

I'm sure you would have been banned from any of SteveHopwood's threads long ago with your previous posts...
I'm glad you are now getting to useful posts at last...


This is an interesting observation indeed.
The box is formed of 4 parameters: EXTENT in TIME and PRICE, and POSITION in TIME and PRICE.
We have been focussing on the 3 first parameters, and left quite appart the box POSITION in PRICE until now.
And this is clearly a key factor in the success/quality...
Hello squalou,

Gee thanks for the back-handed compliments. I have never been on any of SteveHopwood's threads and actually have posted on very few threads. I've been banned more then once and for the dumbest reasons. People think I'm just plain crazy when I start talking about trading and especially when the discussion leads to EA's. You and Mer are going down the same path so be careful.

The trading methods I see posted on most threads are of little value as they are not designed around any real intelligence. I trade from support to resistance and back again and find indicators as mostly useless pieces of code.

The Fibs are support and resistance levels as big money traders seem to use these thingies and thus have become useful SR levels. I still look at true SR's for reversals and when they line up with the Fibs it's dynamite.

You may find the profit factor on back testing hitting the roof and your tax liability following if you start making changes like this. The brokers will start banning you from trading.

Have a great day,

Johnny
  • #492
  • Aug 25, 2010 4:10pm Aug 25, 2010 4:10pm
Quote
Here is a pic what happened with GBPUSD today....not so nice...

Quote
dear mer

thanks for your kindness
my reason is attached..

The pic I posted was for Tuesday's results, not today. But yes, I see where Wednesday (today) was rough on the Gbp/Usd, but we should all know days like this will happen.
  • #493
  • Aug 25, 2010 5:21pm Aug 25, 2010 5:21pm
Thanks Squalou for your latest version. Just running it on the tester, I've noticed the bugs you can see in the pic attached.

The initial buy order was taken correctly, however after tp, when price came down, the next buy was taken not at the box buy line but some pips 10 pips higher. I've noticed that on the tester on more than one day.

Its also not taking any sells.

Just thought I'd bring it to your attention.

thanks

Pardy
Attached Image (click to enlarge)
Click to Enlarge Name: sq ea.gif Size: 25 KB
  • #494
  • Aug 25, 2010 6:24pm Aug 25, 2010 6:24pm
Quoting rlewan
Hello,

Can anyone post here good reliable pivot indy?

Rgds,
RL
rlewan,

I will post a variety when I get a free moment tonight.

Johnny
  • #495
  • Aug 25, 2010 6:31pm Aug 25, 2010 6:31pm
Quoting squalou
ok, so, after JohnnyBSmart remarks in post 469, and my reply in post 476,
i have modified the Indi and the EA to allow us to explore further into this direction.

Attached are the modified version of the indi and the EA.

EA Version 1.2b: !!! EDIT#2: v1.2b replaces the v1.2a posted earlier today !!!

!!! i have uploaded a fixed v1.2b here;
-...
squalou,

WOW!!! That sure was quick. Great job.

Johnny
  • #496
  • Aug 25, 2010 7:56pm Aug 25, 2010 7:56pm
Quoting sasan1000
Hi Sq.

Today trade on GBPUSD had a serious problem.Candel of market touched the entry buy or entry sell so your EA actuated many times,and suddenly it reversed and went the reverse path and oscillated between two entry buy and entry sell, and it didn't have any good performance in oscillating markets.
Do you have any plan to compensate this problem ?
I apologize you because I'm not good English.
sasan1000,

If you place a fib retracement indicator from Tuesday's high to Tuesday's low you will find the price oscillating at the 50% level which is always the norm. To combat this all you have to do is readjust the box which is now very easy as Squalou has adjusted the code. If you move the box so the 50% retrace line is above or below and use a small box size the price will oscillate from profit to profit level.

This program is geared to the London Open but it will work at any time of the day. I don't use this as advertised as I want to be in the trade at the open and use the buy and sell levels as take profit levels as they are actually lines of support and resistance.

Mer uses these lines as confirmation the price will continue to move up or down once the price breaks through these levels which is correct but the price has to actually break through and not just touch as the price is just as likely to bounce off these levels as break through them. If I get a break through I close one(1) order if I get a retrace down after a cross up I sell all remaining Long orders. I only reenter at the next fib level or other thingies I have over-laid on this template which could be up or down as this line has now become a support line. You can set your own Fib levels or adjust the settings.

I hope this helps,

Johnny
  • #497
  • Aug 25, 2010 8:18pm Aug 25, 2010 8:18pm
Here are a couple of pivot indicators. I have used the offset semafor indicator and please note the #3 will move. The #1 and #2 are reliable. The other pivot indicator I have not tested.

Johnny
Attached File(s)
File Type: mq4 surefirething.mq4   3 KB | 692 downloads
File Type: zip 3_Level_ZZ_Ofset_Semafor.zip   9 KB | 581 downloads
  • #498
  • Aug 26, 2010 1:07am Aug 26, 2010 1:07am
Here are the results for Wednesday.

Eur/Usd

Breakout

 Trades are still open from Tuesday so we open new BO trades with the same multiplier of 5.

T1= +78 (+39+ x 2)
T2= +2 (+1 x 2)
T3= +2 (+1 x 2)

Running Total= +82 pips

T1, 2, & 3 closed from Tuesday with a multiplier of 2.

T1= +64 (+32 x 2)
T2= +118 (+59 x 2)
T3= +64 (+32 x 2)

Running Total= +328 pips

Re-enter

T1= -40
T2= -40
T3= -40

Running Total= +126 pips

Re-entry

T1= -80 (-40 x 2)
T2= -80 (-40 x 2)
T3= -80(-40 x 2)

Running Total= -93 pips

Re-entry

T1= -200 (-40 x 5)
T2= -200 (-40 x 5)
T3= -200(-40 x 5)

Running Total= -693 pips

Re-entry

T1= +507 (+39 x 13)
T2= active
T3= active

Final Total= -186 pips

T2 & 3 still active with a multiplier of 13.

Counter Trend

T1= +39
T2= +78
T3= +39

Final Total= +156 pips

New CT trades will be placed with no multiplier.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 93 KB
Click to Enlarge Name: eurusd2.jpg Size: 81 KB
  • #499
  • Aug 26, 2010 1:11am Aug 26, 2010 1:11am
again good idea, excelent one to trade with 50% H_L daily ! do I understand good ?
you said that the box should be sett with pivot line ??? and you said it should be above or below 50 % Fibo, what is pivot line (isn't ?) ....but aint be better to put pivot in the midlle of the box ??? and I dont understand well if you putt box below or above pivot line ( is that depends of trend, if it is up or down???)
can you explan little better please.

cheers Johnny
  • #500
  • Aug 26, 2010 1:25am Aug 26, 2010 1:25am
Gbp/Usd

Breakout

T1= -32
T2= -32
T3= -32

Running Total= -96 pips

Re-entry

T1= -64 (-32 x 2)
T2= -64 (-32 x 2)
T3= -64 (-32 x 2)

Running Total= -288 pips

Re-entry

T1= -160 (-32 x 5)
T2= -160 (-32 x 5)
T3= -160 (-32 x 5)

Running Total= -768 pips

Re-entry

T1= -416 (-32 x 13)
T2= -416 (-32 x 13)
T3= -416 (-32 x13)

Running Total= -2016 pips

Re-entry

T1= -1088 (-32 x 34)
T2= -1088 (-32 x 34)
T3= -1088 (-32 x 34)

Running Total= -5280 pips

Re-entry

T1= +2759 (+31 x 89)
T2= +5073 (+57 x 89)
T3= +11,926 (+134 x 89)

Running Total= +14,478 pips

T1 & 2 closed from Tuesday with a multiplier of 2.

T1= +114 (+57 x 2)
T2= +208 (+104 x 2)

Final Total= +14,800 pips (And you guys panicked!)

T3 is still active- Target 1 locked in.

Counter Trend

 New CT trade placed with a multiplier of 2 from Monday since no trades were placed yesterday.

T1= -64 (-32 x 2)

Final Total= -64 pips

New CT trades will be placed with a multiplier of 5.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 102 KB
Click to Enlarge Name: gbpusd2.jpg Size: 86 KB
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