Six-pair "Looser" Strategy EA Discussion | Forex Factory

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Six-pair "Looser" Strategy EA Discussion

  • #1
  • First Post: Edited Sep 4, 2010 2:36pm Aug 25, 2010 4:10pm | Edited Sep 4, 2010 2:36pm
I saw a good strategy proposed by forum member Looser and implemented it in various versions of an EA.

Here is Looser's initial thread: http://www.forexfactory.com/showthread.php?t=249386

This is where I jumped in: http://www.forexfactory.com/showpost...&postcount=316

My summary of the strategy: http://www.forexfactory.com/showpost...&postcount=503

Forum member eTrader has been manually executing trades per that strategy and doing very well with it. Versions 09 and 10 are, I believe, the closest to mimicking his manual trading actions that I know of so far. Further information about eTrader's usage of the 6-pair RVI and his trading decisions may bring about future versions of the EA.

Version 06: At least 2 breaches of 24-hour highs/lows needed to enter trades.

Version 07: Mulipair RVI implemented, used as entry signal in addition to at least 2 breaches of 24-hour highs/lows.

Version 08: Uses StartEntryTime (default hour 8) and EndEntryTime (default hour 18) to define a time window for entering trades. There is no time-based closure. Same indicators for entry as version 07.

Version 09: Attempts to mimick eTrader's manual trading as closely as possible, given what is known at this time (26 Aug 2010). Same as version 08, but it uses only six-pair RVI main/signal crosses to determine long/short bias. It does not look for breaches of 24-hour highs/lows needed to enter trades.

Version 09a: Updated attempt to mimick eTrader's manual trading as closely as possible, given what is known at this time (3 Sep 2010). The main RVI and the RVI signal lines have been reversed in the comparison logic after eTrader pointed out my mistake. There is new logic that looks for a cross between the main and signal RVI lines over five 15-minute bars (current plus 4 past bars). Also, to go long, all RVI main samples must be below zero, and to go short, all must be above zero.

Version 09b: Same as version 09a, but it looks for +/-0.15 RVI values at the inflection point to determine long and short bias. Possibly closer to what eTrader is doing than 09a.

Version 10: Same as version 09, but enters trades only once per day.
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Attached File(s)
File Type: mq4 LooserKissMe_06.mq4   31 KB | 561 downloads
File Type: mq4 LooserKissMe_07.mq4   32 KB | 606 downloads
File Type: mq4 LooserKissMe_08.mq4   32 KB | 560 downloads
File Type: mq4 LooserKissMe_09.mq4   30 KB | 608 downloads
File Type: mq4 LooserKissMe_10.mq4   31 KB | 604 downloads
File Type: mq4 LooserKissMe_09a.mq4   37 KB | 608 downloads | Uploaded Sep 3, 2010 2:42pm
File Type: mq4 LooserKissMe_09b.mq4   37 KB | 655 downloads | Uploaded Sep 4, 2010 2:35pm
Open to new approaches.
  • #2
  • Aug 25, 2010 4:59pm Aug 25, 2010 4:59pm
Sorry to see the thread moved to here but such is life. Hang in there.
I haven't had the time/focus to properly test anything lately but there's always another day.
  • #3
  • Aug 25, 2010 5:33pm Aug 25, 2010 5:33pm
I started this thread on my own, TradeRunner. Over time it should become clear that my real focus is strategies and tactics much more than simply how to implement them in software. However I do talk "tech" and some will enter the strategy/tactic discussion through that portal. I welcome them.
Open to new approaches.
  • #4
  • Aug 25, 2010 6:04pm Aug 25, 2010 6:04pm
That's fine MC. I was referring to the Confirm and Basket EA thread being moved to PLAT TECH as you could have "visualized". Good luck.
  • #5
  • Aug 25, 2010 6:35pm Aug 25, 2010 6:35pm
Good trading to you TradeRunner.
Open to new approaches.
  • #6
  • Edited 7:25pm Aug 25, 2010 7:06pm | Edited 7:25pm
MC,

First of all, thanks for the ea. I would like to enquire about the trading time of version 06. Does it open trades when you start the ea? or is there a certain trading time associated with it.

Thanks

Mark

***Never mind. I should have read the first post in more detail.****
  • #7
  • Aug 25, 2010 7:24pm Aug 25, 2010 7:24pm
No trading time, just a requirement that at least two pairs be rising/falling above/below 24-hour highs/lows.
Open to new approaches.
  • #8
  • Aug 26, 2010 6:21am Aug 26, 2010 6:21am
Hi Metacoder,

Can you please add the retry function in your code. Yesterday it took trades on only 3 pairs for me. Looking at the code, I could make out that, we are not checking if the trade is successfully opened or not. I think checking it and then retrying it for fixed number of times, will be very beneficial for everybody as sometimes, broker might reject the trade or because of some network issues.

Thanks for such a gr8 EA.

Thanks,
Prakash
  • #9
  • Aug 26, 2010 6:28am Aug 26, 2010 6:28am
we first have to determine whether this system is profitable in the first place before making an EA
Enter Signature
  • #10
  • Aug 26, 2010 6:34am Aug 26, 2010 6:34am
Quoting vosterfxandy
we first have to determine whether this system is profitable in the first place before making an EA
how will you determine that? without an EA its too difficult to manually open and track all those orders.

Do you have any other idea?
  • #11
  • Aug 26, 2010 10:32am Aug 26, 2010 10:32am
Quoting vosterfxandy
we first have to determine whether this system is profitable in the first place before making an EA
You're not paying attention at all.

There are already several working EAs.

And eTrader and a few others are actively demonstrating the viability of the system.

Silly shoot-from-the-hip drive-by's....
Open to new approaches.
  • #12
  • Aug 26, 2010 10:33am Aug 26, 2010 10:33am
Quoting reachjj
Hi Metacoder,

Can you please add the retry function in your code. Yesterday it took trades on only 3 pairs for me. Looking at the code, I could make out that, we are not checking if the trade is successfully opened or not. I think checking it and then retrying it for fixed number of times, will be very beneficial for everybody as sometimes, broker might reject the trade or because of some network issues.

Thanks for such a gr8 EA.

Thanks,
Prakash
No need for retries.

Most likely, you have run out of margin by the time the third trade is opened.
Open to new approaches.
  • #13
  • Aug 26, 2010 10:35am Aug 26, 2010 10:35am
I saw two profitable sessions with LooserKissMe_06. Looks like the third session will experience a loss.

At any rate, the EA is trading as intended.
Open to new approaches.
  • #14
  • Aug 26, 2010 11:06am Aug 26, 2010 11:06am
Version 07 uploaded. It calculates a 6-pair RVI indicator which I think is similar or the same as what eTrader uses. At least two 24-hour high/low breaches are still required to enter trades.

I calculate the multipair RVI like this:

Inserted Code
  EURUSD_rvi       = iRVI(EURUSDsym, PERIOD_M15, 10, MODE_MAIN, 0);
  EURUSD_rviSignal = iRVI(EURUSDsym, PERIOD_M15, 10, MODE_SIGNAL, 0);
 
  GBPUSD_rvi       = iRVI(GBPUSDsym, PERIOD_M15, 10, MODE_MAIN, 0);
  GBPUSD_rviSignal = iRVI(GBPUSDsym, PERIOD_M15, 10, MODE_SIGNAL, 0);
 
  AUDUSD_rvi       = iRVI(AUDUSDsym, PERIOD_M15, 10, MODE_MAIN, 0);
  AUDUSD_rviSignal = iRVI(AUDUSDsym, PERIOD_M15, 10, MODE_SIGNAL, 0);
 
  USDCHF_rvi       = iRVI(USDCHFsym, PERIOD_M15, 10, MODE_MAIN, 0);
  USDCHF_rviSignal = iRVI(USDCHFsym, PERIOD_M15, 10, MODE_SIGNAL, 0);
 
  USDJPY_rvi       = iRVI(USDJPYsym, PERIOD_M15, 10, MODE_MAIN, 0);
  USDJPY_rviSignal = iRVI(USDJPYsym, PERIOD_M15, 10, MODE_SIGNAL, 0);
 
  USDCAD_rvi       = iRVI(USDCADsym, PERIOD_M15, 10, MODE_MAIN, 0);
  USDCAD_rviSignal = iRVI(USDCADsym, PERIOD_M15, 10, MODE_SIGNAL, 0);
 
  SixPair_rvi = (EURUSD_rvi+GBPUSD_rvi+AUDUSD_rvi+USDCHF_rvi+USDJPY_rvi+USDCAD_rvi) / 6;
  SixPair_rviSignal = (EURUSD_rviSignal+GBPUSD_rviSignal+AUDUSD_rviSignal+
                       USDCHF_rviSignal+USDJPY_rviSignal+USDCAD_rviSignal) / 6;

The six-pair RVI signal line rising above the main RVI indicates a bias to open all long, and
the signal line falling below main RVI indicates a bias to open all short.
Open to new approaches.
  • #15
  • Aug 26, 2010 1:27pm Aug 26, 2010 1:27pm
Quoting MetaCoder
No need for retries.

Most likely, you have run out of margin by the time the third trade is opened.
There were no margin problems... Had around 8k available margin.

Its ok, if you dont want to add np..

thanks,
prakash
  • #16
  • Aug 26, 2010 1:33pm Aug 26, 2010 1:33pm
Most likely then you did not do a Show All in the Market Watch pane. Please read the FAQ before proceeding further. http://www.forexfactory.com/showthread.php?t=252690
Open to new approaches.
  • #17
  • Aug 27, 2010 6:40pm Aug 27, 2010 6:40pm
Hi,

I did some analysis on the today's trades which took in my account.

There were actually 4 cycles.

2 were ended without reversal in some profit. 3rd one ended in reversal with breakeven. 4th one is still going with -ve balance (2 out of 6 pairs are reversed).

I am sure, you are getting confused. So just skip the above sentence and go down.

at the end of the day, Firstime buy/sell resulted in around 600$ loss and reversals got me back around 200$. What am thinking is to have a martingale approach where in I increase my lotsize by 3 times with the reversals.

Its too early to say, if this has a potential but we can test this out for few days.

Let me know your thoughts...

By the way, how your trades went on today?

Thanks,
Prakash
  • #18
  • Aug 27, 2010 6:46pm Aug 27, 2010 6:46pm
Quoting reachjj
Hi,

I did some analysis on the today's trades which took in my account.

There were actually 4 cycles.

2 were ended without reversal in some profit. 3rd one ended in reversal with breakeven. 4th one is still going with -ve balance (2 out of 6 pairs are reversed).

I am sure, you are getting confused. So just skip the above sentence and go down.

at the end of the day, Firstime buy/sell resulted in around 600$ loss and reversals got me back around 200$. What am thinking is to have a martingale approach where in I increase my lotsize...

I am not sure, if my losses are due to the fact that, today is Friday or were due to more than one trade per day.. Using version 9.

Will keep analysing my trades and will update. Please share if you have any interesting ideas.

Thanks,
  • #19
  • Aug 28, 2010 7:44am Aug 28, 2010 7:44am
i tried to run the ea v 10 for back test, it didnt do anything
  • #20
  • Aug 28, 2010 12:11pm Aug 28, 2010 12:11pm
Quoting MetaCoder
Version 07 uploaded. It calculates a 6-pair RVI indicator which I think is similar or the same as what eTrader uses. At least two 24-hour high/low breaches are still required to enter trades.

The six-pair RVI signal line rising above the main RVI indicates a bias to open all long, and
the signal line falling below main RVI indicates a bias to open all short.
MetaCoder, does the code include eTraders guidance to trade only when the crossing is in the top or bottom of the RVI window as opposed to when it's near the middle? As stated by eTrader here

"Precise signals:
Sell when the lines are crossing at the top part of the RVI indicator frame
Buy when the lines are crossing at the bottom part of the RVI indicator frame.
Close the position according to the RVI indicator."

and here

"The cross of the RVI line with signal line above the high level for a short trade and the cross of the RVI line with signal line below the low level for a long trade (level around 0.15 and -0.15)

Is it even possible to code that?
Frazer
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