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Nanningbob V5: Steve Hopwood's auto-trading robot

  • #381
  • Aug 29, 2010 9:26pm Aug 29, 2010 9:26pm
Quoting scooby-doo
Back in 2006 i worked on the worm project, who's goal was to build a fully automated trading system...we did get it too 87% win/loss ratio but the market exposure at times would require wearing several nappies and like you say there wouldnt have been someone to fire as such.

Scoobs.
I am a bit of a book worm and I have read my fair share of trading books. What all of them agree upon is that trading is more an art than science and you can not automate ART.

My own view is that Trading is a profession (that is why professionals are very good at it and large majority of amateurs are not) and like any other profession with EXPERIENCE you get a gut feeling or a sense. This is not unique and is common with almost all professions (e.g. Doctors, lawyers, judges, teachers, etc). Despite Steve`s gallant efforts you can never have a 100% successful EA and you need to baby sit them somewhat.

Kind regards
  • #382
  • Aug 29, 2010 9:48pm Aug 29, 2010 9:48pm
Quoting astral77
I am a bit of a book worm and I have read my fair share of trading books. What all of them agree upon is that trading is more an art than science and you can not automate ART.

My own view is that Trading is a profession (that is why professionals are very good at it and large majority of amateurs are not) and like any other profession with EXPERIENCE you get a gut feeling or a sense. This is not unique and is common with almost all professions (e.g. Doctors, lawyers, judges, teachers, etc). Despite Steve`s gallant efforts you can never have a 100%...
That was also my conclusion after many attempts. If I can get an EA to get the entrances I want then leave the rest of the trading to me it solved a lot of problems. My bad habit in trading manually was bad entrances now I have solved that problem I wonder if I can get great exits???
  • #383
  • Aug 29, 2010 11:43pm Aug 29, 2010 11:43pm
Steve

there must be glitch in the BE logic.
All my open trades, even from other systems are set to TP=BE if they are 25 pips DD...

I tried to check the BE logic in your code but it looks OK to me... maybe a more intelligent brain then me can have a look?
"The only successful substitute for brains is silence."
  • #384
  • Aug 30, 2010 12:00am Aug 30, 2010 12:00am
Is anyone having trades trigger when MA is outside the bollinger bands?

I was watching today and saw a good trade setup on the EURAUD but didn't enter it as I wanted to make sure the EA was going to do it for me. The price was below the gold line and the RWB levels were all correct yet it wasn't looking to get into the trade as the MA was outside the Bollinger Band. Over on the NB V5 thread Nanningbob confirmed it was a good setup. As soon as the MA moved back into the BB the display showed it was looking for a #1 Buy, however by then the price had moved considerably and had missed out on 50+ pips.

I may have missed it somewhere but was there some logic that was put in to prevent a trade of any type kicking in outside the BB? Personally I'd like it to enter whether the MA is outside the BB or not as long as the RWB and Zone A are correct.
  • #385
  • Aug 30, 2010 12:14am Aug 30, 2010 12:14am
Quoting ForexKiwi
Is anyone having trades trigger when MA is outside the bollinger bands?...
Same problem here... EA didn't took the #2 trade on EURAUD...
"The only successful substitute for brains is silence."
  • #386
  • Aug 30, 2010 12:28am Aug 30, 2010 12:28am
Quoting DXTrade
Same problem here... EA didn't took the #2 trade on EURAUD...
Just checked my history and see that I haven't had a #2 since 18th Aug so maybe we have lost them somehow????

Steve, I've had a look at the code to see if anything jumped out at me but that's rather like me trying to perform brain surgery while hanging upside down with my head in a bowl of spagetti. Didn't really stand a chance!
  • #387
  • Aug 30, 2010 12:37am Aug 30, 2010 12:37am
Quoting DXTrade
Hi Steve

some very weird things happening here...

On the CHFJPY the EA opened 2 EA#3 trades ?
On the trade comment on the chart he is waiting for a #1 trade and now, after being some pips down he sat the TP to BE...???

I'm confused
The TP to BE is correct - the robot counted 2 open trades, therefore is in Recovery mode, therefore set the tp's to BE.

The two initial trades in the first place are the problem.

  • #388
  • Aug 30, 2010 12:40am Aug 30, 2010 12:40am
Quoting SteveHopwood
But you cannot rely on backtesting to prove anything where manual intervention is required. The user guide makes it clear that manual intervention is required when there are 4 trades open.

Therefore, using backtesting results as a scare-monger is wrong. If you have an issue with Bob's recovery, then his manual trading thread is the place to do it, not here. This thread is about arriving at the best form of automation possible.



Steve and Scooby doo are both right

the recovery 1_2_4 working great and sometimes a trader must do some things manualy..... like banks and pro traders doing... and there is no an 100% automated system....

and we can not predict the future,if we can , we would need any EA at all !!

cheers
  • #389
  • Aug 30, 2010 12:42am Aug 30, 2010 12:42am
Quoting DXTrade
Steve

there must be glitch in the BE logic.
All my open trades, even from other systems are set to TP=BE if they are 25 pips DD...

I tried to check the BE logic in your code but it looks OK to me... maybe a more intelligent brain then me can have a look?
You cannot use this robot on an account trading other systems.

  • #390
  • Aug 30, 2010 12:46am Aug 30, 2010 12:46am
Quoting ForexKiwi
Steve, I've had a look at the code to see if anything jumped out at me but that's rather like me trying to perform brain surgery while hanging upside down with my head in a bowl of spagetti.
I am curious as to how you know.
  • #391
  • Aug 30, 2010 12:58am Aug 30, 2010 12:58am
Quoting SteveHopwood
I am curious as to how you know.
Can't say anyone's ever let me try - I've come across a few people over the years who I would have liked to have a go on though! Hehehe.
  • #392
  • Aug 30, 2010 1:04am Aug 30, 2010 1:04am
Steve,

No need to worry about it if he is a usa citizen as he will probably not be able to use it in the future anyway. Not with the changes the cftc are going to make such as 10 to 1 leverage and make it where us citizens are stuck trading with only forex brokers in the usa. The Dodd bill just bent over the us forex trader and stuck it where it the sun does not shine. Can you adopt me so I can still trade the forex in the future?

Regards,
Jeff

Quoting SteveHopwood
You cannot use this robot on an account trading other systems.

  • #393
  • Aug 30, 2010 1:14am Aug 30, 2010 1:14am
but Steve
there is something else what bothers me.....
why indi SIXTHS. SCREEN VER.3.6 doesn't have same levels as bot is reading,
when that indi is what bot is using.

when I putt indi manualy doesn't read same levels???

any idea Steve???

ps/ 1-2-4 recovery works great !!!

cheers
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  • #394
  • Aug 30, 2010 1:24am Aug 30, 2010 1:24am
Quoting ForexKiwi
As soon as the MA moved back into the BB the display showed it was looking for a #1 Buy, however by then the price had moved considerably and had missed out on 50+ pips.
UPDATE - The #1 hasn't as yet entered the trade. It is no longer below the gold line, so I presume it won't enter any trade at all. Is there a delay with #1 trades that would have stopped it actually entering the trade before it no longer qualified - or is this a wee bug??
  • #395
  • Aug 30, 2010 1:54am Aug 30, 2010 1:54am
Quoting azjeff
Steve,

No need to worry about it if he is a usa citizen as he will probably not be able to use it in the future anyway. Not with the changes the cftc are going to make such as 10 to 1 leverage and make it where us citizens are stuck trading with only forex brokers in the usa. The Dodd bill just bent over the us forex trader and stuck it where it the sun does not shine. Can you adopt me so I can still trade the forex in the future?

Regards,
Jeff
No worries Jeff

I'm a german citizen, living on the Philippines, trading an Alpari UK account... beside others.
"The only successful substitute for brains is silence."
  • #396
  • Edited 2:40am Aug 30, 2010 2:04am | Edited 2:40am
Quoting argon
but Steve
there is something else what bothers me.....
why indi SIXTHS. SCREEN VER.3.6 doesn't have same levels as bot is reading,
when that indi is what bot is using.

when I putt indi manualy doesn't read same levels???

any idea Steve???

ps/ 1-2-4 recovery works great !!!

cheers
Make sure BarCount is the same for both the indi and the bot - should be 120.

  • #397
  • Aug 30, 2010 2:39am Aug 30, 2010 2:39am
Re the double trade thingy, this can happen because the mt4 platform is crap. It has to be given free of charge by the criminals, because nobody would be stupid enough to pay for it.

I have added a 2 minutes sleep time after a successful trade send. At least, I think it is 2 minutes (all those zeros confuse me), so sing out if it turns out to 20 minutes, or 2 hours, or something.

  • #398
  • Aug 30, 2010 2:42am Aug 30, 2010 2:42am
Quoting ForexKiwi
UPDATE - The #1 hasn't as yet entered the trade. It is no longer below the gold line, so I presume it won't enter any trade at all. Is there a delay with #1 trades that would have stopped it actually entering the trade before it no longer qualified - or is this a wee bug??

Steve, just had the EURAUD trade kick in with 2 x #2 trades at the same time. Seems like it graciously wants to double the profits for us!
  • #399
  • Aug 30, 2010 3:08am Aug 30, 2010 3:08am
I have an extremely stupid question... and god forgive me if Steve gets nuts. So maybe somebody else can answer

I can leave all EA's set to true in the settings and the logic will find it's way?
Or do I have to set only the one I need in the given situation to true and the rest to false?
"The only successful substitute for brains is silence."
  • #400
  • Aug 30, 2010 3:16am Aug 30, 2010 3:16am
Quoting DXTrade
I have an extremely stupid question... and god forgive me if Steve gets nuts. So maybe somebody else can answer

I can leave all EA's set to true in the settings and the logic will find it's way?
Or do I have to set only the one I need in the given situation to true and the rest to false?

You can leave them all set to true and the robot will decide which one applies.
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