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Nanningbob V5: Steve Hopwood's auto-trading robot

  • #481
  • Sep 1, 2010 4:17pm Sep 1, 2010 4:17pm
Quoting maxou888
Some improvements :
- Add Allow1, Allow2 ect
- Simple Recovery system, each level have it's own multiplier
- RentryLine Pips is a multiplier of DailyATR
Hi Max

Quick question... will the high volatility check stop the recovery trade as well?
  • #482
  • Sep 1, 2010 8:29pm Sep 1, 2010 8:29pm
Quoting ForexKiwi
Hi Max

Quick question... will the high volatility check stop the recovery trade as well?

We are back to taking trades with these versions thanks Max. Seems to be working nicely. I did however notice it trying the old trick of altering other trades TP's. At worst I can live with that as I use MPTM and most don't make the TP. I'm just happy to see the bot taking trades with valid setups again.

Another couple of questions if you don't mind...

- Are any of the other variables hard coded so that they no longer are user defined (like you had done with the lot size)? I am particularly interested in whether the red line MACD inputs are still able to be altered, as I have been experimenting with different settings for different pairs.

- Is it possible to make the high volatility variable and the high spread variable a user defined input? I suspect that what is high for you may not be high for me down here in Kiwi land.

Thanks for your efforts with this EA. You, Steve, and Simon are very much appreciated.
  • #483
  • Sep 1, 2010 11:38pm Sep 1, 2010 11:38pm
Max, thanks for your modifications, just one thing you'll need to use Bandwidth_v1 to stop the zero divide.

Cheers

Sundgo
  • #484
  • Sep 2, 2010 2:39am Sep 2, 2010 2:39am
here is v011

010 : OB OS display
011 : prohobit enter long if the pair is Overbought (OB), short if OS
Attached File(s)
File Type: mq4 NBv5-19082010-mx011.mq4   98 KB | 276 downloads
  • #485
  • Sep 2, 2010 4:59am Sep 2, 2010 4:59am
Two things....first, my autotrader has stopped trading...the latest versions do not place a trade, period. What am I doing wrong. Second, the trend following aspect of the autotrader might work using parts of a trend following system like this: RSI 50 over/under 50 establishes the trend...MACD 5,20,55 cross in the direction of RSI is the trigger. At +25 move stop to +10 and exit on cross of BB middle line. Recovery of your choice. The pic illustrates your entries.
Cheers
CanuckCT
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-02_0645.jpg Size: 145 KB
  • #486
  • Sep 2, 2010 5:29am Sep 2, 2010 5:29am
I have made a few changes to the robot.

 

  1. removed the management features as they were not working properly.
  2. fixed some of the thingy's that were holding back some of the trading. I am not sure that I have got them all yet.


You should all have seen my post in Bob's thread about the update to mptm. You need to download the latest mptm from post 1 in the mptm thread.

  • #487
  • Sep 2, 2010 9:06am Sep 2, 2010 9:06am
Steve,

What's wrong with Breakeven, JumpingStopPips ?
i have the robot on demo and, as far I can see, they work well !

Did you saw that I've added in my version auto calculation for RentryLinePips ?
I also added :
- protection when Spread increase too much (1/15 of Daily ATR)
- protection when Volatility increase too much : I set a value MaxATR in init() for aech pair and prohibit trading if today range > 130% of MaxATR

For the other features I added (currency exposure, Kg Extreme) I need time to test them.

Cheers

Max
  • #488
  • Sep 2, 2010 10:22am Sep 2, 2010 10:22am
Quoting maxou888
Steve,

What's wrong with Breakeven, JumpingStopPips ?
i have the robot on demo and, as far I can see, they work well !
Nothing would persuade the bot to set be etc on my demo trades earlier this week; I spent an entire day trying to persuade it to.

Quote
Did you saw that I've added in my version auto calculation for RentryLinePips ?
I also added :
- protection when Spread increase too much (1/15 of Daily ATR)
- protection when Volatility increase too much : I set a value MaxATR in init() for aech pair and prohibit trading if today range > 130% of MaxATR

For the other features I added (currency exposure, Kg Extreme) I need time to test them.

Cheers

Max
I did indeed see al this Max. I think you are over-complicating things and are in danger of creating a monster that nobody can actually use, or if people can use will fail by tripping itself up all the time.

  • #489
  • Sep 2, 2010 10:37am Sep 2, 2010 10:37am
Quoting CanuckCT
Two things....first, my autotrader has stopped trading...the latest versions do not place a trade, period. What am I doing wrong. Second, the trend following aspect of the autotrader might work using parts of a trend following system like this: RSI 50 over/under 50 establishes the trend...MACD 5,20,55 cross in the direction of RSI is the trigger. At +25 move stop to +10 and exit on cross of BB middle line. Recovery of your choice. The pic illustrates your entries.
Cheers
CanuckCT
Attachment

I say the same , this bot should not run-away from strong trend...should ride it, as I have said....and yes last version of Max 09 doesn't work... my old version (Steve's 1_2_4),works (old one 1-2-4 recovery), and why we have now 0.4 lots basic ???
what that means ???, for whom ??? I said actually, that bot should close first trade (if there is strong trend, coz this bot is good counter trader), and reenter in trend (bb-midle4 crossing in dir of the trend ,ADX,RSI,MACD,Stoch etc, and to go with real scale-in again in 1-2-4 mode on each cross of midle BB ( where 1-2-4 recovery will be still basic for ranging trends), cutting loses short, letting profits running....

cheers
  • #490
  • Sep 2, 2010 10:51am Sep 2, 2010 10:51am
Quoting SteveHopwood
Nothing would persuade the bot to set be etc on my demo trades earlier this week; I spent an entire day trying to persuade it to.


I did indeed see al this Max. I think you are over-complicating things and are in danger of creating a monster that nobody can actually use, or if people can use will fail by tripping itself up all the time.


hope your fix works Steve.....my (your) "old" version 1_2_4, works great , even in live ,(always 80-90 %) have some prob with S.L., but I manage manually ...on some pairs....baby seat...

and yes, I think that bot is going in wrong direction....0.4 lot fixed ? ...and now is like "Black Box"...user can't do anything, don't like it .....wrong...wrong...wrong..
sorry Max, but Steve's, Simone's (and Bob's) bot are better....
we should think to use strong trend, not to run-away.....bot is good couter-trader, but we can close #1 trade if trend is strong and re-enter in trend scaling in, not recovery (whet would be unification of this bot and David's (steve's) bot, (like real dealers...1-2-4), on crossing op BB midlle , in dir of the current trend (ADX,RSI, MACD, STOCH=== strong trend)...where we will still have recovery 1-2-4 for ranging trends, where this bot is great....

cheers

sorry about my eng....

cheers
  • #491
  • Sep 2, 2010 11:04am Sep 2, 2010 11:04am
Quoting SteveHopwood
Nothing would persuade the bot to set be etc on my demo trades earlier this week; I spent an entire day trying to persuade it to.
tonight I will try to send you a copy of my demo terminal/trading, BE works very well, later during the process I don't know if it's the TS or JumpingTS that works, but that works !
Quoting SteveHopwood
I did indeed see al this Max. I think you are over-complicating things and are in danger of creating a monster that nobody can actually use, or if people can use will fail by tripping itself up all the time.

- Protections (Spread and volatility) it's very simple to understand
- auto calculation for rentryline is obvious and very usefull
- For Currency protection and KG extreme, I am agree with you, too complicated, I only want test this idea, If it's not usefull I will remove

Argon : You should put your head on the freezer and slow down, calm..... quiet..... cool...........
  • #492
  • Sep 2, 2010 11:28am Sep 2, 2010 11:28am
Steve,

This is anothr demo on my office
Look, BE works very well !!!
Attached Image (click to enlarge)
Click to Enlarge Name: example.jpg Size: 221 KB
  • #493
  • Sep 2, 2010 11:29am Sep 2, 2010 11:29am
Quoting maxou888
tonight I will try to send you a copy of my demo terminal/trading, BE works very well, later during the process I don't know if it's the TS or JumpingTS that works, but that works !

- Protections (Spread and volatility) it's very simple to understand
- auto calculation for rentryline is obvious and very usefull
- For Currency protection and KG extreme, I am agree with you, too complicated, I only want test this idea, If it's not usefull I will remove

Argon : You should put your head on the freezer and slow down, calm..... quiet..... cool...........

think I should learn to code instead....

and you max calm, quiet and putt your head in freezer, and think how this great bot can use strong trend, and dont think just how to runaway from strong trend...... coz the bot is great couter-trader....
and get away that 0.4 lot fixed.......

are you working for brokers and dealers ???
  • #494
  • Sep 2, 2010 11:59am Sep 2, 2010 11:59am
Quoting maxou888
Steve,

This is anothr demo on my office
Look, BE works very well !!!
ciao
not listen to people who are never happy .....
You're a good programmer, and you also have good ideas, also, as everyone here, works for free for the group.
So go ahead because you're doing a splendid job.
I also think that you have experience of the market because you are very cautious, far better to lose a chance to gain than to see his / her account to zero ....
The NB system is a great system and has only one flaw, if you want him to work automatically and not manually.
The defect is called DD.
Go ahead and try to minimize the DD, because the DD is the only flaw he has. NB, working by hand, always manages to solve. NB this is very good. But if one of us can not work hand and wants to work automatically must reduce DD.
Your ideas are excellent and the programming too.
many thanks
ciao
Romano
  • #495
  • Sep 2, 2010 12:12pm Sep 2, 2010 12:12pm
Hi romano

You are right, NB strategy is very good, solid.
During 4 years I traded full time but now I have no time (job...) so I need an automatic bot
Yes the DD is the problem.
Just back in home and look my 2 demos: 19-08 version always have les DD than 29-08 version so I continue to develop the first one
(what a pitty that Steve do not une version number to follow versions incresing.. v001, v002 ect... so I use date of issue

sorry no more time my young daughter call me......
  • #496
  • Sep 2, 2010 12:45pm Sep 2, 2010 12:45pm
Quoting maxou888
Hi romano

You are right, NB strategy is very good, solid.
During 4 years I traded full time but now I have no time (job...) so I need an automatic bot
Yes the DD is the problem.
Just back in home and look my 2 demos: 19-08 version always have les DD than 29-08 version so I continue to develop the first one
(what a pitty that Steve do not une version number to follow versions incresing.. v001, v002 ect... so I use date of issue

sorry no more time my young daughter call me......
you're right, continues to use the dates. With this method everyone can keep all the versions and then use that prefers good.
I understand you correctly, you prefer to work automatically, like me, and then continue with development. Well hope you can really do what we all hope, reduce the DD that is the only defect of the NB system.
thanks for the reply.
ciao
Romano
  • #497
  • Sep 2, 2010 1:01pm Sep 2, 2010 1:01pm
If restarted, NB would cheerfully remove the break even tp's from the Recovery trade groups. This is a bug that I have squished in the post 1 update. Users can probably hang on until the weekend to see if there are further updates; just be aware that the bug exists in previous versions.

That apart, Recovery appears to be working superbly; another pair closed at BE earlier today.

I am slowly enhancing the trading logic. The bot took a trade yesterday and a couple today that I took manually on my live account. Here are some observations:

 

  1. #1 and #2 appear to be spot on.
  2. #3 works but could do with some attention. Simon's code insists that the relevant BB line must be at or beyond the top (or bottom) of the screen. There are times when we can see a clear bulge, yet the lines are not at the furthest extremes; we must be missing the occasional trade as a result. Any ideas for making bulge-detection more sophisticated are most welcome.
  3. #4: I simply do not know how to use this within the robot. Live, I use it in most situations where #1 is normally required, unless a potential trade requires the price to cross into the buy/sell zones to touch the BB line. Using #4 as a range trader is not the point of #4, so I need to think about this. Any ideas, guys?
  4. #7: don't really understand what it does, and haven't used it live.

These development issues apart, things are looking good.

  • #498
  • Sep 2, 2010 1:17pm Sep 2, 2010 1:17pm
Folks

here is an update on my further testing on reducing the DD

Best way is an example, I got the #3 Bulge Buy on the CADCHF @ 0.96528. today @ 6:45 GMT+1, If I had taken this trade as per NB rules i would be about 48Pips in DD.

What I have been doing is waiting for the M30 adx DI to cross and/or the Di to approach each other on the H1 before making the entry. As a basic stratagem I have been able to eliminate about 50% - 68% of the DD associated with entering the trade.

As i explained to someone earlier, this is not an && condition. But more in terms of using the NBSignals as the Alert/Flag and the ADX as a trigger.

The NB Condition will no longer be applicable by the time the ADX kicks in (NBSignal - Counter Trend, ADX Trigger - entering on the new trend).

Manually I have been doing very well .... still looking at other options.. but this has been giving the best results so far


PS: On the more volatile pairs I use the M15 ADX to get the quick moves
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-02_1353.jpg Size: 160 KB
  • #499
  • Sep 2, 2010 1:42pm Sep 2, 2010 1:42pm
Very interesting Tread. So essentially it becomes an ADX trading system with pre-conditions based on NBs trade set ups. Anything that can reduce DD reduces risk and also makes reliance on the recovery trades lower. Thanks for sharing.
  • #500
  • Sep 2, 2010 1:54pm Sep 2, 2010 1:54pm
Quoting SteveHopwood

  1. #4: I simply do not know how to use this within the robot. Live, I use it in most situations where #1 is normally required, unless a potential trade requires the price to cross into the buy/sell zones to touch the BB line. Using #4 as a range trader is not the point of #4, so I need to think about this. Any ideas, guys?
  2. #7: don't really understand what it does, and haven't used it live.

These development issues apart, things are looking good.

#4 - is intended to be for those situations where price doesn't quite get to the BB and other conditions are met. A moving average cross gets you in. I guess you need to set a parameter that records how close to BB you get. Then EA4 becomes active. On the MA cross (I think 1 crossing 3) it enters.

#7 - this is what Bob says

"#7 is used if the #2 trade failed in its attempt to get you back to BE or you just missed the #2 trade for some reason. It is the closest thing to trading a trend line break I could come up with. If you like and understand trendline break trades #7 is for you. The #7 MPTM is there for you to use if you try this in the middle of the screen. It is there to protect you from whiplash. I usually dont trade the middle but if I think the fundamentals are strong and I want into a trade at a good time I will use this EA."

Check this post:
http://www.forexfactory.com/showpost...postcount=1186

Don't know if this helps.
Cheers
CanuckCT
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