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Attachments: Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone
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Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

  • #661
  • Sep 14, 2010 11:47am Sep 14, 2010 11:47am
Hi Steve,
I'm sure you have this already but this is the reason I'm beating this horse......enclosed is 2 days trades after the reup...

Thankz...

whip
Attached File(s)
File Type: pdf Statement_ 1158153 - Hiredwhip.pdf   60 KB | 288 downloads
  • #662
  • Sep 14, 2010 4:16pm Sep 14, 2010 4:16pm
Hi Steve,
I only sent one pic but both the EURGBP and EURUSD took the L2 trade on the formation of a new candle. That is about 8 hours late for the EURUSD.....I sure hope you can solve this because recovery started at the touch of the blue line would make an excellent bot way better......I'm at the not having a clue level and off to find my trusty bottle of "G"......

Have a great evening......

whip
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 59 KB
  • #663
  • Sep 14, 2010 4:56pm Sep 14, 2010 4:56pm
Quoting hiredwhip
Hi Steve,
I only sent one pic but both the EURGBP and EURUSD took the L2 trade on the formation of a new candle. That is about 8 hours late for the EURUSD.....I sure hope you can solve this because recovery started at the touch of the blue line would make an excellent bot way better......I'm at the not having a clue level and off to find my trusty bottle of "G"......

Have a great evening......

whip
The bot is programmed to enter Recovery trades when a new candle is already heading in the direction of the original and Recovery trade.

The rationale is obvious; there is no point it taking a Recovery trade whilst the market is still moving in the wrong direction.

Whilst we were trialling shorter tf's than D1, the full impact of this was not seen. Now, of course, we have to wait for the robot to spot a new D1 candle before sending the Recovery trade.

Shall I add a user-choice Recovery candle time frame? RecoveryCandleTF = 240 would tell the bot to start looking for Recovery trades after the next H4 candle opens, for example.

  • #664
  • Sep 14, 2010 4:59pm Sep 14, 2010 4:59pm
Quoting SteveHopwood
The bot is programmed to enter Recovery trades when a new candle is already heading in the direction of the original and Recovery trade.

The rationale is obvious; there is no point it taking a Recovery trade whilst the market is still moving in the wrong direction.

Whilst we were trialling shorter tf's than D1, the full impact of this was not seen. Now, of course, we have to wait for the robot to spot a new D1 candle before sending the Recovery trade.

Shall I add a user-choice Recovery candle time frame? RecoveryCandleTF = 240 would tell the...
That sounds like a solution Steve.....Glad to give it a whirl

whip
  • #665
  • Sep 14, 2010 5:46pm Sep 14, 2010 5:46pm
Quoting hiredwhip
That sounds like a solution Steve.....Glad to give it a whirl

whip
See if this speeds up the process. On demo I have RecoveryCandleTF set to 15 to try to provoke a reaction.

Attached File(s)
File Type: mq4 Steve Hopwood's Fib Target-level retracement auto-trader with Recovery.mq4   49 KB | 339 downloads
  • #666
  • Sep 14, 2010 5:48pm Sep 14, 2010 5:48pm
Quoting SteveHopwood
See if this speeds up the process. On demo I have RecoveryCandleTF set to 15 to try to provoke a reaction.

Thankyou Sir........ That 15 min TF sounds perfect also...

whip
  • #667
  • Sep 15, 2010 5:40am Sep 15, 2010 5:40am
Hehe. The 15 minute candle thingy worked a treat. Sadly, I had forgotten to attach the latest mptm, so the version in use managed the L2 trade to breakeven etc. Hey ho.

I have edited post 1 in light of our experience so far, and renamed the Recovery version with the original name. Future updates will go into post 1.

This robot is looking extremenly good now. A couple of weeks more successful demo-testing and I reckon it will be ready to go live.

  • #668
  • Sep 15, 2010 6:23am Sep 15, 2010 6:23am
Quoting SteveHopwood
Hehe. The 15 minute candle thingy worked a treat. Sadly, I had forgotten to attach the latest mptm, so the version in use managed the L2 trade to breakeven etc. Hey ho.

I have edited post 1 in light of our experience so far, and renamed the Recovery version with the original name. Future updates will go into post 1.

This robot is looking extremenly good now. A couple of weeks more successful demo-testing and I reckon it will be ready to go live.

Yes, very strong potential - below is my M15 test data to date.
73 trades taken, 72 closed in profit, but without the recovery module and without a S/L. USDCHF trade still open & approx 300 pips negative ATM.
Attached Image (click to enlarge)
Click to Enlarge Name: Fib_retrace_M15_73_trades_100pc.png Size: 20 KB
  • #669
  • Edited 7:44am Sep 15, 2010 7:00am | Edited 7:44am
subscribed!

p1p1 up to date?

Quote
Future updates will go into post 1.
just overread my dumb question guys : D
Hero calls followed by margin calls...
  • #670
  • Sep 15, 2010 8:07am Sep 15, 2010 8:07am
Quoting SteveHopwood
Hehe. The 15 minute candle thingy worked a treat. Sadly, I had forgotten to attach the latest mptm, so the version in use managed the L2 trade to breakeven etc. Hey ho.

I have edited post 1 in light of our experience so far, and renamed the Recovery version with the original name. Future updates will go into post 1.

This robot is looking extremenly good now. A couple of weeks more successful demo-testing and I reckon it will be ready to go live.

to be up-to-date....
which one do u talking about Sir.Yoda?
Monster-Muncher or fib target retracement auto EA?

best regards
the töööröö!
Hero calls followed by margin calls...
  • #671
  • Sep 15, 2010 10:55am Sep 15, 2010 10:55am
Quoting PhAnTi'
to be up-to-date....
which one do u talking about Sir.Yoda?
Monster-Muncher or fib target retracement auto EA?

best regards
the töööröö!
Good to see you here PhAnTi'. We are all talking about ftlr.

  • #672
  • Sep 15, 2010 11:11am Sep 15, 2010 11:11am
Quoting SteveHopwood
Good to see you here PhAnTi'. We are all talking about ftlr.

ok,any backtest results so far?(apart from those above) Looking forward to use it for live, but don't have backtest possibilities at the moment ; )

best regards
PhanTi
Hero calls followed by margin calls...
  • #673
  • Sep 15, 2010 12:39pm Sep 15, 2010 12:39pm
It seems it was yesterday but it was beginning of March and I was so despondent, thinking forex trading is not for me and should go back to trading the ftse and the disadvantages LSE has (e.g. stamp duty, high commissions, over reaction to events in other markets, etc). The BOJ method was good when it worked but for every loss you needed around 8 wins to be profitable. Your gallant efforts in creating EAs for Schlossberg`s systems had the same faith as the BOJ EA.

At that point I decided to try Nanningbob`s system one more time and read it in more detail (after a brief encounter this time last year). Well it was no looking back since then, my biggest wish was for you to collaborate with BOB and everyone knows the story after that. Now thanks to you we have NB VER5 EAs, we have the EAs for trading David`s trend method and the now this one. Who could have thought all this could happen in 6 months! I have not had a loss making month since May and hope my fellow traders are in the same situation. More than anything I sincerely wish our Pianist GURU makes loads and loads of money. I know he says he is only the mechanic but he has the perseverance and unique ability to see possibilities that others cannot see. Finally do not forget no car would run properly without the services of a competent mechanic. We are very fortunate to have mechanics like Steve and his helpers like Macman, Scoobs (consulting engineer) and others.

Many thanks Steve, I wish you best of health, happiness and loads of money in life (In that order).

Kind Regards
  • #674
  • Sep 15, 2010 3:40pm Sep 15, 2010 3:40pm
Quoting astral77
Many thanks Steve, I wish you best of health, happiness and loads of money in life (In that order).

Kind Regards
My best wishes, also. I am always amazed by those willing to work so hard and to share their results, without asking for anything in return.

Thanks for everything, Steve.

Rob
  • #675
  • Sep 15, 2010 4:26pm Sep 15, 2010 4:26pm
Quoting astral77
It seems it was yesterday but it was beginning of March and I was so despondent, thinking forex trading is not for me and should go back to trading the ftse and the disadvantages LSE has (e.g. stamp duty, high commissions, over reaction to events in other markets, etc). The BOJ method was good when it worked but for every loss you needed around 8 wins to be profitable. Your gallant efforts in creating EAs for Schlossberg`s systems had the same faith as the BOJ EA.

[color=black][font=Verdana]At that point...
Thanks for the sentiments, astral. I agree with you about the order of significance of healt, happiness and wealth.

We are 'getting there'. Sheer bloody-minded persistence and the refusal to give up wins out every time.

Bob helps a bit, of course.

  • #676
  • Sep 15, 2010 4:28pm Sep 15, 2010 4:28pm
Quoting ChicagoRob
My best wishes, also. I am always amazed by those willing to work so hard and to share their results, without asking for anything in return.

Thanks for everything, Steve.

Rob
My pleasure, Rob.

Mind, I have screamed in frustration elsewhere, but nobody is perfect.

  • #677
  • Sep 15, 2010 5:07pm Sep 15, 2010 5:07pm
Quoting SteveHopwood
My pleasure, Rob.

Mind, I have screamed in frustration elsewhere, but nobody is perfect.

I like you Steve
And i love your EAs

so please finish the ftlr

best regards
Phanti
Hero calls followed by margin calls...
  • #678
  • Sep 15, 2010 5:14pm Sep 15, 2010 5:14pm
Still run the previous recovery version on H4 time frame because personally I believe that we get a better recovery entry position. Of course yesterday with the BOJ intervening the EUR/JPY got caught on the wrong foot, never mind it is in the recovery face right now and it will be most likely take a long time to recover this one. Obviously right now there is one recovery bullet left over, but what if that also failed, bloody BOJ? My thought is to neutralize those position out for the sake of margin requirements for the time been. So the idea would be after the last bullet has been placed X pips against the last recovery all wrong footed position in that pair shall be hedged to neutralize the whole lot. The hedge shall be closed as soon the price comes back to the last recovery price level. After undoing the hedge and price moves again X pips against those positions the same hedge strategy will be executed again. Any suggestions, stupid, crap you are insane or mmhh maybee not a bad idea?
  • #679
  • Sep 15, 2010 5:46pm Sep 15, 2010 5:46pm
Quoting PhAnTi'
...
so please finish the ftlr ...
I think it is of utmost importance for the sake of forex markets that Steve should not attempt anymore coding this evening. What I prescribe is for him to open a bottle of his favourite drink (Scotch I think), relax in his favourite chair/sofa and have a large drink or two or three or more. Hell who is counting. Forget about forex tonight.

Good Night
p.s. I am contemplating between chivas regal or Jameson. Decisions, decisions, wish there was an indicator to decide for me!!!
  • #680
  • Sep 16, 2010 5:32am Sep 16, 2010 5:32am
Quoting Pipstrumpf
Still run the previous recovery version on H4 time frame because personally I believe that we get a better recovery entry position. Of course yesterday with the BOJ intervening the EUR/JPY got caught on the wrong foot, never mind it is in the recovery face right now and it will be most likely take a long time to recover this one. Obviously right now there is one recovery bullet left over, but what if that also failed, bloody BOJ? My thought is to neutralize those position out for the sake of margin requirements for the time been. So the idea would...
Your plan is a good one....I've been using it since Steve nailed the recovery system on FTLR.
It is very easy to implement with MPTM, since Steve was kind enough to comment the recovery trades....Go back a couple of posts to Steve's last post and pick up a copy....A very useful tool IMHO.

whip
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