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Nanningbob V5: Steve Hopwood's auto-trading robot

  • #741
  • Sep 16, 2010 5:44pm Sep 16, 2010 5:44pm
Hey guys, I would like a consensus of opinion here.

I have realised it is possible for NB to work with sixths lines drawn on the screen by any version of the indicator, so long as each line has the name 'onesixth' etc, as I believe they all do.

This means it is possible to let users use any version they wish.

Would this be valuable?

 

  1. pro: the bot will work with any version of the indi
  2. con: the user must have the indi loaded

Comments?

  • #742
  • Sep 16, 2010 6:13pm Sep 16, 2010 6:13pm
Steve

I sent you an email on a way of not entering a particular trade if we have a strong trend, intervention or abnormal spike.

Scoobs.
  • #743
  • Sep 16, 2010 6:25pm Sep 16, 2010 6:25pm
Quoting scooby-doo
Steve

I sent you an email on a way of not entering a particular trade if we have a strong trend, intervention or abnormal spike.

Scoobs.
Got it and replied scoobs. Cheers. Can I make it public?

  • #744
  • Edited 6:43pm Sep 16, 2010 6:31pm | Edited 6:43pm
Quoting SteveHopwood
Got it and replied scoobs. Cheers. Can I make it public?

Steve,

I actually meant 5 and 200 as in the screen shot below.

1. if price below bottom gold line then the red line must be > blue line.
2. if price above top gold line then the red line must be < blue line.

This would have mean that we skipped the trade when intervention occurred.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 35 KB
  • #745
  • Sep 16, 2010 6:46pm Sep 16, 2010 6:46pm
Better still look at the 4H chart which NB system is designed for.
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.gif Size: 37 KB
  • #746
  • Sep 16, 2010 7:54pm Sep 16, 2010 7:54pm
Quoting SteveHopwood
Hey guys, I would like a consensus of opinion here...This means it is possible to let users use any version they wish.
Would this be valuable?

  1. pro: the bot will work with any version of the indi
  2. con: the user must have the indi loaded

Comments?

I use the 3.6 DC already used with this EA in all of my trades because I like the fact it stays constant regardless of the zoom, hence avoiding a lot of confusion. When I asked BOB for his opinion regarding this he said that the reason he does not use this indicator is because he does a lot of back tests and he prefers the variable version. It is all the same to me since even when using the EA I have the indicator on the chart to see what is happening.

With regard to ATR filter as you know BOB`s position is that as the system already uses a large number of indicators (7 if you count the divergence) no more is needed and barring SUPER NEWS any other factors such as Central bank interventions and NFP events can be dealt with in recovery. As you can see in the main thread even my suggestion of considering additional indicators resulted in being told off. I have no doubts whatsoever in accuracy of what Bob says because I have seen it proven again and again during the last 6 months (even with the events of first week of May). However, IMHO anything which could reduce the DD is a positive influence, be it this ATR or even a news filter. Having a choice I rather go into L3 being -500 pips rather than -600. For instance you get a long EURUSD signal at 12:00 price 1.2700, at 13:00 after NFP the price is 1.2600, would you rather enter before or after the news.

Kind regards

Kind regards
  • #747
  • Sep 16, 2010 9:50pm Sep 16, 2010 9:50pm
Quoting SteveHopwood
Hey guys, I would like a consensus of opinion here.

I have realised it is possible for NB to work with sixths lines drawn on the screen by any version of the indicator, so long as each line has the name 'onesixth' etc, as I believe they all do.

This means it is possible to let users use any version they wish.

Would this be valuable?

 

  1. pro: the bot will work with any version of the indi
  2. con: the user must have the indi loaded

Comments?

I'm liking the way it is but that's just me. I would prefer if you could include the suggestion by scooby. Seems like that would have prevented all those jpy pairs entered but gone bad because of the BOJ intervention.
  • #748
  • Sep 16, 2010 9:55pm Sep 16, 2010 9:55pm
canuck,
im using the latest max (45). I have attached it. Note that steve also posted regarding a "fixed" bandwidth indicator.

I actually dont have ANY templates on the charts. Just the EA loaded on each chart and all the indis from the zip file in post 1. MAKE SURE ALL THE INDIS ARE IN YOUR /experts/indicators (missing some is the most common cause for problems)

2 other ideas to check:

1) u may want to try with criminalisECN=true (I had to do that)
2) usually if u look at the experts and journals tabs at the bottom of the mt4 terminal and look at the entries, u will get good clues as to what is going on, like if the re are error messages because it is trying to load an indicator that it cant find or an indicator is giving off an error. This is the way I have been able to narrow down issues.

Mine IS trading well, only problem is that I think for EA#2 it is NOT waiting for the 1MA to cross back before entering - which is really causing crazy drawdowns, so Im hoping MAX will answer my queries here re that (Steve already fixed his bot in that regard).

Hope u can get yours going. If not, please post what broker u are using and hopefully u will see some status messages in those tabs that will shed light if u can post some further detail.

Odysseus

Quoting CanuckCT
Hi Odysseus,
Would you mind posting a template, indicators and the EA for Max that is actually taking trades. I'm a dope sometimes when it comes to EAs....and I just cannot get max's to trade...Sept 6 was the last trade. Steve's is trading just fine.
Cheers
CanuckCT
Attached File(s)
File Type: mq4 NBv5-19082010-mx045.mq4   104 KB | 427 downloads
forexfusiondotcom
  • #749
  • Sep 16, 2010 10:33pm Sep 16, 2010 10:33pm
Are u using a sixth indicator? Or is this built into EA.
Cheers
CanuckCT

Quoting odysseus11
canuck,
im using the latest max (45). I have attached it. Note that steve also posted regarding a "fixed" bandwidth indicator.

I actually dont have ANY templates on the charts. Just the EA loaded on...
  • #750
  • Sep 17, 2010 1:35am Sep 17, 2010 1:35am
you have to have the sixths indicator in your experts/indicators folder but it doesnt have to be loaded on a chart. Im not clear on which of the many sixths indicators is required, I am using the one attached and it seems to work fine (the max EA fires orders properly).
Odysseus

Quoting CanuckCT
Are u using a sixth indicator? Or is this built into EA.
Cheers
CanuckCT
Attached File(s)
File Type: mq4 SIXTHS SCREEN VER 3.6_DC.mq4   4 KB | 377 downloads
forexfusiondotcom
  • #751
  • Sep 17, 2010 2:41am Sep 17, 2010 2:41am
Quoting odysseus11
.

so Im hoping MAX will answer my queries here re that (Steve already fixed his bot in that regard).

Odysseus
Yes i have fixed last steve mod, but I found that recovery is not working well since v33.
Unfortunatly I have no time these days for work on the bot
  • #752
  • Sep 17, 2010 2:52am Sep 17, 2010 2:52am
Quoting scooby-doo
Steve,

I actually meant 5 and 200 as in the screen shot below.

1. if price below bottom gold line then the red line must be > blue line.
2. if price above top gold line then the red line must be < blue line.

This would have mean that we skipped the trade when intervention occurred.
Nice idea Scoob
I have added a feature in my bot that I like, concerning price deviation :
Calculate Daily ATR :
DailyATR = iATR(Symbol(), PERIOD_D1, 14, 0) ; // in 4 digits
if(Digits == 5 ) multi = 100000;
if(Digits == 4 ) multi = 10000;
if(Digits == 3 ) multi = 1000;
if(Digits == 2 ) multi = 100;
DailyATR = DailyATR*multi;
Calculate Price Deviation :
Deviationfast=iStdDev(NULL,0,15,0,MODE_EMA,PRICE_CLOSE,0);
Deviationfast=Deviationfast*1.5;
Deviationslow=iStdDev(NULL,0,40,0,MODE_EMA,PRICE_CLOSE,0);
Now we take the highest of the 2 :
if (Deviationfast>Deviationslow) Deviation=Deviationfast;
else Deviation=Deviationslow;
Now we compare with Daily ATR :
bool CalmMarket=false;
if (Deviation<DailyATR) CalmMarket=true;
Now, If CalmMarket=true; we trade green Lines, otherwise we trade GoldenLines

I also use this in order to calculate the RentryLinePips :
ReEntryLinePips =NormalizeDouble(Deviation*2,0);
ReEntryLinePips *= multiplier;
  • #753
  • Edited 3:43am Sep 17, 2010 3:30am | Edited 3:43am
Quoting odysseus11
you have to have the sixths indicator in your experts/indicators folder but it doesnt have to be loaded on a chart. Im not clear on which of the many sixths indicators is required, I am using the one attached and it seems to work fine (the max EA fires orders properly).
Odysseus
I originally added the variable bars input routine to a sixth's indi written by Magnumfreak and renamed it as SIXTHS SCREEN VER 3.6_DC.mq4

Anything including '-DC' will be one of mine - so dodgy coding possible

History:
SIXTHS SCREEN VER 3.6_DC.mq4 allows a variable bars input

SIXTHS SCREEN VER 3.7_DC.mq4 also allows the middle line to be "switched off" & colour changes made to the other lines (thanks to Swingman for this)

SIXTHS SCREEN VER 3.8_DC.mq4 adds the facility to also "switch off" the comments (screen top left) so that they won't clash with other comments if you are also running an EA

SIXTHS SCREEN VER 3.9_DC.mq4 is for use with phover's dashboard. It does not allow the centre line to be "switched off" as it is needed by the dashboard.

Hope this helps .....

Edit:
Max has added nice colours to his version - attached
Attached File(s)
File Type: mq4 SIXTHS SCREEN VER 3.6_DC_max.mq4   6 KB | 524 downloads
  • #754
  • Sep 17, 2010 4:21am Sep 17, 2010 4:21am
Quoting macman
I originally added the variable bars input routine to a sixth's indi written by Magnumfreak and renamed it as SIXTHS SCREEN VER 3.6_DC.mq4

Anything including '-DC' will be one of mine - so dodgy coding possible
...
Hi

I like to zoom in and out of charts and to change the TF to daily, weekly, etc. The code is OK and nothing dodgy about it, I have compared it with the original NB sixths and it seems to give the same results.

Kind Regards
  • #755
  • Sep 17, 2010 4:55am Sep 17, 2010 4:55am
In the more sober light of day, I have had a look at Scoobs' idea for an Atr filter. At first sight, it looks like a mightily impressive idea.

The latest version in post 1 has the new filter. I have not updated the user guide, but scroll down to UseScoobs if you want to change the settings and experiment.

Thanks again for a fabulous insight scoobs. We all appreciate your input hugely.

  • #756
  • Sep 17, 2010 6:26am Sep 17, 2010 6:26am
Quoting SteveHopwood
In the more sober light of day, I have had a look at Scoobs' idea for an Atr filter. At first sight, it looks like a mightily impressive idea.

The latest version in post 1 has the new filter. I have not updated the user guide, but scroll down to UseScoobs if you want to change the settings and experiment.

Thanks again for a fabulous insight scoobs. We all appreciate your input hugely.

Thanks for that Steve. I have a quick question. In the EA we have entries for:
"Allow1"
"Allow2"
"Allow3"
"Allow4"

I presume these refer to EAs 1to 4, if not please let me know. I will run the EA with only EA1 and EA2, because the entry rules for these are well defined and suited for automated trading. EA3 and EA4 are more subjective and it relies on the user`s preferences, especially EA4 can be triggered anywhere as long as you have a 1x3 SMA Cross, this could be dangerous if unattended.

As you mentioned Scoobs idea of ATR seems to be quite useful and as an additional aid to help make a decision it can be handy I have already incorporated it into my NB Templates, however, but I am not so sure for automated trading. As you know having too many conditions would result in no trade being triggered.

Finally, I am going to run this the way I trade manually in order to compare the two. I use mptm with the setting of BE40 and BE profit 30. Also I have the EAs safety feature off so the trade is reentered after being closed because of BE setting. I think you are also using this method.

Kind regards
  • #757
  • Sep 17, 2010 6:36am Sep 17, 2010 6:36am
Quote
I presume these refer to EAs 1to 4, if not please let me know

They do.

  • #758
  • Sep 17, 2010 6:55am Sep 17, 2010 6:55am
Without wishing to hijack or break something that is clearly working...

I have noticed that mega loads of trade setups are ignored purley because of the red line being > 85 or < 15.

You might want to try excluding this condition and replacing it with the ATR suggestion I made.

I noticed this morning that there was a clear sell setup on GBPJPY meeting all the other conditions which would have been ignored because the red line value was 43.385.

This does lead me to think that the StochMACD calculation may not be correct as GBPJPY was clearly over bought from my experience, which meant missing out on +90 pips on this symbol alone.

Anyway, its just a suggestion so I will shut up before someone gets the hump and throws an empty whiskey bottle at me.

Scoobs.
  • #759
  • Sep 17, 2010 7:52am Sep 17, 2010 7:52am
Quoting scooby-doo
Anyway, its just a suggestion so I will shut up before someone gets the hump and throws an empty whiskey bottle at me.

Scoobs.
Now, where would we find an empty whiskey bottle, I wonder?

As it happens, I have been playing on demo with going long on the H4 GJ when the price is towards the bottom of the screen, and short when at the top, and relying on Recovery to dig my coals out of the fire when the trade goes against me.

The 5/200 Atr filter looks as though it might make my game easier to play, so I am receptive to your idea. Actually, it must have a lot of applications.

I am not going to add it to NB; it ain't bust so I ain't fixing it. I am going to produce a version that uses Atr instead of Stoch/Macd so we can compare the two. I will put this up asap so people can play with it.

Cheers again, Scoobs.

  • #760
  • Sep 17, 2010 7:55am Sep 17, 2010 7:55am
Quoting SteveHopwood
Now, where would we find an empty whiskey bottle, I wonder?

As it happens, I have been playing on demo with going long on the H4 GJ when the price is towards the bottom of the screen, and short when at the top, and relying on Recovery to dig my coals out of the fire when the trade goes against me.

The 5/200 Atr filter looks as though it might make my game easier to play, so I am receptive to your idea. Actually, it must have a lot of applications.

I am not going to add it to NB; it ain't bust so I ain't fixing it. I am going to...
ok doky dude.

I would still keep the Stoch 7 and Stoch 14 rules in place but just remove that StochMACD calculation (Red Line).

Cheers

Scoobs.
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