Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone | Page 35 | Forex Factory

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

  • #681
  • Sep 16, 2010 11:13am Sep 16, 2010 11:13am
@ hiredwhip

So can I just clarify exactly what you are doing?

You are using MPTM's hedging function to hedge the original FTLR trade only? Are you using the Recovery mode in FTLR at all? If so, do you hedge these trades or not?

Thanks!

Invisible
  • #682
  • Sep 16, 2010 12:16pm Sep 16, 2010 12:16pm
Quoting Invisible
@ hiredwhip

So can I just clarify exactly what you are doing?

You are using MPTM's hedging function to hedge the original FTLR trade only? Are you using the Recovery mode in FTLR at all? If so, do you hedge these trades or not?

Thanks!

Invisible
The only trades I hedge are the recovery trades....And I do use MPTM..

whip
  • #683
  • Sep 16, 2010 12:58pm Sep 16, 2010 12:58pm
Got it! Great plan as if these spin out of control, the floating DD can get big.

Cheers

Invisible
  • #684
  • Sep 16, 2010 5:01pm Sep 16, 2010 5:01pm
Quoting hiredwhip
The only trades I hedge are the recovery trades....And I do use MPTM..

whip
hiredwhip,

I still try to get my few braincells to work out on how to apply exactly the MPTM thingy to the recovery trades if the herd decides to jump ship (EUR/JPY).
What settings are you using?

Thank you for your input.

Cheers
  • #685
  • Sep 16, 2010 5:48pm Sep 16, 2010 5:48pm
Quoting Pipstrumpf
hiredwhip,

I still try to get my few braincells to work out on how to apply exactly the MPTM thingy to the recovery trades if the herd decides to jump ship (EUR/JPY).
What settings are you using?

Thank you for your input.

Cheers
Have you ever used MPTM before? The truth here would be very helpful to me since I have 125000 chickens starting to market in about an hour. This is a very large farm and it will take 12 hours from the time the catch crew gets here.......So this weekend might be better.....

whip
  • #686
  • Edited Sep 17, 2010 1:40am Sep 16, 2010 8:06pm | Edited Sep 17, 2010 1:40am
Quoting hiredwhip
Have you ever used MPTM before? The truth here would be very helpful to me since I have 125000 chickens starting to market in about an hour. This is a very large farm and it will take 12 hours from the time the catch crew gets here.......So this weekend might be better.....

whip
Not a problem appreciate your response.
I briefly played around with MPTM in the past. Have read the PDF especially the part about hedging.
So far I am just trying to simulate in my head how the MPTM hedge could work if the last recovery trade gets triggered while the BOJ dumps a few more billions of Yen's into the market.
See I could switch off the FTLR recovery EA and hedge manually the recovery trades but obviously an automated hedging system would be better. My hedge would be a pure protection of capital tool, have no intention to make even one cent on a hedge trade.

Anyway thank you and good luck with the crazy little chickens

Cheers
  • #687
  • Sep 17, 2010 1:26am Sep 17, 2010 1:26am
Quoting macman
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.
Macman,

Are you using MPTM with your set up? Sounds not if you have no S/L.

Octo
  • #688
  • Sep 17, 2010 1:34am Sep 17, 2010 1:34am
Quoting SteveHopwood
My pleasure, Rob.

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

I share in expressing appreciation to you Steve for persevering through the frustration and the screams.

You are inspiring in your cleverness, creativity and persistence.

Octo
  • #689
  • Sep 17, 2010 2:42am Sep 17, 2010 2:42am
Quoting octomanoak
Macman,

Are you using MPTM with your set up? Sounds not if you have no S/L.

Octo
Not yet - my 1st stage testing is always without S/L so that I can track the floating DD.

IMHO there is little point in adding MPTM into the mix until you know the basic parameters of the beast under test.
  • #690
  • Sep 17, 2010 5:33am Sep 17, 2010 5:33am
any updates so far Steve?
what do u wanna add to the ftlr bevor finishing it and using it on live?

best regards
Hero calls followed by margin calls...
  • #691
  • Sep 17, 2010 6:22am Sep 17, 2010 6:22am
Quoting octomanoak
I share in expressing appreciation to you Steve for persevering through the frustration and the screams.

You are inspiring in your cleverness, creativity and persistence.

Octo
Cheers.

  • #692
  • Sep 17, 2010 6:23am Sep 17, 2010 6:23am
Quoting PhAnTi'
any updates so far Steve?
what do u wanna add to the ftlr bevor finishing it and using it on live?

best regards
Recovery line stuff from NB and a shed-load more demo to make sure it doesn't kill accounts.

  • #693
  • Sep 17, 2010 6:30am Sep 17, 2010 6:30am
Quoting SteveHopwood
Recovery line stuff from NB and a shed-load more demo to make sure it doesn't kill accounts.

Quote
to make sure it doesn't kill accounts.

that's good : D
Hero calls followed by margin calls...
  • #694
  • Sep 18, 2010 2:25pm Sep 18, 2010 2:25pm
Quoting Pipstrumpf
Not a problem appreciate your response.
I briefly played around with MPTM in the past. Have read the PDF especially the part about hedging.
So far I am just trying to simulate in my head how the MPTM hedge could work if the last recovery trade gets triggered while the BOJ dumps a few more billions of Yen's into the market.
See I could switch off the FTLR recovery EA and hedge manually the recovery trades but obviously an automated hedging system would be better. My hedge would be a pure protection of capital tool, have no intention to make even...
Pipstrumpf,
It's been a long half a day and night and I'm headed to bed with an 8 oz glass of Glenlivet in my hand so I'm going to push the easy button to get you started.
Enclosed is the set file I am using.....remove the .txt from it before you drag it into the presets folder.
If none of this makes any sense to you (and with your obvious experience it should) go back to Steve's link and start rereading....
Have a great weekend....

whip
Attached File(s)
File Type: txt recovery.set.txt   4 KB | 294 downloads
  • #695
  • Sep 18, 2010 5:22pm Sep 18, 2010 5:22pm
Quoting hiredwhip
Pipstrumpf,
It's been a long half a day and night and I'm headed to bed with an 8 oz glass of Glenlivet in my hand so I'm going to push the easy button to get you started.
Enclosed is the set file I am using.....remove the .txt from it before you drag it into the presets folder.
If none of this makes any sense to you (and with your obvious experience it should) go back to Steve's link and start rereading....
Have a great weekend....

whip
hiredwhip

Thanks for your input. Very appreciated.

Cheers
  • #696
  • Sep 20, 2010 6:33am Sep 20, 2010 6:33am
Phanti is back
let's improve the ftlr and make some pips guys!
Hero calls followed by margin calls...
  • #697
  • Sep 21, 2010 8:44am Sep 21, 2010 8:44am
Friends....I just spotted a typo in the set file that I posted in post #694......scroll down to "addmissingtakeprofit" and tic it to false.....To many hours with no sleep.....
Sorry for that......Have a great day..

whip
  • #698
  • Sep 23, 2010 8:12am Sep 23, 2010 8:12am
Good Morning Steve,
Thought you might want to see this EURCAD chart.....MPTM has already filed a law-suit for non-support. Says it wants more money because on D1 charts it will take 3 weeks to unravel this mess.....
Have a great day....

whip
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad.gif Size: 58 KB
  • #699
  • Sep 23, 2010 5:56pm Sep 23, 2010 5:56pm
Yep. Me in a similar position. The platform is complaining that there are only so many 'L4' printings available to it.

Good fun in demo, but glad this is not live trading.

  • #700
  • Sep 24, 2010 11:30am Sep 24, 2010 11:30am
Hi Steve,
Just in case you missed my post on the NB V5 Auto-Trader Thread I'll copy it here.....And this is a great idea....

Originally Posted by SteveHopwood http://cdn.forexfactory.com/images/buttons/viewpost.gif
I had a pm from Beastie suggesting allowing ReEntryLinePips to override the automatic settings provided by Max, should the user wish to do so.

In the latest update, leaving ReEntryLinePips set to zero tells the bot to override this setting. Inputting a different value tells NB to use the input value instead.

Post 1 as usual, but you do not need this update if you never intend to override the automatic setting.

Nice idea Beastie; thanks.


whip

P.S. It would work great on FTLR
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