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

  • #701
  • Sep 24, 2010 4:24pm Sep 24, 2010 4:24pm
Quoting hiredwhip
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.......
Will do.

  • #702
  • Sep 24, 2010 5:41pm Sep 24, 2010 5:41pm
So far the FTLR recovery robot has recovered 4 times successfully on different pairs. The only outstanding recovery trades are on the EUR/JPY, thanks to BOJ.
For the sake of not knowing about further manipulation by the BOJ, MPTM has been appointed to manage the EUR/JPY pair. No other positions are open so the robot is trading well.
Time will tell on how sucessfully all those central bankers will be in manipulating their currency looking forward in banking pips.
  • #703
  • Sep 24, 2010 7:00pm Sep 24, 2010 7:00pm
Quoting SteveHopwood
Will do.

Steve...Thank you Sir....Have a great weekend....

whip
  • #704
  • Sep 24, 2010 7:04pm Sep 24, 2010 7:04pm
Quoting Pipstrumpf
So far the FTLR recovery robot has recovered 4 times successfully on different pairs. The only outstanding recovery trades are on the EUR/JPY, thanks to BOJ.
For the sake of not knowing about further manipulation by the BOJ, MPTM has been appointed to manage the EUR/JPY pair. No other positions are open so the robot is trading well.
Time will tell on how sucessfully all those central bankers will be in manipulating their currency looking forward in banking pips.
Pipstrumpf
Great news... Glad to see that this bot is working for you....It's a good one....

whip
  • #705
  • Sep 25, 2010 1:10am Sep 25, 2010 1:10am
Quoting hiredwhip
Pipstrumpf
Great news... Glad to see that this bot is working for you....It's a good one....

whip
hiredwhip,

Yes indeed it is a good one. I'm in the game for the long run so what goes up has to come down or "the trend is your friend till it will ......bend"!

Cheers
  • #706
  • Sep 25, 2010 2:42am Sep 25, 2010 2:42am
Quoting Pipstrumpf
hiredwhip,

Yes indeed it is a good one. I'm in the game for the long run so what goes up has to come down or "the trend is your friend till it will ......bend"!
The trender's a bender.

ReEntryLinePips is back as an input. When left at zero, the bot uses Max's table to calculate the value. To override this, put in your own settings.

You will see that I have added a breakeven line. A la NB, the tp's of Recovery trades are supposed to reset if you move the line. They do, but then appear to go back to their original BE, so that bit of the code is not quite correct yet.

Not sure what is wrong, so any blunder-spotting by the code proof-readers here will be much appreciated.

Update in post 1.

  • #707
  • Sep 25, 2010 6:14am Sep 25, 2010 6:14am
Quoting SteveHopwood
The trender's a bender.

ReEntryLinePips is back as an input. When left at zero, the bot uses Max's table to calculate the value. To override this, put in your own settings.

You will see that I have added a breakeven line. A la NB, the tp's of Recovery trades are supposed to reset if you move the line. They do, but then appear to go back to their original BE, so that bit of the code is not quite correct yet.

Not sure what is wrong, so any blunder-spotting by the code proof-readers here will be much appreciated.

Update in post 1.

Thanks Steve.....You're a gentleman and a scholar.....It's loaded up and ready to go for the start of the week.....

whip
  • #708
  • Sep 25, 2010 6:31am Sep 25, 2010 6:31am
Be careful trading XXXJPY pairs with real money at the Sunday candle open.

Scoobs.
  • #709
  • Sep 25, 2010 6:34am Sep 25, 2010 6:34am
Quoting scooby-doo
Be careful trading XXXJPY pairs with real money at the Sunday candle open.

Scoobs.
Thanks for the heads up Scoobs....Haven't had the pleasure of talking to you for awhile....Lots of great information...

whip
  • #710
  • Sep 25, 2010 6:36am Sep 25, 2010 6:36am
Quoting hiredwhip
Thanks for the heads up Scoobs....Haven't had the pleasure of talking to you for awhile....Lots of great information...

whip
If the BOJ Governor resigns today then me thinks the YEN will go nuts when the markets open.

Cheers

Scoobs.
  • #711
  • Sep 25, 2010 6:37am Sep 25, 2010 6:37am
Quoting scooby-doo
If the BOJ Governor resigns today then me thinks the YEN will go nuts when the markets open.

Cheers

Scoobs.
That can't be good...They must think he is miss-handleing the interventions

whip
  • #712
  • Sep 25, 2010 6:52am Sep 25, 2010 6:52am
It's an SIS hatchet job because he made insufficient interventions when we were trading the BOJ robot.

My spies and saboteurs are everywhere.

  • #713
  • Sep 25, 2010 6:53am Sep 25, 2010 6:53am
Quoting SteveHopwood
It's an SIS hatchet job because he made insufficient interventions when we were trading the BOJ robot.

My spies and saboteurs are everywhere.

Now that I can believe....
  • #714
  • Sep 25, 2010 7:22am Sep 25, 2010 7:22am
Hi Steve,
The bot just took it's first trade in the backtester....Nice clean Journal also...

whip
  • #715
  • Sep 26, 2010 9:45am Sep 26, 2010 9:45am
Hi Steve,
I've been doing alot of testing (when I get the time) on the FTLR thread on hedgeing the recovery trades. IMHO the recovery process has a fault in that the trend has to reverse at the start of a new candle in order to fire the recovery trade. This has been working for me 80% of the time but is ripe for a train wreck like I saw on the backtester while I was backtesting NBob V5 Auto-Trader early this AM.
The EJ went straight down 1000 points and hit an SL that I had forgotten to remove....SL= worst way to loose money there is.
There is no way I should have let that pair get that far out of control....It only saw one blue line and a recovery trade was never fired because it never turned.....MPTM would have at least made some money and I wouldn't have had the SL in place.
Finally I'm getting to my point...Hedgeing should be added to the recovery module to protect it and at least make some money
on the runners....MPTM does well but adding hedgeing to the bot would IMHO be better.
Just food for thought.....Have a great weekend..

whip
  • #716
  • Sep 26, 2010 10:42am Sep 26, 2010 10:42am
Quoting hiredwhip
Hi Steve,
I've been doing alot of testing (when I get the time) on the FTLR thread on hedgeing the recovery trades. IMHO the recovery process has a fault in that the trend has to reverse at the start of a new candle in order to fire the recovery trade. This has been working for me 80% of the time but is ripe for a train wreck like I saw on the backtester while I was backtesting NBob V5 Auto-Trader early this AM.
The EJ went straight down 1000 points and hit an SL that I had forgotten to remove....SL= worst way to loose money there is.
There...
Steve....this pic is an after thought to help explain what I'm talking about....
A user input hedgeatpips# would be nice so it could be matched to reentrypips#....
Thanks for looking at this .....

whip
Breakeven line is there but is Blue and hard to see.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 52 KB
  • #717
  • Sep 26, 2010 11:22am Sep 26, 2010 11:22am
Whip,

Today is Sunday and definitely not a day to look at charts. Football yes. lol

Regards,
Jeff

Quoting hiredwhip
Steve....this pic is an after thought to help explain what I'm talking about....
A user input hedgeatpips# would be nice so it could be matched to reentrypips#....
Thanks for looking at this .....

whip
Breakeven line is there but is Blue and hard to see.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cowboys-cheerleader(18).jpg Size: 76 KB
Click to Enlarge Name: jenatitans.jpg Size: 44 KB
Attached Images
  • #718
  • Sep 26, 2010 11:37am Sep 26, 2010 11:37am
Quoting azjeff
Whip,

Today is Sunday and definitely not a day to look at charts. Football yes. lol

Regards,
Jeff
Thanks for that Jeff but my game is baseball.......As my bride of now over 40 years is standing behind me laughing her head off....

whip
  • #719
  • Sep 30, 2010 7:48am Sep 30, 2010 7:48am
Good Morning All,
I'm going to post the end of month results for FTLR (that are a tad short because of a redo) today because I'm not going to be here tommorrow.
FTLR is now fully hedged....both main trades and recovery trades in an attempt to help control (profit from) the run-aways.
The package functions well.....only time will tell if it's good or not....Both trades are set to manage to breakeven at this time until test's are done.
It's all managed by Steve's work of art MPTM....I'll continue to post weekly next month and we'll see how everything does.

whip

P.S. Enclosed is a EURCAD gif to show how the hedges are placed and the statement...
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad.gif Size: 56 KB
Attached File(s)
File Type: pdf Statement_ 1169439 - Hiredwhip.pdf   83 KB | 379 downloads
  • #720
  • Sep 30, 2010 12:18pm Sep 30, 2010 12:18pm
Hi Steve,
Sorry it took me so long to get this together but I had a feed alarm after my last post....
Here is the total package and hopefully all will pick this up and try it out...
I have used it on W1,D1 and 4h.....
This package came from the Super Signal Robot that you wrote that turned out to be a scalper's scalper. I ran it until my blood pressure got so high I had to quit....
You need to drag the 2 MPTM's onto their own 5 min GJ charts and open the same named set file.....FEED TICKS TO MT4!!!
Hopefully we will pick up some testers....

Have a great day

whip

P.S. Please remove the .txt before dragging the set files into the preset folder
Attached File(s)
File Type: mq4 FTLR.mq4   51 KB | 356 downloads
File Type: mq4 MPTM_FTLR.mq4   98 KB | 399 downloads
File Type: mq4 MPTM_Recovery.mq4   98 KB | 376 downloads
File Type: txt ftlr.set.txt   4 KB | 341 downloads
File Type: txt recovery.set.txt   4 KB | 347 downloads
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