Sixths trading - an EA by macman, Bob and Steve

Hi Steve

I have TB loaded on demo on 20 odd pairs. I note that when you have 5 max trades loaded in the EA the bot will only send 5 pending orders. Not sure how these 5 currency pairs are selected? Would it be useful to allow TB to send pending trades for all the currency pairs but restrict it to only actually open the 5 trades? This would presumably enable trades to open quicker rather than having to wait for the 5 currency pairs the EA has somehow selected to hit their pending orders. Does that make sense?

Re the recovery function... I have been amending the NB bot (and now TB) to kick in recovery at almost double the number of pips - ranging from 300 to 450 pips depending on volatility. This is my attempt to combat the big runs like we have just experienced with EURUSD. This means some trades will take longer to get out of recovery, but it also should limit most of the big losses (in my opinion). I just wonder if you or anyone else has considered tinkering with these also?

Cheers
Pete

@ForexKiwi

based on forward testing, I can confirm that max trades currently works "per currency pair" it's not global max trades. so, it is currently working as per your requirement.

Thanks for that. Would a global max trades therefore be a good idea to allow loading on more pairs without over exposure???

ibuks asked me in an email this morning, if ea's can draw lines on the screen.

That is when it dawned on me that TB can draw the Sixths for us, so we do not need the indi on our charts. This has to cut down on processor use.

The post 1 update has this feature. Play with it. Delete/move the lines manually, and TB will snap the back into place at the next tick.

Am I showing off, or what?

I have added a new input in case we need to temporarily suspend trading - StopTrading. Just remember this will reset if your platform/robot is restarted.

Works great...except for this pair.
Cheers
CanuckCT

Good Morning Steve,
This puppy just keeps sailing along.....All the latest updates aside from the TB with RSI....No Probs...

whip

would i be right in assuming that back test results should be ignored as MPTM has not been taken into consideration?

Two trades...one Primary and the other Secondary. TP set on one and not the other. I presume by this that the two trades are intended to run independently? Sorry if I missed this in the posting above...I did read "most" of it.
Cheers
CanuckCT

guys, do backtest it to give you a bigger picture of what TB does and currently what you have to watch out for.

the last update without the RSI filter, just to give you an idea. even with the default settings, TB already makes it through from 1999 to present on u/j, g/u with not so much DD. (with a 10k balance)

at this state, it really shows potential. Now for the problems encountered. Sorry to put it bluntly but without the MPTM, TB "currently" does not do a good job with the recovery trades leaving the trades open and wait forever for the retrace to happen.

note: to be fair, i have not tested the version w/ bob's recovery in place. backtests certain does not reflect the future... but it does give you a lot of scenarios and conditions to play with (best and worst) without loosing real money haha.

These two trades closed together....so it is considering both trades in the TP decision. I'm just not sure what it is doing.
Cheers
CanuckCT

No pending will be opened until price has passed the bottom line - can't see why it shouldn't work ...

okay, just finished running a couple of tests on the TB w/ rsi function
DD certainly improved a lot. as expected, there were not much trades. As scoobs mentioned, you could increase the lot size given these strict conditions to open trades.

the result? The 4 pairs i've tested w/ open prices only (since i just want an overview of how the modifications handled the trade) all made it w/ just these settings.

MaxTradesAllowed = 5
P/S Trades = True
P lot = 0.1
S lot = 0.05
Start_Recovery_at_trades = 3
use 1.1.2.4Recovery= true
------
the rest default

*note BreakEven = true yields better performance except for g/u which crashed. These are just crude tests. it would be interesting how other pairs would have faired.

ok. this one didn't crash and seems to have better results. Do test on tick by tick if you guys have time.

just rename the file to .set

cheers.

goodnight. (2am here hahaha)

To call this the beast is an appropriate name....trading $1 pips on a $10K account....aggressive I know.....here is the less than 24 hour result.

On that note I'm done for the weekend.

Cheers
CanuckCT

I've been testing with similar pairs but not getting the same kind of results. Would you mind either posting or sending me a copy of the EA you are using so I can compare it with mine.

I'm trading lots of 1 on primary trades, and .3 in secondary trades. I don't get closed trades as often as you seem to, nor do I make as big profits on my closed trades.

Of course, everything in my trading picture is screwed up by the Dollar/Yen pair. I have eight or nine open trades in that pair, all in deep drawdown. Currently I'm in about $1200 of drawdown, of which about $1100 is from that pair. Otherwise, I've pocketed about $650 in profits. And I also screwed up the settings at first, so one of the Dollar/Yen trades is of three full lots, which really skews the picture.

(I've been thinking a bit more about the differences, and they are probably mostly explained by my not zeroing the account and starting afresh after some of the changes. My positions still show the remnants of the drawdown that happened before Steve put on the trading restrictions to limit frequent retrading, and there have been some other changes since then. Not to mention my stupidity in lot size for the first day I had this demo running. Actually, at the start of yesterday the drawdown was more like $2600. So, for the day, the system eliminated about $1400 in drawdown and pocketed $360. That's basically an 18% net gain in a day -- and I'm complaining!!!)

This weekend, I'm going to shut everything down, get the settings right as best I can, and then start fresh on Sunday limiting myself to 2 or 3 pairs at most. With so many pairs trading and so many cancelled orders to wade through, its been very hard for me to figure out what the system is really doing. And it does seem promising.

Even with that in consideration, I still would like to compare the settings on your EA with mine to see if there is something really out of alignment.

Care to share your settings, etc.? Inquiring minds would like to know.

Thanx.

Rob

What be good is to know when the additional RSI filter is neccessary and when it can be switch off per instrument.

I will try and think about this over the weekend and see if can come up with something to test.

But I do know for sure that the current EURO bubble is going to burst with disasterous results.

Scoobs.

Nothing strange there. macman has researched all this and come up with the table that TB works with:

if (StringSubstr(Symbol(), 0, 6) == "AUDCAD") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "AUDCHF") { BarCount = 210; }
if (StringSubstr(Symbol(), 0, 6) == "AUDJPY") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "AUDNZD") { BarCount = 20; }
if (StringSubstr(Symbol(), 0, 6) == "AUDSGD") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "AUDUSD") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "CADCHF") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "CADJPY") { BarCount = 180; }
if (StringSubstr(Symbol(), 0, 6) == "CHFJPY") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "CHFSGD") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "EURAUD") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "EURCAD") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "EURCHF") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "EURGBP") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "EURJPY") { BarCount = 180; }
if (StringSubstr(Symbol(), 0, 6) == "EURNZD") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "EURSGD") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "EURUSD") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "GBPAUD") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "GBPCAD") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "GBPCHF") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "GBPJPY") { BarCount = 180; }
if (StringSubstr(Symbol(), 0, 6) == "GBPUSD") { BarCount = 155; }
if (StringSubstr(Symbol(), 0, 6) == "NZDCAD") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "NZDCHF") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "NZDJPY") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "NZDUSD") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "SGDJPY") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "USDCAD") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "USDCHF") { BarCount = 180; }
if (StringSubstr(Symbol(), 0, 6) == "USDHKD") { BarCount = 170; }
if (StringSubstr(Symbol(), 0, 6) == "USDJPY") { BarCount = 180; }
if (StringSubstr(Symbol(), 0, 6) == "USDSGD") { BarCount = 170; }

Excellent thoughts about the Euro - 'twill do me a huge favour when the bubble does finally burst.

Re Rsi, suggest something and I can code it so we can test it - I set up the bot code in the first place so it really is that easy.

Thanks.