Sixths trading - an EA by macman, Bob and Steve
- #103
- Oct 9, 2010 12:28am Oct 9, 2010 12:28am
- | Joined Apr 2008 | Status: Trader | 1,114 Posts
The strange thing of course is that the optimum number of bars for all the other pairs is in the 150-2xx range. This pair is only 20. That might be right, but it might also simply be a typo. And even if it is the result he got, it seems to me that the sixth lines would shift radically compared with the other pairs. It might be the right number, but there is decent enough reason to call it into question.
- #104
- Oct 9, 2010 2:00am Oct 9, 2010 2:00am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
I trade audnzd, if you ever looked at the actual range of movement for this pair typically, the low setting of 20 doesn't suprise me at all
- #105
- Oct 9, 2010 2:12am Oct 9, 2010 2:12am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
To follow up on my previous post I have been doing some backtesting from 2007 and having the higher recovery pips of at least 300 pips is showing better results... for what it's worth.
I do wonder if we would get even better results for this strategy with a hard stop or a stop based on ATR???? Steve, is it worth coding to check in backtesting, or have you already been there?
- #107
- Oct 9, 2010 5:10am Oct 9, 2010 5:10am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
steve,
It's just what I have done in my bot
Renentry line is dynamically calculated
that's work very well
Teel me if you want i isolate the code for you
The latest update is in post 1:
- you can turn Recovery on and off
- Re-entry line calculated dynamically
- there is a stop loss option instead
In 2 & 3, leaving the default pips input at zero tells TB to do the calculation.
This version is for backtesters to play with over the weekend. If you are not a backtester, I suggest you leave re-downloading until closer to market opening in case people have other ideas that I can add.
- #108
- Edited 5:42am Oct 9, 2010 5:17am | Edited 5:42am
Cheers Max. I have already done it, but thanks anyway.
The latest update is in post 1:
- you can turn Recovery on and off
- Re-entry line calculated dynamically
- there is a stop loss option instead
In 2 & 3, leaving the default pips input at zero tells TB to do the calculation.
This version is for backtesters to play with over the weekend. If you are not a backtester, I suggest you leave re-downloading until closer to market opening in case people have other ideas that I can add.
ATM we set up the bot with a fixed number for Primary & Secondary trade sizes.
We could automate this with something like Primary_trade_Lot_size=Equity/100000; or whatever.
If I remember rightly Scooby had some good numbers to use.
Also we would probably need to input a ratio for Primary to Secondary trade sizes.
Not sure how to code this when you can switch off either/or/both Primary & Secondary trades ...
- #110
- Oct 9, 2010 10:31am Oct 9, 2010 10:31am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Cheers Paul. I had only added the code to the Primary sells, forgetting the rest - no idea how that happened.
Fixed in post 1.
Fixed in post 1.
- #112
- Oct 9, 2010 11:44am Oct 9, 2010 11:44am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Hi Steve,
You have exercised a lot of patience with me for a good while...And now with that said.......
IMHO you should offer a #4 profit option to The Beast.....First of all I'm not a fan of a SL, even a pair dynamic one.
If you are going to offer a hard SL why not have #4 be a pair dynamic (70% D1 ATR) hedge to a TP or a hand-off to a 70% D1 ATR hedgethehedge to a TP or Breakeven if first hedge retraces......MPTM's hedges have coexisted very well with the Recovery System when used together......Food for thought....
Have a great day
whip
- #113
- Edited 12:27pm Oct 9, 2010 12:12pm | Edited 12:27pm
- Joined Jul 2009 | Status: Trader | 2,158 Posts
Hi Steve,
ATM we set up the bot with a fixed number for Primary & Secondary trade sizes.
We could automate this with something like Primary_trade_Lot_size=Equity/100000; or whatever.
If I remember rightly Scooby had some good numbers to use.
Also we would probably need to input a ratio for Primary to Secondary trade sizes.
Not sure how to code this when you can switch off either/or/both Primary & Secondary trades ...
Basically you should allow 10000 for each instrument. However the problem arises if all those 8 primary goto 3 levels of recovery. I would imagine you would run out of margin and your broker would start closing them highest loss first.
But I guess that would be extreme market conditions for that to occur. But in this game as many of you have seen you need to account for the worst case scenario. There is no point going for high lot sizes and making 20% in the first week only to blow your entire account in the second week.
I dont trade with my own money on a daily basis but you guys do so just be carefull and live to trade another day.
Remember small consistent profits over a long period is better than big bang approach as seen by some investment bankers and traders in the news recently. When it works great but when it fails then you are fcuked. BIG TIME.
I have said many times but no one likes to hear it but if you want to increase your profits then the best way is to increase the size of your trading account first. Not blindly increasing your lot sizes.
There is nothing worse than looking at your broker closing your trades for you because you are about to run out of margin. And god forbid this doesnt happen during NFP or alike as you could well end up owing your broker more money regardless of their small print gauranteeing stops etc. That is a sales pitch, they cannot control their price feeds during extreme volatility. They will ofcourse TRY to close you out but they actually have very limited control during these times.
Scoobs.
- #114
- Oct 9, 2010 12:35pm Oct 9, 2010 12:35pm
- | Joined Nov 2009 | Status: Trader | 4,980 Posts
Hedging is in my thoughts for those huge runners that refuse to retrace. Let's see how things go for a while first.
Thanks for considering it......
Have a great weekend
whip
- #115
- Oct 9, 2010 1:11pm Oct 9, 2010 1:11pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
On a different matter, and to give you all a giggle - at least those of you who run or have run teenage daughters.
We all know that these can be wayward creatures, prone to wild outbursts of temper. On a good day.
Here in my part of the UK, we have a word for someone in a bad mood - 'mardy'.
I pitched up at a house last night to teach son and daughter, both teens. Said mum, "Son is going first. Miss Mardy Stropalot needs time to cool down."
We all know that these can be wayward creatures, prone to wild outbursts of temper. On a good day.
Here in my part of the UK, we have a word for someone in a bad mood - 'mardy'.
I pitched up at a house last night to teach son and daughter, both teens. Said mum, "Son is going first. Miss Mardy Stropalot needs time to cool down."
- #116
- Oct 9, 2010 1:56pm Oct 9, 2010 1:56pm
- | Joined Nov 2009 | Status: Trader | 4,980 Posts
On a different matter, and to give you all a giggle - at least those of you who run or have run teenage daughters.
We all know that these can be wayward creatures, prone to wild outbursts of temper. On a good day.
Here in my part of the UK, we have a word for someone in a bad mood - 'mardy'.
I pitched up at a house last night to teach son and daughter, both teens. Said mum, "Son is going first. Miss Mardy Stropalot needs time to cool down."
I had to stop and respond to this.... And I can laugh at this now since my 3 daughters are grown and married (one set of twins)....My bride and I started alot of sentences with "Are we ever going to see the end of this"
My son was better for it(last).....I still love them all.
whip
Cheers Max. I have already done it, but thanks anyway.
The latest update is in post 1:
- you can turn Recovery on and off
- Re-entry line calculated dynamically
- there is a stop loss option instead
In 2 & 3, leaving the default pips input at zero tells TB to do the calculation.
This version is for backtesters to play with over the weekend. If you are not a backtester, I suggest you leave re-downloading until closer to market opening in case people have other ideas that I can add.
- #118
- Oct 9, 2010 8:52pm Oct 9, 2010 8:52pm
- Joined Oct 2007 | Status: Summer is the best time of year! | 1,284 Posts
Hi Rob...
Here are two set files and the respective versions of the EA. I'll include both as it might be difficult to sort out exactly what I'm running. Version control is a bit hard to manage. I will be leaving this run for the week...and set a different forward for the latest changes.
Cheers
CanuckCT
For instance a version of The Beast downloaded today would become 'The Beast 101010.mq4' (month,date,year)
If there is more than one version on the same day the next one would become 'The Beast 101010-1.mq4' etc
Very useful if you want to look back at something.