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

  • #721
  • Sep 30, 2010 4:24pm Sep 30, 2010 4:24pm
Quoting hiredwhip
Good Morning All,
I'm going to post the end of month results for FTLR ...I'll continue to post weekly next month and we'll see how everything does.

whip...
HI Steve & Whip

It may be the case that this BOT likes H4 more than D1. I decided to move this BOT to one of my penny accounts (I know you are horrified but you know I like to look after the poor brokers) and as of Sunday 18th was using it with 1 cent lots. Due to its success I decided to up the stakes to 5 cents two days ago. What I find really strange that at no time dd was more than 100 pips. Please have a look at my results (60 winners, 4 losers, no open trades), if you wish I will post the set file. As far as I recall I did not change anything and everything should be default, but due to so many things being on my mind recently I can not remember.

Kind Regards
Attached File(s)
File Type: xls IBFX Simone Stevehopwood EA.xls   137 KB | 351 downloads
  • #722
  • Sep 30, 2010 5:28pm Sep 30, 2010 5:28pm
Steve,

Just a quick question, I have MPTM running on a pair managing the recovery trades. Those trades have all a magic number and trade comments assigned.
MPTM is managing those position by that magic number and trade comments only. Overnight it seem that MPTM has set newly open trades immediately to break-even on other pairs with different magic numbers. Is that happening because MT4 is a crap platform and would you recommend to re-boot MT4 whenever I change any inputs on a EA?

Cheers
  • #723
  • Oct 1, 2010 12:30am Oct 1, 2010 12:30am
Quoting Invisible
@ Pippo

I just saw your graph again and realized that the bot is taking tiny TPs. Is that what you are concerned about?

I found this in backtesting earlier versions of the bot: Backtesting would show ludicrously small TP amounts, but then on demo it would produce profit amounts much more in line with what you would expect.

My conclusion is that the backtester is not very good. That is the polite way of putting it.

I think the results that Whip is posting should give you a much better idea of the reality of this bot.

Cheers

Invisible
The MT4 back tester *models* tick data. Yes. That's right. MT4 collects tick data from your broker to display your price and chart feeds, but then throws it away and models it instead to allow you to backtest.

You can download accurate tick data and with some annoying fiddling around get the backtester to use that which raises the quality of your backtesting significantly. Profitability usually improves at that point.

This is what I use for my backtesting (giving me 99% modelling quality) but I don't see how it can work in MT4 with 2 versions of MPTM running on separate charts.

cheers
f451
  • #724
  • Oct 1, 2010 6:59am Oct 1, 2010 6:59am
Hi Steve,

1. The code below causes wrong recovery BE calculation i.e. dd trades take longer to recover (red horizontal line in the pict is BE line). The positive thing is that they eventually recover with the profit. I use UseSqSteve=false which means that sixths indicator shouldn't be really applicable in this case. Could you pls. enlighten me what was the idea behind this condition?

if (Use1.2.4Recovery)
{
if (buy_price < BottomGoldLine) recovery_profit = BottomGoldLine;

2. Another minor point, it might be good idea to have a default value for Max's predefined list of reentrylinepips. If traded symbol is not in the list reentrylinepips is 0 which causes multiple recovery levels trigger at the same price/time.
Attached Image (click to enlarge)
Click to Enlarge Name: recovery be.jpg Size: 103 KB
  • #725
  • Oct 2, 2010 5:48am Oct 2, 2010 5:48am
Whip,

I dig baseball as well

Regards,
Jeff

Quoting hiredwhip
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
Attached Image (click to enlarge)
Click to Enlarge Name: redsox2.jpg Size: 56 KB
Attached Images
  • #726
  • Oct 8, 2010 8:44am Oct 8, 2010 8:44am
Good Morning Steve,
This bot is also sailing along.....Hedgeing and Recovery are coexisting real well...Will try taking alittle more profit next week...Other than that No Probs....

whip
Attached File(s)
File Type: pdf Statement_ 1169439 - Hiredwhip.pdf   86 KB | 451 downloads
  • #727
  • Oct 8, 2010 10:36am Oct 8, 2010 10:36am
Good results Whip, I have same here but with very little DD. AS you know I am Running this on live IBFX account, I was testing with 1 cent lots and around 10 days ago I increased it to 5 cents. If next week it preforms same as before I will increase the lot size to 10 cents. This thread is very quite. It can not be the case that people have lost interest, therefore, it must be the case that everyone is quietly making money and only fools like me shout about it!!!

Kind Regard
  • #728
  • Oct 8, 2010 10:47am Oct 8, 2010 10:47am
Quoting astral77
Good results Whip, I have same here but with very little DD. AS you know I am Running this on live IBFX account, I was testing with 1 cent lots and around 10 days ago I increased it to 5 cents. If next week it preforms same as before I will increase the lot size to 10 cents. This thread is very quite. It can not be the case that people have lost interest, therefore, it must be the case that everyone is quietly making money and only fools like me shout about it!!!

Kind Regard
Hi Astral,
The DD is a little high because I'm running without the trade direction modules in order to get a bigger range of trades to test. The bot is very good and alot of people now know it....
Have a great day

whip

P.S. I'm running a version on a live 1 cent acc that hasn't lost a trade since the first week in July
  • #729
  • Oct 10, 2010 6:50am Oct 10, 2010 6:50am
Good Morning Astral,
Thank you very much for the vouch. It's really appreciated, and when it comes from a person that you have worked with for a good while even more so.....

have a great weekend......whip
  • #730
  • Oct 10, 2010 7:42am Oct 10, 2010 7:42am
lost the overview about this tread : p

lot do to last few weeks,

hope EA is doing well?!

need update
Hero calls followed by margin calls...
  • #731
  • Oct 10, 2010 3:24pm Oct 10, 2010 3:24pm
Quoting PhAnTi'
lost the overview about this tread : p

lot do to last few weeks,

hope EA is doing well?!

need update
PhAnTi,

Yes the beast is running indeed, it does baby steps but after a few weeks of testing, those steps look good. There is still a minor glitch as mentioned by Steve a few posts back, but if you do not mess around with it, this bot is a promising one. Having said that when central banks mess around you may have to intervene yourself but that will be the case anyway if you had traded manually instead of an EA.

Cheers
  • #732
  • Oct 15, 2010 9:19am Oct 15, 2010 9:19am
Good Morning Steve,
End of week for FTLR......It just keeps sailing along......
Have a great weekend......

whip
Attached File(s)
File Type: pdf Statement_ 1169439 - Hiredwhip.pdf   92 KB | 421 downloads
  • #733
  • Oct 15, 2010 11:06am Oct 15, 2010 11:06am
Quoting hiredwhip
Good Morning Steve,
End of week for FTLR......It just keeps sailing along......
Have a great weekend......

whip
Same here WHIP. This week had 326 pips profit (live account), fully automatic with no intervention. I am going to increase the lot size to 10 cents from next week.

Kind Regard
Attached File(s)
File Type: xls FTLR Steve Hopwood results weekending 15 oct 2010.xls   35 KB | 349 downloads
  • #734
  • Oct 15, 2010 12:35pm Oct 15, 2010 12:35pm
Quoting hiredwhip
Good Morning Steve,
End of week for FTLR......It just keeps sailing along......
Have a great weekend......

whip
Howdy Whip,
looks great. The Floating P/L of is always best if positive. Otherwise this is a ticking tub of disappointment. If there is no way to reduce this -$1229.21, it could lead to an avalanche/tenting effect where 50% S.O. leads to irrecoverable leaching on the account.

What has worked for me is that I look at the open trades, and when losses reach 50% (70% tops) of the margin required to open trades, I close all Losers. Better to determine a fixed loss now than to have the account as the SL.

#So, IMHO Real-Time P/L = Net P/L => Closed P/L + Floating P/L = $3148.31 - $1229.21= $1,919.1 {If we should close losers now!}

#Also, if the my Rule Of Thumb was applied, we would have killed losers when the Floating P/L was [minus 50%] of ($1,711.47, the required margin). Then we start again. With a sound strategy as we have here we need only 30% successful trades to remain consistently profitable.

I too have romanticized on not losing a single trade, with a graph inclined at 60 degrees or more. BUT, floating P/L Crashed the party, so we ended with the curve looking like a Tent (inverted V). This happened after 150+ trades. All it takes is a double or triple digit plunge in one of the major Indices, as happened with the Dow-Jones on May 6th of this year and if those trades are in wrong, there is no saving them if we have large/zero individual SL on them. Just sharing what I went through on my journey thus far.

Thanks for sharing and I do hope we can reduce the negating Floating P/L. I prefer to have only positive floating P/L mostly, lose some now than all later.

Bless!
  • #735
  • Oct 15, 2010 12:58pm Oct 15, 2010 12:58pm
Quoting pathumracled
Howdy Whip,
[color=black][font=Verdana]looks great....
Hi Pathumracled,
The DD can be beaten down if I just turn on the trade direction modules. I'm running without them in order to get more trades to test my profit taking measures.....
Have a great day...

whip

This is not the version I am running on one of my live accounts.
  • #736
  • Oct 15, 2010 2:01pm Oct 15, 2010 2:01pm
Quoting astral77
Same here WHIP. This week had 326 pips profit (live account), fully automatic with no intervention. I am going to increase the lot size to 10 cents from next week.

Kind Regard
Hi Astral,
You did better than I did........I'm going to stay with my pennys
Have a great weekend....

whip
  • #737
  • Oct 15, 2010 10:07pm Oct 15, 2010 10:07pm
Results of 3 pairs only after 5 weeks trading (recovery version).

USD/CHF lot size 0.05
EUR/JPY lot size 0.05
GPB/USD lot size 0.05

Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB


Cheers
  • #738
  • Oct 16, 2010 5:45am Oct 16, 2010 5:45am
Quoting Pipstrumpf
Results of 3 pairs only after 5 weeks trading (recovery version).

USD/CHF lot size 0.05
EUR/JPY lot size 0.05
GPB/USD lot size 0.05

Attachment

Cheers
Hi Pipstrumpf
Great looking graph.....It looks like you have FTLR under control.....Let me know how the recovery system is working for you and if you are using hedgeing and how well hedgeing is doing.
Have a great weekend....

whip
  • #739
  • Edited 4:00pm Oct 16, 2010 10:59am | Edited 4:00pm
Just a thought, which may or may not be an improvement...FTLR bases entries on one candle, trading at T1,T2,..., Fib expansions. The idea...When the candle on which the Fibs are drawn is a sufficiently short candle vs average, entries will be modified to adjust to the likelihood of a greater range expansion(ex., First tradable level may become 1.25x.38+100 for T1 sell)). We may do just the opposite for long candles. Looks to me that this adaptation will produce fewer, but safer entries on short candles, and fewer missed opportunities on long candles(due to price's failure to sufficiently exceed their extremes). Trading retracements, I'd rather be trading long candles than short...Of course, I could be wrong. See attached ind.
Attached File(s)
File Type: mq4 Atr&CandleLength.mq4   4 KB | 341 downloads
Vincit qui se vincit.
  • #740
  • Oct 16, 2010 4:06pm Oct 16, 2010 4:06pm
Quoting hiredwhip
Hi Pipstrumpf
Great looking graph.....It looks like you have FTLR under control.....Let me know how the recovery system is working for you and if you are using hedgeing and how well hedgeing is doing.
Have a great weekend....

whip
Hi hiredwhip

Yes the FTLR recovery system is working as it should. Over the last 5 weeks I had over 10 recovery's and they all saved my account form getting stopped out for nothing. The only pair still hedged manually (different account no MPTM) is the EUR/JPY.
Till now I have unhedged L4 successfully and I am just waiting for the next good move on the EUR/JPY to decided the next step of unhedging the remaining positions.

Cheers, have a great weekend too.
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