Sixths trading - an EA by macman, Bob and Steve | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading the Sixths with Snowballs 68 replies

Gann High-Low System with Laguerre/Fisher/VSA/Sixths and others 124 replies

My Sixths trading journal with TOB EA 50 replies

sixths indicator 1 reply

Steve Trading Journal 3 replies

Attachments: Sixths trading - an EA by macman, Bob and Steve
Exit Attachments

Sixths trading - an EA by macman, Bob and Steve

  • #261
  • Oct 17, 2010 4:40pm Oct 17, 2010 4:40pm
Quoting mbkennel
I agree. I'm not going to try it on traditionally trendy pairs like EURUSD AUDUSD EURAUD EURCAD CADJPY.

Our our resident B.S.D. (scooby) says, there is no totally automated strategy which will work. It will always require some thinking and adjustment to the facts of the world.

That USDJPY has been trendy is obviously pissing off the BOJ immensely and they'll try to fight it. If you think the BOJ is going to lose again---as they have been---then give it a try.
I am aware that Barclays have been testing a fully automated forex system for the past 18 months across a variety of currencies. I am told that the results are mind blowingly positive. But as yet I have no way of knowing what methodology it is built on or if the results are true.

However, i very much doubt it could be adapted for the retail market as i am guessing that it must use some sort of hedging not available to mere mortals with 500 buck trading accounts.

Personally, i hope it is not true as I wouldnt like to think what would happen if the top tier trading floors get a hold of it.

Scoobs.
  • #262
  • Oct 17, 2010 5:38pm Oct 17, 2010 5:38pm
Quoting scooby-doo
I am aware that Barclays have been testing a fully automated forex system for the past 18 months across a variety of currencies. I am told that the results are mind blowingly positive. But as yet I have no way of knowing what methodology it is built on or if the results are true.

However, i very much doubt it could be adapted for the retail market as i am guessing that it must use some sort of hedging not available to mere mortals with 500 buck trading accounts.

Personally, i hope it is not true as I wouldnt like to think what would happen if...
Very true, a lot of banks and hedge funds are using 100% automated systems across multiple currecys inc NDFs. Majority is traded via the likes of Reuters dealing extra, EBS, Currenex and other big name ECN hubs.

THe automation that i have witnessed and works is more high frequency models, mathematical models trading in milli seconds and taking small winners/losers on decent size. Lots of firms have capitalised on these high frequency models and doing well from it. As scoob says, off cause there are large hedges being placed
The Kamakazi
  • #263
  • Oct 17, 2010 5:47pm Oct 17, 2010 5:47pm
This worries me. If the big dogs are trading with EAs and moving the markets, then there is no hope for us little folk. Fundamentals and technical analysis will make no sense. If the market hits a technical level and usually moves in a particular way, it wont because their robot is not respecting the rules!
  • #264
  • Oct 17, 2010 5:52pm Oct 17, 2010 5:52pm
Quoting Bl888
Steve

The Beast is truely in its own league....
If you close an existing trade at the secondary line, and open a new one at the same place, isn't that just throwing a tip to your undeserving criminal?

If the economics is the same just change SL/TP at a certain phase, right?
  • #265
  • Oct 17, 2010 5:54pm Oct 17, 2010 5:54pm
Quoting Bl888
Very true, a lot of banks and hedge funds are using 100% automated systems across multiple currecys inc NDFs. Majority is traded via the likes of Reuters dealing extra, EBS, Currenex and other big name ECN hubs.

THe automation that i have witnessed and works is more high frequency models, mathematical models trading in milli seconds and taking small winners/losers on decent size. Lots of firms have capitalised on these high frequency models and doing well from it. As scoob says, off cause there are large hedges being placed
High frequency trading is very much a dirty word ATM - http://www.reuters.com/article/idUSTRE69E1Q520101015

There are senior European politicians now determined to shine some light in the 'Dark Pools'
  • #266
  • Oct 17, 2010 5:56pm Oct 17, 2010 5:56pm
Quoting Viv108
This worries me. If the big dogs are trading with EAs and moving the markets, then there is no hope for us little folk. Fundamentals and technical analysis will make no sense. If the market hits a technical level and usually moves in a particular way, it wont because their robot is not respecting the rules!
Its just the same concept as when your brokers(s) attempt to move the market during low volatility times because of their risk exposure to your existing trades.

However, a currency moves based on fundamentals, no i am not going to get into an argument on that subject. But what will happen in the future is that you will see greater market extremes if this bot(s) become the norm.

But like I said, if it is real, then only certain floors are going to have access to the methodology used. Its not like you will ever see it for sale on ebay for $99 bucks etc.

And dont forget, no automated system can account for geographic annomolies like an earthquake or alike.

I would think that these systems look for patterns from data coming in from Reuters and Bloomberg etc and act accordingly together with hedging routines.

So, dont panic just yet. technicals still play a big part in FX.

Scoobs.
  • #267
  • Oct 17, 2010 6:09pm Oct 17, 2010 6:09pm
Ehup guys. A tiny surprise available at http://www.forexfactory.com/showthread.php?t=261303

I cannot honestly say I think the bot has a future, but have a look and see what you think.

  • #268
  • Oct 17, 2010 6:48pm Oct 17, 2010 6:48pm
I have 3 identical new laptops. 1 EA running on all 3. All using the same Alpari UK live sever. 3 different user IDs. All using the same ISP and hub.

Now, 1 machine says -148.87, 1 machine says -88.46 and the remaining machine says +27.42.

My question is are retail brokers puting different clients onto different price feeds ?

If they are then I am fairly sure that is illegal.

Scoobs.

PS. All 3 machines opened the only/same trade on CADJPY.
  • #269
  • Oct 17, 2010 6:58pm Oct 17, 2010 6:58pm
Quoting scooby-doo
I have 3 identical new laptops. 1 EA running on all 3. All using the same Alpari UK live sever. 3 different user IDs. All using the same ISP and hub.

Now, 1 machine says -148.87, 1 machine says -88.46 and the remaining machine says +27.42.

My question is are retail brokers puting different clients onto different price feeds ?

If they are then I am fairly sure that is illegal.

Scoobs.

PS. All 3 machines opened the only/same trade on CADJPY.
One of my threads is never the wrong place anything you write, scoobs.

I cannot wait to read Alpari's response to your enquiry about this. Look out for a classic example of obfuscation.

  • #270
  • Oct 17, 2010 7:03pm Oct 17, 2010 7:03pm
Quoting SteveHopwood
One of my threads is never the wrong place anything you write, scoobs.

I cannot wait to read Alpari's response to your enquiry about this. Look out for a classic example of obfuscation.

Fcuking bastards if they are. I am sending my analysis to the FSA back in UK as that really is crimminal based on account size if they are doing what is obvious.

I imagine their response will be the 3 laptops may have the same make and model but the internal components are different.

Watch this space as I can see a broker(s) getting a big fcuking fine!!!!!!!!!!!!

Scoobs.
  • #271
  • Oct 17, 2010 7:15pm Oct 17, 2010 7:15pm
Quoting scooby-doo
Fcuking bastards if they are. I am sending my analysis to the FSA back in UK as that really is crimminal based on account size if they are doing what is obvious.

I imagine their response will be the 3 laptops may have the same make and model but the internal components are different.

Watch this space as I can see a broker(s) getting a big fcuking fine!!!!!!!!!!!!

Scoobs.
Oh yes, please. Also they have to wear a great big placard around their neck with the legend 'criminal' painted on it?
  • #272
  • Oct 17, 2010 7:20pm Oct 17, 2010 7:20pm
Quoting SteveHopwood
Oh yes, please. Also they have to wear a great big placard around their neck with the legend 'criminal' painted on it?
I have sent them an email and copied the FSA in. Will post their reply on here when/if i get it.

I cant wait for the response.....................Alpari, fcuking hurry up we are all waiting on this one.



Scoobs.
  • #273
  • Oct 17, 2010 8:57pm Oct 17, 2010 8:57pm
Were all the orders filled at the same time or were they at different times? If slippage occurred then maybe it is the timing of the trade that messed it up. If slippage didn't occur but they got placed on different bars then you know that price is coming from either a different server or being filtered differently. MT4 server has an option to filter price feeds with different levels (to ofcourse help the brokers). I'm guessing if you have a grid EA then they would add spikes... while if you were using the opposite type they would filter it down to less trades or making sure your TP isn't hit.

Maybe this is proof of concept on such actions... is filtering legal? Why would Mt4 server even have such an option?

You can try to run WireShark to see if packets are coming from the same IP on the three seperate accounts, although its a small chance that if the broker was doing this they probably wouldn't be stupid enough to let different IP's send price feeds to their users unless stated in contract.

Jag
  • #274
  • Oct 17, 2010 9:08pm Oct 17, 2010 9:08pm
Quoting sidhujag
Were all the orders filled at the same time or were they at different times? If slippage occurred then maybe it is the timing of the trade that messed it up. If slippage didn't occur but they got placed on different bars then you know that price is coming from either a different server or being filtered differently. MT4 server has an option to filter price feeds with different levels (to ofcourse help the brokers). I'm guessing if you have a grid EA then they would add spikes... while if you were using the opposite type they would filter it down...
I understand your points.

Anyone here that knows me and what I commercially do is not stupid to think that I am new or dumb to this business.

Slippage was not a factor. If it were then i could understand all 3 accounts being the same -/+ outcome.

I do not care that overall I am negative, only the outcome that led such a scenario to happen.

The 100K account is positive and the 4K and 30K accounts are negative.

If you do the maths then it doesnt add up and my only assumption is that they have different size accounts on different price feeds.

if you have 3 different standard accounts then the ratio should be roughly the same give or take a few issues. It cannot be that far out overall.

Thanks,

Scoobs.
  • #275
  • Oct 17, 2010 9:42pm Oct 17, 2010 9:42pm
I don't mean to be the idiot in the room but I've never used an EA before and don't use MT4 for my live trading but this EA seems to be really good according to the posts that I've read here...I've downloaded an MT4 demo but I can't seem to get The Beast up and running! I read the first post...downloaded the files...installed them in the right place but when I try to load The Beast the "journal" says that it has been successfully loaded and then right after it says that it has been removed. What am I doing wrong?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #276
  • Oct 17, 2010 9:51pm Oct 17, 2010 9:51pm
i suspect that you don't have backtesting data. go to Tools>history centre and download 1minute data for each pair you want to test.
Restart MT4 after downloading and before you start testing

rgds
Peter

Quoting MarcVUM
I don't mean to be the idiot in the room but I've never used an EA before and don't use MT4 for my live trading but this EA seems to be really good according to the posts that I've read here...I've downloaded an MT4 demo but I can't seem to get The Beast up and running! I read the first post...downloaded the files...installed them in the right place but when I try to load The Beast the "journal" says that it has been successfully loaded and then right after it says that it has been removed. What am I doing wrong?
  • #277
  • Oct 17, 2010 9:58pm Oct 17, 2010 9:58pm
Quoting peterke
i suspect that you don't have backtesting data. go to Tools>history centre and download 1minute data for each pair you want to test.
Restart MT4 after downloading and before you start testing

rgds
Peter
Thanks Peter...tried that too and it didn't help... I even read through the newbie thread and didn't find a post related to this...I feel like an idiot at this point....maybe this is the Man upstairs telling me to stick to what I know and not to venture into new territory!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #278
  • Oct 17, 2010 9:59pm Oct 17, 2010 9:59pm
Quoting scooby-doo
I understand your points.

Anyone here that knows me and what I commercially do is not stupid to think that I am new or dumb to this business.

Slippage was not a factor. If it were then i could understand all 3 accounts being the same -/+ outcome.

I do not care that overall I am negative, only the outcome that led such a scenario to happen.

The 100K account is positive and the 4K and 30K accounts are negative.

If you do the maths then it doesnt add up and my only assumption is that they have different size accounts on different price feeds.

if...

Sorry Scoobs,

I know that you know what you are doing but I simply just wanted to clarify what happened as it affects us all in the end instead of assuming that slippage was not a factor. I think the key info is that you have drastically different size accounts which would explain the motivation for the broker to do this.

But why Alpari? We all know they are a market maker and wouldn't be happy to see you win. If I had 100k I would go with something like VCap FX which is an aggregate ECN broker with $100k min with Currenex/Lava/Hotspot/FXAll/Integral and others. I was thinking about makin a hedging based HFT using with these guys but $100k min I can't afford.

Jag
  • #279
  • Oct 18, 2010 1:13am Oct 18, 2010 1:13am
Quoting scooby-doo
Fcuking bastards if they are. I am sending my analysis to the FSA back in UK as that really is crimminal based on account size if they are doing what is obvious.

I imagine their response will be the 3 laptops may have the same make and model but the internal components are different.

Watch this space as I can see a broker(s) getting a big fcuking fine!!!!!!!!!!!!

Scoobs.
Scoobs, don't tip the criminal or FSA (assume that FSA will blab everything to the criminal first) off too soon until you have conclusive data. The criminal might just put your accounts on the "honest dealing" setting that they use for the 1 or 2 well connected trouble makers like you.

You need to dump & save tick records of prices with timestamps from different installations/accounts. They might argue "oh this process got the price fourty-two milliseconds before the other one and so that resulted in the different execution".
  • #280
  • Oct 18, 2010 2:38am Oct 18, 2010 2:38am
Quoting scooby-doo
I have sent them an email and copied the FSA in. Will post their reply on here when/if i get it.

I cant wait for the response.....................Alpari, fcuking hurry up we are all waiting on this one.



Scoobs.
Scoobs,

Can't really say I am surprised by this - maybe add a couple of the UK newspapers to your CC list?
0 traders viewing now