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Sixths trading - an EA by macman, Bob and Steve

  • #281
  • Oct 18, 2010 3:47am Oct 18, 2010 3:47am
Hello everyone. I've been looking at the source code for this EA trying to figure out how it works (its around 1,500 lines and it's hard to reverse engineer these things). So I think I'll just ask. As far as I can see it involves looking back barCount bars , getting the highest, getting the lowest, over this period, dividing it by 6, then drawing 5 lines dividing up this zone... then... As far as I can see it places pending orders at these lines anticipating that if the prices goes through one of these lines it will continue in that direction.. Am I on the right track?
Also I have this EA running on 2 (eurusd) charts on my terminal with slightly different settings. Is this Ok or will mess them up? I notice the second window has a counter counting down to the next bar's opening time however the counter on the first window has stopped. Does this mean the EA is disabled?
Heres some of my .set files here if anyone's interested. I backtested it back to the beginning of 2010 and got some nice looking results. They're all for EURUSD H1 charts.
Also Steve, if you're reading this, your code is a little inefficient at parts. If you want I could try and make some changes to it and make it faster and more efficient. I'm running it on an i7 machine and it's still pretty slow doing the backtests. I imagine this is most frustrating for traders using laptops and slower machines. Just say the word and I'll do some work to speed it up and post it here later.
Attached File(s)
File Type: zip eu-h1-4.zip   5 KB | 326 downloads
  • #282
  • Oct 18, 2010 3:56am Oct 18, 2010 3:56am
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.


Crickey thats bad...... Ive jsut done the same test on Activ, they all line up fortunately...
The Kamakazi
  • #283
  • Oct 18, 2010 6:33am Oct 18, 2010 6:33am
Quoting FrinkFX
Hello everyone. I've been looking at the source code for this EA trying to figure out how it works (its around 1,500 lines and it's hard to reverse engineer these things). So I think I'll just ask. As far as I can see it involves looking back barCount bars , getting the highest, getting the lowest, over this period, dividing it by 6, then drawing 5 lines dividing up this zone... then... As far as I can see it places pending orders at these lines anticipating that if the prices goes through one of these lines it will continue...
Frink,
EA anticipates that when price goes through the green or gold line it will at some time retrace back to the line and initiate a trade. It's a counter trend strategy.
  • #284
  • Oct 18, 2010 6:43am Oct 18, 2010 6:43am
Quoting FrinkFX
Also Steve, if you're reading this, your code is a little inefficient at parts. If you want I could try and make some changes to it and make it faster and more efficient. I'm running it on an i7 machine and it's still pretty slow doing the backtests. I imagine this is most frustrating for traders using laptops and slower machines. Just say the word and I'll do some work to speed it up and post it here later.
Please do. I always like to learn, so some speeding-up techniques would be great.

  • #285
  • Oct 18, 2010 7:31am Oct 18, 2010 7:31am
Quoting FrinkFX
Hello everyone. I've been looking at the source code for this EA trying to figure out how it works (its around 1,500 lines and it's hard to reverse engineer these things). So I think I'll just ask. As far as I can see it involves looking back barCount bars , getting the highest, getting the lowest, over this period, dividing it by 6, then drawing 5 lines dividing up this zone... then... As far as I can see it places pending orders at these lines anticipating that if the prices goes through one of these lines it will continue...
Hi
I'm sitting in the middle of my farm in a pickup truck with a Shih Tzu running this robot on an older laptop and reading this thread while I'm waiting for my chicken feed to finish running up. This bot runs pretty good......Why don't you send me that i7 machine of yours and I'll speed it up for you if you're having trouble with that puppy.......
  • #286
  • Oct 18, 2010 7:32am Oct 18, 2010 7:32am
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?
Welcome to the whacky world of MT4.

A fiver says your experts are disabled. Your post has prompted me to add some info about this to the 'Setting up TB' in post 1. Try this and see if it solves your problem.

  • #287
  • Oct 18, 2010 7:36am Oct 18, 2010 7:36am
Quoting FrinkFX
Hello everyone. I've been looking at the source code for this EA trying to figure out how it works (its around 1,500 lines and it's hard to reverse engineer these things). So I think I'll just ask. As far as I can see it involves looking back barCount bars , getting the highest, getting the lowest, over this period, dividing it by 6, then drawing 5 lines dividing up this zone... then... As far as I can see it places pending orders at these lines anticipating that if the prices goes through one of these lines it will continue...
You didn't have to plough through the code to learn that. Reading post 1 would have been easier, but yes, you are correct.

Quote
Also I have this EA running on 2 (eurusd) charts on my terminal with slightly different settings. Is this Ok or will mess them up?
Mess up.

Quote
I notice the second window has a counter counting down to the next bar's opening time however the counter on the first window has stopped. Does this mean the EA is disabled?
Yes. The sole purpose of the counter is to reassure users that the bot is up and running. If the display fails to update with each tick, it has stopped.

  • #288
  • Oct 18, 2010 8:12am Oct 18, 2010 8:12am
Quoting SteveHopwood
Welcome to the whacky world of MT4.

A fiver says your experts are disabled. Your post has prompted me to add some info about this to the 'Setting up TB' in post 1. Try this and see if it solves your problem.

Thanks Steve. I gave it a shot but still seem to be the 800lb idiot in the room. I'm going to post my screen shot over in the newbie thread so that you can see that I have indeed followed your instructions. Whenever you get a chance...this is no emergency. Cheers.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #289
  • Oct 18, 2010 8:56am Oct 18, 2010 8:56am
I'm using the 10 Oct 2010 version, am getting "jumping stop function failed to set SL at breakever, with error(130): invalid stops".

Running it with all default settings.

Is this something to be concerned about or actioned upon?

Thanks in advance,
Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #290
  • Oct 18, 2010 9:05am Oct 18, 2010 9:05am
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...
Good day, all,

A mate of mine works at BarCap. He never says a dickey bird though, even after I've plied him with mucho beers. Clammed up tighter than an NSA spook.http://cdn.forexfactory.com/images/s..._the_floor.gif

Check out this link:

http://www.nanex.net/FlashCrash/CCircleDay.html

Certainly some very interesting stuff going on in the murky world of secret software...

What with computer viruses in the nuclear processing plants in Iran and now folk trading 10,000 times a second...

I can't cope with anything faster than the H1 chart myself....http://cdn.forexfactory.com/images/smilies/peace.gif

Best regards,

Old Dog
  • #291
  • Oct 18, 2010 9:30am Oct 18, 2010 9:30am
Quoting chngster
I'm using the 10 Oct 2010 version, am getting "jumping stop function failed to set SL at breakever, with error(130): invalid stops".

Running it with all default settings.

Is this something to be concerned about or actioned upon?
Yep. Download the latest and see if it is fixed.

  • #292
  • Oct 18, 2010 9:44am Oct 18, 2010 9:44am
Quoting chngster
I'm using the 10 Oct 2010 version, am getting "jumping stop function failed to set SL at breakever, with error(130): invalid stops".

Running it with all default settings.

Is this something to be concerned about or actioned upon?

Thanks in advance,
Chngster
Try modifying your trade and you will see something like the attached. Your jumping stop SL should not be less than the distance set by your broker. In this case, 30 pips SL is ok because it's greater than 19pips. For some pairs, your broker won't allow you to put SL that is 30 pips away from market price especially AUDNZD. I hope this can solve your problem.
Attached Image
  • #293
  • Oct 18, 2010 9:51am Oct 18, 2010 9:51am
Quoting FrinkFX
Hello everyone. I've been looking at the source code for this EA trying to figure out how it works (its around 1,500 lines and it's hard to reverse engineer these things). So I think I'll just ask. As far as I can see it involves looking back barCount bars , getting the highest, getting the lowest, over this period, dividing it by 6, then drawing 5 lines dividing up this zone... then... As far as I can see it places pending orders at these lines anticipating that if the prices goes through one of these lines it will continue...
Hiya Frink FX
Before you make the code more efficient , just to let you know I was running it at the weekend with GBPUSD data from 1999 to present day and it was fast enough for me
A few things
Are you using visual display in testing (that obvicously makes it slow
If not , if a trade goes trending off you may get the image that its slow
When you stop it , observe the date of the last trade that closed and redo the test near that point to observe what is happening
(This is where your tuning needs to be done but only parameter wise not coding )
Dont use the ticker feed software (if at the weekend), that also slows it down and you dont need it
I dont really think the rewriting of the loops will make an ounce of difference with the laptops we have nowaadays
My ZX81 works just fine!!!!!
  • #294
  • Oct 18, 2010 10:02am Oct 18, 2010 10:02am
Quoting SteveHopwood
Yep. Download the latest and see if it is fixed.

Thanks mate, I think that did the trick.

Cheers
Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #295
  • Oct 18, 2010 10:24am Oct 18, 2010 10:24am
Courtesy of FX Dragon, we now have a user guide, so I have been able to cut down the first page in this thread.

Thanks, FX Dragon. You are a star.

  • #296
  • Oct 18, 2010 10:52am Oct 18, 2010 10:52am
still demo.. but i must sign 5 stars for this EA

thx steve
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
Simplicity your Life
  • #297
  • Oct 18, 2010 10:57am Oct 18, 2010 10:57am
Quoting SteveHopwood
Courtesy of FX Dragon, we now have a user guide, so I have been able to cut down the first page in this thread.

Thanks, FX Dragon. You are a star.

FX D.......Kudo's Job Well Done
  • #298
  • Oct 18, 2010 11:10am Oct 18, 2010 11:10am
Hi Steve,

I'm thinking maybe it will be good if there's a long only and short only options included in the EA. This is good for strongly trending market to catch the trend continuation after a short retrace. Right now I don't want to short EURUSD even if all indicators say I should short.

Just my 2 pipettes.
  • #299
  • Oct 18, 2010 12:22pm Oct 18, 2010 12:22pm
Hi Steve,
Take a look at your live acc......Just came in for lunch and I'm up +100 pips on a long EJ trade. That thing is steadly going north......Just nailed a trailing stop on it since I can't stay in and watch it.......
Have a great day....

whip
  • #300
  • Oct 18, 2010 12:48pm Oct 18, 2010 12:48pm
I originally posted this on the noob thread... Steve recommended I repost here...

>>>>>

Hi everyone..

I cant post on the beast thread, so I wanted to drop my indicator here for it (no its not the same as the SIXTHS indi you are used to). I am an embedded firmware developer, so figure I should try to help out with some coding around here since this stuff is second nature to me.. MQL is very dumbed down visual C...

Anywho.. I like watching the sixth lines against recent PA, but the problem I have had with it is that I dont know where the price WAS relative to where the sixths lines WERE.

One thing that was helpful to me with the oscillator, was when I slapped it on a few different pairs, it was easy to identify the ones that seemed more favorable to tend toward that middle white line where we can bank that big profit...

So the attached oscillator takes the sixths lines and plots it historically like most other indicators.. The range is -3 to +3, the entire sixths range. If you are sitting at 0, that means the price was at the white line for this bar.

I used a chunk of code from the auto bar count sixths indi (i saw magnumFreak in the source so hats off to him), which originally came from the nanningbob 4hr thread (thank you too!)...

Its pretty self explanatory.. feel free to let me know if you have bugs with it or would like mods/improvements etc... If it sucks and you dont care about it thats ok too..

If you guys want me to incorporate drawing the sixths lines on the chart itself, I can do that too.

Thanks so much,
Greg
Attached Image (click to enlarge)
Click to Enlarge Name: rsz_sixths_osc.jpg Size: 118 KB
Attached File(s)
File Type: mq4 Greg's Sixths Oscillator.mq4   5 KB | 328 downloads
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