Sixths trading - an EA by macman, Bob and Steve | Page 18 | Forex Factory

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Sixths trading - an EA by macman, Bob and Steve

  • #341
  • Edited 3:13am Oct 20, 2010 2:50am | Edited 3:13am
Quoting macman
Sure, but the point I was trying to make is maybe you need an alert to kick in earlier, or better still have it adjustable.
Yes, even better, an adjustable level alert wether it be for the blue BE line hitting the white line, or being just before the white line (adjustable) or just after it (adjustable), but it must be in relation to the white line or it becomes just a standard level alert with no comparisons
  • #342
  • Oct 20, 2010 5:52am Oct 20, 2010 5:52am
The more a piece of software evolves over time rather than being coded all in one from a thorough professional spec, the more likely it is that the law of unintended consequences creeps in to cause problems.

TB's inconsistencies are starting to emerge. The biggest so far is duplicate and orphan trades. Orphans are secondaries and occur when: a primary is closed by hitting a jumping/trailing stop before the secondary is filled; the sixths lines move but the secondary trade deletion fails, so it is left behind.

Rather that try to fix the problems piecemeal, I have added a clean-up function that is called at the start of every new 5 minute candle (coded internally so don't worry about it). I have been playing with the function this morning and it appears to be working as required.

Post 1 as usual.

  • #343
  • Edited 7:13am Oct 20, 2010 6:14am | Edited 7:13am
Hi
I have noticed that the basket function no longer works as before in Multi manager. Now you need to take the manager of the card after it has closed a basket and put it back, or it will close your new order directly when you open them. Can it bee the same with the manager that it need a cleanup code.
  • #344
  • Oct 20, 2010 6:54am Oct 20, 2010 6:54am
I finally got around to setting up The Beast yesterday on 17 pairs on 0.3 pip and 0.1 pip. After an eventful 24 or so hours just on 9.7% closed profits and approx $-2k in open trades from this morning (Aust time) has just turned positive.

Not sure I would be so sanguine with real $ but a very positive start

Thanks to all those who have contributed to the development of this strategy / EA

rgds

Peter
  • #345
  • Oct 20, 2010 7:30am Oct 20, 2010 7:30am
Quoting E2u
Hi
I have noticed that the basket function no longer works as before in Multi manager. Now you need to take the manager of the card after it has closed a basket and put it back, or it will close your new order directly when you open them. Can it bee the same with the manager that it need a cleanup code.
This is probably one of those laws of unintended consequences thingies I described earlier. I will have a look later.

  • #346
  • Oct 20, 2010 11:40am Oct 20, 2010 11:40am
my account has grown 4% yesterday, with DD about 2.5%
and now... is 6.3% profit with 1.5% DD

the last 3 trade i close manualy because i want to secure the profit

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: the beast.gif Size: 5 KB
Attached File(s)
File Type: zip the beast.zip   7 KB | 344 downloads
Simplicity your Life
  • #347
  • Oct 20, 2010 4:16pm Oct 20, 2010 4:16pm
I think you will enjoy this one, Steve.

Inserted Video
  • #348
  • Oct 20, 2010 4:22pm Oct 20, 2010 4:22pm
Quoting squalou
Thanks Greg for this nice oscillator.

I have coded something similar, but drawing the Sixths lines on the main chart instead of an oscillator.
Same approach: show where the Sixths lines are for each bar.

It is merely a Price Channel indicator (the Blue lines), and the Sixths lines are really simply a few intermediate lines... but that's NNB's magic discovery!

I borrowed the auto-barCount from Steve and Macman EA too :-)

The Gold lines are where the EA will enter when price crosses back from the outside.
The default TP line is the White (center)...
Can you make a ,"floating," TMA Centered Ind.?
Vincit qui se vincit.
  • #349
  • Oct 20, 2010 4:30pm Oct 20, 2010 4:30pm
According to MTreport4, The Beast raked in 3708 pips in four days, which is completely insane. Wish I had this live with dollar pips.
Attached Image (click to enlarge)
Click to Enlarge Name: The Beast #3.jpg Size: 191 KB
  • #350
  • Oct 20, 2010 6:02pm Oct 20, 2010 6:02pm
out of interest, is there any guidance or ideas on lot sizes/account balance ratios?

on a $100K account, surely 3 mini lots could also suffice? on about 10 pairs?

I am talking demo here, by the way (before you think I am about to blow 100K on TB!!!)
  • #351
  • Oct 20, 2010 6:06pm Oct 20, 2010 6:06pm
Quoting Invisible
I think you will enjoy this one, Steve.

http://www.youtube.com/watch?v=IshINI7uGpE
Cheers. That is one clever fella; I could not even begin to do what he does.

  • #352
  • Oct 20, 2010 6:11pm Oct 20, 2010 6:11pm
Steve, this thing is a BEAST! I can tell why you named it that haha. Profit from just last night ws $598 and when adjusted for how much I would risk live would be rounded to about $60. But with that being said, NBV5 also decided to start taking trades again and its still looking very very good. Made about $70 with that thing overnight.
  • #353
  • Oct 20, 2010 6:33pm Oct 20, 2010 6:33pm
Quoting Viv108
out of interest, is there any guidance or ideas on lot sizes/account balance ratios?

on a $100K account, surely 3 mini lots could also suffice? on about 10 pairs?

I am talking demo here, by the way (before you think I am about to blow 100K on TB!!!)
I'm running 15 pairs on a $10K IBFX demo. It pulled down $640 on dimes, in only four days. I have been keeping a keen eye on float. It got as high as 2.6%, yesterday, and then dropped like a stone, after closing some big trades.

It's hard to say, at this point, what kind of balance is required. I need to see this thing working for a much longer time period, before I make any firm judgements. I'm pretty sure, though, that I'd probably lower the number of pairs, if I were to go live. I'm thinking like 6-8 pairs on $10K(10-cent pips).

Rob
  • #354
  • Oct 20, 2010 8:26pm Oct 20, 2010 8:26pm
Steve, any chance you can add comments when entering pending orders so that when we forward test and look back into the history we can tell whether it was a primary or secondary trade? just a #1 or #2 in the comments would suffice. thanks.
  • #355
  • Oct 20, 2010 8:59pm Oct 20, 2010 8:59pm
Quoting obnoxious2
Steve, any chance you can add comments when entering pending orders so that when we forward test and look back into the history we can tell whether it was a primary or secondary trade? just a #1 or #2 in the comments would suffice. thanks.

It already puts in a P or an S, at least in the version from a week ago Saturday. I see it in detailed reports, but not in regular reports.
  • #356
  • Oct 21, 2010 12:13am Oct 21, 2010 12:13am
Quoting obnoxious2
Steve, any chance you can add comments when entering pending orders so that when we forward test and look back into the history we can tell whether it was a primary or secondary trade? just a #1 or #2 in the comments would suffice. thanks.
In the paramaterization where it says Primary_trade_comment and Secondary_trade_comment , just put in what you want to appear

Steve, I think, just left them out this time for the benefit of the criminals as he calls them (brokers)
  • #357
  • Edited 12:42am Oct 21, 2010 12:23am | Edited 12:42am
Hi mbkennel

I am running your system in parallel to Steves (on another laptop on another account) and I noticed it created two EURNZD at 06.54 21.10.10 open orders at Primary 0.03
Unfortunatley not thinking I deleted one in haste

Previously before this happened I did notice it had created one in the Pending orders which was good
So its weird yeh
I will look through your code to see if anything obvious and also if it happens again will try to capture it
Sorry for deleting the entry (might of helped)
I think it maybe one of this stupid things that we will never find

UPDATE -Looking at the code it nigh on impossible to happen so all I can think is that it was in the process of hitting the BUY STOP at exactly the same time as it monitored the movement of the Gold line for creation of a new Pending entry
Tell you what lets forget it and if it happens again I will capture ok
  • #358
  • Edited 1:04am Oct 21, 2010 12:51am | Edited 1:04am
Quoting Viv108
out of interest, is there any guidance or ideas on lot sizes/account balance ratios?

on a $100K account, surely 3 mini lots could also suffice? on about 10 pairs?

I am talking demo here, by the way (before you think I am about to blow 100K on TB!!!)
I have made my own rule with regards to lotsize
I have a Micro account so
if my balance is between 2000-3000 I have P = 0.02 S = 0.01
if my balance is between 3000-4000 I have p = 0.03 S = 0.01
if my balance is between 4000-5000 I have p = 0.04 S = 0.02
if my balance is between 5000-6000 I have p = 0.05 S = 0.02
if my balance is between 6000-7000 I have p = 0.06 S = 0.03
I leave you to guess the rest
On as many Pairs as you want but monitor it assuming a max of 26 pairs
oh I forgot to say i do not hedge , I wait for the Price to get a certain distance from the Blue revovery Line then "jump ship" and count my losses
I go on the reckoning that the winnings of several pairs outweigh these odd runaways
I Also always have a SL set a long way away just in case ie A country sinks during the night into the sea
  • #359
  • Oct 21, 2010 2:03am Oct 21, 2010 2:03am
Quoting ChicagoRob
I'm running 15 pairs on a $10K IBFX demo. It pulled down $640 on dimes, in only four days. I have been keeping a keen eye on float. It got as high as 2.6%, yesterday, and then dropped like a stone, after closing some big trades.

It's hard to say, at this point, what kind of balance is required. I need to see this thing working for a much longer time period, before I make any firm judgements. I'm pretty sure, though, that I'd probably lower the number of pairs, if I were to go live. I'm thinking like 6-8 pairs on $10K(10-cent...
Rob,
Lowering the pairs needs careful thought as TB was designed to work across the whole market. The idea being that negative DD being created somewhere is (hopefully) being offset by positive DD on other pairs.

Not easy to decide which pairs to run with ATM -
  • #360
  • Oct 21, 2010 2:11am Oct 21, 2010 2:11am
Sitting at 23.6% profit with $137 in open profits after 2 days. Overleveraged but fun to watch after two days

rgds
Peter


Quoting peterke
I finally got around to setting up The Beast yesterday on 17 pairs on 0.3 pip and 0.1 pip. After an eventful 24 or so hours just on 9.7% closed profits and approx $-2k in open trades from this morning (Aust time) has just turned positive.

Not sure I would be so sanguine with real $ but a very positive start

Thanks to all those who have contributed to the development of this strategy / EA

rgds

Peter
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