Sixths trading - an EA by macman, Bob and Steve | Page 24 | Forex Factory

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Sixths trading - an EA by macman, Bob and Steve

  • #461
  • Oct 24, 2010 5:00pm Oct 24, 2010 5:00pm
Quoting Alan5616
Thank you very much for your help, Pipstalker. I live and have my account in the UK so, fortunately, I'm not affected by the NFA's bizarre hedging ban.
I may be wrong about this, but I don't think the NFA actually banned hedging---they just banned charging different from the netted out position.

It doesn't matter if the platform allows buy & sell trades simultaneously (that should be allowed for robots), just that if you are net flat then you should be charged that way.

If MT4 doesn't allow it, then that's a technology problem not a regulation problem. I think there are (or should be solutions) whereby the MT4 works as usual (positive & negative simultaneously) but you are charged swap or any other fees as if you netted positions, which is economically sensible. This may mean that you get a 'hedge credit' upon the rollover if you have total gross positions different from net positions.
  • #462
  • Oct 24, 2010 5:13pm Oct 24, 2010 5:13pm
Can we please not get into what is allowed by US criminals and what is not?

Holders of US crim accounts know what they are allowed to do.

This thread is not the place to discuss this issue.

  • #463
  • Oct 24, 2010 5:53pm Oct 24, 2010 5:53pm
Steve,

Forgive me if this has already been covered. My question relates to the ReEntryLinePips input. My understanding is that the number is automatically calculated when the default is 0. On my 4-digit demos, the numbers range from 150-200. On my 5-digit demos, they range from 1500-2000. Is this cause for concern, or am I suffering from the effects of old age?

Rob
  • #464
  • Oct 24, 2010 6:04pm Oct 24, 2010 6:04pm
Quoting SteveHopwood
In an astonishing piece of bloop-spotting, sq found a bug relating to the break even line when hedging has kicked in.

This is not a major issue until there are some hedged trades, so no desperate rush to download the fix. Just remember this is a prob when hedging kicks in.

The fix is in post 1. It is also applied to the attached experimental version.

Cheers sq. You are a star. I hope I mention this from time to time.

Cheers Steve, YOU are the star here...

SQ
  • #465
  • Oct 24, 2010 6:18pm Oct 24, 2010 6:18pm
You guys are BOTH stars for me !!!!!
  • #466
  • Oct 24, 2010 6:40pm Oct 24, 2010 6:40pm
Quoting ChicagoRob
Steve,

Forgive me if this has already been covered. My question relates to the ReEntryLinePips input. My understanding is that the number is automatically calculated when the default is 0. On my 4-digit demos, the numbers range from 150-200. On my 5-digit demos, they range from 1500-2000. Is this cause for concern, or am I suffering from the effects of old age?

Rob
Old age, definitely, but us old-timers must stick together.

4 digit crims represent proper pips. 5 dig crims try to confuse us all by multiplying proper pips by 10, but TB defeats them by multiplying proper pips by 10 to accommodate them. When your crim is a 5 digit quoter, you have to mentally discard the last digit on every quote you see; this is the thingy these wally-plonker-dipstick-cretinous-pathetic-bastard-analy-retentive-beta-minus-charismatically-challenged-lacking-every-human-attribute creatures use try to confuse intelligent life forms.

It never ceases to amaze me that the truly stupid continue to imagine that the rest of life is equally stupid - and you don't get much more stupid than a 5 digit criminal. At least, I hope you don't.

So, if you don't understand all this, just go with the flow until you do. That is probably good advice generally, where this thread is concerned.

  • #467
  • Oct 24, 2010 6:59pm Oct 24, 2010 6:59pm
Quoting SteveHopwood
It never ceases to amaze me that the truly stupid continue to imagine that the rest of life is equally stupid - and you don't get much more stupid than a 5 digit criminal. At least, I hope you don't.

So, if you don't understand all this, just go with the flow until you do. That is probably good advice generally, where this thread is concerned.

Thanks for the explanation, Steve. Everything is clear as a bell. I've been through so many EAs that required some form of compensation, in order to function properly. Given your background and reputation, I should have realized that all systems were go.

Rob
  • #468
  • Oct 24, 2010 9:38pm Oct 24, 2010 9:38pm
This is the second week of results with default settings. Lot size is .30 and .10 respectively. The biggest drawdown observed was $5900 which is significant. Biggest problems are AUD/CAD, CHF/JPY, EUR/CAD, GBP/AUD. Hedging is enabled but I've not seen a hedge trade taken.

I've updated to the latest version and will continue my test.

Still quite incredible results.
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  • #469
  • Oct 25, 2010 2:52am Oct 25, 2010 2:52am
Steve, why don't you stop sitting on the fence and come straight out and say what you think about crims.
  • #470
  • Oct 25, 2010 3:23am Oct 25, 2010 3:23am
anyone else looking at some serious DD with the JPY pairs? GY in particular?
  • #471
  • Edited 4:55am Oct 25, 2010 4:03am | Edited 4:55am
Quoting Viv108
anyone else looking at some serious DD with the JPY pairs? GY in particular?
NO. After the fiasco we had in September trading NB Ver5, I promised myself never again. Therefore, with NB VER5 as well as the BEAST I have made a point of only trading above gold lines. I am trading 5 pairs only and have very little DD at present. Moreover, keep an eye on the market and if you see a particular currency is in strong trending mode avoid it. I hope this helps.

Kind regards
  • #472
  • Oct 25, 2010 4:10am Oct 25, 2010 4:10am
awesome advice, astral.

WHat pairs are you trading (lemme guess.. 4 majors and gbpjpy?).

Are your settings out of the box (i guess primary trades only). What bout your MPTM settings?
  • #473
  • Oct 25, 2010 4:55am Oct 25, 2010 4:55am
Quoting Viv108
awesome advice, astral.
WHat pairs are you trading (lemme guess.. 4 majors and gbpjpy?).
Are your settings out of the box (i guess primary trades only). What bout your MPTM settings?
I wish I could give "awesome" advice, however, I think this is just common sense. Yes, 4 majors and guppy and I will stick with these till the time that the brains of this thread come up with a method of optimizing the other pairs. The settings are default (which is what Steve is using) with exception of PRIMARY trades only and No Hedging. That is it. We owe Steve, Macman and Bob a lot of gratitude since they have made life so easy for us, all we have to do is to ensure we use our common sense and keep an eye on the market.

Kind Regards
  • #474
  • Oct 25, 2010 5:07am Oct 25, 2010 5:07am
Cool.

A quick question here - i thought TB places stops around the gold bars to enter positions ONLY when the market has gone past the gold bar. I have a usdjpy trade where the ask just touched the gold line and activated a buy. This position is currently in a small DD - not really anything to worry about - but just verifying that the TB is doing what it is supposed to be doing.

Ideas?
  • #475
  • Oct 25, 2010 6:08am Oct 25, 2010 6:08am
Quoting Viv108
Cool.

A quick question here - i thought TB places stops around the gold bars to enter positions ONLY when the market has gone past the gold bar. I have a usdjpy trade where the ask just touched the gold line and activated a buy. This position is currently in a small DD - not really anything to worry about - but just verifying that the TB is doing what it is supposed to be doing.

Ideas?
It places a pending order when price goes past the line then opens when price comes back to the line. Lines adjust so price must have been past the line at some point.
  • #476
  • Oct 25, 2010 6:20am Oct 25, 2010 6:20am
Quoting astral77
NO. After the fiasco we had in September trading NB Ver5, I promised myself never again. Therefore, with NB VER5 as well as the BEAST I have made a point of only trading above gold lines. I am trading 5 pairs only and have very little DD at present. Moreover, keep an eye on the market and if you see a particular currency is in strong trending mode avoid it. I hope this helps.

Kind regards
Hey Astral,
I'm also taking only primary trades but my thinking is not to avoid the pairs that are trending. I'm actually looking for them. I'm trading the strong trending pairs only in the direction of the trend. If a pair is ranging, I trade it both ways. I put a 200MA (watching the slope) on my charts to help me decide and I like to zoom out the chart to see the overall trend.
  • #477
  • Oct 25, 2010 6:24am Oct 25, 2010 6:24am
would be nice if TB did that for us - but perhaps I'm asking for too much here!! lol
  • #478
  • Oct 25, 2010 6:35am Oct 25, 2010 6:35am
Quoting Viv108
would be nice if TB did that for us - but perhaps I'm asking for too much here!! lol
It's also nice if TB will move the SL of the primary trade to BE when secondary trade is hit.
  • #479
  • Oct 25, 2010 7:00am Oct 25, 2010 7:00am
Hi Steve,

Some observation:

1. The Beast in a EURGBP chart is deleting a market order
2. But that market order belongs to GBPAUD
3. And when I deleted the double pending of EURGBP
4. It deleted a EURCHF market order

then it went back to normal.

This is the latest version from post 1.
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Attached Image
  • #480
  • Oct 25, 2010 8:07am Oct 25, 2010 8:07am
Yes, I'm getting a similar thing, multiple entries in the experts tab saying "market order EURGBP xxxxxxxx cannot be deleted" when that order number is that of an already open AUDUSD trade.
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