Sixths trading - an EA by macman, Bob and Steve | Page 25 | 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

  • #481
  • Oct 25, 2010 8:17am Oct 25, 2010 8:17am
Quoting Toothman
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.
Hello Sir

This is what separates intelligent traders (like you) from foolish ones (like me), where I see a problem you see an opportunity. Traders like all other creatures should adapt to their environment and not to expect the environment to adapt to them. I suppose we got bogged down too much in the mentality of counter trend trading, whilst forgetting that trend trading is a very profitable endeavor as well.

Kind Regards
  • #482
  • Oct 25, 2010 10:18am Oct 25, 2010 10:18am
I've started running the EA, this morning, using my ODL demo account (5 digits).

The settings are ootb but, as it's a $100k account, I changed the lot sizes to 3 for primary and 1 for secondary. One of the trades that got triggered was short AU @ 0.99454 but, the TP on this trade is showing as 0.79937. Can anyone tell me what I've messed up in the settings to get such a massive TP?
  • #483
  • Oct 25, 2010 11:23am Oct 25, 2010 11:23am
why the SIXTHS on the TB are showing all day today on EUR/USD 1.4080-90 (gold line-primary trade, which are best), and "normal" SIXTHS shows 1.4015 at the same time and both 120 settings ???

looks that "new SIXTHS" works diferent than usual ????
what is wrong ???

any idea ???
  • #484
  • Edited 11:25am Oct 25, 2010 11:25am | Edited 11:25am
Quoting Toothman
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.
Toothman are you using the daily trend ?

Steve if they had a Nobel prize for EA creation you would win it
  • #485
  • Oct 25, 2010 12:26pm Oct 25, 2010 12:26pm
Hi,


attached is a simple multi-pair "SIXTHS dashboard" indi.
It shows where each pair in the list are compared to their SIXTHS Lines.

It shows a "cursor" that helps you locate where price is in the Sixths range: left side means bottom, right side means top, of the Sixths range.

The color of the line tells you in which "Sixths zone"it is:
- blue means it is beyond the Gold Lines -- not yet entered in the Sixths trading zone; or it is TRENDING!
- Gold means it is now inside the Gold zone, but has not yet reached the Green;
- Green means it has reached the Green zone, hopefully heading towards the Red Target...
- Red means it is inside the Middle Red garbage...

well, actually, the Red will appear only if you set the "middle" level input to something less than 50.0, giving some space for that Red zone.

This dashboard will also print the exact position of price within the Sixths Lines, in percent, where 0%=bottom, 100%=top, 50%=TARGET;

Finally, it gives a very rough estimate of the very short-term trend UP/down, just for guidance.
I used a dual-speed Momentum to determine that trend; very basic...
It is calc'ed out of a fixed number of M15 bars, whatever TF the current chart is, so it will not display a different "trend" if you change the TF.

Hope this can be useful to some of you...

Feel free to modify/customize to your needs, or just trash it!

Inputs are very self-explanatory;

- PairsToTrade: list as you wish, it has 23 "main" pairs by default;

- gold, green and middle are where the Sixths Lines should sit in percentage;
The regular values are
gold = 16.6666; ====> 1/6th
green = 33.3333; ====> 2/6th
middle = 50.0; ====> 3/6th (center)
These are mirrored on the other top side of the center;

The following snapshot gives you an idea...
I have set the "middle" to 41.6, which creates a center Red Zone of 1/6th range.
The "floating" Lines are my "SIXTHS Floating SQ" indicator (with a slight change to add the same flexibility in setting the Gold/Green/middle lines positions).

Attached Image (click to enlarge)
Click to Enlarge Name: sixths-SQ-dashboard.png Size: 37 KB




SQ
Attached File(s)
File Type: mq4 SIXTHS Dashboard SQ.mq4   10 KB | 510 downloads
  • #486
  • Oct 25, 2010 12:55pm Oct 25, 2010 12:55pm
Quoting squalou
Hi,


attached is a simple multi-pair "SIXTHS dashboard" indi.
It shows where each pair in the list are compared to their SIXTHS Lines...

SQ

Fantastic, thanks very much for this very useful indicator / dashboard. All the best.

Kind Regards
  • #487
  • Oct 25, 2010 1:25pm Oct 25, 2010 1:25pm
Squalou, tks for the dashboard, very useful

rgds
Peter

Quoting squalou
Hi,


attached is a simple multi-pair "SIXTHS dashboard" indi.
It shows where each pair in the list are compared to their SIXTHS Lines.

It shows a "cursor" that helps you locate where price is in the Sixths range: left side means bottom, right side means top, of the Sixths range.

The color of the line tells you in which "Sixths zone"it is:
- blue means it is beyond the Gold Lines -- not yet entered in the Sixths trading zone; or it is TRENDING!
[color=royalblue][color=orange]- Gold means it is now inside the...
  • #488
  • Oct 25, 2010 1:27pm Oct 25, 2010 1:27pm
Quoting squalou
Hi,


attached is a simple multi-pair "SIXTHS dashboard" indi.
It shows where each pair in the list are compared to their SIXTHS Lines.

It shows a "cursor" that helps you locate where price is in the Sixths range: left side means bottom, right side means top, of the Sixths range.

The color of the line tells you in which "Sixths zone"it is:
[color=RoyalBlue]- blue means it is beyond the Gold Lines -- not yet entered in the Sixths trading zone; or it is TRENDING!
[color=Orange]- Gold means it is now inside the Gold zone, but has...
Thanks!!
  • #489
  • Oct 25, 2010 2:40pm Oct 25, 2010 2:40pm
Quoting astral77
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.

Kind Regards
I'm a little frustrated with the optimization. Macman apparently optimized the number of bars for three pairs. But I haven't seen anything about how he did this optimization.

Old Dog recently wrote a very interesting post about optimization for one of the pairs Macman had optimized, and confirmed what Macman has done. This post gives some hints about how to go about optimizing the other pairs. I asked for some more information about what, exactly, he had done, and I've heard nothing.

The approach seems to be something like this. Figure out what the probability is for certain levels of retrace over some period of time. Find the pip level for the sweet spot for that probability. You want that to be 1/6th. Then you find what number of bars gives you that sweet spot. But there are still too many unknowns.

How does this procedure define a retrace? What is the starting and ending points for one? And how far back do you look when considering recent history? I really like the idea of optimizing other pairs, and I'm willing to do quite a bit of the scut work. Does anyone have any idea about whether the method (which is what I got from Old Dog's post) has any validity?
  • #490
  • Oct 25, 2010 3:06pm Oct 25, 2010 3:06pm
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
No cause for concern.
  • #491
  • Oct 25, 2010 4:05pm Oct 25, 2010 4:05pm
Quoting nubchai
Toothman are you using the daily trend ?

Steve if they had a Nobel prize for EA creation you would win it
I zoom all the way out on a 1HR and then a 4h chart.
  • #492
  • Oct 25, 2010 4:16pm Oct 25, 2010 4:16pm
Quoting Toothman
I zoom all the way out on a 1HR and then a 4h chart.
Thanks Toothman. I like that approach,

Sandy
  • #493
  • Oct 25, 2010 4:25pm Oct 25, 2010 4:25pm
Hi Steve,
Real good wage for a days work........OOTB......I swear it runs smoother than TB.......

whip
Attached File(s)
File Type: pdf Statement_ 1189319 - Hiredwhip.pdf   80 KB | 600 downloads
  • #494
  • Oct 25, 2010 4:33pm Oct 25, 2010 4:33pm
squalou.

thanks for the indicator. this is really nice, also to understand in 1 eye what is happening.

i am now running renko on 28 pairs with the beast EA. so far so good. using 0.3 and 0.1 lots. closed 500 dollars today and 347 still open.

renko blocks are 5 and i use 50 for barcount in beast EA.

will update end of the week with results.
  • #495
  • Oct 25, 2010 6:06pm Oct 25, 2010 6:06pm
Here is an attractive contribution from gspe.

The screen display shows the number of pips from the Bid to each sixths level, also the price at each level.

Have a play guys; if the consensus is that this information is useful then I will make it a permanent feature of TB.

Thanks gspe.

Attached File(s)
File Type: mq4 The Beast from gspe.mq4   76 KB | 452 downloads
  • #496
  • Oct 25, 2010 7:03pm Oct 25, 2010 7:03pm
Quoting hiredwhip
Hi Steve,
Real good wage for a days work........OOTB......I swear it runs smoother than TB.......

whip
Great results HiredWhip. May I ask what leverage you're trading with?

Thanks,
Sandy
  • #497
  • Oct 25, 2010 8:02pm Oct 25, 2010 8:02pm
Quoting nubchai
Great results HiredWhip. May I ask what leverage you're trading with?

Thanks,
Sandy
Hi Sandy,
Leverage is 100 to 1.......P trade is .3 lots......S trade is .1 lots

whip
  • #498
  • Oct 25, 2010 8:10pm Oct 25, 2010 8:10pm
Quoting duffypratt
I'm a little frustrated with the optimization. Macman apparently optimized the number of bars for three pairs. But I haven't seen anything about how he did this optimization.

Old Dog recently wrote a very interesting post about optimization for one of the pairs Macman had optimized, and confirmed what Macman has done. This post gives some hints about how to go about optimizing the other pairs. I asked for some more information about what, exactly, he had done, and I've heard nothing.

The approach seems to be something like this. Figure out...
I too am interested in how we might perform a statistical analysis on the probability of retracement. I posted a couple of posts on the Nanningbob 60x90 thread some time ago hoping to get some traction on this approach.

Here's my first post with accompanying images starting at post #1539 going through #1541
http://www.forexfactory.com/showthre...20#post2624120


And again at http://www.forexfactory.com/showthre...04#post2776904 post #2050 through #2052 where I quote from an actuarial/statistician a proposal to help us develop the correct math models to calculate.

Of course, this was based on one of Nanningbob's original EA's. We've moved far beyond that now with the Sixths indicator, but I think it's worth pursuing.
  • #499
  • Oct 25, 2010 8:14pm Oct 25, 2010 8:14pm
Quoting hiredwhip
Hi Sandy,
Leverage is 100 to 1.......P trade is .3 lots......S trade is .1 lots

whip
Thanks Hired. I have 50 to 1 and will have to reduce lot size for now

Sandy
  • #500
  • Oct 25, 2010 9:24pm Oct 25, 2010 9:24pm
Quoting newera
I too am interested in how we might perform a statistical analysis on the probability of retracement....
I know enough statistics to do it, but you have to specify what you need. And for $0, no guarantees on schedule. Stats won't do the thinking for you, you need an idea first. Technique & stuff comes after a clear idea.
0 traders viewing now