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Sixths trading - an EA by macman, Bob and Steve

  • #601
  • Oct 29, 2010 1:33pm Oct 29, 2010 1:33pm
Quoting duffypratt
How do I get rid of the Take Profit Line? The input UseTplTp is set to "false". But I keep getting the TP line appearing on the charts. I can't make any sense out of where it is appearing, except that it seems to like to appear to close out promising trades.
From the user guide:

Take profit line
When TB send a Primary pending trade, it adds a gray take profit line just a few pips away from
the middle white line. Whilst this line is gray, TB will ignore it. If you select the line by doubleclicking
it, you will see it change colour to your choice in the inputs (default blue). TB will attempt
to move the tp of all its open trades to the price of the tp line. It will ignore the line if in Recovery
or Hedging is in operation. To deactivate the line, select and delete it.

  • #602
  • Oct 29, 2010 1:41pm Oct 29, 2010 1:41pm
Quoting SteveHopwood

What I still do not understand is where T101_Indy_PriceHistory_v3-dnk is intended to do.

Steve - Here is my take. I have done a lot of work with the Renko 3.2 EA and it does have all of the realtime nuance problems solved for creating a synthetic chart.

1. T101_Indy_PriceHistory_v3-dnk needs to be re-engineered with the realtime chart generation capabilites of Renko 3.2 with the addition that bookkeeping needs to be done to make sure that all 1min updates for ALL of the target pairs are available before creating an offline candle.

2. To do this, each pair in the basket needs an open 1 min chart.

3. The new Beast Basket Chart will be an offline chart but will have all of the characteristics of a live pair chart. This approach is being DONE EVERY DAY WITH RENKO so lets stop the "it won't work" discussion.

4. Now - we can run The Beast on the Beast Basket Chart Just as we run TB on a pair chart using The Sixths along with all of the other recovery/hedge/etc etc capabilities --- except we buy and sell the basket. Easy to say, but there is a huge amount of code necessary to convert from single pair to basket as you are well aware.

5. Here is the LEAP OF FAITH -- do we believe that the Beast Basket Chart represents an advantage over handling each pair separately as most are doing now.

I have no real data, but it seems reasonable to me that the problem of sustained trends against a single trade could be minimized by the inherent nature of a synthetic hedge behavior of the Beast Basket Chart.

If the Beast Basket Chart goes beyond the upper sixth Gold, does this give a good indication that the whole basket will be more likely. I would tend to think so.

6. SoOOO - if we plan to do anything with this, I would suggest a separate NEW thread as this approach if pretty far from the original intent. Here is the GLITCH -- a thread of this nature will get endless posting traffic about making this all work together. I find it simple, but most have not a clue - experienced as well as noobs.

Re-engineering the Beast Basket Chart generator is something that I could help with if the Dream Team wants to go in this direction.

Regards,

KingHigh
  • #603
  • Oct 29, 2010 1:51pm Oct 29, 2010 1:51pm
Steve,

Missed a point, - this synthetic chart can be any timeframe desired or Renko for that matter.

Kinghigh
  • #604
  • Oct 29, 2010 2:57pm Oct 29, 2010 2:57pm
Quoting SteveHopwood
From the user guide:

Take profit line
When TB send a Primary pending trade, it adds a gray take profit line just a few pips away from
the middle white line. Whilst this line is gray, TB will ignore it. If you select the line by doubleclicking
it, you will see it change colour to your choice in the inputs (default blue). TB will attempt
to move the tp of all its open trades to the price of the tp line. It will ignore the line if in Recovery
or Hedging is in operation. To deactivate the line, select and delete it.

...
Thanks. So I will try to manually delete the lines. The problem I've been having is that The Beast has entered primary trades, and set the Take Profit line not at the middle white line but near where the trade enters. It also does not set it as grey and inactive. Instead, it comes on blue and live. It then kills the trade after only a few minutes.
  • #605
  • Oct 29, 2010 4:04pm Oct 29, 2010 4:04pm
A decent Beast week. Total of 416 pips on closed trades, over 26 trades. Fourteen primary, and four secondary trades. Also I broke even on six that closed early because the Take Profit line decided to activate on its own.

I closed the week with four trades open, in a total drawdown of 201 pips. If I closed everything out, I would still be up 215 pips for the week, which is not bad. I should note however, that I'm testing the Beast on the same demo account as the Nanningbob v.6, and I think NB got the "benefit" of the CHF this week.

I've been using the MPTM with default 40/30 BE settings. I can't remember a trade closing for more than the +30. Has anyone else noticed this? It's possible that that is just what the market has given. If other people think there might be something strange about this behavior, then it might be worthwhile for me to go back and investigate.
  • #606
  • Oct 29, 2010 4:48pm Oct 29, 2010 4:48pm
i just checked my accounts.

and unfortunate for me, the beast has been slayed this week.

i run it with standard settings on 28 pairs.

started with 5000. closed orders 9289

open orders 7191.

so if i would close it now i would have lost 2902 this week.

ofcourse i trade 28 pairs to really see how the beast does. could it really be broken when going all the way out.

the biggest loser was ofcourse GBPCHF. it basicly destoryed my whole profit. it started a hedge. and that went bad as well. close to 2000 dollars of open trades now on only that pair!

now my understanding was, if hedging is allowed. it will start to hedge bit by bit. what i mean is it tries to hedge out for say 10 pips. then wait till condition is met again and hedge again for 10 pips. that way it can recover bits by bits, from that GBPCHF.

now if anybody has other ideas to cut the bad trades out. or even make the losses smaller. i am all for it.

however we need to find a way. if we let it run on all 28 pairs using standard settings we will get indeed smoked.

i am thinking next week i am going to tighten it up and run it with 2 settings.

1 using a stoploss of 85 pips.
2 open up a hedge when it gets to -50 pips.

.

about renko. unfortunate that was also a big loss for me. got even in the marginc all too.
so for the moment i rather forget renko.

.

anyway this was just the headup of the beast EA running on 28 pairs.

goodnight and have a nice weekend
  • #607
  • Oct 29, 2010 5:29pm Oct 29, 2010 5:29pm
Quoting KingHigh
Steve - Here is my take....
Thanks KH.

I shall not be taking this any further. I cannot perform step 1.

I shall support anyone else who feels able to do so.

  • #608
  • Oct 29, 2010 5:33pm Oct 29, 2010 5:33pm
Quoting duffypratt
Thanks. So I will try to manually delete the lines. The problem I've been having is that The Beast has entered primary trades, and set the Take Profit line not at the middle white line but near where the trade enters. It also does not set it as grey and inactive. Instead, it comes on blue and live. It then kills the trade after only a few minutes.
I thought I had this licked. Are you using the latest version?

  • #609
  • Edited 6:02pm Oct 29, 2010 5:45pm | Edited 6:02pm
Quoting duffypratt
How do I get rid of the Take Profit Line? The input UseTplTp is set to "false". But I keep getting the TP line appearing on the charts. I can't make any sense out of where it is appearing, except that it seems to like to appear to close out promising trades.
On second thoughts, over to CanuckCT here. I coded it it for you but have not actually used it myself. My live version trader is a few versions behind the latest in post 1 as I do not need the updates.

So CanuckCT, is it working as intended?

  • #610
  • Oct 29, 2010 6:50pm Oct 29, 2010 6:50pm
Quoting SteveHopwood
I thought I had this licked. Are you using the latest version?

I loaded a new version last Sunday. I don't know if that's the latest or not. I don't know if you have any reliable system of version control/identification. I'll upload the newest version this week.
  • #611
  • Oct 29, 2010 6:59pm Oct 29, 2010 6:59pm
Quoting trade4fun
i just checked my accounts.

and unfortunate for me, the beast has been slayed this week.

i run it with standard settings on 28 pairs.

started with 5000. closed orders 9289

open orders 7191.

so if i would close it now i would have lost 2902...
How big are the lots you are trading on a 5K account? The trouble you see may be more a result of money management. With smaller trades you will have less potential reward, but also less risk of ruin.

The first, best way to reduce the chance of total ruin would be for some people to start actually working on the optimization of the bar count for individual pairs. I'm getting a new computer soon, and when I do, I intend to start running some extensive backtests.

One thing that people could do now, is simply to select a pair, and run tests over a one to two year period, shifting the bar count from say 40 bars to 340 bars by increments of 10. That means running 30-60 years of backtest data. When done, it would be simple to see what barcount is most profitable over that period. And it might also be possible to see what barcount minimizes drawdown.

As for the idea of using a stop loss: it might be a good idea, but it's competely untested at this point. I have no feeling for what the introduction of a stop would do, either to profitability or drawdown, with this Beast. Again, here's an area where backtesting might help.
  • #612
  • Oct 29, 2010 7:01pm Oct 29, 2010 7:01pm
Quoting duffypratt
I loaded a new version last Sunday. I don't know if that's the latest or not. I don't know if you have any reliable system of version control/identification. I'll upload the newest version this week.
I will look into this.

Anyone else had trouble with the tp line?

  • #613
  • Oct 29, 2010 7:44pm Oct 29, 2010 7:44pm
Quoting SteveHopwood
I will look into this.

Anyone else had trouble with the tp line?

Yes Steve. See my posts #591 & 592.
  • #614
  • Oct 29, 2010 9:52pm Oct 29, 2010 9:52pm
I had some nice encounters accidentally due to server reset without me knowing 3 times. what happen was i tested TB on 4 different brokers, and started at different times. It went to a draw down of between 30-50%, then what happened was my vps was reset without me knowing after a few days... i turned all the terminals on and to my pleasant surprised.. 3 DDs totally gone and is in postive and one DDs is reduced to 5 percent from 40%.and my account is doubled.
I am trying to repeat the same stunt again and see if it works.. that could reveal something good here..
http://www.myfxbook.com/id/members/l.../pirahna/59312
  • #615
  • Oct 29, 2010 9:58pm Oct 29, 2010 9:58pm
Also there is an alternative way to identify if market is in "crazy crash" mode.

Trade4Fun also mentioned it in fact. The T101 offline chart, at the end of day, if the offline chart displays an obviously incredible move, just stoploss and move on. The offline chart is an accurate meter on overall FX market mood.

Quoting macman
I use a commercial program which looks at the strength of most pairs - normally it looks 'in balance', like today. If however I start to see everything going one way or major moves I am ready to intervene.

Hope that helps -
  • #616
  • Oct 29, 2010 11:18pm Oct 29, 2010 11:18pm
I started live 2 weeks ago and I took a loss of 18% from GBCHF and CHFJPY trades but my account is still up by 3%.

My demo started 3 weeks ago and even if I close all my open trades now, the account will sill be up by 25%.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: live.JPG Size: 20 KB
Click to Enlarge Name: demo.JPG Size: 22 KB
  • #617
  • Oct 30, 2010 5:16am Oct 30, 2010 5:16am
Hey guys

Pls dont get this wrong, but what I dont understand is, why try to "fix" the beast if it aint broke?

The beast is good. Very good. So why mix it with Renko, baskets, indis, etc etc? I know its a classical and human thing to "fix/optimize" but it is not necessary if you ask me. Also it messes up the thread and make it more confusing for newcomers.

I am running the "old" version for 13 trading days on basic pairs and my account is up 90%. 10.000 went to 19.000. Thats like 7% a trading day on a nice and beautiful equity curve. 46 trades in total. In my book, thats not going to get any better in this market.

Next step for me is switching to live.

Just wondering...

PC
Less is more...
  • #618
  • Oct 30, 2010 6:28am Oct 30, 2010 6:28am
Quoting pipcruiser

I am running the "old" version for 13 trading days on basic pairs and my account is up 90%. 10.000 went to 19.000. Thats like 7% a trading day on a nice and beautiful equity curve. 46 trades in total. In my book, thats not going to get any better in this market.

Next step for me is switching to live.

Just wondering...

PC
Excellent results. How many pairs? Primaries and secondaries, or only primaries?
  • #619
  • Oct 30, 2010 6:56am Oct 30, 2010 6:56am
Hey pipcruiser.. nice to hear!! Howver, I am a bit confused here and the 'old' version has the same strategy as the current one - it just had more coding issues which caused the changes.

I struggle to see how it would have benefitted you. The only thing, i think, which made you more money than the rest of us, is you not trading certain pairs. I avoided GBPCHF and CHFJPY etc too - purely by chance... I decided to stay away from these and other pairs with high spreads.

Also.. i know that when the market trends, the 'neutral' currencies like CHF (IMHO) tend allow trending - so pairs with CHF and the like are the ones to stay away from.

So what did you do differently?
  • #620
  • Oct 30, 2010 7:16am Oct 30, 2010 7:16am
good to know that. I believe 19000 is balance. how about the equity and what's your current floating DD if any
cheers!
Quoting pipcruiser
Hey guys

Pls dont get this wrong, but what I dont understand is, why try to "fix" the beast if it aint broke?

The beast is good. Very good. So why mix it with Renko, baskets, indis, etc etc? I know its a classical and human thing to "fix/optimize" but it is not necessary if you ask me. Also it messes up the thread and make it more confusing for newcomers.

I am running the "old" version for 13 trading days on basic pairs and my account is up 90%. 10.000 went to 19.000. Thats like 7% a trading day on a nice and beautiful equity curve....
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