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Sixths trading - an EA by macman, Bob and Steve

  • #621
  • Edited 7:43am Oct 30, 2010 7:29am | Edited 7:43am
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....
For a long time I have been searching a detonator for open baskets. If it is the Beast or what ever it is, the main thing is that it trigger in the right moment. The detonator (Beast) is a part of a bigger system in that case.
All currency pairs are correlated with itch other in one way or an other. With a basket you don't see the big DD because the currency pairs are weighted and compensate each other. Of course you get DD if you open a basket in wrong direction but you don't do that with a good detonator. If the Beast is good and open trades in right moment, why don't use it as a detonator.
  • #622
  • Oct 30, 2010 7:37am Oct 30, 2010 7:37am
Quoting duffypratt
A decent Beast week....
Try a 40/20 setting with a jump of 30. It gives a little more room for price to back up and then continue forward after BE.
  • #623
  • Oct 30, 2010 8:12am Oct 30, 2010 8:12am
pipcruiser,

we test. that is what this is about right? testing. see if it can be better. sure it is nice it works on basic pairs. but we already knew that.

however we also know that it aint working on JPY pairs and CHF pairs for this week.

and that is basicly what we trying out. see what works. what does not work and try to find a solution for it.

and who says a big mover like what happened on the GBPCHF wont happen on eurusd soon?

some people believe that the EUR will crash in november. if such a movement happened in the same manner as GBPCHF you could end up the same way on EURUSd and say byebye to your profits without a good money managment system.

i also included the jpeg of the open orders still floating around. next week i wil run the beast without the pairs and 1 with the pairs to see how it will go then.

goodluck everyone
all i did was
Attached Image (click to enlarge)
Click to Enlarge Name: beastweekoct25th.jpg Size: 486 KB
  • #624
  • Oct 30, 2010 8:42am Oct 30, 2010 8:42am
Quoting trade4fun
pipcruiser,

we test. that is what this is about right? testing. see if it can be better. sure it is nice it works on basic pairs. but we already knew that.

however we also know that it aint working on JPY pairs and CHF pairs for this week.

and that is basicly what we trying out. see what works. what does not work and try to find a solution for it.

and who says a big mover like what happened on the GBPCHF wont happen on eurusd soon?

some people believe that the EUR will crash in november. if such a movement happened in the same manner as...
GBPJPY is the only JPY pair that does astoundingly well. But I expected it since I used to just trade GBPJPY exclusively on the 4 hr.
  • #625
  • Oct 30, 2010 9:11am Oct 30, 2010 9:11am
Hi Steve,

I have the same issues...errant blue lines re TP....it's been a busy few days for me and I did not post about it. I'm away all day today...will be able to post a pic tomorrow.
Cheers
CanuckCT

Quoting SteveHopwood
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?

  • #626
  • Oct 30, 2010 9:18am Oct 30, 2010 9:18am
Hey guys,

thx for inputs.

I trade the 6 majors and GBPJPY. Primary and secondary trades. I guess it is called OOTB settings. Only thing I changed was when I reached 17.000 I changed Primary trades to 0.4 and Secondary to 0.2 lots. (from 0.3 and 0.1)

Balance is 19.222 and Equity is 18.362 as of Friday close.

BR

PC


Quoting juzgood1978
good to know that. I believe 19000 is balance. how about the equity and what's your current floating DD if any
cheers!
Less is more...
  • #627
  • Oct 30, 2010 9:19am Oct 30, 2010 9:19am
I will sort it out on Monday when I can play with some open trades.

  • #628
  • Oct 30, 2010 9:36am Oct 30, 2010 9:36am
Quoting trade4fun
pipcruiser,


however we also know that it aint working on JPY pairs and CHF pairs for this week.
Mine did awesome on AUDJPY and USDJPY! They helped me claw back losses from eurgbp and gbpusd!
  • #629
  • Oct 30, 2010 11:11am Oct 30, 2010 11:11am
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....

Macman says that The Beast, if not broken, is at least somewhat crippled because only a couple of the pairs have had the number of bars optimized. That's definitely an area that needs work.
  • #630
  • Oct 30, 2010 11:42am Oct 30, 2010 11:42am
Quoting duffypratt
Macman says that The Beast, if not broken, is at least somewhat crippled because only a couple of the pairs have had the number of bars optimized. That's definitely an area that needs work.
Why dont you use the following for a 7 day high/low being broken for each pair traded instead of using the sixths calculations...

//+------------------------------------------------------------------+
//| expert PivotL function |
//+------------------------------------------------------------------+
double PivotL(string symbol)
{
return(iLow(symbol,60,iLowest(symbol,60,MODE_LOW,168,1)));
}

//+------------------------------------------------------------------+
//| expert PivotH function |
//+------------------------------------------------------------------+
double PivotH(string symbol)
{
return(iHigh(symbol,60,iHighest(symbol,60,MODE_HIGH,168,1)));
}

The market doesnt care much for the sixths stuff but will respect these 7 day high/lows being broken.

Scoobs.
  • #631
  • Edited 12:25pm Oct 30, 2010 12:04pm | Edited 12:25pm
Quoting luiboy
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%.
Account going to be empty as soon as you hit strong trend.

You cannot just keep buying or selling something that can drop or rise

several thousand pips.. It's should work OK in sideways Market only.

You know what I'm thinking??? This Strategy needs low trending pair..

I'm checking out AUDSEK.. Look 1H chart, this is perfect.. Flying back in forth 100+ pip range

There is some trends but it's not like straight up going like ZigZag, Highs can be sold and next leg down

collect profit.. This pair looks good.. Check it out..

I'll post chart so you can see what I Mean
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  • #632
  • Oct 30, 2010 12:28pm Oct 30, 2010 12:28pm
Spread too high though looks like 30 pips, but it's a weekend

I'll check during the trading days,

I scroll back a lot and everything is manageable there.. Perfect for

this EA (Not every broker have it, but for Forex ATM, we could fine the one who does..)

Look (AUDSEK H4):
Attached Image (click to enlarge)
Click to Enlarge Name: audsek_h4.jpg Size: 118 KB
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  • #633
  • Oct 30, 2010 12:35pm Oct 30, 2010 12:35pm
Another screen shot H4 zoomed out to see details,

Red Lines are 100 pips apart, You can sell high buy low here,

NO problems..
Attached Image (click to enlarge)
Click to Enlarge Name: audsek_h4_2.jpg Size: 141 KB
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  • #634
  • Oct 30, 2010 12:46pm Oct 30, 2010 12:46pm
Another one, Yeah, baby, EURPLN

Spread still too high, will check on the regular days:

EURPLN 4H... Perfect
Attached Image (click to enlarge)
Click to Enlarge Name: eurpln.jpg Size: 90 KB
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  • #635
  • Oct 30, 2010 2:04pm Oct 30, 2010 2:04pm
Quoting SkyzerFX
Another one, Yeah, baby, EURPLN

Spread still too high, will check on the regular days:

EURPLN 4H... Perfect
Have to agree with your approach. An ideal situation would be price bouncing back and forth within a channel. Kind of like controlled chop, without the trending.
Of course, how long the pair stays within the channel is anyone's guess.

Rob
  • #636
  • Oct 30, 2010 2:11pm Oct 30, 2010 2:11pm
Quoting Toothman
Try a 40/20 setting with a jump of 30. It gives a little more room for price to back up and then continue forward after BE.
Thanks for the tip Toothman. I'll adjust me settings and see what happens.
  • #637
  • Oct 30, 2010 3:11pm Oct 30, 2010 3:11pm
why dont we delegate currency pairs to a few of us to ascertain optimised settings with regards to the bar counts?

I have back tested GBPCHF and can see it trades quite well with a bar count of 350!
  • #638
  • Oct 30, 2010 6:26pm Oct 30, 2010 6:26pm
Quoting SteveHopwood
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.

Steve,

At the end of my post, I volunteered to do the re-engineering of the chart generator for the Beast Basket Chart. I appreciate your willingness to support this, but I would like to get a feel whether you and macman believe the basic concept that is being tendered by trade4fun and E2u has merit.

With Regards, KingHigh

{ I worked on fib display code on the FTLR Simone EA - to jog your memory. }
  • #639
  • Oct 30, 2010 6:28pm Oct 30, 2010 6:28pm
Quoting SkyzerFX
Another one, Yeah, baby, EURPLN

Spread still too high, will check on the regular days:

EURPLN 4H... Perfect
Aud/NZD chops alot.
  • #640
  • Oct 30, 2010 6:43pm Oct 30, 2010 6:43pm
Quoting KingHigh
Steve,

At the end of my post, I volunteered to do the re-engineering of the chart generator for the Beast Basket Chart. I appreciate your willingness to support this, but I would like to get a feel whether you and macman believe the basic concept that is being tendered by trade4fun and E2u has merit.
How should I know? I barely understood a word they wrote. Sorry, but we are talking serious cluelessness here.

No doubt those who have used the T101 offline thingy know what they are talking about. I am not one of them.

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