SWB Stealth (Martingale)

Hi, this is basically a takeoff from the SWB Martingale in this thread here. Since most of the strategy has already been kicked around in that thread, I thought I would use this thread to further develop and improve the EA. And, since I'm the one who made most of the modifications in the other thread and, I expect to continue doing so (time permitting of course ), I though it would be nice to move all the development stuff over here. That way, if there are any new updates to the EA, they can be included in the original post which, you can do if you originate the thread. So, now everything is more centralized and folks don't have to look all over to find the most current version of the EA.

Now I'm not saying you can't further discuss any strategies here, on the contrary, just that you might want to peruse the other thread first. Okay?

Since the "stealth" feature was driving most of the interest in the other thread, I decided to cut out most of the unrelated code and am now calling it the SWB Stealth. So far I've included the modifications in versions 4.1.0.3 and 4.1.0.6 (set tp_averaging to true in new EA), and am considering adding some of the other modifications, specifically the hedge option and some of the global close and suspend controls. Basically I'm starting over from scratch, but intend to make a focused and consolidated effort out of it.

I've also added a couple of new features, plus fixed the problem where the trades weren't closing when they were supposed to, which was due primarily to multiple charts being open at the same time I believe. I now have it setup to close orders based upon information specific to each chart, as opposed to overall Account Equity, which should take care of it.

I've also added a Power Lots feature, which determines ratio between account balance and lot size, and increases (or decreases) lot size and profit targets as account balance grows. It's sort of like compounded interest on a savings account, and makes it that much quicker to double the account size. To enable it, set power_lots to true ... and, to insure it works properly, set open_charts to the number charts/pairs you have open. Set it to any number greater than "1" on any chart. To disable it, and set everything back to "1" (default), set oc_reset to true, again, on any chart. I haven't actually checked whether the (global) set and reset feature works or not but, it should.

I also added another feature, trade_1_factor, which allows you to adjust first trade based upon percentage of tp_in_money target. Typically since you want it to be smaller (or, maybe not?), you enter a value less than 1.0. For example, if you set it to 0.25 and have tp_in_money set at $5.00, it will set first_trade to $1.25. Does that make any sense?

Am also adding another feature which allows you to scale tp_in_money target up and down, depending on the trade level but, it's not fully incorporated and I haven't added the scale down portion yet. Perhaps in the next day or two?

Oh well, I guess that's about it for now. If you're interested in looking at the code, the parts I added and/or modified are followed by two dashes and two stars, or ... // **

Have fun!

ETA: EA wasn't working after adding modification before posting ...



In case anyone is interested, there is new multi-time frame RSI version (below), which includes indicator. Follow the link for details.

Hi ecTrade,thanks for the sharing.
I have tried the previous version before,
I look forward on these new version.

Great initiative ecTrade

Any chance there could be added a option to open one buy and one sell at the same time, then basket the one that goes "wrong", and tp on the other, then open a new "buy" and basket that one if it goes the other way and tp on the previous sell basket, then open a new sell, for example?

Nice to see you back with your own thread. The new innovations look interesting

Hi
Thanks for this one
I've got a question, does Range option change anything? I've got same trades in backtest no matter what I put in this one.

THX

Not in America dude! ... except I will probably try and incorporate the previous hedge feature into the newest version, and maybe add a few things to that.

Aside from that though, I'm not sure what you're saying? Are you saying always have one buy and one sell open at the same time, and closing out the ones that go south?

Well, hopefully I'll have a few more to add before I'm through. I was looking at this thread here, and the indicator which I also modified here, and thought maybe we could get it to open particular pairs based upon their relative strength. I still need to get the indicator to work properly though, because it's not refreshing at the opening of a new bar. Thus far, nobody's even attempted to offer a solution.

Yeah, the Range sets how many pips/points there are between each level or, next trade. So yeah, it can make a big difference in terms of how the EA operates.

I want to say thank You ec.. Its great that you want to develop this EA.

I really tried hard and very long time to have some ideas to improve this EA, but nothig effective came up in my mind so I leave working on improvements and..

..Now I test good old 4.1.0.3 with MPTM shirt set to 50, 100 and 200 USD on IBFX nano. Tp set to 25, range 25, BB false, Stoch false, RSI 45,55, period 12 on 1m to have trades as much as possible. I have set SWB on 22 pairs which gives me average 35 USD per day (nano lots - 0.25 USD TP). The point is how often will be shirt protection (or global SL whatever You call it) triggered.

If it will work I try it to run this EA live on nano...

But time will tell.

Not in America luckily

Yes, something like that. Then you would benefit either way the price goes, and probably have less dd. If price moves up, it baskets the sells waiting for price to retrace enough, while you`ve had several buy`s making money, and vice versa. Atleast it should work fine in theory. That`s one way to prevent large DD`s. There might be a bit more "smarts" in it than just that though.

Oh, if you guys noticed the EA isn't working, you'll have to redownload it. I decided to modify it prior to posting and didn't think it would affect anything. I guess I was wrong. Sorry.

Thanks.

So long as the market is ranging it will probably work fine. However, once it starts to trend, and you get on the wrong side of it, you'll have to set how high you want your limit to go, for example, level 3, and that of course entails taking a loss. Also, in order to maintain a hedge all the time, you are effectively eliminating the filtering, and I'm not sure what all that entails? It's something to think about though.

I know, that`s why I said it might need a bit of thinking to figure out the best method. My point is to make it so that you might not need to restrict the levels and take a loss, if the "other side" is able to keep up to keep dd within reason. If you got on the wrong side of a trade like you probably will no matter what, I`d rather have a opposite side trade going instead of nothing

The problem with hedging at say L3, is that price can stop right afterwards and go back, and then you suddenly lose because of SL. Unless it`s a smarter hedge function, which don`t use stop loss, but baskets the hedge in case it goes south. Because as I`ve seen with other EA`s that hedge is that when they use stop loss, it empties the account in no time, instead of doing what it`s supposed to do, save the account.

Have you seen this version? It's probably one of the best ways of hedging I know of. I got the idea from what Ralph19 was discussing here, and I was merely trying to implement it.

In works quite well in fact. However, it won't prevent you from ultimately blowing your account, although it will definitely improve your chances.

This is the same version of the hedge I was referring to in the original post and, mentioned to you.

Oh, I also tried implementing something similar to what you are talking about yesterday and, unless I can find a better way to do that, it involves restructuring the whole EA, and I'm afraid I don't have time to do that right now. Sorry. It seems like a simple enough idea, except you almost have to create two separate and distinct EA's (within the same EA) in order to accommodate the hedge.

i cannot believe this, first time i use a ea.
good work ectrade.

http://www.mt4i.com/users/fibofuzi

Hey, I noticed that when testing these EA's, they tend to blow the account a lot sooner. However, when I look at the backtest report, it only blows about half the account. Whereas before, it almost always wiped you out. Is this a result of the new 50:1 leveraging?

I guess this is good in a sense, in that it will help protect your account, but it won't allow you to extend the results out like you did before.

A word of warning. I've been using the original EA, that ecTrade created, for the past 4 months. Like most of us (I hope), testing in demo mode before switching to live account.

The concept is a good one and SWB is capable of churning out profits day after day. However, there will come a time when that death trade appears. In fact, I had two within 7 days, on 2nd Nov GBP/CHF (went to Level 11) and, again on 9th Nov GBP/USD went to L8. My levels are set to max of 7.
The GBP doesn't seem to like Tuesdays recently!!!

In order to preserve your account, some form of hedging has to be implemented. You won't make a profit by hedging (not using this strategy anyway) but, it will help reduce the loss.

You're better off trading Blessing, which is a grid trader and has adjustable equity protection settings. I've been live for over two years and haven't had one EP hit. It will also survive a three-year backtest without any problems.

Rob

Not for me. I believe that it now has FIFO built in to the coding as standard. Being a UK resident, trading SWB, I want my trades to be closed LIFO.

See my PM. There are many versions of Blessing that are LIFO. Just because the latest version is FIFO compliant doesn't mean you have to use it.

Rob