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Attachments: Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone
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Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

  • #761
  • Nov 12, 2010 2:45pm Nov 12, 2010 2:45pm
which 3 pairs are you trading?

Quoting Pipstrumpf
Ok, here we go 8 weeks running this bot on 3 pairs, same settings as mentioned few postings ago and that is what I got:

Attachment

Please note the bot started after the useless BOJ market manipulation intervention. For any BOJ Member reading FF if I was the Emperor of Japan I would ban you onto an Island for life.

Also I have been able to blow up an demo account with this bot this week and my humble advice to anybody trying to run this bot, trade only a few pairs which are not correlated to each other and keep...
  • #762
  • Nov 12, 2010 2:48pm Nov 12, 2010 2:48pm
Quoting obnoxious2
which 3 pairs are you trading?
eur/jpy, usd/chf, gpb/usd
  • #763
  • Nov 12, 2010 3:50pm Nov 12, 2010 3:50pm
Quoting Pipstrumpf
Ok, here we go 8 weeks running this bot on 3 pairs, same settings as mentioned few postings ago and that is what I got:

Attachment

Please note the bot started after the useless BOJ market manipulation intervention. For any BOJ Member reading FF if I was the Emperor of Japan I would ban you onto an Island for life.

Also I have been able to blow up an demo account with this bot this week and my humble advice to anybody trying to run this bot, trade only a few pairs which are not correlated to each other and keep...
the blown DEMO acct. was with Tadawul. If not, please advise. How did you manage to blow acct.? Which TF, settings,etc.
Vincit qui se vincit.
  • #764
  • Nov 12, 2010 3:58pm Nov 12, 2010 3:58pm
Quoting Pippopotamus
the blown DEMO acct. was with Tadawul. If not, please advise. How did you manage to blow acct.? Which TF, settings,etc.
No, FXOpen ECN criminal. Basically trade 8 pairs, most of them correlating with each other and high lot size value. Then you just need some rumors coming out and the EUR dropping 500 pips and that's it, asta la vista account.
  • #765
  • Nov 12, 2010 4:29pm Nov 12, 2010 4:29pm
Quoting Pipstrumpf
Ok, here we go 8 weeks running this bot on 3 pairs, same settings as mentioned few postings ago and that is what I got:

Attachment

Please note the bot started after the useless BOJ market manipulation intervention. For any BOJ Member reading FF if I was the Emperor of Japan I would ban you onto an Island for life.

Also I have been able to blow up an demo account with this bot this week and my humble advice to anybody trying to run this bot, trade only a few pairs which are not correlated to each other and keep...
Great result. Well done on the blowup as well; it helps us all when we know how a bot can kill an account.

  • #766
  • Edited 5:48pm Nov 12, 2010 4:50pm | Edited 5:48pm
Quoting Pipstrumpf
No, FXOpen ECN criminal. Basically trade 8 pairs, most of them correlating with each other and high lot size value. Then you just need some rumors coming out and the EUR dropping 500 pips and that's it, asta la vista account.
knowing that only great imprudance led to disaster...I am still trying to determine if it is better to trade 24 pairs at .01, or 12 at .02, or 6 at .04, etc.
Vincit qui se vincit.
  • #767
  • Nov 12, 2010 8:35pm Nov 12, 2010 8:35pm
How about best performing 1 or 2 pairs only?

The commercial bot 'Megadroid' won 3 competitions trading only E/U.
  • #768
  • Nov 12, 2010 10:50pm Nov 12, 2010 10:50pm
Quoting vinesh
How about best performing 1 or 2 pairs only?

The commercial bot 'Megadroid' won 3 competitions trading only E/U.

Don't ever put your eggs into one basket. Distributed trades within a basket are more likely statistically to reach your goal.
  • #769
  • Nov 12, 2010 11:01pm Nov 12, 2010 11:01pm
Quoting sidhujag
Don't ever put your eggs into one basket. Distributed trades within a basket are more likely statistically to reach your goal.
Thats right, however trading EUR/JPY and EUR/USD together for example is gonna be most likely a double hit to your account if the Euro goes against your positions. That is why I mentioned trade negative correlated pairs only, much better diversification.
  • #770
  • Nov 13, 2010 8:07am Nov 13, 2010 8:07am
Hi Pipstrumpf,
Looks like you guy's had a tough week over here....I'm really surprised that this bot didn't ride that out....My penny acc went down alittle and the DD went up alittle and it hasn't made back what it lost yet but it's still alive....
I'm still trading this bot the same way I was trading it in August.....23 pairs,D1 charts, at 30 pips profit send half and keep half and do alittle manual hedging. Life is alittle slower on D1 charts and it is easier to stay out of trouble, at least for me anyway. But I still only trade penny's.....Good Luck..

Have a great weekend

whip
  • #771
  • Nov 13, 2010 10:33am Nov 13, 2010 10:33am
* ahem shuffle shuffle cough errrrrr sorry erm

Sorry guys; I really really wanted to go a whole day without a single line of code passing my fingertips. It hasn't happened and it is all ForexKiwi's fault.

http://www.forexfactory.com/showthre...35#post4170335

  • #772
  • Edited 3:36pm Nov 13, 2010 2:59pm | Edited 3:36pm
Quoting hiredwhip
Hi Pipstrumpf,
Looks like you guy's had a tough week over here....I'm really surprised that this bot didn't ride that out....My penny acc went down alittle and the DD went up alittle and it hasn't made back what it lost yet but it's still alive....
I'm still trading this bot the same way I was trading it in August.....23 pairs,D1 charts, at 30 pips profit send half and keep half and do alittle manual hedging. Life is alittle slower on D1 charts and it is easier to stay out of trouble, at least for me anyway. But I still only trade penny's.....Good...
Hi hiredwhip,

I have had two accounts, the first account is set up very conservative and is truly a runner and adding pips every month as per my graph posted
yesterday. The second account I set up was to make it or break it. Besides getting a margin call for the second account I got also a lots of trading data out of this test and this is valuable to me.
A few things sprang to my attention during the last 3 weeks of comparing the two accounts with two different brokers such as:
Broker server time. This is a crucial part as all the entry levels and therefore all L2, L3,and L4 recovery's will be at different levels.

Currency pairs. Out of the 8 pairs traded 3 survived the Euro tsunami and closed profitable and that is EUR/JPY, GBP/USD, AUD/USD and a minor loss in the USD/CHF. As we play recovery catch up it does not surprise me at all that those pairs survived the storm, they are highly volatile currency pairs and therfore have a very good chance to recover more quickly. This has also been confirmed by my conservative set up.

The 3 currency pairs which killed the account is the EUR/USD, EUR/GBP and EUR/CHF. So after the USD bashing it was time for the media to start to bash the EURO and I find it interesting to see a mayor currency to plunge in such a rapid way without any good recovery's, that only shows you that the whole financial system is built like a card house ready to crumble any moment.
EUR/GBP normally very boring but no not this time, straight downhill without looking back and of course if the EUR/USD goes downhill the EUR/CHF will go the same way especially as the SNB has not much ammunition left over to counter the trend.

And now my last point, leverage. If the blown account had not been set up to 1:500 leverage the margin call would a be much earlier so for all the leverage basher you are wrong. The only reason the account was killed was bad money management (ratio of available funds to lot size and number of currency pairs traded at the time). The US lawmaker has fooled you in believing such utter crap, leverage is a huge advantage when it is used rightly, just asked any banker because they have it (nearly for free) with your money in their vaults.
  • #773
  • Nov 13, 2010 3:20pm Nov 13, 2010 3:20pm
Quoting Pipstrumpf
Hi hiredwhip,

I have had two accounts, the first account is set up very conservative and is truly a runner and adding pips every month as per my graph posted
yesterday. The second account I set up was to make it or break it. Besides getting a margin call for the second account I got also a lots of trading data out of this test and this is valuable to me.
A few things sprang to my attention during the last 3 weeks of comparing the two accounts with two different brokers such as:
Broker server time. This is a crucial part as all the entry levels...
Really interesting reply Pipstrumpf....And to my own surprise I agree with about 100% of it....The US Govt could do alot more than it is doing to help the world monetary system as could China and I'm an American citizen who served in the military and proud of my country because that is the way I was taught.....would the govt get a pat on the back from me now, I don't think so.......

Have a great weekend

whip
  • #774
  • Nov 13, 2010 8:18pm Nov 13, 2010 8:18pm
Quoting SteveHopwood
* ahem shuffle shuffle cough errrrrr sorry erm

Sorry guys; I really really wanted to go a whole day without a single line of code passing my fingertips. It hasn't happened and it is all ForexKiwi's fault.

http://www.forexfactory.com/showthre...35#post4170335

You should really see a Therapist for your 'addiction' Steve. You cannot stay 'dry' for a day also!!!!
  • #775
  • Edited 4:51pm Nov 15, 2010 3:39pm | Edited 4:51pm
Testing 1st on FXDD, and then on IBFX Demo platforms, I have been unable to trigger the FLTR DESL. Many pairs,TFs, TLs, w/wo trend filters,w/wo recovery, etc. DESL set to 0, 10,100,1000,10000, etc. I must be missing something. What else is new? Can someone help with this? Perhaps direct me to the pertinent posts?(Post edited.)
Vincit qui se vincit.
  • #776
  • Nov 15, 2010 4:39pm Nov 15, 2010 4:39pm
Quoting Pippopotamus
Testing 1st on FXDD, and then on IBFX Demo platforms, I have been unable to trigger the FLTR SL. Many pairs,TFs, TLs, w/wo trend filters,w/wo recovery, etc. DESL set to 0, 10,100,1000,10000, etc. I must be missing something. What else is new? Can someone help with this? Perhaps direct me to the pertinent posts?
Don't know what you mean by the FLTR SL. There is a DireEmergencyStopLossPips that you can use as a stop loss - that is the only one there is.

  • #777
  • Nov 15, 2010 4:42pm Nov 15, 2010 4:42pm
Quoting SteveHopwood
Don't know what you mean by the FLTR SL. There is a DireEmergencyStopLossPips that you can use as a stop loss - that is the only one there is.

is what I am referring to.
Vincit qui se vincit.
  • #778
  • Nov 15, 2010 4:54pm Nov 15, 2010 4:54pm
Steve,

I have seen the same thing in back testing: Set whatever the Dire Emergency SL is set to, it never triggers and the back test goes on to produce exactly the same result as with no SL. This is true even with "sensible" level SLs, not just ones in the thousand pip range.

Cheers

Invisible
  • #779
  • Nov 15, 2010 5:10pm Nov 15, 2010 5:10pm
Cheers guys, I misunderstood what pipo was getting at.

This has not come up before, I guess because people are relying on Recovery and hedging to deal with the runners.

I had a quick look at the code; the stop loss is calculated but not actually sent with the trades. I have put a fix for this in post 1. Thanks pipo and invisible for bringing this up.

On a different matter, when I started this thread, what to do about runners against the original trade was a source of considerable discussion. Nobody has mentioned this lately and there have been a number of runners causing considerable dd in other systems - The Beast et al.

Anybody here able to say how well fltr has dealt with these?

  • #780
  • Nov 15, 2010 5:27pm Nov 15, 2010 5:27pm
Quoting SteveHopwood
Cheers guys, I misunderstood what pipo was getting at.

This has not come up before, I guess because people are relying on Recovery and hedging to deal with the runners.

I had a quick look at the code; the stop loss is calculated but not actually sent with the trades. I have put a fix for this in post 1. Thanks pipo and invisible for bringing this up.

On a different matter, when I started this thread, what to do about runners against the original trade was a source of considerable discussion. Nobody has mentioned this lately and there have...
From what I can gather is that FTLR is going well with the recovery but and again but the tsunami hit pairs such as EUR/USD and EUR/GBP are really struggling at the moment. So if we do not get any decent recovery happening then there is only a few options left, pull the plug and take the hit, hedge or top up the account. I go for the protection hedge.

Cheers
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