Vegas Algorithm auto-trader by Steve and Squalou

Marks and Spencers my friend. 5 for £1 hahahha

Tough day for Vegas today.

Did anyone else notice this. was short EU and jumping stop took me out at scratch, but bot immediately got me into another trade.

Steve and SQ are just unbeatable team...!
great work as always guys !

just GREAT!

cheers

ps/ can't wait to test this one

Gone a bit quiet here. Anyone having success??

Well , to be honest , I wouldn`t say amazing , What I gain I seem to lose on the next trade , Saying that I havent tweaked much
But as the Vegas PDF says its based on a day of trade 6 am 6pm GMT
Its absolutley raining buckets here in France whats it like in Sunny UK

The onyl thing ive tweaked is BE @ 10 pips. And jump stop of 10 pips. Seems to be better as this is a scalping system.

It shorted GU and won just now. but lost loads yest.
Im looking at AlF+ALMA lines and they seem to be giving slightly better signals.. Deffo worth looking into.

UK is actually not raining today for once. been windy and rainy all week. Just lucky i dont have to commute to work anymore

Here are the EU trades since switching to the No Close version.

I also had it running on GU but the net result is a loss.


EDIT: By the way I'm using TP 100, SL 25, Trading time 7-20 UK time, BE pips 15, BE profit 5, and JSL 15. Given that the Vegas manual is aiming for less than 10 pips a day I would say it's not doing so bad.

I'm also looking at the entry points with the ALF and ALMA indicators.
It really seems that the entry point are given earlier and more precise, which would gain some extra pips on most of the trades.

I also found some situations where the ALF ALMA combination took the trade in the profitable way, while the other combo took it in the opposite, right into the stop loss.

I'm testing on all the major pairs.

---- I have read the whole PDF and Vegas makes a compelling case which any good salesman should ( I'm in sales as well ), BUT what he has a a long term MA for trend direction and two short term MAs for entry and exit and then there is the SAR dots.

Now, I am going to be snarky -- Vegas is a trader for hire using MT4 but he doesn't have the MT4 expertise to develop Indies that handle Brokers with varying pip sizes. Sounds fishy.

Traders have posted over and over again that MA crosses don't work!! This is a long way from The Beast or the T101 Basket Stuff.

What am I missing. Seems like a lot of energy and work has been done here with little hope of success.

Be kind if I am way off base.

KingHigh

kingHigh, I understood the problem with MA crossover systems is that they need to be filtered to avoid whipsaws in low volatilty periods and for pullbacks.

Track down a copy of the Lindecourt systems which are MA based for examples of MA's being used selectively and IMO giving quite good entry and exit signals.

I have been watching ALF and ALMA together for the last day or so and the interaction between the two gives some clear entry signals although they need to be filtered especially on the 5 minute chart.

On an 1 hr chart simply trading the ALMA ALF cross with a take profit of 40 pips (or so) on the cross looks visually quite effective. Over the last 3 days we would have had 7 trades for 7 wins of 40 pips. ( one was marginal and may have been stopped out at breakeven). How effective this would be long term I can't say but looks interesting

rgds
Peter

if the manul system is not working, there is little hope for the EA:

http://www.fxopen.com/Pamm/Account.a...4-80cb9b99c4a1

Sorry to be such a negative so and so, but cannot see you all waste your time on something that just dont work. We are best off discussing the beast and enhancing it.

Bl888 asked me to replace the M5 ema's with Alf and Alma, so here it is.

I have also removed the Psar stuff as this seems irrelevant.

Bob also asked me to code a version with Alf and Alma taking the place of the H4 MA's, so here it is.

I have not tested this.

theres no stopping him super duper work. Will report back

link to vegas sys. ?

: p

Ye Gods Alive or Dead I Don't Really Care Which You Choose Phanti, you of all people should know better than this.

Try bloody post 1 here. If you cannot even be arsed to read post 1 in one of my threads then stop posting.

well sry ....
thought perhaps there's a old thread for Vegas system...
but pdf seems to tell me

Ok, this one comes with a Steve Health Warning, and this is not intended as a disrespect to Pinhead: I do not expect for even a second that this robot will be a successful trader as it is published here.

Pinhead asked me to code an ea that uses Alf, Rsi and a moving average to trigger trades. I had a few minutes, so I did. Here is the system:

 

1. if Alf is above the 50 EMA and Rsi > 50, the trend is up:
   1. buy at the open of a new candle if the previous candle has crossed Alf from below and there is a minimum of 1 pips separation

1. if Alf is below the 50 EMA and Rsi < 50, the trend is down:
   1. sell at the open of a new candle if the previous candle has crossed Alf from above and there is a minimum of 1 pips separation

2. Stop loss is either the StopLoss input or the 50MA, depending on which is the closest to the market

The Rsi and MA values are user inputs. Separation is set by the MinCrossPips input.

Further questions about the trading system will be answered by Pinhead. If by any remote chance this bot turns out to have legs, I will open a separate thread for it, or Pinhead will do this himself.

Have a play guys and see what you think. The inputs make this a backtester's delight. Trades are only considered at the open of a new candle, so set backtester for Open Prices Only.

Thanks, Steve.
For anyone interested, I'll be monitoring this thread closely in case any comments or questions arise. Feel free to PM me as well. I'm much more optimistic than Steve, but the market is an evil, unforgiving snakepit, so time will tell.
Okay. I'm off to strap this thing onto a demo.

Mike

I'm putting up a screenshot and attaching a template.

Steve, there's a slight problem. The EA has an attitude and is ignoring the MA and taking all crosses of ALF.

Mike