You can always go with IBFX if you live in the States. They are FIFO compliant (or so they say), but everything is done on their side, so whenever you go to close a trade, you can't tell the difference. You don't know that you're not trading LIFO. Neither do your EA's.
- #23
- Edited 5:00pm Nov 13, 2010 6:51am | Edited 5:00pm
- | Joined Jul 2009 | Status: Trader | 1,163 Posts
Okay, it looks like I got the hedge together on the stealth version, on both tp_averaging verson and non-tp_averaging version. It wasn't nearly as difficult this time, as the EA is laid out better. Both versions seem to be working okay, except I'm not sure about the final calculations. I still need some time to look at it. You are free to try it out, however.
As for how to set it up, set hedge to true, hedge_start to level you want to start, h_lot_factor to lot value you want, based upon percentage of current trade, and h_tp_factor to tp value, based upon percentage of range. There's also a secondary_hedge which, when set to true, continues to place hedges if first hedge closes out before next level opens. You can also specify at what point it opens with secondary_factor which, like h_tp_factor, is based upon percentage of range.
Currently I already have these values set, but there is nothing to say they have to stay that way. They are more for illustration at this point. I will also probably post this on the original post, when I get the chance.
Any questions, or bugs to report? Feel free to let me know, Okay?
Thanks.
ETA: Had to modify because it wasn't working with tp_averaging set to false ...
As for how to set it up, set hedge to true, hedge_start to level you want to start, h_lot_factor to lot value you want, based upon percentage of current trade, and h_tp_factor to tp value, based upon percentage of range. There's also a secondary_hedge which, when set to true, continues to place hedges if first hedge closes out before next level opens. You can also specify at what point it opens with secondary_factor which, like h_tp_factor, is based upon percentage of range.
Currently I already have these values set, but there is nothing to say they have to stay that way. They are more for illustration at this point. I will also probably post this on the original post, when I get the chance.
Any questions, or bugs to report? Feel free to let me know, Okay?
Thanks.
ETA: Had to modify because it wasn't working with tp_averaging set to false ...
- #26
- Edited 5:54pm Nov 14, 2010 5:21pm | Edited 5:54pm
- | Joined Jul 2009 | Status: Trader | 1,163 Posts
- #31
- Edited Nov 16, 2010 8:51am Nov 15, 2010 5:35pm | Edited Nov 16, 2010 8:51am
- | Joined Jul 2009 | Status: Trader | 1,163 Posts
Oh I wanted 25 SL hard stop loss for every L1 trade goes against trend (our direction). Then if it goes Our direction (with trend) we add every 25 pips (our range for now) additional trades (L2 and deep, same way like with original SWB, this time with positive floating PL). If it reaches L2 and deeper and then goes against us we close trades at BE. Not with the loss according to original rules..
I hope this helps.. Thank You.
I just added an input to set break even level. However, to set SL for first trade, you have to calculate it using trade_1_factor. For example, if you want it set to 25, you take the start_lot, which is currently set to 0.1, and multiply it by 25, which is -2.50. Now, if tp_in_money is set to 5.00, you want to multiply that by -0.5 to get -2.50. This is how it's set up currently.
Right now it's not making any money, although it's not losing much either. You will probably need to dinker with the indicator settings, or possibly change indicators, for better results. I just did this more to see if I could get it to work, and possibly get more input from you.
Thanks.
ETA: Modified to include updates below, as well as indicator.
- #32
- Edited 9:04am Nov 16, 2010 8:41am | Edited 9:04am
- | Joined Jul 2009 | Status: Trader | 1,163 Posts
Okay, have modified EA to include #MTF_RSI indicator. Also added first trade SL, which only works when set to value greater than 0. Otherwise it goes with value determined by trade_1_factor.
I also figured out it doesn't close trades properly when using either tp_averaging and non-tp_averaging scenarios, and have bypassed it altogether, at least for now. Instead I'm setting it to do a close-all through trade limit level. For example, if set to level 4, it opens up to 4 trades and, when it goes to open the 5th (or reaches that threshold) it won't, but closes everything out at that point. It actually works quite well, and I may wind up adopting it. In fact, if you want to figure out the overall TP level, just multiply the range by the number of trades or trade level.
The break-even feature doesn't appear to work right either, so I've disabled it for now (set it to higher value than trade level) but, it definitely needs to be addressed, and I should have it incorporated in the next and/or final version.
After that, we can begin discussing strategies and perhaps the more subtle modifications. This EA looks pretty promising! I modified it in the post above and included the indicator as well, which you'll need to put in your indicator folder.
I also figured out it doesn't close trades properly when using either tp_averaging and non-tp_averaging scenarios, and have bypassed it altogether, at least for now. Instead I'm setting it to do a close-all through trade limit level. For example, if set to level 4, it opens up to 4 trades and, when it goes to open the 5th (or reaches that threshold) it won't, but closes everything out at that point. It actually works quite well, and I may wind up adopting it. In fact, if you want to figure out the overall TP level, just multiply the range by the number of trades or trade level.
The break-even feature doesn't appear to work right either, so I've disabled it for now (set it to higher value than trade level) but, it definitely needs to be addressed, and I should have it incorporated in the next and/or final version.
After that, we can begin discussing strategies and perhaps the more subtle modifications. This EA looks pretty promising! I modified it in the post above and included the indicator as well, which you'll need to put in your indicator folder.
- #34
- Edited 8:45pm Nov 16, 2010 8:07pm | Edited 8:45pm
- | Joined Jul 2009 | Status: Trader | 1,163 Posts
- #36
- Nov 17, 2010 5:05am Nov 17, 2010 5:05am
- | Joined Jul 2009 | Status: Trader | 1,163 Posts
I think the strength of this system is that we use almost all pairs which will give us positive result alltogether the same way as I am permanently in DD with original SWB with inputs that allow you to have a trade on the pair permanently..
Would like to see how that works.
What method does one use to rate the pairs into complimentary baskets
where the aggregate net result to the operating basket is gain or BE?
http://www.forexfactory.com/showthread.php?t=265350
This thread by O'l Dog has much merit in describing a method for aggregating
multiple pairs into either ranging or trending "combined" results. Essentially if this method were operable one could have a constantly trending, or conversly, a constantly ranging combined pair result!
Other than the above, what other methods do you recommend to constantly be managing a multiple pair basket efficiently and to a profitable result?
Atlas1
- #40
- Edited Nov 18, 2010 7:55am Nov 17, 2010 5:28pm | Edited Nov 18, 2010 7:55am
- | Joined Jul 2009 | Status: Trader | 1,163 Posts
Okay, it looks like I have something here. Everything seems to be working fine, except for the break even feature, unfortunately. It too appears to be working, except I'm not getting very good results. Maybe it's my settings, I don't know? I was trying something different (current defaults) from what carolco suggested. Since he/she has a better idea of what they're looking for, maybe they can make the required adjustments?
As per carolco's request, I've set it up with variable lot (versus range) configuration. There are two lot sizes and two ranges, the initial lot size and range (start_lot_1 and range_1) for the first trade, and secondary lot size and range (start_lot_2 and range_2) which works with lot multiplier and increment settings. And, where carolco suggested three 0.01 trades, at 25 pips, I thought I should first try one trade at 0.01, and vary the range to say, 75 pips (or whatever). And from there, if trend is strong enough, you can start ramping up lot sizes by entering secondary trades. Oh well, this section seems to be fully functional, which I verified by checking the results tab on the backtester. If necessary, can add start_lot_3 and start_lot_4 though.
Also, there are three options for closing out trades: tp_in_money, based upon currency value or, tp_top_level, which closes trades based upon top_level you set. The third option is tp_hard, which is set when tp_top_level is set, and sets actual TP values, instead of "stealth."
There is also sl_1 for first trade (currently set to 50), which will either close out trade when it's hit or, gets deleted when second trade opens and break even feature is enabled. Which brings us to where we're at now. On top of break_even level (which should be set at 2), I added b_e_loss (set to 1.0) which lowers break_even target. This is one way to verify whether it's working or not. Initially, when set to 0, it kept opening and closing trades right away and nothing happened. So I set it to -1.0 (no need to add "-" sign) and started getting some action, except it was closing out too many times at a loss. But, at least it appeared to be working.
Also, if you set b_e_loss to a large value, say -25.0 (again, no need to add "-" sign), it basically disables it, which gives you a chance to evaluate other parts of the EA and see whether it's working or not.
That's about it for now I guess.
Thanks
ETA: Set tp_in_money as closing option ... added mods in post #42.
As per carolco's request, I've set it up with variable lot (versus range) configuration. There are two lot sizes and two ranges, the initial lot size and range (start_lot_1 and range_1) for the first trade, and secondary lot size and range (start_lot_2 and range_2) which works with lot multiplier and increment settings. And, where carolco suggested three 0.01 trades, at 25 pips, I thought I should first try one trade at 0.01, and vary the range to say, 75 pips (or whatever). And from there, if trend is strong enough, you can start ramping up lot sizes by entering secondary trades. Oh well, this section seems to be fully functional, which I verified by checking the results tab on the backtester. If necessary, can add start_lot_3 and start_lot_4 though.
Also, there are three options for closing out trades: tp_in_money, based upon currency value or, tp_top_level, which closes trades based upon top_level you set. The third option is tp_hard, which is set when tp_top_level is set, and sets actual TP values, instead of "stealth."
There is also sl_1 for first trade (currently set to 50), which will either close out trade when it's hit or, gets deleted when second trade opens and break even feature is enabled. Which brings us to where we're at now. On top of break_even level (which should be set at 2), I added b_e_loss (set to 1.0) which lowers break_even target. This is one way to verify whether it's working or not. Initially, when set to 0, it kept opening and closing trades right away and nothing happened. So I set it to -1.0 (no need to add "-" sign) and started getting some action, except it was closing out too many times at a loss. But, at least it appeared to be working.
Also, if you set b_e_loss to a large value, say -25.0 (again, no need to add "-" sign), it basically disables it, which gives you a chance to evaluate other parts of the EA and see whether it's working or not.
That's about it for now I guess.
Thanks
ETA: Set tp_in_money as closing option ... added mods in post #42.