SWB Stealth (Martingale) | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SWB Martingale EA 1,058 replies

Martingale, Reverse Martingale, Modified Martingale, Maths 1 reply

SWB Martingale EA (with best setting) 63 replies

Martingale vs. Non Martingale (Simplified RoR vs Profit) 1 reply

SWB Super Trend 77 replies

Attachments: SWB Stealth (Martingale)
Exit Attachments

SWB Stealth (Martingale)

  • #41
  • Nov 18, 2010 3:50am Nov 18, 2010 3:50am
That's strange. I have both a live and a demo account with IBFX and both are mini accounts. When bactesting, the EA seems to work fine on the live account but doesn't work on the demo account. At the very least (there may be other things as well) it won't set the SL for the first trade and I have no idea why? This may be helpful to know if you're having similar problems.

In the meantime, I think I'm going to knock off for a few days because I need to take a break. Feel free to test it (if you can) and post your results if you will.

Thanks.
  • #42
  • Edited 8:50am Nov 18, 2010 4:46am | Edited 8:50am
Okay, I noticed it will work when setting daily_rsi to true. Don't ask me why?

Also, I modified the code a bit, so you might want to download it again. And here I changed b_e_loss to break_even_sl, because it can serve as a stoploss as well. If you want to use it as a break even point set it to 0.0. I also moved daily_rsi prompt into the routine it's associated with, instead of outside of it. I checked the journal and there was some sort of error. I don't know whether I fixed it or not? I also removed break_even override (BE set to 7), because it was only there for testing and I forgot to remove it.


ETA: Moved daily_rsi back ... plus added check to see if value is greater than 0. Was getting false "sell" signal when first opening EA.
  • #43
  • Nov 18, 2010 4:23pm Nov 18, 2010 4:23pm
Thank You Ec
I will try it since now and will post results..
  • #44
  • Nov 19, 2010 3:39pm Nov 19, 2010 3:39pm
Thanks for this great EA.
Could You pleas take a look at PowerLots function?
On one of my demos, where smallest lot is 0.01 everything is ok, but on another with 0.1 smallest lot Power Lots seems to be not ok.

First trade is ok, but when Power Lots increases lot value it goes to 0.11 not 0.2 and with 0.11 I've got:
swb stealth_v1.01_h GBPUSD,H1: OrderSend error 131


Thank You
  • #45
  • Edited 8:39pm Nov 19, 2010 8:29pm | Edited 8:39pm
Quoting Patreze
Thanks for this great EA.
Could You pleas take a look at PowerLots function?
On one of my demos, where smallest lot is 0.01 everything is ok, but on another with 0.1 smallest lot Power Lots seems to be not ok.
Actually it sounds like the power lots feature is working correctly. It's supposed to increase gradually as the balance/equity increases. So, let say you start with a balance of $3,000 at .1 lots. By the time the balance doubles and reaches $6,000, the lot size doubles also to .2 lots. At the same time, .2 lots is the same percentage $6,000 as .1 lots is to $3,000, so you're maintaining the same risk.

Quote
First trade is ok, but when Power Lots increases lot value it goes to 0.11 not 0.2 and with 0.11 I've got:
swb stealth_v1.01_h GBPUSD,H1: OrderSend error 131
No, I don't think the power lots is causing this. Does it still process the order?

Is is possible the lot size is too large because you don't have enough money in your account? ... although I don't recall what the error code is for that.
  • #46
  • Nov 20, 2010 3:30am Nov 20, 2010 3:30am
Quoting ecTrade
Actually it sounds like the power lots feature is working correctly. It's supposed to increase gradually as the balance/equity increases. So, let say you start with a balance of $3,000 at .1 lots. By the time the balance doubles and reaches $6,000, the lot size doubles also to .2 lots. At the same time, .2 lots is the same percentage $6,000 as .1 lots is to $3,000, so you're maintaining the same risk.

No, I don't think the power lots is causing this. Does it still process the order?

Is is possible the lot size is too large because you don't have...
Hi, thanks for replay.
As I said I am backtesting this EA on few different demos. With my Admiral Markets Demo which allows 0.01 lots everything is ok. Power lots works ok, but two other demos (FXCM and FXPro) where smallest possible lot is 0.1 it is not, no matter what amount of mony I start. I may be wrong but I think that with those two smallest lot is 0.1 and that is smallest possible increment as well. So with Your example when I start with 3000$/0.1 it should keep 0.1 until I reach 6000$ and then change to 0.2.
Thanks again and sorry for my English.
  • #47
  • Edited 4:29am Nov 20, 2010 3:51am | Edited 4:29am
Quoting Patreze
I may be wrong but I think that with those two smallest lot is 0.1 and that is smallest possible increment as well.
In that case it won't work, except as you describe below. This is probably what's giving you the error message, although I think it will still place the trade at 0.1.

Quote
So with Your example when I start with 3000$/0.1 it should keep 0.1 until I reach 6000$ and then change to 0.2.
Thanks again and sorry for my English.
Yes, this is what will happen.

Oh, if you set lot size to 0.2, it will change to 0.3 when balance reaches $4,500, which is something to consider.
  • #48
  • Edited 11:24am Nov 20, 2010 4:13am | Edited 11:24am
Okay, I found a couple of bugs and added a few mods to version R1. Also, since most of the code is new, and I deleted most of the old code, I signed my own name to the EA, and am calling it version R2. I think this is fair enough. Everything is basically the same, except I deleted all the indicator settings and am going only with the RS120 settings, at least for now.

Have also added an R3 version which is a bit different and based upon opening pending orders and manipulating the opening price until conditions are more favorable. This is comparable to the "lead in" period you (carolco) mentioned about trades 1, 2 & 3. I speak more about this below.

As for version R1, added range_1_level and range_2_level to accommodate both ranges, plus got top_level to total and display both. Am also calling break_even to sl_level, because it's really more of a stoploss, although it can be used for either. Also changed break_even_sl to sl_in_money, because again, this is basically what it is. If you want to use it specifically for break even, then set it to 0.

Version R3, like I said, only opens pending orders. Plus, it only works with one order/level at a time, which may change. Currently it's opening buystop and sellstop orders with offset of 40 and TP of 5. So, basically it's like scalping I guess, once the order opens and price has momentum. Of course you can always set TP values greater if you think it will work. Or, I'm thinking maybe leave TP's open and open multiple charts/pairs and closeout orders based upon overall or global price.

There is also a reset value (currently set to 100) that deletes orders, if they are still pending, and starts over again. This will help to insure you buy high and sell low. There is also an SL which has been disabled (set to 500), more so for testing right now. Of course if everything works well enough it may not be required. We'll see ...

ETA: Updated version R1 to fix demo issue mentioned below.
Attached File(s)
File Type: mq4 swb stealth_v1.01_R2.mq4   10 KB | 520 downloads
File Type: mq4 swb stealth_v1.01_R3.mq4   7 KB | 553 downloads
File Type: mq4 swb stealth_v1.01_R1.mq4   14 KB | 491 downloads
  • #49
  • Nov 20, 2010 8:17am Nov 20, 2010 8:17am
Oh, here is a link to the #MTF_RSI indicator I'm using on all three versions. While carolco had first posted it here.
  • #50
  • Edited 11:24am Nov 20, 2010 10:24am | Edited 11:24am
Okay, I just modified version R1, and think I fixed the demo issue mentioned here. It's working now anyway. If you have any problems, set daily_rsi back to true. This is how I got it to work before.

The update is in two posts above.
  • #51
  • Nov 20, 2010 10:35am Nov 20, 2010 10:35am
Why i cant BT your new 3 EA's attached above..? there are no results,reports and graph came out in my mt4 after the tester is finished..
  • #52
  • Nov 20, 2010 11:06am Nov 20, 2010 11:06am
Quoting Skycrewz
Why i cant BT your new 3 EA's attached above..? there are no results,reports and graph came out in my mt4 after the tester is finished..
I don't know? although I noticed (when daily_rsi set to true) it may take a few days before it places the first trade. It all depends on the current activity of the market. You might want to try testing a different pair.

How long did you try backtesting it?

Of course I'm not sure I like to wait so long either, so I may have to try a different indicator setting, and/or a different indicator.
  • #53
  • Nov 20, 2010 11:13am Nov 20, 2010 11:13am
Oh, did you load the #MTF_RSI indicator into the indicator folder? It has to be there, at least with versions R2 and R3. The same goes for version R1, except I set the default of daily_rsi to false in the latest update, so it should work regardless, so long as you don't set daily_rsi to true (without loading indicator).
  • #54
  • Nov 22, 2010 4:40am Nov 22, 2010 4:40am
Thank You EC. Great work. Now im testing R2 release. The idea with pending orders was my next suggestion but you have certailnly red my mind:-) I will try R3 soon ..

Now Im running R2 only across all available pairs on IBFX mini. But if it will work after some tweaking its clear that this ea should run on most volatile and most dangerous pairs. For example I would run it single GBPNZD with 50 USD PT on IBFX nano with SL in money 0.25. Its like you bet every 25 cents for 50 USD win..

Sorry for my ignorance. Could You explain Rng_1 level, SL_level inputs?

Thanx Karel
  • #55
  • Nov 22, 2010 6:13am Nov 22, 2010 6:13am
It seems SL in money does not work on R2 because GBP NZD made DD -10 USD on nanolots.. Or I have settings which affects the SL in money closure


Could you be so kind EC and provide for my testing purpose following version:

-SL for L1 (already coded)
-SL in money for rest of levels from L2 (Already coded but it seems it does not work)
-Range (same for all levels)
-Lot size for L1 (already coded)
-Lot size for L2 (already coded)
-multiplier (already coded)
-please add back the original RSI (i would like to see the differnece between Daily and original RSI)

The rest of features I do not need so you can delete or disable them..

I will be VERY GRATEFUL.

Many Thanx..
  • #56
  • Nov 22, 2010 8:34am Nov 22, 2010 8:34am
Quoting carolco
Sorry for my ignorance. Could You explain Rng_1 level, SL_level inputs?

Thanx Karel
Rge_level_1 corresponds to start_lot_1 and range_1 and rge_level_2 corresponds start_lot_2 and range_2. You use these to specify the maximum number of trades for each start_lot and range. For example, if you set rge_level_1 to "2," and rge_level_2 to "3," it will open first two trades at start_lot_1 and range_1, and next three trades at start_lot_2 and range_2, for a total of five trades. This is your maximum number of levels. Of course rge_2_level only applies if tp_top_level is set to false (enables tp_in_money), in which case the maximum number of levels is 10.

The sl-level sets level where sl_in_money kicks in. For your purposes you should set it at "2." I set it at 10 to disable it, because I didn't like the results and I couldn't check the functionality of other parts of the EA.
  • #57
  • Nov 22, 2010 9:34am Nov 22, 2010 9:34am
Thanx For explanantion. Thats why didnt work SL in money.. Now it is clear..
  • #58
  • Nov 22, 2010 1:05pm Nov 22, 2010 1:05pm
Hey, at least I didn't blow my account!

I ran test from 6-17-2009 to 11-22-2010 on EURUSD, and started with initial deposit of $500 US with lot size of 0.25, which is pretty good for such a small deposit. It reached a high of $2145 on 6-07-2010 and ended with $1038 on 11-22-2010. I still doubled my money. The absolute drawdown was $23.88.

There are a few updates to the EA, but basically it's the same. One thing I changed was how I called out the RSI settings. I set the median (or middle) point to 50, and specify both an opening and closing value on either side of it. So, if I set the opening value to +2, it will send a buy signal at 52 and a sell signal at 48. And, if I set the close value to +2, it will send a close buy signal at 48 and a close sell signal at 52, that is, if, at this point the stoploss had been reached. The point is, to try and get it to close only when it looks like it's beginning to trend in the opposite direction.

While here's an idea. Maybe we can get an indicator that reads both the 15 minute and daily RSI fimeframes and, when both appear to be trending, base the buy and sell signals upon that? And, maybe do something similar with an exit strategy?

Oh well, here's a picture of the graph ...

Attached Image (click to enlarge)
Click to Enlarge Name: swb_stealth_R3.gif Size: 7 KB
Attached File(s)
File Type: mq4 swb stealth_v1.01_R3.mq4   7 KB | 481 downloads
  • #59
  • Nov 22, 2010 11:05pm Nov 22, 2010 11:05pm
Quoting carolco
It seems SL in money does not work on R2 because GBP NZD made DD -10 USD on nanolots.. Or I have settings which affects the SL in money closure


Could you be so kind EC and provide for my testing purpose following version:

-SL for L1 (already coded)
-SL in money for rest of levels from L2 (Already coded but it seems it does not work)
-Range (same for all levels)
-Lot size for L1 (already coded)
-Lot size for L2 (already coded)
-multiplier (already coded)
-please add back the original RSI (i would like to see the differnece between Daily and original...
Hey, I'm trying to get this setup here, but for some reason I can't get tp_in-money to work on this version. I may just go ahead and release it anyway if I can't get it going in a little bit. Everything else seems to be working okay, at least on my live account.

Oh, if you want the range the same for all levels, just set range_1 and range_2 to the same value. Also (I'm not sure this applies), if you want all lot sizes to be the same, set start_lot_1 and start_lot_2 to the same value, and set lot multiplier to "1."
  • #60
  • Nov 23, 2010 1:02am Nov 23, 2010 1:02am
Quoting carolco
For example I would run it single GBPNZD with 50 USD PT on IBFX nano with SL in money 0.25. Its like you bet every 25 cents for 50 USD win.
Hey, if you get this setup and working please let us know. Although it appears, at least to me, you're going to have a break even issue, for there's too much price fluctuation that it kills the trades almost immediately or, that's how it looks when backtesting. This is why I set sl_in_money to $1.00, just to see if it made any difference, which it did. However, if it doesn't reach $1.00 and the price falls back, and doesn't come back and reach the target, there's nothing else there to close out the trade and potentially you're screwed.

Of course you did say something about putting in a timeout, and that may help but, you'll still wind up taking a loss.
0 traders viewing now