Sixths trading - an EA by macman, Bob and Steve mk 2 | Page 21 | Forex Factory

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Sixths trading - an EA by macman, Bob and Steve mk 2

  • #401
  • Dec 11, 2010 5:15pm Dec 11, 2010 5:15pm
Ehup Scoobs.

  • #402
  • Dec 11, 2010 5:15pm Dec 11, 2010 5:15pm
Quoting scooby-doo
The 168 figure was not an average but 168 x 1 hour bars = 7 day high/low. The markets (under normal conditions) will respect these areas if they are broken and retrace accordingly. However, there is no science around how far they will retrace.

What you could try....with another bot I am guessing is....

BUY
1. 7 day low is broken and 4 MA Monthly - 9 MA Montly is > 0

SELL
1. 7 day high is broken and 4 MA Monthly - 9 MA Monthly is < 0

The only thing that will normally break the above is a complete trend change which is normally very easy to spot...
Thanks Scoobs,
I tried to find your first post about this for clarification but was unable to

whip
  • #403
  • Dec 11, 2010 5:25pm Dec 11, 2010 5:25pm
Quoting hiredwhip
Thanks Scoobs,
I tried to find your first post about this for clarification but was unable to

whip
January is going to be make or break for the EUR pairings, so be careful trading these with any methodology/strategy.

Personally, i strongly believe that the EURO is a dead duck with a very rocky road ahead.

All eyes are going to be on what Germany does and its effect on the Eurozone in the months ahead.

Scoobs.
  • #404
  • Dec 11, 2010 6:40pm Dec 11, 2010 6:40pm
Quoting scooby-doo
January is going to be make or break for the EUR pairings, so be careful trading these with any methodology/strategy.

Personally, i strongly believe that the EURO is a dead duck with a very rocky road ahead.

All eyes are going to be on what Germany does and its effect on the Eurozone in the months ahead.

Scoobs.
The WSJ just had an article about how much the Germans were going to defend the euro. Usually that means SELL, right, i.e. do or do not. There is no "send propaganda to Rupert Murdoch".

For the 7 day high-low, do you mean that if you break the 7 day high upward by e.g. 10 pips then if it comes back you should sell at the 7 day high?

I thought it was more like, if it approaches (but doesn't quite touch) the 7 day high and then goes down, sell there, say at the 90th percentile between 7 day high and low.

For 7 day high/low do you include the current day or just previous days?
  • #405
  • Dec 11, 2010 6:52pm Dec 11, 2010 6:52pm
Quoting mbkennel
The WSJ just had an article about how much the Germans were going to defend the euro....
Germany will defend the EURO to a point. But that point is fast approaching the break level for them politically.

If the price touches or breaks a 7 day high/low (including current) then it will retrace back into the monthly trend or it will trend reverse completely.

Scoobs.
  • #406
  • Dec 11, 2010 6:52pm Dec 11, 2010 6:52pm
Hi Steve, Scoobs
Here is the post I was referring to when I talked about setting a hard 168 Barcount

http://www.forexfactory.com/showpost...&postcount=645
  • #407
  • Edited 5:54am Dec 12, 2010 4:59am | Edited 5:54am
Just to muddy the waters a little bit, here is a new toy for you guys to play with.

The attached looks at the high and low of the previous week's trading at the start of every H1 candle - doesn't matter what chart tf you use.

If the market gets within PipsFromHiLo of the high or low, the bot sends a pending buy and sell at PendingPipsDistance from the hi/lo.

At the start of each new H1 candle, the bot deletes outstanding pendings if a new hi-lo has been formed, but leaves open trades alone. Coders can easily amend this so that it closes open trades as well.

This is a rough-and-ready bot coded for people to experiment with. If it turns out to have legs, it can have the hidden pendings treatment we are giving TB. We shall see.

I am out for most of today, so backtesters have a play and do some optimisation to stops and see if the basic inputs can be improved dramatically.

Attached File(s)
File Type: mq4 Scoobs 7 day hi-lo auto trading robot by Steve Hopwood.mq4   48 KB | 329 downloads
  • #408
  • Dec 12, 2010 5:55am Dec 12, 2010 5:55am
I have added a new input, CandleTimeFrame, so that users can control when the bot closes outstanding pendings. Set this in minutes, so D1 is 1440 and W1 is 10080.

  • #409
  • Dec 12, 2010 6:21pm Dec 12, 2010 6:21pm
Quoting SteveHopwood
I just found the humungous bug that will stop the bot taking trades in visual backtests once it has closed MaxTradesAllowed trades. Coders, I forgot that trades selected by ticket can come from the history tab. Hey ho. Demo trading would probably have made this more obvious more quickly.

Sorry about the blizzard of updates, guys, but for me I am breaking new ground here. Bloops are inevitable.

Hi Steve, EA must be placing wrong "Virtual" pending orders since if you see the Pending watch EA is showing trades that I'm not even trading ??
Please correct me if I'm wrong
Attached Image (click to enlarge)
Click to Enlarge Name: trades.JPG Size: 59 KB
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #410
  • Dec 12, 2010 6:36pm Dec 12, 2010 6:36pm
Quoting matrixebiz
Hi Steve, EA must be placing wrong "Virtual" pending orders since if you see the Pending watch EA is showing trades that I'm not even trading ??
Please correct me if I'm wrong
Yes you are. If you weren't, the ea would not be showing the pendings.

  • #411
  • Edited 7:47pm Dec 12, 2010 7:36pm | Edited 7:47pm
Quoting SteveHopwood
Yes you are. If you weren't, the ea would not be showing the pendings.

Ok, since I'm not trading EUR/GBP or even AUD/USD with the EA, I wasn't sure where the EA would be reading this from, I must have some Global Variables on the platform that didn't get reset. Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #412
  • Dec 13, 2010 8:40am Dec 13, 2010 8:40am
Latest LEB may not be taking trades

Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 27 KB
  • #413
  • Dec 13, 2010 9:26am Dec 13, 2010 9:26am
Quoting jcs
Latest LEB may not be taking trades

Attachment
For sure, it is hard to see a reason for not taking that trade. leb has been happily chugging away on my demo today and has made a fair few pips. We shall just have to see what happens.

  • #414
  • Dec 13, 2010 9:32am Dec 13, 2010 9:32am
Quoting SteveHopwood
For sure, it is hard to see a reason for not taking that trade. leb has been happily chugging away on my demo today and has made a fair few pips. We shall just have to see what happens.

The PO level is 52 pips away from last entry, right on the borderline with the spread, could this be the reason ?
Though I would not have expected to see the PO displayed on the user inputs in that case ?
  • #415
  • Edited 12:05pm Dec 13, 2010 9:39am | Edited 12:05pm
Ok guys, some big changes here.

 

  1. Trading off the top and bottom lines, there are two entry methods: 'Normal' and 'Aggressive'. These can both be traded at the same time.

    1. Normal 'sends' an pending trade as usual. The inputs associated with this are:

      1. Normal: turns this trading on or off

        1. NormalPipsBuffer: the pips away from the outer lines that trigger the pending send, to ensure that it is not missed by the market not quite reaching the outer lines

    2. Aggressive: trades at a touch of the outer lines - sends a market order immediately. The inputs associated with this are:

      1. Aggressive: turns this trading on or off. This sends an immediate market order instead of waiting for retrace to trigger the trade

        1. AggressivePipsBuffer: works like NormalPipsBuffer but needs a different setting because it needs to meet more stringent requirements before sending a trade.

  2. gspe's method outlined in his post at http://www.forexfactory.com/showpost...&postcount=380

    1. TradeGspe turns this trading on/off
    2. At the moment, there is no take profit sent with the trade. leb has no trade closing mechanism for this trading, so we are relying on trailing/jumping stops to do the job for us. This can change as we watch the bot at work.

YOU MUST NOT USE THIS ON LIVE ACCOUNTS. There have to be bugs. There have to be places in the code where my tenuous hold on logic deserted me.

Should be fun to watch, though. Enjoy.

Attached File(s)
File Type: mq4 Latest Experimental Beast.mq4   87 KB | 255 downloads
File Type: mq4 The Beast Pending Trade Display EA.mq4   2 KB | 213 downloads
  • #416
  • Dec 13, 2010 10:00am Dec 13, 2010 10:00am
Quoting SteveHopwood
Ok guys, some big changes here...YOU MUST NOT USE THIS ON LIVE ACCOUNTS. There have to be bugs. There have to be places in the code where my tenuous hold on logic deserted me.

Should be fun to watch, though. Enjoy.


you sure have swift fingers, fit for a pianist. not yet getting grips with a recent change and bang!!! another one.

Thanks for all the efforts and many blessing to you and your dear ones.

pip on
  • #417
  • Dec 13, 2010 11:12am Dec 13, 2010 11:12am
Hi Steve,
Probably a dumb question.....Does the sixth's indi have to be on the screen with SQ's indi to run in Gspe Mode?

Have a great day....

whip
  • #418
  • Dec 13, 2010 11:15am Dec 13, 2010 11:15am
Quoting hiredwhip
Hi Steve,
Probably a dumb question.....Does the sixth's indi have to be on the screen with SQ's indi to run in Gspe Mode?

Have a great day....

whip
No. gspe was using sqs indi to show how trades would have been triggered previously. leb draws a single line at each level and this does not change however far back in time you go, so you could not trades back in the past.

  • #419
  • Dec 13, 2010 11:18am Dec 13, 2010 11:18am
Quoting SteveHopwood
No. gspe was using sqs indi to show how trades would have been triggered previously. leb draws a single line at each level and this does not change however far back in time you go, so you could not trades back in the past.

Thank you Sir.........Really interesting stuff....

whip
  • #420
  • Dec 13, 2010 11:18am Dec 13, 2010 11:18am
Quoting SteveHopwood
Ok guys, some big changes here.




Should be fun to watch, though. Enjoy.

Steve you absolute F*&^ing legend.

Quick question - i just ran a backtest and Gspe ON and OFF produce the same results. COuld this be a limitation of backtesting or is this an issue wih the code?
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