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NanningBob V1 Trend auto trading robot by Steve Hopwood

  • #61
  • Jan 6, 2011 12:22pm Jan 6, 2011 12:22pm
Quoting SteveHopwood
Any particular requests?
In my opinion every hour is enough. If you trade this one manually you also look at the lines every hour or so. It is a more a long term strategy.....
IMHO it isn't a big deal if the upper/lower line and thus the TP is 1.32076 or 1.32089 (and NO, I'm not extremely friendly to those crims)
Or to hide the EA/activities random it between 40 and 60 minutes, although I guess that will be a crime to code.....

Edit: MvP; Manually versus Programming ??
  • #62
  • Jan 6, 2011 12:48pm Jan 6, 2011 12:48pm
i'm gonna take a wild guess and state that back testing is not very accurate with these bots. I have forward tested the beast over the past month - its been profitable. Backtesting shows little losses!

I feel the same with this. Backtesting is not the best with default settings. I think this will be a killer on forward testing - back testing is just to see if the strategy works.

Dont know why I have just taught my granny to suck eggs there...
  • #63
  • Jan 6, 2011 1:01pm Jan 6, 2011 1:01pm
hi everyone can someone kind to help me.i have vantagefx broker 5digit . what setting do i put on criminal ecn = true or false thanks?
  • #64
  • Jan 6, 2011 1:17pm Jan 6, 2011 1:17pm
Quoting censura
i used the following hoping this would work do you think it will do the job -

stop = NormalizeDouble(stop/2 - (PipsAddToStopLoss * Point), Digits);

to get half distance for stop value
Sorry. I implied that it would but not so.

To take a buy as an example, GetLow() returns the most recent swing low as a price, so you need:
stop = NormalizeDouble(Ask - ((Ask - stop) / 2) - (PipsAddToStopLoss * Point), Digits);

For a short, it would be:
stop = NormalizeDouble(Bid + ((stop - bid) / 2) + (PipsAddToStopLoss * Point), Digits);

I have not tested out this code, so try it and see. It probably does not need so many brackets, but I am hazy about mathematical precedence and so bracket things when in doubt.

Also, I changed my mind about implementing this as an option immediately. I plan waiting to see what happens with the stop loss in Bob's thread.

  • #65
  • Jan 6, 2011 1:19pm Jan 6, 2011 1:19pm
Quoting JulesvH
In my opinion every hour is enough. If you trade this one manually you also look at the lines every hour or so. It is a more a long term strategy.....
Makes sense. Cheers.

I have already amended the code but it is only a small thing, so I will wait to see if anything else comes up before uploading the latest.

  • #66
  • Jan 6, 2011 3:56pm Jan 6, 2011 3:56pm
I have updated post 1 with the version that only adjusts the take profit when TMA moves, once an hour.

  • #67
  • Jan 6, 2011 4:15pm Jan 6, 2011 4:15pm
Hi, when I told Bob that I was using a 10 pip SL above/below Hi/Lo, he said that 30 would be better not to get stopped out too often, although that does lower my R/R if I shoot for the TMA exit. It would be nice to have a smaller SL like the halfway point mentioned earlier. And even though he states taking the profit at the opposite TMA, he seems to prefer his Close Order EA which closes with a cross of price over a 3MA, which allows greater profit on a runner but can't be activated too soon after entry. I guess you could code something like that, you know, wait for so long or price before activating. Also be nice to have a higher profit.

Steve, do you turn off your EA(s) on days like FOMC and NFP?
  • #68
  • Jan 6, 2011 5:40pm Jan 6, 2011 5:40pm
Quoting ericjschroed
Hi, when I told Bob that I was using a 10 pip SL above/below Hi/Lo, he said that 30 would be better not to get stopped out too often, although that does lower my R/R if I shoot for the TMA exit.
I know many will disagree, but I am not so sure that R:R is such a vitally important thingy. A stop of 10 and a tp of 1000 gives a magnificent ratio, but is not realistic. All that matters is that the balance and equity keep on rising.

Quote
It would be nice to have a smaller SL like the halfway point mentioned earlier. And even though he states taking the profit at the opposite TMA, he seems to prefer his Close Order EA which closes with a cross of price over a 3MA, which allows greater profit on a runner but can't be activated too soon after entry. I guess you could code something like that, you know, wait for so long or price before activating. Also be nice to have a higher profit.
I will look into this. To be honest, I took no notice of the Close Order EA so I do not know how it works. I am sure the functionality can be added here.

Quote
Steve, do you turn off your EA(s) on days like FOMC and NFP?
No. I cannot remember the last time a 'major' news release caused the kind of spike it was causing when I first started trading over 3 years ago. One of those market conditions changes, perhaps?

  • #69
  • Jan 6, 2011 6:54pm Jan 6, 2011 6:54pm
When I have more time I will do a few more backtests, but here is the first one for EUR/USD for 2010. I can send the whole report if anyone is interested.
Attached Image (click to enlarge)
Click to Enlarge Name: Trend 1 2010 EUR_USD.gif Size: 9 KB
  • #70
  • Jan 6, 2011 7:05pm Jan 6, 2011 7:05pm
There is a big improvement if you limit the trading hours. I did the past year only allowing trades starting from the Frankfurt session through 1:00PM (EST, or GMT-5) of the US session.
Attached Image (click to enlarge)
Click to Enlarge Name: Trend 1 EUR_USD Euro_US Sessions.jpg Size: 29 KB
  • #71
  • Jan 7, 2011 12:10am Jan 7, 2011 12:10am
Quoting SteveHopwood

I will look into this. To be honest, I took no notice of the Close Order EA so I do not know how it works. I am sure the functionality can be added here.
Thanks but check with Bob first to see if I got it right.

I like the idea of restricting the trading hours if that proves profitable, especially since I'm asleep during the most active hours and awake during the slowest. As long as I am comfortable with the SL, I can sleep in peace.
  • #72
  • Jan 7, 2011 3:33am Jan 7, 2011 3:33am
Quoting Dewey McG
There is a big improvement if you limit the trading hours. I did the past year only allowing trades starting from the Frankfurt session through 1:00PM (EST, or GMT-5) of the US session.
In case any of you missed it, this post is relevant here: http://www.forexfactory.com/showpost...&postcount=386

  • #73
  • Jan 7, 2011 3:38am Jan 7, 2011 3:38am
Quoting ericjschroed
Thanks but check with Bob first to see if I got it right.

I like the idea of restricting the trading hours if that proves profitable, especially since I'm asleep during the most active hours and awake during the slowest. As long as I am comfortable with the SL, I can sleep in peace.
I am going to watch his posted live trades for a while. Once we have a clear direction, I will code it into the bot.

So, for now everyone simply make sure you have the latest version and leave it running on your demos for now. I do not intend making changes at the moment.

  • #74
  • Jan 7, 2011 3:45am Jan 7, 2011 3:45am
Quoting SteveHopwood
I know many will disagree, but I am not so sure that R:R is such a vitally important thingy. A stop of 10 and a tp of 1000 gives a magnificent ratio, but is not realistic.
yes, i'm the first one who disagree. think about it. if your goal will be a 1000 pip move with a Stop of 10 Pips you are allowed to have 99 failures to reach this goal at BE with the last attempt. within these 100 attempts i think the probability is high to succeed. it is only a psychology thingy.

if you exclude the psychology in trading i claim, that the quality of entries equals the quality of exits to be profitable and be effective. someone who's not made good entries will not have the abillity to manage the trades good/bad.

the entries are emotional done easier than to manage or exit a trade. i believe in multitimeframe trading.
with bobs method you have the weekly and the 1h bias for entrie decision. if you now take a lower TF for the stops then you are in good positions.
how could this be done:

if you take as signal the breakout of the TMA boundaries then switch to a lower TF and compare the Highs and Lows for triggering. then take only the trade if the price breakout a 1-2-3 pattern. maybe you have more stops but on the long run you will gain more profits.
imagine you get a short signal in EURUSD 02.09.2009 @1.5100 and cut your order 08.06.2010. you would gain 3225 pips or R:R of 1:322. is this worth to take about 10-50 attempts with a stop of 10 pips?
...
  • #75
  • Jan 7, 2011 5:11am Jan 7, 2011 5:11am
On my demo, the bot has gone into waiting-for-a-trigger mode in all the pairs that Bob has listed in his most recent posts, except for the audnzd.

This one the ea has missed; since Bob posted his pic, the market has risen sharply. It could be that we need a wider TouchBufferPips setting than the default of 10. We shall see.

  • #76
  • Jan 7, 2011 5:30am Jan 7, 2011 5:30am
Quoting SteveHopwood
On my demo, the bot has gone into waiting-for-a-trigger mode in all the pairs that Bob has listed in his most recent posts, except for the audnzd.

This one the ea has missed; since Bob posted his pic, the market has risen sharply. It could be that we need a wider TouchBufferPips setting than the default of 10. We shall see.

Unless I'm mistaken, the bot is looking for short trades on audnzd (trend is down) so price would need to be near or above the upper tma band before it looked for a short trade.

Murray
  • #77
  • Jan 7, 2011 6:02am Jan 7, 2011 6:02am
Quoting muzza
Unless I'm mistaken, the bot is looking for short trades on audnzd (trend is down) so price would need to be near or above the upper tma band before it looked for a short trade.

Murray
Hehe. I am always getting this wrong. I think I am genetically programmed to trade the opposite direction of a touch of an extreme. That's why I need a robot to do the trading for me.
  • #78
  • Jan 7, 2011 6:11am Jan 7, 2011 6:11am
Hi Steve,
Just dragged NB's sell EA onto a CHFJPY chart and looked over at the Robot and it was also set up on the same trade.....We'll see how this goes....

whip
  • #79
  • Jan 7, 2011 6:28am Jan 7, 2011 6:28am
Quoting SteveHopwood
Hehe. I am always getting this wrong. I think I am genetically programmed to trade the opposite direction of a touch of an extreme. That's why I need a robot to do the trading for me.
How can one man speak for a million ... you prove it

Cheers, a (mostly secret) admirer

xxl205
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #80
  • Jan 7, 2011 7:19am Jan 7, 2011 7:19am
Hi guys,

I'm just looking at my USDCAD chart and can't see a reason why the bot didn't get me into this trade at around 0.9971. I have the latest version. All I can think of is that I closed the platform and restarted it after loading the new bot and price was no longer within 10 pips of the upper TMA line therefore it wasnt looking for a trade? Does this sound like what would have happened, and if so does that means that platform restarts are to be avoided in order to not miss trades like this? Let me know if I'm mistaken.

Cheers,

Murray
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