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Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

  • #941
  • Jan 15, 2011 7:55am Jan 15, 2011 7:55am
Quoting jcs
Scoob’s ON v Scoob’s OFF current results
Test commenced Tuesday 4th Januray 2011
FXDD ( Malta ) platforms 1:100 leverage

Scoobs ON Trading 0.1 lots
Opening Balance $ 3,000

w/e 14th January 2011
Balance $ 3,201
Floating $ flat
Equity $ 3,201
Margin Level % flat


Scoobs OFF [font=Arial]Trading...
Wow. The difference so far is huge. If you had been trading Scoobs off at 0.1 lots, the balance would be about $3,500 but the dd about $1,000 - over 30 percent.

Thanks again for doing this.

  • #942
  • Jan 15, 2011 7:59am Jan 15, 2011 7:59am
Quoting jcs
Steve

Have you seen sooby doo's post 934
Is this how the bot is currently coded ?
No. It is the one scoobs originally posted:
if(AccountMargin() > (AccountFreeMargin()/100))

As it appears to be working well for you, I suggest we leave it alone.

  • #943
  • Edited 9:31pm Jan 16, 2011 3:08am | Edited 9:31pm
Quoting SteveHopwood
Wow. The difference so far is huge. If you had been trading Scoobs off at 0.1 lots, the balance would be about $3,500 but the dd about $1,000 - over 30 percent.
True, if you remember this is how I started the test ( with Scoob off with 0.1 lots ) and almost immediately got a margin call .... EDIT so even worse

The lot balance between the 2 setups is not looking too bad as it now is

The two weeks so far have been reasonably quiet regarding no of trades taken, so it will be interesting to see how we go when market gets back to more normal trading after xmas break and if Scoobs off can withstand the drawdowns
  • #944
  • Jan 17, 2011 4:49am Jan 17, 2011 4:49am
I have been running various demos and backtests on this for sometime on different timeframes. Definately think that whip is onto something with the daily charts. Even if the trade goes into recovery it normally closes within a relatively short time. On one hour charts i noticed that one particular recovery took six months. Obviuosly that was without manual intervention but still shows that the shorter timeframe may not work very well.

Anyway, got my demo on daily charts running properly now for a couple of weeks using Alpari who are GMT +1. I have noticed that on Mondays the Fib hasn't redrawn to Friday's seesion and is still based upon Thursdays open and close. Every other day it redraws no problem. I have tried removing the EA, deleting the fib and then reloading EA and it still draws to Thursday. I have tried with the trade sunday setting both true and false.

Any thoughts guys?

Cheers

Paul
  • #945
  • Jan 17, 2011 4:59am Jan 17, 2011 4:59am
Quoting paulbt38
I have been running various demos and backtests on this for sometime on different timeframes....
I dragged the ea onto an Alpari D1 demo and the bot drew the fibs correctly. It has long worked perfectly on my always-on IBFX Australia demo.

There was a problem with fib re-drawing in early versions of the bot, but I am as sure as I can be that I solved it. Make sure you have the most up-to-date version from post 1 and see if that solves your problem.

  • #946
  • Jan 18, 2011 4:31am Jan 18, 2011 4:31am
Cheers Steve it was an old version. All working fine now.

Paul
  • #947
  • Jan 18, 2011 7:41pm Jan 18, 2011 7:41pm
After 4 months of running this bot without any intervention I have decided to post today the last statement.
In the mean time I would like to thank Steve for this great bot as below speaks by its own, well done.

Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB


Great stuff thank you again Steve.

Cheers
  • #948
  • Jan 19, 2011 3:23am Jan 19, 2011 3:23am
Fabulous Pipstrumpf. Great to see.

Guys, whilst brewing a coffee a few minutes ago I had an idea. At the mo, each trade targets the High/Low of the previous candle.

What about making the target appropriate to the volatility of each pair, using Bob's volatility table. We could leave the less volatile pairs targetting hi/lo, medium vol pairs targeting R1/S1 and high vol pairs targeting Buy/Sell.

Any thoughts on this? You have plenty of time to think about this. I am concentrating on Beastie for now and will not allow myself to be distracted from it, so nothing is going to happen immediately.

  • #949
  • Jan 19, 2011 3:25am Jan 19, 2011 3:25am
Quoting SteveHopwood
Fabulous Pipstrumpf. Great to see.

Guys, whilst brewing a coffee a few minutes ago I had an idea. At the mo, each trade targets the High/Low of the previous candle.

What about making the target appropriate to the volatility of each pair, using Bob's volatility table. We could leave the less volatile pairs targetting hi/lo, medium vol pairs targeting R1/S1 and high vol pairs targeting Buy/Sell.

Any thoughts on this? You have plenty of time to think about this. I am concentrating on Beastie for now and will not allow myself to be distracted...
hmm Steve,
dont wanna disturb,

but :

Never change a running system
Hero calls followed by margin calls...
  • #950
  • Jan 19, 2011 6:23am Jan 19, 2011 6:23am
Quoting Pipstrumpf
After 4 months of running this bot without any intervention I have decided to post today the last statement.
In the mean time I would like to thank Steve for this great bot as below speaks by its own, well done.

Attachment

Great stuff thank you again Steve.

Cheers
Hi Pipstrumpf,
Congratz.......As has been the case a great looking graph......good traders will always do well when matched with well written software......I hope (I'm sure) you made a little money as you were testing.....
Again......Well Done and don't stop here......

whip
  • #951
  • Jan 19, 2011 12:27pm Jan 19, 2011 12:27pm
Steve that sounds like a cool idea, we all know pairs react differently at different levels, I think this is something to look at definetly.


Guys I have a problem today, my EA has been working fine apart from today, I have a row of errors

level rejection order send failed with error (130) invalid stops

It says it on a lot of my pairs.

I am using alpari (US) on a demo account of 100000

Any ideas would be great

Thanks
  • #952
  • Jan 19, 2011 7:59pm Jan 19, 2011 7:59pm
Quoting ichidakiller
Steve that sounds like a cool idea, we all know pairs react differently at different levels, I think this is something to look at definetly.


Guys I have a problem today, my EA has been working fine apart from today, I have a row of errors

level rejection order send failed with error (130) invalid stops

It says it on a lot of my pairs.

I am using alpari (US) on a demo account of 100000

Any ideas would be great

Thanks
I get those errors all the time. I believe it occurs when a pending order has been send but the market price was to close to it. Open an order window manually and have a look what your broker has set as a minimum pip difference from market price to open price (pending order only). For example my broker requires 5 pips difference between the two.

Cheers
  • #953
  • Jan 20, 2011 12:37am Jan 20, 2011 12:37am
Ok thanks pip, makes sense...the EA traded again today so it aint broke thank god!

Ill have a look and change a few things

Thanks
  • #954
  • Jan 20, 2011 1:18am Jan 20, 2011 1:18am
I've only just started with this bot ( Monday ) but not getting any action.

I've got ion 15 pairs but on the Daily chart as recommended in post 1. I've read nearly all the thread and it seems 15 mins is being used by some of you.

Can anyone share what T/F and pairs they are having some success on please, I'd like to see some action to help understand what's meant to be happening.

Thanks in advance.
  • #955
  • Edited 7:53am Jan 20, 2011 7:11am | Edited 7:53am
Just had an unnexpected event .... a trade closing with a stop loss

I thought the ea does not place any SL
Is that correct ?

Made a mess of my test


EDIT .....
Just looked in journal / acoount history and it has definately set a sl with all AUDUSD pending orders, but only on this pair
So it must be a glitch at my end with the ea on this pair. Have removed it and reloaded
  • #956
  • Jan 20, 2011 1:42pm Jan 20, 2011 1:42pm
Hey Traders

I am running this bot with some great results...so thanks a lot Steve much appreciated.

I have another question though

could some explain the tradelevels settings

I currently have T1 set at true and the rest to false.

Am I correct in thinking they are the TP levels? and if so which is best to aim for.

Thanks again guys
  • #957
  • Jan 21, 2011 12:51am Jan 21, 2011 12:51am
Quoting Pipstrumpf
I get those errors all the time. I believe it occurs when a pending order has been send but the market price was to close to it. Open an order window manually and have a look what your broker has set as a minimum pip difference from market price to open price (pending order only). For example my broker requires 5 pips difference between the two.

Cheers
If I change my pending pips difference on the EA will this fix it?
  • #958
  • Jan 21, 2011 5:31am Jan 21, 2011 5:31am
Quoting ichidakiller
Steve that sounds like a cool idea, we all know pairs react differently at different levels, I think this is something to look at definetly.


Guys I have a problem today, my EA has been working fine apart from today, I have a row of errors

level rejection order send failed with error (130) invalid stops

It says it on a lot of my pairs.

I am using alpari (US) on a demo account of 100000

Any ideas would be great

Thanks
This prompted me to add a small section to post 1 - Invalid stop errors in your Expert's tab. Have a quick read for an explanation.

  • #959
  • Jan 21, 2011 5:32am Jan 21, 2011 5:32am
Guys, some of you are asking questions that are addressed in post 1. This is why I am ignoring them.

Do not expect to understand how ftlr works unless you read post 1 properly.

  • #960
  • Jan 22, 2011 4:08am Jan 22, 2011 4:08am
Quoting SteveHopwood
This prompted me to add a small section to post 1 - Invalid stop errors in your Expert's tab. Have a quick read for an explanation.

Brilliant thanks Steve, Ill take a look
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