Beastie: a Nanningbob trend and counter-trend auto-trader by Steve Hopwood | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Are you a trend trader or a counter-trend trader? 29 replies

Nanningbob 60x90 EA 3,920 replies

Help regarding NanningBob EA 27 replies

Nanningbob 4H trading system 2,017 replies

Help to improve profitable EA - 1H NanningBob 40MA 200 BB 10 replies

Attachments: Beastie: a Nanningbob trend and counter-trend auto-trader by Steve Hopwood
Exit Attachments

Beastie: a Nanningbob trend and counter-trend auto-trader by Steve Hopwood

  • #61
  • Jan 22, 2011 7:15pm Jan 22, 2011 7:15pm
Quoting SteveHopwood
The crims commonly increase their spreads at weekend; therefore weekend backtests will be a lot less profitable than those run whilst the markets are open.

This is worth bearing in mind amongst those of you who will play out with ST this weekend.

ST spread can be tweaked with this script coded by sangmane: http://www.forexfactory.com/showpost...14&postcount=7.
:-anything
  • #62
  • Jan 22, 2011 8:04pm Jan 22, 2011 8:04pm
I think the idea to run two live accounts might actually work, especially for us in the U.S. I am not a coder yet, since I just started to go over books on how to code so hopefully soon I will be able to start tweaking this system. But changing it to only trade one at a time might work.
  • #63
  • Jan 22, 2011 9:38pm Jan 22, 2011 9:38pm
Quoting SteveHopwood
Sorry guys, but assuming that FIFO means First In First Out then there are indeed implications for US citizens trading this robot.

As I understand it, US citizens with US-based accounts will have to choose which Beastie strategy to trade; you cannot trade them both simultaneously. FIFO even has implications for the CT strategy - you have to limit your CT trades.

Maybe whip can shed some light on the way forward for those of you in the US? I cannot, and will have nothing further to add to my comments in the future.

About a year ago I got this note from the FXDD support line. I had asked them about hedging.

Meta Trader being the front end of your trading, does allow you to place offsetting positions. You will be able to place a buy and sell position on your meta trader platform at the same time. FXDD's backoffice does not recognize hedging. It is a position based system an all opposing orders are offset immediately. You can still trade as you have done in the past, since the placement of offsetting positions is allowable on the front end, and should NOT affect your EA.


So, it may be doable.

Murph.
  • #64
  • Jan 22, 2011 10:19pm Jan 22, 2011 10:19pm
Quoting MurphyMan
About a year ago I got this note from the FXDD support line....
It is definitely doable with FXDD. I traded The original with recovery activated. Now your nightly statement is going to look a little strange until all of your positions are closed, it is a little messy but everything adds up in the end.
  • #65
  • Jan 23, 2011 1:00am Jan 23, 2011 1:00am
Don't forget however, that you'll be trading against that broker and not the market, unless they are an ECN.

Also, with 200-1 leverage you'll be leveraging your losses as well as your profits and unless you trade very small indeed you're likely to be trading with far too much risk. That risk will eventually kill you.

Think very carefully before you take something like that on and if possible use a broker that is an ECN so your trades go into the market rather than just to the broker.

Remember with MT4 you're trading against the broker and you have to ask yourself why they would do that unless they were longer term winners and not you ?

FF forum users should by now be educated enough to realise this.
He was looking for the card so high and wild hed never need to deal another
  • #66
  • Jan 23, 2011 1:52am Jan 23, 2011 1:52am
dr who i think theres a misconception of this whole ecn issue and i may be wrong but originally the made market comsisted of amarket where you trade against other ppl in that market ie retailers and some mid sized players. ecn brokers claim to not trade against you well then by definition wouldnt you be trading interbank? last i checkdd you needed 500k to do this. ecn lets brokers use banks as players in the made market and require you to hedge the pos before sending to the bank so i dont get how they can say we dont take oposite sides. Oanda is a traditional mm from what i know you are trading other ppl and they dpnt need to hedge these mt4 bucketshops work with banks to steal since they you can trade with $500 and not $500k.Maybe you have done your hw and you can enlighten us with a "good" broker that claims to be ecn and never opposes you
  • #67
  • Jan 23, 2011 8:23am Jan 23, 2011 8:23am
I have added alert and email features to Beastie, so users can use it to generate signals from which to decide whether or not to accept the trade.

I have made the hidden stop loss line adjust itself in response to the jumping/trailing stop (TT only). You need to enable the hidden routines; this is the default.

I have updated the User Guide with details about the alert features and a couple of other minor thingies.

Soon, I will add a hidden take profit line; not today, as this is more complicated than it sounds.

There will be no more changes today, so you are good to go if you want to download the newest version well in advance of market opening later on.

  • #68
  • Edited 1:31pm Jan 23, 2011 9:18am | Edited 1:31pm
Quoting SteveHopwood
I have added alert and email features to Beastie, so users can use it to generate signals from which to decide whether or not to accept the trade.

I have made the hidden stop loss line adjust itself in response to the jumping/trailing stop (TT only). You need to enable the hidden routines; this is the default.

I have updated the User Guide with details about the alert features and a couple of other minor thingies.

Soon, I will add a hidden take profit line; not today, as this is more complicated than it sounds.

There will be no more changes...
Hi Steve,
I just set up MT4's email on my old laptop that doesn't have the server on it and it works......

Open your platform > Tools > Options > E-Mail and check the "enable box"...Look if line 1 has smtp.(email provider) :25 in it and your e-mail address is in the bottom 2 lines (if it isn't the one you want to use change it).

Hit the test button and then click OK

Check your e-mail

EDIT= I just found out that you need the most updated version of MT4

Good Luck ......whip

P.S. Using Option #2 in Peter's tutorial makes it super fast though....
  • #69
  • Jan 23, 2011 10:47am Jan 23, 2011 10:47am
Quoting hiredwhip
Hi Steve,
I just set up MT4's email on my old laptop that doesn't have the server on it and it works......

Open your platform > Tools > Options > E-Mail and check the "enable box"...Look if line 1 has smpt.(email provider) :25 in it and your e-mail address is in the bottom 2 lines (if it isn't the one you want to use change it).

Hit the test button and then click OK

Check your e-mail

EDIT= I just found out that you need the most updated version of MT4

Good Luck ......whip

P.S. Using Option #2 in Peter's tutorial makes it super fast though....
For anyone who has their MT4 properly set up to send email alerts, attached is an indicator I wrote which will give advance warning of a possible margin call.

Useful if you run lots of EA's

Enjoy ....
Attached File(s)
File Type: mq4 Margin call email alert.mq4   3 KB | 347 downloads
  • #70
  • Jan 23, 2011 11:04am Jan 23, 2011 11:04am
Quoting macman
For anyone who has their MT4 properly set up to send email alerts, attached is an indicator I wrote which will give advance warning of a possible margin call.

Useful if you run lots of EA's

Enjoy ....
Thanks for this Macman....I'll give it a go....

whip
  • #71
  • Jan 23, 2011 5:14pm Jan 23, 2011 5:14pm
Quoting hiredwhip
Hi Steve,
I just set up MT4's email on my old laptop that doesn't have the server on it and it works......

Open your platform > Tools > Options > E-Mail and check the "enable box"...Look if line 1 has smtp.(email provider) :25 in it and your e-mail address is in the bottom 2 lines (if it isn't the one you want to use change it).

Hit the test button and then click OK

Check your e-mail

EDIT= I just found out that you need the most updated version of MT4

Good Luck ......whip

P.S. Using Option #2 in Peter's tutorial makes it super fast though....
Cheers whip. This worked for me.

I have added a link to this post to the user guide.

  • #72
  • Jan 23, 2011 5:20pm Jan 23, 2011 5:20pm
Quoting macman
For anyone who has their MT4 properly set up to send email alerts, attached is an indicator I wrote which will give advance warning of a possible margin call.

Useful if you run lots of EA's
Which you shouldn't. You really, really shouldn't.

So, you choose to risk no more than 1% of the account per trade. No probs.

Then trade 5 EA's. Ummmmmmmmmmmmmm

Each of which send multiple trades each risking 1%. Eeeeeeeeeekkkkkkkkk

Imagine 5 lots of L4 Recovery trades, all in operation at once.

Ouch. That is putting it mildly.

Just don't do it, ok?

I promise you this; you will never do this twice.

Guess how I know?

  • #73
  • Jan 23, 2011 5:24pm Jan 23, 2011 5:24pm
Something for the coders that I forgot to mention earlier.

The latest version has a code snippet at the end of the Functions list the Scoobs sent to me yesterday - a method of automating the CT BarCount based on ATR.

I have this on the back burner for now. If any of you fancy playing with this, please report your conclusions here.

  • #74
  • Jan 23, 2011 5:40pm Jan 23, 2011 5:40pm
Hi Steve,

Seems that beastie is not taking countertrend trades this morning. GBPAUD should have just taken one if i'm not mistaken, and also CHFJPY and EURGBP earlier. I have CTstoptrading set to false even though your user guide says put it to false to NOT trade countertrend, as this didnt make much sense to me, and when I had it true the bot said counter trend trading suspended so i changed it back to false. Probably just a typo in the user guide but then why is the bot not trading I wonder. Global variables are there and the bot is seeing the virtual sell stops but not trading them.

Regards,

Murray.
  • #75
  • Jan 23, 2011 5:55pm Jan 23, 2011 5:55pm
Off to a good start Steve......I'll keep throwing this link on the page...

whip


http://www.myfxbook.com/widgets/79143/small.jpg
  • #76
  • Jan 23, 2011 6:01pm Jan 23, 2011 6:01pm
Quoting muzza
Hi Steve,

Seems that beastie is not taking countertrend trades this morning....
Thanks. You have highlighted a redundant variable; at the mo, there are two variables that allow the user to stop CT trading. This is what happens when an amateur coder amalgamates two different trading systems; he leaves some redundancies in place. On a good day.

You have also highlighted a typo in the user guide. My guess is that everyone know what I mean, but I will correct it at the next upload.

As to the rest of your post, I can see no reason why Beastie should have triggered CT trades.



  • #77
  • Jan 23, 2011 6:09pm Jan 23, 2011 6:09pm
Quoting hiredwhip
Off to a good start Steve......I'll keep throwing this link on the page...

whip


http://www.myfxbook.com/widgets/79143/small.jpg
Cheers whip.

  • #78
  • Jan 23, 2011 6:28pm Jan 23, 2011 6:28pm
Quoting SteveHopwood
Thanks. You have highlighted a redundant variable; at the mo, there are two variables that allow the user to stop CT trading. This is what happens when an amateur coder amalgamates two different trading systems; he leaves some redundancies in place. On a good day.

You have also highlighted a typo in the user guide. My guess is that everyone know what I mean, but I will correct it at the next upload.

As to the rest of your post, I can see no reason why Beastie should have triggered CT trades.



Thanks Steve,

I think I had some old global variables still present, have now deleted them and reloaded beastie and now no ct trades are pending.

Murray
  • #79
  • Jan 24, 2011 4:25am Jan 24, 2011 4:25am
Trend trading:

I have added a hidden take profit line to Beastie and updated the user guide. The hidden tp completes the stealth technology, until we think of something else to add.

By a happy coincidence, Morgan emailed me with an excellent description of how to set up mt4's email facility whilst I was doing all this, so I was able to include this in the user guide.

To work on the hidden tp, I used the scripts to send manual trades. These highlighted some inconsistencies in how Beastie would calculate these line values when there is an open trade that lacks a tp or sl.

Whilst sorting that out, I found a bug that had snuck in through the cat flap. Somehow, I had managed to change the code in the hidden sl closure code that would cause an error were it to be triggered.

All of this makes a re-download essential.

Also, when I looked at the demo this morning, some of the trends had changed direction following a recross of the 240MA by the TMA, so I have added closure code to deal with this. All the closure code is found in bool LookForTrendTradeClosure(), so coders can easily play around with all this to suit themselves.

I am not quite ready to put the counter-trend bit of Beastie on my live account. Twice, it has taken out two audchf ct trades at the same time and I cannot work out how this happened - there is a mass of safety code that follows the trade-send. It has only happened with this pair, so I cannot tell whether this is pure coincidence, or whether Beastie has a particular fondness for audchf. I want to watch the bot at work for a couple of weeks first.

Apart from my reservation in that last para, the technical side of Beastie is working well. Our next step is to find ways of enhancing the trend-trading.

  • #80
  • Edited 6:03am Jan 24, 2011 4:58am | Edited 6:03am
Quoting SteveHopwood
Which you shouldn't. You really, really shouldn't.

So, you choose to risk no more than 1% of the account per trade. No probs.

Then trade 5 EA's. Ummmmmmmmmmmmmm

Each of which send multiple trades each risking 1%. Eeeeeeeeeekkkkkkkkk

Imagine 5 lots of L4 Recovery trades, all in operation at once.

Ouch. That is putting it mildly.

Just don't do it, ok?

I promise you this; you will never do this twice.

Guess how I know?

My bad, as I should have added some detail in my original post on how to use the alerts - http://www.forexfactory.com/showpost...3&postcount=70

Firstly each EA you run must have it's own account. It is pointless trying to run more than one EA on the same account.

That said, anyone who does a lot of this will end up with a lot of EA's running on different accounts & different machines. I personally have two different VPS's & three machines in my local network. At any one time I will be running at least ten EA's on three different brokers, some live, some forward testing and some collecting data.

The email alert is a way of keeping in touch with changes going on. For example, lets say you have an EA running 20 pairs and it is currently ticking along at say 500% Margin Level. You can set the alert to maybe 250%, now if the market goes against your open positions & the EA decides to open more trades your Margin Level will drop and you get an email warning.

Forget 'set & forget' it is just not going to happen. You will have to manually intervene with ALL EA's sooner or later - it is up to you as trader to decided when & how and the alert can give advance warnings.

Hope this makes things a little clearer.

Enjoy
0 traders viewing now