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Attachments: Going Home - a multi-pair auto-trader for Dreamliner's strategy, by Steve Hopwood
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Going Home - a multi-pair auto-trader for Dreamliner's strategy, by Steve Hopwood

  • #221
  • Feb 8, 2011 10:06am Feb 8, 2011 10:06am
1. right now i am in a big big DD. When i analyze the trades, ALL of them are quards. and all of them have EURCHF and its going up, we want it to go down.

Lesson :

Always trade triplets even though we get fewer signals.

Dont take same symbol trades simulateneously. like EURCHF coming up in 4 trades out of 5. we can code in EA, but it gets complicated, user has to manually watch and close

2. good entry is half battle won. so higher the sto diff the better for you. i recommned 95+. again lesser signals the better.

3. M5 is good. quick entry, exit. M15 onwards DD goes up and if entry is bad (like 80) then you will lose the trade. For now i am comfortable with M5.

4. For any reason if trade is in some DD, close the trade manually at BE. dont wait for EA to do it.

5. Some times it works well if you add another lot at sto 98. again do it manually, be aware of the risk
  • #222
  • Feb 8, 2011 10:29am Feb 8, 2011 10:29am
Hi steve,

I agree with Roundrock comments. I dunno if it is possible to run the EA in two or three charts with diff magic numbers so that only triplets are traded. Since morning the closed trades profit went up to 576 pips and the DD is 190 pips. All open trades are quad.
Intraday only.
  • #223
  • Feb 8, 2011 10:34am Feb 8, 2011 10:34am
Quoting navk
Hi steve,

I dunno if it is possible to run the EA in two or three charts with diff magic numbers so that only triplets are traded.
Words fail me.
  • #224
  • Feb 8, 2011 11:01am Feb 8, 2011 11:01am
Quoting navk
Hi steve,

I agree with Roundrock comments. I dunno if it is possible to run the EA in two or three charts with diff magic numbers so that only triplets are traded. Since morning the closed trades profit went up to 576 pips and the DD is 190 pips. All open trades are quad.
navk, no need to open charts. just load GH on any chart and set UseScottHedgeFilter to true and SendPairTrade to true
  • #225
  • Edited 11:49am Feb 8, 2011 11:16am | Edited 11:49am
Quoting SteveHopwood
Words fail me.
sweet

Thanks for the fix for the pips and profit
No i will be rich rich rich
  • #226
  • Feb 8, 2011 2:15pm Feb 8, 2011 2:15pm
Quoting roundrock
1. right now i am in a big big DD. When i analyze the trades, ALL of them are quards. and all of them have EURCHF and its going up, we want it to go down.
Ditto, working on my recovery skills
  • #227
  • Feb 8, 2011 2:20pm Feb 8, 2011 2:20pm
Quoting SteveHopwood
Words fail me.
Cant you just (copy and ) rename the EA and run it on different symbols with different parameters? Or what the heck don't rename it. If it is running different symbols (on different charts) they shouldn't bother each other.
  • #228
  • Feb 9, 2011 4:10am Feb 9, 2011 4:10am
Hello everyone,

First of all, I want to thank Steve for including me in his great family.

Well, yesterday I took 6 baskets with a total loss of 167 pips (yes, thanks to EURCHF move), with entry at 90%, exit at 10%. For now, I think R:R is extremely bad, that´s why maybe a filter is needed.

Sure, if we enter at 95%, 96%, 98% we could reduce some bad trades but a lot of winners too and the use of Stochastics has its advantages and disadvantages. I think we can´t require Stochastics to do more than what they are designed to.

Maybe the Trend Filter option can help us. I don´t know how many of you are using it but with this filter, instead of -167 pips, my result would be +103 pips yesterday. Yes, only one day but extremely different , I think it worth a try.

The strategy will change with that. Since we trade positive correlated pairs, usually only one trade will be opened, no more hedged basket, in fact, no more basket, only one trade (less spread too) and this pair will be opened only in 2 situations:

1.- Overbought, in downtrend and away from a positive correlated pair: we sell.

or

2.- Oversold, in uptrend and away from a positive correlated pair: we buy.


I think the edge is greater now. Anyway, I´m going to test this. In order to have more trades earlier, entry at 80%, exit at 20%, Trend Filter and No Scott Filter.

Will post results......
  • #229
  • Feb 9, 2011 12:17pm Feb 9, 2011 12:17pm
Hi steve,
The EA seem to be having some probs.
I set true for hedged pairs. It was not taking any trades. When i set false, it was taking one trade but not opposite pair. Pl check, Thanks.
Intraday only.
  • #230
  • Feb 9, 2011 12:43pm Feb 9, 2011 12:43pm
Quoting navk
Hi steve,
The EA seem to be having some probs.
I set true for hedged pairs. It was not taking any trades. When i set false, it was taking one trade but not opposite pair. Pl check, Thanks.
You cannot expect it to take hedged trades if you disable them; that makes no sense. Mine is taking hedge trades ok; you are doing something wrong.

When taking hedge trades, any of the filters that cancel one of the trades should cancel them both.

  • #231
  • Edited 7:23pm Feb 9, 2011 12:50pm | Edited 7:23pm
Navk,

you once ask Steve about putting EA on three charts with 3 different magic numbers, so far the past hour I've been testing that idea - and the results looks good. Look at my mt4i portfolio below.

magic #:
7285783 - stoch is 93
8285783 - stoch is 96
9285783 - stoch is 99

all setting is default except:
*lot=.5
*UseScottHedgeFilter=false
*CloseAtCombinedCashProfit=true
*CombinedCashProfit=30

So far the EA been working as expected, bring down OpenTradeStoch to 50 or some lower number - to get a better view of how "hedged pairs" are open when option are enable.
  • #232
  • Feb 9, 2011 4:58pm Feb 9, 2011 4:58pm
One of my demos is trading with the hedge allowed as part of a triple, enfoced by Scott's hedge filter.

Even so, I found only the sell trade sent earlier, on one occasion.

I have looked at the code and it appears to need an extra spread check to make sure that the sell is not sent when the buy is to be disallowed.

Update in post 1.

  • #233
  • Feb 10, 2011 5:59am Feb 10, 2011 5:59am
At one stage yesterday, I had two EU trades open as part of two groups of correlated pairs. Earlier in the week, trading unfiltered quads, I recall seeing one pair with 4 open trades.

The risk inherent is this is obvious, so I have added a new input. From page 1:

 

  1. AllowDuplicateTrades: the same pair often occurs in a number of different correlation diffs that trigger trades, causing duplicate trades to expose us to a much higher risk on the duplicate pairs than we would take if only sending a single trade. Leaving this at the default of'false' will prevent this. Triples and quads will not be sent.

For 'will' read 'should' in case I have mis-coded anything. I shouldn't, because the code is simple, but this is me we are talking about so keep your wits about you.

  • #234
  • Feb 10, 2011 6:04am Feb 10, 2011 6:04am
Quoting SteveHopwood
At one stage yesterday, I had two EU trades open as part of two groups of correlated pairs. Earlier in the week, trading unfiltered quads, I recall seeing one pair with 4 open trades.

The risk inherent is this is obvious, so I have added a new input. From page 1:

[list][*]AllowDuplicateTrades: the same pair often occurs in a number of different correlation diffs that trigger trades, causing duplicate trades to expose us to a much higher risk on the duplicate pairs than we would take if only sending a single trade. Leaving this at the...
Excellent update.

Thank you.
  • #235
  • Feb 10, 2011 12:25pm Feb 10, 2011 12:25pm
Hi steve,

Most of the trades opend by EA with this strategy closes with profit. But at times the trades go opposite and get in to DD.

I tested in hourly chart and 5 min.
In 5 min it has made 132 pips since europen session. One trade GU/GC is in large DD with almost 100 pips in 5 min. The entry is at 90.

The same GU/GC entered in to trades in hourly chart but had a max. of 50 pips DD. Surprizing to note that in higher time frame DD is less compared to lower time frame in this strategy. It means we catch the entry at the last moment in hourly chart. Great.

I n hourly chart i set two kind of exit strategy : Exit by pips and other one exit by stoc diff. I set just 8 pips profit and 20 % exit. Entry at 80 %.
It made huge profits since europeon session. 192 pips !!

At present GU/GC is having DD of 40 pips.

My thought :
Add on lots when the DD reaches 50 pips. Adding lots on both trades then exit at 20 % or averaging the exit by pips. Let us say 20 pips.

If this feature is available, it would be nice and trades will close in profit. Thanks for the wonderful EA.
Intraday only.
  • #236
  • Feb 10, 2011 5:05pm Feb 10, 2011 5:05pm
Quoting navk
Hi steve,

Most of the trades opend by EA with this strategy closes with profit. But at times the trades go opposite and get in to DD.

I tested in hourly chart and 5 min.
In 5 min it has made 132 pips since europen session. One trade GU/GC is in large DD with almost 100 pips in 5 min. The entry is at 90.

The same GU/GC entered in to trades in hourly chart but had a max. of 50 pips DD. Surprizing to note that in higher time frame DD is less compared to lower time frame in this strategy. It means we catch the entry at the last moment in hourly...
This kind of thing is easy to code for a single-pair trading ea. For a multi-pair, it is a nightmare to contemplate.

So sorry, but I shall not be acting on this for the time being.

  • #237
  • Feb 10, 2011 8:37pm Feb 10, 2011 8:37pm
Quoting navk
Hi steve,

Most of the trades opend by EA with this strategy closes with profit. But at times the trades go opposite and get in to DD.

I tested in hourly chart and 5 min.
In 5 min it has made 132 pips since europen session. One trade GU/GC is in large DD with almost 100 pips in 5 min. The entry is at 90.

The same GU/GC entered in to trades in hourly chart but had a max. of 50 pips DD. Surprizing to note that in higher time frame DD is less compared to lower time frame in this strategy. It means we catch the entry at the last moment in hourly...
i have also entered in same trade GU/GC on H1 at 80. sto went up to 90 and came down to 75. DD is in 50 pips. but i entered another lot when it went up to 90 and my DD was actually 20 pips at sto 75 instead of 50 in yr case. sto came down to 30 and stalled there for couple of hours. i exited at a decent profit (30 pips), my original plan was to exit at 10 sto. but seeing the sto stalled at 30 and that was end of EU session, so i closed it manually

just now i checked the pair, the DD is 80 pips and sto is 57.

so there is no relation to sto movement and price movement

2 things are import:

1. entry at highest sto as possible. on M5 >95 and H1 > 90. somebody mentioned it would filter out some winners too. but it might avoid some losers too.

2. add another lot if DD reaches x pips. let user chose x. adding is dangerous sometimes but most times it allows you exit at BE or with minimal loss.
  • #238
  • Feb 10, 2011 11:52pm Feb 10, 2011 11:52pm
The test using Trend Filter has not opened any trade yet. Sure I´m doing something wrong, or maybe this filter is too much filter....

Anyway, I´m still trying new things, like Renko......
  • #239
  • Feb 11, 2011 2:37am Feb 11, 2011 2:37am
Quoting Caillou
The test using Trend Filter has not opened any trade yet. Sure I´m doing something wrong, or maybe this filter is too much filter....

Anyway, I´m still trying new things, like Renko......
I have it turned off and there has not been much activity with Stoch diff at 90.

The trend filter is pretty stringent. Theoretically, it should allow triples to be sent only if both trades are in the direction of their own overall trend, something that will not happen often.

I write 'theoretically' because posts like yours always send me to the code to check for logic failures. It looks as though my trend coding could allow one of the triplet's trades through whilst disallowing the other. I will amend this in time for next week.

  • #240
  • Feb 11, 2011 3:44am Feb 11, 2011 3:44am
Quoting SteveHopwood
I have it turned off and there has not been much activity with Stoch diff at 90.

The trend filter is pretty stringent. Theoretically, it should allow triples to be sent only if both trades are in the direction of their own overall trend, something that will not happen often.

I write 'theoretically' because posts like yours always send me to the code to check for logic failures. It looks as though my trend coding could allow one of the triplet's trades through whilst disallowing the other. I will amend this in time for next week.

Thank you.
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