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Brijon Concept of Threes auto trading robot by Steve Hopwood

  • #141
  • Feb 18, 2011 2:06pm Feb 18, 2011 2:06pm
only have default ask manual confirmation

no stop loss or 500 your choice

i dont use stop loss conventional METHODS

just stop loss to max drawdown of account size control as buisness management sales, stock control equity overdraft(drawdown) to capital ect liquidation of slow moving sales to keep drawdown to max fixed percentage

boring buisness methods dont know
re stop losses
only MOST traders of the shares,CFDS, forex have there own methods

no right or wrong way to trade



from BRIAN

Quoting the-game
Hi Brian,

Would you mind sharing your EA settings with everyone?

Thanks!
  • #142
  • Feb 18, 2011 3:07pm Feb 18, 2011 3:07pm
Did you let ea take profit or did you close them manually - if manually what did you base your decisions on I know you mentioned increased volitity as a consideration
  • #143
  • Feb 18, 2011 3:51pm Feb 18, 2011 3:51pm
due to volatility peaks warching the profit loss profit as trades progressed i decided scalping fast on the peaks of high low to take fast profits

so eg in realtime trade would go+ 0.04 -.05 as an eg fast under 5 seconds in these peak volatility trading so i waited to rebound took trade

so eg trade stays drawdown trending sideways sits on eg -7 up -10 back

then new volaility hits +.04 eg fast rebound -.07 back .7 ans so forth wait till stable +.8 or whatever then take profit

this is an example of circle trading in 1 now frame going profit loss profit

for scalping this cycle can be observed in volatile times


now this mechanism of cyclic trading happens over larger time frames with bigger volume transactions eg hours or days the normall cycle is over 35 trading days profit loss profit


it can be longer but the priciple of cyclic trading of loss profit loss as a mechanical trading method is well understood i just apply it visualy

hope this helps

from brian

please note this is a scalping visual tequnic used during volatilile periods old saying

no one goes broke taking a profit


Quoting censura
Did you let ea take profit or did you close them manually - if manually what did you base your decisions on I know you mentioned increased volitity as a consideration
  • #144
  • Feb 18, 2011 4:26pm Feb 18, 2011 4:26pm
Quoting brijon
thank you steve

from a very gratful happy trader

brian
You could not be more welcome, Brian.

  • #145
  • Feb 18, 2011 4:26pm Feb 18, 2011 4:26pm
i answered on here as a means of clarifying threes method of 3 wm now

his method doesnt need indicaters just watching price action now

so its the reason i sujest a higher time frame eg 4 hours is for higher pips per trade based on the trading range 4 hours buying in on the bottom and the fractal of the lowest low up


as an example putting a fib from top to bottom 23.6 and 66.8 of the square shows you visualy the bouce of the range almost a perfect fractal so approx 23.6 bounce from the lowest low of the square


now the brians inside three gives you the break fractal from the bottom

im using an example fib as another way but three is very accurate

the method of threes is now action but sell using visual watching and small time frame trades till a breakout

therefore using three in a 15 minute frame in volatility change from sideways market the scalping tactic used by large traders is based on many trades small percentage profits but lots of trades working on 2%

per day targets


when i was younger this real time trading is very intense and stressful

for most traders its a 24 7 job


but highly profitable we tradered in teams forcing price on the share market with a variation on circle trading using volatility as well

the above method is focused on quantity of trades low margins fast action

sorry for the deviation from the ea

but i thought this was a good opertunity to explain pure threes trading method as an overall understanding

my explation using fib and square i think is easy for traders to understand entry exist strategys

ALSO MAY GIVE YOU IDEAS FOR THE EA DEVELOPEMENT


from BRIAN
  • #146
  • Feb 18, 2011 4:28pm Feb 18, 2011 4:28pm
Quoting brijon
a friend sent me these you asked for mq cadollino was kind enough to post these via skype today

if you dont need them now just dismiss this post
Fabulous. Cheers Brian.

  • #147
  • Feb 18, 2011 4:43pm Feb 18, 2011 4:43pm
Quoting brijon
i trade 4 methods on my thread this is 3mw,
1/ 3 mw ,2/ tripple swap, 3/ swing high swing low, 4/ multi currency trading
each of the 4 are diffferent. so yes i agree with you they deseve a prize
TO PUT 35 YEARS OF TRADING EXPERIENCE INTO A PDF DOCUMENT,
from BRIAN
Sorry Brian I did not mean it that way. In other threads we had people who created fantastic summaries of the system, for example a person called Marshy made a document for Nanningbob`s version 5 method ( http://www.forexfactory.com/showpost.php?p=3943664 ). I would be great if someone could do the same for the 3MW method. I hope I have clarified my earlier post.

Kind Regards
  • #148
  • Feb 18, 2011 4:53pm Feb 18, 2011 4:53pm
Quoting brijon
ALSO MAY GIVE YOU IDEAS FOR THE EA DEVELOPEMENT


from BRIAN
Yes it does. Cheers.

  • #149
  • Feb 18, 2011 6:44pm Feb 18, 2011 6:44pm
Brian,

Thank you, but above all I give thanks for the One who inspired you in sharing your methods. My gratitude as well to Steve and the rest in creating this EA.

I run the EA on several pairs at the onset but somehow it was not working until last night when I discovered there is something wrong with my inputs. I downloaded the updated copy then let it run overnight and to my amazement out of 14 pairs only 3 on the negative. That sounds awesome.

May the Good Lord Bless you all.

Edd
  • #150
  • Feb 19, 2011 2:32pm Feb 19, 2011 2:32pm
Hi Steve,

I think it may have to do with the start date for Monthly Bosun Lines. The formula matches what I have in excel so the start date/time is the only thing I can think of that would make the difference.


Quoting SteveHopwood
Can you ask Dave to look at the EA code please, to see if I am using the correct calculations. All I did was copy them from one of the umpteen versions of this indi available. No idea which version is the 'correct' one. Two of them would not even draw any lines on my chart, so I am a tad helpless here.

K.I.S.S.
  • #151
  • Feb 19, 2011 3:57pm Feb 19, 2011 3:57pm
repeat of just posted skype coment

[8:20:57 AM] Brian Johnston: OK DAVE I WAS THINKING ABOUT THE BOSUNS LINES AND THE DISCREPENCY
[8:22:27 AM] Brian Johnston: i think it was due to brokers closing times on original by kris i noticed a discrepency it looked like our indicater was based on the fridays open at first
[8:23:07 AM] Brian Johnston: there is always on my charts a variation between ff close and my bosuns lines
[8:23:48 AM] Brian Johnston: so i concluded it was due to the brokers different closes and opening times
[8:24:14 AM] Brian Johnston: where as on the excell it is based on one broker
[8:25:05 AM] Brian Johnston: so as it is used by me as a time based thing i was not so concerned
[8:25:38 AM] Brian Johnston: eg trend as a reference point in time
  • #152
  • Feb 19, 2011 4:13pm Feb 19, 2011 4:13pm
Quoting fmsfx
Hi Steve,

I think it may have to do with the start date for Monthly Bosun Lines. The formula matches what I have in excel so the start date/time is the only thing I can think of that would make the difference.
HEEEEYYYYYYY. YOU CAN POST. WELCOME.

Thanks for this. Great to have the formula confirmed.

Given your post and the number of different criminals/candle start times/time zones/frequency of goat sacrifices, I do not propose doing anything about all this. After all, people have to trade their crim....................

  • #153
  • Feb 19, 2011 4:17pm Feb 19, 2011 4:17pm
Quoting brijon
repeat of just posted skype coment

[8:20:57 AM] Brian Johnston: OK DAVE I WAS THINKING ABOUT THE BOSUNS LINES AND THE DISCREPENCY
[8:22:27 AM] Brian Johnston: i think it was...
Now you come to mention it, I remember you posting this.

I tend to need banging over the head to make me take any notice sometimes. Ask whip for confirmation; he is very good at this.

  • #154
  • Feb 19, 2011 7:23pm Feb 19, 2011 7:23pm
great programers program great eas bu tunfortunatly there wonderful work is sabotaged by the crims, its one reason i prefer semi auto eas

ive seen many great eas that would work in live trading as the demo results prove only to fail miserable IN LIVE TRADING OVER TIME

not the programers fault but steve has summed this up perfect here with one word

in fact with my friends today on skype i went a lot further in dicussing spread betting cfd trading FOREX TRADING race course bookies ect

the greatest programers in the world such as steve and the guys on here
whom i admi re so much cant controll there work from others

thats sole purpose is to profit and see there programs loose

as this is a market where the bro crims thrive

they have to make money its only buisness

so i think for me the semi auto is one way to combat this unfortunatly

but the developement and the selection of the right broker for auto eas
who is best i dont know

thank you STEVE IM SO PROUD and a little bit humbled by you choosing to base your time and effort doing an ea on my method

its an honour i never expected

thank you

god blees from BRIAN


Quoting SteveHopwood
HEEEEYYYYYYY. YOU CAN POST. WELCOME.

Thanks for this. Great to have the formula confirmed.

Given your post and the number of different criminals/candle start times/time zones/frequency of goat sacrifices, I do not propose doing anything about all this. After all, people have to trade their crim....................

  • #155
  • Feb 19, 2011 8:10pm Feb 19, 2011 8:10pm
Quoting brijon
great programers program great eas bu tunfortunatly there wonderful work is sabotaged by the crims, its one reason i prefer semi auto eas
Steve, what about randomizing the trading times in the EA? along with hidden stops and TP to make the use of the EA untraceable.

So perhaps picking 4 3hr slots to trade or 7 1hr slots. Sometimes at the start of a new session, ect.. you get the idea. Some trade opportunities may go away but over the long run, it may even the playing field.

T
  • #156
  • Edited 9:42pm Feb 19, 2011 9:05pm | Edited 9:42pm
Quoting SteveHopwood
I do not have even the faintest glimmering of a clue how to code a detection routine for this.

I knew I had done something like this before. I had to code a solution about a year ago that detected the peaks in a DNA melt curve and filter out peaks due to noise. if your are interested i'll leave a link.

Anyway, the way the method I used to detect the peaks was to use the zero crossing of the second derivative of the curve. Google this if you need to see the relationship. Think of the close line as the position of your car. The first derivative is like plotting the velocity of your car, and the second derivative is the acceleration. The peak occurs when the velocity goes from positive to negative or negative to positive.. so when there is a zero crossing on the xxxxx (correction) Acceleration you have a peak.

This is all the farther we need to go.. except the distance between peaks is relevant how far do the peaks need to be to make an M? How close can they be? If the peaks are withing 1% of each other is it valid? 2% ect..

The formula is basic for the derivative it is just rise/run or the slope from x point to the one so many steps back.

rise: close[0] - close[1]
run: 1 in this case.

I will code this up and attempt to make an indi and see if this goes anywhere.


T




http://nar.oxfordjournals.org/content/25/9/1782.full
Attached Image
  • #157
  • Feb 19, 2011 10:04pm Feb 19, 2011 10:04pm
Quoting t1minator
The peak occurs when the velocity goes from positive to negative or negative to positive.. so when there is a zero crossing on the xxxxx (correction) Acceleration you have a peak.
[/url]
After coding this up I realize that the Fractal indi does the same thing and eliminates alot of the noise. So if we know when the peaks occur (just taking M formation) we can keep a list of the last highest peaks. When the close comes withing say 1% of the last hh flag a possible M and look short side. If it breaks out disqualify it as a M, if it breaks down, confirm the M.

I think I will delete my last post, I think this method would be more reliable.

T
  • #158
  • Feb 19, 2011 10:12pm Feb 19, 2011 10:12pm
apart from the sciece of helix curves and dna i understod the concept
simular to the calculations of the osclilations of the furier waves i think
but im not good at the science but the idea

corect me if im wrong , it seems like a super idea as visualy i use these oscillations from zero +1 - 5 ect ect in scalp trading without an indicater
in small time frames

so i understand i think what you are testing

superb basic concept its realy following demand supply in minute detail as curves peaks and troughs

i hope my understanding is correct im not good at programs oR science
just visual trading over a long time i can relate to some ad vanced concepts

very very impressive to match these cyclic peaks and troughs
as in reality its a very easy method for non indicater trading

thank you its realy worth your testing idea

god bless from BRIAN





Quoting t1minator
I knew I had done something like this before. I had to code a solution about a year ago that detected the peaks in a DNA melt curve and filter out peaks due to noise. if your are interested i'll leave a link.

Anyway, the way the method I used to detect the peaks was to use the zero crossing of the second derivative of the curve. Google this if you need to see the relationship. Think of the close line as the position of your car. The first derivative is like plotting the velocity of your car, and the second derivative is the acceleration. [b]The...
  • #159
  • Feb 20, 2011 4:04am Feb 20, 2011 4:04am
Quoting t1minator
Steve, what about randomizing the trading times in the EA? along with hidden stops and TP to make the use of the EA untraceable.

So perhaps picking 4 3hr slots to trade or 7 1hr slots. Sometimes at the start of a new session, ect.. you get the idea. Some trade opportunities may go away but over the long run, it may even the playing field.

T
I have made a note of this idea and will act on it should we get to the stage of trading live with the ea. Hidden stop and tp facilities already exist within the ea, so multiples of a visual emergency stop and tp using the extent of the square would generate stops that do not have a recognisable pattern.

Rather than introduce a psuedo-random trading-time feature, I think it would be better to encourage users to allow the bot to trade only during what would be their normal trading hours, and to stop after a successful basket closure in the way a successful human trader would probably do. We shall see.

  • #160
  • Feb 20, 2011 4:22am Feb 20, 2011 4:22am
Quoting t1minator
After coding this up I realize that the Fractal indi does the same thing and eliminates alot of the noise. So if we know when the peaks occur (just taking M formation) we can keep a list of the last highest peaks. When the close comes withing say 1% of the last hh flag a possible M and look short side. If it breaks out disqualify it as a M, if it breaks down, confirm the M.

I think I will delete my last post, I think this method would be more reliable.

T
Clearly defined M/W formations are easy to see on a line chart; the attached isn't for your benefit, T1, but for anyone here still not sure what we mean by M/W formations.

I do not have much time today, and I am away for a couple of days on Monday and Tuesday. Do you fancy playing around with this to see if you can make something out of it. B's code is up-to-date and I shall not be changing it, so feel free to incorporate any solutions you come up with into the code and post it here for people to play with.

Cheers

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