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Attachments: Brijon Concept of Threes auto trading robot by Steve Hopwood
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Brijon Concept of Threes auto trading robot by Steve Hopwood

  • #201
  • Feb 23, 2011 8:27am Feb 23, 2011 8:27am
Quoting SteveHopwood
Sq, I am tired. I have had a heavy couple of days. Right now, I couldn't give a toss.

More to the point, I trust your judgement/coding/intellect 100%. Do me a huge favour please. Just post a fixed ea here that I can adopt into post 1 and then forget, please.

Cheers, pal.


All righty!
Here is the modified EA.
To be tested before taking this for granted

It calcs and draws the Square lines properly in any timeframe.
When "SquareTimeFrame" is set to H4(240), it will convert that to H1 bars to avoid the "broker-GMT-offset syndrom", so everyone should have the same Square lines whatever broker and TF you are using.

Brian:

Your explanation confirms my understanding of how the Square should be drawn.
However, using H4 timeframe leaves you with the "GMT-offset syndrom" issue: if you open the same H4 chart on brokers with different GMT-offsets, then your Square lines will be "anchored" at different "absolute times", and therefore may show different levels:
If broker1 is GMT+0, then the first H4 bar of this broker's "day" is at 00:00GMT.
If broker2 is GMT+2, then the first H4 bar of this broker's "day" is at 02:00GMT, therefore giving different square levels.

This is why i proposed to convert H4 bars to the equivalent number of H1 bars.

This mod of the EA uses this concept.

Sq
Attached File(s)
File Type: mq4 Brijon Concept of Threes auto trading robot by Steve Hopwood.mq4   58 KB | 406 downloads
  • #202
  • Feb 23, 2011 9:54am Feb 23, 2011 9:54am
Dear Steve,
is it possible to add an option to EA to alert and send email only as i can use also other system to trade that direction?
Thank you very much
  • #203
  • Feb 23, 2011 11:09am Feb 23, 2011 11:09am
Quoting squalou
All righty!
Here is the modified EA.
To be tested before taking this for granted

It calcs and draws the Square lines properly in any timeframe.
When "SquareTimeFrame" is set to H4(240), it will convert that to H1 bars to avoid the "broker-GMT-offset syndrom", so everyone should have the same Square lines whatever broker and TF you are using.

Brian:

Your explanation confirms my understanding of how the Square should be drawn.
However, using H4 timeframe leaves you with the "GMT-offset syndrom" issue: if you open the same...
Cheers Sq; you are a star. I have replaced the post 1 version with this.

  • #204
  • Feb 23, 2011 11:56am Feb 23, 2011 11:56am
I agree now i understand great thinking never noticed before

ive been testing and found simple entry on the 4 hour square will save a lot of drawdown time and remove volatility spikes during those hours

i have been using small lot sizes for this developement phase but as you all know its actualy harder to trade macro lots .o1 than .1 or full lots due to spread

contrary to most traders thinking its only the account size you need for trading.

i trade and recomend always the minium lot size you can in small accounts
eg max on 1 k to 5k .01 lots at first 7 positions try maintain under 5 best 3 this forces to to focus on trading not to be greedy

for accounts from 10 k and above to 50 k 1 minii same .1 but a new trick one can do max 3 lots of 1 lot
or 1 lor and 14 mini lots as for multi currency trading

now most traders will scorn my small lot size and quantity recomendations for this and will disregard this as crazy

but the single bigest reasons traders fail is there greed and overloading
trades and lot size to there account size in my opinion so this is my guide only

so one can mix and match lot sizes to there accounts

eg high interest paying eg audusd larger lot sizes

eg gbpaud sell interest on a trade on 1 lots from say end of december till now is approx $1000 so sell and buy accounts eg audusd buys and gbpusd sells can be held for longer time frames if you got the trade at a good price


ok here is an examle of lots of small trades fast trades ans slow ea trades

all ,1 lots and one trade audusd 1 full lot 6 pips $60 for jesterday showing mix and match trading

thank you guys
Ive included some ideas on account management on my thread yesteday i used to show you
Attached Image (click to enlarge)
Click to Enlarge Name: steve and his crew.jpg Size: 170 KB
  • #205
  • Feb 23, 2011 12:18pm Feb 23, 2011 12:18pm
My 3hrs worth of trading seems so awesome...
from 15:00 CET to 18:00 CET
please note that on the EA if:
end_hourm = 18 , the EA will go into sleep mode at 18:59
so ...if you wanted to trade during the 3hrs range do the following:
start_hourm = 15
end_hourm = 17

I adjusted this, lets see if the result will be good the rest of the week
result with 58.5KB version
someone can correct me if im wrong
Attached Image (click to enlarge)
Click to Enlarge Name: pic.PNG Size: 87 KB
  • #206
  • Feb 23, 2011 12:54pm Feb 23, 2011 12:54pm
Getting,

Are you this under semi auto? If not, can you share your settings? Thanks.
  • #207
  • Feb 23, 2011 1:52pm Feb 23, 2011 1:52pm
its early days of the ea developement but as i said
great traders take eas and there ideas and inputs to achieve super results

its intersting of your hour selection as a couple of days ago
Dave noticed simular best hours for the ea for the volatility peaks it preformed better

so well done GettIng
from brian



Quoting getting
My 3hrs worth of trading seems so awesome...
from 15:00 CET to 18:00 CET
please note that on the EA if:
end_hourm = 18 , the EA will go into sleep mode at 18:59
so ...if you wanted to trade during the 3hrs range do the following:
start_hourm = 15
end_hourm = 17

I adjusted this, lets see if the result will be good the rest of the week
result with 58.5KB version
someone can correct me if im wrong
  • #208
  • Feb 23, 2011 2:32pm Feb 23, 2011 2:32pm
Pretty much same results. Good Stuff and future mods should make this even better I hope.

Attached Image (click to enlarge)
Click to Enlarge Name: Hour_of_trades.png Size: 17 KB




Quoting getting
My 3hrs worth of trading seems so awesome...
from 15:00 CET to 18:00 CET
please note that on the EA if:
end_hourm = 18 , the EA will go into sleep mode at 18:59
so ...if you wanted to trade during the 3hrs range do the following:
start_hourm = 15
end_hourm = 17

I adjusted this, lets see if the result will be good the rest of the week
result with 58.5KB version
someone can correct me if im wrong
K.I.S.S.
  • #209
  • Feb 23, 2011 3:05pm Feb 23, 2011 3:05pm
How are you getting these advanced statistics?
  • #210
  • Feb 23, 2011 4:10pm Feb 23, 2011 4:10pm
I had a thought. Most positions I enter go against me for a time until they show profit. I took NB's advice to heart regarding this in that I assume I am not going to get the best entry point. So my initial entry is a fraction of my total ideal position.

When the market goes against me I'll pick a pivot point (Demark trend or Fib) and open a second position that is the same size as the first. I will do this one more time if needed. This takes some stress off of the entry. I've seen others use a 1-3-4 method for their entry also.

Do you think this would have any legs regarding our EA's to automate a scaled entry? I actually use this allot when trading the correlation strategy, one pair will go crazy mad in the wrong direction before it corrects.


T
  • #211
  • Feb 23, 2011 4:39pm Feb 23, 2011 4:39pm
Quoting newark18
Getting,
Are you this under semi auto? If not, can you share your settings? Thanks.
bar graph above is from myfxbook.com
mt4i.com has better analytical tool, and better statistic reports in my opinion.
here's my .set file(remove .txt when u put it in MT4 folder - experts/presets)
might proved to be something or nothing in a long run, but worth testing

NOTE: trading time in the .set is based on CET time (15 to 18 CET)- 6hrs ahead of EST
I've changed my VPS time to match CET time - easier to manage.
http://wwp.greenwichmeantime.com/tim...european-time/

*newark - guess u're in New Jersey? then u need to input start time at 9 and stop at 11. 9:30EST is when NYSE market opens
*all trades in mt4i is hands off - EA control control entry and exit, I'm getting more familiar with the usage of breakeven, trailing stop, trailAfterBreakEvenOnly - great tools when using inconjunction with "using candle length" TP and SL
Attached File(s)
File Type: txt brijon_getting.set.txt   2 KB | 498 downloads
  • #212
  • Feb 23, 2011 4:52pm Feb 23, 2011 4:52pm
i sujested that the 4 hour frame for basing the entry ect would be better
but of course the brokers widening and tightening of the spead during volatile times of the market shows you this problem as to corect entry exactly is impossible unless your luckY or have one postion already on


so the cyclic process of loss profIT loss is in my opinion IS a reality of real time trading

just the fast spread and price change in a 5 second period of the volatile market of the spread on price tells you that


some traders use sizing of entry to overcome this as you have said



even entry on the4 hour range wont stop this just alows you after the spread of buys and sells out gives you a bigger trading range


in fact the smaller the trading range the less pips after the brokers cost are taken eg a 10 pip 15 minute trading range afTer entry and exist fees
leaves 6 then volatility + and minus on placing order can see you in a loss
drawdown

if that makes sense so pecise entry is difficult so circle loss profit loss can be in smaller signal trading times of the ea more volatile

my opinion only

from BRIAN


Quoting t1minator
I had a thought. Most positions I enter go against me for a time until they show profit. I took NB's advice to heart regarding this in that I assume I am not going to get the best entry point. So my initial entry is a fraction of my total ideal position.

When the market goes against me I'll pick a pivot point (Demark trend or Fib) and open a second position that is the same size as the first. I will do this one more time if needed. This takes some stress off of the entry. I've seen others use a 1-3-4 method for their entry also.

Do you think...
  • #213
  • Feb 23, 2011 5:02pm Feb 23, 2011 5:02pm
dave sent me a video this morning ok i understand exactly this in trading but its easy to see this here in the video explained far better than i can

Inserted Video
  • #214
  • Feb 23, 2011 5:12pm Feb 23, 2011 5:12pm
Quoting t1minator
I had a thought. Most positions I enter go against me for a time until they show profit. I took NB's advice to heart regarding this in that I assume I am not going to get the best entry point. So my initial entry is a fraction of my total ideal position.

When the market goes against me I'll pick a pivot point (Demark trend or Fib) and open a second position that is the same size as the first. I will do this one more time if needed. This takes some stress off of the entry. I've seen others use a 1-3-4 method for their entry also.

Do you think...
Just to let you know. I am going to do nothing about this for now, but it is in my mind as a possible development for the future.

At some stage, I shall be considering Recovery for this bot.

  • #215
  • Feb 23, 2011 5:12pm Feb 23, 2011 5:12pm
Cheers Brijon
  • #216
  • Feb 23, 2011 5:58pm Feb 23, 2011 5:58pm
see here .5 used as an example just after the video and a shower

the loss profit and looss is cyclic trading

this is to show you that one needs to understand the spread and the cycle of real trading

due to the above loss profit loss one doesn need to compound the position

instant you put the trade on its loss normal real time trading knowlege

this cycle is where br make there money on stop losses he he
Attached Image (click to enlarge)
Click to Enlarge Name: profit loss profit.jpg Size: 32 KB
  • #217
  • Feb 23, 2011 7:49pm Feb 23, 2011 7:49pm
Quoting SteveHopwood
Just to let you know. I am going to do nothing about this for now, but it is in my mind as a possible development for the future.

At some stage, I shall be considering Recovery for this bot.

Promise not to PM you

I will test this out and submit it to you SQ style.

Get some rest.
T
  • #218
  • Feb 23, 2011 8:04pm Feb 23, 2011 8:04pm
Hello!

EA generates an error

2011.02.23 18:00:02 Brijon Concept of Threes auto trading robot by Steve Hopwood GBPUSD,M30: GBPUSD OP_BUY order send failed with error(130): invalid stops

StopLoss setting sets to default settings.

Any ideas?

Thank you.
  • #219
  • Feb 23, 2011 8:17pm Feb 23, 2011 8:17pm
Is your broker an ECN? If so, look for CriminalIsECN and set to true.
  • #220
  • Feb 23, 2011 8:19pm Feb 23, 2011 8:19pm
Quoting vadimv
Hello!

EA generates an error

2011.02.23 18:00:02 Brijon Concept of Threes auto trading robot by Steve Hopwood GBPUSD,M30: GBPUSD OP_BUY order send failed with error(130): invalid stops
.
I got this error when I was using an older version and I used a fixed TP that was to small. I believe it happened to me on an order modify, but could happen on the open. Check your conditions for TP and SL if it is set.

Update to the latest if you have not already.
T
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