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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

  • #301
  • Feb 25, 2011 6:09am Feb 25, 2011 6:09am
Hi,
Same as Brian earlier, I also have a duplicate trade, this time with the AUSUSD.
Attached Image (click to enlarge)
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  • #302
  • Feb 25, 2011 6:25am Feb 25, 2011 6:25am
Hi Guys,
I just thought I'd give you an update on my testing. I've been watching the EA on 3 different MT4 set ups for the last 36 hours with 8 hours kip.
If you remember yesterday I showed you some results which showed a profit of $204. Below is the same test. I never stopped it, but let it run all night. I am UK time.

It is now only $95 in profit (although it has been in loss by up to $90.) It also has a loss of $42 in open trades.

Yet some of you are saying you are getting $50 baskets like confetti so why don't you help the rest of us out who are putting the time in and share your set files? We can then try other timeframes and work together. I seem to be wasting time trying all this stuff when good settings already exist.

Anyway my settings for the above test are stop at candle width and TP 15 pips. No other stuff because I don't know how to use the EAs properly although this weekend I'll do as much reading as I can.
Obviously my settings are wrong.

My observations for what they're worth after 8 years of trading...

1. Maybe the hours to trade should be changed so the EA is not on all the time?
2. If you have a stop of candle width, sometimes the price comes level to candle width but you are stopped out. I would suggest candlewidth + 2 pips for safety. It would avoid some stop outs.
3. I've noticed the EA can get you in at the top of a move when long and then the price moves down. Again if the entry was 2 pips above the blue line for a long and 2 pips below for a short we'd save pips.

Just a few thoughts.
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  • #303
  • Feb 25, 2011 6:32am Feb 25, 2011 6:32am
Quoting brijon
if you read back my answer is already covered in this thread

I have read the complete thread so must have missed that somewhere

Castlebrook, it would appear that you have a 50/15 risk reward ratio ? Is that a good idea ?
He was looking for the card so high and wild hed never need to deal another
  • #304
  • Feb 25, 2011 6:37am Feb 25, 2011 6:37am
I went through Brians trades for the last 7 days and I notice that he is trading the following 13 pairs with this EA:

AUDJPY
AUDUSD
EURAUD
EURCHF
EURGBP
EURJPY
EURUSD
GBPCHF
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY

Any comments, suggestions, observations...

Kind Regards
  • #305
  • Feb 25, 2011 6:45am Feb 25, 2011 6:45am
I have had only one dulplictae so far that happen yesterady for the first time.
K.I.S.S.
  • #306
  • Feb 25, 2011 7:21am Feb 25, 2011 7:21am
HI folks,
Further to my post 302 I missed out point 4.

4. Let's say your're in a short trade and it's not working out but your stop has not been hit. Then you see on the next candle the EA would have signalled a long and entered a long had you not been short.
This is a suggestion only but from what I've seen so far if the EA closed the short and opened the new long it may work out better. Or close the short and sleep.

The only way to find out would be to test that.
  • #307
  • Feb 25, 2011 7:22am Feb 25, 2011 7:22am
I have edited Trading styles in post 1.

  • #308
  • Feb 25, 2011 7:45am Feb 25, 2011 7:45am
Quoting SteveHopwood
I have edited Trading styles in post 1.


Thanks v much for that.
He was looking for the card so high and wild hed never need to deal another
  • #309
  • Feb 25, 2011 7:47am Feb 25, 2011 7:47am
Quoting SteveHopwood
I have edited Trading styles in post 1.

Great. I'll start again testing on Monday. I trade full time so I have the time to do this.
  • #310
  • Feb 25, 2011 8:00am Feb 25, 2011 8:00am
Quoting SteveHopwood
I have edited Trading styles in post 1.

Thanks for the .set file as well

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #311
  • Feb 25, 2011 8:19am Feb 25, 2011 8:19am
Hi Folks

With Steves permission I am posting this neat indi that I stumbled across somwhere. I use it to monitor my progress against Nanningbobs 25 pips a day money management paper with the FTLR bot, and now the 3MW bot.

I have it on the Blank MPTM chart with iExposure. It makes for a easy and quick financial view of the account performance.
Attached File(s)
File Type: mq4 i-Profittracker.mq4   17 KB | 271 downloads
  • #312
  • Feb 25, 2011 9:19am Feb 25, 2011 9:19am
Steve,

Do you close your basket of trades before the market closes on Friday, or are you letting them run into the next week? Personally I favor closing them down for the weekend.
  • #313
  • Feb 25, 2011 9:43am Feb 25, 2011 9:43am
SquareOverridesClose: set this to 'true' and B will override the earlier directional calculations:

  1. Market is above or equal to the Square high, or the previous candle high is above or equal to the Square high: the trading direction is down.

  1. Market is below or equal to the Square low, or the previous candle low is below or equal to the Square high( should this be Low): the trading direction is up.

someone please correct me if I am wrong about the above criteria.

with the square enabled is B selling at Resisitance and Buying at support.?

My 4H trade did go well B was reading a down and the market went up on the AUDJPY.( demo)

  • #314
  • Feb 25, 2011 10:03am Feb 25, 2011 10:03am
Sorry, I read Brijon explantion trading the square.

1. Either on a breakout with the longterm trend, stop on the otherside
2. Trading the range of the square.

I have a longterm outlook so I will have to use the dailyclose or the weekly close for the trading direction filter along with some manual confirmation.

other interpretation/explanation is welcome

Thanks


Quoting chips
SquareOverridesClose: set this to 'true' and B will override the earlier directional calculations:

  1. Market is above or equal to the Square high, or the previous candle high is above or equal to the Square high: the trading direction is down.

  1. Market is below or equal to the Square low, or the previous candle low is below or equal to the Square high( should this be Low): the trading direction is up.

someone please correct me if I am wrong about the above criteria.

with the square...

  • #315
  • Feb 25, 2011 10:28am Feb 25, 2011 10:28am
Well well well.. so you have come here Steve.

So this is your latest creation? Read the theory behind it. Will get my act together and read through all these posts... and perhaps stick it on demo for a few months.

Thanks in advance, Stevo. I, like so many people on here, appreciate you allowing us access to these tools and sytems which may make us rich, along side you.
  • #316
  • Feb 25, 2011 10:34am Feb 25, 2011 10:34am
Hi Guys,
Decided not to wait until Monday.

I tested the set files put onto page 1 by Steve 2 hours ago.

It got to the $50 in under 2 hours.

More testing required to see what kind of drawdown this EA gets when it's having a bad day. Because remember it has no Stops or Take Profit on it.

Still looks good so far.
Attached Image (click to enlarge)
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  • #317
  • Feb 25, 2011 10:59am Feb 25, 2011 10:59am
Quoting castlebrook
Hi Guys,
Decided not to wait until Monday.

I tested the set files put onto page 1 by Steve 2 hours ago.

It got to the $50 in under 2 hours.

More testing required to see what kind of drawdown this EA gets when it's having a bad day. Because remember it has no Stops or Take Profit on it.

Still looks good so far.
cheers

ps/ as I've told you, you have to use MPTM ! (it has this functions too)
  • #318
  • Feb 25, 2011 11:02am Feb 25, 2011 11:02am
Quoting argon
cheers

ps/ as I've told you, you have to use MPTM ! (it has this functions too)
Hi Argon,
Thanks for your advice. Thanks to Dryclean too.

I did use the MPTM and it took the lot out once $50 was up.
  • #319
  • Feb 25, 2011 11:09am Feb 25, 2011 11:09am
Quoting panamamike
Steve,

Do you close your basket of trades before the market closes on Friday, or are you letting them run into the next week? Personally I favor closing them down for the weekend.
I will always try to close them. We might need a Friday (Sat for those in upside-down land) stop-trading time input.

  • #320
  • Feb 25, 2011 11:20am Feb 25, 2011 11:20am
Quoting scottyds
Hi Folks

With Steves permission I am posting this neat indi that I stumbled across somwhere. I use it to monitor my progress against Nanningbobs 25 pips a day money management paper with the FTLR bot, and now the 3MW bot.

I have it on the Blank MPTM chart with iExposure. It makes for a easy and quick financial view of the account performance.
That is a fabulous indi. I have put it into post 1 so it doesn't get lost.

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