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SWB Martingale EA

  • #581
  • Feb 25, 2011 5:56am Feb 25, 2011 5:56am
Can you explain how the RSI-TP works again?

I don't understand what they do, so I don't know how to set them.

http://i1084.photobucket.com/albums/...si-tp-exit.jpg
  • #582
  • Feb 25, 2011 6:48am Feb 25, 2011 6:48am
Quoting domino2-4x
Can you explain how the RSI-TP works again?

I don't understand what they do, so I don't know how to set them.
It's all based on momentum, when accelerating (or decelerating), and will post a higher or lower TP depending on that. It's a little extra insurance, in case it begins to lose momentum, but not enough to trigger RSI exit. So, if it sets a TP within range, that is, if you have it tweaked right, it's better to closeout there, than to have it drop further.

Of course there appears to be a bug right now so, I guess it doesn't make much difference.

Also, if you don't want to place secondary hedges, you probably don't want to use it.
  • #583
  • Feb 25, 2011 7:16am Feb 25, 2011 7:16am
Quoting domino2-4x
OK - now the RSI seems to be working the way it is supposed to.
Except of course for the accuracy part, right? Of course I just now realized I should probably use doubles (with floating point) instead of integers on indicator signals. I just now re-uploaded it so, you might want to check it out.
  • #584
  • Feb 25, 2011 7:30am Feb 25, 2011 7:30am
Quoting domino2-4x
SO, I noticed something else in addition to the hedge exit issue.

When I have the hedge set to 5, it also stops firing regular levels also.
Yes, I did this on purpose, because you made it sound as if the hedge should be the final say-so before everything closed out. But no, this can be changed.

Quote
I do like the RSI filter on the hedge but I think the hedge level should only "activate the hedge", but not fire it unless the RSI is hit. Meaning it will continue to add normal levels up to the max. So, the hedge trade would be (in this case) "5 or above", not just stop at 5.
Yeah, sounds like a plan.

Quote
In this case 7 levels would have fired, but no hedge because the trend wasn't strong enough. I think this is actually safer because if you backtest with only 5 levels, it is not deep enough and you can be waiting for months for the price to come back.
Several months? No, we don't want any of that!

Of course this why I came up with the secondary hedging, because it will always be active ... although unless you really nail the timing, you're pretty much stuck in the same boat.
  • #585
  • Feb 25, 2011 8:38am Feb 25, 2011 8:38am
ec-
I just had an epiphany while driving to work. Grrr...

You know how the normal operation works...it is counter trend using bb, stoch, and rsi. On the martingale, all of those signals are thrown out and it is just based on 25 pip levels.....

Well...using our RSI signal for the hedge....why don't we just use it to add to the levels. I noticed that when I am looking for a hedge trade outside the 80 RSI, it retraces after that, which will pop us out of the hedge and causes all of the problems. It looks like a 20-30 pip retrace after it hits 80/20 RSI. That may be enough to get us out of all of them.

Well - what if we place a compounded trade in the same direction as the others that is based on the RSI. (reverse hedge) This will compound our chances of getting out of the original set with a profit and it gets rid of all of the exit problems with the hedge.

It should be easy enough to throw an option on there to reverse the hedge so we can test the theory.....
  • #586
  • Feb 25, 2011 9:04am Feb 25, 2011 9:04am
Quoting domino2-4x
ec-
I just had an epiphany while driving to work. Grrr...

You know how the normal operation works...it is counter trend using bb, stoch, and rsi. On the martingale, all of those signals are thrown out and it is just based on 25 pip levels.....
I believe I attempted something similar to that here ... albeit without the hedge.

And yes, this was one of my epiphany moments too!
  • #587
  • Feb 25, 2011 9:29am Feb 25, 2011 9:29am
Hey look at this. This was for three months with hedge set a level 2, 125%, 1.0 lot size and $2500 deposit. I made a profit of $1448.

Of course I'm thinking I should have tested it at 150%, which I'm doing right now but, I think that probably works better when trading at level three.

Also, there are some other mods I've made since the last revision in order to do this.

Attached Image (click to enlarge)
Click to Enlarge Name: swb_revised_03.gif Size: 8 KB
  • #588
  • Feb 25, 2011 9:45am Feb 25, 2011 9:45am
Okay, here it is at 150% for the same period. I made a profit of $1326, although it had peaked to about $1500 two or three weeks prior to that, when it crapped out. If it wasn't for that, it probably would have been closer to $2000.

Oh, I set tp_in_money to $40 in both instances here. I think I'll try it around $10 and see whether it's more responsive or not.

Attached Image (click to enlarge)
Click to Enlarge Name: swb_revised_03_2.gif Size: 10 KB
  • #589
  • Feb 25, 2011 10:24am Feb 25, 2011 10:24am
Is this the "hedge reverse" option?

If it can make it through Feb, 2010 then it should make it through anything. More specifically Feb 2-3 and Feb 17-18.
  • #590
  • Edited 11:00am Feb 25, 2011 10:41am | Edited 11:00am
Hedge reverse option? No, it's similar to what you're describing here, except I'm using RSI with Entry and Exist. I also have a regular stoploss set to 40 I believe.

Also, I'm not sure what you mean by hedge reverse option?

Quoting domino2-4x
I have some good news - I will post screen shots in a couple hours.

I have it working almost exactly like I intended, making it much simpler. But not using the RSI stuff or the variable TP.
Quoting domino2-4x
If it can make it through Feb, 2010 then it should make it through anything. More specifically Feb 2-3 and Feb 17-18.
I guess I can try extending the test out this far to see what happens?
  • #591
  • Feb 25, 2011 10:50am Feb 25, 2011 10:50am
Quoting ecTrade
Hedge reverse option? No, it's similar to what you're describing here, except I'm using RSI with Entry and Exist. I also have a regular stoploss set to 40 I believe.

Also, I'm not sure what you mean by hedge revere option?
The "hedge reverse" option was in my "epiphany" post this morning (here)
(you said it was similar to your stealth, but not the same)

So, which stoploss are you setting?
The "h_sl" setting? I can't get that one to work.

Or did you get the RSI exit to start working?
  • #592
  • Feb 25, 2011 10:55am Feb 25, 2011 10:55am
Hey, these results are from ideal, by the way. Sometimes you might miss when you're closing out (or close out more than 3 or 4 times in a row on the wrong side of a hedge) and then you're screwed. So, there's probably times when you have to be prepared to take a substantial loss, in order to get out of it.

This is all pretty much preliminary as far as I'm concerned.
  • #593
  • Edited Feb 26, 2011 10:49am Feb 25, 2011 11:21am | Edited Feb 26, 2011 10:49am
Quoting domino2-4x
The "hedge reverse" option was in my "epiphany" post this morning (here)
(you said it was similar to your stealth, but not the same)
Actually, I kind of had a hard time understanding what you're saying here? Maybe we can discuss it later? My mind can only go in so many directions at once and, right now it's about time I took a break.

Quote
So, which stoploss are you setting?
The "h_sl" setting? I can't get that one to work.

Or did you get the RSI exit to start working?
Here is version 3. Both TP and SL settings are working now. I've also included a hedge offset (h_offset) which ties hedge and defines entry range with last trade.

And yes, the RSI exit is working too, but not the TP exits ... or, at least I don't think?


ETA:

 

  1. Added level_limit mod per Domino's request below ...
  2. Added hedge_loss_factor per post #603 ...
  3. Forgot to zero out hedge_loss_factor before uploading ...

Attached File(s)
File Type: mq4 swb grid 4.1_revised_03.mq4   19 KB | 753 downloads
File Type: mq4 #MTF_RSI.mq4   4 KB | 465 downloads
  • #594
  • Feb 25, 2011 11:48am Feb 25, 2011 11:48am
Oh, I changed (RSI) sl_threshold so it's activated only after specified number of points below the last order open price. In other words, since it's set to activate at -10, that means hedge should close out somewhere between -10 and -40 points, with standard SL.

Oh, the test I was running that was supposed to end in February? It just crashed in October!
  • #595
  • Feb 25, 2011 1:50pm Feb 25, 2011 1:50pm
OK - great!
I will run some tests and get back to you.

Can you post a different version that keeps firing the standard levels and doesn't stop at the hedge level also?

I want to see if that makes it worse or better.

Thx-
  • #596
  • Feb 25, 2011 7:41pm Feb 25, 2011 7:41pm
Quoting ecTrade
Actually, I kind of had a hard time understanding what you're saying here? Maybe we can discuss it later? My mind can only go in so many directions at once and, right now it's about time I took a break.

Here is version 3. Both TP and SL settings are working now. I've also included a hedge offset (h_offset) which ties hedge and defines entry range with last trade.

And yes, the RSI exit is working too, but not the TP exits ... or, least I don't think?
Hello Master ec Trade...
i newbie, now follower your thread...
where the last version for Ea SWB?

regards
  • #597
  • Feb 25, 2011 9:11pm Feb 25, 2011 9:11pm
Hey, BP58, try the post you responded to ...

Thanks.
  • #598
  • Feb 25, 2011 9:20pm Feb 25, 2011 9:20pm
Quoting domino2-4x
OK - great!
I will run some tests and get back to you.

Can you post a different version that keeps firing the standard levels and doesn't stop at the hedge level also?

I want to see if that makes it worse or better.

Thx-
Okay, I re-uploaded it in post above. It also includes level_limit option, which you should leave set to false, if you want it to continue firing standard levels.
  • #599
  • Feb 25, 2011 10:14pm Feb 25, 2011 10:14pm
Thanks EC-
Was it working for you?

Maybe I need to double check my settings or something.

I have the hedge set to 5 and the levels set to 10.
I got confirmation with the RSI after level 5 and it didn't jump in.

http://i1084.photobucket.com/albums/...hedge-fire.jpg

You got it to work?

(not that I needed it on this trade.....)
  • #600
  • Feb 25, 2011 10:56pm Feb 25, 2011 10:56pm
I took this screenshot earlier today while running a backtest on the "original non level" version. Hedge is set to 5 levels deep.

I think if we are to ever make this hedge version work we will need to implement a "trade recovery" part of the program after a hedge loss.

In this screenshot, the hedge fired right on queue. However, it retraced and took a loss.

Right after that 4 of the 5 trades could have closed out with a profit but they didn't because the didn't hit the tp_in_money after the hedge loss.

After the second hedge loss, the price shot up way past the original entry but still didn't make enough to cover the hedge loss, so they still didn't close.

Is there a way to say....."If last closed hedge trade was < 0, then tp_in_money applies to each trade"? (not as a basket of trades)

Not sure if we would want to wait 3 days for the last one to close though. Maybe if there was a "get's within 5 pips, then close it automatically" or something.

http://i1084.photobucket.com/albums/...ual-trades.jpg

Granted, I had the hedge trade at 300%, but that was so it would pull a small amount of pips and close all quickly. Clearly backfired in this case!

Or I guess, if you don't think this will work, we just have to make sure we (I) use much smaller hedge trade sizes.....
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