Sixths trading - an EA by macman, Bob and Steve mk 2 | Page 41 | Forex Factory

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Sixths trading - an EA by macman, Bob and Steve mk 2

  • #801
  • Mar 8, 2011 8:58am Mar 8, 2011 8:58am
Quoting castlebrook
Hi Doc,
Do you ever get the "Error 130 Invalid Stops"?
I get it no matter which broker I use and it means I can't test properly.
I'm using the latest version OOTB with ChaserL set to true.
Nope
  • #802
  • Mar 8, 2011 9:51am Mar 8, 2011 9:51am
Have you checked your global variables? Are they there, you can check by clicking F3 in your MT4 terminal.
  • #803
  • Mar 8, 2011 9:52am Mar 8, 2011 9:52am
Error 130 has been discussed on all threads to no end. Why not brush up on it? Try putting it in search.
  • #804
  • Mar 8, 2011 10:28am Mar 8, 2011 10:28am
Quoting vinesh
Error 130 has been discussed on all threads to no end. Why not brush up on it? Try putting it in search.
Thanks.
Since I've spent too much time on this and can't solve the problem I'll let others test and stick to brijon.
  • #805
  • Mar 8, 2011 11:28am Mar 8, 2011 11:28am
Hi Steve and co, on the 'New Old Beast' and even some of the 'Original Old Beast' can you tell me what determines how long a Buy or Sell stop order remains active ?

I've been checking for some logic but I am not getting anywhere. Some seem to stay active for over an hour even three hours, but others seem to close after two or five minutes. I've checked that there are no correlating trades placed within the time-frame.

The 'Original Old Beast' has very few Stop orders in the account history but the 'New Old Beast has quite a lot as it seems to dump them too quickly before giving it a good chance to fill them. Is this something else ?

Another question whilst I'm here, and it's about the 'Stealth' aspect of 'Beastie' that I am still running without Tt's. It is running great, it obviously doesn't place any stop orders thanks to the 'Stealth' aspect but I was wondering if the BE profit could be hidden from the broker when in recovery but still show the BE line on our screens ? Wishful thinking I suppose but it would be nice to keep as much hidden as possible.

Please don't shoot if I'm talking crap.
  • #806
  • Mar 8, 2011 12:52pm Mar 8, 2011 12:52pm
Hi Steve,

If I may, I'd like to suggest using version numbers to keep track of revisions made to the various EAs in the future. Evidently, it is becoming increasingly confusing to determine which version of the EA is being referenced in the recent posts.

It is a lot easier to keep track of "The Beast 3.5" as opposed to "New Old Beast" - What an oxymoron (no offense to Rascacio).

And perhaps keep all versions zipped along with a revision history in post 1 to indicate what was changed in that particular version.

Thanks and I hope my suggestion is taken as a positive contribution, which you may freely reject.
  • #807
  • Mar 8, 2011 4:27pm Mar 8, 2011 4:27pm
Quoting Rascacio
Hi Steve and co, on the 'New Old Beast' and even some of the 'Original Old Beast'...
At the mo, TOB only re-draws sixths at the start of each new H1 candle. This can easily cause a pending to be deleted and not replaced; I leave you to work out how as it will help you understand the ea. I have made about 40 pips today by trading manually when this happens.I will do something about this some time.

Quote
Another question whilst I'm here, and it's about the 'Stealth' aspect of 'Beastie' that I am still running without Tt's. It is running great, it obviously doesn't place any stop orders thanks to the 'Stealth' aspect but I was wondering if the BE profit could be hidden from the broker when in recovery but still show the BE line on our screens ? Wishful thinking I suppose but it would be nice to keep as much hidden as possible.

Please don't shoot if I'm talking crap.
I might code this some time. Not yet.

  • #808
  • Edited 4:45pm Mar 8, 2011 4:33pm | Edited 4:45pm
Quoting doc816
Hi Steve,

If I may, I'd like to suggest using version numbers to keep track of revisions made to the various EAs in the future. Evidently, it is becoming increasingly confusing to determine which version of the EA is being referenced in the recent posts.

It is a lot easier to keep track of "The Beast 3.5" as opposed to "New Old Beast" - What an oxymoron (no offense to Rascacio).

And perhaps keep all versions zipped along with a revision history in post 1...
Not entirely up with my way of thinking, are you?

OK, put yourself in my shoes.

You code the occasional ea.

From time to time.

i.e. about twice a day sometimes.

The ea's need revisions. Several a day.

You save the revisions with different version numbers.

How quickly does your hard drive run out of space?

Then try this. You have an ea. You have to upload V45 because some demented dipstick asked for a minor revision you were stupid enough to agree to make. When uploading to post 1 (quite a faff, I can tell you - keeping revisions in post 1 does nothing to ease the coder's burdon) it takes a long time to find V45. How quickly do you get pissed off and refuse to use version numbers?

  • #809
  • Mar 8, 2011 5:36pm Mar 8, 2011 5:36pm
Quoting SteveHopwood
Not entirely up with my way of thinking, are you?

OK, put yourself in my shoes.

You code the occasional ea.

From time to time.

i.e. about twice a day sometimes.

The ea's need revisions. Several a day.

You save the revisions with different version numbers.

How quickly does your hard drive run out of space?

Then try this. You have an ea. You have to upload V45 because some demented dipstick asked for a minor revision you were stupid enough to agree to make. When uploading to post 1 (quite a faff, I can tell you - keeping...
Thanks for your reply,

I completely agree with you regarding how burdensome it must be to manage so many versions of several different EAs. My intention wasn't to make your life harder while making it easy for others to enjoy the fruits of your labor, it was quite the opposite really. But, I understand your point and besides, anyone not following the threads closely enough to know what's going on, doesn't deserve these EAs anyway
  • #810
  • Mar 8, 2011 9:50pm Mar 8, 2011 9:50pm
Hi everyone,

I've been doing alot of backtesting of TOB and TOBTL going back a few years and as much as I try different settings, certain pairs always seem to blow an account or give massive drawdowns, and thats with .01 lots and a $3000 balance. I could just not trade these pairs but to me it's important to know what could have been done to minimise the damage if I were trading them.

So those of you who have been trading the beast live, at what point do you simply take a loss and move on, or alternatively hedge the trades? i.e. how do you manage pairs that just keep on trending way past your entries with no sign of slowing up.

regards,

murray
  • #811
  • Mar 8, 2011 10:57pm Mar 8, 2011 10:57pm
Quoting muzza
Hi everyone,

I've been doing alot of backtesting of TOB and TOBTL going back a few years and as much as I try different settings, certain pairs always seem to blow an account or give massive drawdowns, and thats with .01 lots and a $3000 balance. I could just not trade these pairs but to me it's important to know what could have been done to minimise the damage if I were trading them.

So those of you who have been trading the beast live, at what point do you simply take a loss and move on, or alternatively hedge the trades? i.e. how...
Could you tell me which pairs those are?
  • #812
  • Mar 8, 2011 11:45pm Mar 8, 2011 11:45pm
What I have been starting to do on my live account is look at the trend on daily charts just too see if a loosing trade will stay loosing or if there is a chance of recovery.

It is automated for most of the time but I feel as if without some oversight the draw down will kill the account, the perfect storm will happen in forex and will kill this robot that is why you never just leave a system run forever without supervision.

Thats just my 2 cents

P.S.
I have been using the Heiken Ashi Smooth indicator to signal the trends on the larger time frames.
  • #813
  • Mar 9, 2011 12:11am Mar 9, 2011 12:11am
Quoting sevenjones
Could you tell me which pairs those are?
My back testing from 1.1.2008-31.1.2011 showed that pairs such as EURJPY, GBPCHF and GBPJPY had drawdowns from 90%-100% of the account if no action was taken to bail at some point. GBPUSD was 70% and EURCAD, AUDUSD and USDCAD somewhere around 40%. Obviously you would never let these situations get even close to doing that to your real account, but I'm not sure what the best strategy is to deal with big drawdowns. Hence my question to see how others manage it.

cheers,

murray
  • #814
  • Mar 9, 2011 12:43am Mar 9, 2011 12:43am
Quoting muzza
My back testing from 1.1.2008-31.1.2011 showed that pairs such as EURJPY, GBPCHF and GBPJPY had drawdowns from 90%-100% of the account if no action was taken to bail at some point. GBPUSD was 70% and EURCAD, AUDUSD and USDCAD somewhere around 40%. Obviously you would never let these situations get even close to doing that to your real account, but I'm not sure what the best strategy is to deal with big drawdowns. Hence my question to see how others manage it.

cheers,

murray
The pairs you have listed are, except for the aud/usd and usd/cad, are some of the most extremely volatile pairs. I would never trade them at all. I was using the usd/cad but dropped it. I don't like to trade any pair containing the usd because it is just too unpredictable now, imo, what with the shape of the US economy.

Generally, I stick with the low and medium volatility crosses.
  • #815
  • Mar 9, 2011 2:17am Mar 9, 2011 2:17am
Quoting SteveHopwood
At the mo, TOB only re-draws sixths at the start of each new H1 candle. This can easily cause a pending to be deleted and not replaced; I leave you to work out how as it will help you understand the ea. I have made about 40 pips today by trading manually when this happens.I will do something about this some time.


I might code this some time. Not yet.

Thank's for your reply Steve. I've been looking at this and I think I have the reason but I'm not 100% sure. Still it's not the end of the world, I'm very happy with the way my demo's are going at the moment, it's now just a matter of sooner rather than later before I take a live account.

Many thanks once again.
  • #816
  • Mar 9, 2011 2:17am Mar 9, 2011 2:17am
Quoting doc816
Hi Steve,

If I may, I'd like to suggest using version numbers to keep track of revisions made to the various EAs in the future. Evidently, it is becoming increasingly confusing to determine which version of the EA is being referenced in the recent posts.

It is a lot easier to keep track of "The Beast 3.5" as opposed to "New Old Beast" - What an oxymoron (no offense to Rascacio).

And perhaps keep all versions zipped along with a revision history in post 1...
It is not difficult to make your own version system.

Just add the date onto each download and you create your own history. If you want to see the differences between any two versions, use something like WinMerge which is free - there are others.
  • #817
  • Edited 6:05am Mar 9, 2011 2:22am | Edited 6:05am
Quoting macman
It is not difficult to make your own version system.

Just add the date onto each download and you create your own history. If you want to see the differences between any two versions, use something like WinMerge which is free - there are others.
Yes , I use "total commander" for code comparison and version control

USDCAD's being naughty this morning
  • #818
  • Mar 9, 2011 8:33am Mar 9, 2011 8:33am
But wouldnt the SLs and the built in Money Management have prevented those run away trades that blew out the account?

Quoting muzza
My back testing from 1.1.2008-31.1.2011 showed that pairs such as EURJPY, GBPCHF and GBPJPY had drawdowns from 90%-100% of the account if no action was taken to bail at some point. GBPUSD was 70% and EURCAD, AUDUSD and USDCAD somewhere around 40%. Obviously you would never let these situations get even close to doing that to your real account, but I'm not sure what the best strategy is to deal with big drawdowns. Hence my question to see how others manage it.

cheers,

murray
Believe and Achieve!
  • #819
  • Mar 9, 2011 9:14am Mar 9, 2011 9:14am
Quoting macman
It is not difficult to make your own version system.

Just add the date onto each download and you create your own history. If you want to see the differences between any two versions, use something like WinMerge which is free - there are others.
I personally use www.quickdiff.com to compare different versions.

Steve has said in the past that a version system is a nightmare for him, so as macman suggests create your own version system. I personally append the thread post number to the version so I can always find out where it came from.
  • #820
  • Mar 9, 2011 9:14am Mar 9, 2011 9:14am
Quoting sirwolf
But wouldnt the SLs and the built in Money Management have prevented those run away trades that blew out the account?
This system doesn't use automatic SL.
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