Sixths trading - an EA by macman, Bob and Steve mk 2 | Page 44 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading the Sixths with Snowballs 68 replies

Gann High-Low System with Laguerre/Fisher/VSA/Sixths and others 124 replies

My Sixths trading journal with TOB EA 50 replies

sixths indicator 1 reply

Steve Trading Journal 3 replies

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

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

  • #861
  • Mar 10, 2011 12:31pm Mar 10, 2011 12:31pm
Quoting SteveHopwood
Can you guys do me a favour, please.

I feel for any newbie trying to work out what Recovery is all about. I know I point them to the relevant threads, but it has to confuse the hell out of most people.

I have added a full description to the User Guide, starting on page 13. Could you have a read and tell me if it makes sense, and suggest corrections if not.

Cheers


Hey Steve just read the guide for the revoery page 13 to 14 i think it was, and I think it is pretty simple and should not be that hard for people to understand. It will take some effort but if you don't want to take a few minutes to understand recovery then forget them haha
  • #862
  • Mar 10, 2011 5:14pm Mar 10, 2011 5:14pm
Steve....Your Recovery explanation looks and reads great.....Anybody who doesn't understand that is on the wrong thread and needs to be on the BabyPips thread.......Well done

whip
  • #863
  • Mar 10, 2011 5:20pm Mar 10, 2011 5:20pm
Cheers whip.

Now I have an excuse to take you to those whose posts indicate clearly that they do not understand Recovery.
  • #864
  • Mar 10, 2011 5:24pm Mar 10, 2011 5:24pm
Quoting Pippopotamus
In Strat tester, trades undergoing modification after modification(?) with virtually no elapsed time between. Nothing I have read in manual helps understand this phenom.
Maybe TOB could modify every 5 minutes, if needed. This might avoid heaps of order modifications within seconds of each other.
  • #865
  • Mar 10, 2011 5:29pm Mar 10, 2011 5:29pm
Quoting SteveHopwood
Cheers whip.

Now I have an excuse to take you to those whose posts indicate clearly that they do not understand Recovery.
Steve....You have got to assume a certain amount of knowledge if a person is on this thread........
They at least have to be able to spell Robet, Robat.....Uh Oh

whip
  • #866
  • Mar 10, 2011 5:33pm Mar 10, 2011 5:33pm
Borat? Obrot?

Damn, I looked this up sometime.

  • #867
  • Mar 10, 2011 5:35pm Mar 10, 2011 5:35pm
I know.

Robutt. Yessssssssssssssssssssssssssssss
  • #868
  • Edited 5:49pm Mar 10, 2011 5:38pm | Edited 5:49pm
Steve, Gentlemen of the thread,

I've been a lurker on this thread (and others) for some time, (in fact since the original attempts to code the NB v5.0 robot with Steve). Couple of weeks ago I decided it was time to demo TOB, re-read the thread to make sure I wasn't missing anything, downloaded the zip, got caught up in some coding on another platform, stepped out for a week or so, and came back to discover the the zipped old beast file was removed from post #1.

Can someone confirm for me - the current TOB in post#1 is now the official live trading old beast?

There are a lot of versions floating around

cheers
f451
  • #869
  • Mar 10, 2011 5:41pm Mar 10, 2011 5:41pm
Quoting f451
Steve, Gentlemen of the thread,

I've been a lurker on this thread (and others) for some time, (in fact since the original attempts to code the NB v5.0 robot with Steve). Couple of weeks ago I decided it was time to demo TOB, re-read the thread to make sure I wasn't missing anything, downlaoded the zip, got caught up in some coding on another platform, stepped out for a week or so, and came back to discover the the zipped old beast file was removed from post #1.

Can someone confirm for me - the current TOB in post#1 is now the official live trading...
Yep. As of today. Just don't blink, ok?

  • #870
  • Mar 10, 2011 5:45pm Mar 10, 2011 5:45pm
Quoting SteveHopwood
Yep. As of today. Just don't blink, ok?

Jeez Steve

A short blink while you're around and I'd have expected you to have coded *another* robot

Ta.
  • #871
  • Mar 10, 2011 5:50pm Mar 10, 2011 5:50pm
*I WILL GIVE BIRTH TO MY CHILDREN. THEY WILL TAKE OVER THE WORLD. *

Oops. Ahem. Shuffle, Shuffle. Another brief reversion to type there. Really must stop doing that or you mere mortals will begin to suspect.

Erm?

?

Yes. Definitely

  • #872
  • Edited 1:15am Mar 11, 2011 12:23am | Edited 1:15am
Steve

I just read your recovery in the manual and just want to confirm that you have written it correctly.

****
The market co-operates and begins to fall. Because your L3 trade is at double your
lot size, we double the effect of the L3 on the open basket of trades. The market falls
75 pips
▪ L1 is -125 (1 lot)
▪ L2 is - 25 (1 lot)
▪ L3 is + 150 (2 lot)

****

Should Level 3 not state +75 as you are trading double your lots meaning you actually only needs 75 pips to break even for the total of 150 it fell.

and then

****

The market co-operates and begins to fall. Because your L4 trade is at double your
lot size, we quadruple the effect of the L4 on the open basket of trades. The market
falls 75 pips
▪ L1 is -300 -225 (1 lot)
▪ L2 is -200 -125 (1 lot)
▪ L3 is -100 +50 (2 lots)
▪ L4 is + 300 (4 lots)
▪ so the position is at breakeven and can close

****

On Level 4 should it not state +134 as you are trading 4x your lots meaning (134 x 4lots = 536) and then level 3 only +34 (34 x 2 lots = 68) that equals to 604pips

for the other guys reading the post: this is based on the 1.1.2.4 recovery model
  • #873
  • Mar 11, 2011 12:32am Mar 11, 2011 12:32am
I have just read the new Recovery explanation in the manual. This is a very good explanation of the Recovery system.

Thanks Steve!
  • #874
  • Mar 11, 2011 2:24am Mar 11, 2011 2:24am
Quoting Krypty
Steve

I just read your recovery in the manual and just want to confirm that you have written it correctly.

****
The market co-operates and begins to fall. Because your L3 trade is at double your
lot size, we double the effect of the L3 on the open basket of trades. The market falls
75 pips
▪ L1 is -125 (1 lot)
▪ L2 is - 25 (1 lot)
▪ L3 is + 150 (2 lot)

****

Should Level 3 not state +75 as you are trading double your lots meaning you actually only needs 75 pips to break even for the total of 150 it fell.

and...
Cheers Krypty. I will edit the guide to turn the figures into 1 pip = 1 dollar to make my intentions clear.

  • #875
  • Mar 11, 2011 2:33am Mar 11, 2011 2:33am
I wonder if we should turn off the EA for any pairs with jpy at the moment. Japan just got smashed by a Tsunami and earthquake.
  • #876
  • Mar 11, 2011 4:34am Mar 11, 2011 4:34am
Quoting Frodog
I wonder if we should turn off the EA for any pairs with jpy at the moment. Japan just got smashed by a Tsunami and earthquake.
Did you ever see the thread at http://www.forexfactory.com/showthre...85#post3199485.

Read the first post; it explains a lot of the volatility characteristic of the xxxJPY pairs.

The Yen has risen strongly this morning. It could be BOJ intervening to protect their currency.

Newbie traders should read this as well; you will learn much about these pairs.

  • #877
  • Mar 11, 2011 5:21am Mar 11, 2011 5:21am
Quoting SteveHopwood
Yes to the arrow thingy - good idea.

Steve thanks for this, one more request please ... any chance of removing old arrows when superceeded, so only current pending / actual trades remain ?
  • #878
  • Mar 11, 2011 5:24am Mar 11, 2011 5:24am
Quoting jcs
I had a couple of the following error message, even when there appears to be no problem
Nothing in journal suggesting any failed attempts to modify etc either ?

“ Open order price mod GBPAUD ticket no xxxxx failed with error (1) : no error ”
Many of these in the fast moving periods, plus ' trade context busy ' error messages, guess bot trying to modify price quicker than MT4 allows

No doubt Steve is on the case
  • #879
  • Mar 11, 2011 5:45am Mar 11, 2011 5:45am
Quoting jcs
Many of these in the fast moving periods, plus ' trade context busy ' error messages, guess bot trying to modify price quicker than MT4 allows

No doubt Steve is on the case
He is trying to work out why Recovery is not doubling the lot sizes at L3 (1.1.2.4).

It might be worth doing a pending mod when the market has moved by a full pip. Most of us are having to put up with 5 digit wally-plonker-dipstic-cretin-crims these days.

No chance about the arrow thingy; no idea how to do it. If anyone does and can provide the code, then I will add it with pleasure.

  • #880
  • Mar 11, 2011 6:38am Mar 11, 2011 6:38am
Quoting SteveHopwood
...Most of us are having to put up with 5 digit wally-plonker-dipstic-cretin-crims these days...
The criminals on one side and their fantastic platform MT4 on the other make a powerful combination to mess up the traders.

I have a new one for you. Yesterday after loading the latest version of the Beast it sent out a pending order for AUDUSD shortly afterwards I got an error message stating: "Error: Error (1): no error"

Few minutes later the pending was executed but I was baffled as to what Error(1): no error meant. Is MT4 sending an error message stating all is well and there is no error? Does it want to reassure us that all is well?

If someone figures it out please enlighten us.

Kind regards
0 traders viewing now