Sixths trading - an EA by macman, Bob and Steve mk 2 | Page 48 | Forex Factory

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

  • #941
  • Mar 13, 2011 10:10pm Mar 13, 2011 10:10pm
Quoting SteveHopwood
Looks like the code is not watertight yet. I have two eurgbp sell trades taken within minutes/pips of one another.

Hey ho. Will get there eventually. In the meantime, the fact that this has happened on my live trading account guarantees my attention. For now, I am off to bed but will look at this later.

Steve:

I had the same problem on Friday as the TOB version prior to the one you updated on 13 March executed three GBPUSD trades within one minute of each other. The market was wild on Friday, so maybe that could have contributed to the problem.

Pete
Attached Image (click to enlarge)
Click to Enlarge Name: TOB GBPUSD Forex.com Multiple Trades.png Size: 81 KB
  • #942
  • Mar 14, 2011 5:41am Mar 14, 2011 5:41am
Re the duplicate trades thingy, nothing seems to be working with 100% reliability, so I have reinstated the duplicate mop-up function. Update in post 1.

Those of you able to can retain your settings by editing the code for yoursleves.

Go to start() and find the second line of code: CountPendingTrades();

Highlight it and copy this over the top:
Inserted Code
CountPendingTrades();
   //Mop up unwanted duplicate trades and orphaned secondaries 
   if (PendingTrades > 1) 
   {
      bool result = CleanUp();
      Sleep(10000);
      if (!result)
      {
         return;
      }//if (!result)      
   }//if (PendingTrades > 1)
then recompile.

  • #943
  • Mar 14, 2011 6:48am Mar 14, 2011 6:48am
Steve, Macman, Bob and everyone else involved in this strategy. I'd like to say a big thanks for two reasons :-

1. As of a great start to this week with 'The Beast' I've made my first £100 in trading, which for me is a massive turn around.

2. Along the way whilst following the beast its taught me a lot about trading also, and the underlying strategy.

And

One of the biggest things I think I've learned in my journey so far is correct position sizing coupled with bobs recovery system.

I'm now no longer afraid to pull the trigger, as the best entry isn't the end of the world!!! If you get it wrong recovery, then move on.

I cant thank you guys enough.

Cheers.

Also if I've missed anyone from the thank you please pass it on.

Edit and I nearly forgot - The Sixths Indi - Amazing!!!!!!!
  • #944
  • Mar 14, 2011 7:15am Mar 14, 2011 7:15am
Quoting morgb74
2. Along the way whilst following the beast its taught me a lot about trading also, and the underlying strategy.
Yes. I came across (was directed to? Can't remember) Bob's sixths thread at a time when I was ready for it. Ok, I was starting to make sense of the markets, but he provided the enlightenment I needed to progress.

I have learned so much from developing various incarnations of The Beast. Fantastic.

Now, next step in the development in the likes of you and I is to be found at
http://rapidshare.com/#!download|502l35|176975836|MARK_FISHER-The_Logical_Trader_Applying_A_Method_2The_MADNESS-www.dl4all.com.pdf|11774


This is an easy read and makes total sense. Once you have read chapters 1 & 2 you will understand what the attached script does in plotting the trading hours start and end, and the range and pivot lines. I am just reading chapter 3 now. Once I am sure the script needs no further updating, I shall ask squalou to turn it into an indi.

Have fun.

Attached File(s)
File Type: mq4 Logical Trader Price Pivot script.mq4   7 KB | 317 downloads
  • #945
  • Mar 14, 2011 7:50am Mar 14, 2011 7:50am
Quoting SteveHopwood
Yes. I came across (was directed to? Can't remember)...
Fantastic work as always. In Chapter 3 he describes a method of using his calculations for longer time frames (daily, weekly, etc), by having a running total of the last 30 days. IMHO this longer TF method may have a better application for forex market. What sets fisher`s method apart from others (Schlossberg, etc) is that he and his group of traders are and have been using this method successfully for a number of years. He says the more people us it the more powerful it becomes (which makes sense). Shame we can not trade crude oil and petrol on mt4 (our favourite platform)

Kind regards
  • #946
  • Mar 14, 2011 9:38am Mar 14, 2011 9:38am
Steve I know you've probably been very busy with lots of coding but is the pending order/cancelled/replaced fix in the chaserL on page1? If not can I make a request for it?


I should mention I started running beastie on live fxcm last week. Hauled in more pips than TOB. Suspectiously my platform has refused to work since this next week began by giving endless old tick errors. Criminals at work again?
  • #947
  • Mar 14, 2011 9:44am Mar 14, 2011 9:44am
Quoting obnoxious2
...Suspectiously my platform has refused to work since this next week began by giving endless old tick errors. Criminals at work again?
Hi

Just to let you know after going through 8 criminals fxcm is the worst one when it comes to mt4. I do not know if they have cleaned up their act since last year but I found them to be very bad in particular with EAs and during peak periods and news time.
Kind Regards
  • #948
  • Mar 14, 2011 9:46am Mar 14, 2011 9:46am
Quoting astral77
Hi

Just to let you know after going through 8 criminals fxcm is the worst one when it comes to mt4. I do not know if they have cleaned up their act since last year but I found them to be very bad in particular with EAs and during peak periods and news time.
Kind Regards
Thanks for the headsup astral! Yeah I have an ibfx account and decided to open one with fxcm. Of your 8 crim experience which ones would you recommend? I was looking at trying with MIG bank for 500:1 leverage possiblity but their MT4 platform was completely shady in the fact that no EAs would ever execute a trade.
  • #949
  • Mar 14, 2011 9:47am Mar 14, 2011 9:47am
Quoting obnoxious2
Steve I know you've probably been very busy with lots of coding but is the pending order/cancelled/replaced fix in the chaserL on page1?
Yes.

  • #950
  • Mar 14, 2011 9:55am Mar 14, 2011 9:55am
Hi Steve,

I'm only new to the beast and haven't been trading it all that long, but i have a suggestion that seems logical to me but maybe hasn't been mentioned anywhere yet, or else is just too hard to implement?

When recovery has kicked in on a pair and the trades are headed for profit or B/E+20 etc, once the trades have hit their breakeven plus a user defined amount of pips would it be possible for TOB to set a trailing stop (line?) starting at the overall breakeven point and then trail this line in order to catch bigger moves when using recovery?

To me it makes sense to lock in B/E as soon as possible in recovery situations where there are 2-3 trades, but if I just aim for B/E it doesn't really compensate me very well for the drawdown, however if TOB could lock in B/E as soon as possible and then simply ride any move back towards the middle of the chart that would also give opportunities to make good profits.

Correct me if I'm mistaken, it just seems to me to be the best of both worlds.

Regards,

Murray.
  • #951
  • Mar 14, 2011 10:08am Mar 14, 2011 10:08am
Quoting muzza
Hi Steve,

I'm only new to the beast and haven't been trading it all that long, but i have a suggestion that seems logical to me but maybe hasn't been mentioned anywhere yet, or else is just too hard to implement?

When recovery has kicked in on a pair and the trades are headed for profit or B/E+20 etc, once the trades have hit their breakeven plus a user defined amount of pips would it be possible for TOB to set a trailing stop (line?) starting at the overall breakeven point and then trail this line in order to catch bigger moves when using recovery?

To...
This rings a bell, so maybe someone has suggested it previously. I vaguely remember thinking it sounds like a good idea, then forgot about it.

Let me give it some thought.

  • #952
  • Mar 14, 2011 10:53am Mar 14, 2011 10:53am
Quoting obnoxious2
Thanks for the headsup astral! Yeah I have an ibfx account and decided to open one with fxcm. Of your 8 crim experience which ones would you recommend?...
As Steve says they are all criminals. The ones I have had the least problems with are ibfx, fxdd & forex.com, fxsol (in that order, fxsol has high spreads on some pairs). If I had to choose would be ibfx and fxdd. DO NOT TOUCH CYPRUS ONES UNDER ANY CIRCUMSTANCES.

Kind Regards
  • #953
  • Mar 14, 2011 1:53pm Mar 14, 2011 1:53pm
I just realised what causes the 'invalid ticket' error whe TOB tries to break even at gold. It first looks to see if CloseAtGold is enabled and if so, closes the trade. Then it tries to move the stop of a closed trade.

This is nothing to worry about, so ignore it for now. I will add a fix in the next update.

Those of you who can, go to void TradeManagementModule() and find this line of code:
Inserted Code
if (CloseTradeAtGold && profit > 0) CloseAtGold();
Add this underneath and re-compile:
Inserted Code
if (!OrderSelect(TicketNo, SELECT_BY_TICKET) || OrderCloseTime() > 0) return;
  • #954
  • Mar 14, 2011 3:09pm Mar 14, 2011 3:09pm
Quoting SteveHopwood
I just realised what causes the 'invalid ticket' error whe TOB tries to break even at gold. It first looks to see if CloseAtGold is enabled and if so, closes the trade. Then it tries to move the stop of a closed trade.

Steve:

I think the same or similar problem is affecting the latest version of Beastie that you just posted. I am getting a flood of the following log entries:

"Beastie EURAUD,H1: Alert: Beastie setting of breakeven SL EURAUD ticket no 3934617 failed with error (130): invalid stops"

I mention it here because you identified this problem first with TOB.

Pete
  • #955
  • Mar 14, 2011 5:20pm Mar 14, 2011 5:20pm
I expanded my traded pairs from five to twelve but haven't got any trades yet this week.
  • #956
  • Mar 14, 2011 5:39pm Mar 14, 2011 5:39pm
Quoting sevenjones
I expanded my traded pairs from five to twelve but haven't got any trades yet this week.
You will eventually start to take notice of me and what I have told you about trading this robot. Until you do, do not expect a lot of success.

Hint hint clue clue hint.

This robot is not a trading tart.

Shall I buy a bludgeon?

  • #957
  • Mar 14, 2011 5:49pm Mar 14, 2011 5:49pm
Quoting ForexPete
Steve:

I think the same or similar problem is affecting the latest version of Beastie that you just posted. I am getting a flood of the following log entries:

"Beastie EURAUD,H1: Alert: Beastie setting of breakeven SL EURAUD ticket no 3934617 failed with error (130): invalid stops"

I mention it here because you identified this problem first with TOB.

Pete
Please see my latest comment in the Beastie thread.

  • #958
  • Mar 14, 2011 7:14pm Mar 14, 2011 7:14pm
Hello
Thanks to steve to let me post here, i'm very pleased to be part of the beast family

1. Regarding the recovery trail:

Quoting muzza
Hi Steve,

I'm only new to the beast and haven't been trading it all that long, but i have a suggestion that seems logical to me but maybe hasn't been mentioned anywhere yet, or else is just too hard to implement?

When recovery has kicked in on a pair and the trades are headed for profit or B/E+20 etc, once the trades have hit their breakeven plus a user defined amount of pips would it be possible for TOB to set a trailing stop (line?) starting at the overall breakeven point and then trail this line in order to catch bigger moves when using recovery?

To...
I'm using it in the nanningbob system, actually with manual intervention and found it very interesting.
I wrote a similar post in the nb thread:

http://www.forexfactory.com/showpost...postcount=3696

Sometimes after setting be+10 i got another 50-60+ pips and because we are in recovery and we have double lot size the profit is huge and risk free because we have already achieved breakeven.

2. Regarding the beast I got another idea for the trail loss that i'm actually using in a manual way.
I found that the jumping stop or trail stop don't suit me very well..
I'm using a be+30 at 40 pips like nanningbob recommend on the nb system but after that i trail using the last candle low.
This sometimes let me chatch big movement without having to pray that the jumping stop is hit.
When a new candle is open, a simply move the stop loss on the low of the previous candle, until the sl is hit.
Wonder if it's possible to code it into the beast

3. I have upgraded my beast version on the live account to the last one, but the re-entry is stuck on 50 pips on every pair is use.
Broker is activetrades and is a 4 digit criminal, volatility is in the minor case 4 and in the maximum case 12.
any suggestions?

Thanks again to le me in
  • #959
  • Mar 14, 2011 7:20pm Mar 14, 2011 7:20pm
Quoting SteveHopwood
You will eventually start to take notice of me and what I have told you about trading this robot. Until you do, do not expect a lot of success.

Hint hint clue clue hint.

This robot is not a trading tart.

Shall I buy a bludgeon?

I have taken notice, and actually my tests have been good. And I made about 2% last week on demo.

I'm just trying different pairs.
  • #960
  • Mar 15, 2011 4:22am Mar 15, 2011 4:22am
Quoting SteveHopwood
I
Those of you who can, go to void TradeManagementModule() and find this line of code:
Inserted Code
if (CloseTradeAtGold && profit > 0) CloseAtGold();
Add this underneath and re-compile:
Inserted Code
if (!OrderSelect(TicketNo, SELECT_BY_TICKET) || OrderCloseTime() > 0) return;
Dear Steve:

In the sentence

if (!OrderSelect(TicketNo, SELECT_BY_TICKET) || OrderCloseTime() > 0) return;


I thinks the first part of the sentence (in red) is always true because there is no number of ticket to make the selection by ticket: the sentence, will always be true, and ever will produce return.

It will be better to let only the second part as:


if ( OrderCloseTime() > 0) return;

Thanks


José Luis
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