Sixths trading - an EA by macman, Bob and Steve mk 2 | Page 49 | Forex Factory

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

  • #961
  • Mar 15, 2011 4:53am Mar 15, 2011 4:53am
Quoting Forexjlcg
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
Cheers. It is there for a 'just in case' scenario. Just in case the user has closed the trade manually for example. Not very likely, but you never know.

  • #962
  • Mar 15, 2011 5:00am Mar 15, 2011 5:00am
Quoting SteveHopwood
Cheers. It is there for a 'just in case' scenario. Just in case the user has closed the trade manually for example. Not very likely, but you never know.


Steve, I think this sentence will always be executed because the TicketNo is used for pending orders, never for open or closed trades.

Thanks


José Luis
  • #963
  • Mar 15, 2011 5:26am Mar 15, 2011 5:26am
Dear Steve:

I have noted that the third open trades in recovery are very near the seconds (not more than 100 hundred points, often no more than fifty) that it because the reentryline line is calculated using the HalfBottomLine and the HalfTopLine. I think it will have more room if we use the TopLine and the BottomLine.

What do you think?

Thanks


José Luis
  • #964
  • Mar 15, 2011 5:27am Mar 15, 2011 5:27am
Quoting Forexjlcg
Steve, I think this sentence will always be executed because the TicketNo is used for pending orders, never for open or closed trades.

Thanks


José Luis
Dead right as usual. Thanks.

I have put this fix in a post 1 update. It is only intended to stop annoying alerts, so it is not an essential download.

  • #965
  • Mar 15, 2011 5:46am Mar 15, 2011 5:46am
Quoting Forexjlcg
Dear Steve:

I have noted that the third open trades in recovery are very near the seconds (not more than 100 hundred points, often no more than fifty) that it because the reentryline line is calculated using the HalfBottomLine and the HalfTopLine. I think it will have more room if we use the TopLine and the BottomLine.

What do you think?

Thanks


José Luis

Dear Steve:

I think when in recovery the bot must always use the following function to calculate the reentry, not the sixths lines, because i am having the problem mentioned above.

void ReplaceReEntryLine()
{
//Find the most recent trade in the sequence and replace the missing re-entry line

for (int cc = OrdersTotal() - 1; cc >= 0; cc--)
{
if (OrderSelect(cc, SELECT_BY_POS, MODE_TRADES) )
{
if (OrderSymbol() == Symbol())
{
if (OrderType() == OP_BUY) AddReEntryLine(NormalizeDouble(OrderOpenPrice() - (ReEntryLinePips * Point), Digits) );
if (OrderType() == OP_SELL) AddReEntryLine(NormalizeDouble(OrderOpenPrice() + (ReEntryLinePips * Point), Digits) );
return;
}//if (OrderSymbol() == Symbol() && OrderCloseTime() == 0)

}//if (OrderSelect(cc, SELECT_BY_POS) )

}//for (cc = OpenTrades; cc >= 0; cc--)


Thanks


EDIT: I think this function must be used to calculate the minimum distance between trades.
José Luis
  • #966
  • Mar 15, 2011 7:07am Mar 15, 2011 7:07am
Hi Steve and co, I've noticed, for the first time that I have two 'Buy Stops' for 0.02 AUDJPY showing in the trade terminal, barely 1 pips apart but placed 1 hour apart. Only one is actually showing on the chart. It's probably something to do with pending order deletion but I don't know what. I just thought I'd mention it as an observation.

The markets have gone bananas today with a couple of trades in recovery with 0.04 sized lots, so this appears to be working so far. This will give TOB a real work out I reckon !!
  • #967
  • Mar 15, 2011 7:18am Mar 15, 2011 7:18am
Quoting Rascacio
Hi Steve and co, I've noticed, for the first time that I have two 'Buy Stops' for 0.02 AUDJPY showing in the trade terminal, barely 1 pips apart but placed 1 hour apart. Only one is actually showing on the chart. It's probably something to do with pending order deletion but I don't know what. I just thought I'd mention it as an observation.

The markets have gone bananas today with a couple of trades in recovery with 0.04 sized lots, so this appears to be working so far. This will give TOB a real work out I reckon !!
I think it was probably a platform thing at my end. I eventually noticed that the Magenta sixths were not moving with the price, but only on this pair - very strange ! I deleted the oldest pending and the sixths recalculated and looks to be behaving normally again.
  • #968
  • Mar 15, 2011 8:22am Mar 15, 2011 8:22am
The insane markets have left me with a shed-load of Recovery trades, dd at just over 10% and a margin level in the 830%'s.

Three of the Recovery trades are at L3, so I do not really want L4 whilst the markets appear to be determinedly heading in one direction only, so the attached puts a stop on L4 Recovery trades. Use it if you are concerned about your live account. I am not worried about mine, but do not want the margin level dropping to the 500's, which it would approach for sure with some L4 trades.

I have taken TOB off all the pairs that do not have a trade open. Today is looking like a good one to sit out unless you are an experienced manual trader who knows what you are doing. I will monitor the situation and hedge the worst trades if the margin level gets below 500%. I do not expect it to, but you can never tell with forex.

Those of you with the ability can make the temporary change for yourselves should you wish to. Go to void CalculateTrades() and find
Inserted Code
if (OpenTrades == 4) return;//No further trading is possible

Change this to
Inserted Code
if (OpenTrades == [color=Red]3[/color]) return;//No further trading is possible
and recompile. Remember to change back when the markets start behaving themselves better.

Attached File(s)
File Type: mq4 The Old Beast temporary.mq4   97 KB | 240 downloads
  • #969
  • Mar 15, 2011 8:29am Mar 15, 2011 8:29am
Quoting SteveHopwood
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...

Just hitting chapter 3 now - very very interesting concepts here and so simple its unreal, everyone should really read this book, I cant believe this guy kept his system pretty basic for years.

I can now see the script you attached for the open ranges (A up and downs) plus the pivot buffer also, very nice

So many ideas could be implemented from that Steve. (put your script on today's 15 min chart for gbp/jpy).

anyway s onto to chapter III for me..........:nerd:
  • #970
  • Mar 15, 2011 8:31am Mar 15, 2011 8:31am
Quoting morgb74
Just hitting chapter 3 now - very very interesting concepts here and so simple its unreal, everyone should really read this book, I cant believe this guy kept his system pretty basic for years.

I can now see the script you attached for the open ranges (A up and downs) plus the pivot buffer also, very nice

So many ideas could be implemented from that Steve. (put your script on today's 15 min chart for gbp/jpy).

anyway s onto to chapter III for me..........:nerd:
There is a signals-generating ea on its way soon.

  • #971
  • Mar 15, 2011 8:37am Mar 15, 2011 8:37am
Quoting SteveHopwood
The insane markets have left me with a shed-load of Recovery trades, dd at just over 10% and a margin level in the 830%'s...
Thanks very much. Very sensible thing to do. The markets are just going crazy today. You would expect anything connected to japan to be out of sync but what about the others!!! As luck would have it I just increased my lot sizes from 10 cents to 20 cents on Monday. However, my experience with NB system has come in useful in such situations. At times like this I realy feel for the unlucky few who have just started trading the system. At least with us we are relaxed knowing our profits are covering our DD and what goes down must come up. I hope everyone keeps their cool and a/c balance.

Kind Regards
  • #972
  • Mar 15, 2011 8:48am Mar 15, 2011 8:48am
Quoting astral77
Thanks very much. Very sensible thing to do. The markets are just going crazy today. You would expect anything connected to japan to be out of sync but what about the others!!! As luck would have it I just increased my lot sizes from 10 cents to 20 cents on Monday. However, my experience with NB system has come in useful in such situations. At times like this I realy feel for the unlucky few who have just started trading the system. At least with us we are relaxed knowing our profits are covering our DD and what goes down must come up. I hope everyone...
I am exposed to cadjpy (L3) and The Psychotically Deranged. The good thing is the GJ are sells that hedged buys a long time ago and have been a nuisance ever since. I have been able to lock in +100 on one of them, so it cannot turn into a loser if the two of them together cannot make it to breakeven.

One of my non-Recovery trades just closed, so that is one that will not have a fainting fit.

  • #973
  • Mar 15, 2011 8:49am Mar 15, 2011 8:49am
Quoting SteveHopwood
The insane markets have left me with a shed-load of Recovery trades, dd at just over 10% and a margin level in the 830%'s.

Three of the Recovery trades are at L3, so I do not really want L4 whilst the markets appear to be determinedly heading in one direction only, so the attached puts a stop on L4 Recovery trades. Use it if you are concerned about your live account. I am not worried about mine, but do not want the margin level dropping to the 500's, which it would approach for sure with some L4 trades.

I have taken TOB off all the pairs that...
Hi Steve,
Heck of a rain storm here this AM......I've got a little extra time.....
I have fallen in love with the Scoobs filter on FTLR....IMHO it might be a good addition to TOB for market days just like this....

Have a great day

whip
  • #974
  • Mar 15, 2011 8:51am Mar 15, 2011 8:51am
Quoting hiredwhip
Hi Steve,
Heck of a rain storm here this AM......I've got a little extra time.....
I have fallen in love with the Scoobs filter on FTLR....IMHO it might be a good addition to TOB for market days just like this....

Have a great day

whip
I will add it.

  • #975
  • Mar 15, 2011 9:01am Mar 15, 2011 9:01am
Hello Astral,

Japan is the 3rd largest national economy in the world. Japan has an affect on almost every part of the world. I am out of the markets all together until the crisis in Japan gets better which the way it is going maybe a long time. This is just a suggestion to everyone, keep informed as to what is happening in the world because it can affect you wherever you are.

Regards,
Jeff

Quoting astral77
Thanks very much. Very sensible thing to do. The markets are just going crazy today. You would expect anything connected to japan to be out of sync but what about the others!!! As luck would have it I just increased my lot sizes from 10 cents to 20 cents on Monday. However, my experience with NB system has come in useful in such situations. At times like this I realy feel for the unlucky few who have just started trading the system. At least with us we are relaxed knowing our profits are covering our DD and what goes down must come up. I hope everyone...
  • #976
  • Mar 15, 2011 9:01am Mar 15, 2011 9:01am
Quoting SteveHopwood
There is a signals-generating ea on its way soon.

I had a funny feeling you'd say that
  • #977
  • Mar 15, 2011 9:04am Mar 15, 2011 9:04am
Quoting SteveHopwood
I will add it.

Thanks Steve,
If Scoobs works half as well on TOB as it does on FTLR it will help.....Lets you run a great selection of pairs and keeps you out of trouble in the middle of the night when you are sound asleep....
  • #978
  • Mar 15, 2011 10:09am Mar 15, 2011 10:09am
It has been a funny old day so far. Amongst all the fire and fury in the markets, I have made 183 pips today, and 370 since the markets opened on Sunday night.

One of my Recovery groups just closed, so the margin level is back over 1000%; this is where I prefer it to remain.

I would be perfectly happy with 370 pips for the entire week, so I am inno hurry to restart TOB on the remaining charts. I am leaving the no-L4 in place for now.

  • #979
  • Edited 10:57am Mar 15, 2011 10:43am | Edited 10:57am
At one point I was $400 in DD. Now, an hour and a half later, things have calmed down and I'm just about BE. I know for certain, if I had been doing this on my own I would have been severely harmed. Watching TOB help me out was a wonderful thing.

Now, out to the hangar. Please mind the store while I'm away.
  • #980
  • Mar 15, 2011 11:01am Mar 15, 2011 11:01am
Quoting MurphyMan
At one point I was $400 in DD. Now, an hour and a half later, things have calmed down and I'm just about BE. I know for certain, if I had been doing this on my own I would have been severely harmed. Watching TOB help me out was a wonderful thing.
Yes. Quite a lot of us have Bob to thank for a lot of good things.

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