Sixths trading - an EA by macman, Bob and Steve mk 2 | Page 56 | Forex Factory

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

  • #1,101
  • Mar 17, 2011 7:57pm Mar 17, 2011 7:57pm
Quoting SteveHopwood
Hmmmmm. It should have shut down UC as well if it shut down the rest.

Isn't it going to let an ongoing recovery to continue? It should....FTLR does
  • #1,102
  • Mar 17, 2011 8:02pm Mar 17, 2011 8:02pm
Quoting hiredwhip
Isn't it going to let an ongoing recovery to continue? It should....FTLR does
No. It stops trading stone dead, apart from hedging. Or should. It damn well better, given where I have placed it in the program.

  • #1,103
  • Mar 17, 2011 8:05pm Mar 17, 2011 8:05pm
Quoting SteveHopwood
No. It stops trading stone dead, apart from hedging. Or should. It damn well better, given where I have placed it in the program.

FTLR Lets the recovery continue as long as you have margin....We got into that once before when FTLR shut down a recovery on me and you changed it...I'm at L2 on FTLR....EURCHF and the recovery is in progress, I just checked....
  • #1,104
  • Mar 17, 2011 8:08pm Mar 17, 2011 8:08pm
Quoting hiredwhip
FTLR Lets the recovery continue as long as you have margin....We got into that once before when FTLR shut down a recovery on me and you changed it...
The whole point of the filters here is to protect the account from further trading when the available margin has dropped to unacceptable levels. It has to stop trading immediately, or Recovery runs the risk of blowing the account. If ftlr scoobs does not work this way, then it needs to.

  • #1,105
  • Mar 17, 2011 8:11pm Mar 17, 2011 8:11pm
Quoting SteveHopwood
The whole point of the filters here is to protect the account from further trading when the available margin has dropped to unacceptable levels. It has to stop trading immediately, or Recovery runs the risk of blowing the account. If ftlr scoobs does not work this way, then it needs to.

Steve....You have a margin check on it...I'm looking at FTLR now getting ready to close out that recovery....IMHO it should as long as you have margin
  • #1,106
  • Mar 17, 2011 8:17pm Mar 17, 2011 8:17pm
Quoting hiredwhip
Steve....You have a margin check on it...I'm looking at FTLR now getting ready to close out that recovery....IMHO it should as long as you have margin
Getting ready to close out a recovery is fine in fact the tp's should take care of that. It is getting into further Recovery trades when the margin is dropping to unacceptable levels that the filters are all about.

  • #1,107
  • Mar 17, 2011 8:20pm Mar 17, 2011 8:20pm
Quoting SteveHopwood
Getting ready to close out a recovery is fine in fact the tp's should take care of that. It is getting into further Recovery trades when the margin is dropping to unacceptable levels that the filters are all about.

Steve, The Scoobs filter only lets you have one trade running until you get your acc up.....As long as it stays above 1000% margin it will let you run...
  • #1,108
  • Edited 8:57pm Mar 17, 2011 8:24pm | Edited 8:57pm
jointly to stem sharply rising Yen. Reuters, about an hr ago. http://www.reuters.com/article/2011/...72H03U20110318
Vincit qui se vincit.
  • #1,109
  • Mar 17, 2011 8:25pm Mar 17, 2011 8:25pm
Quoting hiredwhip
Steve, The Scoobs filter only lets you have one trade running until you get your acc up.....As long as it stays above 1000% margin it will let you run...
Sorry, but I do not understand.

What is the use of a filter that allows a trade at, say, 1% above a margin call?

  • #1,110
  • Mar 17, 2011 8:27pm Mar 17, 2011 8:27pm
Quoting Pippopotamus
jointly to stem sharply rising Yen. Reuters, about an hr ago. Pulled my Short G/J. http://www.reuters.com/article/2011/...72H03U20110318
That explains a lot. Nice one, Pippo.

  • #1,111
  • Mar 17, 2011 8:36pm Mar 17, 2011 8:36pm
Quoting SteveHopwood
Sorry, but I do not understand.

What is the use of a filter that allows a trade at, say, 1% above a margin call?

Steve, I have had a trade at L4 (1) and it was still within the 1000% Margin level because there was only 1 trade running.....FTLR just closed out the EURCHF recovery and Scoobs released all the pairs.....3 pendings and it's ready to go again
  • #1,112
  • Mar 17, 2011 9:09pm Mar 17, 2011 9:09pm
Quoting Pippopotamus
jointly to stem sharply rising Yen. Reuters, about an hr ago. http://www.reuters.com/article/2011/...72H03U20110318
Lookjs like ditching that GJ sell was A Good Plan.

Anyone here have the BOS to take out a decent UJ buy? I have taken a toe-dipping 0.01 trade. Frankly, I am just glad to see the dd dropping.

  • #1,113
  • Mar 17, 2011 9:17pm Mar 17, 2011 9:17pm
Yesterday evening ( in India) I took both these longs and closed them just now.
+ 600 pips (approx). Manual trade of course (on live a/c).
  • #1,114
  • Mar 17, 2011 9:25pm Mar 17, 2011 9:25pm
Quoting vinesh
Yesterday evening ( in India) I took both these longs and closed them just now.
+ 600 pips (approx). Manual trade of course (on live a/c).
Fantastic. What can we say except
  • #1,115
  • Mar 17, 2011 9:29pm Mar 17, 2011 9:29pm
Quoting SteveHopwood
Fantastic. What can we say except
It is called 'good luck of a stupid person'. Nobody in their right minds would take these trades under these circumstances AND GO TO SLEEP AT NIGHT.

Oh btw I have blown 3 live a/c already, so according your definition I've become a 'veteran trader'.
  • #1,116
  • Mar 17, 2011 9:29pm Mar 17, 2011 9:29pm
Few Hours ago I wrote in NB thread that we should have taken azjeff`s advice and liqudated our positions, however, since we did not do that we have to wait weeks maybe months for the trades to breakeven. I am watching my SLs closely since I have trades with this BOt as well as FTLR and NB version 5. G7 made my day.

Kind Regards
PS After this all Eas are off line with exception of BJ.
  • #1,117
  • Mar 17, 2011 9:35pm Mar 17, 2011 9:35pm
Quoting vinesh
It is called 'good luck of a stupid person'. Nobody in their right minds would take these trades under these circumstances AND GO TO SLEEP AT NIGHT.

Oh btw I have blown 3 live a/c already, so according your definition I've become a 'veteran trader'.
Yep. You definitely acquire veteran status.

As to the good luck thingy, I figure we make our own and hanging on in there and learning.....and learning........and learning...........

  • #1,118
  • Mar 17, 2011 9:47pm Mar 17, 2011 9:47pm
Quoting vinesh
It is called 'good luck of a stupid person'. Nobody in their right minds would take these trades under these circumstances AND GO TO SLEEP AT NIGHT.
Oh btw I have blown 3 live a/c already, so according your definition I've become a 'veteran trader'.
Hello Sir

You had the insight to know that such free fall could not be sustained, By the way I think I recall one of your blown accounts. It was around last year this time you asked Scoobs in the BOJ thread what to do with $40 or $60 (I can not recall the exact amount) left in your account. His reply was that you should consider the account blown. We do miss scoobs at times like this.

Kind Regards
  • #1,119
  • Mar 17, 2011 9:51pm Mar 17, 2011 9:51pm
What a night - here in the UK it is silly-time AM.

Earlier today my dd was over 20%. My cadjpy trio of L3 Recovery trades were at over -$100.

Courtesy of the G7, I have just closed this manually at just under +$3. Is that a turn-around, or what? I have left profits on the table but I don't care; I just want to go to bed with this particular group safely in the hutch.

This leaves my $1615 account with a dd of c. $140 and a margin percent of 1685% - double what it was when I took all the ea's off the charts and cancelled the L4's that were stacking up.

So, off to bed now. Can't imagine doing much in the way of live trading tomorrow, apart from that 0.01 UJ buy I took out earlier.

What a turn around. Stunning.

  • #1,120
  • Mar 18, 2011 4:08am Mar 18, 2011 4:08am
Quoting ForexPete
Steve:

I also want to check to see if you have fixed the pip separation issue raised by Jose/Luis to keep second and recovery trades apart better, using the solid, rather than the dashed, magenta lines to determine trade separtion. I don't remember seeing something about that fix. I saw one GBPJPY second trade yesterday open only 35 pips from the first, but that could have been caused by the spread at the time. I was too busy making manual salvage trades to notice what it was.

Pete
Dear Steve, ForexPete:

I think one of the possible solutions for the separation issue will be as follows:

First, declare two general variables:

double MinBuyPrice, MinSellPrice;

Second, create the following module:


void MinPriceEntry()
{
CalculateReEntryLinePips();
//Find the most recent trade in the sequence and calculate minimum prices for reentry

for (int cc = OrdersTotal() - 1; cc >= 0; cc--)
{
if (OrderSelect(cc, SELECT_BY_POS, MODE_TRADES) )
{
if (OrderSymbol() == Symbol())
{

if (OrderType() == OP_BUY) MinBuyPrice =(NormalizeDouble(OrderOpenPrice() - (ReEntryLinePips * Point), Digits));
if (OrderType() == OP_SELL) MinSellPrice =(NormalizeDouble(OrderOpenPrice() + (ReEntryLinePips * Point), Digits) );
return;
}//if (OrderSymbol() == Symbol()

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

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

}//void MinPriceEntry()


Third, modify CalculateTrades() as follows:

void CalculateTrades()
{
double target;
bool TradingAllowed = IsTradingAllowed();
if (!TradingAllowed) return;


double SendLots = Lot;
//Using 1.1.2.4 recovery
if (RecoveryInProgress)
{
if (OpenTrades == 2)
{
SendLots = Lot * 2;
if (Use1.1.3.3Recovery) SendLots = Lot * 3;
}//if (OpenTrades == 2)

if (OpenTrades == 3)
{
SendLots = Lot * 4;
if (Use1.1.3.3Recovery) SendLots = Lot * 3;
}//if (OpenTrades == 3)

if (OpenTrades == 3) return;//No further trading is possible


}//if (RecoveryInProgress)

double ReEntryLineVal = ObjectGet(reentrylinename, OBJPROP_PRICE1);

double stop;
//Sell
target = NormalizeDouble(TopLine - (PipsBufferFromTradeLine * Point), Digits);

if ((Bid >= target || Bid > HalfTopLine && High[1] >= TopLine) && TradeShort)
{
MinSellPrice=0;
MinPriceEntry();
if (MinSellPrice > HalfTopLine && MinSellPrice > 0) return;

if (ReEntryLineVal > 0)
{
if (Bid < ReEntryLineVal) return;
if (HalfTopLine < ReEntryLineVal) return;
}//if (ReEntryLineVal > 0)

if (!DoesTradeExist(HalfTopLine) )
{
if (UseStopLoss) stop = CalculateStop(HalfTopLine, OP_SELL);
while(IsTradeContextBusy()) Sleep(100);
bool result = SendSingleTrade(OP_SELLSTOP, " ", SendLots, HalfTopLine, stop, 0, 0);
//if (result && !RecoveryInProgress && UseTplTp) DrawTakeProfitLine(OP_SELL);
}//if (!DoesTradeExist(TopGoldLine) )

if (result) AddReEntryLine(NormalizeDouble(HalfTopLine + (ReEntryLinePips * Point), Digits) );
//if (!result) return;

}//if (Bid >= target && Primary_trades && TradeShort)


//Buy
stop = 0;

target = NormalizeDouble(BottomLine + (PipsBufferFromTradeLine * Point), Digits);
if ((Ask <= target || Ask < HalfBottomLine && Low[1] <= BottomLine) && TradeLong)
{
MinBuyPrice=0;
MinPriceEntry();
if (MinBuyPrice < HalfBottomLine && MinBuyPrice > 0) return;

if (ReEntryLineVal > 0)
{
if (Ask > ReEntryLineVal) return;
if (HalfBottomLine > ReEntryLineVal) return;
}//if (ReEntryLineVal > 0)


if (!DoesTradeExist(HalfBottomLine) )
{
if (UseStopLoss) stop = CalculateStop(HalfBottomLine, OP_BUY);
while(IsTradeContextBusy()) Sleep(100);
result = SendSingleTrade(OP_BUYSTOP, " ", SendLots, HalfBottomLine, stop, 0, 0);
//if (result && !RecoveryInProgress && UseTplTp) DrawTakeProfitLine(OP_BUY);
}//if (!DoesTradeExist(HalfBottomLine) )

if (result) AddReEntryLine(NormalizeDouble(HalfBottomLine - (ReEntryLinePips * Point), Digits) );
//if (!result) return;

}//if (Ask <= target && Primary_trades && TradeLong)

}//End void CalculateTrades()



This code is not watertight, and I think it must be analized the implications of this modification.

Thanks


José Luis
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