Sixths trading - an EA by macman, Bob and Steve mk 2 | Page 65 | Forex Factory

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

  • #1,281
  • Mar 28, 2011 12:14am Mar 28, 2011 12:14am
Quoting hiredwhip
Click on fxbook link then general tab for info
Thanks whip.... too many tabs, didn't see that one before.... Cheers
  • #1,282
  • Mar 28, 2011 2:32am Mar 28, 2011 2:32am
Good morning all. I've just started a live account with TOB and I am wondering if anyone an tell me why the bar count and volatility levels between the demo and live are so different on some pairs ie AUDJPY for example. Demo Volatility =143000 and Bar count = 147 and Live Volatility = 1420 and Bar count =150

Please forgive my ignorance but it is my first live account using an EA and I am curious.
  • #1,283
  • Mar 28, 2011 2:49am Mar 28, 2011 2:49am
Quoting Rascacio
Good morning all. I've just started a live account with TOB and I am wondering if anyone an tell me why the bar count and volatility levels between the demo and live are so different on some pairs ie AUDJPY for example. Demo Volatility =143000 and Bar count = 147 and Live Volatility = 1420 and Bar count =150

Please forgive my ignorance but it is my first live account using an EA and I am curious.

Hi it will all depend on the feed of your broker. Some brokers data feed differ completely on live compared to their demo.
The Kamakazi
  • #1,284
  • Mar 28, 2011 3:20am Mar 28, 2011 3:20am
Quoting Bl888
Hi it will all depend on the feed of your broker. Some brokers data feed differ completely on live compared to their demo.
thanks for your reply. Yes I understand that the feeds/prices vary a bit from live to demo, and mine are pretty much the same give or take a pip or so but in the example I gave there seems to be 2 extra '0' in the volatility and an less 3 bars to the count. Just curious more than anything as we have to work with what we are presented with.
  • #1,285
  • Mar 28, 2011 4:04pm Mar 28, 2011 4:04pm
4 nice trades today all closed out :-

gbpusd
usdchf
eurchf
eurgbp

long live the beast!
  • #1,286
  • Mar 28, 2011 6:09pm Mar 28, 2011 6:09pm
Quoting morgb74
4 nice trades today all closed out :-

gbpusd
usdchf
eurchf
eurgbp

long live the beast!
I got the first three as well. TOB also turned down eurgbp because I have recovery groups open and to have taken it at the time would have breeched the latest safety filters.

Lookin' good.

  • #1,287
  • Mar 28, 2011 6:20pm Mar 28, 2011 6:20pm
Classic example of manual intervention for the newbs here.

TOB took the sell several hours ago - you cannot see exactly where because I am writing this from my coding machine, but the trade was taken from my trading machine.

Several hours later, the market has gone nowhere. The D! RSI indicates the market is actually moving upwards. I closed the trade at +6.

Better +6 now than +20 in two months time, after reaching L4 Recovery.

Ok, I have closed the trade now, so everyone pile in with a sell. The market is about to crash and burn.

Attached Image (click to enlarge)
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  • #1,288
  • Mar 28, 2011 6:33pm Mar 28, 2011 6:33pm
Quoting SteveHopwood
I got the first three as well. TOB also turned down eurgbp because I have recovery groups open and to have taken it at the time would have breeched the latest safety filters.

Lookin' good.

My vote is in, this one will work......and work well!!!

whip
  • #1,289
  • Mar 28, 2011 6:33pm Mar 28, 2011 6:33pm
Quoting SteveHopwood
Classic example of manual intervention for the newbs here.

TOB took the sell several hours ago - you cannot see exactly where because I am writing this from my coding machine, but the trade was taken from my trading machine.

Several hours later, the market has gone nowhere. The D! RSI indicates the market is actually moving upwards. I closed the trade at +6.

Better +6 now than +20 in two months time, after reaching L4 Recovery.

Ok, I have closed the trade now, so everyone pile in with a sell. The market is about to crash and burn.

...
logic. Yet, TOB might grumble...we are overbought, trust me.
Vincit qui se vincit.
  • #1,290
  • Mar 28, 2011 6:46pm Mar 28, 2011 6:46pm
Quoting Pippopotamus
logic. Yet, TOB might grumble...we are overbought, trust me.
Hehe. I am the worst in the world in letting my own bot do its thingy. The number of times I pass up on +45 in a few minutes time in order to pocket +2 now is ridiculous.

Hey-ho. My manual trading ability is well-documented in these forums.

'tis a fact that TOB does my best trades whilst I am asleep.

  • #1,291
  • Mar 28, 2011 7:38pm Mar 28, 2011 7:38pm
I wish I could report on closed trades this week as well, but my small live account is hung up on two pairs in recovery, complicated by the fact that I started out using lot sizes too large for the lousy 50:1 leverage we get here in the US, thanks to our incompetent government.

I resolved an issue last week where my live and one demo account did not execute re entry line trades. Even though both accounts were closed by the FK filter, I turned it off on two pairs to allow recovery. That did not work, but the solution was to shut down both platforms, recompile a fresh copy of TOB, drag it on the charts, and load the set file. Worked like a charm.

There were two issues that occurred yesterday that might need attention. Maybe some others experienced these. I had a double trade on a fresh demo account, only five minutes and 0.7 pips apart. The pair was EURGBP with trades shown on the chart. Happily, both were profitable, but the "MinPipsFromLastEntry" separation, in this case 50 pips for a 5 digit crim, was violated. The other issue was a AUDJPY short trade that should not have occurred. The demo account was below my 1100% allowable FK filter, but I turned the filter off for this pair purposely to allow trading and test the swap filters that were all set to "true." The crim swaps were: long +7, short -23, so I did not think the short trade should have happened, but it did. I checked objects for this chart and noticed that the original sell stop was set before the newest TOB version, but it was recognized by the new version and modified several times yesterday before the actual trade occurred. May be a logic issue, so that is why I am reporting it.

Pete
Attached Image (click to enlarge)
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  • #1,292
  • Mar 29, 2011 3:22am Mar 29, 2011 3:22am
I just had an idea that I will throw into the public domain to see what people think.

Instead of sending the pending trade at the first touch of the outer lines, what if we wait for a double/triple touch. We might lose some trades; we might avoid spending so much of our lives watching Recovery do its thing.

What does everyone else think?

  • #1,293
  • Mar 29, 2011 3:27am Mar 29, 2011 3:27am
Quoting ForexPete
There were two issues that occurred yesterday that might need attention....
The swap filter applies at trade-trigger time. If a pending trade is already in place, TOB will not delete it because of swap.

  • #1,294
  • Mar 29, 2011 4:59am Mar 29, 2011 4:59am
Quoting SteveHopwood
I just had an idea that I will throw into the public domain to see what people think.

Instead of sending the pending trade at the first touch of the outer lines, what if we wait for a double/triple touch. We might lose some trades; we might avoid spending so much of our lives watching Recovery do its thing.

What does everyone else think?

Hi Steve

Could be a good idea as market could hover around there for some time or as u say stay in recoverery for yonks. But we could potentially miss some good trades. Only way to see i guess is test it or have the option to enable further touches. But normally if market touches it on numerous occasions could mean that market participants want to push the market further.

I remember someone mentioned some time ago about adding RWB as an indication of reversal, whats your thoughts on that?

Heres another thought, how about wait for market to touch the outer line and break above/below it, when it breaks it by X pips and retuens back to the outer line, send the pending order in at the dotted line. By doing this, market has tried to continue with the trend but exhausts and has decided to come back and reverse. More than often it seems to test the trend and then reverse if theres not enough momentum. Once again, it could cut out some deals and hopefully cut out the trending losers
The Kamakazi
  • #1,295
  • Mar 29, 2011 5:20am Mar 29, 2011 5:20am
TOB has proven itself many times over the previous months. We are the small minority actually making money in forex thanks to TOB. It has returned consistent profits. I think we should leave it as is instead of constantly changing it.
  • #1,296
  • Mar 29, 2011 5:28am Mar 29, 2011 5:28am
Quoting Frodog
TOB has proven itself many times over the previous months. We are the small minority actually making money in forex thanks to TOB. It has returned consistent profits. I think we should leave it as is instead of constantly changing it.

I agree with that. I would like to see Greven's idea tried - to implement a last candle hi/lo for a trailing SL once we break through the gold line, or maybe we move SL to Gold, if the bot says the target is green, and we move the SL to green if the bot says the target is the white line. That way at least we lock in some TP. Just some thoughts.

I started a $150 penny account with IBFX (US office). The bot has only let me trade 5 pairs and stops trading when margin goes below 1100. I love these safety features. I have 20 pairs loaded so it will find good trades as long as I'm within the safety limits. Very good stuff. I will add to my account more and more, but this is a good way to start and get practice, make a little money and see how the bot performs under real live trade conditions.

Thanks - TCO
  • #1,297
  • Mar 29, 2011 5:41am Mar 29, 2011 5:41am
Quoting SteveHopwood
Instead of sending the pending trade at the first touch of the outer lines, what if we wait for a double/triple touch. We might lose some trades; we might avoid spending so much of our lives watching Recovery do its thing.What does everyone else think?
IMHO anything which reduces DD and needs less recovery is worth serious consideration. There is always a negative side but I think overall it improves the profitability.
Kind regards
  • #1,298
  • Mar 29, 2011 5:41am Mar 29, 2011 5:41am
Quoting Frodog
TOB has proven itself many times over the previous months. We are the small minority actually making money in forex thanks to TOB. It has returned consistent profits. I think we should leave it as is instead of constantly changing it.

Agreed, but if theres a way to minimalise drawdown then even better right? Its OK when trading cents but when you come to trading larger size then the drawdown will hit you a lot lot more.
The Kamakazi
  • #1,299
  • Mar 29, 2011 6:26am Mar 29, 2011 6:26am
Quoting SteveHopwood
I just had an idea that I will throw into the public domain to see what people think.

Instead of sending the pending trade at the first touch of the outer lines, what if we wait for a double/triple touch. We might lose some trades; we might avoid spending so much of our lives watching Recovery do its thing.

What does everyone else think?

Good Morning Steve,
Make it a user input so a control demo can be used please so this version of TOB can remain untouched......Good to test everything.......Only way to improve

whip
  • #1,300
  • Mar 29, 2011 6:26am Mar 29, 2011 6:26am
I'm recovering audusd, I will try to trail the whole recover to see if it's a good idea to trail after be+10 and let the recovery run until exaustion
Pray for me!
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