Sixths trading - an EA by macman, Bob and Steve mk 2 | Page 70 | Forex Factory

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

  • #1,381
  • Mar 31, 2011 9:42am Mar 31, 2011 9:42am
Whilst I am doing thingy's, one for matrixebiz. Did you ask for another variant of Recovery recently? Or am I dreaming?

  • #1,382
  • Mar 31, 2011 9:45am Mar 31, 2011 9:45am
One might use the wonderful touch-thingy with an aggressive MPTM hedge to fire off where the SL might have been, to include Close-at-Breakeven and hedge-the- hedge. This would obviate the need for a standard recovery, and prevent trades that last for weeks, tying up money and creating anxiety. One could have balls of rubber, rather than balls of steel. Glenn
  • #1,383
  • Mar 31, 2011 9:52am Mar 31, 2011 9:52am
Quoting winsteadglenn
One might use the wonderful touch-thingy with an aggressive MPTM hedge to fire off where the SL might have been, to include Close-at-Breakeven and hedge-the- hedge. This would obviate the need for a standard recovery, and prevent trades that last for weeks, tying up money and creating anxiety. One could have balls of rubber, rather than balls of steel. Glenn
I quite fance rubbarising my balls.

Do you have the computer capacity to try this out for a few days?

  • #1,384
  • Mar 31, 2011 9:57am Mar 31, 2011 9:57am
Yes. Will try it.
Whip: We need your advice.
  • #1,385
  • Mar 31, 2011 9:59am Mar 31, 2011 9:59am
Quoting winsteadglenn
Yes. Will try it.
I'm in also......This should be fun!!!
  • #1,386
  • Mar 31, 2011 10:06am Mar 31, 2011 10:06am
Quoting hiredwhip
I'm in also......This should be fun!!!
I thought you might like this.

  • #1,387
  • Mar 31, 2011 10:07am Mar 31, 2011 10:07am
Quoting TallCoolOne
Thanks..I have put a bunch of print statements in the program and I have commented out the return on ticketno. I'm going to see how this thing is really working....I will report back on what the prints tell me.

Hi Steve,

I don't if this would happen for everyone, but this code was bouncing me out also.

if (OBJPROP_COLOR != RecoveryStopLossLineColour) return;

When I changed it to this. I was fine:

if (ObjectGet(breakevenlinename, OBJPROP_COLOR) != RecoveryStopLossLineColour) return;
  • #1,388
  • Mar 31, 2011 10:12am Mar 31, 2011 10:12am
Quoting TallCoolOne
Hi Steve,

I don't if this would happen for everyone, but this code was bouncing me out also.

if (OBJPROP_COLOR != RecoveryStopLossLineColour) return;

When I changed it to this. I was fine:

if (ObjectGet(breakevenlinename, OBJPROP_COLOR) != RecoveryStopLossLineColour) return;
Thanks.

Also, I just realised I don't need an extra function to work out what direction we are trading. CountOpenTrades sets BuyOpen and Sellopen as appropriate, so replace if (OrderType() == OP_BUY) with if (OrderType() == BuyOpen) and similar for the sell bit.

  • #1,389
  • Mar 31, 2011 11:06am Mar 31, 2011 11:06am
TCO, I had forgotten that once set, an object's colour cannot be changed. The solution is to delete the object and re-create it using the new colour.

The attached appears to be working.

Attached File(s)
File Type: mq4 The Old Beast.mq4   114 KB | 254 downloads
  • #1,390
  • Mar 31, 2011 11:19am Mar 31, 2011 11:19am
Quoting SteveHopwood
TCO, I had forgotten that once set, an object's colour cannot be changed. The solution is to delete the object and re-create it using the new colour.

The attached appears to be working.

Great...I will test it. Thanks.
  • #1,391
  • Mar 31, 2011 11:23am Mar 31, 2011 11:23am
Pippo's Recovery is working fantastically well in backtesting. You need the latest version to see it working properly; I needed to re-jig the order in which commands were executed.

  • #1,392
  • Mar 31, 2011 11:46am Mar 31, 2011 11:46am
Quoting SteveHopwood
TCO, I had forgotten that once set, an object's colour cannot be changed. The solution is to delete the object and re-create it using the new colour.

The attached appears to be working.

Hi Steve,

At least recovery is working like it did before. I still don't think the candle TS is working correctly for recovery. It seems to be closing the trade all the time on the first bar that touches the breakevenline after the red line has been established. I keep looking at it. I think we are getting close. TCO
  • #1,393
  • Mar 31, 2011 11:54am Mar 31, 2011 11:54am
Quoting TallCoolOne
Hi Steve,

At least recovery is working like it did before. I still don't think the candle TS is working correctly for recovery. It seems to be closing the trade all the time on the first bar that touches the breakevenline after the red line has been established. I keep looking at it. I think we are getting close. TCO
That's how I coded it to work. The red line becomes a breakeven+ stop loss, so if the market retraces to it the stop has been hit and the trades should close.

  • #1,394
  • Mar 31, 2011 11:56am Mar 31, 2011 11:56am
Quoting winsteadglenn
Great on the pippo recovery. I like it.

Tiny screen glitches: turn recovery off/still displays as on.
MPTM: enter loss pips hedge at 1000 for five digit crim/ displays 10000.
mtpm adapt inputs to x digit crims.

  • #1,395
  • Mar 31, 2011 1:21pm Mar 31, 2011 1:21pm
This is what a call a smackdown :|
This is a case where the recovery trailing stop should help.
The case is gbpjpy and i was in recovery, close trade was set to be+20 (greedy me ).
Look at the screen and cry.. tp missed for 2 pips :|

With the TS now i will have a be+10 in my pocket..

Another idea that can be implemented instead of the candlestick trail is just a trailing stop X pips behind the price.

So after be+10 or what you choose, the beast can trail the recovery with a last candle low OR with a -X pips (maybe 10, so after recovery is in profit for 40 pips you lock on 30 pips and so on).
Attached Image
  • #1,396
  • Mar 31, 2011 2:03pm Mar 31, 2011 2:03pm
Quoting greven
This is what a call a smackdown :|
This is a case where the recovery trailing stop should help.
The case is gbpjpy and i was in recovery, close trade was set to be+20 (greedy me ).
Look at the screen and cry.. tp missed for 2 pips :|

With the TS now i will have a be+10 in my pocket..

Another idea that can be implemented instead of the candlestick trail is just a trailing stop X pips behind the price.

So after be+10 or what you choose, the beast can trail the recovery with a last candle low OR with a -X pips (maybe 10, so after recovery is...
Bummer.

I must admit, when I see the tp box light up green I think to myself, "No. Hold on there. Let TOB do its thingy. DO NOT close them manually."

Then I close them manually.

  • #1,397
  • Mar 31, 2011 2:49pm Mar 31, 2011 2:49pm
Quoting winsteadglenn
Great on the pippo recovery. I like it.

Tiny screen glitches: turn recovery off/still displays as on.
MPTM: enter loss pips hedge at 1000 for five digit crim/ displays 10000.
judge of horse flesh you are, Winnie. I like it too...I think.
Vincit qui se vincit.
  • #1,398
  • Mar 31, 2011 4:33pm Mar 31, 2011 4:33pm
I thank everyone for some excellent contributions today and yesterday. Even in my experience of a fantastic forum it has been an exceptional couple of days.

We are creating something fabulous here.

  • #1,399
  • Mar 31, 2011 6:20pm Mar 31, 2011 6:20pm
Quoting Rascacio
I'm having a problem at the moment with TOB.

I have it live but the volatility and re-entry is not correct. I thought I had this version from a while back but obviously not. I am worried about changing it on my live account until I know for sure I've got the right one.

So can someone post the volatility/re-entry corrected version from before the 'Candle Ts' ? or is the latest update with the 'Candle Ts' OK to use with the Candle Ts left off ?

My Brain Hurts

Cheers
Ras:

It is really a challenge to keep up with all of the exciting changes in TOB, so I keep track of every version with a post number to eliminate confusion about what to trade live vs what to test. So, here is the version I am using live now that was the last one before the candle stick TS work. I even annotated it with "use" in addition to the post number. Hope this helps.

Cheers,

Pete
Attached File(s)
File Type: mq4 The Old Beast(#1356) use.mq4   107 KB | 278 downloads
  • #1,400
  • Apr 1, 2011 2:48am Apr 1, 2011 2:48am
Newbies, a member has started a thread that could be of interest to you - http://www.forexfactory.com/showthread.php?t=286628

You will be able to discuss things there that you cannot discuss here.

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