Sixths trading - an EA by macman, Bob and Steve mk 2 | Page 74 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading the Sixths with Snowballs 68 replies

Gann High-Low System with Laguerre/Fisher/VSA/Sixths and others 124 replies

My Sixths trading journal with TOB EA 50 replies

sixths indicator 1 reply

Steve Trading Journal 3 replies

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

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

  • #1,461
  • Apr 2, 2011 7:38am Apr 2, 2011 7:38am
Quoting macman
I don't agree - it may be the worst of both worlds.

The concept of 6ths is that it works by looking back over an adjustable period & calculating the most likely range now, based on past values - of course you will get draw down, as this is a fairly blunt tool, but it does statistically come out at a profit, assuming the 6ths calculation is reasonable.

To say that you know better and want to manually adjust the 6ths lines defeats the whole purpose IMHO. The problem with S/R levels for retail traders is you cannot see Interbank pendings, which...
I think the beauty of TOB is that it takes care of everything for you. Yes there is drawdown and recovery events, but when you look how everything is covered and all contingencies are covered, i think it is almost a set and forget, eventhough i watch it like a hawk.

I think the golden goose is about as golden is it is going to get. We just can predict where the price is going to go. Having said that...the bot works as designed except for the occasional bug that we find, it is profitable and it has a pretty good win ratio.

Just my opinion.

Thanks - TCO
  • #1,462
  • Apr 2, 2011 7:42am Apr 2, 2011 7:42am
Hi Macman

I don't doubt that the sixths is a great tool but what I meant is picking the better sixths levels entry's. My initial testing was actually using the sixth indi but only allowing orders that was confirmed by my larger tf levels. Success was actually greater with smaller drawdowns.

But your Indi could be the answer to compliment and confirm the sixth without having to do it manually. Will play with it this weekend.

Some traders may take advantage of the manual levels shift to trade of the big levels or even intraday, find or Market profile where I do most of my trading.





Quoting macman
I don't agree - it may be the worst of both worlds.

The concept of 6ths is that it works by looking back over an adjustable period & calculating the most likely range now, based on past values - of course you will get draw down, as this is a fairly blunt tool, but it does statistically come out at a profit, assuming the 6ths calculation is reasonable.

To say that you know better and want to manually adjust the 6ths lines defeats the whole purpose IMHO. The problem with S/R levels for retail traders is you cannot see Interbank pendings, which...
The Kamakazi
  • #1,463
  • Apr 2, 2011 7:56am Apr 2, 2011 7:56am
Detailed explanation in progress.....

Cheers
CanuckCT

Quoting SteveHopwood
I was about to email you. Now you have posted this here, we can discuss this publicly.

I do not actually understand what you are getting at. Could you post a more detailed description of your thought processes, please?

Cheers
  • #1,464
  • Apr 2, 2011 8:13am Apr 2, 2011 8:13am
Quoting CanuckCT
Detailed explanation in progress.....

Cheers
CanuckCT
Cheers. There is no rush.

  • #1,465
  • Apr 2, 2011 8:52am Apr 2, 2011 8:52am
Ok, Steve and Whip.

Please find a updated manual with all the new parameters as in post 1.

If you find anything funny or out of place please let me know and if you want me to add anything else.

What I also will do in the days coming is to expand on the table of contents so that we can keep every module nice and referenced.

Steve: What I will also do is send you the original copy so that you can keep for future reference.
Attached File(s)
File Type: pdf The Old Beast Manual.pdf   146 KB | 1,189 downloads
  • #1,466
  • Apr 2, 2011 9:23am Apr 2, 2011 9:23am
Quoting Krypty
Ok, Steve and Whip.

Please find a updated manual with all the new parameters as in post 1.

If you find anything funny or out of place please let me know and if you want me to add anything else.

What I also will do in the days coming is to expand on the table of contents so that we can keep every module nice and referenced.

Steve: What I will also do is send you the original copy so that you can keep for future reference.
Hi Krypty,
Looks great....5 stars.......Without a doubt Steve has the right man for the job

whip
  • #1,467
  • Apr 2, 2011 9:32am Apr 2, 2011 9:32am
Quoting Krypty
Ok, Steve and Whip.

Please find a updated manual with all the new parameters as in post 1.

If you find anything funny or out of place please let me know and if you want me to add anything else.

What I also will do in the days coming is to expand on the table of contents so that we can keep every module nice and referenced.

Steve: What I will also do is send you the original copy so that you can keep for future reference.
Fantastic. Thank you very much.

I will replace the version in post 1 with this one when I update TOB before the markets open tomorrow night.

Cheers.

  • #1,468
  • Apr 2, 2011 6:31pm Apr 2, 2011 6:31pm
I found trading TOB only on one pair, eurusd, the only way to dig this robot very deep.

If awake, when those pending buy/sell-stop orders getting the green light, I'd like to look for candlestick reversals, if any. Probability of the TOB gives you a minimum 30 pips is highly anticipated.

The first circle was on Thursday, and TOB made that majestic trade during NY open, and the candle reversal pattern, Bearish Engulfing, confirmed the trade...the MM took over the rest, and easy 30pips!

The second circle got filled during NY closing on Friday...the reversal pattern is a Dark Cloud Cover...not as strong as the previous one, but is a strong reversal pattern. If prices closes blow this pattern, I am all for it, but closing above the top of this pattern, I can only tolerate max one L1 recovery...that's it, if got the breakeven during L1, I am good, otherwise I am out.

This is my plan to trade eurusd with TOB.

My hat to Steve, and the rest of FF gurus!
Attached Image (click to enlarge)
Click to Enlarge Name: tob_eurusd.jpg Size: 90 KB
  • #1,469
  • Apr 2, 2011 7:17pm Apr 2, 2011 7:17pm
Quoting fchaman
I found trading TOB only on one pair, eurusd, the only way to dig this robot very deep.

If awake, when those pending buy/sell-stop orders getting the green light, I'd like to look for candlestick reversals, if any. Probability of the TOB gives you a minimum 30 pips is highly anticipated.

The first circle was on Thursday, and TOB made that majestic trade during NY open, and the candle reversal pattern, Bearish Engulfing, confirmed the trade...the MM took over the rest, and easy 30pips!

The second circle got filled during NY closing on Friday...the...
Could you please tell us all about Candlestick Trading?? EDIT:Can't believe you have no vouchers yet.
Vincit qui se vincit.
  • #1,470
  • Apr 2, 2011 7:30pm Apr 2, 2011 7:30pm
Quoting Bl888
Sixths is good no doubt. But as everyone is aware by taking all trades drawdowns can be mahoosive. So by only taking trades by which are at strong levels reduces significant drawdowns. Look at EJ, GJ, AU as an example this week. If you had that executing all trades with size then you can say goodbye to your account, but in terms of levels there were no clear levels on the BO, my next level is @ 120.14s so i will have TOB there waiting. If you trading pennies and a large account then off course you will not notice it. try trading live using TOB with...
Fibs, Elliot Waves, Gann Lines, Murrey Math, Lunar Cycles, Tea Leaves, and the entrails of an owl, but watch, TOB might just slurp up the latter. And BURP.
Vincit qui se vincit.
  • #1,471
  • Apr 2, 2011 8:00pm Apr 2, 2011 8:00pm
Quoting Pippopotamus
Could you please tell us all about Candlestick Trading?? EDIT:Can't believe you have no vouchers yet.
I am a big fan of Mr. Nisson, and subscribed to his free candlesticks's newsletter. I have been in one of his seminar on Candlesticks charting and he is an eye opener.

Candles can burn you if not deciphered correctly...I have burned many accounts live, and my weakest point is descipline.

Hope combination of TOB & candlestick analysis brings a balance between East & West style of trading, and make me a discplined trader

If you want info on candlesticks, I suggest Nisson's site...it is full of knowledge: http://candlecharts.com/about-why.html

Good luck!
  • #1,472
  • Apr 2, 2011 8:23pm Apr 2, 2011 8:23pm
Save us.
Vincit qui se vincit.
  • #1,473
  • Apr 2, 2011 9:43pm Apr 2, 2011 9:43pm
Quoting Pippopotamus
Could you please tell us all about Candlestick Trading?? EDIT:Can't believe you have no vouchers yet.
I hope this is helpful.
Attached File(s)
File Type: zip PatternRecognitionMaster-ForexFreebieFriday.com_.zip   10 KB | 1,346 downloads
  • #1,474
  • Apr 3, 2011 3:31am Apr 3, 2011 3:31am
Quoting vinesh
I hope this is helpful.
Wonderful contribution to the thread!!! Maybe Steve can incorporate this thing of beauty into TOB's trading Algo. Great to see so many contributors who really understand what this BOT is all about. Thanks again to all of them. THEY ARE STARS. ps. Think I will dump TOB for Candlestick with Lunar Cycles thingy for confirming my entries. Truly a marriage made in (the) heaven(s). Moon and stars you know.
Vincit qui se vincit.
  • #1,475
  • Apr 3, 2011 3:52am Apr 3, 2011 3:52am
Quoting Pippopotamus
Wonderful contribution to the thread!!! Maybe Steve can incorporate this thing of beauty into TOB's trading Algo. Great to see so many contributors who really understand what this BOT is all about. Thanks again to all of them. THEY ARE STARS. ps. Think I will dump TOB for Candlestick with Lunar Cycles thingy for confirming my entries. Truly a marriage made in (the) heaven(s). Moon and stars you know.
Along with this, I will include the tealeaf filter. I believe this to be absolutely essential.

  • #1,476
  • Apr 3, 2011 6:12am Apr 3, 2011 6:12am
Just to let you all know, there is a new robot at http://www.forexfactory.com/showthre...90#post4517990

Don't get excited. I reckon it is going nowhere but is there for anyone interested.

  • #1,477
  • Apr 3, 2011 7:52am Apr 3, 2011 7:52am
Round up for the week:
+165 pips
+$11.88 profit, or 0.73% of the balance at the start of the week.

TOB is slowly working its way through the Recovery trades left over from That Day. They are being replaced with fresh baskets of Recovery trades.

I have made the latest version from a few pages ago the version in post 1, and have posted Krypty's fabulous manual. I am putting the latest TOB version onto my live account tonight. I am not sure about the L3/4 profit lock-in, but all the the other code seems ok and I want it working for me.

On demo, I am going to try Glenn's hedging idea, probably at a simple -100 rather than mucking around with atr etc. I shall use mptm for this rather than the bot's own hedging features, so I can use hedge-the-hedge as well.

Thanks for a great week of contributions everyone. The creativity on offer here is awesome.

  • #1,478
  • Apr 3, 2011 8:33am Apr 3, 2011 8:33am
guys thanks to forum member Don,

he fixed the pattern master indicator V_3 for 5 digits broker.

i included the updated version in this post.

the old indicator gives zero devide error on my MQ4.

i make between 400 and 500 pips alone on EURUSD on my live trading for 6 weeks now. this pattern indicator gives around 80% and 85% right signals.

keep in mind though that the pattern indicator will give different signals per broker.

even on demo account and live account from same broker you could get different signals. this is not the mistake of the indicator. but it is because of spread difference. so keep that in mind.
Attached File(s)
File Type: mq4 Pattern_Recognition_Master_v7.mq4   30 KB | 5,130 downloads
  • #1,479
  • Apr 3, 2011 8:57am Apr 3, 2011 8:57am
Quoting SteveHopwood
Along with this, I will include the tealeaf filter. I believe this to be absolutely essential.

Add to that, must be a herbal tealeaf
  • #1,480
  • Apr 3, 2011 9:09am Apr 3, 2011 9:09am
Quoting Pippopotamus
Save us.
3 traders viewing now