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Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

  • #1,041
  • Feb 8, 2011 7:18pm Feb 8, 2011 7:18pm
Quoting SteveHopwood
The latest attempt at volatility measurement is in post 1.

The function works like this:
[list][*]uses the chart tf[*]constructs an average pips movement over each candle by:

  1. adding the difference between the high and low of each candle over the previous LookBackPeriods candles
  2. dividing the result of the calculation by LookBackPeriods

[*]places the pair in volatility bands outlined by the TxUpperLimit variables i.e.[list][*]< T1UpperLimit: trade trigger is T1[*]>= T1UpperLimit and < T2UpperLimit: trade trigger is T2[*]>=...

Just got back in the house.....Loading it up as I'm typing

whip
  • #1,042
  • Feb 9, 2011 8:09am Feb 9, 2011 8:09am
Quoting hiredwhip
Just got back in the house.....Loading it up as I'm typing

whip

Looking forward of the updated copy.

Edd
  • #1,043
  • Feb 10, 2011 10:59pm Feb 10, 2011 10:59pm
Steve

At the moment we suffer through recovery trades to exactly breakeven as default
Can you consider introducing a " RecoveryProfitBreakevenPips " as per TOB so we at least try for a profit to reward our patience

Thanks
  • #1,044
  • Feb 11, 2011 2:29am Feb 11, 2011 2:29am
Quoting jcs
Steve

At the moment we suffer through recovery trades to exactly breakeven as default
Can you consider introducing a " RecoveryProfitBreakevenPips " as per TOB so we at least try for a profit to reward our patience

Thanks
Will do.

  • #1,045
  • Feb 14, 2011 10:24am Feb 14, 2011 10:24am
Quoting jcs
Steve

At the moment we suffer through recovery trades to exactly breakeven as default
Can you consider introducing a " RecoveryProfitBreakevenPips " as per TOB so we at least try for a profit to reward our patience

Thanks
'tis done and uploaded to post 1.

I am finding the default of 20 working extraordinarily well in live-trading TOB; no idea how effective it will be here, but it makes a difference in backtesting.

  • #1,046
  • Feb 15, 2011 10:00am Feb 15, 2011 10:00am
Scoobs filter test is well underway here with the latest bot in post 1.....off to a good start...

whip

http://www.myfxbook.com/widgets/81229/medium.jpg
  • #1,047
  • Feb 26, 2011 12:13pm Feb 26, 2011 12:13pm
Latest update in post 1. I have added Matt's duplicate-trades fix.

  • #1,048
  • Mar 1, 2011 12:49am Mar 1, 2011 12:49am
Quoting SteveHopwood
'tis done and uploaded to post 1.

I am finding the default of 20 working extraordinarily well in live-trading TOB; no idea how effective it will be here, but it makes a difference in backtesting.

Hi Steve

I think there is a problem
Just had my first recovery trade entered
I have 20 pips as target, but breakeven line set at breakeven exactly
Removing and reloading ea made no difference

Double clicked and moved target manually to 20 and tp changes ok

I then changed user parameter to 50 to see if it would reset and nothing happens ( it stays at 20 )
Deleted line and it resets at 20 ( not 50 )

So it appears whatever is input in user parameters is not being recognised and acted on

Perhaps you can have a look when you get time
Thanks
  • #1,049
  • Mar 28, 2011 4:06pm Mar 28, 2011 4:06pm
anyone else stuck in deep recovery on this pair? maybe if we all pray together at the same time, we will get the retrace!
  • #1,050
  • Mar 28, 2011 4:15pm Mar 28, 2011 4:15pm
Quoting morgb74
anyone else stuck in deep recovery on this pair? maybe if we all pray together at the same time, we will get the retrace!
I have never been able to make ftlr work for me; all I ever get is huge Recovery dd. Others manage to make it work; goodness knows how.

  • #1,051
  • Mar 28, 2011 6:30pm Mar 28, 2011 6:30pm
Quoting SteveHopwood
I have never been able to make ftlr work for me; all I ever get is huge Recovery dd. Others manage to make it work; goodness knows how.

My God Steve......It was your strategy and you coded and setup the bot......This just doesn't compute

whip
  • #1,052
  • Mar 28, 2011 6:42pm Mar 28, 2011 6:42pm
Quoting hiredwhip
My God Steve......It was your strategy and you coded and setup the bot......This just doesn't compute

whip
I know.

Trades trigger. Then they go into Recovery. Then they spend weeks in Recovery. Then the platform freezes repeatedly and I give up.

I wouldn't give up if all those trades did not spend weeks in Recovery, but they do so I do. To me, the bot is a waste of time - this is why I have not added the latest volatility stuff to it.

  • #1,053
  • Mar 29, 2011 10:35am Mar 29, 2011 10:35am
Quoting SteveHopwood
I know.

Trades trigger. Then they go into Recovery. Then they spend weeks in Recovery. Then the platform freezes repeatedly and I give up.

I wouldn't give up if all those trades did not spend weeks in Recovery, but they do so I do. To me, the bot is a waste of time - this is why I have not added the latest volatility stuff to it.

Steve you need a new tower, one of mine.....I could build you one but the shipping would be 5 times more that the tower is worth....You need more "horsepower"....

whip
  • #1,054
  • Edited 5:20pm Mar 29, 2011 5:07pm | Edited 5:20pm
I just wanted to add that the FTLR V10 with Pinstrumph's set file has been a real winner for me in a $10k demo account trading 0.1 lots, up 15% since the end of January. I use it on H4 charts with 14 pairs, Scoobs filter off and have not intervened once. It avoided all recent market madness I guess because the strategy sets sell stops when TOB would set buy stops under the same conditions, so price right by them without stopping and all of those pending trades were canceled. DD now is higher than usual at 18% with one pair at L4 and two at L3. I have also never experienced a platform freeze up. Maybe there is something special about this version.

Pete
  • #1,055
  • Apr 4, 2011 7:08am Apr 4, 2011 7:08am
I'm worried about my funny money 1K demo account!

I was trading [email protected] and it was running lovely up until the AUD/USD + EURJPY went running.

Now I'm sitting at around max 61%DD with margin at 1200%.

Scoobs filter was on Trading 4HR charts T1. I think now maybe I over traded the lot size.

1K should have been 0.01.

I hate blowing demo account's still feels like failure, maybe its not too late :-)

Everyone jump up n down at the same time, maybe the eurjpy + audusd drop!
  • #1,056
  • Apr 4, 2011 7:22am Apr 4, 2011 7:22am
Quoting morgb74
I'm worried about my funny money 1K demo account!

I was trading [email protected] and it was running lovely up until the AUD/USD + EURJPY went running.

Now I'm sitting at around max 61%DD with margin at 1200%.

Scoobs filter was on Trading 4HR charts T1. I think now maybe I over traded the lot size.

1K should have been 0.01.

I hate blowing demo account's still feels like failure, maybe its not too late :-)

Everyone jump up n down at the same time, maybe the eurjpy + audusd drop!
Lotsize too big and too many pairs. You need about 10K account to trade that many safely given current market conditions.

Scoobs.
  • #1,057
  • Apr 4, 2011 10:46pm Apr 4, 2011 10:46pm
Quoting ForexPete
I just wanted to add that the FTLR V10 with Pinstrumph's set file has been a real winner for me in a $10k demo account trading 0.1 lots, up 15% since the end of January....
Must be the magic touch!
Please note guys the posted results have been done with a simple old fashioned fixed spread 4 digit broker (just like to know in advance the costs of any transaction).
No funny fat finger or spike events regarding spreads and over the history all EA's I have run have simply better performed with a fixed spread broker compared to the highly supa dupa ECN variable spread brokers, wonder why that is?

Cheers
  • #1,058
  • Apr 11, 2011 8:12pm Apr 11, 2011 8:12pm
Quoting Pipstrumpf
Must be the magic touch!
Please note guys the posted results have been done with a simple old fashioned fixed spread 4 digit broker (just like to know in advance the costs of any transaction).
No funny fat finger or spike events regarding spreads and over the history all EA's I have run have simply better performed with a fixed spread broker compared to the highly supa dupa ECN variable spread brokers, wonder why that is?

Cheers
Well, I almost had to eat my words and maybe still might! The recent runs of the JPY pairs and a couple of EUR pairs drove my DD up to 60% last week. But it looks like that the dam has broken to some extent today. My DD is down to about 25% and still dropping. I am amazed to see it work this way.

Cheers,

Pete
  • #1,059
  • Apr 12, 2011 1:04am Apr 12, 2011 1:04am
Quoting ForexPete
Well, I almost had to eat my words and maybe still might! The recent runs of the JPY pairs and a couple of EUR pairs drove my DD up to 60% last week. But it looks like that the dam has broken to some extent today. My DD is down to about 25% and still dropping. I am amazed to see it work this way.

Cheers,

Pete
Phew.
  • #1,060
  • Apr 12, 2011 1:18am Apr 12, 2011 1:18am
Quoting ForexPete
Well, I almost had to eat my words and maybe still might! The recent runs of the JPY pairs and a couple of EUR pairs drove my DD up to 60% last week. But it looks like that the dam has broken to some extent today. My DD is down to about 25% and still dropping. I am amazed to see it work this way.

Cheers,

Pete
Well thats already a start.
In my view the only way to survive in this "big boys casino" is to be patient, yes patient for a very very long time and to calculate the risk beforehand to be able to ride the super swing cycle. After a while you will realize that to make decent profits you need a decent funded account, anything else is pure luck similar to win 1 prize in lotto.

Cheers
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