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SHI Channel trend trading auto-trader by Steve Hopwood

  • #41
  • Apr 21, 2011 8:23am Apr 21, 2011 8:23am
Quoting Jacob-
Ok, I think I got it.

There was no mistake in the code.

It might be that the EA is looking first at Chanell trend lines and if price is bouncing from the top line its selling even if all three RSI's are not trending down at the same time - thats my suspicious.

I think I will try to change chanell trend lines set up to higher time frame and see whats happening.

Update soon.
Dear Jocob,

could you post your fix version ?
  • #42
  • Apr 23, 2011 9:40am Apr 23, 2011 9:40am
guys,

I wasn't doing any backtesting - I just don't believe in backtests.

As mentioned above there wasn't anything spoiled in the code, it was just my misunderstanding of how it works - it works very rarely so you are trying so find out whats happening and sometimes impatience can mislead you - patience is very important with this EA.

Basicly after changing settings of SHI to 1440 (so to D1) after 2 weeks the results are:
[IMG]file:///C:/Users/Krzychu/AppData/Local/Temp/moz-screenshot-19.png[/IMG]8 winning trades - 2 lossess - account up for 23 %- without losing trades, with them I'm up 2 %.

The losing trades are only because I was stupid enough to do the following:

1st losing trade - I've tried to trade manually.
2nd losing trade - I've changed the time from D1 to H4 when the EA was working which is basic rule THAT YOU SHOUDN'T DO NEVER EVER - and EA took some trade that was finally losing one.

I have now one open trade NZD/USD that was taken properly and so far is also losing but lets see what will happen after eastern.

My current settings:
Lot -0.1
max trades - 1
SHI
ALL BARS-1440
TTF time frame - 1440

take profit:
tp is opposite - true
use stop loss - true
I didn't try to use recovery and hedging in this EA...yet
Trade management is default the rest parameters are also default I' ve just posted the one that was changing.

Bear in mind - I'm newbie trader and I don't understand as much as I would how this EA works but I'm willing to get to know - to me it has nice potential - as its trading base on VERY VERY SIMPLE RULEZ but I can be simply wrong so DON'T TRY IT LIVE.

One of the thing I've read of some experience trader was-
don't try EA live before you will test your system live for at least 3 months - AMEN
“The harder you work, the harder it is to surrender.” - Vincent Lombardi
  • #43
  • May 11, 2011 10:38am May 11, 2011 10:38am
Hey Johnny,

I know this is an old thread, but i was wondering if you or anyone else might have that regression curve indicator your showing in your charts that you added to the system? Ive been trying to find something like it and havnt come up with much, just normal regression lines which arent the same thing.

Thanks for the help and happy trading.

Quoting JohnnyBSmart
Steve,

As a direct result of working with Squalou on another thread and searching for a better way to determine price direction, trend and strength of the impending move of the PA and so forth I found this indicator which appears to be far superior to the Shi-LRC.

I have added the indicator to your chart produced by the EA and you can see that this shows direction at the reversals much quicker. I use three of these set at different input values on my charts. The one shown is the 2 1/2 day trend.

The semafors shown repaint but all repaints are...
  • #44
  • Nov 2, 2011 5:23pm Nov 2, 2011 5:23pm
Can anyone suggest me what does this error code mean?

"USD/JPY OP_BUY Nanningbob order send failed with error(130): invalid stops"

The Beast's EA is not opening any trade even if all the conditions are meeting for this pair as on today.
  • #45
  • Nov 8, 2011 7:42pm Nov 8, 2011 7:42pm
Quoting antariks
Can anyone suggest me what does this error code mean?

"USD/JPY OP_BUY Nanningbob order send failed with error(130): invalid stops"

The Beast's EA is not opening any trade even if all the conditions are meeting for this pair as on today.

Sorted out.

Is anybody running the Beast EA continuously for a long time? Howz the performence? For me its doing well since 2 weeks. But sceptically waiting for that dooms day when the drawdown will really become unmanagebale.

Cheers.
  • #46
  • Nov 10, 2011 9:49pm Nov 10, 2011 9:49pm
Hi Steve,

Can you suggest me why this EA has not taken a sell trade in this pair (plz see attached pic) when all the timeframes are pointing down?

Thanks and regards.
Attached Image (click to enlarge)
Click to Enlarge Name: eu-gb.jpg Size: 102 KB
  • #47
  • Dec 6, 2011 12:43am Dec 6, 2011 12:43am
Quote: Originally Posted by antariks http://www.forexfactory.com/images/buttons/viewpost.gif
Can anyone suggest me what does this error code mean?

"USD/JPY OP_BUY Nanningbob order send failed with error(130): invalid stops"

The Beast's EA is not opening any trade even if all the conditions are meeting for this pair as on today.


Sorted out.

Is anybody running the Beast EA continuously for a long time? Howz the performence? For me its doing well since 2 weeks. But sceptically waiting for that dooms day when the drawdown will really become unmanagebale.

Cheers.

http://www.forexfactory.com/images/buttons/quote.gif

G'day! I've jut loaded this and gotten the same message. Have been through this thread and associated other threads. Figure it has something to do with the stop being too close to the entry- but unable to verify. Being very cheeky...is there any chance that you could post your solution or contact me via a pm?? Cheers
Attitude! Attitude! Attitude! There is nothing in Life but Attitude!
  • #48
  • Oct 24, 2012 8:32am Oct 24, 2012 8:32am
Steve,
I do backtest on this ea, sound until now. However, many of the trades result as profit 0 although they really make profit (Close price >> open price).
Besides, is there any way to add DD control function to this EA?
  • #49
  • Aug 13, 2020 3:09pm Aug 13, 2020 3:09pm
Quoting JohnnyBSmart
Steve, As a direct result of working with Squalou on another thread and searching for a better way to determine price direction, trend and strength of the impending move of the PA and so forth I found this indicator which appears to be far superior to the Shi-LRC. I have added the indicator to your chart produced by the EA and you can see that this shows direction at the reversals much quicker. I use three of these set at different input values on my charts. The one shown is the 2 1/2 day trend. The semafors shown repaint but all repaints are shown...
Hi, can you share those indicators and EA please?
  • #50
  • Aug 13, 2020 4:23pm Aug 13, 2020 4:23pm
Hey, who knows those channel please? Can you share them?
Attached Image
  • #51
  • Last Post: Feb 19, 2021 9:47am Feb 19, 2021 9:47am
Quoting 2claws
Hey, who knows those channel please? Can you share them? {image}
forex-atron-indicator
J. Alencar
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