Caillou: another always-in auto-trader by SteveHopwood | Page 3 | Forex Factory

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Caillou: another always-in auto-trader by SteveHopwood

  • #41
  • May 7, 2011 6:22am May 7, 2011 6:22am
Quoting SteveHopwood
Updated version is in post 1:

  1. added trading hours
  2. added Friday stop hour
  3. added Saturday stop hour for those in Upside-Down land
  4. added the stop/start/close all buttons

Thank you Steve.

Can't wait till Monday for testing......
  • #42
  • May 7, 2011 7:08am May 7, 2011 7:08am
This EA really has potential.
I wouldn't let it ran the whole day. I think if one chose your trading "zones" carefully and rather use it only in those areas, you will make good money.
Switching it on and off using ones trading experience will give you an edge.
e.g: Do not let it run when you have a "squeeze" on Bollinger Bands and rather trade it on support and resistance levels, where bounces are more likely.
Just my observations.... Thx for the EA. Much appreciated.
  • #43
  • May 7, 2011 7:12am May 7, 2011 7:12am
Quoting ianp
Hi,
First of all thanks to Caillou and Steve for this EA, I stayed up till nearly 1am watching it do its stuff.

It was going gangbusters made $900 on a $9k account using 0.9 lots TP $90.

Just to see what happens I let it run until the market close.

As you can see from the screenshot it was not one of my smartest moves !!

But I guess thats what demo accounts are for , I will see if the account blows up when the markets open .
I have traded it in the same hours , but with a take profit of $10 per round. 0.1 lots. Made $130.
  • #44
  • May 7, 2011 7:16am May 7, 2011 7:16am
Quoting RandomGamble
I have traded it in the same hours , but with a take profit of $10 per round. 0.1 lots. Made $130.
Yes, me too, 22 pops on Friday afternoon....
  • #45
  • May 7, 2011 11:18am May 7, 2011 11:18am
I just want to say thanx to caillou.

Best of luck

I hope lot from this strategy...

24hrs.
  • #46
  • May 7, 2011 1:22pm May 7, 2011 1:22pm
I have added some more stuff, mostly for the backtesters. Please read 'Experimental stuff' in post 1 for details.

  • #47
  • May 7, 2011 2:16pm May 7, 2011 2:16pm
Quoting ianp
Hi,
First of all thanks to Caillou and Steve for this EA, I stayed up till nearly 1am watching it do its stuff.

It was going gangbusters made $900 on a $9k account using 0.9 lots TP $90.

Just to see what happens I let it run until the market close.

As you can see from the screenshot it was not one of my smartest moves !!

But I guess thats what demo accounts are for , I will see if the account blows up when the markets open .
Yes slow trading hours as friday pm and range price action are not good for this kind of trading that needs that price goes in one direction for a while to allow trades to close in profit.
Now that that steve added trading hours function maybe activating the bot just before london opening and shutting it down around london close should work better preventing big drawdowns.

Regards
  • #48
  • May 7, 2011 2:33pm May 7, 2011 2:33pm
Quoting 24hrs
I just want to say thanx to caillou.

Best of luck

I hope lot from this strategy...

24hrs.
Thank you 24hrs,

Happy to find you here........
  • #49
  • May 7, 2011 2:37pm May 7, 2011 2:37pm
Quoting SteveHopwood
I have added some more stuff, mostly for the backtesters. Please read 'Experimental stuff' in post 1 for details.

Thank you Steve.
  • #50
  • Edited 8:57pm May 7, 2011 8:44pm | Edited 8:57pm
Quoting gregart
Hi Steve and Caillou,

the system didn't survive backtests, here why:
maybe if we invert sells and buys
Buy when price closes above the open price of previous down candle. Sell when price closes below the open price of previous up candle. User option to trade long or short or both.

Edd
  • #51
  • May 7, 2011 10:16pm May 7, 2011 10:16pm
Steve,

Before you spend too much more of your time coding this you might want to check out the Blessing3 EA. The Blessing has been a work in progress for nearly 5 years now, and is probably the most sophisticated grid trader in Forex. The code is available to anyone. Dozens of people have worked on it since the beginning. It's worth your time to check it out.
To improve is to change. To perfect, is to change often.
  • #52
  • May 8, 2011 10:40am May 8, 2011 10:40am
Quoting Caillou
Yes, me too, 22 pops on Friday afternoon....
Hello Caillou,

Please could you share the EA settings that you used?

I did strat backtest from 2nd Feb 2011 to 5th May 2011,

It does some great trades then sametime loose just abit more than it made
Attached Image (click to enlarge)
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Attached File(s)
File Type: zip caillou ea.zip   22 KB | 332 downloads
  • #53
  • May 8, 2011 10:50am May 8, 2011 10:50am
dont do any backtests at the weekend ... spreads are usually to high
  • #54
  • May 8, 2011 11:20am May 8, 2011 11:20am
Quoting piptastic7
Hello Caillou,

Please could you share the EA settings that you used?

I did strat backtest from 2nd Feb 2011 to 5th May 2011,

It does some great trades then sametime loose just abit more than it made
Hi,

Sure. Just 0.1 lots, 10.-$ profit target. I have done lot of backtests, and sooner or later, whatever TF, whatever profit target, the account is blown up...... but I prefer to see that in forward tests, that is what demo accounts are for......

Thank you
  • #55
  • May 8, 2011 11:58am May 8, 2011 11:58am
Quoting Caillou
Hi,

Sure. Just 0.1 lots, 10.-$ profit target. I have done lot of backtests, and sooner or later, whatever TF, whatever profit target, the account is blown up...... but I prefer to see that in forward tests, that is what demo accounts are for......

Thank you
Hello,

Ok, thanks. Which hours did you trade during the Friday gone? In the EA ProfitTarget is default at $1 ? And should be $10?

What do you use for TrendWithLotMultipler, SingleTradeProfitTarget?
And are you using RSI?

thanks again,
  • #56
  • May 8, 2011 12:10pm May 8, 2011 12:10pm
Quoting piptastic7
Hello,

Ok, thanks. Which hours did you trade during the Friday gone? In the EA ProfitTarget is default at $1 ? And should be $10?

What do you use for TrendWithLotMultipler, SingleTradeProfitTarget?
And are you using RSI?

thanks again,
Hi,

Default settings, 0.1 lots, 10.-$, no RSI......
  • #57
  • May 8, 2011 12:47pm May 8, 2011 12:47pm
Hi Caillou,

System looks good, backtest is not optimal as modelling is only 25% most probably because OrderSend error 4107, let me know if you are getting same error or not.
  • #58
  • May 8, 2011 12:53pm May 8, 2011 12:53pm
Quoting FXtime
Hi Caillou,

System looks good, backtest is not optimal as modelling is only 25% most probably because OrderSend error 4107, let me know if you are getting same error or not.
Yes, me too, that's why I only believe in forwardtests. This evening will try 2: 0.1 lots, 10$, M1 and 0.1 lots, 10$, S1....let's see.
  • #59
  • May 8, 2011 1:53pm May 8, 2011 1:53pm
Quoting forexhard
Steve,

Before you spend too much more of your time coding this you might want to check out the Blessing3 EA. The Blessing has been a work in progress for nearly 5 years now, and is probably the most sophisticated grid trader in Forex. The code is available to anyone. Dozens of people have worked on it since the beginning. It's worth your time to check it out.
Hehe. Grid traders simply confuse me, but thanks anyhow.

  • #60
  • Edited 8:17pm May 8, 2011 2:09pm | Edited 8:17pm
Anyway we could add a setting so that after X number of trades, or margin left, the EA will close all trades at the first sign of profit to avoid having a million trades open and the possibility of a margin call?

Edit:

Also, on my Alpari demo the EA opens a new position (long) and if that position goes into the positive a few cents it is immediately closed. The only way it gets to the actual profit target is if the first candle doesn't close in the positive.
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