Sixths trading - an EA by macman, Bob and Steve mk 2 | Page 94 | Forex Factory

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

  • #1,861
  • May 20, 2011 1:43pm May 20, 2011 1:43pm
Quoting macman
Glad you are seeing light at the end of the tunnel Steve
Cheers. All it takes is grim, bloody-minded determination and trading is easy.

  • #1,862
  • May 20, 2011 1:44pm May 20, 2011 1:44pm
Quoting acostafulano
Hello Steve,
- When you say that TB "misses" the recovery trade opportunity and you notice "In time" and send a straight L3 trade. What's the criteria for this?
What would make sense to me is sending the L3 re-entry trade when the price goes past the opposite outside magenta line and then re-enters the dashed magenta (as a regular CT entry would be). Please correct me if I'm wrong
I enter the trade as close as possible to the point at which a normal ct trade would be sent.

  • #1,863
  • May 20, 2011 1:54pm May 20, 2011 1:54pm
I was thinking in the car between visits for lessons today, and realised that TB is not missing trades; it is not allowed to take them according to the balance/no of trades per currency/margin filters. I have GC ct trades heavily into Recovery from Feb, and GJ trades from earlier this month, so a lot of balance and margin is already used before a box trade triggers.

Box trading has taken TB into a whole new realm of activity. At the mo, box trades do not have the same balance etc filters that are applied to CT trades, so box trades are sent regardless of any other considerations.

Here is what I think we should now be doing:

 

  1. applying the same filters to box trades as apply to ct trades
  2. restrict the no of trading pairs to two, or maybe three at most. The rationale behind allowing a larger number of trade pairs was the comparative rarity of ct trades; this no longer applies.
  3. given that the number of pairs traded should be restricted, lot sizes can increase.

So, tomorrow I shall add the balance/trades per currency/margin filters to box trades and set up a new demo for the coming week trading 0.01 lots per $100 rather than $200 as at present. It should be interesting to see what happens with 2 pairs allowed.

We shall see.

  • #1,864
  • May 20, 2011 3:28pm May 20, 2011 3:28pm
Quoting macman
Agree 100% Whip

As to returns, 0.75% daily is probably just about spot on. IMHO anybody returning > 1% daily is almost certainly underfunded.

That said remember even at < 1% daily there is no such thing as a 'set & forget' bot ...

Glad you are seeing light at the end of the tunnel Steve
For many he IS the light at the end of the tunnel.
Vincit qui se vincit.
  • #1,865
  • May 21, 2011 7:18am May 21, 2011 7:18am
Latest update in post 1.

I looked at the CT filter code and found that a lot of it would be stopping TB from getting into Recovery of those box trades left a long way in the hole. I think I have fixed this.

Coders: here is the sequence of events

 

  1. box trades sent
  2. box trades both fill (more often than not)
  3. one hits tp leaving the other deep into dd
  4. TB 'adopts' the trade as a CT trade and goes into Recovery mode

So, it was necessary to stop TB considering balance etc once there is a trade already open. I have added consideration of the value of OpenTrades (calculated in CountOpenTrades() ) to the filters in IsTradingAllowed().

Would the coders care to glance over the function to see if you can spot any bloops?

It is not possible to add the balanced trading filter to box trades; TB send pending buy and sell trades, so balance cannot be a consideration.

  • #1,866
  • Edited 1:34pm May 22, 2011 12:10am | Edited 1:34pm
My spam filter just intercepted an email from some cretin, saying that he is testing TB and asking me if it is profitable. If not, which ea would I recommend.

It never ceases to astonish me that some people are too lazy and stupid even to read post 1 in a thread properly. This particular moron is too stupid even to work out why he cannot post in my threads. Priceless.

Hey ho. Such is life. In this case, far, far, far from intelligent life.

  • #1,867
  • May 22, 2011 12:31am May 22, 2011 12:31am
and some people are wondering why 90% of traders are lossers?
  • #1,868
  • May 22, 2011 12:40am May 22, 2011 12:40am
And tossers?
  • #1,869
  • May 22, 2011 1:01am May 22, 2011 1:01am
Yeap. I have a word for that:
"Do you know how big is the God's garden and how many fouls jumps the walls? "
For some people to think is a very painfull process, a dangerous one!
  • #1,870
  • May 23, 2011 7:33am May 23, 2011 7:33am
hi steve,
i think there is something wrong at the code. i had an open buy boxtrade and a new manual buy trade on the same pair. TB was drawing the breakeven line... but box trades should be handled separate from other trades!? - so no break even line...
or am i wrong in this case?

cheers
  • #1,871
  • May 23, 2011 8:00am May 23, 2011 8:00am
Quoting Sgt.forex
hi steve,
i think there is something wrong at the code. i had an open buy boxtrade and a new manual buy trade on the same pair. TB was drawing the breakeven line... but box trades should be handled separate from other trades!? - so no break even line...
or am i wrong in this case?

cheers
Yes.
  • #1,872
  • May 24, 2011 9:28am May 24, 2011 9:28am
Hi Steve, just wanted to make sure if this was supposed to happen or not (with the latest fix that aims at handling the box trade left in drawdown after closure of its twin trade).

In the attached pictures:
1. NZDUSD and GBPJPY box BUY and SELL open
2. both BUYS closed for profit
3. leftover SELL trades waiting to get into re-entry line to attempt recovery (as seen in the pictures)

My question: are the re-entry lines supposed to be there?

From what I understood from your last posts, the recovery entry was going to be taken as a regular CT trade, Meaning that as soon as the BUY box trade closes for a profit at the top magenta line the recovery SELL was to be open at that same spot (which is where a CT trade would be taken)

If that was the case, this recover trades would already be heading nicely towards closure

Please correct me if I'm wrong
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY.png Size: 185 KB
Click to Enlarge Name: NZDUSD.png Size: 183 KB
  • #1,873
  • May 24, 2011 10:27am May 24, 2011 10:27am
Quoting acostafulano
Hi Steve, just wanted to make sure if this was supposed to happen or not (with the latest fix that aims at handling the box trade left in drawdown after closure of its twin trade).

In the attached pictures:
1. NZDUSD and GBPJPY box BUY and SELL open
2. both BUYS closed for profit
3. leftover SELL trades waiting to get into re-entry line to attempt recovery (as seen in the pictures)

My question: are the re-entry lines supposed to be there?

From what I understood from your last posts, the recovery entry was going to be taken as a regular CT trade,...
I haven't studied this system in depth yet to comment in detail but I did notice that on top of your attached pictures that the EA is telling you that you have insufficient margin percent to enter more trades. (see top left of chart picture).

Would this have something to do with it?

Dave R.
  • #1,874
  • May 24, 2011 10:33am May 24, 2011 10:33am
Quoting droland
I haven't studied this system in depth yet to comment in detail but I did notice that on top of your attached pictures that the EA is telling you that you have insufficient margin percent to enter more trades. (see top left of chart picture).

Would this have something to do with it?

Dave R.
I thought of that too, but Steve mentioned somewhere that once the trades are already open these filters get ignored. Maybe I misunderstood this?

Anyway, my question is aimed at the drawing of the re-entry line. Is it supposed to be there? Or were the re-entry was supposed to be at magenta, right where the BUY box trade closed for profit?
  • #1,875
  • May 24, 2011 10:43am May 24, 2011 10:43am
I think that the margin check doens't allow ANY trade to be taken, instead the number of pair traded just limit the number of different Cross to be traded.

So if you are on margin limit you can't trade anymore, if you have fullfilled the pair tb can take new trade only on the pair already opened.
  • #1,876
  • May 24, 2011 2:17pm May 24, 2011 2:17pm
Quoting greven
I think that the margin check doens't allow ANY trade to be taken, instead the number of pair traded just limit the number of different Cross to be traded.

So if you are on margin limit you can't trade anymore, if you have fullfilled the pair tb can take new trade only on the pair already opened.
This is correct.

  • #1,877
  • May 24, 2011 2:22pm May 24, 2011 2:22pm
Quoting SteveHopwood
This is correct.

So, bottom line: If it weren't for the FkMinimumMargin filter the L2 recovery trade for the remaining box trade in DD would have been taken right at the spot where the sister trade closed?

If that's the case, is there a reason for the re-entry line to be drawn there?
  • #1,878
  • May 24, 2011 2:25pm May 24, 2011 2:25pm
Quoting acostafulano
So, bottom line: If it weren't for the FkMinimumMargin filter the L2 recovery trade for the remaining box trade in DD would have been taken right at the spot where the sister trade closed?

If that's the case, is there a reason for the re-entry line to be drawn there?
Yes.

  • #1,879
  • May 25, 2011 10:13am May 25, 2011 10:13am
Hi Steve, I'm still running TOB live and it's just plugging away nicely, thank's to all the hard work you and others have put in. Gracias !!

But there is one little thing that is a bit annoying and that is, when the margin filter kicks in you have no screen information. Is it possible to have the message 'There is insufficient margin etc etc' but still have all the other info on screen ?

This could be useful especially with TB running on over 25 charts in order to easily see at a glance which are the box trades that are open and which are CT's. etc.

I know it's not the end of the world but just thought I'd ask your opinion.

Thanks Steve.
  • #1,880
  • May 25, 2011 10:19am May 25, 2011 10:19am
Quoting Rascacio
Hi Steve, I'm still running TOB live and it's just plugging away nicely, thank's to all the hard work you and others have put in. Gracias !!

But there is one little thing that is a bit annoying and that is, when the margin filter kicks in you have no screen information. Is it possible to have the message 'There is insufficient margin etc etc' but still have all the other info on screen ?

This could be useful especially with TB running on over 25 charts in order to easily see at a glance which are the box trades that are open and which are CT's....
I am going to do something about this at some stage.

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