Caillou: another always-in auto-trader by SteveHopwood

First is " Scrap after Bull/Bear Candle "

Second is " If scrap fails, add more lots with the trend direction to get out "

Hi,

i start new test today with EA Ver.1.10 on EUR/USD. So far EA work realy fine. Can you make SL to this EA?? Thanks.

A few people have mentioned adding a SL to this one. I'm open to suggestions all though doesn't this go against the original methodology?

So what is the general consensus on SL, add to every trade opened, or per basket? Maybe candlestick trailing stop per order. What methods (if any) are using in other basket methods?

Once there is general agreement i'll update v1.11 (anyone found any bugs with the orders place based on the settings they have tried?).

Mike

On my platform not a single trade has been taken with v1.11 since 24 hrs, so guess I have a setting wrong. Thanks Mike for the PM.

I think more in the direction of a max amount that the EA should put in the market, instead of a SL.
Testing the original one worked fine, till a sudden moment, the DD kept getting bigger and bigger and when it reached 16 open positions and the DD growing, I stopped all.

It does, but who is brave enough to risk everything in a live account. I had the original method open the last 3 days in a small live account (150$ 1:400 Leverage) the swing in EU was from 1.4360 to 1.4511 with 41 trades open and feel glad that I got out with 20$ loss.


out of the box, no trades.

Magft,please, insert in Caillou 1.11 trade in trend direction.I use AllowBuyTrades-true, if on M1 charts price is above 1500EMA and AllowSellTrades-true, if PA is below,daily profit about 5%,DD less 2%.Who likes other TF may change parametrs of MA.This way Caillou bot becomes a real Winner.

Stop loss exit using the 4h Tf. This will allow PA to make it's full cycle back to it's origin. A very close SL I believed is contrary to the original plan. You may also consider sending tread every closing of the 15th-bar- that is every 15 m inutes to avoid overtrading.

Thank you Mike,

Edd

There is another thread here that has a very interesting methodology for a "semi-automatic" EA.

What it does is it expects the user to draw a trendline on the chart. No trendline = no trades. If the general direction is up and the user has drawn a trendline under the price action, then the bot will only take buy trades. If price hits the trendline and goes below it, it will then stop trading and close all open trades.

Similarly, if the market is bearish, the user draws in a trendline above the price action and the bot only takes sells. If the market then turns around at some point and breaks up above the trendline, then the bot closes all open sell trades and does not place any more.

I would also add that if this was incorporated into this bot, it would be nice if the bot would then sleep and require resetting by the user if the price broke the trendline and trading was stopped.

The bot should force the user to name the trendline "buy" (if the market was heading up and trades should only be taken above the line) and sell (for the opposite scenario). If the bot found no trendlines on the chart labelled either "buy" or "sell" then it would not trade at all and display an error message.

This would allow the user to "drive" the trading. Of course, if would mean that when the market turned, there would be some loss, but hopefully there would have been a good run of profitable closed trades prior to that.

All it would need would be some discretion from the user about drawing the trendline. Given that we know that bots cannot run 100% automatically anyway - in other words, some user discretion is required for any EA - I do not think this is unreasonable.

What do you guys think?

Invisible, could you pls post link to thread of semi-auto EA you are refering to? Cheers

to the make the grid more alligned i would suggest the following

1. adding new trades at fixed increments above/below the starting level (as opposed to each candle close. this will prevent cluster trades on the wrong side of the pivot)

2. minimum increment setting (to prevent variable thieving brokers from adding orders on spread spikes)

3. an option to stop and reverse for ppl with non hedging thieves, or to avoid additional swap and spread costs. (with new positions still only added at new increment levels)(will need basket legend to record actual p&l)


been there. done that. trying to speed up the evolutionary process.

EA made in 3 days 60$ on EUR/USD. Today opened 13 positions all closed positive. Great.

80$ Great Job!!!

Looks you have special settings, please provide us with the exact version you are using and the settings.

I use original seting, version v1.10 Edd

100$ profit or 10% in 5 days. Super!!

Running v1.10 OOTB on M5 and so far only negative results.

Must be having something wrong then, the original one worked fine, but at times kept getting more and more open trades and there comes a moment it would NEVER EVER be able to get itself out of it mathematically.

Freddy

Nou hoe bevind jy jouself in Mexico ou maat?

UITSTEKEND, mijn vriend.

Can you please share the link? Thanks

H4 is the only solution. Let's see