Pippo: a Murrey Maths retrace auto-trading EA by SteveHopwood | Page 4 | Forex Factory

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Pippo: a Murrey Maths retrace auto-trading EA by SteveHopwood

  • #61
  • Jun 15, 2011 10:54am Jun 15, 2011 10:54am
Should be 60(as in min).
Vincit qui se vincit.
  • #62
  • Jun 15, 2011 11:57am Jun 15, 2011 11:57am
Quoting Pippopotamus
Should be 60(as in min).
Damn. I hate it when I do that.

I used my previous set file on the update and it had 15 in the MMPeriod.

In re-reading Steves post on this latest update, he did say he modified the MMPeriod. I should have checked that.

Its ticking away again the way it should. I will provide results as they come in.

Thanks

Dave R.
  • #63
  • Jun 15, 2011 12:17pm Jun 15, 2011 12:17pm
Quoting Pippopotamus
Should be 60(as in min).
I do not think that I made sufficiently clear in post 1 that I lifted the MM calculation code without understanding it.

Standard with inputs such as MMPeriod is that if left at 0 then the indi consults the current time frame. If set to a different value, the indi continues to consult the time frame chosen in the input, allowing the user to change tf's at will without changing the status of the data.

Is this the case with the MM indi from which I pinched the code?

  • #64
  • Jun 15, 2011 12:20pm Jun 15, 2011 12:20pm
Quoting droland
Damn. I hate it when I do that.

I used my previous set file on the update and it had 15 in the MMPeriod.

In re-reading Steves post on this latest update, he did say he modified the MMPeriod. I should have checked that.

Its ticking away again the way it should. I will provide results as they come in.

Thanks

Dave R.
Don't feel bad I missed it also and MM was set to 15. I was trying to figure why I was getting so many duplicate trades. Oh well.....
  • #65
  • Jun 15, 2011 12:58pm Jun 15, 2011 12:58pm
Quoting Pippopotamus
wasn't sure either...just checked my charts...looks like 0 defaults to current TF.
Thanks for the input guys.

I would imagine that once we are sure that we won't be using say H4 bands on an H1 chart, we can remove the extern part of this variable and make it internally default to the current chart TF.

Helps to eliminate stupid errors like mine.

Dave R.
  • #66
  • Jun 15, 2011 1:01pm Jun 15, 2011 1:01pm
Beautiful.

I just looked at my demo and I am already up 1% from my fix this morning.

I know, I know, too early to tell anything yet but I have a good feeling about this EA.

dr
  • #67
  • Jun 15, 2011 1:27pm Jun 15, 2011 1:27pm
Quoting Pippopotamus
Forget about it. At least you are trying to help things along.
Steve, Pippo
Just came in for lunch and found 2 trades on D1 charts........Got to be a milestone.......

whip
  • #68
  • Jun 15, 2011 1:35pm Jun 15, 2011 1:35pm
I am attaching two pics to help in this question. I have the four lot sizes set up as 0.1, 0.2, 0.6, 1.2 for a $10k account.

When I started up each chart, the EA opened pending trades but not starting at 0.1.

As you can see, EurUsd started at 0.2 on the 0/8 Band whereas the GbpUsd started at 1.2 on the 1/8 Band. There were no previous open trades in the sequence.

According to the #1 post, I quote:

"Lot sizes make use of the Recovery principles we have learned via Nanningbob and The Beast. (Newbs, read 'A note to newbie traders' further down.)

I started from the principle of using Pippopotamus' 1.2.6 Recovery. For the fourth lot size, I decided upon 1.2.6.12. As the market enters each band that contains a trading level, Pippo send a pending limit trade at that level. If the first one triggers and the price then retraces to the tp level, all well and good. If the market continues and triggers successively higher-level trades, then the increasing lot size means that the highest level trade retracing to its tp will automatically mean that the basket is in profit and can be closed."

While the progression will work, once the pair cycles through the centre and moves up or down through the Bands, however when you first open and it is already at the 0/8 etc outer limit, it opens the larger lot size but not logically.

In my example 1.2 was opened on a less extreme band (on the GbpUsd) than the EurUsd which only opened 0.2 lot size on a more extreme limit band.

I am thinking it is not such a bad idea as we are already out at the extreme and a reversal is far more probable but I would like to understand how this is currently set up.

Dave R.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pippo gbpusd.jpg Size: 223 KB
Click to Enlarge Name: pippo eurusd.jpg Size: 239 KB
  • #69
  • Edited 2:28pm Jun 15, 2011 2:20pm | Edited 2:28pm
Hello to All,

I was just going through the code and came across this that might be reversed

PHP Code
//Neutralise the tp if necessary   
      if (TakeProfit == 0) bool result = SendSingleTrade(type, " ", lotsize, price, 0, take);
      else result = SendSingleTrade(type, " ", lotsize, price, 0, 0);
and maybe it should be
PHP Code
//Neutralise the tp if necessary   
      if (TakeProfit == 0) bool result = SendSingleTrade(type, " ", lotsize, price, 0, 0);
      else result = SendSingleTrade(type, " ", lotsize, price, 0, take);
but then again it might not matter because it looks like if it gets this far it will have a value grater than zero in the take variable.

Edit ** After making this Change in the code I was able to get results with the back tester, before I was getting trades that would open and close at $0.0 P/L
EK
  • #70
  • Jun 15, 2011 2:36pm Jun 15, 2011 2:36pm
Quoting hiredwhip
Steve, Pippo
Just came in for lunch and found 2 trades on D1 charts........Got to be a milestone.......

whip
Answers one of the questions I posed in post 1, then. Assuming you have the correct MMPeriod setting and are not accidentally trading off the M15.

  • #71
  • Jun 15, 2011 2:41pm Jun 15, 2011 2:41pm
Quoting SteveHopwood
Answers one of the questions I posed in post 1, then. Assuming you have the correct MMPeriod setting and are not accidentally trading off the M15.

Hi Steve,
MMPeriod setting is 1440...........And I'll have to admit it was a guess after Googleing MM and doing some reading.....Have never used MM before....

It's doing well

whip
  • #72
  • Jun 15, 2011 2:44pm Jun 15, 2011 2:44pm
Quoting hiredwhip
Hi Steve,
MMPeriod setting is 1440...........And I'll have to admit it was a guess after Googleing MM and doing some reading.....Have never used MM before....

It's doing well

whip
Fabulous. Definitely a question answered; Pippo will trigger D1 trades.

  • #73
  • Jun 15, 2011 3:20pm Jun 15, 2011 3:20pm
Quoting Pippopotamus
For now, think about making your charts more legible. Suggestions about what is a good/bad idea concerning trading method are unwelcome, unwarranted, and utter nonsense at this point in the BOT's development.
Several points here:

1. My comment about the idea of a larger lot size near the extreme of the Bands was simply an adjunct to my main question because I saw that it was happening and I didn't know why.

2. My main question was why is it happening. From the instructions and from reading the Pippo thread several times and having read the The Beast thread three times, the Recovery concept of 1.2.6 is being applied here with the addition of 12 to give us 1.2.6.12. If that is the case, why am I getting the largest lot size opening without the preceding smaller trades. Also why would I be getting the 2 level lot size on one pair that is on a Band farther to the extreme than on another pair where I am getting the 12 level lot size on a Band that is closer to the the centre.

3. Finally, my chart ONLY has Pippo on it so I can't make it any clearer. The only thing I have done is zoom out so I can see the all the Bands.

I am sorry if I have offended you but as a Professional Engineer, I have built my career around poking and prodding and questioning until everything is clear, correct and working the way everyone expects. There is absolutely nothing but respect and good intentions with my questions and my observations. There was absolutely nothing whatsoever negative in my comments

This is a good project and I will continue to help where I can.

Dave R.
  • #74
  • Jun 15, 2011 3:24pm Jun 15, 2011 3:24pm
Whip has used the ATR hedge to good advantage in the beast.
Would it be useful here to handle rare cataclysmic moves, as we might eventually see in various fiat currencies, as multiple nations declare strategic default?
  • #75
  • Jun 15, 2011 3:36pm Jun 15, 2011 3:36pm
Quoting winsteadglenn
Whip has used the ATR hedge to good advantage in the beast.
Would it be useful here to handle rare cataclysmic moves, as we might eventually see in various fiat currencies, as multiple nations declare strategic default?
Someone here spoke about only use hedge if you are almost all time watching the screen and you control very well this tecnique method, therefore I donīt think that Iīm going to use it
  • #76
  • Jun 15, 2011 3:47pm Jun 15, 2011 3:47pm
You have made a good point. However, Murphy's law will guarantee that you will not be present when something catastrophic moves the market outside the bands completely. The ATR hedge can be programmed to deal with the unexpected event.
  • #77
  • Jun 15, 2011 3:50pm Jun 15, 2011 3:50pm
Quoting Pippopotamus
as a Professional Truck Driver, I am nearly impossible to offend, unless you use a baseball bat. I stand by my comments about un,un,and ut...AT THIS POINT. Your imput is necessary and highly desireable. ps. Charts are illegible...ca alors!! a quoi bon?
OK, we're cool.

Your right though, my charts are not very legible. To get my pictures, I right clicked on my chart and used "Save as Picture". That is what I posted. Not clear however.

Steve's charts for example are crystal clear.

What is the better way to get clear pictures.

Dave R.
  • #78
  • Jun 15, 2011 4:25pm Jun 15, 2011 4:25pm
Quoting Pippopotamus
Any hedging done will be done on the basis of some fraction/multiple of the distance between octaves...Like ATR, THE OCTAVES CHANGE ALONG WITH A PAIRS VOLATILITY...THEY ARE ALREADY ADAPTIVE!!! so, a fraction/multiple of the distance between octaves will be ginger peachy for hedging. Neither one of you have a clue...
I think that I understand your system, anyway forgive my ignorance. I only try to explain that you have to dedicate so much time to control very well "manual" hedge method.

Regards
  • #79
  • Jun 15, 2011 4:38pm Jun 15, 2011 4:38pm
Quoting Emerad King
Hello to All,

I was just going through the code and came across this that might be reversed

PHP Code
//Neutralise the tp if necessary   
      if (TakeProfit == 0) bool result = SendSingleTrade(type, " ", lotsize, price, 0, take);
      else result = SendSingleTrade(type, " ", lotsize, price, 0, 0);
and maybe it should be
PHP Code
//Neutralise the tp if necessary   
      if (TakeProfit == 0) bool result = SendSingleTrade(type, " ", lotsize, price, 0, 0);
      else result = SendSingleTrade(type, " ", lotsize, price, 0, take);
but...
You have not downloaded the latest from post 1 and need to do so. If you thought you had, then the download failed.

  • #80
  • Jun 15, 2011 4:38pm Jun 15, 2011 4:38pm
I have traded a similar grid for a long time and found that a global close at 1.5% was more profitable than letting trades run for ages in recovery mode.

A disadvantage of this type of grid is that very large DD can build, so the eventual choice of trading pairs is very important.

Looking forward to seeing some results
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