Kevinator's M5 retracement strategy: an auto-trader by SteveHopwood

SERIOUS WARNING

 

1. Most Forex traders lose all their money.
2. Using the robot posted here in trading Forex does not guarantee success.
3. Trading this robot could lead to serious financial loss.
4. Trading this robot without understanding its underlying trading strategy guarantees traders will lose their money.
5. This is not a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. This ea requires frequent manual intervention.
6. At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.
7. To trade this robot, you have to understand the thread at http://www.forexfactory.com/showthread.php?t=297744

Introduction
Welcome to Kevinator. Kevin's strategy is brilliant; this EA is an attempt to automate part of it.




Trade Entry

Kevin posits two trading styles using his strategy. I was successful with the second one, MOM (momentum, or 'slingshot' trading).

 

1. 240M "MOM" trades
   1. Sell when market hits/breaks TMA upper line and H4 Stoch is stepping down.
   2. Buy when market hits/breaks TMA lower line and H4 Stoch is stepping up.

Trade exit

 

1. Take profit
   1. Hard take profit or
   2. The TMA outer line (UseOuterTma). Kev can also be told to move the tp if the outer line moves (MoveTpWithTma)

2. Stop loss
   1. Hard stop loss

Adjusting take profit and stop loss using Click and Drag
I have added the functionality from 'Click and Drag take profit and stop loss EA'. Users of the original ea will recognise the inputs. Kev will also take over a manually-entered trade, so long as the trade has the same magic number as Kev (default 0).

Required indicators
I have incorporated the code for TmaTrue within the EA, so you need this on your charts only if you want visual confirmation of the data the EA is working with.

iKevinator is required on the chart. My code for ascertaining whether the H4 Stoch is down or up did not always show the same message as the indi. To avoid the confusion, Kev reads the indicator's 4H label, which will read either 'Up' or 'Dn'. Without this indi on your chart, Kev cannot work. Ignore the M60 reading; Kev does not use it. Use the attached version in combination with Kev.

Live trading
I have manually traded successfully by

 

1. waiting for the market to move outside the dotted lines that Kev draws above and below the TmaTrue outer line, and that the indi also draws if it is on the chart.
2. waiting for the market then to retrace back inside these dotted lines.
3. sell if the markets has moved above then fallen back under the upper line, and the H4 Stoch label is 'Dn' (down). MinBreakPips is the input that controls the distance of the dotted line to the TmaTrue outer lines.
4. buy if the markets has moved below then risen back above the lower line, and the H4 Stoch label is 'Up'.

I am happy with the manual method. The EA that trades it has run without hitches on my demo account this week. I have put it on my live account trading 0.01 lots.

In conclusion
I have re-written this first page. Originally, I had coded Kev to trade both of the trading strategies, so the first few pages of replies are about this. To read from where I notify people of this update, go to http://www.forexfactory.com/showthre...73#post4815573


Have fun.






Useful utilities/EA's/scripts

 

1. MaryJane has posted a fabulous utility to allow us to resize EA input windows: http://www.forexfactory.com/showthread.php?t=299017
2. Multi purpose trade manager: http://www.forexfactory.com/showthread.php?t=89371
3. Account equity analyser: http://www.forexfactory.com/showthre...16#post4693716 Also at http://www.forexfactory.com/showthre...98#post4709098, which includes a template for both USD and the Euro.

Most promising trading EA's

 

1. The Beast: http://www.forexfactory.com/showthre...=1#post4135863
2. Pippo: http://www.forexfactory.com/showthre...96#post4675196
3. Reversi: http://www.forexfactory.com/showthread.php?t=294255
4. Ibuks: http://www.forexfactory.com/showthre...88#post4656888
5. FTLR: http://www.forexfactory.com/showthre...85#post3831885

thx a lot, will give it a try

Hi Steve,
I don't see how you do this......I took a check last night and I'm running 11 demo's.....I have one that I couldn't remember what it was and I've gone back to the thread to try and figure it out......
Keep the fun rolling

whip

This has a nice feel to it. Thanks, Steve.

Just the one space for testing that I can use now.
Been trading this manual today and made pips without any losses, so it has future.

I assume that the TMA and RF indicators that Kevinator relies on need to be download from the other thread?

May be helpful if the were in post 1

Steve, it is really difficult to keep up with you lol..... I am now in the habit to go to your profile / postings once a week, to find out about all your new toys.....

Question: Is there a possibility to code the click & drag sl/tp EA (maybe) you posted at #1451 over at the main thread as a script? As I mentioned before, I love the simplicity of the "breakeven" line coded in The Beast simply drag and all open positions tp is updated. But I would prefer not to always swap in / out of EA's to do so.....

Now I have to read another long thread (Kevinator...) to understand what this is about....

Cheers & thanks in advance for your (hopefully) favourable consideration of above!

Steve,

Thanks for doing this! I was actually putting together a PDF for you to see if you could make one for this. I'll be testing it on a pair or two. I'll let you know how it goes.

Simple

Done. Good idea.

How far did you get with the pdf? I would be interested to see it if it were close to being finished. I only met the trading strategy yesterday, so I do not pretend to have a complete handle on it.

Hello Steve and all. Thanks for another ea Steve. I have the ea on the eu pair but so far no trades on the 5m chart. Also I tried to do a backtest, and no trades happened either? Thanks
Vince

It is not really feasible because there is would have to be an endless loop with no way to unload the script without closing the chart, unless I were prepared to do some extra coding, and I am not.

It gives me an idea though. Maybe c&d should be a regular part of all my ea's. I can add it here first and then to my shell ea for future use.

Leave it with me.

I have been backtesting all day. Make sure you have the correct indi's in your folder, especially the TMATrue.

It cannot have taken a trade, as the rules have not been met yet.

Please read before you ask.

Hi Steve

I wrote a similar script with endless loop,

in the end I used a global variable to unload the script.

ie. when the script loads it sets/creates the variable to for instance 1
if it needs to be ended, user presses f3 sets the variable to 0

in the script it loops while this variable is 1

maybe not the most beautiful way of doing it (I really hate coding endless loops) but it does work

Regards
John

Hello Freddyfx and hope you are having a great day! I have read the thread as well as tried the trading manually but when I tried a backtest no results. Steve I do have the indicators in the correct folders. I will try with another broker and see what happens.
Thanks!
Vince

I dont take trades on backtests as well :/

put all indis on post 1...also my stoch on backtest gets weird, same thing with you guys ?

help steeeve hehehehe

I did find that in backtesting if I used for model Open prices only(fastest....) instead of every tick then backtesting started working.

EA should have triggered a short on this last aggressive move, but nothing happened.

Yes, I noticed that backtesting produced very few trades also...may have to muck about with the settings some:nerd: