Pippo: a Murrey Maths retrace auto-trading EA by SteveHopwood | Page 25 | Forex Factory

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

  • #481
  • Jul 25, 2011 1:49am Jul 25, 2011 1:49am
Quoting droland
Someone earlier in this thread mentioned re-buying on a retracement after a close. I think it has a lot of merit. Let me explain.

Let's assume the market has risen and hit the 7/8 band and opened a short of 0.01 lots.
It keep rising and hits the 8/8 band and opens a 0.02 short.
It keeps rising and hits the +1/8 band and opens a 0.06 lot short.
Here it retraces and closes everything when it retraces to 70% of the band with a small profit.
At this point the EA normally opens a new Pending Sell Limit at the +1/8 band for 0.06 lots.

My recommendation...

Excellent idea!
Do you have any thoughts on how to automatically deal with death trades? I think this is still the great weakness of Pippo.

I tend to think about trading systems defensively first - eliminate errors and trades which damage capital, and then offensively to work on improving profitability.

cheers
f451
  • #482
  • Jul 25, 2011 6:06am Jul 25, 2011 6:06am
Quoting droland
Someone earlier in this thread mentioned re-buying on a retracement after a close. I think it has a lot of merit. Let me explain.

Let's assume the market has risen and hit the 7/8 band and opened a short of 0.01 lots.
It keep rising and hits the 8/8 band and opens a 0.02 short.
It keeps rising and hits the +1/8 band and opens a 0.06 lot short.
Here it retraces and closes everything when it retraces to 70% of the band with a small profit.
At this point the EA normally opens a new Pending Sell Limit at the +1/8 band for 0.06 lots.

My recommendation...
I believe it was me who made the suggestion, like the idea a LOT.

Right now Pippo is delivering the pips [on demo, am afraid to put it live due to an old death trade I'm dealing with], and doing well, but could be improved the way you describe above.

Did any of you already tried Pippo om commodities? Works like a charm....
  • #483
  • Jul 25, 2011 6:14pm Jul 25, 2011 6:14pm
Quoting Gertje
I believe it was me who made the suggestion, like the idea a LOT.

Right now Pippo is delivering the pips [on demo, am afraid to put it live due to an old death trade I'm dealing with], and doing well, but could be improved the way you describe above.

Did any of you already tried Pippo om commodities? Works like a charm....
Haven't - but that's a very interesting idea. Broker and symbol suggestions?
  • #484
  • Jul 26, 2011 2:29am Jul 26, 2011 2:29am
Quoting f451
Haven't - but that's a very interesting idea. Broker and symbol suggestions?
With FXCM I trade Oil and Gold, minimum lotsizes
With Markets all the available commodities, minimum lotsizes except Oil, there I trade 0.1, 0.2 etc.

Most on the H4 chart, due to large spread, being bigger than the profit on H1, causing MT4 errors signaling that there is not enough 'room' between the current price and the price in the pending being send.

For my FXCM report; www.mt4i.com/users/gertje-fxcm
This account started at 14/6 with 5.000 and is running the very first release of Pippo since. Now at 7.600+

GBPUSD is starting to worry me, will it retrace.....?
  • #485
  • Jul 27, 2011 2:34pm Jul 27, 2011 2:34pm
Hi Dietcoke.

I was wondering if you are still working on this EA or have you moved on.

Dave R.
  • #486
  • Jul 27, 2011 8:06pm Jul 27, 2011 8:06pm
using original pippo 15min charts
Attached File(s)
File Type: pdf p1.pdf   220 KB | 716 downloads
  • #487
  • Jul 28, 2011 6:30pm Jul 28, 2011 6:30pm
15min original pippo
Attached File(s)
File Type: pdf DetailedStatementt6.pdf   310 KB | 616 downloads
  • #488
  • Jul 28, 2011 10:46pm Jul 28, 2011 10:46pm
Nice return on Pippo12 on Demo

Dave R.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
Attached File(s)
File Type: zip DetailedStatement.zip   13 KB | 387 downloads
  • #489
  • Jul 29, 2011 12:20am Jul 29, 2011 12:20am
Here is my live account. 100% return in one month.

The bump at the end was my clearing of some hedge or recovery entries I tried. Damn nice return though.

Original Pippo on the first two weeks and Pippo11 and 12 on the last two weeks.

Dave R.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
Attached File(s)
File Type: zip DetailedStatement.zip   40 KB | 572 downloads
  • #490
  • Jul 29, 2011 1:47am Jul 29, 2011 1:47am
Hi, I've been trying the RIP for a while, without much success, and been watching developments here as well.

So I've loaded up Pippo V.12 on my charts but I've got no MML's. I see the code for them is missing ( compared to original ) so, do I need MML as an indicator in my platform ?

Have you any more info on the set-up for Pippo V.12 ?

Any help would be much appreciated.
  • #491
  • Jul 29, 2011 1:57am Jul 29, 2011 1:57am
Quoting Rascacio
Hi, I've been trying the RIP for a while, without much success, and been watching developments here as well.

So I've loaded up Pippo V.12 on my charts but I've got no MML's. I see the code for them is missing ( compared to original ) so, do I need MML as an indicator in my platform ?

Have you any more info on the set-up for Pippo V.12 ?

Any help would be much appreciated.
You need to load dietcoke's indi onto the chart as well as the EA to show the MM lines, not sure what post, but its called something like 'MM Lines Show History'.

Paul
  • #492
  • Jul 29, 2011 2:27am Jul 29, 2011 2:27am
Quoting batemap
You need to load dietcoke's indi onto the chart as well as the EA to show the MM lines, not sure what post, but its called something like 'MM Lines Show History'.

Paul
Thanks Batemap. I saw that indi but wasn't sure if it was the correct one.

Cheers.
  • #493
  • Jul 29, 2011 4:21am Jul 29, 2011 4:21am
[quote=Gertje;

GBPUSD is starting to worry me, will it retrace.....?[/QUOTE]

Hi Gertje, how are your GBPUSD trades doing ?

I had 3 GBPUSD Sell trades open with The Beast, first 0.08 placed on 19/7, next 0.16 on 21/7 and 0.48 on 26/7. These have now closed about 1 hr ago for a nice profit !!!!

How has Pippo handled yours so far ?
  • #494
  • Jul 29, 2011 4:28am Jul 29, 2011 4:28am
Quoting Rascacio
Hi Gertje, how are your GBPUSD trades doing ?

I had 3 GBPUSD Sell trades open with The Beast, first 0.08 placed on 19/7, next 0.16 on 21/7 and 0.48 on 26/7. These have now closed about 1 hr ago for a nice profit !!!!

How has Pippo handled yours so far ?
Same here, I entered an additional trade with 0.18 lots and all closed for profit.

I'm up 60% in less than 2 months using the very first issue of Pippo on currencies, oil and gold.

Am going live with this one now, would LOVE to see Steve H. make some changes in his EA to solve minor issues and perfect this moneymakingmachine it is......
  • #495
  • Jul 29, 2011 1:09pm Jul 29, 2011 1:09pm
Quoting droland
Hi Dietcoke.

I was wondering if you are still working on this EA or have you moved on.

Dave R.
Yep,

just back from hols. No internet

Just been reading up.

If anyone around would care to summarise the issues seen on version 12, I will have a go at tidying up.
  • #496
  • Jul 29, 2011 1:17pm Jul 29, 2011 1:17pm
Quoting droland
Here is my live account. 100% return in one month.

The bump at the end was my clearing of some hedge or recovery entries I tried. Damn nice return though.

Original Pippo on the first two weeks and Pippo11 and 12 on the last two weeks.

Dave R.
Dave,

Which of these filters are you using and which pairs are you demoing on?

UseZeljko
OnlyTradeCurrencyTwice
UseScoobsMarginCheck
UseForexKiwi
CadPairsPositiveOnly
AudPairsPositiveOnly
NzdPairsPositiveOnly
  • #497
  • Jul 29, 2011 1:27pm Jul 29, 2011 1:27pm
Quoting dietcoke
Yep,

just back from hols. No internet

Just been reading up.

If anyone around would care to summarise the issues seen on version 12, I will have a go at tidying up.
I've been trying to join this V12 party. I'm trying to backtest it but even after reloading it, it just consumes cpu and takes no trades. I'm using the default settings except I have set CriminalsECN=true and VisibleTP=false. The Pippo version on the 1st post does run fine for me. Thanks for the help.
  • #498
  • Jul 29, 2011 1:43pm Jul 29, 2011 1:43pm
Quoting dietcoke
Yep,

just back from hols. No internet

Just been reading up.

If anyone around would care to summarise the issues seen on version 12, I will have a go at tidying up.
Welcome back.

Version 12 has a rapid open/close problem of the pending trades when you turn on the OnlyTradeCurrencyTwice function.

If you look at my previous posting zip file, I have my htm results that will show you. I believe it was yesterday or the day before that I turned this function on for the first time. I didn't notice it to begin with but came back to find them churning away. I then turned it back off.

I was checking the code but got confused but I do believe that the first part of the code where OnlyTradeCurrencyTwice first appears, it is not restricting a Pending Order to open but then near the end of the code, OnlyTradeCurrencyTwice appears again, sees that a Pending Order has opened that shouldn't have and closes it.

Anyway, hope you can spot it.

Dave R.
  • #499
  • Jul 29, 2011 2:08pm Jul 29, 2011 2:08pm
Quoting kellera6
I'm trying to backtest it but even after reloading it, it just consumes cpu and takes no trades. .
I'm wondering about that too, but open trades as expected when forwarding. Thanks DietCoke!
  • #500
  • Jul 29, 2011 2:14pm Jul 29, 2011 2:14pm
Quoting dietcoke
Dave,

Which of these filters are you using and which pairs are you demoing on?

UseZeljko
OnlyTradeCurrencyTwice
UseScoobsMarginCheck
UseForexKiwi
CadPairsPositiveOnly
AudPairsPositiveOnly
NzdPairsPositiveOnly
I am trading very aggressively. All set to False except ForexKiwi set to true and the Margin is 750 for ForexKiwi.

I am running every pair on GoMarkets including Gold but not Silver.

Dave R.
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