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Pippo: A Murrey Maths Retrace EA

  • #61
  • Aug 4, 2011 11:23am Aug 4, 2011 11:23am
Quoting KinG-Solomon
Dietcoke, I added Pippo15 to my Live account of $200USD, just to test, should it be run on default and/or should anything else be turned on? Not sure if its really getting ticks or hiccups
It should run OOTB but you need to add the MurreyMath indicator to any chart runnng pippo.

If the band high and and bandlow comments are showing -1 then the indicator is not there.
  • #62
  • Edited 7:03pm Aug 4, 2011 5:14pm | Edited 7:03pm
DietCoke

I am using the Hedge option with the Hedge starting at the +-2/8 Yellow line. I also have the option turned on to cancel the Hedge if the market moves back into the grid.

I got caught with an oscillating market that opened and closed several hedges right at the yellow line and I lost the spread each time it closed.

If we changed the following function, this would probably solve the problem by having the Ask Line move back into the Grid, not just the Bid line

Inserted Code
void LookForFailedHedging()
{
   //Close an open hedge trade if the market has moved back inside the hedge lines
   
   double high = NormalizeDouble(mml[12] + (dmml * MMLSToHedgeLine) , Digits);
   double low  = NormalizeDouble(mml[0]  - (dmml * MMLSToHedgeLine) , Digits);
   
   int cc;
   if (Bid < high && Bid > low)
Change the last line from:
if (Bid < high && Bid > low)
to:
if (Ask < high && Ask > low)

I think now, the Hedge would close with no loss due to spread.

Do you agree.

Also, the hedge trade itself is closed if the option to close hedge trade if it re-enters the grid is turned on when the grid changes size. This shouldn't happen. Not sure how to solve that.

Dave R.
  • #63
  • Aug 4, 2011 7:52pm Aug 4, 2011 7:52pm
Quoting droland
Change the last line from:
if (Bid < high && Bid > low)
to:
if (Ask < high && Ask > low)

I think now, the Hedge would close with no loss due to spread.

Do you agree.


Dave R.
Ask > low won't work as Ask>low when the hedge trade is taken.

This might be better?

if (Ask < high && Bid > low).

I don't think you can avoid losing the spread though.


Give it a try and let me know. If either change improves the way it works, I'll stick it in a new version.

An alternative is to use a small value for MMLSToHedgeLine which would place the hedge line a few pips outside the yellow

Taking a look at the function, at some point I'm going to need to rewrite it because I don't like the way it decides there is a hedge in place and also the "ReturnToGrid" is not very flexible. I feel it should be a parameter MMLSToHedgeStop, perhaps?


Quoting droland
Also, the hedge trade itself is closed if the option to close hedge trade if it re-enters the grid is turned on when the grid changes size. This shouldn't happen. Not sure how to solve that.
I tried and failed to fix that earlier. I'm trying not to think about it in the hope my sub conscious will come to the rescue.
  • #64
  • Aug 4, 2011 9:24pm Aug 4, 2011 9:24pm
Quoting dietcoke
Taking a look at the function, at some point I'm going to need to rewrite it because I don't like the way it decides there is a hedge in place and also the "ReturnToGrid" is not very flexible. I feel it should be a parameter MMLSToHedgeStop, perhaps?




I tried and failed to fix that earlier. I'm trying not to think about it in the hope my sub conscious will come to the rescue.
I agree that this function isn't reliable. I have one 0.12 trade open and this function won't work with only one trade open.

The ReturnToGrid function is something else. This moving Grid relative to open trades based on an earlier grid is extremely frustrating. I think your new Indicator is getting closer to the answer. If we can see what the grid was when the trades where entered, we should keep that grid until we reach the end of the open trades and hedges and we start new with the new grid once all the old trades are closed. Can we calculate a Shift value based on the current bar versus the shift number of the last open trade relative to the current Shift then use that shift value to calculate the grid.

Dave R.
  • #65
  • Aug 5, 2011 10:12am Aug 5, 2011 10:12am
I got an error when EA send trade command.
" op_buylimit order send failed with error(131):invalid tade volume"

my test platform trade lot is 0.1. So I think i want to set lot to 0.1.

As long as set parameter "lot1"? then what mean is lot2 lot3 lot4.

Thanks
  • #66
  • Aug 5, 2011 10:41am Aug 5, 2011 10:41am
Quoting Jerryxu
I got an error when EA send trade command.
" op_buylimit order send failed with error(131):invalid tade volume"

my test platform trade lot is 0.1. So I think i want to set lot to 0.1.

As long as set parameter "lot1"? then what mean is lot2 lot3 lot4.

Thanks
use 0.2,0.6 and 1.2
  • #67
  • Aug 5, 2011 6:38pm Aug 5, 2011 6:38pm
Hello, to install it, we need to put these two .mq4 files in the custom indicators directory and then on MT4 drag and drop the

MurreyMathLines_ShowHistory.mq4

to the chart we want to use it?

when I try to drag and drop the other file pippov15 it does nothing. but with the murreymath it draw those lines.
The Black Swan: The Impact of the Highly Improbable
  • #68
  • Aug 5, 2011 7:43pm Aug 5, 2011 7:43pm
Quoting MapleLeaf
Hello, to install it, we need to put these two .mq4 files in the custom indicators directory and then on MT4 drag and drop the

MurreyMathLines_ShowHistory.mq4

to the chart we want to use it?

when I try to drag and drop the other file pippov15 it does nothing. but with the murreymath it draw those lines.
pippo is an EA. It goes in the experts folder.
  • #69
  • Aug 5, 2011 11:12pm Aug 5, 2011 11:12pm
Quoting dietcoke
use 0.2,0.6 and 1.2

Thanks for u reply. I will test this ea next week.
  • #70
  • Aug 6, 2011 12:42am Aug 6, 2011 12:42am
Ok makes sense now, thanks.

one more question, If I want to trade manually with this system, Can I just avoid the pippo and use the murrey math indicators and enter the trades at the custom levels?

What time frame do you usually trade these levels on?

I'm testing it on GOLD 1H, but Im still waiting, because the levels where we are supposed to enter the trades, are not reached, will keep checking on monday when it resumes.
The Black Swan: The Impact of the Highly Improbable
  • #71
  • Edited 12:35pm Aug 6, 2011 12:24pm | Edited 12:35pm
V16

Lots of new Stuff here. Demo Mode only!!!!

Attention: I have messed around with the values of many of the Parameters so you should ensure they are set to your preference

#MurreyMathLines_ShowHistory indicator
Added SaveExternsToGV
Changed this to export some values via Global variables.
Set to true when using the Indi with PippoV16 and beyond which needs some of the murrey math externs

Pippo
Functionality:
Added new Parameter:- UseLimitOrders
When true, Pippo creates pending orders in the same way as in V15
when false,Pippo only looks to create pendings on the open of a new bar.
This should stop trades being opened in very fast markets. It should also help around news time
It will open BUY_STOP orders but only when price closes below the entry point.
I've spent a day testing this and it works but not yet quite in the way I envisaged. Feedback appreciated next week if possible.


Added filter (OnlyTradeWhenRanging)
If this filter is set true, pippo will not create a limit order unless the white line has already passed the entry point.
Not sure how useful this will be. I plan to test next week
This filter is irrelevant when used with UseLimitOrders = false

Added F451's Trend Identifier (Shamelessly nicked from Trendstat).
Currently it does just displays the trend status.
I want to see if this would make a decent trade filter.

Changed LookForFailedHedging to close upper line failed hedging based on Ask rather than bid

Internals:
Added 2 new functions to save or delete the values of the current MML lines to Global Variables.
The GV's are only deleted if there are no open trades.
On each EA pass through. the GV's are created if there is an open trade.
On init, the lines are calculated from GV's if they exist otherwise they are calculated from the lines on the chart as normal
The function which reads the MML's from the chart has been changed to preferentially read the Stored GV's
The end result of this should be to hold the MML's while a trade basket is in play.

Changed the internals around drawing and using hedgelines

Changed the internals around the on screen comments.

Added Comment to identify hedge, stop and limit orders.

Changed LookForFailedHedging so that it uses the order comment to identify a hedge
  • #72
  • Aug 6, 2011 1:56pm Aug 6, 2011 1:56pm
Pleasant greetings Dietcoke,

Is there a way to BT with Pippo? I've made an attempt at it, but it is not working for me.
  • #73
  • Aug 6, 2011 3:34pm Aug 6, 2011 3:34pm
Nice work DC. You have been working hard.

I will set up a demo and see how it goes.

Dave R.
  • #74
  • Aug 8, 2011 3:29am Aug 8, 2011 3:29am
There are 3 trades today. follow as result:

usdchf +72 closed
eurusd -53 open
usdchf +30 open

well done.
  • #75
  • Aug 8, 2011 3:48am Aug 8, 2011 3:48am
Quoting droland
Nice work DC. You have been working hard.

I will set up a demo and see how it goes.

Dave R.
I've pulled v16 as it has some problems.
  • #76
  • Aug 8, 2011 3:57am Aug 8, 2011 3:57am
Have V16 on my demo IBFX AU - no trades (even no limit orders) since midnight ?
  • #77
  • Aug 8, 2011 3:57am Aug 8, 2011 3:57am
so long to wait V16 .....
  • #78
  • Aug 8, 2011 5:50am Aug 8, 2011 5:50am
Quoting dietcoke
V16


Added filter (OnlyTradeWhenRanging)
If this filter is set true, pippo will not create a limit order unless the white line has already passed the entry point.
Not sure how useful this will be. I plan to test next week
This filter is irrelevant when used with UseLimitOrders = false

Added F451's Trend Identifier (Shamelessly nicked from Trendstat).
Currently it does just displays the trend status.
I want to see if this would make a decent trade filter.
Pippo is going from strength to strength thanks to DietCoke.

Just trying to get my head around how to use the Trend identifier as pippo is working on a counter trend trading style ?
Does the trend identifier identify the longer term trend ie. Daily trend if trading 4H or the 4H trend if trading 15mins ?
That way we can counter trade the small time frames and follow the longer time frame trend. Theoretically the probability of a successful trade should be in our favor.
  • #79
  • Aug 8, 2011 6:01am Aug 8, 2011 6:01am
I'm using the indicator, is this chart correct?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 28 KB
The Black Swan: The Impact of the Highly Improbable
  • #80
  • Aug 8, 2011 6:09am Aug 8, 2011 6:09am
Quoting MapleLeaf
I'm using the indicator, is this chart correct?
1. It doesn't look like you have the proper murray math lines indicator?
2. You dont have a smiley face in upper right corner which means you dont have it set to trade live.
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