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002097's PwR scalping auto trading robot by Steve Hopwood

  • #101
  • Sep 6, 2011 10:03am Sep 6, 2011 10:03am
Quoting The Captain
In my never ending quest for a profitable EA to trade for me while I have to be at work, I will give this a try and help out as much as I can. Great work Steve as always.

0002... can I ask if you have tried this system on a 1 minute chart? Also, I see you have only been trading it a few months - could you give an honest estimate of your results thus far, either in pips or % gain?

Cheers
Hi Captain! Welcome aboard! I started to test Pwr system since 03 January of 2011. To be honest there were few days where I traded all day long, from 8.00 am to 18.00 pm Central European Time (CET) or London time +1 (GMT+1) because I have college to attend, thesis, other projects aside, etc...
I don't have my backtest results with me because I'm spending some time at my parents house waiting for classes to begin again and I only have my notebook with me.
I can give you some rough values, something from -24% (worst day ever) to +36% (the better I can recall, although I believe there were even better days) daily.
I'm sorry I can't provide you with some better data for now, I will when I return home.

I never tried it on 1min charts (it's to hard to backtest manually), I though about it today though.
  • #102
  • Sep 6, 2011 10:11am Sep 6, 2011 10:11am
Quoting Beshakey
Once the system is nulled out on the 5 minute TF, it might be interesting to see if it could be traded on the 15-30-or 60 TF using nannings V10 sytem and dashboard as a guide.

Once there is hard data and we have a few hundred trades under the belt, I bet this will be quite predictable.
I have to read that thread... don't really know how that system works...

Quoting Beshakey
Wouldn't work without a great system, 002... Thank you for sharing.
The pleasure is all mine, this system was very time consuming, the EA should make my life much easier. I thank Steve for that.
  • #103
  • Sep 6, 2011 10:12am Sep 6, 2011 10:12am
Quoting 0002097
Hi Captain! Welcome aboard! I started to test Pwr system since 03 January of 2011. To be honest there were few days where I traded all day long, from 8.00 am to 18.00 pm Central European Time (CET) or London time +1 (GMT+1) because I have college to attend, thesis, other projects aside, etc...
I don't have my backtest results with me because I'm spending some time at my parents house waiting for classes to begin again and I only have my notebook with me.
I can give you some rough values, something from -24% (worst day ever) to +36% (the better...
Cheers. I was just curious if this system was in fact profitable the way you have been testing it. Like pipcruiser mentioned, the PWR indicator is nothing more than a 200 EMA. Above the MA it is blue, and below is red. This is a good sign as the 200 EMA is a good indicator of trends, and it is used in the primary system I trade.

I am also curious to see how this would do on an m1 chart. It would need a different SL and TP structure as using the previous bars high and low may be too small. Maybe if we ask Steve nicely he would code something up.
Cap
  • #104
  • Sep 6, 2011 10:24am Sep 6, 2011 10:24am
Quoting The Captain
Cheers. I was just curious if this system was in fact profitable the way you have been testing it. Like pipcruiser mentioned, the PWR indicator is nothing more than a 200 EMA. Above the MA it is blue, and below is red. This is a good sign as the 200 EMA is a good indicator of trends, and it is used in the primary system I trade.

I am also curious to see how this would do on an m1 chart. It would need a different SL and TP structure as using the previous bars high and low may be too small. Maybe if we ask Steve nicely he would code something up....
I once heard a really good pro trader on some webinar or another, say that if you look back at your lost trades, put up the 200 and 100 ma's, you will find nearly all of your losses are because you traded against those two MA's

Shake
  • #105
  • Sep 6, 2011 10:32am Sep 6, 2011 10:32am
By the way Steve, is it possible to rename a thread? My alias is misspelled... and Aurora is much more sexier.
  • #106
  • Sep 6, 2011 10:36am Sep 6, 2011 10:36am
Looks like EU has just bounced off of 1.400 round number support. Probably no more trades for a while. EJ and AU has also bounced off round numbers as well (I have also loaded Aurora onto AU and EJ)

looks like up 45 Pips last few hours. 6W 1L.

Will post result EOD

Shake
  • #107
  • Sep 6, 2011 10:52am Sep 6, 2011 10:52am
Hi,
Quoting pipcruiser
Try to put a 200 EMA, applied to close on your chart and it seems that the "essence" of the PWR indicator is this EMA , below = red, above = blue...
I looked at the code and technically, PWR indicator is the sum of BullPower plus BearPower indicators, based on a 144 period in this case
When sum > 0 -> Blue , when < 0 -> Red

What are BearPower and Bullpower indies ?
Well, they simply represent the distance between the High (BullPower)
against the 144 EMA. For BearPower, distance between the Low against EMA.
So, it's all based on EMA at the end

cheers,
chriz
  • #108
  • Sep 6, 2011 10:59am Sep 6, 2011 10:59am
Pity it seems you've decided on "Aurora". What about "GERONIMO"--he was always good for a solid scalping
  • #109
  • Sep 6, 2011 11:10am Sep 6, 2011 11:10am
Hi Steve,

I think I have a problem with the take profit not being equal to the signal bar length...... any one else having this problem ?
  • #110
  • Sep 6, 2011 11:57am Sep 6, 2011 11:57am
Quoting SteveHopwood
added functionality that should delete unfilled pendings after PendingExpiryMinutes, for the FXCM peasants. Please check that this is working properly and sing out if not.
Sorry Steve,

Still not working!

This issue is not only with FXCM...I also use Windsor Direct, and the same problem!
Attached Image (click to enlarge)
Click to Enlarge Name: auora.GIF Size: 14 KB
  • #111
  • Sep 6, 2011 12:19pm Sep 6, 2011 12:19pm
just for the heck of it try changing the "PendingExpiryMinutes" setting to '0' and see if that works.
Hej.
  • #112
  • Sep 6, 2011 12:47pm Sep 6, 2011 12:47pm
Quoting Stitch961
just for the heck of it try changing the "PendingExpiryMinutes" setting to '0' and see if that works.
I did try that, but to no avail.
  • #113
  • Sep 6, 2011 12:47pm Sep 6, 2011 12:47pm
Hey everyone just download Aurora and will be running her on MT4 demo account on multiple 5min charts
  • #114
  • Sep 6, 2011 1:17pm Sep 6, 2011 1:17pm
Hell with it...as Steve recommended: time to jump the criminals!

I just opened a demo with Alpari UK, and it works like a charm.
  • #115
  • Sep 6, 2011 1:55pm Sep 6, 2011 1:55pm
Quoting 0002097
By the way Steve, is it possible to rename a thread? My alias is misspelled... and Aurora is much more sexier.
I know, but no. Once a thread is posted, even the op has no control over the title.

  • #116
  • Sep 6, 2011 1:57pm Sep 6, 2011 1:57pm
Quoting fchaman
Hell with it...as Steve recommended: time to jump the criminals!

I just opened a demo with Alpari UK, and it works like a charm.
I forgot to code for a zero value expiry setting; I will do this later.

  • #117
  • Sep 6, 2011 2:20pm Sep 6, 2011 2:20pm
I put the latest on about 5 hours ago. $5,000 demo on 5 pairs. OOTB.

So far, five trades have been taken, all winners. Profit on each trade ranged from $39 to $50.

Demo account up $239.

  • #118
  • Edited 2:40pm Sep 6, 2011 2:28pm | Edited 2:40pm
Edit: Disregard....operator error. Apparently I was running the ea at home on the same demo account....I thought it was a different account.


Aurora appears to be taking trades even though it is outside of my defined trading hours.
  • #119
  • Sep 6, 2011 2:30pm Sep 6, 2011 2:30pm
From today afternoon, running on 5 pairs, OOTB, 21 winners, 15 losers, trading 24 hours,risk 1%.
Interesting fact is that 5 of the losers, price went as close as 1 pip from TP, then retraced back for a loss.
Steve, do you think you can implement a TS based on %?
Or, at least, BE at over 60% or something.

Looking back at the losers, at least 7 of them were over 60% positive, then they become losers.
I don't say
  • #120
  • Sep 6, 2011 2:43pm Sep 6, 2011 2:43pm
Quoting dragosd1
From today afternoon, running on 5 pairs, OOTB, 21 winners, 15 losers, trading 24 hours,risk 1%.
Interesting fact is that 5 of the losers, price went as close as 1 pip from TP, then retraced back for a loss.
Steve, do you think you can implement a TS based on %?
Or, at least, BE at over 60% or something.

Looking back at the losers, at least 7 of them were over 60% positive, then they become losers.
I agree....Added MPTM to it for the start of the Tokyo Session.....I also think that a TS of some kind will help.....

whip
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