Sixths trading - an EA by macman, Bob and Steve mk 2

Quoting Saintsurfer

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please guys, do anyone have a version of TOB that it`s simple trailing stop works, as I found out that the version I have and also the latest one do not? I find it very useful to trail when in recovery and to reenter again at better price if recovery trade get stoped out by trailing stop.

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bool IsThisPairTradable()
{
   //Checks to see if either of the currencies in the pair is already being traded twice.
   //If not, then return true to show that the pair can be traded, else return false
   
   string c1 = StringSubstr(Symbol(), 0, 3);//First currency in the pair
   string c2 = StringSubstr(Symbol(), 3, 3);//Second currency in the pair
   int c1open = 0, c2open = 0;
   CanTradeThisPair = true;
   for (int cc = OrdersTotal() - 1; cc >= 0; cc--)
   {
      if (!OrderSelect(cc, SELECT_BY_POS) ) continue;
      if (OrderSymbol() == Symbol() ) continue;
      int index = StringFind(OrderSymbol(), c1);
      if (index > -1)
      {
         c1open++;         
      }//if (index > -1)
   
      index = StringFind(OrderSymbol(), c2);
      if (index > -1)
      {
         c2open++;         
      }//if (index > -1)
   
      if (c1open == 1 && c2open == 1) 
      {
         CanTradeThisPair = false;
         return(false);   
      }//if (c1open == 1 && c2open == 1) 
   }//for (int cc = OrdersTotal() - 1; cc >= 0; cc--)

   //Got this far, so ok to trade
   return(true);
   
}//End bool IsThisPairTradable()

bool IsTradingAllowed(string style)
{
   /*
   I originally coded this function before thinking of Box trading. It's purpose was to block ct trades that
   failed any of the filters/criteria included here.
   
   Once two hedged box trades have filled and one has hit tp, the second is left heavily into DD and 
   needing Recovery. The CT filters are unwanted, so I have tried to overcome this by cancelling the
   filters when OpenTrades > 0   

   Adding the UseSlowkey filter to wbt means we need a way to differentiate between calls to this function
   from CT and WBT functions. There are two strings sent to tell TB which is which
      - #define  ct "Counter Trend"
      - #define  wb "White Box"

   */
   
   //Trades count
   if (OpenTrades + PendingTrades >= MaxTradesAllowedPerPair) return(false);

   //CT trading for Recovery only
   if (style == ct && OnlyCtTradeForRecovery && OpenTrades == 0) return(false);
   
   //This is possibly redundant, but I include it as a check anyhow
   if (Bid <= TopGoldLine && Ask >= BottomGoldLine && style == ct) 
   {
      Touches = 0;
      return(false);
   }//if (Bid <= TopGoldLine && Ask >= BottomGoldLine) 
   
   //Maximum spread
   if (MarketInfo(Symbol(), MODE_SPREAD) > MaxSpread) return(false);
 
   //Maximum open pairs check
   if (!PairsNotAtMaximumCheck() && OpenTrades == 0) return(false);//Sorry about the confusing double negative guys
 
   //Swap filter
   if (OpenTrades == 0) TradeDirectionBySwap();

   //An individual currency can only be traded twice, so check for this
   CanTradeThisPair = true;
   if (OnlyTradeCurrencyTwice && OpenTrades == 0)
   {
      IsThisPairTradable();      
   }//if (OnlyTradeCurrencyTwice)
   if (!CanTradeThisPair) return(false);
   
   //CT trading filters
   if (!CounterTrendTrading && !OnlyCtTradeForRecovery && style == ct) return(false);//Both turned off
   if (CounterTrendTrading && OnlyCtTradeForRecovery && OpenTrades == 0 && style == ct) return(false);//CT for Recovery only
   
   
   
   return(true);


}//End bool IsTradingAllowed(string style)

bool PairsNotAtMaximumCheck()
{
   //Returns true if the no of pairs being trades is <= MaxOpenPairsAllowed, else false
   
   NoOfPairsTrading = 0;
   
   //if (OrdersTotal() < MaxOpenPairsAllowed) return(true);
   if (OrdersTotal() == 0) return(true);
   
   NoOfPairsTrading = 1;
   
   //Put the pair symbols into an array
   string OpenPairs[];
   ArrayResize(OpenPairs, OrdersTotal() );
   OrderSelect(0, SELECT_BY_POS);
   OpenPairs[0] = OrderSymbol();
   
   for (int cc = 1; cc < OrdersTotal(); cc++)
   {
      OrderSelect(cc, SELECT_BY_POS);
      OpenPairs[cc] = OrderSymbol();
      NoOfPairsTrading++;
      //Loop back to see if this is a fresh pair
      for (int d = cc - 1; d >= 0; d--)
      {
         if (OpenPairs[cc] == OpenPairs[d] )
         {
            NoOfPairsTrading--;
            break;
         }//if (OpenPairs[cc] == OpenPairs[d] )
         
      }//for (int d = cc - 1; d >= 0; d--)      
   }//for (int cc = 0; cc < OrdersTotal(); cc++)
   
   if (NoOfPairsTrading < MaxOpenPairsAllowed) return(true);
   
   //MaxOpenPairsAllowed is reached, so see if there is already a trade open for this pair. If so, allow the
   //trade send as it might be required for recovery/hedging
   for (cc = 0; cc < OrdersTotal(); cc++)
   {
      if (!OrderSelect(cc, SELECT_BY_POS) ) continue;
      if (OrderSymbol() == Symbol() ) return(true);   
   }//for (cc = 0; cc < OrdersTotal(); cc++)
   
   //Got this far, so MaxOpenPairsAllowed is reached and the trade is not required for hedging or recover, 
   //and so should be cancelled
   return(false);

}//End bool PairsNotAtMaximumCheck()

Quote

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Originally Posted by forexpippy http://www.forexfactory.com/images/buttons/viewpost.gif
...I've been trading the 20th June version of TB with great success..

Quoting Inquisitor

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Hi forexpippy,

I've been using the June 8th version of TB (post #1991). Is there a more recent version?
TB has been very good to me so far.

Best Regards,

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Quote

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Originally Posted by forexpippy http://www.forexfactory.com/images/buttons/viewpost.gif
...NB's 6ths trading is one of the only strategies I've actually felt comfortable with in forex (which is odd, given that it imports a considerable level of floating DD compared to most other strategies). But I find the logic to be sound and sits well with my own personal trading style...

Quoting Inquisitor

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I've been very conserative with respect to lot size, risking only 0.01 lots per $400 balance per number of pairs

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Quote

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Originally Posted by forexpippy http://www.forexfactory.com/images/buttons/viewpost.gif
Are you using a standard account, e.g 0.01 lots means one pip is $0.10?

Quote

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Originally Posted by Inquisitor http://www.forexfactory.com/images/buttons/viewpost.gif
That's for a standard account. To trade nano lots, just multiply the answer by 10. For example $10,000 (I use balance) / $400 x .01 / 5 (max pairs) comes to .05 standard lots or 0.5 nano lots.

Quoting carolco

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I think somewehere was told min. 200USD per 0.01 cent/pip..

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Quoting Rascacio

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Hi there, I have a question for all of you still using TB. I've been using it for ages now and am pretty happy with it so far, but today I wanted to open the properties box on EURGBP and it will not open up. It opens on every other pair that I am running. I've removed it and reloaded it umpteen times but to no avail.

Can anyone shed any light on this as I can't seem to find an answer ?

Cheers

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Quoting MurphyMan

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I have had that happen also. Just another MT4 mystery, I guess.

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Quote

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Originally Posted by MurphyMan http://www.forexfactory.com/images/buttons/viewpost.gif
... Just another MT4 mystery, I guess.

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Originally Posted by laharjayahttp://www.forexfactory.com/images/buttons/viewpost.gif
...maybe having some other reason ...usd400/0.01/pair

   //Monitor box trades for an opportunity to move a successful one to BE and close the outstanding pending
   if (BoxBuyOpen == 1 && Ask >= TopGoldLine && OrderStopLoss() == 0 && !RecoveryInProgress)
   {
      bool result = OrderModify(OrderTicket(), OrderOpenPrice(), 
                    NormalizeDouble(OrderOpenPrice() + (BoxBreakevenProfit * Point), Digits), OrderExpiration(), CLR_NONE);
      if (!result) return;

Quoting qooyend

Disliked

Hello Steve,

I am analyzing The Beast code in an attempt to port it to Dukascopy API and I am amazed by Your ability to handle such a complex piece of software. One of the things that keeps me away from MT4 is its 'ancient' language that makes programming of complex algorithms extremely hard compared to modern object/functional languages.

Anyway, I think I have found a bug that prevents BE setting on White Box trades, though I am not sure about the MT4 behaviour on this - I just read the code.

[code]
//Monitor box trades for an opportunity...

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