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Need my strategy to be automated!

  • #1
  • First Post: Mar 7, 2013 1:43am Mar 7, 2013 1:43am
Hey,

I have a strategy which works manually quiet well (have done a lot of demo testing) but it is a bit of a hassle and takes too much of my time.

It is very simple system, so it would be easy to automate it, but unfortunately i have no idea how to do this.

So if anyone can create the automation, please contact me via email.

Thanks
  • #2
  • Mar 7, 2013 8:16am Mar 7, 2013 8:16am
Do you have verifiable results? (ie myFXbook).

For a non techie to state that a strategy can be automated is useless. You have no idea what a mechanical system is like until you made a dozen or so.
  • #3
  • Mar 7, 2013 8:58am Mar 7, 2013 8:58am
I posted this somewhere else as well.. so this is what i am talking about.


So if open sell position goes your way:
1. Sell first manually.
2. Open another same size 5pips down.
3. Close first sell position after another 5pips down.
4. Open another same size position 5 pips down.
5. Close second sell position after another 5pips down.

and on and on until manually stopped.


If it goes against me, my sell position:
1. Sell first manually.
2. Goes against me 15 pips up then sell again same position.
3. If second position goes my way in profit down 15 pips then close second position. If it goes up against me 15 pips then open another same size sell position.

Then repeat from step 2.

Take loss and close all position at 60pips.


If anyone creates it and emails it to me, or sends it here, i will tell you when to use it, what time frame, and what points to look for in a chart to open first position manually.
  • #4
  • Mar 7, 2013 10:01am Mar 7, 2013 10:01am
It looks like a grid system to me, so it can be automated.

There quite a few grid trading EAs around and maybe one of them suits your requirements.

I noticed you didn't address my point about verifiable results.
  • #5
  • Mar 7, 2013 10:08am Mar 7, 2013 10:08am
It is the usual request.
Somebody made a few bucks, didnīt test the strategy good enough, doesnīt provide
real results but wants to use somebody else to invest time to code an EA.

The EA will prove that the strategy isnīt profitable as usual.
No problem for the requester, it wasnīt his own time the coder wasted for nothing.
  • #6
  • Mar 7, 2013 11:18am Mar 7, 2013 11:18am
Quoting teofil00
I posted this somewhere else as well.. so this is what i am talking about.


So if open sell position goes your way:
1. Sell first manually.
2. Open another same size 5pips down.
3. Close first sell position after another 5pips down.
4. Open another same size position 5 pips down.
5. Close second sell position after another 5pips down.

and on and on until manually stopped.


If it goes against me, my sell position:
1. Sell first manually.
2. Goes against me 15 pips up then sell again same position.
3. If second position goes my way in profit...

So... it is only sells and you never buy.. right?

J
  • #7
  • Mar 7, 2013 11:36am Mar 7, 2013 11:36am
Quoting jeuro
So... it is only sells and you never buy.. right?

J
Right, right! And it goes like this:

[missed the first verse]

My firend We know you very well,

what you needin' We can tell,

that's why you buy what We sell..
  • #8
  • Mar 7, 2013 12:10pm Mar 7, 2013 12:10pm
Quoting fxtr51
It is the usual request.
Somebody made a few bucks, didnīt test the strategy good enough, doesnīt provide
real results but wants to use somebody else to invest time to code an EA.

The EA will prove that the strategy isnīt profitable as usual.
No problem for the requester, it wasnīt his own time the coder wasted for nothing.
So very. Too many schemers and dreamers on this forum.
  • #9
  • Mar 7, 2013 1:03pm Mar 7, 2013 1:03pm
.
.
Take it easy fxtr51 ..
A lot of us understand that sometimes people hand down 1/2 baked strategies and missing some millions
details and probably losers.

But I do agree there is a lot of dreamer in this forum.
Including you, that I assume would like to be handed down a fully tested strategy, with at least
1 year complete myfxbook stats proving that the strategy is profitable.... and perhaps all the algorithms
and calculations with maximum details ,, right? .

See, Codemeister ( and I am sure that the expression "oh no, not again" has come up to his mind) but
at least pointed out issues and suggested alternatives.

J.
  • #10
  • Mar 7, 2013 1:38pm Mar 7, 2013 1:38pm
Jeuro, I have two questions for you.

1. Don't you think its reasonable for a requestor to put more effort into doing due diligence testing than the effort required on the part of the coder? Keep in mind that often it takes a lot of effort just to understand what is wanted and even a small misunderstsnding can result in a lot of rework on the part of the coder.

2. How can a non coder even imagine how much coding / testing effort is required.? All too many requests include some remark about how easy the coding is. Truth is, even experienced coders have a hard job estimating the effort required. And don't believe those comments from coders who give off the cuff estimates like a hour. Unless they have done it before, nothing worthwhile can be done in less than a day.

Asking for verifiable results is reasonable.
  • #11
  • Mar 7, 2013 1:49pm Mar 7, 2013 1:49pm
Quoting jeuro
So... it is only sells and you never buy.. right?

J
"Sell" i mean short. Of course you can long too, but that i guess has to be separately done in another EA so you can go long or short at a giver resistance or support...
  • #12
  • Mar 7, 2013 1:56pm Mar 7, 2013 1:56pm
Quoting fxtr51
It is the usual request.
Somebody made a few bucks, didnīt test the strategy good enough, doesnīt provide
real results but wants to use somebody else to invest time to code an EA.

The EA will prove that the strategy isnīt profitable as usual.
No problem for the requester, it wasnīt his own time the coder wasted for nothing.
I have not tested the system for months, an EA would help me do that with back test. I am not here to waste time of others, but ask for help, so please avoid wasting your time if you are here to whine and assume things about me.
  • #13
  • Mar 7, 2013 2:04pm Mar 7, 2013 2:04pm
Quoting CodeMeister
It looks like a grid system to me, so it can be automated.

There quite a few grid trading EAs around and maybe one of them suits your requirements.

I noticed you didn't address my point about verifiable results.
I didn't find similar to this. Even with its simplicity, it also requires good entry for consistency.

I have only tested it for 2 weeks, so no i haven't got lots of results.

This isn't the holly grail, it isnt even perfect as an idea, but i believe it will be consistent with good overall entries.
  • #14
  • Mar 7, 2013 3:49pm Mar 7, 2013 3:49pm
Come back when you have three months of verifiable results.
  • #15
  • Mar 7, 2013 3:56pm Mar 7, 2013 3:56pm
For people reading this thread who are seriuos about builfding a profitable automated system, this article will provide some insight into how to go about doing it.

http://jspauld.com/post/35126549635/...arning-and-hft
  • #16
  • Edited 9:48pm Mar 7, 2013 9:12pm | Edited 9:48pm
Quoting teofil00
I have not tested the system for months, an EA would help me do that with back test. I am not here to waste time of others, but ask for help, so please avoid wasting your time if you are here to whine and assume things about me.
You are the whiner who has no respect for others.
Why donīt you pay a coder ?
You want it for free obviously.
(You posted your request first in the "I will code your EAs and Indicators for no charge" thread)

You have to learn that there is nothing for free in this world, but as I said: the normal request,
wanting others to work for free, putting no efforts into the project themselves.
The "free meal" mentality and then complaining when somebody is telling you the truth.

Be sure that other coders read how you treat people and they will never ever be your fool,
because you are shouting out loud: I need a fool to work for free for me.
  • #17
  • Last Post: Mar 7, 2013 10:48pm Mar 7, 2013 10:48pm
Quoting CodeMeister
Jeuro, I have two questions for you.

1. Don't you think its reasonable for a requestor to put more effort into doing due diligence testing than the effort required on the part of the coder? Keep in mind that often it takes a lot of effort just to understand what is wanted and even a small misunderstsnding can result in a lot of rework on the part of the coder.

2. How can a non coder even imagine how much coding / testing effort is required.? All too many requests include some remark about how easy the coding is. Truth is, even experienced coders...
Hi CodeMeister.
1. Yes, more then reasonable. I think "you" Handled it very professionally by requesting it in a nice way.
2. Then can not imagine. They only do "after" someone takes the time to go trough a first project with them to understand it.

I also know that thousand of details start to emerge after someone gets a first idea and that, like you say, itself can take days.

I just thought Fxtr51 went a bit to "hard" for no reason.
I understand that here in FF we have a lot of "free loaders" that want everything handed out for nothing.
And with time we all come to know who they are. By reading Teofil00 posts I believe He does not fit that profile.

J.
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