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Robot Lab Project

  • #81
  • Dec 24, 2014 12:32am Dec 24, 2014 12:32am
Quoting abokwaik
{quote} You need just 4 more.
I would love to see it please
We miss 100% of the shots we don't take
  • #82
  • Dec 24, 2014 5:32am Dec 24, 2014 5:32am
Quoting liruiliang
{quote} Thanks for your support and future work
I'm 2nd supporter for the idea. It would be grate if it is supported by the no-loss strategy explained here:

Inserted Video


Inserted Video
  • #83
  • Dec 24, 2014 5:35am Dec 24, 2014 5:35am
Quoting ProFXer
{quote} I'm 2nd supporter for the idea. It would be grate if it is supported by the no-loss strategy explained here: http://www.youtube.com/watch?v=DJz4E7VyeSw http://www.youtube.com/watch?v=JueAUa8TxAw
market exposure can blow your account if initial position is too big
high risk, it work great if you have limitless deep pokets.
just do it
  • #84
  • Dec 24, 2014 5:52am Dec 24, 2014 5:52am
Quoting ProFXer
{quote} I'm 2nd supporter for the idea. It would be grate if it is supported by the no-loss strategy explained here: http://www.youtube.com/watch?v=DJz4E7VyeSw http://www.youtube.com/watch?v=JueAUa8TxAw
Any one did really watched those 3-hour videos.
If yes, would you be kind to brief us on the contents. (Bullet points if possible).
No guts, no glory
  • #85
  • Dec 24, 2014 5:53am Dec 24, 2014 5:53am
Quoting ProFXer
{quote} I'm 2nd supporter for the idea. It would be grate if it is supported by the no-loss strategy explained here: http://www.youtube.com/watch?v=DJz4E7VyeSw http://www.youtube.com/watch?v=JueAUa8TxAw
I'm afraid you are the third one, and what do you mean by a no-loss strategy? The video is a little too long
  • #86
  • Dec 24, 2014 6:05am Dec 24, 2014 6:05am
Here are a group of traders that use the software in the video
http://www.forexfactory.com/showthread.php?t=501663

There are many different ways they use everything in trading arsenal but its far from a never losing system

Rooi
We miss 100% of the shots we don't take
  • #87
  • Dec 24, 2014 6:18am Dec 24, 2014 6:18am
Guys, with all respect, please No more videos.
We all can access youtube and find million similar videos.

Let's stay on course here.

Thank you,
No guts, no glory
  • #88
  • Dec 24, 2014 6:21am Dec 24, 2014 6:21am
Quoting abokwaik
{quote} Any one did really watched those 3-hour videos. If yes, would you be kind to brief us on the contents. (Bullet points if possible).
first Vid describes a Zone recovery - for bad trades, steady double your position size over hedge, it will kill you in a range market, it needs wide movement and a breakout of the zone

Steve Hopewood already published such a robot for free. it´s called loss recovery or something like this.
just do it
  • #89
  • Dec 24, 2014 6:21am Dec 24, 2014 6:21am
Quoting liruiliang
{quote} I'm afraid you are the third one, and what do you mean by a no-loss strategy? The video is a little too long
Don't worry liruiliang. I am going to develop the system. Hopefully by Saturday.

Stay tuned,
No guts, no glory
  • #90
  • Dec 24, 2014 6:27am Dec 24, 2014 6:27am
Quoting abokwaik
{quote} Don't worry liruiliang. I am going to develop the system. Hopefully by Saturday. Stay tuned,
Great, abokwaik. And thanks in advance
  • #91
  • Dec 24, 2014 6:29am Dec 24, 2014 6:29am
Quoting thodie
{quote} first Vid describes a Zone recovery - for bad trades, steady double your position size over hedge, it will kill you in a range market, it needs wide movement and a breakout of the zone Steve Hopewood already published such a robot for free. it´s called loss recovery or something like this.
Thank you thodie.

I've already developed a similar system (in the early days), I called it "Price Trap".
Actually I managed hedging in a better way than doubling.
One of the members PM me about such a system recently, and I promised to include it in the lab soon, under Hedging Systems.
No guts, no glory
  • #92
  • Dec 24, 2014 6:30am Dec 24, 2014 6:30am
Quoting liruiliang
{quote} Great, abokwaik. And thanks in advance
While on it. I have a question.

Using the system would you Close&Reverse on Opposite Signal (regardless of TP or SL).
No guts, no glory
  • #93
  • Dec 24, 2014 7:46am Dec 24, 2014 7:46am
Quoting liruiliang
{quote} Thanks abokwaik. Yes, you are right. I posted it there but no encouraging response at the moment. I can delete the post there if you want. And the original post link is http://www.forexfactory.com/showthread.php?t=288245 And for these who want turn this idea into an EA, please make your voice heard here
You have my support people. Let's make this happen!

Regards,

Ty
My job: I speculate and manage risk.
  • #94
  • Edited Dec 25, 2014 3:21am Dec 24, 2014 12:00pm | Edited Dec 25, 2014 3:21am
Hey abokwaik,

I have an idea for an EA if I may...

I have no programming skills to know if this is possible or not or how difficult it will be.

I have not traded like this live or demo because it is not really something which can easily be traded manually (as you will soon see)...hence my appealing for an EA to be created.

*Note: I have not seen this in anyplace so if someone knows anyplace where an idea like this has been requested or exists please state it for the rest of us. Thanks.

1. This idea is based off of the Heiken Ashi (HA) default indicator which comes with MT4. I would "suggest" the EA allows the option for the user to input his/her own preferred HA values.

2. See the attached Image. H4 chart is chosen just as an example - this should work on H1 or D1 or any other chart as dictated by the user.

3. Let's assume that HA begins with a Green/Bullish Signal...

- EA should wait for the HA candle to Close as Green and then open a Buy Position (Lotsize and Risk amount to me determined by User Input. SL and TP in my opinion is unnecessary for this system but you can decide to add these as user inputs too I guess.)

- As long as HA continues to close as Green/Bullish, EA should continue to open ADDITIONAL Buy positions at EVERY new candle Open

- Once HA closes as Red (i.e. a Contrary Color), ALL Open Green/Buy Positions should be closed and a Red/Sell Position opened (*Please see Arrows depicted in the attached image).

- Additional "cosmetics" can be added such as:

=> User defined trade times (e.g. I personally do not like my EAs trading during the Asian session).
=> User defined Equity/Gain Targets (e.g. Close All open trades once 5%, 10%, etc of Equity is Reached)
=> User determined Pairs to trade *(this is if you decide to code the EA to run from just ONE chart).
=> User defined Suffixes as depicted by the broker.
=> A dashboard showing stats of all of the above? (not really necessary but cosmetic nonetheless.

4. Ok...this is as far as I can remember for now. Maybe as questions are asked I can clarify further where necessary.

Well, please remember as I stated above:
"I have no programming skills to know if this is possible or not or how difficult it will be".

So temper justice with mercy, but I can say that I believe the above to be a "logical" system via which to trade the FX Market.

Thank you in anticipation of a favourable response.

Regards,

Ty


NB:
I think this is not so different from the "no-loss strategy" mentioned above by ProFXer...just shift to a Daily Chart and add functions to handle the trade recovery process. Don't ask me how that works. Thanks. Lol.
Attached Image (click to enlarge)
Click to Enlarge Name: EU-H4-Example.png Size: 60 KB
My job: I speculate and manage risk.
  • #95
  • Dec 24, 2014 1:23pm Dec 24, 2014 1:23pm
Quoting TyLamai
Hey abokwaik, I have an idea for an EA if I may... I have no programming skills to know if this is possible or not or how difficult it will be. I have not traded like this live or demo because it is not really something which can easily be traded manually (as you will soon see)...hence my appealing for an EA to be created. *Note: I have not seen this in anyplace so if someone knows anyplace where an idea like this has been requested or exists please state it for the rest of us. Thanks. 1. This idea is based off of the Heiken Ashi (HA) default indicator...
The system is clear and should do well in trending markets. Leaving cosmetics aside for now, yes it can be done.
No guts, no glory
  • #96
  • Dec 24, 2014 1:39pm Dec 24, 2014 1:39pm
From experience with compounding systems similar to the Ladder system, or the system suggested by TyLamai, I think using Reducing position sizing is better than using fixed or increasing position sizing for consecutive orders of same direction.

I will apply this concept on the next Ladder release, and hopefully also on TyLamai system when it sees the light.
No guts, no glory
  • #97
  • Dec 24, 2014 10:15pm Dec 24, 2014 10:15pm
Its worth to note that two of the robots discussed so far, namely Ladder, and CLS_LWR do not represent complete systems.

They are rather Methods of :

  1. Position Management in Ladder using price range
  2. Trade Management in CLS_LWR using time range

Those robots do not have a reliable entry/exit methods and will not be used as stand-alone robots.

But their position and trade management methods can be used as options for other robots.

More on this later,

No guts, no glory
  • #98
  • Dec 24, 2014 10:25pm Dec 24, 2014 10:25pm
Quoting abokwaik
From experience with compounding systems similar to the Ladder system, or the system suggested by TyLamai, I think using Reducing position sizing is better than using fixed or increasing position sizing for consecutive orders of same direction. I will apply this concept on the next Ladder release, and hopefully also on TyLamai system when it sees the light.
Thank you abokwaik,

I expect that quite a lot of unforeseen logical additions/enhancements/corrections will be inputted from your end as the coder - this is much appreciated. So like you said, go ahead and scale down consecutive position sizing...or make that a User-Defined option (Fixed, Reduced, Increasing) to cater for the different risk appetites of the potential User. Your Code, Your Call.

The "edge" I see in the idea above will show itself when applied across the 20 or so pairs having the least spreads (I can even place a list here if necessary). Note that I use Armada so these 20 pairs may not have the least spread with other Brokers.

Anyways, having open positions across many Pairs stand more of a chance hitting the Close-All-at-a-predetermined-Gain-percentage (3%, 5%, etc) target than waiting out on ONE Pair to do such.

This will help to "break" / even out the reliance of this system on a Trending Market...because even in a ranging market, we only need a few pips movement in "our direction" from 20 pairs to hit our target and we are out. Anyways, that's the "vision". What we wouldn't want is a choppy market...this is where we will need to "pay back" to the fx market that which we may have earned. But then again, 20 pairs DO NOT become choppy ALL at the same time do they? Lol.

Concerning the "cosmetics", those are just there as some kind of future additions if necessary. We could begin with having an EA which will be applied as many times as we have different charts - no worries. And we can use an Equity Manager like EquitySentry or whatever to manage the Close All at x% Gain function.

Just trying to help.

Thank you again abokwaik for the idea of this thread - very functional and forward-thinking in my opinion.

Also: MERRY CHRISTMAS to you and all of the rest of us!

Regards,

Ty
My job: I speculate and manage risk.
  • #99
  • Dec 24, 2014 10:45pm Dec 24, 2014 10:45pm
Quoting TyLamai
{quote} Thank you abokwaik, I expect that quite a lot of unforeseen logical additions/enhancements/corrections will be inputted from your end as the coder - this is much appreciated. So like you said, go ahead and scale down consecutive position sizing...or make that a User-Defined option (Fixed, Reduced, Increasing) to cater for the different risk appetites of the potential User. Your Code, Your Call. The "edge" I see in the idea above will show itself when applied across the 20 or so pairs having...
Great thoughts Ty,

You know what worries me about such an EA is its reliance on only one indicator (HA).
Well actually HA is not an indicator, it is just another way of representing the Open and Close of the price bars or candles.
No guts, no glory
  • #100
  • Dec 25, 2014 12:02am Dec 25, 2014 12:02am
Hi Khalil,

interesting thread, subscribed because i have just started out learning MQL4 myself about a week ago and all this interests me greatly. I just wanted to make a suggestion; instead of putting in actual SL into the system why dont we use "hidden SL" that is calculated and "manually" initiated by the EA once it gets to a certain level? Also why not code the SL in so that it doesnt take you out on big whipsaw like wics on candles, so the EA will only close/activate the SL after you get an actual candle close past the "hidden SL" level. Instead of just closing the trade when price hits it, often times price comes back and the candle closes back away from the SL level. Ofcourse this does mean when the candle does close beyond the "hidden SL" you will lose more, but i would bet that you would gain more with all the trades you dont get stopped out off by large wics.

Just a thought, maybe it wont work so well but might be worth coding up and testing. I would imagine it might be too much code for the ladder or hedging systems as you will need to hold the "hidden SL" in variables within the code as long as the trades are going....dont know how much of a hassle that would end up being tbh...
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