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Robot Lab Project

  • #161
  • Dec 29, 2014 12:16am Dec 29, 2014 12:16am
Pinocchio System

Our next Robot will be using a system based on pin bars reversals.

Valid Bullish Pin Bars:

  1. Body is at most 25% of the whole bar
  2. Lower Tail at least 75% of the whole bar
  3. Upper Tail at most 10% of the whole bar
  4. Formed at Bottom (Lower than previous x bars)
  5. Lower by x pips than previous bar
  6. Bar size is at least N * ATR (x)
  7. Tick Volume above average ( MA(x) on volume)

Valid Bearish Pin Bars:

  1. Body is at most 25% of the whole bar
  2. Upper Tail at least 75% of the whole bar
  3. Lower Tail at most 10% of the whole bar
  4. Formed at Top (Higher than previous x bars)
  5. Higher by x pips than previous bar
  6. Bar size is at least N * ATR (x)
  7. Tick Volume above average ( MA(x) on volume)

Entry : Trade will be opened in Pin bar direction

  1. after a break of High(for bullish) and Low (for bearish) by x pips
  2. Or, after break by x pips, and retest of pin bar high/low
  3. Or, after a higher/lower close of the next bar

Stop Loss:

  1. x pips (-/+), (Low/High) of Pin bar
  2. y * pin bar size

Take Profit:

  1. Partial Profit at y * pin bar size
  2. Trailing Stop on remaining position

You opinions are welcome

PS: Percentages indicated for valid pin bars can be user inputs

No guts, no glory
  • #162
  • Dec 29, 2014 12:45am Dec 29, 2014 12:45am
Quoting abokwaik
Pinocchio System Our next Robot will be using a system based on pin bars reversals. Valid Bullish Pin Bars: Body is at most 25% of the whole bar Lower Tail at least 75% of the whole bar Upper Tail at most 10% of the whole bar Formed at Bottom (Lower than previous x bars) Lower by x pips than previous bar Bar size is at least N * ATR (x) Tick Volume above average ( MA(x) on volume) Valid Bearish Pin Bars: Body is at most 25% of the whole bar ...
Hi Abokwaik,

Can you make take profit inputs 2x and 5x the stop loss, move rest to breakeven after 1st tp is hit and the trailing stop optional (y/n)?
Also can you do that in the Ochuko ea.

dragan
fxkeys
  • #163
  • Dec 29, 2014 1:18am Dec 29, 2014 1:18am
Quoting Rooi
{quote} Maybe this might be useful to you if you dont know about it already http://www.forexfactory.com/showthread.php?t=494141 Rooi
Thanks,

I checked it yesterday (reached it through google).

But not what I am looking for.
No guts, no glory
  • #164
  • Dec 29, 2014 1:27am Dec 29, 2014 1:27am
Quoting dragan9
{quote} Hi Abokwaik, Can you make take profit inputs 2x and 5x the stop loss, move rest to breakeven after 1st tp is hit and the trailing stop optional (y/n)? Also can you do that in the Ochuko ea. dragan
My comments in blue ...

  1. Take profit inputs 2x and 5x the stop loss :

    1. can be done through TP and SL ooptions I described

  2. breakeven:

    1. can be sone through trailing stop.

  3. trailing stop optional (y/n) :

    1. so where to close the order ?
    2. from my experience (on the long run, it is better to use trailing stop than TP).
    3. I use trailing stop as a number for easier testing of the robot.
    4. In new robots or new versions of existing robots, you can set it to 0 (zero) to disable it. This is definitely better than using a big number, and will save PC resources.

​​Thank you for your input,

No guts, no glory
  • #165
  • Dec 29, 2014 1:55am Dec 29, 2014 1:55am
Quoting abokwaik
{quote} My comments in blue ... Take profit inputs 2x and 5x the stop loss : can be done through TP and SL ooptions I described breakeven: can be sone through trailing stop. trailing stop optional (y/n) : so where to close the order ? from my experience (on the long run, it is better to use trailing stop than TP). I use trailing stop as a number for easier testing of the robot. In new robots or new versions of existing robots, you can set it to 0 (zero) to disable it. This is definitely better than using a big number, and will save PC resources....
I don't trade anything below D1 and never look below H4, so trailing isn't really an option for me, i think it is for scalpers. My minimum 1st TP is 2x SL, 2nd TP is 5x SL (depends 3x - 5x SL), so either it is SL or TP.
How can i do that in Ochuko ea?
fxkeys
  • #166
  • Dec 29, 2014 1:56am Dec 29, 2014 1:56am
Quoting abokwaik
{quote} Fixed, and attached. Now you can set Partial_TP_Lot_Size to 0 to disable partial profit taking. Thanks, {file} {file}

Hi abokwaik, can you add the options that allow to manually input the take profit and stop loss values?
  • #167
  • Dec 29, 2014 1:56am Dec 29, 2014 1:56am
Quoting abokwaik
Pinocchio System Our next Robot will be using a system based on pin bars reversals. Valid Bullish Pin Bars: Body is at most 25% of the whole bar Lower Tail at least 75% of the whole bar Upper Tail at most 10% of the whole bar Formed at Bottom (Lower than previous x bars) Lower by x pips than previous bar Bar size is at least N * ATR (x) Tick Volume above average ( MA(x) on volume) Valid Bearish Pin Bars: Body is at most 25% of the whole bar Upper Tail at least 75% of the whole bar Lower Tail at most 10% of the whole bar Formed at Top (Higher than...
if you are going to use volume it is good to note this varies greatly from broker to broker. Alpari UK and MetaQuotes Demo feeds have good reliable tick volume data. If you check some other brokers like Oanda, their volume feed is terrible. Just a heads up.
  • #168
  • Dec 29, 2014 2:10am Dec 29, 2014 2:10am
Quoting TerryTibbs
{quote} if you are going to use volume it is good to note this varies greatly from broker to broker. Alpari UK and MetaQuotes Demo feeds have good reliable tick volume data. If you check some other brokers like Oanda, their volume feed is terrible. Just a heads up.
Noted.

I will make this optional.
No guts, no glory
  • #169
  • Edited 3:05am Dec 29, 2014 2:22am | Edited 3:05am
Quoting liruiliang
{quote} Hi abokwaik, can you add the options that allow to manually input the take profit and stop loss values?
Quoting dragan9
{quote} I don't trade anything below D1 and never look below H4, so trailing isn't really an option for me, i think it is for scalpers. My minimum 1st TP is 2x SL, 2nd TP is 5x SL (depends 3x - 5x SL), so either it is SL or TP. How can i do that in Ochuko ea?
Sorry, I missed Ochuko part

  1. Also can you do that in the Ochuko ea.?

    1. ​With all respect, ​IMHO I don't think Ochuko strategy will lead to a profitable robot. AC, AO and PSAR are lousy indicators. Mostly they will let you in too-late and also let you out too late. And they flip sides a alot, so it will be difficult to trade the trend with them.


  2. I don't trade anything below D1 and never look below H4, so trailing isn't really an option for me, i think it is for scalpers

    1. On the contrary, Trailing stop is better used on long time frames to benefit from long trends, IMHO.
    2. I am not talking here about 10pips TS. If you're trading daily it should be at least 2 xADR, and equal or greater than initial SL.


  3. ​My minimum 1st TP is 2x SL, 2nd TP is 5x SL (depends 3x - 5x SL), so either it is SL or TP. How can i do that in Ochuko ea?

    1. Ochuko robot was made according to the original strategy (not mine), we followed the rules, which says 1st TP is 1xSL, and closing on Opposite Signal.
    2. I may look back at Ochuko robot only if you or other traders who believe in the system can provide profitable tests for at least 30 trades. Fair ?​



No guts, no glory
  • #170
  • Dec 29, 2014 2:49am Dec 29, 2014 2:49am
Very fair Abokwaik
It's just opinion against opinion, mine is SL and TP...I just hope when you put BigCandle ea here, that those options will be in. Anyway your work is great, keep on!

dragan
fxkeys
  • #171
  • Dec 29, 2014 3:07am Dec 29, 2014 3:07am
Quoting dragan9
Very fair Abokwaik It's just opinion against opinion, mine is SL and TP...I just hope when you put BigCandle ea here, that those options will be in. Anyway your work is great, keep on! dragan

Sure.

In my previous response regarding Trailing Stop Loss (TS),
I was not talking about 10pips TS of course.
If you're trading daily it should be at least 2 xADR, and equal or greater than initial SL.
No guts, no glory
  • #172
  • Edited 10:03am Dec 29, 2014 4:00am | Edited 10:03am
Quoting abokwaik
{quote} ​With all respect, ​IMHO I don't think Ochuko strategy will lead to a profitable robot. AC, AO and PSAR are lousy indicators. Mostly they will let you in too-late and also let you out too late. And they flip sides a alot, so it will be difficult to trade the trend with them.

Comparing Ochuko system with Ladder (which is actually a position management method, not a complete system as I mentioned in an earlier post) shows the ladder has better ranking than Ochuko in terms of Expectancy, Sharpe Ratio, Return/Draw Down, Avg. Monthly Profit .... etc.

(check the two lines at the bottom of the image)

Attached Image (click to enlarge)
Click to Enlarge Name: EA_Compare_01.JPG Size: 160 KB
No guts, no glory
  • #173
  • Dec 29, 2014 4:07am Dec 29, 2014 4:07am
abokwaik

are you familiar with backtesting of multicurrency and multitimeframe systems coded in mq4?

any findings or opinion of the experiance
  • #174
  • Edited 4:56am Dec 29, 2014 4:39am | Edited 4:56am
Quoting 21vs7
abokwaik are you familiar with backtesting of multicurrency and multitimeframe systems coded in mq4? any findings or opinion of the experiance

  1. multitimeframe can be done in mq4, by explicitly referring to the different TFs inside the code.
  2. multicurrency is not available in mq4, I think its available now in mq5, but didn't try it yet.

PS: in case of confusion, my answer was regrading back testing. But for forward testing both are available in mq4.

No guts, no glory
  • #175
  • Dec 29, 2014 4:59am Dec 29, 2014 4:59am
Quoting abokwaik
{quote} multitimeframe can be done in mq4, by explicitly referring to the different TFs inside the code. multicurrency is not available in mq4, I think its available now in mq5, but didn't try it yet. PS: in case of confusion, my answer was regrading back testing. But for forward testing both are available in mq4.
..yes, exactly.
any experiance in multicurrency systems on your behalf and what could you say about it?
  • #176
  • Dec 29, 2014 5:36am Dec 29, 2014 5:36am
Quoting 21vs7
{quote} ..yes, exactly. any experiance in multicurrency systems on your behalf and what could you say about it?
Yes, actually I had it earlier in the table of contests in the 1st post under "coorelation systems", but removed it later due to complexity.

If you guys are interested I can put it back and discuss some systems under that group.
No guts, no glory
  • #177
  • Dec 29, 2014 5:43am Dec 29, 2014 5:43am
Quoting abokwaik
{quote} Yes, actually I had it earlier in the table of contests in the 1st post under "coorelation systems", but removed it later due to complexity. If you guys are interested I can put it back and discuss some systems under that group.
would highly recommend a system based on currency correlation - it helps to eliminate the intraday "noise" and keep a better overview
of the overall marketsituation.
just do it
  • #178
  • Dec 29, 2014 5:52am Dec 29, 2014 5:52am
Quoting abokwaik
{quote} Yes, actually I had it earlier in the table of contests in the 1st post under "coorelation systems", but removed it later due to complexity. If you guys are interested I can put it back and discuss some systems under that group.
Im interested.
  • #179
  • Dec 29, 2014 5:56am Dec 29, 2014 5:56am
Quoting thodie
{quote} would highly recommend a system based on currency correlation - it helps to eliminate the intraday "noise" and keep a better overview of the overall marketsituation.

thodie, hi

im building that kind of system.

what I found out at this point is that I found some noise inside and can trade it with relatively good win percentage. This was not my intention but statistics showed the best results in this field.

I would really like to explore more into and discuss this with someone who works extensivelly on this field.
Im building this for years now..last 2 years with relatively good results may I add.
  • #180
  • Dec 29, 2014 6:16am Dec 29, 2014 6:16am
Quoting 21vs7
{quote} thodie, hi im building that kind of system. what I found out at this point is that I found some noise inside and can trade it with relatively good win percentage. This was not my intention but statistics showed the best results in this field. I would really like to explore more into and discuss this with someone who works extensivelly on this field. Im building this for years now..last 2 years with relatively good results may I add.
http://www.forexfactory.com/showthread.php?t=300750

and

PN
just do it
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