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  • #681
  • Dec 30, 2014 12:37pm Dec 30, 2014 12:37pm
@ dambuster

I'm happy for you, sure wish I had access to the London brokers!
A good man knows his limitations ~ Clint Eastwood
  • #682
  • Dec 30, 2014 1:44pm Dec 30, 2014 1:44pm
http://www.kitco.com/images/live/nyg...07787682455684

Quoting dgodfrey
@ Kosmo - we can hope! How's this for slippage? Instead of another gain, the %gain has gone from over 20% to just over 8% ...
Grief! I didn't even have that kind of slippage when trading live, manually!

I'm guessing the broker's server is a long ways away from their liquidity provider, and they are allowing some kind of simulation of order sending. Regular demos have zero slippage because...well, you know.
Too close for pips, switching to points.
  • #683
  • Dec 30, 2014 2:15pm Dec 30, 2014 2:15pm
@Pipster

One thought, given these jerky moves this instrument is capable of:
The BE and Target values are based on a projection of hypothetical fills, so if the orders had standing SL's and TP's based on that and the market leaped beyond the projected BE or Target, you could get a nasty surprise when the orders collided, trying to fill then stopping out at once or taking profit at once regardless of the opening price they got. Or part of them wouldn't fill at all given the criteria, while others did and made the situation even worse. I know that in my example chart previous I would have been able to hit a profit cycle, had the fills not been so bad. If I had standing orders for SL's and TP's I might have realized a sizable loss.
A good man knows his limitations ~ Clint Eastwood
  • #684
  • Dec 30, 2014 3:04pm Dec 30, 2014 3:04pm
Quoting dgodfrey
@Pipster One thought, given these jerky moves this instrument is capable of: The BE and Target values are based on a projection of hypothetical fills, so if the orders had standing SL's and TP's based on that and the market leaped beyond the projected BE or Target, you could get a nasty surprise when the orders collided, trying to fill then stopping out at once or taking profit at once regardless of the opening price they got. Or part of them wouldn't fill at all given the criteria, while others did and made the situation even worse. I know that...
true....how true slippage works live is basically the price moving while the order from your broker is still on its way to the liquidity provider. The best way to beat this is use a broker that has their live server right next to the liquidity provider. Then your orders will beat the others when a pending order is triggered open. For example, if you have $10,000 laying around, if you open a Pro account with Finfx, you get the server that is literally next door to the US Comex floor, and their liquidity provider, so slippage is almost nil with a 0.3 millisecond latency. Plus they have a VPS sitting on the same server you can use, so zero platform to broker latency!
Too close for pips, switching to points.
  • #685
  • Dec 30, 2014 4:24pm Dec 30, 2014 4:24pm
A VPS provider I used in the past and will most probably use again, has a very handy latency chart, measured from their servers to various brokers.

Another option, which I haven't tested yet, but am very tempted to, is the recently launched MT4 VPS hosting service.

Quite simply, we're spoilt for choice!
mind over matter
  • #686
  • Dec 30, 2014 5:21pm Dec 30, 2014 5:21pm
I'd like to use something like that. I would still have to have a broker for the VPS tho, so I'm open for better than what I have with FXCM.

Just watched my BET version clip the buy side BE calculation, that was on the BID line. And I suppose that makes sense, sell on the bid, buy on the ask.
A good man knows his limitations ~ Clint Eastwood
  • #687
  • Dec 30, 2014 11:20pm Dec 30, 2014 11:20pm
Hey Kosmo,
I got the lines on the chart as you suggested initially. I guess I must have had something I read a long time ago in mind, but drawing objects isn't any big deal from within an EA. It must be setting indicator buffers or something else. Anyway, I'll let it run a bit to see if they move as they should.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM5.png Size: 52 KB
A good man knows his limitations ~ Clint Eastwood
  • #688
  • Dec 30, 2014 11:27pm Dec 30, 2014 11:27pm
Looks like tracking is no problem!

@Pipster - I'm a little reluctant to release version after version of code, for fear of causing you troubles with allowing your test to run long term. What do you think?

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM5.png Size: 51 KB
A good man knows his limitations ~ Clint Eastwood
  • #689
  • Dec 30, 2014 11:47pm Dec 30, 2014 11:47pm
Re calculation of average entry prices, long and short, MT4 has a nice indi which ships as default called iExposure. I am sure that the coders amongst could modify this?
  • #690
  • Dec 30, 2014 11:49pm Dec 30, 2014 11:49pm
It's worth a look
A good man knows his limitations ~ Clint Eastwood
  • #691
  • Dec 31, 2014 5:45am Dec 31, 2014 5:45am
Quoting dgodfrey
Looks like tracking is no problem! @Pipster - I'm a little reluctant to release version after version of code, for fear of causing you troubles with allowing your test to run long term. What do you think?
I have no problem with you releasing code. I think it will allow testers to spot problems and see any room for improvement.
Too close for pips, switching to points.
  • #692
  • Dec 31, 2014 5:53am Dec 31, 2014 5:53am
Quoting dgodfrey
Hey Kosmo, I got the lines on the chart as you suggested initially. I guess I must have had something I read a long time ago in mind, but drawing objects isn't any big deal from within an EA. It must be setting indicator buffers or something else. Anyway, I'll let it run a bit to see if they move as they should. {image}
Hey dgodfrey, you're full of surprises! Thank you! A few more tweaks and who knows, we might even have some quantum physics involved soon, lol.
mind over matter
  • #693
  • Dec 31, 2014 6:08am Dec 31, 2014 6:08am
Quoting Thepipster
{quote} I have no problem with you releasing code. I think it will allow testers to spot problems and see any room for improvement.
Thanks, Pipster. The last thing I want is to lead the thread astray!
mind over matter
  • #694
  • Dec 31, 2014 6:23am Dec 31, 2014 6:23am
I set up the BET version exactly the same way as the original, and discovered that the Spread setting doesn't seem to have any effect on grid spacing.

Original setting: GridStep = 40.0 ($0.40) + spread ($0.10) added automatically => gives grid spacing = $0.50;
BET setting: GridStep = 40.0 ($0.40) + Spread = 10.0 ($0.10) => gives grid spacing = $0.40 (?)
mind over matter
  • #695
  • Dec 31, 2014 6:41am Dec 31, 2014 6:41am
Quoting dgodfrey
Looks like tracking is no problem!
Does it mean you've managed to make the target calculation take into account the trades already open and update the average on the fly? That would be just perfect!
mind over matter
  • #696
  • Dec 31, 2014 6:52am Dec 31, 2014 6:52am
Quoting kosmo
{quote} Does it mean you've managed to make the target calculation take into account the trades already open and update the average on the fly? That would be just perfect!
Grid steps are literal in the BET version. Just put in the spacing you want in the GridStep variable, and that's what you will get. The first (inside) orders are placed based on the current Bid price, the Spread variable and the Buffer variable. After that GridStep takes over completely.

The positioning of the BE and Target lines calculate the hypothetical loss, not the real one. Slippage is not taken into account as yet. I'm going to rework that in the next version in an effort to be able to set SL's and TP's. Most of the time it will be pretty close, but if you get a situation with slippage like I posted on that previous screenshot, it's likely that those lines won't be accurate. Sorry!

I'll put up the code then, have to wait for lunchtime, lol. Got my day job to worry about
A good man knows his limitations ~ Clint Eastwood
  • #697
  • Dec 31, 2014 10:19am Dec 31, 2014 10:19am
Quoting dgodfrey
{quote} Grid steps are literal in the BET version. Just put in the spacing you want in the GridStep variable, and that's what you will get. The first (inside) orders are placed based on the current Bid price, the Spread variable and the Buffer variable. After that GridStep takes over completely. The positioning of the BE and Target lines calculate the hypothetical loss, not the real one. Slippage is not taken into account as yet. I'm going to rework that in the next version in an effort to be able to set SL's and TP's. Most of the time it will be...
Thanks for clarifying that. As for the rest, I'm sure we'll get there eventually. Nothing worth having is easy!
mind over matter
  • #698
  • Dec 31, 2014 10:29am Dec 31, 2014 10:29am
Less than six hours to the New Year here... time to chill some bubbles!

Looks like our Steady Gold deserves some too. Once again, Pipster, thank you for sharing and inviting us to this journey. May it continue next year, with even better results than so far!

Happy New Year everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: latest.png Size: 84 KB
mind over matter
  • #699
  • Dec 31, 2014 10:34am Dec 31, 2014 10:34am
Here's the code for the updated version of Steady Gold BET which adds dynamic lines to the chart that should display what is shown in the comment block.
Attached Image

These inputs are added which let you control the appearance of the lines. They will function the same as when you change line appearance in any indicator.

Wishing everyone a Happy New Year!

Attached File(s)
File Type: ex4 Steady Gold BET v2.0.ex4   30 KB | 383 downloads
Attached File(s)
File Type: mq4 Steady Gold BET v2.0.mq4   20 KB | 422 downloads
A good man knows his limitations ~ Clint Eastwood
  • #700
  • Dec 31, 2014 10:36am Dec 31, 2014 10:36am
Thanks for the update and a very happy and prosperous 2015!!!
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