Robot Lab Project

Trap_Breaker_01 Robot

Attached. Check Post#320 for details.
for Testing only.

Kindly test on different pairs with different parameters.

Test results on EUR/USD 2014, with selected inputs.

Great job as usual AB!

I will set this up ASAP and report back.

Regards,

Ty

Testing away.

Thanks for sharing

Rooi

Tester report for USD/JPY 2014, better results, higher risk

Trap_Breaker should produce good results at increased volatility times (Red News) .

Ideas to improve:

1. Once profit target reached, the robot is currently closing_BY the hedged positions, which result a 0 P/L, then it closes the remaining position for the profit. So why not leave the remaining position running for (possibly) more profit ,and start a new hedging trap
2. Why not do a Double Hedging Trap, with different parameters, (with different magic numbers so that we treat each set separately). So if one hedge is stuck in a range, the other one may break out ...

Just few ideas ... I'd like to hear from you

Do you remember this post.

As per the Excel Sheet attached, this simple "system" suggested

1. Buying GBP/USD at 1.5331
2. Selling EUR/USD at 1.2000

Currently

1. GBP/USD is at 1.5233 with a loss of 98 Pips
2. EUR/USD is at 1.1801 with a profit of 199 Pips
3. So the Hedging Net Profit currently is at +101 Pips

I think I will re-visit the Corr_Diver, and apply the method from the Excel Sheet instead of CCI indicator.

EDIT : Updated to current prices

OFF Topic:

10 minutes after my post, I bought both GBP/USD & EUR/USD : Currently +90 Pips on GBP/USD and +6 Pips on EUR/USD. (Bargains)

Great job so far, Abokwaik

I have been following your thread since sometime and waiting for - 8. Multiple Time Frame Systems

I am keeping my eye very closely now as not many left in your list. Thanks again for your fab work and not many would like to share Source Code either.

-AK-

MTF, is coming.

You said : I am keeping my eye very closely now as not many left in your list
I say : No, sir, we are still at the beginning, each of these categories will have at least 10 to 20 different robots.

I am posting robots under different categories, and not in sequence, so that you guys don't get bored.

Thanks for dropping by AK,

Another idea would be to open buy - limit order at the lower edge of inner trap and a sell - limit order at the upper edge of the inner trap.
So that while robot is trapped in a range it makes profit on those limit orders.

As per the Excel Sheet attached, this simple "system" suggested

 

1. Buying GBP/USD at 1.5331
2. Selling EUR/USD at 1.2000

Currently

1. GBP/USD is at 1.5245 with a loss of 86 Pips
2. EUR/USD is at 1.1707 with a profit of 293 Pips
3. So the Hedging Net Profit currently is at +207 Pips

It's worth to mention that as with any Grid system, It's preferable to run Trap_Breaker on a Fixed Spread Account, so that Orders Open exactly on same price.

This is a Forward test for Trap_Breaker_01 on GBP/USD. I used very small Inner_Trap (10 Pips=100 Points), and Outer trap 50 pips, just to see how its doing live.
So far 23 orders opened, and its about to break out of the Outer Trap.

You can notice the Lot Sizes, which are not simply Double previous order.

First of all Thanks for this Thread and this Ea's Im really impress for all the good work testing and developing ideas and systems. My personal favorite is Trap Breaker but without a manual im a bit stuck trying to figure how to get it work well

I really Like the Video in post: #82 http://www.forexfactory.com/showthre...56#post7961256
I tryed to use it manually but is to hard, and I have some Ideas to improve it. Basically is a Defense for a bad trade, so its not a system.
But, We can use the ea just to manage our entries, for the moment, Because Every trader has his/her own strategy.

(If not a trade manager lets stick a dummy trend indicator to it and it will keep beeing profitable [As His author said] )
It will be amazing to test an EA based on this....
To The point: I will expail the picture of the example [lots and pips must be calculated well to be good]

Lets assume that We are going long because our systems told us. (It Works even without system, but is better )

1. We Set our 'Long' Profit Area (150 pips) and open an Starter 1Lot
2. We set Our 'Defense' Area (-50) pips if the trade is going bad.
3. The price goes in the other direction and cross our Defense Zone, Instead of closing with a SL in 50 (like always) We open a Short Position and 'Hedge' to defense. with 1.4 lots
4. We set Our Recovery Target Area = to Profit area (150 pips) [Our long Position will be -50 (plus spread)]
5. The Prices continues to range and Crosses UP the Initial Price point. We will be -50 in our 'Short' and 0 in our Long.[plus spread]
6. We open a new Long with same 1 lot and same Profit area.
7. If price goes again down we open another Defense trade like before.

The author suggested a martingala style if we are flat or we touch a lot our Zone recovery.

My suggestion to this is make the grid tinier if there is a retouch, for example if the price touch a third time the initial price

1. Open a long position again (dont know if with more lots or same) but with a profit target of 100 pips instead of 150. We will be making a Defense inside the defense to get money in a range.

I think the SWAPS and spreads may kill our profits but if we manage to get How many pips EURUSD moves a day for example we can make good defensive trades.

Thanks for read and sorry about my english. Hope Abokwaik gets interested

Hello
Cool idea, love this thread!

I'd like to propose an EA which works with the attached indicator.
I was thinking that entry and exit when the bars change colors.

Also the option to set stoploss, trailing stoploss, take profit, breakeven I think would be handy.

What do you think?

Welcome to the Lab, Vasaig. I see that this is your first post in Forex Factory, so Welcome to the Factory as well.

I didn't watch the referenced video. It was posted by one of the members.

So I will reply to your post (regardless of video contents) , quoted lines in italic:

I will replace bullets by numbers for the list in your post, for easier referencing:

Vasaig : -------------------------------------------------------------------

1. We Set our 'Long' Profit Area (150 pips) and open an Starter 1Lot
2. We set Our 'Defense' Area (-50) pips if the trade is going bad.
3. The price goes in the other direction and cross our Defense Zone, Instead of closing with a SL in 50 (like always) We open a Short Position and 'Hedge' to defense. with 1.4 lots
4. We set Our Recovery Target Area = to Profit area (150 pips) [Our long Position will be -50 (plus spread)]
5. The Prices continues to range and Crosses UP the Initial Price point. We will be -50 in our 'Short' and 0 in our Long.[plus spread]
6. We open a new Long with same 1 lot and same Profit area.
7. If price goes again down we open another Defense trade like before.

​abokwaik : ----------------------------------------------------------------

Points 1 to 4 are covered by the Trap Breaker, although Lot size for the first Short Position will depend on Profit Target Percentage of Balance (In addition to the distance between recovery area and profit target and First Position Lot Size). Using 1.4 means we are looking for 20 pips profit out of the hedging process.
calculated as follows (2x150 - 1.4x200)=300-280 = 20 pips.

In point 5, our loss on the Short position will be -70 not -50, because position size is 1.4 not 1, so loss = 1.4 x -50 = -70 pips.

If the we followed points 6, and 7 with same lot sizes used before, some scenarios will close the hedge process in a loss, for example:
Long 1 --> Short 1.4 --> Long 1 --> Short 1.4 --> Long 1
Now if the Long Target profit reached, the outcome will be: 3 x 150 - 2.8 x 200 = -110 pips. ???

Trap Breaker calculates Lot sizes so that we don't end up with a loosing scenario (unless Max Draw down input is hit, or Max order count reached)

Vasaig : ------------------------------------------------------------------------
My suggestion to this is make the grid tinier if there is a retouch, for example if the price touch a third time the initial price

1. Open a long position again (dont know if with more lots or same) but with a profit target of 100 pips instead of 150. We will be making a Defense inside the defense to get money in a range.

abokwaik : ---------------------------------------------------------
I suggested earlier to open LIMIT orders inside the inner trap, i think that will give us a better price and a good chance of closing those limit orders at profit while price is touching the inner trap edges. Don't you think so ?

Welcome again and thanks for your input Vasaig,

"If the we followed points 6, and 7 with same lot sizes used before, some scenarios will close the hedge process in a loss, for example:
Long 1 --> Short 1.4 --> Long 1 --> Short 1.4 --> Long 1
Now if the Long Target profit reached, the outcome will be: 3 x 150 - 2.8 x 200 = -110 pips. ???"

I just noticed in the attached image that 3 rd long position is 1.9 not 1, so it will end up in profit 3.9 x 150 - 2.8 x 200 = +25 pips.

In conclusion I see very much similarity with Trap Breaker, although Trap Breaker will be more flexible.

If using Trap Breaker is really complicated, I will explain in detail how to use it, in a different post.

Thanks ! For the Welcoming

Its nice to see Trap Breaker covers a lot my "daydreaming strategies" things and even the loose pips scenario (Fantastic!) Its hard to understand a bit the inputs of the Ea ,but I will do my best to do it.

Is it possible to convert it to a StandAlone Ea without auto trading? Just to manage Entries Or start a new Break Trap When i Enter (with the inputs preseted)

Regarding making opening Limit orders inside the inner trap definitely, YES !Is like making a Trap inside the trap with the proper Order Size will make us still making money meanwhile the "big" guys are waiting. It can set a big trap and then IntraDay Traping (such a word) meanwhile.

PD. (Question) In The Inner and Outer Pips Input Default is 100 and 900. If i want a trade with Target 100 pips is 100 or 1000 ?
PDD. (question2) Inner Trap is Target and Outer Defensive Hedge?

EDIT. To Say I like the % of trap instead a fixed lot. Account Will grow %

Thanks again , you really made my Year with this Traps !

I see 4 colors. Gonna need more details on how you are using the indicator.

Also if Entry/Exit will be at the candle close, then you would have misplaced the arrows, Correct me if not ?

I will explain inputs and use of the EA maybe tomorrow (I am home now, and just stealing some time from family) Hush!

Yes, but later as we are still in testing phase.

Depends on if your broker provides 4 or 5 digits. For 4-Digit brokers 100 means 100 pips, while for 5-digit brokers 1000 means 100 pips.

No. the Opposite. Inner Trap is the "Recovery Zone Area" in your image, while the Outer Trap is the "Target" in your image.

So if your want to do the exact setup in the image you attached on the Trap Breaker :

1. Using 4-Digit Broker: ​
   1. Inner_Trap_Pips = 50
   2. Outer_Trap_Pips = 150​

2. ​Using 5-Digit Broker:
   1. Inner_Trap_Pips = 500​
   2. Outer_Trap_Pips = 150​0

I hope this is clear.