Robot Lab Project

Seems We are both Stealing time to family, Tomorrow more.
If i can help with anything tell me, Its going to be amazing make a trade and see the traps making and finishing after targeting the Outer Trap ( With IntraTraps !!) Haha Im getting high just thinking about it. Every kind of strategy can be Trapped !
Thanks for the explanation, I will give it a shot with the MA to get more experienced with the Traps.

have a nice time in family.
Vasaig

I'm sorry just the green and red bars, it'll be more logical if you load up the indicator on a chart.
I wasn't very thorough when I placed the arrows, entry at first green bar, exit at the last. Same with red.

Let me know if you have more questions

You won't know the first green bar unless it closes as green, so entry will be actually on the open of the 2nd green bar.
and you won't know the last green bar unless the next bar closes in different colour, so exit will be one bar after the last green bar.

Yes of course I'm sorry you're right.
The arrows should have pointed to the bars after the colour change.

Do you think it's possible to develop such a EA?

Hope Abowaik doesn't mind me sharing this here(If so please let me know and I will delete this post)

Here are plenty of EA's based around the idea in the video
http://www.stevehopwoodforex.com/php...1ca3ff5ac7bffc

All the best

Rooi

Man! This would have helped a lot during my initial testing...5 Digit Broker.

Lol.

Regards,

Ty

Pips and Points, 4-digit and 5-digit brokers were mentioned many times in the thread. Here, Here , Here, and Here.
I thought this was done, and I don't have to repeat it with every new robot.

Trap_Breaker_01 :

Usage Details:

Warning:

1. Use only for Back/Forward Test. Don't use on a Real Account. As with all Martingale-based systems, some setup scenarios can Wipe out the account.
2. Robot is not yet optimized for live run
3. Do not use multiple clones on same account even with different magic numbers. The robot is not prepared for this situation yet.

System Description:

1. First Trade:
   1. Open first trade based on MA, above MA buy, below MA sell.
   2. No Hard Stop Loss no Hard Take Profit.
   3. Lot Size is calculated as percentage of Balance (input) divided by Margin Required for a Standard Lot
   4. Example :
      1. MA_Period=50, MA_Method=0 (simple) : Suppose current price is above SMA(50) so we Buy.
      2. Lot_Bal_Perc=0.5 (0.5% of current balance):
      3. so if Account Balance = 10,000. and Margin Required for 1 Lot of GBP/USD = $758 (using 1:200 leverage).
      4. First Lot Size will be = (0.005 x 10,000)/758 = 0.06596(which will be rounded to 0.07).

      
      

   5. Robot can exit on the first trade only if (Profit_Bal_Perc) is reached before price hitting the other (lower) edge of the Inner Trap.
      1. Suppose Profit_Bal_Perc=0.6 (0.6% of Balance (10,000) = $60
      2. Pip value for this first trade will be 0.07 * 1 = 0.07 $ (assuming 5 digit broker).
      3. Inner_Trap_Pips=200 (5-digit)
      4. So price has to move 60/0.07 = 857 pips (86 pips on 4-digit broker) in our favor, before moving 200 pips against us.

      
      

   
   

2. ​​Consecutive Trades:
   1. If first trade did not take us to profit target, and moved the "Inner_Trap_Pips" against us, a Sell Stop Order will be waiting there.
   2. In fact this Stop Order was opened immediately after opening our first trade.
   3. Lot Size for this Stop Order is calculated so that if it reaches "Outer_Trap_Pips" it should give us the Profit_Bal_Perc.
   4. So following the first trade above, the Lot size for the Sell Stop Order will be calculated based on the following formula:
      1. Short Lot Size = < { (SLP x OTP) - [SSP x (OTP - ITP)] } / (OTP - ITP) > + { (AB*PBP/100)/[TV * (OTP - ITP)] }
      2. Long Lot Size = < { (SSP x OTP) - [SLP x (OTP - ITP)] } / (OTP - ITP) > + { (AB*PBP/100)/[TV * (OTP - ITP)] }
      3. a Simpler formula can be represented by replcing (OTP - ITP) by OITP (Difference between Outer Trap and Inner Trap Pips)
      4. So :
      5. Short Lot Size = < { (SLP x OTP) - [SSP x OITP] } / OITP > + { (AB*PBP/100)/[TV * OITP] }
      6. Long Lot Size = < { (SSP x OTP) - [SLP x OITP] } / OITP > + { (AB*PBP/100)/[TV * OITP] }
      7. where:
         1. SLP=Sum of Long Positions = 0.07
         2. SSP=Sum of Short Positions = 0
         3. ITP = Inner Trap Pips = 200
         4. OTP = Outer Trap Pips = 900
         5. OITP = Outer - Inner Trap Pips Difference (OTP - ITP) = (900-200) = 700
         6. AB = Account Balance = 10,000
         7. PBP = Profit_Bal_Perc = 0.6
         8. TV = Tick Value (Pair Dependent) = $1

         
         

      
      

   5. So lets apply the formula to our example:
   6. Second Trade (Short) Lot Size= < { (0.07x 900) - [0x 700] } / 700 > + { (10000*0.6/100)/[1* 700] }
   7. Second Trade Lot Size= < { 63 } / 700 > + { 60/700} = 0.09 + 0.085 = 0.175 (rounded to 0.18)
   8. For a third Trade (Long):
      1. Third Trade Lot Size = < { (0.18 x 900) - [ 0.07 x 700 } / 700 > + { (10000*0.5/100)/[1* 700] }
      2. Third Trade Lot Size = < {113 / 700 > + 0.085 = .16 + 0.085 = .246 (rounded to 0.25).

      
      

   9. and so on
   10. OK lets calculate the Fourth Trade (Short) Lot Size :
       1. Fourth Trade Lot Size=< { (.32 x 900) - [.18 x 700] } / 700 > + .085 = .23 + .085 = .316 (Rounded to 0.32)
       2. and So on....

       
       

   11. Now if price moved the Outer Trap Pips on the down side , Trade outcome will be :
   12. Outcome = Total Short Positions * Outer Pips - Total Long Positions * (Outer Pips + Inner Pips)
   13. Outcome = 0.5 * 900 - .32 * 1100 = 450 - 352 = $ 98

   
   

Let me know if you have any questions ...

Now where is the RISK in such a Robot ?

If Inner trap is small it will get hit many times, increasing exposure.
If profit target is high or distance between Outer and Inner traps is small, the Robot will have to increase lot sizes for consecutive orders, hence increasing exposure.

Increasing exposure can lead to margin call.

So, safer use is to :

1. Have a large starting balance, minimum 10,000.
2. large enough inner trap, try 1XADR
3. larger enough outer trap, try 4XADR
4. Reasonable profit target, try 0.5%
5. Trending instruments
6. Small startup lot size, try less than profit target, I.e. 0.3%

Are you getting testy on me AB? It was a simple observation - one I didn't think required a bunch of links.

Regards,

Ty

Not at all.

You are the boss AB. I take the corrections!

Regards,

Ty

Well Im thinking in put a real tiny account (like 100$/500$) just to scalp or make intraday trades. Just because im too slow/havent the guts to do it manual.
Any has any idea of a good scalp/intraday method or Ea to do it?


Searching and testing in a Demo this system for a while, Is simple and effective but seems it need a bit of filter or MM to make it perfect.
Magic 5 Pips: http://www.forexfactory.com/showthread.php?t=515295

+5 EMA (2 shift/offset) and 5 NET PIPS...and 30K-50K lot and 1:500 leverage.
+RSI 8
+and of course non-news quiet times.
--- if you dont have much money use 1:500 leverage to be able to open at least 30K lots

1. Enter (right on the second Heiken Ashi candle opened inside 5ema) Buy trades only if price is over ema200 (either m15 or H1 you choose) and only sell if below ema 200.
2. Dont regard all crossings (over 5ema) as trade set-ups. Avoid consolidated areas and zones of small candles.
3. Always confirm set-up with HA candle.
4. Enter set-ups ONLY on times where price 'comes from' critical RSI 70 or 30 zones. In this way IT"S SAFER!.
5. DONT OVERTRADE! MAX 4 TRADES A DAY (IF YOU WANNA LIVE LONGER OF COURSE).


http://www.forexfactory.com/attachme...0&d=1417338711


--- What do you think?

Did you read this , Vasaig:

DISCLAIMER:
ANY MODIFICATION TO MY SYSTEM and ALSO ANY THREAD OR SUB-SYSTEM INTENTIONALLY CREATED USING RULES AND METHODS DESCRIBED ON THIS THREAD IS PROHIBITED AND DISCOURAGED. THIS IS PERSONAL PREFERENCE OF THE AUTHOR.

Also some EA's were built inside the thread : Here and Here for example.

Notice for Robots Lab New Comers:

Download/Use Latest versions of the robots, as these versions:

1. Have complete functionality of earlier versions
2. Have any previous known bugs Fixed
3. Provide additional features and controls

Some ideas to improve Trap Breaker :

1. What if we do not OPEN actual trades, and just COUNT them. So when the count reaches a specific number (input), then we open actual trades. This will basically identify the range (Inner_Trap), so we minimize the Exposure by not taking the first number of Inner Trap touches.
2. What if, Once we reach the profit target, we close the Hedged positions and keep remaining (sell or buy) orders running for Additional profit (say the Inner or Outer Trap Pips) protected by a similar Stop Loss (This stop loss if hit will close worst at BE).

Multi-Time Frame Robots

I am going to start with one simple robot under this category. Robot idea came from the book "High Probability Trading Strategies" by ROBERT C. MINER.

The first version of the robot will be using The Basic Dual Time Frame Momentum Strategy, where we:

1. Trade in the direction of the larger time frame momentum.
2. Execute the trade following the smaller time frame momentum reversals

I will use a custom momentum indicator referenced in the book : DT Oscillator (DTosc), which is a combination of RSI and Stoch.

Later on we can add a third time frame for more confirmation.

Your opinions are welcome,

Looking forward to having a play with this one. This is a technique that I have been interested in for a while now. Finding the right momentum indicator will be key!

Multi-Time Frame Robots : Dual Time Frame Momentum Startegy

Robot (DTFMS_01) attached.

Input Parameters:

 

1. Magic_Number...........= 40051.Magic Number
2. Lower_TF...............= "H1"..Lower Time Frame Name
3. Higher_TF..............= "H4"..Higher Time Frame Name
4. TP_Pips................= 5000..Take Profit in Pips/Points
5. SL_Pips................= 5000..Stop Loss in Pips/Points
6. Trail_Stop_Pips........= 0.....Trailing Stop in Pips/Points
7. Trail_Stop_Jump_Pips...= 5.....Trailing Stop Jump in Pips/Points
8. Fixed_Lot_Size.........= 0.0...Fixed Lot Size
9. Lot_as_EQ_Perc.........= 0.1...Lot Size as Equity Percentage
10. Stoch_KPeriod..........= 5.....Stoch K Period
11. Stoch_DPeriod..........= 3.....Stoch D Period
12. Stoch_Slowing..........= 8.....Stoch Slowing Period
13. RSI_period.............= 13....RSI Period
14. HTF_MAX................= 60....Higher TF Max Level
15. HTF_MIN................= 40....Higher TF Min Level
16. LTF_MAX................= 80....Lower TF Max Level
17. LTF_MIN................= 20....Lower TF Min Level
18. Start_Hour.............= 04....Min Hour for New Trade
19. End_Hour...............= 19....Max Hour for New Trade

​Test Result on EUR/USD 2013-2015

Attached also a modified version of DT Oscillator (DTosc), Needed for the Robot to Work.

P.S.:I couldn't test on AlPari which has better data quality. So test was done on FXD.D.

Dual Time Frame Momentum Startegy Robot

1. Long Entry:
   1. Higher Time Frame Indicator Signal Above Indicator Value, and Indicator Value between Min and Max Values AND
   2. Lower Time Frame Indicator Signal Above Indicator Value, and Indicator Value below Min Value.

2. Short Entry:
   1. Higher Time Frame Indicator Signal Below Indicator Value, and Indicator Value between Min and Max Values AND
   2. Lower Time Frame Indicator Signal Below Indicator Value, and Indicator Value above Max Value

3. Exit :
   1. If you set TP and SL to high values, and disable Trailing Stop by setting it to 0, the robot will close Long Trades once Lower Time Frame indicator reaches Max Level (Over Bought), and visa-virsa for Short Trades
   2. If you enable Trailing Stop, Robot will close trades either by SL or TP or Trailing Stop regardless of OB or OS conditions.

New in this robot is the use of Time Frame Name (M5, M15, D1 ... etc) instead of number of minutes which should be easier IMHO.