Robot Lab Project

Note that this will work only on MT5.
You enter the code of the First Pair exactly as it appears on your MetaTrader symbols , and same with second pair.
for example :
First Pair EURUSD
Second Pair GBPUSD

Some brokers add prefix or suffix to standard pair names, so EURUSD might be as EURUSDr, or EURUSDPro .... etc.
So symbols should be entered exactly as they appear in the terminal

I created a few robots, I am testing one on a demo account, I can't create threads and Forex factory does not list my broker so I used FX book, its been running for one day, if it does well for this week I will be using it in a trading contest thats starts on 6 February, if it doesn't do well by Friday then I might post the code here if that is ok, and maybe someone wants to improve it.

http://www.myfxbook.com/members/idal...allium/1142187

So if it doesn't do well you'll share, and if it do will you will not share!

That will be selfish of you isn't it?

Anyway I hope you do will.

haha,thanks. The reason I won't post it is because I am using it in a competition, but after the competition is over I can post it no problem. Sorry if it sounds selfish I didn't mean to be .

Its done 11% return in 1 day .... but I am waiting for the inevitable major losing streak, and the account to go bust.

Here is my Grand Son Robot

System Description : refer here for original idea

We will trade 3 time frames Son, Father and Grand Father (selected by trader)
Son Ignores his Father and Follows his Grand Father.

Entry :

1. if Grand Father is UP and Father is DOWN and Previous Son is UP we go LONG
2. if Grand Father is DOWN and Father is UP and Previous Son is DOWN we go SHORT
3. This involves multiple entries limited by Maximum Order Count of each order type AND Minimum Distance between orders

Exit :

1. Losers will get closed at selected Time Frame Close (or by Stop Loss).
2. Winners will run until reach profit target (or with Trailing Stop) or at Equity Increase Percentage

​Inputs :

1. Magic_Number = 40081;
2. Son_TF = 240;
3. Father_TF = 1440;
4. Grand_TF = 10080;
5. Fixed_Lot_Size = 0.4;
6. Lot_as_EQ_Perc = 0.0;
7. SL_Pips = 10000;
8. Trailing_SL_Pips = 0;
9. TP_Pips = 10000;
10. Type_Max_Orders = 20;
11. min_pips_btw_orders = 400;
12. close_at_EQ_Perc = 0.4;
13. Sync_Minutes = 5;
14. Cut_Loss_TF = 2;

Test results on EUR/USD 2014-2015

Enjoy !
​-----------
PS: I am sorry for being late in posting due to work obligations.

Grand Son Robot

Here some details about the inputs:

Son_TF : This is the lowest time frame.
Father_TF : This is the middle time frame.
Grand_TF : This is the highest time frame.

Those time frame are entered in Minutes, so for M30,H4,D1 you enter Son_TF = 30, Father_TF =240, Grand_TF =1440

Fixed_Lot_Size

As usual this represents the lot size for each order, to disable set to 0

Lot_as_EQ_Perc

If entered, robot will calculate position size as percentage of current Equity divided by Required Margin. To disable set to 0

SL_Pips

Number of Pips or Points (Pipettes) for SL, to disable set to high number(i.e. 1000 pips or 10000 points).

If disabled be sure to enable the Cut_Loss_TF input.

Trailing_SL_Pips

Number of Pips or Points (Pipettes) for Trailing Stop. I found its better not to trail the stop.

TP_Pips

Number of Pips or Points (Pipettes) for Profit Taking. Better be set to high number if close_at_EQ_Perc input is used.

Type_Max_Orders

This is the max number of open orders allowed for sell or buy (not combined).

min_pips_btw_orders

Minimum Number of Pips or Points (Pipettes) between orders of same type, this is very useful to avoid consecutive orders on the same bar on

Son time frame which may lead to big losses if main trend is reversing. Setting depends on Son time frame used. As a guide it should not be less than tf ATR.

close_at_EQ_Perc

Profit taking for all open orders at Equity increase percentage (0.05 = 5%)

Sync_Minutes

You can think of this as sleep time for the robot

Cut_Loss_TF

This is an important input, as it decides on which time frame losers will be closed (1:Son, 2:Father, 3:Grand Father, 0 to Disable). Ideal selection depends on time frames used. If lower time frames are used (say M5, M30, H4) its better to be Grand Father (H4), While if (H4, D1, W1) are used then its better to be the Father (D1) in order not to accumulate great losses for a long period.

If Disabled (set to 0), closing of losing orders will be by SL_Pips input.

I hope this clear enough. Should you have any questions, do not hesitate to ask.

Regards,

I want to start testing tonight, can you help with optimising for testing ? here is my setup, any advice
again thanks !!!

input int Magic_Number = 40081;
input int Son_TF = 5;
input int Father_TF = 30;
input int Grand_TF = 240;
input double Fixed_Lot_Size = 0.01;
input double Lot_as_EQ_Perc = 0.0;
input int SL_Pips = 30;
input int Trailing_SL_Pips = 0;
input int TP_Pips = 20;
input int Type_Max_Orders = 6;
input int min_pips_btw_orders = 400;
input double close_at_EQ_Perc = 0.4;
input int Sync_Minutes = 5;
input int Cut_Loss_TF = 2;

Hello abokwaik, marvellous results congratulations creating such a splendid EA.

I have attached Strategy Tester excel result sheet it is amazing indicial deposit 10.000,00, Net profit 15.879,02 test period 01/01/2014 till 01/02/2015

Regards,
Moti

Edit: Forgot To attached Graph

It's worth to note that Grand Son is a Trend Following Robot.

Current version uses Previous Bar Close on ALL time frames (Son, Father and Grand Father).

So it will suffer in two cases :
1- Ranging Periods
2- Trend Reversals (On Grand Father Level). However it survived the EUR/USD Trend reversal at Mid 2014.

Great !, but I think you used the default settings which I used in my test, same pair , time frames and period.

It would be nice to find good settings on other pairs and time frames.

Thanks,

Ok abokwaik, i will do test, but I only get bit more time on Friday, Saturday, & Sunday any ways I will try and report as you said as early if possible.

Thank You

Regards,
Moti

I was asked for advise on the following settings for Grand Son Robot:

Son_TF = 5
Father_TF = 30
Grand_TF = 240
Fixed_Lot_Size = 0.01
SL_Pips = 30
Trailing_SL_Pips = 0
TP_Pips = 20
Type_Max_Orders = 6
min_pips_btw_orders = 400
close_at_EQ_Perc = 0.4
Cut_Loss_TF = 2

My Comments:

1. Apparently this is 4-digit broker because 20 pips makes sense on 4-digit broker, if applied to 5-digit broker it is equivalent to 20 points=2 pips.
2. Stop Loss is more than TP, which is not recommended at all in a Trend Following System, actually the opposite is recommended. Your Reward to Risk ratio for a trend following system should be min 3:1 up 10:1 or even larger.
3. Remember we have two stop loss methods in this robot. SL and Cut_Loss_TF.
4. min_pips_btw_orders between orders 400 pips !, applying the TP of 20 pips, the first order will be closed before giving a chance for the next order to open, not to mention the sixth (as you've chosen 6 for max orders). Hence, there will be no benefit from compounding orders. Now if you want the robot to trade one order at a time its better to set Type_Max_Orders to 1.
5. Since lower time frames are used 5,30,240 and he set Cut_Loss_TF = 2 (which is 30 min) this will create huge number of consecutive losses, and will not give trades any room to breath. So for lower time frames I suggest closing of losses at the Grand Father level.
6. If its planned to close profit at close_at_EQ_Perc = 0.4, this will never be reached using 0.01 lot with 1 or even 6 orders. Note here that 0.4 is 40%, so if equity is 10,000 we are telling the robot to close trades when profit reached 4000 which is not logical, at least with 0.01 lot.
7. Lot Size and close_at_EQ_Perc go hand in hand, if you decrease the lot size you need to decrease the profit and visa virsa.

So if I want to modify the above settings for the same time frames and lot size, it would be something like this:
Son_TF = 5
Father_TF = 30
Grand_TF = 240
Fixed_Lot_Size = 0.01

SL_Pips = 20
Trailing_SL_Pips = 0
TP_Pips = 60
Type_Max_Orders = 10
min_pips_btw_orders = 15
close_at_EQ_Perc = 0.01
Cut_Loss_TF = 3

Of course the above is just a suggestion for back testing or forward testing only. I never tried it and have no idea what the results would be, but it makes sense.

PS: I prefer higher time frames for ALL ROBOTS discussed so far. Scalping is completely a different story.

My response on previous post.

You can always back test your settings before forward testing in order to fined the most suitable parameters (not necessarily the more profitable), for the pair and time frames you are interested in.

Regards,

Probably you already know, but to make it clear: Grand Son is a

1. Multi-Time Frame
2. Hedging Robot which
3. cuts losses short
4. and capitalizes on trends.

Yes i am aware of the multi time frame
Son_TF = 5
Father_TF = 30
Grand_TF = 240

I do though have a hard time understanding this
Cut_Loss_TF

Cut_Loss_TF is taken from a previous robot CLS_LWR post#64 HERE

As for your parameters on 5,30,240 I forgot to mention the Sync_Minutes Input which is used to check for exits on the selected Cut_Loss_TF, and is used also for Stop Trailing. Increasing this number will free PC resources. But should be also a realistic number specially if you are using Trailing_Stop. Since you are using M5 as your Son Time Frame, I suggest to make this paramater as 1. If you were using D1 as your Son TF, then you can set it to 5 or 10 or even more.

For people like to watch a robot while running, this is a sample setup for the 3 time frames, where I setup the Grand Father (H4 here) on the left, Father (M30) in the middle and Son (M5) on the right. AND robot is running on the SON time frame (M5 in this example)

If you noticed that the three time frames are aligned (Price is on the same level in the three charts). I am using a script which I made recently based on an FF member request, HERE CHART_AUTO_SCALE_SCR , I made also an indicator which is available on the same thread. But I think its better to use Script instead which will free computer resources.

Hello abokwaik,

thanks for your gorgeous work! one suggestion to improve a trendfollowoing robot: you could put in ADX indicator to filter: When it is crossing the 20 or 25 level from below we have a strong trend and only then enter a trade.

Could that be done?

Yes, rukiver. In fact many filters can be added including ADX, which I suppose you will apply it on the Son (smallest) time frame.
Or did you mean ADX for all time frames ?