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Robot Lab Project

  • #601
  • Feb 19, 2015 2:16pm Feb 19, 2015 2:16pm
Why is it so that I can't find my basket under Open Offline? Have attached the script in the right folder, have dragged it on the chart...But, when I open the offline chart,there is nothing there??? Can somebody please help me? Marketwatch shows all the pairs.........
  • #602
  • Edited 3:56pm Feb 19, 2015 3:27pm | Edited 3:56pm
Bazze when you drop the script on the chart
check well that in the general tab you allow import of dll


as for basket trading several issues are to be considered

1) history made by the script generates high and lows that may not be the real ones.
you base your computing on High and Low of each pair
the high and low may not occur at the same time on each pair
hence the high and low is virtual
good luck for backtesting and drawing RS on this

2) the position size of buy and sell order on each pair are the most important, you are limited to 0.01 lot increments
by consequence the weighting of the pairs cannot be arbitrary they must be computed such as when a basket order occur
the lot size are exactly a multiple of 0.01 lot and greater than or equal to 0.01 lot

3) if you trade the chart like a standard currency you expect when it goes up or down that your equity will follow the same
hence the case 2)
if not you are seeing an indicator that has nothing to do with the real trade such as the rsi, or the sma for example

4) by corrolary of case 2) trading a basket put you at a disadvantage

- the spread of the virtual basket is higher

- the execution on this prehistoric platform is a problem as MT4 cannot process more than one order at a time

- you cannot trade 1 microlot
-> if you have say 10 currencies in the basket the minimum size tradable is 0.1 lot = 10 * 0.01
-> if you use coefs differents from 1 the minimum size will be higher

- the leverage used will be reduced

- the margin required to trade will be higher

- you are exposed to spread swipe in any currency that could endanger the all trade


taking the inverse of the pair is dangerous
you are trading in lot and if you invert the pair the variation for one pip is not the same
EDIT: the variation of money for the pair is linear 1 pip = x amount of $ for a fixed amount of lot
if you take the inverse of it
the variation is not anymore linear in terms of money

and when you trade the chart you trade in money


the advantage to trade something virtual is dubious as nobody else than you see the instrument
the validity of SR are compromised
be aware that SR and all other patterns appear in a random walk too
  • #603
  • Feb 19, 2015 3:53pm Feb 19, 2015 3:53pm
demo platform is always fast in the execution
but on real condition the chaining of the orders and the non transactionnality of it can make your order takes 20 second to complete
with the slippage damage you can imagine

and the final 5) if you think you can mitigate the chaining by putting limit/stop order
you cannot put limit stop order on the chart as one value in the chart can equate to an arbitrary combination of values in the pairs
hence the impossibility to put on each pair a stop limit order
you can only trade with market orders
  • #604
  • Feb 19, 2015 4:18pm Feb 19, 2015 4:18pm
Thank you very much for the answer....
  • #605
  • Feb 19, 2015 4:24pm Feb 19, 2015 4:24pm
Quoting abokwaik
{image} I will be developing Open Source Trading Robots based on well known systems, systems of my own, and members' requests. Before building a robot, a full description of the underlying system along with supporting charts to be posted, and discussed. Priority will be given to genuine ideas. Robots will be back tested and those which show potential will be forward tested on demo accounts. Robots that prove to be consistently profitable on demo will be promoted to real accounts. Risk Disclaimer: Using any of the robots published here is at one's...
Hi abokwaik,

I just subscribed to you and your thread. I saw your plan is for all robots to be open source, and that is a very noble endeavor.

I will post more if and when I have something to contribute.

Thanks, and keep up the good work!
Please check out my blog at https://from-zero-to-hero . net
  • #606
  • Feb 19, 2015 4:38pm Feb 19, 2015 4:38pm
Quoting felixis
Bazze when you drop the script on the chart check well that in the general tab you allow import of dll as for basket trading several issues are to be considered 1) history made by the script generates high and lows that may not be the real ones. you base your computing on High and Low of each pair the high and low may not occur at the same time on each pair hence the high and low is virtual good luck for backtesting and drawing RS on this 2) the position size of buy and sell order on each pair are the most important, you are limited to 0.01 lot...
Very generous post felixis.
So thanks for raising such issues for discussion.

I will give a full reply/view on the above tomorrow as I am in a very sleepy mode atm.

Thanks,
No guts, no glory
  • #607
  • Feb 19, 2015 4:47pm Feb 19, 2015 4:47pm
Quoting smash1820
{quote} Hi abokwaik,I I just subscribed to you and your thread. I saw your plan is for all robots to be open source, and that is a very noble endeavor. I will post more if and when I have something to contribute. Thanks, and keep up the good work!
Thank you smash, and a warm Welcome to the lab.
No guts, no glory
  • #608
  • Feb 19, 2015 9:15pm Feb 19, 2015 9:15pm
Quoting LITEchild
{quote} you seem to be doing it right. I use +100 for GBPJPY, Though Abokwaik recommends +0.01. i also keep all the M1 charts of the individual basket pairs open and running alongside the basket chart proper. Also make sure you have enough history data for every M1 pair of interest. {image}
Thanks Litechild, tried again and the charts look ok. However wen i load the ea on the offline chart, it doesnt work...ea trading is enabled...what could be the problem? have noticed your creating script chart had pairs proceeded by the weights, how do you do this? and could this be the problem? I have all my basket pairs input as required,timeframe and weights....
will be glad to hear your advice. Thanks once again Khalil and team here.
Sorry about asking the basics....Still learning here
Attached Image (click to enlarge)
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  • #609
  • Feb 20, 2015 2:34am Feb 20, 2015 2:34am
Quoting nogames2014
{quote} Thanks Litechild, tried again and the charts look ok. However wen i load the ea on the offline chart, it doesnt work...ea trading is enabled...what could be the problem? have noticed your creating script chart had pairs proceeded by the weights, how do you do this? and could this be the problem? I have all my basket pairs input as required,timeframe and weights.... will be glad to hear your advice. Thanks once again Khalil and team here. Sorry about asking the basics....Still learning here{image}
Looks like you're using the first version of the script. Download the latest version that was posted with the EA in post 565.
No guts, no glory
  • #610
  • Feb 20, 2015 5:22am Feb 20, 2015 5:22am
Quoting abokwaik
{quote} Looks like you're using the first version of the script. Download the latest version that was posted with the EA in post 565.
everything nice now..cheers!
  • #611
  • Feb 20, 2015 6:20am Feb 20, 2015 6:20am
Hello,

I hope you must heard name of "ARBITRAGE FX ROBOT", I was using it in past it was kind of ATM for forex trading which dnt follow any technical strategy to make pips but only price difference in two brokers.

I got a "ARBITRAGE FX ROBOT EA - Ver 770 2013" which is old version and if i try to login it it says "Old Version" since MT4 has recently many updates.

I wanted to ask if you can fix the problem.
Attached Image (click to enlarge)
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If you believe in yourself anything is possible !!
  • #612
  • Feb 20, 2015 7:12am Feb 20, 2015 7:12am
Quoting imifx
Hello, I hope you must heard name of "ARBITRAGE FX ROBOT", I was using it in past it was kind of ATM for forex trading which dnt follow any technical strategy to make pips but only price difference in two brokers. I got a "ARBITRAGE FX ROBOT EA - Ver 770 2013" which is old version and if i try to login it it says "Old Version" since MT4 has recently many updates. I wanted to ask if you can fix the problem. {image}
you need to update the terminal, or maybe even load it from scratch if its way too old.
  • #613
  • Feb 20, 2015 7:31am Feb 20, 2015 7:31am
Quoting reinerh
{quote} you need to update the terminal, or maybe even load it from scratch if its way too old.
I did updated the MT4, now it says, Master data corrupted


http://prntscr.com/67iuti
If you believe in yourself anything is possible !!
  • #614
  • Feb 20, 2015 9:18am Feb 20, 2015 9:18am
Quoting imifx
Hello, I hope you must heard name of "ARBITRAGE FX ROBOT", I was using it in past it was kind of ATM for forex trading which dnt follow any technical strategy to make pips but only price difference in two brokers. I got a "ARBITRAGE FX ROBOT EA - Ver 770 2013" which is old version and if i try to login it it says "Old Version" since MT4 has recently many updates. I wanted to ask if you can fix the problem. {image}
With all respect imifx,

This is not the right thread for your question.
Try the Platform Tech Forum http://www.forexfactory.com/forumdisplay.php?f=69
No guts, no glory
  • #615
  • Feb 20, 2015 12:37pm Feb 20, 2015 12:37pm
Hai to all,

whether the basket is right or not, its providing the results, with sound money management this system can hold, but still i am trying to find an edge, this account is traded by only the basket chart.... its midnight in my country, meet all you Monday... happy weekend
Attached Image(s) (click to enlarge)
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  • #616
  • Feb 20, 2015 12:57pm Feb 20, 2015 12:57pm
Quoting scalper.exp
Hai to all, whether the basket is right or not, its providing the results, with sound money management this system can hold, but still i am trying to find an edge, this account is traded by only the basket chart.... its midnight in my country, meet all you Monday... happy weekend {image} {image} {image}
OMG. Scalper. A real account. we are still in analysis phase.Good night and good luck man.
No guts, no glory
  • #617
  • Feb 20, 2015 1:31pm Feb 20, 2015 1:31pm
Quoting scalper.exp
whether the basket is right or not, its providing the results
. Once again thank you abokwaik for being so generously helpful. Cant wait for those "activate buy,sell,SL,TP,etc script-lines. Thats when the real fun starts for me...lol
  • #618
  • Feb 20, 2015 2:58pm Feb 20, 2015 2:58pm
Quoting abokwaik
{quote} With all respect imifx, This is not the right thread for your question. Try the Platform Tech Forum http://www.forexfactory.com/forumdisplay.php?f=69

Sorry about that, and Thanks...
If you believe in yourself anything is possible !!
  • #619
  • Feb 21, 2015 1:15am Feb 21, 2015 1:15am
hi, can te advise where u this robot NBB_XBB
1 / settings for SL and TP
2 / TP is a fixed point or trailing stop
I was not displayed in the graph TP
Thank you all for your advice
http://www.forexfactory.com/attachme...1&d=1424502901
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 76 KB
  • #620
  • Feb 21, 2015 3:01am Feb 21, 2015 3:01am
Quoting zbyma
hi, can te advise where u this robot NBB_XBB 1 NBB_XBR 1 / settings for SL and TP 2 / TP is a fixed point or trailing stop I was not displayed in the graph TP Thank you all for your advice {image} {image}
This robot doesn't use Fixed Stop Loss or Take Profit.
Its idea was taken from the well-know "Turtles System", you g00gle it. Here's the first link in the search .

Simply , the turtle system rules were as follows:

  1. Long:

    1. Buy at a 40-day High break
    2. Close at a 20-day Low break

  2. Short :

    1. Sell at a 40-day Low break
    2. Close at a 20-day High break


NBB_XBR stands for N Bar Breack Out, X Bar Retrace where N and X are number of bars (candles)
N_Bars_BO stands for Number of Bars for Break Out (for entry)
X_Bar_RT stands for Number of Bars for Retrace (for exit)

​​NBB_XBR robot is more flexible in terms of:

  1. Time frame: you can apply it to any time frame
  2. you can use any number of bars instead of 40 and 20

So you can test different implementations of the systems by setting N_Bars_BO and X_Bars_RT. (i.e. 40 and 20, 10 and 5, 20 and 30 ... etc)

Regards

No guts, no glory
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