jiva34's BB Stop auto-trader

[jiva34]

If trading this manually I found this neat ea that lets you mange trades by moving the lines on the chart itself.
http://codebase.mql4.com/7821

[jiva34]

test driving on demo...manual trades
using the line on chart ea to manage orders, so there are gray lines at trade openings.
(second position was placed high testing the trade managing ea)

[Sundog]

Greetings,

I've been running this live for the last 2 weeks, with mixed success, but to be expected as im tuning the settings as I go (could never run the back tester successfully).

I have noticed that inevitable as the signal is given and the trade taken, the price always receeds back 5-10 pips. Would it be possible to add a function to place a limit order, which would expire within 2 candles, so that we could get a better trade placement.

As usual, my thanks to you all, for your time, ideas and expertise.

Regards

Sundog.

[jiva34]

Greetings,

I've been running this live for the last 2 weeks, with mixed success, but to be expected as im tuning the settings as I go (could never run the back tester successfully).

I have noticed that inevitable as the signal is given and the trade taken, the price always receeds back 5-10 pips. Would it be possible to add a function to place a limit order, which would expire within 2 candles, so that we could get a better trade placement.

As usual, my thanks to you all, for your time, ideas and expertise.

Regards

Sundog.

Am requesting Steve to change the exit algorithm. Instead of exiting on an opposite signal. Exit would be when candle closes on opposite side of the fast bbstop..
This is a trade in progress from Europe session. (manual trade)

[jiva34]

long closed, short opened

[gaheitman]

Am requesting Steve to change the exit algorithm. Instead of exiting on an opposite signal. Exit would be when candle closes on opposite side of the fast bbstop..
This is a trade in progress from Europe session. (manual trade)

I suspect Steve's working on TIB, so I thought I'd jump in.

Attached is a version that should do what you ask. I have added the setting:

Code: Select all

extern bool    CloseTradeOnFastTrendChange=true;

along with code to handle it (it was really just a copy and paste of the code that was in place for closing on the slow trend change).

I've run it in ST and it is certainly looks like it is working. Here is today's trade:

pic_13 2011-12-05 06.51.gif

Let me know if you have any questions.

George

[SteveHopwood]

Fabulous George. Thanks.

I have replaced the version in post 1 with yours.

[bobasker]

Updated excel file with forward test results here.

http://www.stevehopwoodforex.com/phpBB3 ... ?f=4&t=120

[SeventySe7en]

@ gaheitman:
Thanks George!

@ Jiva
What settings are you using for M1 TF? All averages on/off? TP? SL? Hiddenpips? CloseTradeOnOppositeSignal=false/true? You get the picture .

Thanks!

[jiva34]

@ gaheitman:
Thanks George!

@ Jiva
What settings are you using for M1 TF? All averages on/off? TP? SL? Hiddenpips? CloseTradeOnOppositeSignal=false/true? You get the picture .

Thanks!

aa false, no tp, no sl, close on fast bb, 180 slow, 90 fast. opposite signal false.