Nanningbob 10.2 Autotrader's new home

[worlock]

Hi guys. I have been trying this for a few weeks now, 1st week, it was really great, but I manually exited trades. Then last week I just left it. I am running the latest version, OOTB, and I am offside 260 pips in the Euro, what happened to the stop there?

But I don't really agree on fixed stop. The EA got short the Euro last week, I am still short, and market conditions changed a lot. If the EA was not short, I am sure at some point, it would have looked for longs.

I think the stop should not be fixed, the EA should get you out when market conditions changed, based on same rules as to get in trades. Same goes to Profit taking. This might be quite hard to program, but until then, I don't think this EA could ever be left alone.

But anyway, from what I have seen, this has great potential and thanks for taking the time to put it out.

[gustav213]

So far have had decent luck with the auto trader. I am trying to figure out what would be the best way to close out trades in profit, since I have had some reach 50-60 pips and just go into the red soon afterwards.

Also I am trying to look at pivots since I know a few trades that where entered by the EA which I knew would fail by how close they kept bouncing from the weekly pivot. Maybe start closing those out early the moment I know they will fail.

[grimweasel]

HopFi2K - I use ATR(5) on the daily mainly as I know that the daily open / close levels are used by the big boys and are more meaningful.

It seems there is some traction here against the fixed stop so I reckon if Alex could code the ATR(5) in we could give it a try!

Cheers,

[alorente]

Hi guys. I have been trying this for a few weeks now, 1st week, it was really great, but I manually exited trades. Then last week I just left it. I am running the latest version, OOTB, and I am offside 260 pips in the Euro, what happened to the stop there?

But I don't really agree on fixed stop. The EA got short the Euro last week, I am still short, and market conditions changed a lot. If the EA was not short, I am sure at some point, it would have looked for longs.

I think the stop should not be fixed, the EA should get you out when market conditions changed, based on same rules as to get in trades. Same goes to Profit taking. This might be quite hard to program, but until then, I don't think this EA could ever be left alone.

But anyway, from what I have seen, this has great potential and thanks for taking the time to put it out.

You have it exactly right. This EA is a great trade entry monitor for many pairs at the same time, which is not easy to do manually. Unfortunately, it is not quite there yet at exit time. The way I see it, exits can be coded in any of these three ways:

1- The EA could exit at s/r 1 or 2, depending on the volatility of each pair in accordance with Bob´s Pair Volatility table or user selectable.

2- The EA could exit at opposite band of H1, H4 or D1 TMA, period 20, ATR multiplier 2.0 (User selectable).

3- Finally, exit can be implemented when H4 20 period Slope value drops under 0.40 for longs or rises over -0.40 for shorts.

Numbers 2 and 3 would be my preference. I currently exit at cross of opposite H4 or D1 band with my manual system.

Ideally, the ability to select any of the 3 methods would be great, but at least, one of them should be available to seriously consider running the EA live full time.

[hopfi2k]

I already programmed a ATR(5) SL, using H1, but that can be changed in the settings by the user. Have a look at the attached screenshot (watch out for the (autocalc) behind Stoploss).
Furthermore I'm finishing the work on a percentage based trailing stop. Still some testing and lots of code cleanup going on

Cheers,
Andy

HopFi2K - I use ATR(5) on the daily mainly as I know that the daily open / close levels are used by the big boys and are more meaningful.

It seems there is some traction here against the fixed stop so I reckon if Alex could code the ATR(5) in we could give it a try!

Cheers,

[alorente]

I already programmed a ATR(5) SL, using H1, but that can be changed in the settings by the user. Have a look at the attached screenshot (watch out for the (autocalc) behind Stoploss).
Furthermore I'm finishing the work on a percentage based trailing stop. Still some testing and lots of code cleanup going on

Cheers,
Andy

HopFi2K - I use ATR(5) on the daily mainly as I know that the daily open / close levels are used by the big boys and are more meaningful.

It seems there is some traction here against the fixed stop so I reckon if Alex could code the ATR(5) in we could give it a try!

Cheers,

Good deal !! Much better than fixed stop loss.

What is the indi on the upper right? Can you please post it?

Thanks.

[worlock]

Hi guys. I have been trying this for a few weeks now, 1st week, it was really great, but I manually exited trades. Then last week I just left it. I am running the latest version, OOTB, and I am offside 260 pips in the Euro, what happened to the stop there?

But I don't really agree on fixed stop. The EA got short the Euro last week, I am still short, and market conditions changed a lot. If the EA was not short, I am sure at some point, it would have looked for longs.

I think the stop should not be fixed, the EA should get you out when market conditions changed, based on same rules as to get in trades. Same goes to Profit taking. This might be quite hard to program, but until then, I don't think this EA could ever be left alone.

But anyway, from what I have seen, this has great potential and thanks for taking the time to put it out.

You have it exactly right. This EA is a great trade entry monitor for many pairs at the same time, which is not easy to do manually. Unfortunately, it is not quite there yet at exit time. The way I see it, exits can be coded in any of these three ways:

1- The EA could exit at s/r 1 or 2, depending on the volatility of each pair in accordance with Bob´s Pair Volatility table or user selectable.

2- The EA could exit at opposite band of H1, H4 or D1 TMA, period 20, ATR multiplier 2.0 (User selectable).

3- Finally, exit can be implemented when H4 20 period Slope value drops under 0.40 for longs and over -0.40 for shorts.

Numbers 2 and 3 would be my preference. I currently exit at cross of opposite H4 or D1 band with my manual system.

Ideally, the ability to select any of the 3 methods would be great, but at least, one of them should be available to seriously consider running the EA live full time.

That's great idea.

[al3xx]

Hi Guys,

Sorry for the Version 1.3 delay. Things happened that took away all my attention enough to not upload at the weekend.

Version 1.3 is now at page 1 and has...

-hop2fx's Corelation filter bug fixes including where it could not allow you to open another trade on the same pair. (100% Corellation). He also coded Corelation visualization. This is easy enough to pick in from settings.

-GetWoh is now inhouse as suggested by Baluda and a pm I got from mobthehop.

-I noticed many people want the ATR sl and thought to put it in this version. I think it is a great idea and a major improvement. Please see how it goes in the coming days. It is enabled by default.

The two WOH indis at page one are now gone. We can gladly forget. But... why was WOH 1x0 there in the first place? It was not nessesary for the EA. It's mobthehop that caught that.

Cheers and let the party begin. Gotta go back to page 1 and describe some settings.

Kind Regards,

Alex

[alorente]

Hi Guys,

Sorry for the Version 1.3 delay. Things happened that took away all my attention enough to not upload at the weekend.

Version 1.3 is now at page 1 and has...

-hop2fx's Corelation filter bug fixes including where it could not allow you to open another trade on the same pair. (100% Corellation). He also coded Corelation visualization. This is easy enough to pick in from settings.

-GetWoh is now inhouse as suggested by Baluda and a pm I got from mobthehop.

-I noticed many people want the ATR sl and thought to put it in this version. I think it is a great idea and a major improvement. Please see how it goes in the coming days. It is enabled by default.

The two WOH indis at page one are now gone. We can gladly forget. But... why was WOH 1x0 there in the first place? It was not nessesary for the EA. It's mobthehop that caught that.

Cheers and let the party begin. Gotta go back to page 1 and describe some settings.

Kind Regards,

Alex

Thanks Alex. The ATR 5 stop loss will be well worth it. Can´t wait for Recovery and a solid exit method.

Great work !!

[al3xx]

Here is the edit on stops I just did on page 1 for those whose eyes are tired looking at the whole of that page.

----------------------
Adaptive stop loss exits

ATR Stop loss calculation. Described in page 25 http://www.stevehopwoodforex.com/phpBB3 ... &start=240

UseATRStopLoss setting enables the feature. The rest of the settings that follow are pretty straight forward and just allow flexibility on ATR calculation.

If StopLoss is zero and UseATRStopLoss is false, NB adopts these strategies for setting a stop loss:

- D1 trend trade:
- buy: MS2 for groups 4 and 5, MS1 for groups 1 - 3.
- sell: MR2 for groups 4 and 5, MR1 for groups 1 - 3. - D1/H4 trend trade:
- buy: WS2 for groups 4 and 5, WS1 for groups 1 - 3.
- sell: WR2 for groups 4 and 5, WR1 for groups 1 - 3. - Bollinger Band range trades:
- buy: top BB line.
- sell: bottom BB line.- weekly pivot cross range trades:
- buy: WS2 for groups 4 and 5, WS1 for groups 1 - 3.
- sell: WR2 for groups 4 and 5, WR1 for groups 1 - 3.
--------------------------------

Alex