jiva34's BB Stop auto-trader

[SteveHopwood]

The more I use the EA, the more I like it.

Found today jiva34's auto-trader is quite sophistcated allowing a variety of strategies to profit from a number of market conditions. Consequently, de-linked the MultiCharts and traded on the basis of Empty4 alone -- a step in the right direction, I believe.

Trading-wise nothing to write home about. Of course, not the robot's fault.

Khalid

Using an EA at this stage, if it is profitable even by a little without adding dd then that is fantastic. Trust me, I know about this.

jiva's performance so far is outstanding.

[SteveHopwood]

Would it be possible to add a user defined code to stop trading for the day at a specified profit level? The 1 minute scalper mode for this bot could use this IMO.

Yes it is. Leave it with me for the time being and nag gently if I do nothing for a while.

[Panamamike]

Thanks Steve. That would be great.

[Cyrus7]

Have you ever tried different settings for FastBB or/and LowBB? Or is everyone working with the OOTB-settings?

enjoy the weekend..

[indy360]

Hi Khalaad,

I have now loaded jiva onto a demo account. I am just trading it on EU & GU on M15.

Just one trade so far on EU which closed for + 25 pips. Great start!

What time frame are you using?

[Xfinity]

Started using this on a demo account to see if its going to replace the spider bot I am using live (Huge thanks to Spider, Steve and all people that contributed on that one).

I will report back with my findings and suggestions after my trail run .

Thanks in advance!

[EnPoint]

So I've been using the original BBstop trader with no problem. Less options, less headaches. But now, I'm trying to set up version 2 of it with the fast and slow BB. It opened an order on the slow BB but not on any of the following fast BBs in the same direction. Now heres my question: Does the first Slow BB order have to remain open for those orders to activate? My first Slow BB order closed in profit before a fast BB signal in the same direction appeared. (AA is off, hidden pips has a value)

Couple of suggestions.

1.) An option to NOT close on an opposite signal
2.) If the above is true, pertaining to my question, I think Fast BB signals should still open in the direction of the slow BB.


Thank you so much, Steve. You are a god amongst men!

[SteveHopwood]

So I've been using the original BBstop trader with no problem. Less options, less headaches. But now, I'm trying to set up version 2 of it with the fast and slow BB. It opened an order on the slow BB but not on any of the following fast BBs in the same direction. Now heres my question: Does the first Slow BB order have to remain open for those orders to activate? My first Slow BB order closed in profit before a fast BB signal in the same direction appeared. (AA is off, hidden pips has a value)

Couple of suggestions.

1.) An option to NOT close on an opposite signal
2.) If the above is true, pertaining to my question, I think Fast BB signals should still open in the direction of the slow BB.


Thank you so much, Steve. You are a god amongst men!

Hehe. Not really; kind sentiment though.

I counsel against changing what is clearly a winning system. Closing on an opposite direction signal is a part of that system; not closing on an opposite is effectively saying, "The market has changed direction, but I am going to fight it."

As to point 2), it seems to me that jjiva and Khalid are at one with this strategy; I suggest we wait and see what they say about this.

[Panamamike]

Would it be possible to add a user defined code to stop trading for the day at a specified profit level? The 1 minute scalper mode for this bot could use this IMO.

Nudge.

[gaheitman]

In the interest of saving time, let's do a little more analysis.

Do you want to measure profit based on money, pips or percent increase?

Do you want to measure across all pairs, across all pairs with matching magic numbers, or just current pair/magic number combination.

Do you want it to close all open trades when the increase is achieved, or to just stop once a trade closes that puts it over the threshold.

If you want more than one combination of the above, what is the priority?

Personally, I think I'd want to measure pips or dollars (since you can convert one to the other so you really get both by programming one of them) for a single magic number. That way, if I wanted all my 5 minute TFs to function as a unit I'd give them all the same Magic Number, but I could do a separate one for each currency on the 1 minute TF.

Oh, and I'd probably want to close all trades in the group when I hit my target.

Anyone else have any thoughts?

George

Would it be possible to add a user defined code to stop trading for the day at a specified profit level? The 1 minute scalper mode for this bot could use this IMO.

Nudge.