The New Beast!

[jlcgarcia]

So, here is a graph of Ribelo's Simple Beast(mods by Snoopier, and JLC)at work... It is set to trade 1 micro per 1300 USD acct balance, Gbp/Jpy, M30, Counter Trend only, 1-50 leverage. From Jan 3 09' to Jan 20 10' it turned $3000, into about $24000, then met the kind of excursion that is the bete noire of this style of trading...Fully anticipated,BTW. I had been hoping that EquityProtection utility would be the remedy to this INEVITABLE problem, saving 70% of gains. It did not work... Tests are the same with, or without EquityProtection activated... Should EquityProtection be expected to function during back tests???...... JLC???

Hi Pippo,

the Equity Protection in Evo1 when reached it stops to open new pairs, but do not stop opening positions for the pairs that are in recovery. The same will apply to Beast.

In your backtesting you are backtesting one pair, and for that the pair when it is in recovery will continue open new positions of the same pair.

You must decide what you want that the Equity Protection performs (stop trading this pair, do not open new pairs, close all the positions of the pair in use, etc.) and I can see if it is posible to program it.

Regards


José Luis

[Pippopotamus]

Looks like SB is now keeping correct count, and that maxopenpairsallowed utility is working as it should...

[Pippopotamus]

So, here is a graph of Ribelo's Simple Beast(mods by Snoopier, and JLC)at work... It is set to trade 1 micro per 1300 USD acct balance, Gbp/Jpy, M30, Counter Trend only, 1-50 leverage. From Jan 3 09' to Jan 20 10' it turned $3000, into about $24000, then met the kind of excursion that is the bete noire of this style of trading...Fully anticipated,BTW. I had been hoping that EquityProtection utility would be the remedy to this INEVITABLE problem, saving 70% of gains. It did not work... Tests are the same with, or without EquityProtection activated... Should EquityProtection be expected to function during back tests???...... JLC???

Hi Pippo,

the Equity Protection in Evo1 when reached it stops to open new pairs, but do not stop opening positions for the pairs that are in recovery. The same will apply to Beast.

In your backtesting you are backtesting one pair, and for that the pair when it is in recovery will continue open new positions of the same pair.

You must decide what you want that the Equity Protection performs (stop trading this pair, do not open new pairs, close all the positions of the pair in use, etc.) and I can see if it is posible to program it.

Regards


José Luis

Oh, I see... In that case I think...Close all open positions, Delete all pending orders, and Disable all EAs would be best... The attached purports to do this... only exe file available........P EDIT ===== Jose Luis, I'm thinking that closing all open positions algo may have to accomodate NFA rules in US... closing earliest first, etc. P

[jlcgarcia]

Oh, I see... In that case I think...Close all open positions, Delete all pending orders, and Disable all EAs would be best... The attached purports to do this... only exe file available........P EDIT ===== Jose Luis, I'm thinking that closing all open positions algo may have to accomodate NFA rules in US... closing earliest first, etc. P

Hi Pippo,


I have made a lot of changes in this version (including FIFO), and for that it is advisable that you ckeck this version extensively.

ANOTHER VERSION POSTED LATER

Regards


José Luis

[Pippopotamus]

Oh, I see... In that case I think...Close all open positions, Delete all pending orders, and Disable all EAs would be best... The attached purports to do this... only exe file available........P EDIT ===== Jose Luis, I'm thinking that closing all open positions algo may have to accomodate NFA rules in US... closing earliest first, etc. P

Hi Pippo,


I have made a lot of changes in this version (including FIFO), and for that it is advisable that you ckeck this version extensively.

Simple Beast! Pippo 3.mq4

Regards


José Luis

Hi Jose Luis, I will test very carefully. I can't do anything more today... I must leave leave desk/computer until very late tonight---or early morning. Thanks a million(I hope!!!!!!!!). Pippo

[Pippopotamus]

Oh, I see... In that case I think...Close all open positions, Delete all pending orders, and Disable all EAs would be best... The attached purports to do this... only exe file available........P EDIT ===== Jose Luis, I'm thinking that closing all open positions algo may have to accomodate NFA rules in US... closing earliest first, etc. P

Hi Pippo,


I have made a lot of changes in this version (including FIFO), and for that it is advisable that you ckeck this version extensively.

Simple Beast! Pippo 3.mq4

Regards


José Luis

Well of course, I had to test... Alas, no difference... Must leave now!!! back tomorrow... P

[jlcgarcia]

Hello Pippo,


corrfected a bug in this version. Please check.





Regards


José Luis

[MarcelloT]

PIPO - what TF? - In my H1

MT

[Pippopotamus]

Hi Jose Luis, Not yet... Marcello, M30, and H1 are candidates... Pippo

[jlcgarcia]

Hi Jose Luis, Not yet... Marcello, M30, and H1 are candidates... Pippo

Hi Pippo,

I have backtested this one, and it does what it has to do (close orders, and stop trading).

Take a look and tell me.

Simple Beast! Pippo 5.mq4

Regards



José Luis