Steve's 10.6 EA manual trading aids

[SteveHopwood]

the original not putting in trades,

Yes it is. Guess how I know?

and the flexible is opening and closing short trades simultaneously

Don't care. Sick to death of the damn thing and wishing I hadn't coded it. I neither want it nor need it. Any more problems with the blasted thing and I will delete it.

[fxdaytrader]

@Steve

Dear Steve,
I have a stupid problem: the Stoch H1 EA did not fired the buy trade, although in the Alert window there is it already three times...

problem.png

What is the problem?

Many thanks, Tom

On your screenshot I read "buy trade HAS TRIGGERED".

If I remember right in Steve's EAs the "has"-term only appears when SendAlertNotTrade=TRUE (what means DO NOT SEND TRADES, ALERTS ONLY).

Just an idea without having a closer look

[fxdaytrader]

Hm, in "Steve's 10.6 trading aid EA - Stochastic H1 buy.mq4" in the function "void HasSellFilled()" there seems to be a bug, line 2610:

Code: Select all

SetUpAndSendTrade(OP_BUY); 

should be changed to

Code: Select all

SetUpAndSendTrade(OP_SELL);

, shouldn't it?

[SteveHopwood]

Hm, in "Steve's 10.6 trading aid EA - Stochastic H1 buy.mq4" in the function "void HasSellFilled()" there seems to be a bug, line 2610:

Code: Select all

SetUpAndSendTrade(OP_BUY); 

should be changed to

Code: Select all

SetUpAndSendTrade(OP_SELL);

, shouldn't it?

It doesn't matter. It is redundant code - I created all the sub EA's from the Master, merely changing a few default inputs and renaming. You will find a description of how in the opening comments of the Master version.

Might be worth checking that the sell versions are correct.

<Has a quick look at a sell version>. The code is wrong in the 'Bounce' snippet but again doesn't matter - redundant code.

<Has a quick look at the 'Bounce' version>. Nope. Fine.

<Has a quick look at the Master version>. Nope. Fine.

So, no problems. Thanks for bringing it up though. Better safe than crying over lost pips.

[fxozgirl]

Recovery
This is an idea Bob came up with several trading systems ago. I used it successfully in my demo 10.6 trading last week, and so added it as a possibility for users here.

The basic principle behind Recovery is this, using a buy as an example:

• you take out a buy trade.
• the trade moves against you and you are in the hole by, say, 50 pips. You take out another buy at the same lot size as the original trade.
• if the market now moves back in your direction by 25 pips, you have the original trade at -25 and the new trade at +25. You can now close out an uncertain position at breakeven.

The process can continue indefinitely until:

• your position closes at breakeven.
• your position hits a stop loss and all your trades close.
• you reach your maximum allowed number of open trades and either manage to close out at breakeven or you decide you are onto a loser and cut the process short.

Bob's original Recovery was way more complicated than this; I have implemented a simple version. Play with it on demo and see if it suits you. The crucial inputs are:

• MaxTrades: the most trades you will allow in the Recovery process. The default of 1 disallows Recovery.
• RecoveryDistancePips: the distance in pips that the market moves against you to trigger a Recovery trade. This level is represented on your charts by a Turquoise line. Once Recovery is in progress, the BE is represented by a Magenta line.

FOR NOW, ONLY USE RECOVERY ON DEMO ACCOUNTS. ITS CODE HAS YET TO BE PROPERLY TESTED.

Steve...I have been demo trading 10.6 Edsel manually by just setting pending trades (so not using your helper EA's), but have been trying to implement as required a mini recovery system similar to what you have described above, however on occasions have missed being able to close out trades as they reach break even or better by not being at the pc at the time.

Is it possible (and if you have time) for you to write a 'recovery only' management EA that can be placed on a chart that could take over management of multiple trades of the same pair. Simplified user inputs to include close at break even, close at x pips above breakeven?
So to be clear the EA wouldn't take trades, only manage those trades (by currency pair) already open.

:

Thanks

[SteveHopwood]

Recovery
This is an idea Bob came up with several trading systems ago. I used it successfully in my demo 10.6 trading last week, and so added it as a possibility for users here.

The basic principle behind Recovery is this, using a buy as an example:

• you take out a buy trade.
• the trade moves against you and you are in the hole by, say, 50 pips. You take out another buy at the same lot size as the original trade.
• if the market now moves back in your direction by 25 pips, you have the original trade at -25 and the new trade at +25. You can now close out an uncertain position at breakeven.

The process can continue indefinitely until:

• your position closes at breakeven.
• your position hits a stop loss and all your trades close.
• you reach your maximum allowed number of open trades and either manage to close out at breakeven or you decide you are onto a loser and cut the process short.

Bob's original Recovery was way more complicated than this; I have implemented a simple version. Play with it on demo and see if it suits you. The crucial inputs are:

• MaxTrades: the most trades you will allow in the Recovery process. The default of 1 disallows Recovery.
• RecoveryDistancePips: the distance in pips that the market moves against you to trigger a Recovery trade. This level is represented on your charts by a Turquoise line. Once Recovery is in progress, the BE is represented by a Magenta line.

FOR NOW, ONLY USE RECOVERY ON DEMO ACCOUNTS. ITS CODE HAS YET TO BE PROPERLY TESTED.

Steve...I have been demo trading 10.6 Edsel manually by just setting pending trades (so not using your helper EA's), but have been trying to implement as required a mini recovery system similar to what you have described above, however on occasions have missed being able to close out trades as they reach break even or better by not being at the pc at the time.

Is it possible (and if you have time) for you to write a 'recovery only' management EA that can be placed on a chart that could take over management of multiple trades of the same pair. Simplified user inputs to include close at break even, close at x pips above breakeven?
So to be clear the EA wouldn't take trades, only manage those trades (by currency pair) already open.

:

Thanks

Yep. Leave it with me. The day job is a tad busy at the mo, but I will start planning this in the bath and code it asap.

[95026862]

the original not putting in trades,

Yes it is. Guess how I know?

and the flexible is opening and closing short trades simultaneously

Don't care. Sick to death of the damn thing and wishing I hadn't coded it. I neither want it nor need it. Any more problems with the blasted thing and I will delete it.

good point

[Jemook]

Steve I'm happy to work privately with you and keep testing until it gets the Jemook tick of approval. From everything I've seen so far the stochastic entry is an amazing trigger, obviously needs to be used in conjunction with a strategy. So I'm all for getting this sucker working properly although I do understand the frustration with getting it to work!

[kwchau]

Steve I'm happy to work privately with you and keep testing until it gets the Jemook tick of approval. From everything I've seen so far the stochastic entry is an amazing trigger, obviously needs to be used in conjunction with a strategy. So I'm all for getting this sucker working properly although I do understand the frustration with getting it to work!

I totally agree with Jeromey that the Stoch EAs is a very useful tool to trade with Bob's 10.6 system.

Don't forget about the Flexible Stoch EAs, they have the same structures as the original Stoch EA.
The Flexible Stoch EAs at their current form are not working, I am still using the first version which is working ok but not exactly I like it, even so they are very helpful.

I hope Steve would agree to continue to work on them .

[matt_32]

Great tools, helped me improve my trading greatly!

Does anybody experiance any freezing using these EA's ?

Matt