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Master Zen
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3159		 Page 2 of 7
Author:  zentauro67 [ Fri Sep 20, 2013 5:37 pm ]
Post subject:  Re: Master Zen
Yes, this week is misleading for testing any system and friday is even worst.

Even if you are not a coder we can try to tune the original CTC EA to meet some of the monkeys rules. Most complicated part seems to me the SL management in relation to the different daily pivot crosses. I need more time and observation before a clear bunch of rules. After a few days watching, I see

TWO DIFFERENT SL STRATEGIES

1. CONSERVATIVE:

A) First candle crossing the daily pivot:
Best cross (momentum cross) (candle body closing + 40 pips above/below the pivot) – The SL should be placed 15 pips above/below the daily pivot.
Good cross (candle body closing between 20-40 pips above/below the pivot). The SL should be placed 40 pips above/below the pivot.

(Less of 20 pips body closings should be discarded as entry signals. In those cases we could take a second or third candle as entry signal once the 20 pips distance to the pivot has been reached.)

B) Re-entries candles (resuming trend trades after a brief change of color)
20 pips above/below the last ‘other color’ candle.

C) Crossing 240…
When 240 is crossed in momentum we can take more risks. We could enter not only with the first candle crossing the daily pivot, but also with second and third candles.

SL, 50 pips above/below 240

2.- AGGRESSIVE SL STRATEGY

We have to consider also the original 10.5´s hint: to place the SL (for all trades ) some pips above/below 240.

It should be interesting to backtest 240 LWMA versus Monthly pivot as last line of defense.

The same for 240 versus Monthly pivot as BUY/SELL trigger. Monthly pivot could give faster entries than 240 for this system.


Well, just some ideas. Don´t worry if you can´t code them. :ugeek:

Good weekend to all.
Author:  fx800 [ Fri Sep 20, 2013 5:48 pm ]
Post subject:  Re: Master Zen
zentauro67 wrote:Yes, this week is misleading for testing any system and friday is even worst.

Even if you are not a coder we can try to tune the original CTC EA to meet some of the monkeys rules. Most complicated part seems to me the SL management in relation to the different daily pivot crosses. I need more time and observation before a clear bunch of rules. After a few days watching, I see

TWO DIFFERENT SL STRATEGIES

1. CONSERVATIVE:

A) First candle crossing the daily pivot:
Best cross (momentum cross) (candle body closing + 40 pips above/below the pivot) – The SL should be placed 15 pips above/below the daily pivot.
Good cross (candle body closing between 20-40 pips above/below the pivot). The SL should be placed 40 pips above/below the pivot.

(Less of 20 pips body closings should be discarded as entry signals. In those cases we could take a second or third candle as entry signal once the 20 pips distance to the pivot has been reached.)

B) Re-entries candles (resuming trend trades after a brief change of color)
20 pips above/below the last ‘other color’ candle.

C) Crossing 240…
When 240 is crossed in momentum we can take more risks. We could enter not only with the first candle crossing the daily pivot, but also with second and third candles.

SL, 50 pips above/below 240

2.- AGGRESSIVE SL STRATEGY

We have to consider also the original 10.5´s hint: to place the SL (for all trades ) some pips above/below 240.

It should be interesting to backtest 240 LWMA versus Monthly pivot as last line of defense.

The same for 240 versus Monthly pivot as BUY/SELL trigger. Monthly pivot could give faster entries than 240 for this system.


Well, just some ideas. Don´t worry if you can´t code them. :ugeek:

Good weekend to all.

Less of 20 pips body closings should be discarded as entry signals.
Very conservative approach. As far as I know, Bob just uses pivot cross of 10 pips without waiting for the candle to close over the DP. But he uses STO7 crossing 20 or 40/80 or 60 for momentum.
I have been trying out this entry rule and found it to be very effective, especially with trend.

Very interesting ideas, will chew over them over the weekend.

You have a good weekend too :!:

:D
Author:  fx800 [ Sat Sep 21, 2013 9:54 am ]
Post subject:  Re: Master Zen
Sorry, there is a bloop in the useStochCross code.

As it is not part of 10.5 for monkeys and it is a distraction, this option has been removed from the update v.5.01.
Author:  fx800 [ Sat Sep 21, 2013 10:04 am ]
Post subject:  Re: Master Zen
Looking at the charts, it would appear that the best entry is when the first candle closed across the Daily pivot. No changes at the moment but under consideration.

The entry code for buy would have been

Code: Select all

 if (iClose(NULL,0,2) >= DailyPivot) && iClose(NULL,0,1) <= DailyPivot)  return;
Another option under consideration is to use PullBack.

This could be done by changing the original code for long entry to

if (UseStoch && StochVal > StochLowLim) return;

and opposite for sell.

Future changes will be made with the help from one of our expert coders.
Author:  fx800 [ Sat Sep 21, 2013 1:28 pm ]
Post subject:  Re: Master Zen
fx8000 wrote:Looking at the charts, it would appear that the best entry is when the first candle closed across the Daily pivot. No changes at the moment but under consideration.

The entry code for buy would have been

Code: Select all

 if (iClose(NULL,0,2) >= DailyPivot) && iClose(NULL,0,1) <= DailyPivot)  return;
Another option under consideration is to use PullBack.

This could be done by changing the original code for long entry to

if (UseStoch && StochVal > StochLowLim) return;

and opposite for sell.

Future changes will be made with the help from one of our expert coders.
Pullback option added in v.5.02.

Set UseStoch = true to enable it.
Author:  zentauro67 [ Sat Sep 21, 2013 1:40 pm ]
Post subject:  Re: Master Zen
In the good path! :)

Maybe we should disable trailing stop in a first version. Once we know the results of the most simple strategy we could improve the MM.

Also, it would be interesting the use of Squalou´s box to filter porcupines in the nearness of the pivot. But that is a hard task, only for a later stage of the development.

Let´s see if those monkeys go bananas!
Author:  fx800 [ Sat Sep 21, 2013 1:48 pm ]
Post subject:  Re: Master Zen
zentauro67 wrote:In the good path! :)

Maybe we should disable trailing stop in a first version. Once we know the results of the most simple strategy we could improve the MM.

Also, it would be interesting the use of Squalou´s box to filter porcupines in the nearness of the pivot. But that is a hard task, only for a later stage of the development.

Let´s see if those monkeys go bananas!
Hi Zen,

Just set Breakeven, Jumping stop and trailing stop all to false in the external variables -- that should do it.

At your request, I have added the PivotBufferPips option. So, the previous candle must close xxx pips across the daily pivot to trigger a trade.

Update in v.5.03.

Sorry guys, this is an ea in its early development, so there will be changes as we go along.
Author:  fx800 [ Sat Sep 21, 2013 1:59 pm ]
Post subject:  Re: Master Zen
Help required in adding Main entry and Re-entry options

Main entry for longs

if (iClose(NULL,0,2) <= DailyPivot && iClose(NULL,0,1) > DailyPivot + (PivotBufferPips * Point))

Re-entry for longs

if ( iClose(NULL,0,1) > DailyPivot + (PivotBufferPips * Point))

Any offers of help will be very much appreciated.

The ea can survive on Main entry on its own, but re-entry will need a pullback for it to be viable, otherwise, trade will be entered when the horse has already bolted thru the stable door.

But using pull back is not part of 10.5 for monkeys.
Author:  fx800 [ Sat Sep 21, 2013 10:03 pm ]
Post subject:  Re: Master Zen
Until the options for Main entry and Re-entry are available, it is best to have the Main entry code for the ea for the time being, as the Re-entry on its own is not viable.

The best entry is when the first candle crossed over the daily pivot at the start of a move.

The three main ingredients 1. 240LWMA trend, 2. APB 3. Daily pivot cross , in combination should make the ea a viable option.

Update version 5.04 in page one.
Author:  zentauro67 [ Sun Sep 22, 2013 2:23 am ]
Post subject:  Re: Master Zen
Let´s hope re-entries could be available soon. Some big moves happen after a little consolidation pause (change of color) and without re-entries we could be missing the most profitable part of the trend. CJ´s ideas about the three impulses cycle suggets that in a healthy trend we could need two re-entries once the pivot has been crossed.

One of the weak points of this system are porcupines. PA scratching the dayly pivot in tight consolidation zones (CZ) can give some nasty entries. Maybe later someone could code an anti-porcupine filter. This will change the efficiency of the EA and could be the key to make it profitable.

Squalou´s boxes in 30M give a clear reading of the problem.

This is a 4H porcupine:
4h porcupine (2).jpg
Zooming to 30M we see how the daily pivot is trapped in a CZ. This is the worst situation and trades should be disabled here.
30 m pivot trapped.jpg
Not having such a filter, we can think in a 13 pips buffer as alternative. But it´s a second-rate solution.

In the opposite side, when a daily pivot matches the boundaries of a 30M CZ, the cross is strengthened by the breakout effect.

Thanks again for your work and good luck!

(I used normal candles in the examples, just to see clearer the problem)
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