stevehopwoodforex.com • Pipcruiser's Pipmasher

Author:

xfactornos [ Mon Nov 24, 2014 2:26 pm ]

Post subject:

Pipcruiser's Pipmasher

I don't understand what the problem is. There is no lower TF for this bot. Its only a Daily trader so it should only be on the D1 charts. Am I missing something?

matt_32 » Mon Nov 24, 2014 9:12 am wrote:
spotdespot » Mon Nov 24, 2014 12:30 pm wrote:
matt_32 » Mon Nov 24, 2014 11:21 am wrote:Ok a i noticed a small problem using Pipmasher in lower tf's . Sometimes the ea does not update its status and gives false indications. In other words it shows that last candle was up where in fact it was down. This behavior causes the ea to place false pending orders.

Take a look a the charts.

maybe there should be a timer (user adjaustable ) every x mins toi refresh the ea, thus giving the correct readings.

Matt
I'm not sure the problem is anything to do with refreshing. I think the issue is that (I suspect) the EA compares the open of the current candle with the open of the previous candle to determine whether the candle is up or down. This normally would be fine but if there are gaps in can cause a few odd things to happen - such as you have described and also trying to place a pending buy above the close of the previous candle even when price has gapped up, so the buy stop order price is below market price - which obviously produces an error.

I haven't checked the code but I think this is what is happening but I am not too bothered about it, which is why I haven't checked.

Cheers,
Dave.

I still believe this is a big issue. I don't know what causes it, but the fact is that it makes the EA to place pendings it shouldn't place, and at the same time enter trades it shouldn't enter.
The same problem occured using the OOTB daily/weekly/monthly EA, as supplied in page 1 of the forum.

Even with this problem this bot managed to get me more than 5000 pips from the beginning of month. I believe that it is , probably, the best bot presented in this forum and my thanks are extended to both Steve and Pipcruiser for making it available to us.

Matt

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Author:	pipguy [ Fri Nov 21, 2014 1:48 pm ]
Post subject:	Pipcruiser's Pipmasher
Thank you Pipcruiser and Master Hopwood for sharing the strategy and creating this bot. I like the way it trades. I am very appreciative for your knowledge, effort, and generosity. pipguy (Elon)

Author:	SteveHopwood [ Fri Nov 21, 2014 5:44 pm ]
Post subject:	Pipcruiser's Pipmasher
You are all most welcome guys. Most of us started out knowing bugger all and lost money learning what goes on in the markets. People helped us when we started; we are just carrying on the tradition.

Author:	woodlands [ Fri Nov 21, 2014 8:23 pm ]
Post subject:	Pipcruiser's Pipmasher
Thanks Steve, I am one of those who still knows bugger all but is ,perhaps, not losing as much money nowadays... This is the second week, I kept trades open over the weekend and ended closing manually.

Author:	matt_32 [ Mon Nov 24, 2014 10:21 am ]
Post subject:	Pipcruiser's Pipmasher
Ok a i noticed a small problem using Pipmasher in lower tf's . Sometimes the ea does not update its status and gives false indications. In other words it shows that last candle was up where in fact it was down. This behavior causes the ea to place false pending orders. Take a look a the charts. maybe there should be a timer (user adjaustable ) every x mins toi refresh the ea, thus giving the correct readings. Matt

Author:	spotdespot [ Mon Nov 24, 2014 10:30 am ]
Post subject:	Pipcruiser's Pipmasher
matt_32 » Mon Nov 24, 2014 11:21 am wrote:Ok a i noticed a small problem using Pipmasher in lower tf's . Sometimes the ea does not update its status and gives false indications. In other words it shows that last candle was up where in fact it was down. This behavior causes the ea to place false pending orders. Take a look a the charts. maybe there should be a timer (user adjaustable ) every x mins toi refresh the ea, thus giving the correct readings. Matt I'm not sure the problem is anything to do with refreshing. I think the issue is that (I suspect) the EA compares the open of the current candle with the open of the previous candle to determine whether the candle is up or down. This normally would be fine but if there are gaps in can cause a few odd things to happen - such as you have described and also trying to place a pending buy above the close of the previous candle even when price has gapped up, so the buy stop order price is below market price - which obviously produces an error. I haven't checked the code but I think this is what is happening but I am not too bothered about it, which is why I haven't checked. Cheers, Dave.

Author:	houston [ Mon Nov 24, 2014 2:07 pm ]
Post subject:	Pipcruiser's Pipmasher
I set Monday Trading to false but it still shows it is a trading day ...

Author:	matt_32 [ Mon Nov 24, 2014 2:12 pm ]
Post subject:	Pipcruiser's Pipmasher
spotdespot » Mon Nov 24, 2014 12:30 pm wrote: matt_32 » Mon Nov 24, 2014 11:21 am wrote:Ok a i noticed a small problem using Pipmasher in lower tf's . Sometimes the ea does not update its status and gives false indications. In other words it shows that last candle was up where in fact it was down. This behavior causes the ea to place false pending orders. Take a look a the charts. maybe there should be a timer (user adjaustable ) every x mins toi refresh the ea, thus giving the correct readings. Matt I'm not sure the problem is anything to do with refreshing. I think the issue is that (I suspect) the EA compares the open of the current candle with the open of the previous candle to determine whether the candle is up or down. This normally would be fine but if there are gaps in can cause a few odd things to happen - such as you have described and also trying to place a pending buy above the close of the previous candle even when price has gapped up, so the buy stop order price is below market price - which obviously produces an error. I haven't checked the code but I think this is what is happening but I am not too bothered about it, which is why I haven't checked. Cheers, Dave. I still believe this is a big issue. I don't know what causes it, but the fact is that it makes the EA to place pendings it shouldn't place, and at the same time enter trades it shouldn't enter. The same problem occured using the OOTB daily/weekly/monthly EA, as supplied in page 1 of the forum. Even with this problem this bot managed to get me more than 5000 pips from the beginning of month. I believe that it is , probably, the best bot presented in this forum and my thanks are extended to both Steve and Pipcruiser for making it available to us. Matt

Author:	spotdespot [ Mon Nov 24, 2014 3:02 pm ]
Post subject:	Pipcruiser's Pipmasher
xfactornos » Mon Nov 24, 2014 3:26 pm wrote:I don't understand what the problem is. There is no lower TF for this bot. Its only a Daily trader so it should only be on the D1 charts. Am I missing something? Yes. You can trade it any timeframe you like pretty much - you just need to change the settings to whatever you think is appropriate for trading timeframe and higher timeframes.

Author:	pipcruiser [ Mon Nov 24, 2014 3:26 pm ]
Post subject:	Pipcruiser's Pipmasher
Thanks for the kind words Matt What lower timeframes have you been testing on? ( I mean non-OOTB) PC Even with this problem this bot managed to get me more than 5000 pips from the beginning of month. I believe that it is , probably, the best bot presented in this forum and my thanks are extended to both Steve and Pipcruiser for making it available to us. Matt [/quote]

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