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Rail Road Tracks
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Author:  Freedom787 [ Thu Apr 25, 2013 2:58 am ]
Post subject:  Re: Rail Road Tracks
Tex, do you mind sharing with us what is going on with your demo? your demo account is rocking ( I'm assuming that's with the RR EA based on the name)

I had to pause my live testing as i'm working myself out of a nasty drawdown on my grid trading account. I'll be back in action in a week or so.
Author:  Sundog [ Thu Apr 25, 2013 7:32 am ]
Post subject:  Re: Rail Road Tracks
On my demo, i've been seeing the pinbars taking the wrong direction. I deduce that its because it is confusing the wicks on the candle. I've just increased the "percentageof" to 80 to see how that goes.
Author:  casapips [ Thu Apr 25, 2013 7:38 am ]
Post subject:  Re: Rail Road Tracks
Sundog wrote:On my demo, i've been seeing the pinbars taking the wrong direction. I deduce that its because it is confusing the wicks on the candle. I've just increased the "percentageof" to 80 to see how that goes.
Hi

Same for me ..Pinbars taking the wrong direction..

Many thanks
Author:  Sundog [ Thu Apr 25, 2013 11:15 am ]
Post subject:  Re: Rail Road Tracks
casapips wrote:
Sundog wrote:On my demo, i've been seeing the pinbars taking the wrong direction. I deduce that its because it is confusing the wicks on the candle. I've just increased the "percentageof" to 80 to see how that goes.
Hi

Same for me ..Pinbars taking the wrong direction..

Many thanks

I think its because there are wicks both above and below the candle body, I dont know if there is a way to code in the direction the candles are moving. (i've been here years and still suck at Empty4)
Author:  sponn [ Thu Apr 25, 2013 11:28 am ]
Post subject:  Re: Rail Road Tracks
I dont know anything about coding stuff but it should be easy. Just watch last x bars if they have higher highs (or lover lows) and then trade pinbar in opposite direction.
Author:  SteveHopwood [ Thu Apr 25, 2013 11:48 am ]
Post subject:  Re: Rail Road Tracks
casapips wrote:
Sundog wrote:On my demo, i've been seeing the pinbars taking the wrong direction. I deduce that its because it is confusing the wicks on the candle. I've just increased the "percentageof" to 80 to see how that goes.
Hi

Same for me ..Pinbars taking the wrong direction..

Many thanks
And me. We need some pinbar direction detection code. I will look into it.

:D
Author:  tex [ Thu Apr 25, 2013 2:24 pm ]
Post subject:  Re: Rail Road Tracks
Hi Freedom,

sure - my demo acc is doing good so far, but theres one thing u need to know -> i am not using a SL at all.

Every single SL option i tried with the bot ended up in the red zone in the end.

I am attaching my setfile here, perhaps someone will find some more safer settings.

Greetings,
tex
Freedom787 wrote:Tex, do you mind sharing with us what is going on with your demo? your demo account is rocking ( I'm assuming that's with the RR EA based on the name)

I had to pause my live testing as i'm working myself out of a nasty drawdown on my grid trading account. I'll be back in action in a week or so.
Author:  Pooler [ Thu Apr 25, 2013 2:27 pm ]
Post subject:  Re: Rail Road Tracks
Hi,

Disclaimer--I'm not dissing anyone's coding efforts here (especially Steve's). Far from it--as I only trade with EA's myself.

I read through Captain Jacks thread again (took the whole weekend) and its obvious that the skill comes from CJ's uncanny ability to read the "foxes" movements which is a human skill that simply cannot be automated properly. Its a combination of reading price action, with markers like pin bars, RRT's etc that all form a picture mixed in with plain old experience and "feel" that says "trade" for one scenario but "don't trade" on an identical scenario because in his mind it justn't look/feel right.

With both scenario's the EA will trade (rightly so) but CJ's ability will always out perform any EA.

Yes I know that there is no set and forget EA but there are so many human variables that need to be coded with this method.

Enough from me--- :D
Author:  getdown71 [ Thu Apr 25, 2013 2:44 pm ]
Post subject:  Re: Rail Road Tracks
I have a M15 setup that has some different settings on SL. Will post on the weekend after the trading week. (assuming it continues to be profitable)
Author:  SteveHopwood [ Thu Apr 25, 2013 2:53 pm ]
Post subject:  Re: Rail Road Tracks
Here is the nub of the pinbar problem guys. Visual CrapTest, EU, H4, Open prices only. Rrt trading disabled; PinBarShift = 1.
eurusd.gh4.png
The yellow arrow shows the new candle - you cannot see the candle on the chart as it forms in open prices craptesting.

So, the last visible candle is indeed a pin bar and the ea has identified it - you can see I have added a pb status display to the feedback.

The bar meets all the criteria coded into the bot to recognise the pb, but it is not a tradable pb as we are looking to trade. It is much too high - indeed the rrt code would have identified the set of rrt's and sent a sell, rather than the buy the pb code sent.

Have a look at LookForPinbar() guys. You can see one attempt to overcome this commented out. Everything I tried stopped identification of all pbs.

Any ideas? I have a headache. :lol:

:D
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