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Rinse 'n Repeat
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Author:  SteveHopwood [ Thu Apr 28, 2016 10:25 pm ]
Post subject:  Rinse 'n Repeat

I am starting to really like this bot.

I put him on my live trading account on Monday, GJ, 0.01 lots. The point is to test him out without taking any risks with the account. He has added 1479 painless pips so far this week, and a gain of $100.

I think RnR is the perfect bot for following Bob's principle of little-and-often. Lots and lots of tiny pip trades add up to a lot of pips. It is an expensive way to trade, but if the equity is going up then I don't care. Global Prime are welcome to my commissions, just for existing and allowing me to trade with an honest broker. :clap:

Here is what I am starting to think:
  • we need $2,000 balance to trade 0.01 lots per pair safely. This gives a default emergency partial close of $400. Even a leaky toilet takes a while to get there.
  • Imagine a $10,000 account. Given that leaky toilet markets occur, we are better off trading 5 pairs at 0.01 lots than 1 pair at 0.05 lots.
I shall start to transfer my live trading to this next week. I have done well out of HGBnG this week, but there is a lot of DD to work through.

Mine is a $10,500 account. Not vast, but about $10,000 vaster than it was this time last year. I do not know which will be the best 5 pairs to transfer to, so I shall start with the four biggies + GJ.

These might not be the ideal pairs. It strikes me that RnR will perform best when the market is ranging reasonably tightly. Bruster's fantastic contributions ensure that holes in the grid left by trade closures are filled in, so the less often the market takes off, say, north, leaving our 15 sells isolated and looking ashamed of themselves, the better. Maybe we need those with a low daily ADR?

We shall see. Early days.

Carry on having a blast folks.

Another HUGE round of :clap: to Remon for inspiring all this.

:xm:
Author:  pg2205 [ Thu Apr 28, 2016 10:44 pm ]
Post subject:  Rinse 'n Repeat

Totally agree!

This EA is BONKERS and I want to thank Steve, Bruster, Remon and all the other contributors for the inspiration and this fantastic EA.

I've been running it this week on my GP Demo account, $2500 starting Balance. I've run it across GBP/USD, EUR/USD and USD/JPY. DistanceBetweenTradesPips is set to 5 with 0.01 per pair.

As of today the balance is $2900.00 with a draw down of $110.00.

I noticed yesterday with the USD/JPY pair that after the BoJ announcement, I still had a buy dangler at the 111.68 level. My overall profit for that trade outweighed the draw down so when I went to closed down that dangler, it closed the entire lot of trades for that pair. Lesson learnt I guess but it didn't matter as I still made money.

The EA went on to open a new lot of trades and make more money overnight. BRILLIANT!

Truly amazing guys! There is NOTHING out there like this! :yahoo:
Author:  cyberevil [ Thu Apr 28, 2016 10:48 pm ]
Post subject:  Rinse 'n Repeat

SteveHopwood » April 28th, 2016, 2:25 pm wrote:I am starting to really like this bot.

Here is what I am starting to think:
  • we need $2,000 balance to trade 0.01 lots per pair safely. This gives a default emergency partial close of $400. Even a leaky toilet takes a while to get there.
  • Imagine a $10,000 account. Given that leaky toilet markets occur, we are better off trading 5 pairs at 0.01 lots than 1 pair at 0.05 lots.
We shall see. Early days.

Carry on having a blast folks.

Another HUGE round of :clap: to Remon for inspiring all this.

:xm:

Hi Steve!

Boy am I glad I harassed you about Remon idea and I'm glad my friend passed it on to me. It's weird how life works on the internet. So random! :lol: And Bruster, where did he come from? :twisted: I'm glad we found him to open this twisted logic up and come up with the logic flow diagram! thanks bud!

I agree with the $2,000 balance to trade 0.01 lots per pair. My experimentation has me believe this is the safer yet still very profitable route.

Even if you keep hitting emergency partial close on some pairs multiple times the other will carry you and average out your wins.

Good on you for taking this on and investing so much of your time!

thank you, I really appreciate it Steve! :!!:
Author:  SteveHopwood [ Thu Apr 28, 2016 10:57 pm ]
Post subject:  Rinse 'n Repeat

cyberevil » Thu Apr 28, 2016 10:48 pm wrote:
Hi Steve!

Boy am I glad I harassed you about Remon idea

So am I. :clap: :clap: :clap:
and I'm glad my friend passed it on to me.
Tell him/her that he/she is a total star. :clap: :clap: :clap:
It's weird how life works on the internet. So random! :lol: And Bruster, where did he come from? :twisted: I'm glad we found him to open this twisted logic up and come up with the logic flow diagram! thanks bud!
I reckon he is an alien life form that has existed in deep hibernation since the Dawn of Time, awaiting the need to leap into life and allow a small group of very nice people to take over the financial world. :lol: :lol: :lol:

:xm:
Author:  Peepaws [ Thu Apr 28, 2016 11:01 pm ]
Post subject:  Rinse 'n Repeat

SteveHopwood » Thu Apr 28, 2016 10:57 pm wrote:
cyberevil » Thu Apr 28, 2016 10:48 pm wrote:
Hi Steve!

Boy am I glad I harassed you about Remon idea

So am I. :clap: :clap: :clap:
and I'm glad my friend passed it on to me.
Tell him/her that he/she is a total star. :clap: :clap: :clap:
It's weird how life works on the internet. So random! :lol: And Bruster, where did he come from? :twisted: I'm glad we found him to open this twisted logic up and come up with the logic flow diagram! thanks bud!
I reckon he is an alien life form that has existed in deep hibernation since the Dawn of Time, awaiting the need to leap into life and allow a small group of very nice people to take over the financial world. :lol: :lol: :lol:

:xm:
That deserves a bow and a long clap...

:hi: :clap: :clap: :clap: :clap: :clap:
Author:  SteveHopwood [ Thu Apr 28, 2016 11:13 pm ]
Post subject:  Rinse 'n Repeat

On a slightly more serious note about people appearing from nowhere and suddenly making invaluable contributions. I am sure that there are those who hate my insistence that SHF be a meritocracy. No doubt many new members dismiss me as a poncy pig. I do not care. SHF is a meritocracy and will remain so whilst am the owner.

We all remember how Kevin suddenly appeared in the HGBnG thread with his supernova contributions. Bruster has done so here.

Both of these individuals were members for a long time before weighing in with unbelievably fantastic contributions. Maybe they were always genius'. Maybe they acquired their genius by learning here. I don't know. What I do know is this: their contributions are helping to change lives.

That is how to make an impact here noobs. Even if it takes a while to learn how, have something useful to say when you first enter the fray. I guarantee you will be noticed.

:xm:
Author:  kwchau [ Fri Apr 29, 2016 6:55 am ]
Post subject:  Rinse 'n Repeat

kwchau » Thu Apr 28, 2016 11:21 pm wrote:Hi Guys, I need some help to solve this problem.

The EA is running perfectly on my demo account (see chart below) but facing constant freezing on live account. Numerous of these errors, I believe, are causing the freezing of the live platform.
***************************
2016.04.28 22:57:40.912 Rinse %27n Repeat 1k GBPJPY,M5: Alert: Rinse %27n Repeat 1k 56477513 CloseOrder() order close failed with error 4108: invalid ticket

2016.04.28 22:57:40.912 Rinse %27n Repeat 1k GBPJPY,M5: unknown ticket 56477513 for OrderClose function
********************************

Anyone know the reason or experience the same? I guess it might be broker specific.

Appreciate any help !

kwchau
I think I have found the reason why my live platform is unstable. :idea: The error messages occur when the EA tries to close a position which does not exist. What happens was I run the live account in a VPS and at the same time run a copy of the EA (with Stop Trading set to true) on my home PC so that it is easier for me to see the EA info.

Although I have turn the Stop Trading to true at my home PC, it still messes up the EA running in the VPS. since last night after I stopped the home PC EA, RnR is running smoothly like silk in the VPS.

Thank you all the gurus here, this is an unbelivable trading robot. :!!: :!!:
Cheers
kwchau :P
Author:  denmig [ Fri Apr 29, 2016 7:11 am ]
Post subject:  Rinse 'n Repeat

Hello everyone!

My huge THANKS to Masters with brilliant brains, whose cooperation provided us with such pip-generating machine, as this EA :hi:

It is hard not to notice that RnR carries out a large number of trades. Currently I am demoing 6 RnR's with different setting on GJ and they together did trade 21.65 lots per day :uff:

And one thought came up to me - what if we use one of numerous cash rebate proposals?...

PS: sorry for my English and please let me know if the subject of cash rebates is forbidden here on SHF :oops:
Author:  Louisetano [ Fri Apr 29, 2016 7:46 am ]
Post subject:  Rinse 'n Repeat

Little strokes fell great oaks ;)

:)
Author:  Gertje [ Fri Apr 29, 2016 8:07 am ]
Post subject:  Rinse 'n Repeat

kwchau » Fri Apr 29, 2016 6:55 am wrote:
I think I have found the reason why my live platform is unstable. :idea: The error messages occur when the EA tries to close a position which does not exist. What happens was I run the live account in a VPS and at the same time run a copy of the EA (with Stop Trading set to true) on my home PC so that it is easier for me to see the EA info.

Although I have turn the Stop Trading to true at my home PC, it still messes up the EA running in the VPS. since last night after I stopped the home PC EA, RnR is running smoothly like silk in the VPS.

Thank you all the gurus here, this is an unbelivable trading robot. :!!: :!!:
Cheers
kwchau :P
Hi,

There is an indi for this at post 1... :smile:

Also "stoptrading=true" stops the EA from sending new orders, but keeps the EA managing the trades.
All of Steve's EA's behave like that.
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