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| Holy Graily Bob 'n Grid https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=4525 |
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| Author: | patmontes [ Sat Mar 12, 2016 2:25 pm ] |
| Post subject: | Holy Graily Bob 'n Grid |
Thank you Steve for approving the RAD triggers :hi: I have the same results as your demo where the open trades by end of week is the wet blanket. Progress on the balance is great anyways and still outweigh the floating DD.... We will see next week how he recovers. Yes it's true the new code fixes have performed as intended  Looks promising that we will get out of the DD |
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| Author: | SteveHopwood [ Sat Mar 12, 2016 4:07 pm ] |
| Post subject: | Holy Graily Bob 'n Grid |
V 2i is in post 1, with Rad trading enabled. DO NOT ENABLE IT ON YOUR LIVE ACCOUNT UNTIL THE CODE HAS BEEN TESTED. I decided not to bother with an 'experimental' version. Anything not quite right can be corrected quickly.  |
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| Author: | SteveHopwood [ Sat Mar 12, 2016 4:14 pm ] |
| Post subject: | Holy Graily Bob 'n Grid |
I just had a pm from Kevin. He's bin thinkin again; what is coming soon is utterly brilliant. Be excited folks. Be very excited. Don't bother downloading 2i unless you want to look at the code. |
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| Author: | SteveHopwood [ Sat Mar 12, 2016 6:15 pm ] |
| Post subject: | Holy Graily Bob 'n Grid |
Courtesy of Kevin, V 2j is in post 1. What astonished me is that he appears not to need a bath before doing useful thinking.  Hang on to your socks folks, 'cos this is going to blow them off. I am going to let him explain in his own words, so here is the pm he sent me. Take your time reading it: ------------------------------------------- "Hi Steve, What amazing results we had with HGB'nG this week.  There's no doubt that HGB'nG has the potential to be one of the most profitable EA's. Still, after this week's events, I noticed a dangerous downside to the way we are running HGB'nG at the moment. I'll explain why, and trust me, I got a potential solution to it (already coded). After Thursday's events, I was very euphoric as I saw that my balance was growing rapidly and my equity was following closely with low drawdown (< 10%). But on Friday, as my balance kept growing, my equity fell to a drawdown of 25%, eating on my all time HGB'nG's profits. I investigated why this was happening, and found out that most of that loss is caused by my 10 open GJ sell trades. As high semafor signals were appearing, my buy trades were being closed out, new sell stop trades were placed, some of them filled, then price headed north again, this cycle repeated, creating a ever growing drawdown. This is not dramatic, as we are intelligent beings and so I started to think of a way to get out of that big drawdown. What I noticed is, that although semafor signals are very good areas to close our trades out, they almost never (in real-time, not in hindsight) act as good reversal signals. You already know it, but plotting the Quantum on a chart shows us that these signals keep appearing in a downtrend as well as in a uptrend : So my rhetorical question is : Why the heck do we want to be sellers in an uptrend and buyers in a downtrend? If we know that high semafor signals are more an indication of an uptrend than a downtrend, then placing sell orders on that signals, is just going to act as a silent (but fast) death on our equity. If this GJ uptrend continues with the same momentum as has been since wednesday, then if nothing changes in the way I am trading HGB'nG, my real account will be wiped out by end of next week.  Now comes my suggestion.  Why don't we add an option, that when a high semafor signal appears, makes HGB'nG simply close out our buy trades that are in profit and sends a new grid of buy stop orders and a new grid of buy limit orders? This would allow us to catch the retrace if there is one, profit from the uptrend, and if the retrace is deep enough and we catch enough buy limit orders, it possibly would close out our whole position when "HedgeProfitPips/Cash" is attained, ending the cycle.If it still goes wrong, and the retrace is in reality a reversal (so the high semafor was really a 3 level high semafor which won't repaint), then we end up with a position that has to be closed out manually, but hopefully with a global profit. Looking back on many charts, real semafor signals are very rare compared to quantum signals. I strongly believe that this strategy would work better then adding to our losing position and accumulating drawdown, but whoever wants can turn the limit order option off. We can also later as we see how the EA performs on this, work out a good way to handle those buy orders that happen to open on the last semafor signal. Steve, what do you think of this? As this text is getting pretty long, I'll write another PM with the changes I've made on the code. Cheers, Kevin" ------------------------------------------- Stunning, or what? You will find the relevant inputs in the "3 semafor inputs" section:
This does move us a step away from having the holy grail of an ea that can be left alone, but anyone here seriously thinks that Kevin will not come up with ideas to improve the bot still more once the markets reopen and we start trading again. Fantastic stuff Kevin. Absolutely brain-blowing.    I bloody hate weekends.  |
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| Author: | tonyharmony [ Sun Mar 13, 2016 6:07 am ] |
| Post subject: | Holy Graily Bob 'n Grid |
Simply brilliant Kevin, bravo... Thanks for taking the time, and skipping your bath... Cheers |
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| Author: | zaguy [ Sun Mar 13, 2016 6:41 am ] |
| Post subject: | Holy Graily Bob 'n Grid |
Brilliant stuff!! |
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| Author: | trader689 [ Sun Mar 13, 2016 11:59 am ] |
| Post subject: | Holy Graily Bob 'n Grid |
thanks Kevin! bring Monday on |
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| Author: | patmontes [ Sun Mar 13, 2016 1:50 pm ] |
| Post subject: | Holy Graily Bob 'n Grid |
Great idea Kevin and Steve!! Just thinking on the below: Just thinking out loud... (and willing to be shot down ) Is it worth sending at the same time already the sell stop orders, X pips away below the buy limit orders so that when it goes wrong, we already are on our way closer to the target Global profit given that the trend is reversing and the semafor high did not repaint? |
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| Author: | SteveHopwood [ Sun Mar 13, 2016 2:24 pm ] |
| Post subject: | Holy Graily Bob 'n Grid |
US folks, have a read of this post http://www.stevehopwoodforex.com/phpBB3 ... 34#p136934. |
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| Author: | k3v1n0s [ Sun Mar 13, 2016 4:20 pm ] |
| Post subject: | Holy Graily Bob 'n Grid |
Excellent idea Pat! This could make HGB'nG a hands-free EA again. Seems like Steve is already making the changes to the code.  Can't wait for tomorrow. Thank you very much Pat! Cheers, Kevin |
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