stevehopwoodforex.com • Rail Road Tracks

Author:

SteveHopwood [ Sun Apr 07, 2013 8:48 am ]

Post subject:

Re: Rail Road Tracks

Ben12 wrote:
SteveHopwood wrote:
rosst wrote:I am not sure it could be programmed, but another sign of a reversal RRT is a widening spread - of course at HOD/LOD (only seen in hindsight ) - even better at the previous day's HOD/LOD which gives a nice M or W over 2 days...
I have copied this as a comment into the code so I do not lose it.

Let's keep the HOD/LOD in the back of our mind for now and see if pure swing trading is successful - it is how I have traded live using 0.01 lots at $0.01 a pip for a couple of days and broken even.

Spotting the widening spread is a neat idea. Spread data is not saved but we can calculate it. I am thinking:
write an multi-pair script that will calculate the average spread over, say, 200 ticks and save this info in a Global Variable.

RTTnM can read the GV on startup, then compare the current spread with the average, go into ready-to-trade mode when it spots a spread that is x times the average, then trade when the spread contracts again.

run the script, say, once a week to keep up average spread updated
Any other thoughts about this, guys?

Hi Steve,

Thanks for the RRTnP. Below are some links to spread monitoring indi's that may help for future development:
http://codebase.mql4.com/6183
http://www.forexfactory.com/showthread.php?t=325434

Regards
Ben

Thanks Ben.

It is worth having a look at cmkm's thread at FF - he has posted a few useful looking indi's.

Jem, mop, always great to start the day with a laugh.

Author:	SteveHopwood [ Mon Apr 08, 2013 10:48 am ]
Post subject:	Oops
I started work on calculating the average spread last night and forgot to make an adjustment to the code that stops RRTnP from working in 1e. Anyone who downloaded 1e before seeing this post needs to re-download.

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Author:	SteveHopwood [ Sat Apr 06, 2013 10:49 pm ]
Post subject:	Re: Rail Road Tracks
Sojourner wrote:Steve, can you put an option in the EA setting to discombooberate the rogue trade setting thing? I get all crinkly knuckled and nervous when I edit anyones mq4 code. Nope. It is there for account protection. One day, you might be glad of it. Just remember what criminally crap Empty4 is, and how it is intentionally so.

Author:	Jemook [ Sun Apr 07, 2013 12:11 am ]
Post subject:	Re: Rail Road Tracks
SteveHopwood wrote:* After deleting a slew of pointless posts about backtesting results * Guys, please stop posting back test results. Note that I say 'please' only out of politeness. I do not actually mean 'please'. It is an instruction. Only the naive think that Empty4 Craptergy Tester backtesting results show anything useful. Hi Steve, I was trying to backtest your post but couldn't find enough historical data. Could you please supply me with tick data for forum posts backdated to 1942 as I can't get your post to work?! Regards, Jeremy PS. Cool EA

Author:	Ben12 [ Sun Apr 07, 2013 12:57 am ]
Post subject:	Re: Rail Road Tracks
SteveHopwood wrote: rosst wrote:I am not sure it could be programmed, but another sign of a reversal RRT is a widening spread - of course at HOD/LOD (only seen in hindsight ) - even better at the previous day's HOD/LOD which gives a nice M or W over 2 days... I have copied this as a comment into the code so I do not lose it. Let's keep the HOD/LOD in the back of our mind for now and see if pure swing trading is successful - it is how I have traded live using 0.01 lots at $0.01 a pip for a couple of days and broken even. Spotting the widening spread is a neat idea. Spread data is not saved but we can calculate it. I am thinking: write an multi-pair script that will calculate the average spread over, say, 200 ticks and save this info in a Global Variable. RTTnM can read the GV on startup, then compare the current spread with the average, go into ready-to-trade mode when it spots a spread that is x times the average, then trade when the spread contracts again. run the script, say, once a week to keep up average spread updated Any other thoughts about this, guys? Hi Steve, Thanks for the RRTnP. Below are some links to spread monitoring indi's that may help for future development: http://codebase.mql4.com/6183 http://www.forexfactory.com/showthread.php?t=325434 Regards Ben

Author:	Pooler [ Sun Apr 07, 2013 9:45 am ]
Post subject:	Re: Rail Road Tracks
Hey, Jemook, How about a new thread in the Lounge - "Famous Quotes from our Fearless Administrator" and the most inane follow-ups: Guys, please stop posting back test results. Note that I say 'please' only out of politeness. I do not actually mean 'please'. It is an instruction. Only the naive think that Empty4 Craptergy Tester backtesting results show anything useful. I was trying to backtest your post but couldn't find enough historical data. Could you please supply me with tick data for forum posts backdated to 1942 as I can't get your post to work?! And you forgot to ask about GMT settings... Cheers / Mop Don't forget "This EA doesn't work--I'm getting Error (enter any number you like)...."

Author:	Henric [ Mon Apr 08, 2013 9:28 am ]
Post subject:	Re: Rail Road Tracks
Hello Steve, (hope I don't disturb some Mozart sonates lesson to one of u're disciples !) So I opened on a Demo Cowboy IBFX AUS 29 pairs, on 1 and 4 hours that is 58 possibilities for RRT. (only RRT) How would' you liked to be updated of the situation? evry day, evry 3 days, only next friday ?? Just let m know. Cheers to all, H

Author:	SteveHopwood [ Mon Apr 08, 2013 9:47 am ]
Post subject:	Re: Rail Road Tracks
Henric wrote:Hello Steve, (hope I don't disturb some Mozart sonates lesson to one of u're disciples !) So I opened on a Demo Cowboy IBFX AUS 29 pairs, on 1 and 4 hours that is 58 possibilities for RRT. (only RRT) How would' you liked to be updated of the situation? evry day, evry 3 days, only next friday ?? Just let m know. Cheers to all, H Thanks Henric Let's do a first posting on Wednesday.

Author:	SteveHopwood [ Mon Apr 08, 2013 10:27 am ]
Post subject:	Re: Rail Road Tracks
V 1e is in post 1. I forgot to add code to send a comment that will allow us to see which system the bot used to send the trade, so I have added this. The comments are "RRT" and "Pinbar". I have also added the AlertPush input in the "Email thingies" section. If enabled, this will send a message to your iPods etc. No idea how it works - don't own an iPod, but you have to go to your Empty4 Tools/Options/Notifications tab. Notifications is only available on the latest builds.

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