Spider: an auto-trader for spiderforex's VQ system

[rebeljedi]

hi George,
I have tested the DFTD OOTB settings, it's working as expected.
Thanks a lot for your help all this time.

Could you advise how and when to use this code?

Code: Select all

extern string  spt="----Specific time inputs----";
extern double  StartTime=0;

Thanks!

[lavista4u]

hi guys...sorry for a very long pause with Spider, I will be now continually updating the system, thank you Steve for having the patience to code the system. From Monday onwards, I will be testing the system with many settings and would let you know the results.

Please as we have experienced, do not change or add any extra indicators to "IMPROVE" the system, as i have said, in the FF thread, this system cannot be improved by way of indicator changes, it could be taken advantage of by getting the best set file out of the indicator. So please, do not try to suggest to add extra changes in the code for improvement.

-------------------Basic Dynamics of Market----------------

The Market underlying currents have changed dramatically over the years, what used to be a slow trend 5 years back is now extreme volatility, which is..what used to take 1H for 100 pips gets over in 5M now...the swings are very extreme for all pairs now a days...as you may have experienced yourself

I have two options now to test, will use Simple Spider EA in 1M chart and 1H chart.

For 1M chart, I would use EURUSD, USDCHF, AUDUSD pairs for testing which has around 1 PIP spread.

a) Settings Length >>3 , SL >>4, TP >>4, Martingale and everything else, jsl, trail stop etc =FALSE

b) Settings Length >>3 , SL >>4, TP >>4, Martingale= True, Value =2 and everything else, jsl, trail stop etc =FALSE

For 1H chart, I would use almost all major pairs.

a)Settings Length >>16 , SL >>25, TP >>0, Martingale=FALSE and Jumping Stop Loss=20, Break Even Pips=25 BreakEvenProfit=3, AddBreakEvento JSL=TRUE, Trail Stop=False

b)Settings Length >>16 , SL >>25, TP >>0, Martingale=TRUE, Value=2 and Jumping Stop Loss=20, Break Even Pips=25 BreakEvenProfit=3, AddBreakEvento JSL=TRUE, Trail Stop=False

Lets see how it goes, The pairs volatility keeps changing, look at EURCHF, it hardly moves now, so we have to adjust the length accourdingly, that is why i have changed the length from 8 to 16 for higher TF and 8 to 3 for lower TF...

Good Luck...will update the demo results on monday ...also, if you don't see the vq chart, change the brokers....Alpari is working..which is what i use....Thanks

[lavista4u]

Hi Steve there seems to be an error with simple spider when it comes to Take Profit in Martingale. As you can see from the image, the take profit was hit but the order was not closed, it only got closed when the trend signal changed.

----

1) The problems starts with Martingale when the lots starts from 8 ...1,2,4 lots does not seems to have a problem...I have given the Max lot at 32.

2) Another error I found was, when the order is closed by the change in signal not by TP or SL, there seems to be no next order when Martingale is in operation, however, sometimes, it works fine, and other times, the EA does not take any trade, I have noticed this during high volatile periods..

I"m testing the EA with various settings to get the best set-file.

Thanks

[lavista4u]

oops. sorry guys, the EA is working fine, no issues with the TP error described above, the problem was with the broker alpari nz and some hst file corruption. I have begun the forward testing again and will soon post the results...thanks

[Tao]

Just want to share my personal views and experiences with the Spider. Might be wrong might be right, but just sharing.

English is not my first language, hope you can understand.

First of all I have being trading the spider live.

The entry signals are slightly from broker to broker, even it's slightly different between demo and live on the same broker. But you will still get similar results.

The default settings is a good place to start on 30 min chart(I had downloaded the EA from FF), just fine tune the Vqlength. Add 1 or minus 1 from the default, you will gradually get the "optimal" value that you are comfortable with.

What I observe is the price normally chops up and down on the start of the week, you loose, But the martingale well cover this when you hit a big run during the middle of the week. So you might still be loosing in terms of "Pips", but you will be winning in terms of "dollars".

Psychologically, you got to live with the loosing and the chopping while martingale makes it back when the trend comes.

Thus in other words you got to allow the "leveled up" martingale catch the trend to cover the losses. If the ranging market ranges too long, and the "level up" of the martingale exceed the upper limit of the controlled martingale, you loose money, and loose a lot. But if the market start trending before exceeding the limit then you make a lot of money. You got to set a limit that the market is comfortable with, and able to catch the trend before exceeding the limit. I find the default to be good enough.

Thanks to all and thanks to the forum. I learned a lot.

Lastly, hope everyone is making good money.

[Francis]

Hi Steve,

Thank for the wonderful Spider EA and great job! Is there a posibility to code the Spider EA to trade in H1 timeframe but buy/sell signal trigger by Volaility Quality indicator using higher H4 timeframe?

The current EA does not allowed Higher VQ timeframe.

Hope this thread is still alive!

Cheers!

Francis

[fx800]

Hi Steve,

Thank for the wonderful Spider EA and great job! Is there a posibility to code the Spider EA to trade in H1 timeframe but buy/sell signal trigger by Volaility Quality indicator using higher H4 timeframe?

The current EA does not allowed Higher VQ timeframe.

Hope this thread is still alive!

Cheers!

Francis

How about try this. Change the VqTimeFrame input from 0 to 240, and load the ea to H1 chart ?

0 defaults to chart TF. 240 changes the TF to 240 minutes or 4 hours.

[Francis]

This is exactly what I did if you look at my earlier screen shot.

It did not trigger any buy sell signal if the spider EA VQ Timeframe input 240 with H1 timeframe.

The only way is to manual trade and often miss out good signal during my sleep.

Hope someone can help code the EA to work with VQ 240 timeframe,

Cheers!

[fx800]

This is exactly what I did if you look at my earlier screen shot.

It did not trigger any buy sell signal if the spider EA VQ Timeframe input 240 with H1 timeframe.

The only way is to manual trade and often miss out good signal during my sleep.

Hope someone can help code the EA to work with VQ 240 timeframe,

Cheers!

Looking at your screenshot at the right hand top corner, the ea name and a smiley face are missing, also the screen messages are missing. This indicates that you have not loaded the ea onto the charts.

In case you have loaded the ea on the chart and it is not trading, the ea attached has H4 TF hard coded into the ea. You need to put the ea into GFT Empty4/experts folder, the VQ7 indi should go into GFT Empty4/experts/indicators folder, and the attached template into GFT Empty4/templates folder (NOT the GFT Empty4/experts/templates folder).

MAKE SURE YOUR Empty4 platform is set up for ea live trading by clicking on TOOLS, then OPTIONS, and tick all four outer boxes and remove ticks from all the inner boxes.

If you have configured correctly, your ea at the right hand top corner should have a smiley face.

The VQ7 indi code in the ea has been modified by substituting the time frame with 240 as follows

//Indicator module

void GetVq()
{
trend = none;

VqUp = iCustom(NULL, 0, "VQ7", false, 240, VqLength, VqMethod, VqSmoothing, VqFilter, false, false, true, true, false, true, Yellow, Aqua, 10000, 3, 1);
if (VqUp != EMPTY_VALUE) trend = up;
VqDown = iCustom(NULL, 0, "VQ7", false, 240, VqLength, VqMethod, VqSmoothing, VqFilter, false, false, true, true, false, true, Yellow, Aqua, 10000, 4, 1);
if (VqDown != EMPTY_VALUE) trend = down;

I have also changed the maximum spread from 40 to 120.

As the modified ea is hard coded for H4 TF, it will buy/sell according to H4 buy/sell trigger from VQ7 indi irrespective of what TF chart it is loaded onto.

[fx800]

A buy trade for EURUSD on the H1 chart using H4 VQ7 trigger, using the modified ea and template posted above.