stevehopwoodforex.com
https://www.stevehopwoodforex.com/phpBB3/
Print view

RSI Vigor Cross with Hanover
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=10		 Page 1 of 1
Author:  SteveHopwood [ Wed Nov 16, 2011 10:04 am ]
Post subject:  RSI Vigor Cross with Hanover
SERIOUS WARNING
  • Most Forex traders lose all their money.
    Using the robot posted here in trading Forex does not guarantee success.
    Trading this robot could lead to serious financial loss.
    Trading this robot without understanding its underlying trading strategies guarantees traders will lose their money.
    This is not a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. This ea requires frequent manual intervention.
    At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.
    To trade this robot, you have to understand:
    How to use EA's.
    The RSI Vigor (MT$ platform/Indicators)
DO NOT USE THIS EA ON A LIVE ACCOUNT. IT IS EXPERIMENTAL.

Our thanks to astral for suggesting this. Read his idea at http://www.stevehopwoodforex.com/phpBB3 ... p?f=12&t=5

Hanover
The Hanover module allows us to trade in the direction indicated by hanover's Recent Strength indi. I consider this to be the most significant development in my trading. Details in the Hanover thread at http://www.forexfactory.com/showthread.php?t=319709 If you use Hanover, I recommend lawgirl's ratio of 1:4 to 1:6 between your trading and higher-direction time frames. For example, if trading the M5 chart, use M30 as your Hanover time frame.


EA inputs
You will find descriptions of many of the inputs in the attached Shell User Guide. I wrote it for issue with bots I code in the future. Where you see inputs described that you do not see in the EA's inputs list, ignore them.


In conclusion
Have fun. Let's see if this baby can sing.

:D

Matters of general interest

Read this post:
http://www.forexfactory.com/showthread. ... ost4923611 Newbie traders, read this for inspiration and warning. Those of you who have suffered losses, read it for inspiration. There is a thread devoted to Sam's trading method at http://www.forexfactory.com/showthre...25#post5118825

Masterly summary of hedging: http://www.forexfactory.com/showthread. ... ost4977179

EA coding
I receive may requests to code EA's. Traders, if I code your EA for free, then I will share it here. If you want me to code your EA without sharing, then my fee is $100 payable into my paypal account. I explain why at http://www.forexfactory.com/showthre...94#post4431794, at the bottom of the post.

Useful utilities/EA's/scripts
MaryJane has posted a fabulous utility to allow us to resize EA input windows: http://www.forexfactory.com/showthread.php?t=299017
Multi purpose trade manager: http://www.forexfactory.com/showthread.php?t=89371
Account equity analyser: http://www.forexfactory.com/showthre...16#post4693716 Also at http://www.forexfactory.com/showthread. ... ost4709098, which includes a template for both USD and the Euro.
Past-trades display indi by squalou; shows a graphical display of the success/failure of trades in your History tab. Breathtaking piece of work. http://www.forexfactory.com/showthread. ... ost3830610
My shell EA – the code I use to produce EA's so quickly. http://www.forexfactory.com/showthread. ... ost4431794

Most promising trading EA's
jiva: http://www.stevehopwoodforex.com/phpBB3 ... hp?f=5&t=3
_________________________________________________________________________________
Author:  Fate12 [ Wed Nov 16, 2011 10:20 am ]
Post subject:  Re: RSI Vigor Cross with Hanover
Jiva is still quietly raking in the profits on demo, so on to the next one :D
Author:  gaheitman [ Wed Nov 16, 2011 11:08 am ]
Post subject:  Re: RSI Vigor Cross with Hanover
Steve,

Can I make a suggestion? I haven't read through all of your EAs (yet! :) ) but in this one you close trades from within the ReadIndicatorValues() procedure. I think it might be better to have a ManageOpenTrades() procedure where you put the strategy-specific logic (as opposed to the generic TradeManagementModule()) and keep ReadIndicatorValues() as a non-trading procedure.

Actually, I think you almost did this, just with different names. What I expected to be in ReadIndicatorValues() you put into GetRV() and then you call it from ReadIndicatorValues().

As a comparison, in the Jiva bot, you have the logic in the start() proc.

By pulling this code out, we also gain the ability to continue to manage open trades in a strategy-specific way even though we are outside normal trading times.

As always, just my two cents worth.

George
Author:  SteveHopwood [ Wed Nov 16, 2011 11:35 am ]
Post subject:  Re: RSI Vigor Cross with Hanover
gaheitman wrote:Steve,

Can I make a suggestion? I haven't read through all of your EAs (yet! :) ) but in this one you close trades from within the ReadIndicatorValues() procedure. I think it might be better to have a ManageOpenTrades() procedure where you put the strategy-specific logic (as opposed to the generic TradeManagementModule()) and keep ReadIndicatorValues() as a non-trading procedure.

Actually, I think you almost did this, just with different names. What I expected to be in ReadIndicatorValues() you put into GetRV() and then you call it from ReadIndicatorValues().

As a comparison, in the Jiva bot, you have the logic in the start() proc.

By pulling this code out, we also gain the ability to continue to manage open trades in a strategy-specific way even though we are outside normal trading times.

As always, just my two cents worth.

George
Cheers George. It also makes sense to move the RVI and Hanover reading to the other side of the trading hours check as well - no point in burning processor-power when we don't need to.

Update in post 1. Not essential, perhaps, but a good thing.

:D
Author:  tex [ Wed Nov 16, 2011 6:03 pm ]
Post subject:  Re: RSI Vigor Cross with Hanover
Hi Steve,,

thanks for the new toy. I think there is a bug in the Hanover Section. The Parameter SlopeConfirmationCandle cannot be set to 1,1 for example. I can only enter one number.
I have Hanover TF set to M5,M30 and want to enter 1,1 for both of the TF.

Tex
Author:  SteveHopwood [ Wed Nov 16, 2011 6:21 pm ]
Post subject:  Re: RSI Vigor Cross with Hanover
tex wrote:Hi Steve,,

thanks for the new toy. I think there is a bug in the Hanover Section. The Parameter SlopeConfirmationCandle cannot be set to 1,1 for example. I can only enter one number.
I have Hanover TF set to M5,M30 and want to enter 1,1 for both of the TF.

Tex
That is not a bug - it is the only way I could find to code it. SlopeConfirmationCandle is an integer and so cannot accept multiple entries.

I am not saying that multiple-entry slope cannot be coded, just that it is complicated and not usually needed.

:D
Author:  shadow3131 [ Sat Nov 19, 2011 8:31 pm ]
Post subject:  Re: RSI Vigor Cross with Hanover
Hi Steve

I intend on testing the RSI Vigor Cross with the following settings:
- Trades taken of H1
- Hanover set to H4
- Threshold set to 80/20
- 0.1 lots
- The rest of the EA with OOTB settings.

Trades will be managed by MPTM with following settings:
- TP and SL using ATR (D1 timeframe, 14 period )
- Jumping stop at 50pips
- Global take profit enabled, target $100

I will keep you all updated on the demo's progress.

I do have a suggestion. Would it be possible to add the " time between trade" input to the EA. My reasoning is as follows : with the settings I intend on testing, the EA should enter a trade around the middle of a micro trend on the H4 timeframe. The H1 will of course trigger the trade enabling us to take full advantage of the rest of the momentum. Now , as we all know, the market will retrace and before such a retracement occurs, price action becomes choppy . The RVI indicator of course is susceptible to such movement and may trigger low probability trades, hence, a "time between trade" input would allow us to filter some of these bad trades.

Hopefully I am making sense, please let me know if I am unclear.

Again, thanks for your work :D
Author:  astral77 [ Sat Nov 19, 2011 9:52 pm ]
Post subject:  Re: RSI Vigor Cross with Hanover
Hi Steve

Thanks for doing the EA. I am sorry I thought I had posted a reply here on Wednesday but apparently not.
This EA is on demo in my office machine since Wednesday. I will let you know how it gets along.

Kind regards
All times are UTC Page 1 of 1

Powered by phpBB® Forum Software © phpBB Limited