Bob and Shelley and Fractals

Bob and Shelley and Fractals

Postby SteveHopwood » Wed Oct 02, 2013 6:10 pm

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. Remember to set IsGlobalPrimeOrECNCriminal to 'true' if your crim insists on two-stage order sending.
    • Fractals - found in your Indicators window.

I am not yet trading this EA on my live account

This is another take on BASA. Read about BASA at http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=5&t=2759 Especially, read the User Guide.

The only difference between BASA BASAF is in the method of taking the Main Trade (there are no Re-entry trades). BASAF uses Fractals trigger the Main Trade:
  • in an uptrend, BASAF takes a buy after the market has fallen to the relevant previous low.
  • in a downtrend, BASAF takes a sell after the market has risen to the relevant previous high.

BASAF places lines on the chart that represents the buy and sell limit levels. The Fractals inputs are:
  • NoOfFractals: by default, BASAF uses the highest of the previous two and lowest of the previous two fractals. This allows you to be flexible when nearby fractals look unpromising.
  • FractalsTimeFrame: the default of zero means 'current chart time frame'. This allows you to use fractals from a different tf should you wish to.

I had intended leaving BASAF running for the rest of the week and publishing over the weekend, but it made 2% today when MPTM closed the basket. It is working as I intend.

An uptrend is when the 60 MA > 240 MA. A downtrend is when the 60 < the 240. At the moment, the bot can take a buy when the market has retraced below the 240 to reach the fractal; vice-versa for a sell. We may need a filter to deal with this - let's see.

You will see that Andy's MA stacking applies only to stack trades.

Have fun.

:D
Matters of general interest
Go here to download and run the script that will fill your platform's missing chart history: viewtopic.php?f=15&t=254
Read this post:
viewtopic.php?f=6&t=78 Newbie traders, read this for inspiration and warning. Those of you who have suffered losses, read it for inspiration.

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 viewtopic.php?f=15&t=79, at the bottom of the post.

Useful utilities/EA's/scripts
You do not have the required permissions to view the files attached to this post.
Read the effing manual, ok?

Global Prime is the official SHF broker. Click here to sign up for a live account with Global Prime and join the several thousand SHF members who wisely choose GP as their broker of choice.

I still suffer from OCCD. Good thing, really.

Anyone here feeling generous? My paypal account is always in the market for a tiny donation. [email protected] is the account.

To see The Weekly Roundup of stuff you guys might have missed Click here

My special thanks to Tommaso (milanese) for all the incredible work he does here.
User avatar
SteveHopwood
 
Posts: 9318
Joined: Tue Nov 15, 2011 8:43 am
Location: Misterton - an insignificant village in England. Very pleasant to live in.

Re: Bob and Shelley and Fractals

Postby zTB » Wed Oct 02, 2013 9:08 pm

FORWARD TEST up and running.

Let us see what this brings...

Wishing good things to all.

Z
You do not have the required permissions to view the files attached to this post.
zTB
 
Posts: 84
Joined: Sat Mar 16, 2013 9:45 am

Re: Bob and Shelley and Fractals

Postby fxozgirl » Wed Oct 02, 2013 9:29 pm

SteveHopwood wrote:
I had intended leaving BASAF running for the rest of the week and publishing over the weekend, but it made 2% today when MPTM closed the basket. It is working as I intend.

Have fun.

:D


This does sound fun....thanks Steve :D
User avatar
fxozgirl
 
Posts: 1188
Joined: Wed Nov 16, 2011 9:16 am
Location: Melbourne, Australia

Re: Bob and Shelley and Fractals

Postby trader689 » Wed Oct 02, 2013 9:42 pm

ztb i think this has ot be run on H4 charts?

zTB wrote:FORWARD TEST up and running.

Let us see what this brings...

Wishing good things to all.

Z
trader689
 
Posts: 485
Joined: Thu Nov 17, 2011 12:53 am

Re: Bob and Shelley and Fractals

Postby zTB » Wed Oct 02, 2013 9:51 pm

trader689 wrote:ztb i think this has ot be run on H4 charts?

zTB wrote:FORWARD TEST up and running.

Let us see what this brings...

Wishing good things to all.

Z


Thank you.

Moved to H4.

Z
You do not have the required permissions to view the files attached to this post.
zTB
 
Posts: 84
Joined: Sat Mar 16, 2013 9:45 am


Return to Automated trading systems

Who is online

Users browsing this forum: No registered users and 2 guests