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Thread: Ray Robot Plugs in a Filter

  1. #1
    Administrator Jim's Avatar
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    Ray Robot Plugs in a Filter

    Forexpattern has recently suggested adding a Commodity Channel Index based trend filter to Ray Robot II's admittedly almost empty bag of tricks. The idea is that:

    We usually don't want to take long trades in strong downtrending markets and no short trades in strong uptrending markets.
    Here's a suitably modified version of the original, not to mention one and only, Ray Robot II that should allow us all to experiment along these lines. We've cunningly combined two TLAs and thereby given this hopefully hardy new hybrid the codename of RR2-CCI:
    Attached Files Attached Files
    Reality is merely an illusion, albeit a very persistent one - Albert Einstein

  2. #2
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    Have you ported this to stEA as well ?

  3. #3
    Administrator Jim's Avatar
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    Hi apacc,

    Quote Originally Posted by apacc View Post
    Have you ported this to stEA as well ?
    Not as yet. MultiCharts is next on the list. After having done that a Strategy Trader port shouldn't be too difficult. Are you a big fan of C# in general, or Strategy Trader in particular?

    Cheers,

    Jim
    Reality is merely an illusion, albeit a very persistent one - Albert Einstein

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    Quote Originally Posted by Jim View Post
    Hi apacc,



    Not as yet. MultiCharts is next on the list. After having done that a Strategy Trader port shouldn't be too difficult. Are you a big fan of C# in general, or Strategy Trader in particular?

    Cheers,

    Jim

    What is MultiCharts?

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    Does RR2-CCI robot does trailing stop ?

    I am trying to think of a way for the robot to dynamically determine or move the stop loss upwards(in a long position) and at the same time move the take profit to a higher point.


    For example;



    Take profit ---> ep + 50pips


    Entry price ep -->


    Stop loss SL ----> ep - 10 pips

    If the price moves up 20% into the profit
    I want to reset the take profit point up 50 pips from the new point and set the new SL 10 pips from that point.


    The rationale behind such a strategy is because of the following assumptions :

    1. There are more losing trades than winning ones. But all losing trades are small and the winning trades will make a lot more than all the losing trades combined

    2. Eventually, you will hit a winning trade, and we want to capitalize on the winning trade as much as possible, maybe even adding an anti-martingale rule? everytime a winning trade increases by 3%, we add more position in the same direction, and if it reverses 3% we reduce the positions
    Last edited by sinlg; 02-16-2013 at 02:17 AM.

  6. #6
    Administrator Jim's Avatar
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    Hi Sinlg,

    Tradestation style MultiCharts - http://www.multicharts.com/trading-platform/ - Programmable in EasyLanguage (ish)

    .NET style MultiCharts - http://www.multicharts.com/net/ - Programmable in C#.
    Reality is merely an illusion, albeit a very persistent one - Albert Einstein

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