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Old 2009-06-26, 01:11 PM   #142 (permalink)
rsmereka
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Trader for 8 - 12 years
Location: Southwestern Ontario, Canada
Posts: 1,777
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Quote:
Originally Posted by jerrycollie View Post
Hi Rick,
As you know Fapturbo only scalps on the 15 minute time frame and does its long term on the 1 minute time frame. So when I was running Fapturbo, I would set up at least 5 identitcal charts on the 15 minute time frame and drop a copy of Fapturbo on each chart. I found some robots would trade sooner than others; probably because of a random number thing in the program which separates everyone's trades; so that we do not all enter a trade all at once and swamp our brokers. I think this random number spacer is set when I drop the robot onto a chart, instead of when the trade is made.
Anyway as I moved on to Megadroid, I discovered Megadroid would run on any time frame. So right now I have Megadroid set on 6 charts of EUR/USD, the 1 minute, 5, 15, 30, 1 hour and 4 hour charts. I have done the same with Maestro, only on more different pairs; since Maestro will trade on any pair. What I find as a general rule is that the 1 minute chart makes more trades, then the 5 minute, and on up to the 4 hour chart where there usually are no trades. There are exceptions, however. On GBP/USD I found more trades on the 15 minute chart. Any way the best strategy is to run at least 5 charts and of course spread out your lot-size, just in case they all hit at once; which has happened with Megadroid.
Keep in mind, if you do this, each copy of Megadroid needs 2 different reference (magic) numbers to keep track of its conservative and its aggressive trades. If you run 5 copies of Megadroid, you must use 10 different reference numbers. This is not a problem; since with 8 digits, you have a billion combinations. Of course these numbers must also be different from any other reference numbers on any other robots you are running.
Megadroid traded for me on the 1 minute chart on Monday June 22 for a win of 6 pips live on IBFX. Another trader reported a Megadroid win on Tuesday.
Thanks for the explaination.

I never thought about running MegaDroid on the different time frames.

Rick
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