Only post in this thread if you would like to post a 100% mechanical system that will be part of this project. For any comments/criticism/condemnation/advice/tips you are welcome to pm me but please keep this thread clean.
I’m currently teaching myself to program and I have been testing a few strategies without too much luck. I often end up playing around with different exit strategies to try and optimize the system.
I’ve also realized that most 100% mechanical systems are not profitable over a long time.
I have now decided to try and find the best mechanical system/s with the highest winning percentages using a very basic exit strategy, where TakeProfit and StopLoss will be an equal amount of pips (e.g. Take Profit is 20 pips and StopLoss is 20 pips).
Once we find these systems they can surely be optimized with better exit strategies but we need to find systems that will consistently enough move in the forecasted direction first. (We may later open specific system threads.)
I hope this project will be valuable to beginner traders and traders without any programming skills to be able to test their strategies. If you spend hours doing manual backtests of 100% mechanical systems, you can save a lot of time by using a simple program.
For now only post your system if you have a basic system that you would like me to program and test. Please see the rules below.
I will also contribute some of my own systems. The results of the system will be posted in the forum once programming and testing has been completed.
I will also provide the poster of the system with the EA to play around with different settings. This will not be an EA that can be used for live trading; my programming is not even close to that standard (and an error may just wipeout your account). It will be a basic program to test your strategy.
Your system must comply to the following:
- 100% mechanical system i.e. no trader discretion at all, this does not mean indicators only – some price action systems can be programmed too. (If you are not sure if your system is 100% mechanical and programmable pm me before posting your system).
- TP and SL of equal size but minimum 10 pips
- Any timeframe (or multi-timeframe) from M1 to W
- System must make at least 2 trades per month
- Your rules must be clear and to the point, I don’t want to guess how the system works. Type out your rules before posting them, test if you can do a manual backtest following only those rules you have typed out.
- Point out whether your system should open a trade only at the end of a bar or any time the criteria have been met.
Testing and results:
- Testing will be backtests based on my MetaTrader historic data
- Testing will be done over a 5 year period, firstly on EUR/USD but also other currencies if there is potential
- Results will be posted as : “Number of trades”, “Average pips won per trade”
Only post in this thread if you would like to post a 100% mechanical system that will be part of this project. For any comments/criticism/condemnation/advice/tips you are welcome to pm me but please keep this thread clean.
I’m currently teaching myself to program and I have been testing a few strategies without too much luck. I often end up playing around with different exit strategies to try and optimize the system.
I’ve also realized that most 100% mechanical systems are not profitable over a long time.
I have now decided to try and find the best mechanical system/s with the highest winning percentages using a very basic exit strategy, where TakeProfit and StopLoss will be an equal amount of pips (e.g. Take Profit is 20 pips and StopLoss is 20 pips).
Once we find these systems they can surely be optimized with better exit strategies but we need to find systems that will consistently enough move in the forecasted direction first. (We may later open specific system threads.)
I hope this project will be valuable to beginner traders and traders without any programming skills to be able to test their strategies. If you spend hours doing manual backtests of 100% mechanical systems, you can save a lot of time by using a simple program.
For now only post your system if you have a basic system that you would like me to program and test. Please see the rules below.
I will also contribute some of my own systems. The results of the system will be posted in the forum once programming and testing has been completed.
I will also provide the poster of the system with the EA to play around with different settings. This will not be an EA that can be used for live trading; my programming is not even close to that standard (and an error may just wipeout your account). It will be a basic program to test your strategy.
Your system must comply to the following:
- 100% mechanical system i.e. no trader discretion at all, this does not mean indicators only – some price action systems can be programmed too. (If you are not sure if your system is 100% mechanical and programmable pm me before posting your system).
- TP and SL of equal size but minimum 10 pips
- Any timeframe (or multi-timeframe) from M1 to W
- System must make at least 2 trades per month
- Your rules must be clear and to the point, I don’t want to guess how the system works. Type out your rules before posting them, test if you can do a manual backtest following only those rules you have typed out.
- Point out whether your system should open a trade only at the end of a bar or any time the criteria have been met.
Testing and results:
- Testing will be backtests based on my MetaTrader historic data
- Testing will be done over a 5 year period, firstly on EUR/USD but also other currencies if there is potential
- Results will be posted as : “Number of trades”, “Average pips won per trade”
Only post in this thread if you would like to post a 100% mechanical system that will be part of this project. For any comments/criticism/condemnation/advice/tips you are welcome to pm me but please keep this thread clean.