Moar Central Banker Speeches are Better 0 replies
Myth Buster: 90-95% of traders cannot survive in trading 32 replies
M5 Trend Buster 26 replies
DislikedBTW, Pharoah, thanks for supplying me with a list of questions to ask on your thread . . . I agree, it's a great way to get people to take a look at the system.
But, I hope no one seriously thinks I would ask questions this stupid. (Oh, one more question . . . when can I expect my check in the mail?)Ignored
DislikedOK, Pharoah and/or PipsAddict, you've had enough sleep . . . back to my questions.
If every box used in the back testing was fixed at 140 pips, does that mean that each TP was also based on 140-pip increments until Smart Stop ended the trade?Ignored
DislikedNo no, 70 pip box size (35 on either side), and yes, each TP was based on TP1 I believe, might have been TP2 because of the 70 pip box size.Ignored
DislikedI would like to correct you on one thing Pharoah... the box size is actually 140 pips (70 above close/70 below close). The figure entered into the parameters only accounts for one side and then doubles it when it draws the box.Ignored
DislikedOK, Pharoah and/or PipsAddict, you've had enough sleep . . . back to my questions.
If every box used in the back testing was fixed at 140 pips, does that mean that each TP was also based on 140-pip increments until Smart Stop ended the trade?Ignored
DislikedI'm running some tests based on this Yen. I will post results once I'm done.Ignored
DislikedI'm running some tests based on this Yen. I will post results once I'm done.Ignored
DislikedJust to be clear, PipsAddict, I was referring to the back test results already published . . . were those results based on 140-pip targets, or aren't you sure at this point?Ignored
DislikedThe default is set to 200, this is in pips, and yes, it's a 140 pip box (I was tired, not bad only 1 mistake lol) so it would be TP 1.3 or something. We are not using a "Box TP point" system, it's raw pips in it's natural form. 200 pips seems to be a very good point at which to close half of the trade. We are also going to be doing heavy experimenting with multiple trades through the week in backtesting to see if there truly is any merit, I believe it does, but for now we are testing out the 1st trade of the week so see how we can work that.Ignored
DislikedHere are the results for those that are aggressive traders.
Box Size: 80
Trades/week: 3
TakePartial Point: 260 pips
Risk: 5%/trade
Year of 2009
Start: January 3, 2009
End: Current Date
Deposit: $10,000
Net Profit: $19,405.37
Profit Factor: 1.17
Total Trades: 135
Profit Trades %: 40.28%
Loss Trades %: 59.26%
Maximal Draw Down: 65.64%
Year of 2008
Start: January 5, 2008
End: January 3, 2009
Deposit: $10,000
Net Profit: $6,016
Profit Factor: 1.13
Total Trades: 179
Profit Trades %: 39.11%
Loss Trades %: 60.89%
Maximal Draw Down: 46.7%
Year of...Ignored
DislikedProfits look nice... however, the Maximal Draw Down is huge . Personally this is way too risky for me. Having said that, you did say that this is for aggressive traders.Ignored
DislikedWhat I think I would like to do, is have all entry suggestions as option in the EA, such as close of first 4H bar +/- pips, the close of the last 4H bar of the week setting the box for the following week. and various other entry systems.
I believe this will allow us to have more options to optimize the 4H breakout strategy in general. Instead of improving separate systems, why not find the best out of them all.Ignored