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-   -   Very simple strategy AUD/USD (https://www.forexfactory.com/thread/999602-very-simple-strategy-audusd)

Shakka Jun 17, 2020 1:54am | Post# 41

I have also been testing some other SL and TP levels to try and make the risk lower. Here is the best I have found so far with would be TP would be 75 pips and SL be 100 pips from the entry point. It does not have a 100% win rate like the original levels have generated so far but it still has generated a nice amount of pips and depending on how much you are risking per trade, this still could of made you some nice gains since Jan. 16 wins 4 losses = +800pips Here is a list of entries and exits, and whether they won or loss. 10/01 - 27/01 W 29/01...
How is it going with GBPUSD ?
I saw no more update..
Regards.

akamrp Jun 17, 2020 6:07am | Post# 42

{quote} How is it going with GBPUSD ? I saw no more update.. Regards.
Have not looked at it for this month, I am going to do the same thing I just done for this with the entries dates for it soon. I have focused on this one more as I have used this in my FTMO challenge

MrPorch88 Jun 17, 2020 11:28am | Post# 43

1 Attachment(s)
Here is a list of each entry so far this strategy has entered since the beginning of the year, entry date and exit date. you can check these dates on your own charts. 23 wins 0 losses so far, this is +1150 pips 10/01 - 24/01 W 29/01 - 30/01 W 04/02 - 07/02 W 11/02 - 20/02 W 25/02 - 26/02 W 02/03 - 06/03 W 10/03 - 10/03 W 20/03 - 20/03 W 24/03 - 24/03 W 26/03 - 26/03 W 01/04 - 01/04 W 02/04 - 02/04 W 13/04 - 13/04 W 15/04 - 16/04 W 20/04 - 24/04 W 01/05 - 07/05 W 13/05 - 14/05 W 15/05 - 15/05 W 22/05 - 26/05 W 28/05 - 28/05 W 04/06 - 04/06 W 09/06...
I have been doing some backtesting and I have my doubts with the trade from "11/06 - 16/06 W". On 11/06 my chart looks like this:


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You said that it was a winning trade. From my understanding and following the rules it should have been a Buy trade, true? However it was stopped as it went against the price for about 160 pips and on the other hand it hasn't reached the 50 pips TP.

Maybe I am wrong or I am selecting the wrong candle but I got somehow confused.

Thanks for your time! Looks very promising

akamrp Jun 17, 2020 11:44am | Post# 44

{quote} I have been doing some backtesting and I have my doubts with the trade from "11/06 - 16/06 W". On 11/06 my chart looks like this: {image} You said that it was a winning trade. From my understanding and following the rules it should have been a Buy trade, true? However it was stopped as it went against the price for about 160 pips and on the other hand it hasn't reached the 50 pips TP. Maybe I am wrong or I am selecting the wrong candle but I got somehow confused. Thanks for your time! Looks very promising

For me, my candle at the time closed on 6922, the lowest it got to was 6776 which is 4 away from the SL. I have also used the candle before the candle you selected. Please note it is UK time not GMT, i have been made aware of this error

MrPorch88 Jun 17, 2020 12:32pm | Post# 45

{quote} For me, my candle at the time closed on 6922, the lowest it got to was 6776 which is 4 away from the SL. I have also used the candle before the candle you selected. Please note it is UK time not GMT, i have been made aware of this error
Oh now I see. So you entered just at the end of the previous candle of the one I marked, right? Then that makes sense with your log. Now I know which candle I have to select. I always get confused with the timezones haha. That trade was very close

akamrp Jun 17, 2020 5:37pm | Post# 46

{quote} Oh now I see. So you entered just at the end of the previous candle of the one I marked, right? Then that makes sense with your log. Now I know which candle I have to select. I always get confused with the timezones haha. That trade was very close

yes correct enter at the close of the 8am candle which is at 9.00am.

This trade was very close indeed, i think t here has only been one other trade that has been close since I started this strategy.

Shakka Jun 18, 2020 1:45am | Post# 47

{quote} For me, my candle at the time closed on 6922, the lowest it got to was 6776 which is 4 away from the SL. I have also used the candle before the candle you selected. Please note it is UK time not GMT, i have been made aware of this error
I think you have to edit the first post about the trading time. So other or the new comers to this thread will not get confused.
Regards.

akamrp Jun 18, 2020 6:00am | Post# 48

{quote} I think you have to edit the first post about the trading time. So other or the new comers to this thread will not get confused. Regards.

That has now been done

Shakka Jun 22, 2020 4:31am | Post# 49

{quote} That has now been done
Just in case if all the buy or sell setup met, but the price is in 26 and 100 EMA range, woud you still take the trade?

akamrp Jun 22, 2020 5:45am | Post# 50

{quote} Just in case if all the buy or sell setup met, but the price is in 26 and 100 EMA range, woud you still take the trade?
Yes, still take the trade, the price does not matter, only the indicators

Shakka Jun 27, 2020 1:39pm | Post# 51

{quote} Yes, still take the trade, the price does not matter, only the indicators
Hi there..
I think we had a trade yesterday on friday. And it is not closed yet and still running in profit.
Lets see on monday.

Shakka Jun 27, 2020 2:08pm | Post# 52

Can someone create an EA for this simple strategy?
Need to backtest several years (maybe 2 to 4 years back) to fine-tune the SL and TP and see whether it is a good system or not. Also we can test for other pairs.

Shakka Jun 27, 2020 2:17pm | Post# 53

{quote} Yes, still take the trade, the price does not matter, only the indicators
Hi akamrp..
are you giving up using this strategy? No more feed back from you. Do you still trade with this strategy? Or maybe you have found something not good and you did not post it here.
Regards.

akamrp Jun 28, 2020 7:10am | Post# 54

{quote} Hi there.. I think we had a trade yesterday on friday. And it is not closed yet and still running in profit. Lets see on monday.

Yes correct, there was a trade on Friday, I am still using this strategy. Just there has not much more to post about it except for when a trade happens. I forgot to make a post on friday about this. I have been testing out other pairs with this strategy though

akamrp Jun 28, 2020 7:14am | Post# 55

Can someone create an EA for this simple strategy? Need to backtest several years (maybe 2 to 4 years back) to fine-tune the SL and TP and see whether it is a good system or not. Also we can test for other pairs.

If someone wants to test back a few years or create a EA, let me know. I have only done testing since the beginning of this year

akamrp Jun 30, 2020 5:23am | Post# 56

The trade from last week has now hit the TP and won.

akamrp Jul 3, 2020 9:57am | Post# 57

Buy Trade opened this morning

akamrp Jul 7, 2020 4:27am | Post# 58

Buy Trade opened this morning
This is a win, and another buy trade opened today

JeremyC Jul 9, 2020 8:11am | Post# 59

2 Attachment(s)
The 7th July trade was also a success.

Thank you for sharing the strategy - it has amazing promise. The performance this year has been phenomenal so I decided to backtest it in TradingView. I also live in the UK (near London) so created an account here to let you know the results as the incredible 100% success rate since mid-January might cause you or someone to risk lots on the strategy.

According to the backtest, there was a bad period starting last June with 5 wins and 7 losses:

2019
19/06 - 30/06: S L
01/07 - 04/07: B W
05/07 - 18/07: B W
22/07 - 30/07: B L
12/08 - 05/09: B W
13/09 - 01/10: B L
03/10 - 21/10: S L
23/10 - 30/10: B W
01/11 - 29/11: B L
02/12 - 12/12: S L
16/12 - 23/12: B W
2020
03/01 - 27/01: L L

The backtest agrees that all trades since then have won. I would have a look and see if you can find some additional condition to get rid of some or all of those losses, while keeping the incredible success since mid-January.

I've attached the results. (The amounts in dollars are the number of pips won / lost.)
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Name: AUDUSD-perfomance.png
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drsa1970 Jul 16, 2020 4:26am | Post# 60

1 Attachment(s)
There is a valid setup for AUDUSD to day
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