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2 trades per week EUR/USD journal/statistics

  • #1
  • First Post: Edited Feb 23, 2009 3:33pm Jan 13, 2009 3:41pm | Edited Feb 23, 2009 3:33pm
Hi everyone,

here i will keep the results and statistics for year 2009 for the method i described here http://www.forexfactory.com/showthread.php?t=144542 . I will update the first post each week.

Pair: EUR/USD , parameters: 06.00GMT Monday, 40 offset, 45 stoploss, 180 takeprofit

Results for year 2008 (backtested):

Number of trading weeks: 50 (7.1.2008-19.12.2008)
Number of winning weeks: 27
Number of losing weeks: 23
% of winning weeks: 54%

Results for year 2009 (forward tested):

Number of trading weeks: 8 (6.1.2009- )
Number of winning weeks: 5
Number of losing weeks: 3
% of winning weeks:62,5%
  • #2
  • Jan 20, 2009 10:15am Jan 20, 2009 10:15am
Hi Mades,

I am very interested in your experiment. :o)
Could you make a statement of weekly pips too ? (For example 1.week = x pips, 2.weeks= y pips ...)

Viatoris
  • #3
  • Jan 26, 2009 9:06am Jan 26, 2009 9:06am
Quoting viatoris
Hi Mades,

I am very interested in your experiment. :o)
Could you make a statement of weekly pips too ? (For example 1.week = x pips, 2.weeks= y pips ...)

Viatoris
Don't understand your question. TP is 180 always.
  • #4
  • Jan 27, 2009 12:15pm Jan 27, 2009 12:15pm
Hi mades,

Thanks to pointing me to this thread from the previous.

1. I noticed you have changed the offset to 40, and TP to 180 pips. Previous settings were: 30 / 45 / 135. Was there an improvement when backtested?

30 / 45 / 135 results were:
Quote
Out of 50 Weeks: 30 positive, 20 negative (60%). Out of 30 positive: 14 first order hit (47%), 16 second order hit (53%). Total number of trades: 78.
(p.s. i did some mistakes before, these are the fixed results, sorry for that)

When using DST (using 5.00GMT instead of 6.00GMT during DST):

Out of 50 Weeks: 32 positive, 18 negative (64%)

2. Have you tried testing this out on a daily basis?
  • #5
  • Feb 3, 2009 2:54am Feb 3, 2009 2:54am
Quoting sojournerr
Hi mades,

Thanks to pointing me to this thread from the previous.

1. I noticed you have changed the offset to 40, and TP to 180 pips. Previous settings were: 30 / 45 / 135. Was there an improvement when backtested?
2. Have you tried testing this out on a daily basis?
1) The total amount of succesful trades dropped, but not significantly and the profitability raised due to modified TP (which is now 1:4.

2) Yes, i did tuesday and wendesday. It didn't have that good results as monday. But i suppose eur/usd is a bit problematic pair, since it is traded by most traders, it doesn't tend to trend like f.e. gbp/usd.
  • #6
  • Last Post: Dec 7, 2018 9:16am Dec 7, 2018 9:16am
Hi Mades

Almost ten years later...

I have a very similar approach to the one you shared back then (8 instead of 6GMT, indices instead of currencies, 2 years of backtesting). I tried many many offset/TP/SL combinations manually, always looking for the "sweet spot". The results seem promising. A few questions to you:

- can you still recommend this method (not the exact parameters of course, but in general)?
- would you still recommend (only) 1 year of backtesting?
- do you know ANY method to simplify the finding of the best parameters (offset/TP/SL) in Excel or any another way?

Thanks a lot!
Thi
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