Journal related to: Advanced Inside Bar (IB) Trading

Somebody suggested to me to look into Advanced Inside Bar (IB) Trading.

As most of my current projects are running without too much effort and a implantation of an automatized Advanced Inside Bar (IB) Trading seems not a too great effort (at least at the moment - who knows when I start with it
I decided to do it in a similar open style as my most active testing journal.:http://www.forexfactory.com/showthread.php?t=144270

The sole Purpose of this Journal is:

To show transparently over a certain time period that a defined system based on advanced IB trading can be profitable.

1. To achieve this transparency I will post from time to time the complete transaction log.

2. As the purpose is only to show transparently the profitability - I will not go into exact setup.

3. If I fail (I'm not sure yet) that would not mean that IB trading ideas are wrong - it would only mean that I could not get it work or saw the continuing effort not worthwhile.

Finished more or less the first basic automatized version.

properly tomorrow I will start it on a couple of accounts to see how it is doing and fix any bugs (expected at this early state)

First 4 Bots are up and running.

Nice MJ - Will be wcthing with interest...

First test run over night as expected: No major bug yet found.

Actually already quite a good programming - with a number of option and checks like unexpected spikes (which could produce a long time only InsideBars and not execute any order) and so on ....


Will let them run till tonight.


From next week on I plan to trace about 20 accounts with different configurations - to get a first impression.

After that I will decide about the account I will transparently show the process.

Test trade how it should be!

just post that in the beginning to show myself how it could be done.

One Inside bar: Next bar triggers long position and closes it with a TP.

EUR/USD on 5 min chart.



Properly this will not work out like that very often .

For the first Test week I configured 20 accounts. Using only EUR/USD and 1 hour time frame.

Depending how things go I might reconfigure them during the week.

Added another 10 bots with 30 min Time Frame.

Will have to see how the computer runs as there are totally more than 80 test bot's active for this week. (with variations on 5 different basic systems).

What is Advanced Inside Bar (IB) Trading?

I guess my question is "What makes an IB trade advanced?"

Thank you.

hi Money4Nothing,

> I guess my question is "What makes an IB trade advanced?"

Good question. I don't know the answer yet.http://www.forexfactory.com/images/icons/icon12.gif


The 'Advanced' in the thread topic refers to something different: advanced configuration options, money management, programming.

And hopefully in the end to advanced results - but that was not the main meaning.


Frankly, at the moment I'm not too convinced that this will work out in a profitable system.
But as somebody suggested to me I should look at it and it was quite fast(about 6 hours or so) to implement a first workable solution I give it a try.

and who knows how it will develop in the future.

At the moment just let it run to get a first impression.

My main test system is still: http://www.forexfactory.com/showthread.php?t=144270




Money4Nothing as you have some more experience till now, I would really appreciate if you could share a bit of your results.

Any statistics or so - which pairs you had best experience with .... Time Frames ect.....

nice reults again MJ - looks like you're getting closer - Which of spuds methods are you using in your bots?

Oops that was meant to be posted in the MTF stoch thread

No problem Cindy - you posted it there also.

I'm not satisfied with the way I do this: main problem is that I can not do proper back testing with my system:

And 1 pair on 1 hour and 30 min just produces too less trades to get good infos in a reasonable time.

I have two options: do more pairs at once or move down to lower Time Frames to have more entry signals.

Resetting all accounts: reconfigure only 20 accounts using 15 min chart EUR/USD only.

Even though I have quite fast PCs - could not handle all of the over 80 bots:

So: as my main test system is making good progress I will focus for the time being on that.

In the mean time 1ka thread: Inside Bar Trading Revisited http://www.forexfactory.com/showthread.php?t=144364

is doing a good job in testing different configurations.


So for the time being: I will not continue here ;-) the other problem with so many bot's was also that internet connection started to lag.

Seems I have to go one step at the time http://www.forexfactory.com/images/icons/icon12.gif

How are you doing? Running all the trading bots finally overheat your motherboard?

Thanks doing fine. - motherboard is still alive


But my interest in Inside Bar has faded a bit especially after the tests of 1ka

Happy Holidays to everyone!

This thread is officially on hold.
(but anyone can still post here if they want)


The time has come to say goodbye to ForexFactory:
Due to planned major changes in my life, I won't be around any more.

Don't look for me where I can not be found