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What are Higher High, Higher Low, Lower High and Lower Low? 11 replies
ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies
Gbp/Jpy High Low Trading System 2 replies
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GBP/JPY high or low? 4 replies
DislikedI've been impressed with this simple sysytem, it seems to do very well. Nice one Nicotina.
I have come across something that might be interesting to some of you guys, and that is instead of using the hi/lo of the box to determine an entry, just using the 6.00 gmt bar seems to do a very similar job and with increased potential for profit in a lot of cases.
Basically enter on break of 6.00 bar hi/lo, use the same levels for SL. There are a few false signals but there is more profit on the good ones. Just an observation for anyone who might want to check it out.Ignored
DislikedI've been impressed with this simple sysytem, it seems to do very well. Nice one Nicotina.
I have come across something that might be interesting to some of you guys, and that is instead of using the hi/lo of the box to determine an entry, just using the 6.00 gmt bar seems to do a very similar job and with increased potential for profit in a lot of cases.
Basically enter on break of 6.00 bar hi/lo, use the same levels for SL. There are a few false signals but there is more profit on the good ones. Just an observation for anyone who might want to check it out.Ignored
DislikedI've been impressed with this simple sysytem, it seems to do very well. Nice one Nicotina.
I have come across something that might be interesting to some of you guys, and that is instead of using the hi/lo of the box to determine an entry, just using the 6.00 gmt bar seems to do a very similar job and with increased potential for profit in a lot of cases.
Basically enter on break of 6.00 bar hi/lo, use the same levels for SL. There are a few false signals but there is more profit on the good ones. Just an observation for anyone who might want to check it out.Ignored
DislikedI was trying to modify, unsuccessfully, the attached indicator to "straddle" the new day period separator. As it is, the indicator won't display from 18:00 through 02:00 as one whole block so I presently set the first time zone from 18:00 to 23:00 and the second from 00:00 to 02:00.
Any ideas to get it to draw just one rectangle? Also you seem to have to input "17:00" for it to take the 18:00 H/L into account...
ThanxIgnored
DislikedI don't think you can trade this if you can't watch the market.
Not because of the 100 TP, but because if you do get stopped out, you're supposed to set your buy or sell stop up again for a second attempt.
If you look back on the charts, this happens frequently and the second trade accounts for a lot of the profits.
The system is not a set and forget.Ignored
DislikedBillbss
Jumped in on this thread and apologies if you have already answered it, but is there any way to alter this method slightly to make it set and forget, (at least while i am at work)? it seems this fits in with my trading style and i dont want to discount it if possible.
many thanksIgnored
Dislikedharv,
It's not my system and I wouldn't be able to speak about any changes that could be made in it.
Nicotina developed it and may have another version that doesn't require management.
Maybe he will read this and answer.Ignored
(The results are in points and for semplicity I have ignored spreads and commissions)
As you can see the strategy is very good but only in the last 12 months.
The optimized parameters are:
DislikedI backtested this strategy with Tradestation. I performed four tests:
- last 12 months (from nov 06 to today) Nicotina parameters
- last 12 months(from nov 06 to today) optimized parameters
- last 5 years (from nov 02 to today) Nicotina parameters
- last 5 years (from nov 02 to today) using last year optimized parameters
(The results are in points and for semplicity I have ignored spreads and commissions)
As you can see the strategy is very good but only in the last 12 months.
The optimized parameters are:
- period 21:00 to 5:00 GMT (original 18:00 to 2:00)
- stops moved to breakeven after 70 point profit
- no limits to number of daily loss operations
Ignored
Attached there are all the details (trades, profit factor, w/l ratio, drawdown, etc)
DislikedGreat job!!
By "points", do you mean pips?
My only concern is ignoring the spread.
A 7-9 pip spread on that pair is substantial and can have a huge impact on the bottom line. Don't you think?
Anyway, you did a fantastic job. Thank you.
PS- In your optimization you set no limits on losers. Did you keep a limit of one on winners?Ignored
Disliked
- Yes, points are pips.
- The spread is an important factor, but it is not possible for me to include it in the backtest.
- The winners are limited to one
Attached there are all the details (trades, profit factor, w/l ratio, drawdown, etc)
Ignored
The excel attachments contains the details (settings, trades, profit factor, w/l ratio, drawdown, etc)
DislikedI have the same problem backtesting with AmiBroker.
What I would do in this case is to set the profit target at 108 (assuming an 8 pip spread) and the SL at 42.
Then I would manually subtract 8 pips from each win and add 8 pips to each loss.
That would give me 100 pips profit for each win and 50 pips loss for each loss.
It would also account for the fact that with an 8 pip spread, price has to travel 108 pips to hit a 100 pip PT and 42 pips to hit a 50 pip SL.
Does that make any sense?
I tried to make time to make a test today and couldn't do it. I'll try this week.Ignored
DislikedI have done two new backtests to include an 8 pips spread using your suggestion. The trades have already the 8 pips added/subtracted.
- last 12 months (from nov 06 to today) Nicotina parameters
- last 12 months(from nov 06 to today) optimized parameters
The excel attachments contains the details (settings, trades, profit factor, w/l ratio, drawdown, etc)
Ignored
DislikedThat looks good!!
I haven't had time to look at the numbers but I can tell your optimized parameters make a big difference.
I'm going to go ahead and trade it that way.
Thank youIgnored