osfx.V13 (2022) All Time Return:
550.5%
- | Commercial Member | Joined Mar 2010 | 1,595 Posts
Just got this from from my friend Robert today...
"This is one of the most solid and safe strategies i have ever worked with."
This is the friend I'm trading $120k for. Feels pretty good to get that feedback
"This is one of the most solid and safe strategies i have ever worked with."
This is the friend I'm trading $120k for. Feels pretty good to get that feedback
Greetings all,
I have stumbled upon this journal and was inspired by Cubbybgood's EA results and screen cast's. Congratulations Cubbybgood
.. I have attempted various price action setups with grid entries before and could not get them to work over long time periods.
Unfortunately I am not able to make this system work, and it seems to break down in the same way the other grid systems I have tried. I believe I have followed all the rules of the system as per the screen cast and have found I don't get anywhere near the results shown by Cubbybgood. I have found that the system as per my interpretation works for a short period then suffers catastrophic loss from extended trending price. (Example attached)
My rules are:
Enter Short on bar open if:
previous bar was an inside bar
the bar before that was a bullish bar
and the current Bid is above the RMI
50 pip TP & 500 pip SL
continue to add sell positions at 20 pip intervals as price moves against entry
Take profit at average entry price -50pips
GBPCAD M30
0.1 lots per $10,000
Using control points for testing
Am I missing anything from the system?
Please note I am not questioning Cubbybgood's results or system in anyway I am just trying to understand what I am missing.
I have stumbled upon this journal and was inspired by Cubbybgood's EA results and screen cast's. Congratulations Cubbybgood
.. I have attempted various price action setups with grid entries before and could not get them to work over long time periods.Unfortunately I am not able to make this system work, and it seems to break down in the same way the other grid systems I have tried. I believe I have followed all the rules of the system as per the screen cast and have found I don't get anywhere near the results shown by Cubbybgood. I have found that the system as per my interpretation works for a short period then suffers catastrophic loss from extended trending price. (Example attached)
My rules are:
Enter Short on bar open if:
previous bar was an inside bar
the bar before that was a bullish bar
and the current Bid is above the RMI
50 pip TP & 500 pip SL
continue to add sell positions at 20 pip intervals as price moves against entry
Take profit at average entry price -50pips
GBPCAD M30
0.1 lots per $10,000
Using control points for testing
Am I missing anything from the system?
Please note I am not questioning Cubbybgood's results or system in anyway I am just trying to understand what I am missing.
Greetings all, I have stumbled upon this journal and was inspired by Cubbybgood's EA results and screen cast's. Congratulations Cubbybgood
- previous bar was an inside bearish bar
- the current Bid is above the RMI -> RMI of inside candle closed above 70
Although your screenshots show different settings for RMI, I guess the main reason is an issue with your code.
Additionally, I would strongly recommend not to use control points for testing, as this is prone to misleading results.
osfx.V13 (2022) All Time Return:
550.5%
{quote} Generally, the rules are ok. I would specify the following lines: previous bar was an inside bearish bar the current Bid is above the RMI -> RMI of inside candle closed above 70 Although your screenshots show different settings for RMI, I guess the main reason is an issue with your code. Additionally, I would strongly recommend not to use control points for testing, as this is prone to misleading results.
Yes I did have the inside bar as bearish in the rules I used, and effectively the trade is opened only if the Close of the inside bar coincides with the RMI in the 70+zone. Thanks for confirming this, a great help.
In your experience do you think the failure of my testing is due to not portfolio back testing? If I was testing multiple currencies at the same time, would this offset the loosing periods enough? I am looking for a big difference to understand why I cant replicate Cubbybgoods results.
I will take your recommendation for not using control points when getting closer to a final code. This system should be able to handle entries +or- several pips and still be successful.
I have watched the tester take trades and it follows all logic OK, but keeps getting smashed on a series of 500 pip stop losses which happen regularly enough to make the system nonviable.
Thanks again for answering my questions.
Blix
