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1 trade per week system (Backtesting included)

  • #121
  • Edited 11:00am Aug 19, 2017 6:23am | Edited 11:00am
Quoting bimboforex
@cocolizo67 . can you include an option for take profit in the EA
Attached File(s)
File Type: ex4 20170814CocoMe.ex4   29 KB | 409 downloads

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-08-19 14.40.52.png Size: 80 KB

Find attached, Ive tried t replicate this idea.. lots of changes still to be made, but seems to have a bit more DD but more profit as well.....TP implemented and with statistics on SL,TP and Normal Close Orders.

@cocolizo67 Thanks for the Idea.


#update : Version with Recovery Mode ... More Profit , More DD .. But I guess with some major fine tunning It could prove lesser DD

Attached File(s)
File Type: ex4 20170814CocoMev1.2.ex4   32 KB | 588 downloads
  • #122
  • Aug 20, 2017 11:19am Aug 20, 2017 11:19am
Excellent strategy, thanks cocolizo67. All backtests are ok, September is a bad month, I'll put on live in October with 1% risk. I'll share my results.
Attached File(s)
File Type: pdf Cocolizo analysis.pdf   494 KB | 1,099 downloads
  • #123
  • Sep 26, 2017 11:04am Sep 26, 2017 11:04am
Thank it work good
  • #124
  • Oct 2, 2017 2:02am Oct 2, 2017 2:02am
It's a good idea cocolizo67!

Glad to see someone else having success with this. I thought of trading this way about 2 months ago and I've been successfully trading this way ever since.

The Friday trade does seem to have the highest probability but with careful trade management, you could also trade this way every day of the week.
Here's Tom with the weather.
  • #125
  • Oct 8, 2017 1:42pm Oct 8, 2017 1:42pm
I'm curious to hear what traders think...

Do you think by sharing these strategies (for instance, this one) and with possibly more and more people following it, that it will work better?

Intuitively I think sharing strategies will make it work better but I've only ever read the opposite, that it will erode it and not make it as effective.
Here's Tom with the weather.
  • #126
  • Oct 12, 2017 7:44am Oct 12, 2017 7:44am
Nice thread
  • #127
  • Oct 22, 2017 4:08pm Oct 22, 2017 4:08pm
EA doesn't work anymore? Removes itself after dropping on live chart.
  • #128
  • Oct 22, 2017 5:11pm Oct 22, 2017 5:11pm
Quoting mw108
EA doesn't work anymore? Removes itself after dropping on live chart.
You really don't need the EA. You can manually trade this system yourself since it's pretty straightforward or, if you have a lot trades to manage you could try this software. I'm not an affiliate, just trying to help.
Here's Tom with the weather.
  • #129
  • Oct 22, 2017 5:44pm Oct 22, 2017 5:44pm
Quoting OHLC
{quote} You really don't need the EA. You can manually trade this system yourself since it's pretty straightforward or, if you have a lot trades to manage you could try this software. I'm not an affiliate, just trying to help.
Thanks. Was just wondering because he said he's going to update it every 3 months.

But since I'm a lazy guy and a coder too, I will most likely re-code it myself. It is also easier to manage for multiple pairs.
  • #130
  • Oct 22, 2017 8:17pm Oct 22, 2017 8:17pm
is this system only work on EURUSD? how about other pair like GBPJPY or NZDUSD? can someone pls clarify..tqvm
  • #131
  • Oct 22, 2017 8:47pm Oct 22, 2017 8:47pm
Quoting blackpanblac
is this system only work on EURUSD? how about other pair like GBPJPY or NZDUSD? can someone pls clarify..tqvm
From what I've seen, this is pretty consistent for EURUSD but not as much for other pairs.
Here's Tom with the weather.
  • #132
  • Oct 23, 2017 12:08am Oct 23, 2017 12:08am
Very nice EA...My only concern is the spread assumption in backtesting...These days if you are paying more than 1pip on EUR you are
getting your face ripped off, but at 9pm GMT it is very likely that EUR is at least 1.5-2pips...Can I ask what spread assumptions people have been using?

Cheers
  • #133
  • Oct 23, 2017 9:06am Oct 23, 2017 9:06am
EA updated
  • #134
  • Oct 23, 2017 9:18am Oct 23, 2017 9:18am
Quoting sakiskun
Very nice EA...My only concern is the spread assumption in backtesting...These days if you are paying more than 1pip on EUR you are getting your face ripped off, but at 9pm GMT it is very likely that EUR is at least 1.5-2pips...Can I ask what spread assumptions people have been using? Cheers
1.5-2pips spread at 9pm? You should change your Broker then ... ;D Average spread shouldn't be more than 0.4-0.8 pips at that times.

Also since you are holding the position for 1-2 days, spread is neglectable. In Backtesting I also saw that the EA was holding the trade until Friday, because it was in loss but didn't hit S/L and closed it on Fr in profit.

Quoting cocolizo67
EA updated
Thanks alot!
  • #135
  • Oct 23, 2017 8:52pm Oct 23, 2017 8:52pm
Thanks guys....my bad...I thought 9pm GMT was 9pm London.
@mw108 - those a pretty punchy spread spreads (0.4-0.8pips), I can only imagine they are raw spreads and commission is charged on top. If you arent paying
commission on top of those spreads can you please tell us who your broker is?

Cheers
  • #136
  • Dec 7, 2017 3:00pm Dec 7, 2017 3:00pm
Quoting sakiskun
Thanks guys....my bad...I thought 9pm GMT was 9pm London. @mw108 - those a pretty punchy spread spreads (0.4-0.8pips), I can only imagine they are raw spreads and commission is charged on top. If you arent paying commission on top of those spreads can you please tell us who your broker is? Cheers
Sorry for late response. Always wanted to check Spread at that time but then forgot about it again and again ...

And no, I don't pay commission. I'm at QTrade (QTradeFX ECN), who is part of LCG.

And yes, 9pm GMT is 9pm London time.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 271 KB
  • #137
  • Edited 2:52am Jan 6, 2018 2:42am | Edited 2:52am
Hello, during the last 2 months, I've made a walk forward analysis of this strategy with several currencies.
After several thousands of optimizations, I conclude that the best is to trade not only the EUR, but also JPY and CHF.
Other currencies like NZD, GBP and many more, are not as profitable.
I attach the report.
Attached File(s)
File Type: pdf EUR-JPY-CHF.pdf   508 KB | 826 downloads
  • #138
  • Jan 6, 2018 8:53am Jan 6, 2018 8:53am
mr pedrofx

may i know what do u mean by EUR-JPY-CHF?
is it EURUSD, USDJPY and USDCHF pair?

"Other currencies like NZD, GBP and many more, are not as profitable."do you mean other currencies like NZDUSD and GBPUSD not profitable ?

anyway thanks for sharing
  • #139
  • Jan 6, 2018 3:14pm Jan 6, 2018 3:14pm
Quoting blackpanblac
mr pedrofx may i know what do u mean by EUR-JPY-CHF? is it EURUSD, USDJPY and USDCHF pair? "Other currencies like NZD, GBP and many more, are not as profitable."do you mean other currencies like NZDUSD and GBPUSD not profitable ? anyway thanks for sharing
Yes, EUR=EURUSD, JPY=USDJPY and CHF=USDCHF and so on. Crosses like EURJPY, AUDJPY, EURCHF are not profitable with this strategy.
  • #140
  • Jan 11, 2018 8:46am Jan 11, 2018 8:46am
Quoting pedrofx
Hello, during the last 2 months, I've made a walk forward analysis of this strategy with several currencies. After several thousands of optimizations, I conclude that the best is to trade not only the EUR, but also JPY and CHF. Other currencies like NZD, GBP and many more, are not as profitable. I attach the report. {image}
hi~Pedrofx,

thx for keeping this post alive~!
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