DislikedI've been backtesting the system today and it's quite robust. Good results using a wide range of different settings back to 2007. Before 2007 I can't seem to get consistent results from it without over optimising to fit the data.Ignored
Done quite a bit of analysis on the above. Settings as usual:
M15, EURJPY, $1000 account, 0.01 static lots, 01/01/2017 - now using 1min OHLC, 15-45 pip windows
Based around the question above: should we retrade?
This screenshot shows two options. useMultipleTrades uses simple logic to allow retrades as soon as one finishes. The logic simply means that if we buy, hit TP, then immediately dip back under TP it won't try to buy again... it has to go back under the buy limit line and return over again. useMultipleMustMid means that in order to trade a second/third..etc time, the price must have reached the middle of the window prior to resetting and allowing further trades.
Both options can be shown to have higher profits, but over considerably more trades. This then knocks the profit factor down, meaning we're earning less per trade, but have more opportunities. It also slightly increases our drawdown.
M15, EURJPY, $1000 account, 0.01 static lots, 01/01/2017 - now using 1min OHLC, 15-45 pip windows
Based around the question above: should we retrade?
This screenshot shows two options. useMultipleTrades uses simple logic to allow retrades as soon as one finishes. The logic simply means that if we buy, hit TP, then immediately dip back under TP it won't try to buy again... it has to go back under the buy limit line and return over again. useMultipleMustMid means that in order to trade a second/third..etc time, the price must have reached the middle of the window prior to resetting and allowing further trades.
Both options can be shown to have higher profits, but over considerably more trades. This then knocks the profit factor down, meaning we're earning less per trade, but have more opportunities. It also slightly increases our drawdown.
Will code in MT5 for free.. EAs only, can't be f*cked with Indicators
Sell opened here on second candle even though it hasn't closed outside bottom of box. Ideally would be good for an EA that could set so it opens a trade: 1. on the first candle to close outside box 1. and that close is within x% of the height of the box. {image}
As Emerald suggested, one way would be to limit our maximum breach past our buy/sell limit before calling it a void trade, however I didn't like that this limits our entries. Instead, I have coded the following...
Option 0 - As standard
Option 1 - Makes our SL the same as our TP
Option 2 - Makes our TP the same as our SL
Picture below for today's trade (with blue line being the buy price at close above breakout box), including some arrows indicating the effect of options 0, 1 and 2. Going to be running further testing on this, however option 2 seems to increase our profitability quite considerably. Option 1 reduces it dramatically.
Obviously the only option that would have affected todays trade is option 1 (reduced SL), and that's where the above statement about profitability comes from. Option 0 is default, option 1 is defensive (tightens SL), option 2 is aggressive (opens TP).
Will code in MT5 for free.. EAs only, can't be f*cked with Indicators
- #1,307
- Edited Oct 25, 2018 7:22am Oct 24, 2018 9:10pm | Edited Oct 25, 2018 7:22am
Trade #2
Today's pending orders - I will cancel the other when one is triggered and stick to the system. Hopefully we do better than yesterday.
Update - Long Triggered
Update #2 - TP Hit. I gotta admit I was really tempted to move the SL to protect profits but just left the trade as is. Those of you that move SL to protect profits, when/where do you do so? I am thinking when trade is halfway to TP (150 fib level), we move to BE+5 pips so that way there is no way we lose from that trade. I feel like if not for news today, I would not have hit my TP target and we would have the same issue as yesterday where we got faked out and then it would've hit SL.
Running Total - 1/2 Trades Won - 50% Accuracy
Today's pending orders - I will cancel the other when one is triggered and stick to the system. Hopefully we do better than yesterday.
Update - Long Triggered
Update #2 - TP Hit. I gotta admit I was really tempted to move the SL to protect profits but just left the trade as is. Those of you that move SL to protect profits, when/where do you do so? I am thinking when trade is halfway to TP (150 fib level), we move to BE+5 pips so that way there is no way we lose from that trade. I feel like if not for news today, I would not have hit my TP target and we would have the same issue as yesterday where we got faked out and then it would've hit SL.
Running Total - 1/2 Trades Won - 50% Accuracy
- #1,312
- Edited 5:23pm Oct 25, 2018 4:32pm | Edited 5:23pm
Will program the above theory into an EA tonight and backrest results Ivanyo.
{quote} Hi dimas could you please briefly explain what is martingale money management is ? Please
https://en.wikipedia.org/wiki/Martin...betting_system)
- #1,315
- Edited 10:12pm Oct 25, 2018 6:41pm | Edited 10:12pm
been away all week and forgot my VPS is down too lol so was wondering why not trades opening for me ffs. No point wasting VPS on demo anyway but looks like it could've been all wins apart from Wed this week? {image}
Maybe I will open a demo account and have a look over the weekend
EDIT
Trade #3 - Short triggered
