Formula One Breakout Eas | Forex Factory

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Formula One Breakout Eas

  • #1
  • First Post: Edited Dec 14, 2018 10:36am Oct 28, 2018 6:57am | Edited Dec 14, 2018 10:36am
Concept:
EA: range and time breakout).

Needed:
Good testers...backtest 99% and forward tests!.

NOT Needed:
Tester who hide there ideas and do it only for their own advantage!

Version 3.00:
Coming end of year!
Attached Image
Vucking good EA coder... https://t.ly/AZjRM
  • #2
  • Oct 28, 2018 6:59am Oct 28, 2018 6:59am
Versions:

2018-10-28: V1.04
+ Magic no
Vucking good EA coder... https://t.ly/AZjRM
  • #3
  • Oct 28, 2018 7:00am Oct 28, 2018 7:00am
Settings for the last version:
- not yet -
Vucking good EA coder... https://t.ly/AZjRM
  • #4
  • Oct 28, 2018 7:56am Oct 28, 2018 7:56am
I am ready to make my own contribution.
"Money makes Money"
  • #5
  • Oct 28, 2018 8:11am Oct 28, 2018 8:11am
Shot me a mail or reply here if you need forward testers. Been trading this concept manually and best results(for me) came from tp,sl=size of box on a low spread, comission based broker.
Necessity knows no law except to conquer
  • #6
  • Oct 28, 2018 8:13am Oct 28, 2018 8:13am
Quoting 3ndlessHope
Shot me a mail or reply here if you need forward testers. Been trading this concept manually and best results(for me) came from tp,sl=size of box on a low spread, comission based broker.
Sure we need forward testers latest version be uploaded soon.
  • #7
  • Oct 28, 2018 8:14am Oct 28, 2018 8:14am
Quoting syndicat
I am ready to make my own contribution.
Welcome along new version of the ea be uploaded soon. Test driver out on track now !
  • #8
  • Oct 28, 2018 12:00pm Oct 28, 2018 12:00pm
Worth mentioning to anyone following the default settings on this that daylight saving kicked in today UK/Europe - not until next week in USA. So we got an hour difference from NY until then.

Not sure it matters but worth thinking about. Running new version tonight on e/j standard settings but spread 20. Sort of goes against the original rules but ....

Wine bar time.

Edit: latest version on page 1 now.
  • #9
  • Oct 28, 2018 1:37pm Oct 28, 2018 1:37pm
Quoting reteid2222
Concept: Only Formula One EAs (range and time breakout). We will test, develop and improve our prototype cars (Eas) here. Needed: Drivers, technicians, mechanics, cheer leaders .... anyone that supports the idea and wants to help with constructive input. NOT Needed: Groupies, hysterical fans, people throwing stones on our race track, requests for coding(NOT improvement) - anyone who tries to stop us achieving pole position will be banned from the track! Last Version V1.04: {image} {image} {file}
I don't post much on FF anymore, way too much crap lately.
This idea/thread has potential, so I will give you my view as an experienced driver (currency strength and breakout trader).
Took the EA for a spin this afternoon and I am not happy ;-)
The long term success of a breakout strategy depends very much on the small, seemingly insignificant details.

So, let's say I want to drive the following itinerary...

Cable: exactly 1 hour into the London session, set a pending buy stop and a pending sell stop at the high and the low of the "H4 candle".
That is: take the high and low between London open -3 hours and London open +1 hour.
Of course, London (and Tokyo, and NY...) open and close hours change a couple of times a year so an "insignificant" detail like daylight savings time would need to be catered for. For full auto live trading but especially for backtesting...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 40 KB


If the range of that H4 candle is less than 10 pips or more than 100 pips, I will pass.
Stoploss for long trade at the low of this candle, at the high for the short trade. There is no take profit level.
I will close this trade 60 minutes before London closes. Should one of the orders get a fill and price moves in the right direction, I will move my stoploss to breakeven once it hits +18 pips, from +25 pips I will trail it using a 10 pip step.

There are a gazillion combos of reference candle/box, TFs, pairs, timing, breakeven, trailing, etc. etc.
Maybe it's a good idea to trade the break of the first Cable M15 candle right after London open and grab 7.2 pips ?
Or maybe USDJPY a couple of hours into the Asian session ?
Who is to say ?
I gave an example of an itinerary I drive everyday. On live. Full auto.
There are of course many itineraries, but I described the most important ingredients that will enable you to find the best combos.
Good luck !

LuXing
Wisdom begins in wonder
  • #10
  • Oct 28, 2018 1:51pm Oct 28, 2018 1:51pm
Yep in for the forward testing!!!I`l`ll even change the Ferrari`s tyres!!!!!!!!!!!!!!
  • #11
  • Oct 28, 2018 2:33pm Oct 28, 2018 2:33pm
Quoting LuXing
{quote} I don't post much on FF anymore, way too much crap lately. This idea/thread has potential, so I will give you my view as an experienced driver (currency strength and breakout trader). Took the EA for a spin this afternoon and I am not happy ;-) The long term success of a breakout strategy depends very much on the small, seemingly insignificant details. So, let's say I want to drive the following itinerary... Cable: exactly 1 hour into the London session, set a pending buy stop and a pending sell stop at the high and the low of the "H4 candle"....
Hi LuXing

I'll reply as Retina is out test driving ! Great post and thanks for joining in the spirit of the thread with the theme.

We started this project only a few weeks ago and the thread itself only today so very early days.

Daylight saving of course is important but at this point is not incorporated into the ea - one step at a time. Times can be adjusted manually but at this stage it's more important to get the advisor up and running and tested.

Been trading break outs for many years similar to yourself by the sounds of it.

Thanks again.
  • #12
  • Oct 28, 2018 2:34pm Oct 28, 2018 2:34pm
Quoting Mj147
Yep in for the forward testing!!!I`l`ll even change the Ferrari`s tyres!!!!!!!!!!!!!!
If Retina's driving you might have to. Welcome along.
  • #13
  • Oct 28, 2018 2:46pm Oct 28, 2018 2:46pm
Quoting LuXing
{quote} I don't post much on FF anymore, way too much crap lately. This idea/thread has potential, so I will give you my view as an experienced driver (currency strength and breakout trader). Took the EA for a spin this afternoon and I am not happy ;-) The long term success of a breakout strategy depends very much on the small, seemingly insignificant details. So, let's say I want to drive the following itinerary... Cable: exactly 1 hour into the London session, set a pending buy stop and a pending sell stop at the high and the low of the "H4 candle"....
This sounds like a good idea....One of those that backtesting would be really important
  • #14
  • Oct 28, 2018 2:47pm Oct 28, 2018 2:47pm
lol, P, C, I, I see you all lurking ... xD
Fix up, trade sharp ...
  • #15
  • Oct 28, 2018 3:00pm Oct 28, 2018 3:00pm
Hey Retina, if you have the time, can you please elaborate a bit on the test settings in the EA? I guess "no test" means live mode and then the rest for specific testing. But I am not sure, my experience with EAs is limited. I did a lot of backtesting on simulators, but all manually to build skills at the same time and create various risk models. I know there is also a strategy tester in MT4 where you can run the EAs. Can you recommend some readings for that?
Fix up, trade sharp ...
  • #16
  • Oct 28, 2018 5:17pm Oct 28, 2018 5:17pm
It's awake. See if it takes a trade later.
Attached Image (click to enlarge)
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  • #17
  • Oct 29, 2018 1:46am Oct 29, 2018 1:46am
Done some backtests with it and everything works fine, except it did not take any trades for me
Necessity knows no law except to conquer
  • #18
  • Oct 29, 2018 1:48am Oct 29, 2018 1:48am
Quoting claudia1
It's awake. See if it takes a trade later. {image}
Hm, it did not take one here, did not even draw the BO range ...
Fix up, trade sharp ...
  • #19
  • Oct 29, 2018 3:47am Oct 29, 2018 3:47am
Quoting Hickson
{quote} Hm, it did not take one here, did not even draw the BO range ...
Drew the range but no trade. Maybe the pc shut down I know I did. Needs to be on VPS I know you're having issues there too.
  • #20
  • Oct 29, 2018 3:48am Oct 29, 2018 3:48am
Quoting claudia1
{quote} Drew the range but no trade. Maybe the pc shut down I know I did. Needs to be on VPS I know you're having issues there too.
Did not even work on the lappy ... 1.02 was the only working with preset.
Fix up, trade sharp ...
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