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Hanging out the daily on the close line

  • #61
  • Feb 9, 2019 8:34am Feb 9, 2019 8:34am
Quoting yczzd
{quote} Hi,Rob How was your result last week?
My H4 experiment didn't work out too well. The last couple of days have been break-even, overall, so the jury is still out.
  • #62
  • Feb 9, 2019 9:06am Feb 9, 2019 9:06am
Quoting ChicagoRob
{quote} My H4 experiment didn't work out too well. The last couple of days have been break-even, overall, so the jury is still out.

Thank you! I hope you get good results next week. Use the new version
  • #63
  • Feb 12, 2019 1:00am Feb 12, 2019 1:00am
This is the result from 0:00 on February 8 to 12:00 on February 12.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 56 KB
  • #64
  • Feb 12, 2019 2:03am Feb 12, 2019 2:03am
Quoting yczzd
This is the result from 0:00 on February 8 to 12:00 on February 12. {image}
Is this daily time frame?

I have started testing this EA on my live cent account today.
Attached Image (click to enlarge)
Click to Enlarge Name: photo6273961344529180771.jpg Size: 35 KB
  • #65
  • Feb 12, 2019 2:43am Feb 12, 2019 2:43am
Quoting kudafoolhu
{quote} Is this daily time frame? I have started testing this EA on my live cent account today. {image}


I use it in H4.
EA is still in the testing, using it carefully in real accounts.
  • #66
  • Feb 12, 2019 4:56am Feb 12, 2019 4:56am
Quoting yczzd
This is the result from 0:00 on February 8 to 12:00 on February 12. {image}
Excellent results, especially for such a short time period. Latest EA, correct? I think I'll run another H4 demo, since you can snag a lot more trades. I wonder what would happen on H1?
  • #67
  • Feb 12, 2019 5:02am Feb 12, 2019 5:02am
Quoting yczzd
{quote} I use it in H4. EA is still in the testing, using it carefully in real accounts.
Which account type do you recommend?
  • #68
  • Feb 12, 2019 5:20am Feb 12, 2019 5:20am
I'm coding an EA for MT5 for more reliable test
  • #69
  • Feb 12, 2019 5:21am Feb 12, 2019 5:21am
Quoting ChicagoRob
{quote} Excellent results, especially for such a short time period. Latest EA, correct? I think I'll run another H4 demo, since you can snag a lot more trades. I wonder what would happen on H1?
You can try. I think the risk of TF greater than H4 is smaller.
  • #70
  • Feb 12, 2019 5:25am Feb 12, 2019 5:25am
Quoting kudafoolhu
{quote} Which account type do you recommend?
This EA has no restrictions on accounts.
I just want to remind you that before this EA is fully tested, don't use it for real accounts to avoid losses.
  • #71
  • Edited 8:36am Feb 12, 2019 5:37am | Edited 8:36am
Quoting yczzd
{quote} This EA has no restrictions on accounts. I just want to remind you that before this EA is fully tested, don't use it for real accounts to avoid losses.
Thank you, will keep testing on demo accounts.
  • #72
  • Feb 12, 2019 6:45am Feb 12, 2019 6:45am
Quoting yczzd
This is the result from 0:00 on February 8 to 12:00 on February 12. {image}
What analysis tool are you using for your trades? I used to use mt4 report, but it is no longer available.
  • #73
  • Feb 12, 2019 7:01am Feb 12, 2019 7:01am
Quoting ChicagoRob
{quote} What analysis tool are you using for your trades? I used to use mt4 report, but it is no longer available.
ex Steve Hopwood Forex Forum
Attached File(s)
File Type: ex4 TradeReport.ex4   122 KB | 480 downloads
It takes a lot for me to IGNORE you, but you can try.
  • #74
  • Feb 12, 2019 7:14am Feb 12, 2019 7:14am
Quoting Erebus
{quote} ex Steve Hopwood Forex Forum {file}
Thanks, Erebus
  • #75
  • Feb 12, 2019 7:26am Feb 12, 2019 7:26am
Quoting cfudge
Hi all. I had an idea early this morning while awake in bed, (probably not the best time lol) I thought of placing a series of 1SMAs on a chart, settings as follows, high, low and close. Then put on a line chart with no colour. We then watch for the close line to touch one of the other lines, at which time we switch from line to bars and trade the opposite of the colour of the candle that touched the outer SMA. (See charts) One exception is if the touch occurs when the outer SMA is moving towards the close SMA (see charts, orange dotted lines} I...
Nice idea Chris. One challenge in trading is finding a consistent-enough pattern. After looking over your idea, the most consistent pattern is actually the part that you're avoiding or discarding. I mean the set up where the outer lines are essentially in parallel and the inner line is touching either side. If you look at this more closely, this is almost always followed by a period of sideways action. So once you have a closed candle, buy low sell high this sideways action until you net green. It might not be clear what I'm talking about so I will trade it starting tomorrow and explain better with some examples.
  • #76
  • Feb 12, 2019 7:53am Feb 12, 2019 7:53am
Quoting Erebus
{quote} ex Steve Hopwood Forex Forum {file}
Thanks, Erebus.
  • #77
  • Feb 12, 2019 8:26am Feb 12, 2019 8:26am
Quoting yczzd
This is the result from 0:00 on February 8 to 12:00 on February 12. {image}
Im testing too in H4 with 100k demo account and medium lot size, the most important thing is the DD for me.
  • #78
  • Feb 12, 2019 9:23am Feb 12, 2019 9:23am
Quoting BeaterTrader
{quote} Im testing too in H4 with 100k demo account and medium lot size, the most important thing is the DD for me.
Is the version you use v11?
  • #79
  • Feb 12, 2019 9:26am Feb 12, 2019 9:26am
Quoting cfudge
Hi all. I had an idea early this morning while awake in bed, (probably not the best time lol) I thought of placing a series of 1SMAs on a chart, settings as follows, high, low and close. Then put on a line chart with no colour. We then watch for the close line to touch one of the other lines, at which time we switch from line to bars and trade the opposite of the colour of the candle that touched the outer SMA. (See charts) One exception is if the touch occurs when the outer SMA is moving towards the close SMA (see charts, orange dotted lines} I...
I should also mention that during my visual backtesting, it's not necessary that the middle line touches either of the outer lines. As long as it's not also in parallel with the outer lines, you can expect sideways action for the next day to the next few days.
  • #80
  • Feb 12, 2019 9:42am Feb 12, 2019 9:42am
Quoting cfudge
OK so I have spent friday and saturday on the laptop, running strategy tester and manually seeing how many pips were won or lost on all set-ups on all 29 pairs. I was very strict on the 5 pip from close to high/low. Also the rule of no trade if outer bands are pointing inwards. I tested every pair from October 1st 2018 until now. I wasn't convinced, from my live testing so far, that every pair could just be traded blindly and expect to win in the long run. I was surprised at the results, mostly that Gold gave the biggest loss. Also that the currencies...
Speaking of Gold: added a reverse trade on the slope exclusion rule - much better result. Also build with this dreema stuff, needing input for both buy and sell- but ok for testing...
Standard parameters are for Gold.

Attached File(s)
File Type: ex4 XD1(5).ex4   181 KB | 362 downloads
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