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Simple Monday-Tuesday System (attached calculator)

  • #1,421
  • Mar 18, 2020 10:57am Mar 18, 2020 10:57am
Quoting zoraxfx
Yes Paul.... GBPCAD was a loss...no SL for this one ?
I missed NZSUSD entry as I was messing around with my EA at the time.

I don't understand your comment about "no SL" - what do you mean?
"Pips are vanity. Profit is sanity."
  • #1,422
  • Mar 18, 2020 10:59am Mar 18, 2020 10:59am
Attached is the Analysis EA with an update.

I have added in the facility that if its run on a chart that is being analysed it will also draw all the Hi Lo Break lines as well. Makes it visual as well as a spreadsheet output.

Attached File(s)
File Type: mq4 MT system statistics.mq4   9 KB | 233 downloads
  • #1,423
  • Mar 18, 2020 11:02am Mar 18, 2020 11:02am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 178 KB
  • #1,424
  • Mar 18, 2020 11:05am Mar 18, 2020 11:05am
Quoting zoraxfx
Yes Paul.... GBPCAD was a loss...no SL for this one ?
My GBPCAD hasn't broken the Low break at 15%. Nearly but not actually.
  • #1,425
  • Mar 18, 2020 11:19am Mar 18, 2020 11:19am
Quoting Spikehunter
{quote} My GBPCAD hasn't broken the Low break at 15%. Nearly but not actually.
No, but it broke the long entry this morning...on my broker, anyway.
"Pips are vanity. Profit is sanity."
  • #1,426
  • Mar 18, 2020 11:31am Mar 18, 2020 11:31am
Same here
Attached Image (click to enlarge)
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  • #1,427
  • Mar 18, 2020 11:52am Mar 18, 2020 11:52am
Quoting edybede
Same here {image}
Your price of 1.72569 is the same as my Mon/Tues High. Different brokers. Just had a look on dailyfx and their prices are also different to mine. My broker only manage a pip or so above the daily hilo.
Every man for himself women and children first.
  • #1,428
  • Mar 18, 2020 11:54am Mar 18, 2020 11:54am
Quoting nevie2
{quote} ah very nice, exactly the kind of patterns I was talking about, good stuff And yeah, inputting all data in excel is timeconsuming, but then you can do a lot more stuff with the data once you find new angles. Ofcourse the 'easiest' way to do this is to import tick or 1m data and let excel do all the analysis, but setting this up for a new strategy is still quite time consuming even with good excell skills, and this way you don't have the advantage of gaining new insights just from seeing hundreds of trades. For example normally when I research...
I agree with everything you say 100%. I do what I can visually and longhand because I neither have the excel skills nor the EA capable enough to get all of these stats. I am also very bad at using the back tester. It's a good thing I believe in the backtester about 0.01%. The only thing it's good for is testing the functionality of an EA. Results and stats on a strategy/EA mean nothing.
  • #1,429
  • Mar 18, 2020 11:54am Mar 18, 2020 11:54am
Quoting Spikehunter
Attached is the Analysis EA with an update. I have added in the facility that if its run on a chart that is being analysed it will also draw all the Hi Lo Break lines as well. Makes it visual as well as a spreadsheet output. {file}
Sorry but my English is not the best and I struggle to understand certain terms. I'm practicing
In the screen I highlighted the last break but the number 5 means that he broke on Friday? I understand it broke Thursday
  • #1,430
  • Mar 18, 2020 12:08pm Mar 18, 2020 12:08pm
Quoting nevie2
{quote} Yes optimal R:R calculations are endless and partly pointless, optimization will just lead to futile results, as is the case with nearly all optimization on past results. It's mainly just to get an indication; is it better to trade for long term gains, or are the breakouts usually short and then reverse. I mean who is to say an R:R of 1:.5 might not yield infinitely better results (just as an example). For example the main strategy I trade I use 1:10 TP's only, while it is theoretically also possible...
This reminded me of something I was thinking while I was visually backtesting the 12 pairs. I very rarely seen any pairs go to 1:3 or 1:4 or 1:5 etc. Take these stats with a grain of salt though. It's only the past year.
  • #1,431
  • Mar 18, 2020 12:09pm Mar 18, 2020 12:09pm
Quoting nevie2
Data looks nice, your just going to need a whole lot more. I would highly suggest adding in winning %, max R:R reached and such info in order to make it more 'workable' Also on a sidenote I don't really understand why people want to trade so many pairs, why not either pick the ones with lowest spread or the ones that perform the best. This seems to go far beyond the realm of diversification and far into the realm over overcomplication and overpaying for spread.
It might be for testing purposes, or as I like to call it, GREED



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It takes a lot for me to IGNORE you, but you can try.
  • #1,432
  • Mar 18, 2020 12:10pm Mar 18, 2020 12:10pm
Really motoring now!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB
"Pips are vanity. Profit is sanity."
  • #1,433
  • Mar 18, 2020 12:14pm Mar 18, 2020 12:14pm
Quoting FrancescoDTM
{quote} Sorry I said badly. In the csv in the LoBrk column I read whole numbers (4/5). What does it mean? I highlighted in green. {image}
You are correct and I have corrected it. I hadn't checked that the price had previously broke through. Funny as I thought there weren't many 3's.
Attached File(s)
File Type: mq4 MT system statistics.mq4   10 KB | 238 downloads
  • #1,434
  • Mar 18, 2020 12:16pm Mar 18, 2020 12:16pm
Quoting PaulDV
Really motoring now! {image}
Going like a steam train. I've already hit several profit targets. Next I think we need to find a way to have smarter TP. This is a bit crude. Not complaining a profit is always a profit.
  • #1,435
  • Mar 18, 2020 12:16pm Mar 18, 2020 12:16pm
I hope this continues .so many trades open to much to watch all . I an gonna shut mine Friday at 5pm if they don't reach 2:1 . Stop loss to b/e at 1:1
  • #1,436
  • Mar 18, 2020 12:18pm Mar 18, 2020 12:18pm
Quoting Erebus
{quote} It might be for testing purposes, or as I like to call it, GREED {image}
Haha, only logical explanation indeed
  • #1,437
  • Mar 18, 2020 12:19pm Mar 18, 2020 12:19pm
Quoting bojack34
{quote} I agree with everything you say 100%. I do what I can visually and longhand because I neither have the excel skills nor the EA capable enough to get all of these stats. I am also very bad at using the back tester. It's a good thing I believe in the backtester about 0.01%. The only thing it's good for is testing the functionality of an EA. Results and stats on a strategy/EA mean nothing.
Lies, dam lies and statistics. Did you know that 73.69% of all statistics are made up 93.453% of the time. Thats a fact.
  • #1,438
  • Mar 18, 2020 12:20pm Mar 18, 2020 12:20pm
Quoting Spikehunter
{quote} Going like a steam train. I've already hit several profit targets. Next I think we need to find a way to have smarter TP. This is a bit crude. Not complaining a profit is always a profit.
Yeah, I'm taking it cautious this week and aiming only for 1:1.
"Pips are vanity. Profit is sanity."
  • #1,439
  • Mar 18, 2020 12:21pm Mar 18, 2020 12:21pm
Quoting bojack34
{quote} This reminded me of something I was thinking while I was visually backtesting the 12 pairs. I very rarely seen any pairs go to 1:3 or 1:4 or 1:5 etc. Take these stats with a grain of salt though. It's only the past year.
Nothing wrong with that, could be an early indication of a longer term phenomenon. As long as you remind yourself of that it's perfectly fine. But a lot of people view 1 or 2 weeks of data as definite, precise and statistically viable data and then it becomes a big problem.
  • #1,440
  • Mar 18, 2020 12:24pm Mar 18, 2020 12:24pm
Quoting bojack34
{quote} I agree with everything you say 100%. I do what I can visually and longhand because I neither have the excel skills nor the EA capable enough to get all of these stats. I am also very bad at using the back tester. It's a good thing I believe in the backtester about 0.01%. The only thing it's good for is testing the functionality of an EA. Results and stats on a strategy/EA mean nothing.
Agreed. Also I have tried running my EA in the Strategy Tester and it takes a long time for one week. I haven't got it to finish yet. Not sure if it can handle pending orders. Its a little low down on the priority list.

These are unusual times, just hope we don't get caught out if and when we go live. Checking past results isn't a completely bad idea. No guarantee though.
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