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Attachments: Monday/Tuesday Breakout EA
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Monday/Tuesday Breakout EA

  • #221
  • Jun 2, 2020 5:05am Jun 2, 2020 5:05am
Quoting TraderXYZ
has anyone backtested or forward tested this on many pairs? or indicies also i am about to embark into a jounrney!
That depends on what you mean by "this".

If you're referring to the EA, then yes, that has been tested on practically every pair and index available and simply works. If you're referring to the strategy it employs, then you're best going over to the main strategy thread and asking there, as there are many people applying the same strategy but in a variety of ways.

Hope this helps.
"Pips are vanity. Profit is sanity."
  • #222
  • Jun 2, 2020 6:16am Jun 2, 2020 6:16am
Quoting PaulDV
{quote} That depends on what you mean by "this". If you're referring to the EA, then yes, that has been tested on practically every pair and index available and simply works. If you're referring to the strategy it employs, then you're best going over to the main strategy thread and asking there, as there are many people applying the same strategy but in a variety of ways. Hope this helps.
Hi Paul, how are you. Great work,, your EA seems to be consistent now with you new set. Can you share a picture of the setting,, that way we can guide it.
  • #223
  • Jun 2, 2020 6:35am Jun 2, 2020 6:35am
Quoting PaulDV
Hit my target for the week!
Hi! Congrats, great result!
But as was written before, this is not the strategy (Mo-Tu-Box and the follow the breakout).
Or was the EA looking at Mo-Tu from last week? As I understood, the EA now allows something like this?
Have a sunny and healthy day @all!
  • #224
  • Jun 2, 2020 7:20am Jun 2, 2020 7:20am
Quoting ursinho4711
{quote} Hi! Congrats, great result! But as was written before, this is not the strategy (Mo-Tu-Box and the follow the breakout). Or was the EA looking at Mo-Tu from last week? As I understood, the EA now allows something like this? Have a sunny and healthy day @all!
And as I said before, it IS the same strategy (i.e. a breakout). The only change is the period used to derive the range.

Accordingly, the EA allows you to set your own trading period:
Attached Image


As you can see, I've set it to start trading from 10am on Monday. This means that it will use the range as governed by the markets between 00:00 and 09:59 on Monday.
"Pips are vanity. Profit is sanity."
  • #225
  • Jun 2, 2020 7:22am Jun 2, 2020 7:22am
Quoting ordosgoitia
{quote} Hi Paul, how are you. Great work,, your EA seems to be consistent now with you new set. Can you share a picture of the setting,, that way we can guide it.
These are my settings. Any you can't see are at the defaults.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
"Pips are vanity. Profit is sanity."
  • #226
  • Jun 2, 2020 7:38am Jun 2, 2020 7:38am
[quote = PaulDV; 12977221] {quote} {image} [/ quote]

Thanks for your great EA paul. In the test you are currently using for the MOTU system starting on Mondays, are you using all 28 pairs? Thank you
  • #227
  • Jun 2, 2020 7:57am Jun 2, 2020 7:57am
Quoting Clipi
[quote = PaulDV; 12977221] {quote} {image} [/ quote] Thanks for your great EA paul. In the test you are currently using for the MOTU system starting on Mondays, are you using all 28 pairs? Thank you
Pairs I'm using are:
AUDCAD, AUDCHF, AUDJPY, AUDUSD, EURAUD, EURCAD, EURGBP, GBPAUD, GBPCHF, GBPJPY, GBPNZD

Settings are as per my previous post.
"Pips are vanity. Profit is sanity."
  • #228
  • Jun 2, 2020 7:58am Jun 2, 2020 7:58am
Quoting PaulDV
This means that it will use the range as governed by the markets between 00:00 and 09:59 on Monday.
Hi Paul! Thanks for the quick and helpful answer!
Just one small question (same confusion as always): 00:00 refers to your broker time? Meaning GMT+3?
Box closes one minute before London Open?

Remember, that we have GMT, Broker Time, Local Time...
  • #229
  • Jun 2, 2020 8:13am Jun 2, 2020 8:13am
Quoting PaulDV
{quote} And as I said before, it IS the same strategy (i.e. a breakout). The only change is the period used to derive the range. Accordingly, the EA allows you to set your own trading period: {image} As you can see, I've set it to start trading from 10am on Monday. This means that it will use the range as governed by the markets between 00:00 and 09:59 on Monday.
Paul, it looks like we are able to trade the daily BO as well...that would be very handy ! Where can I download it?
I never lose - either I win or I learn...
  • #230
  • Jun 2, 2020 8:22am Jun 2, 2020 8:22am
Quoting jdva
{quote} Paul, it looks like we are able to trade the daily BO as well...that would be very handy ! Where can I download it?
Not so, I'm afraid - it's hard-wired to start the range period from 00:00 on Monday.
"Pips are vanity. Profit is sanity."
  • #231
  • Jun 2, 2020 12:03pm Jun 2, 2020 12:03pm
Quoting driven18
Paul, good stuff....I tested with parameters you posted above, here is what I have in Strategy tester...help? {image} {image}
Looks like an issue with the data on your client.

You may need to cleanse your test data...but I don't know how to do that I'm afraid.
"Pips are vanity. Profit is sanity."
  • #232
  • Jun 2, 2020 12:19pm Jun 2, 2020 12:19pm
Quoting driven18
{quote} I switched to 0.5 lot per pair, it works but it gives me 0.01..help? {image} {image}
yo have to change money managment to fixed lot the row above lot size
  • #233
  • Jun 2, 2020 12:34pm Jun 2, 2020 12:34pm
Quoting cescof
{quote} yo have to change money managment to fixed lot the row above lot size
cescof, thank you..got it...
  • #234
  • Jun 6, 2020 10:33am Jun 6, 2020 10:33am
Quoting PaulDV
{quote} Pairs I'm using are: AUDCAD, AUDCHF, AUDJPY, AUDUSD, EURAUD, EURCAD, EURGBP, GBPAUD, GBPCHF, GBPJPY, GBPNZD Settings are as per my previous post.
Hi Paul, may i ask how you backtested the pairs you mention? Did you do it in the Strategy Tester? I ask because that's what I did, and - since I got bad results on some of the pairs you included - I decided to test them in another MT4 setup (different broker, but dl'ing from history center as well) and sadly got even more different results. So I really wonder if Strategy Tester is reliable for this kind of strategy, or it is a more general problem with the Strategy Tester. Any input welcome!
  • #235
  • Jun 7, 2020 5:02am Jun 7, 2020 5:02am
Thank you for your excellent EA.
On my broker and I think most others a bar/candle's open, high, low and close are all recorded using the SELLING price. If your EA uses the high selling price as a trigger to go long it should try take into account the spread at the time of trading to make some allowance for the fact that we do not know what the spread was at the time that the high that we are using for the trigger was formed.
Generally we should also be careful not to use ranges formed when there was exceptional volatility when spreads would have been very big.
I have not found back testing to be the best way to test a strategy because of the inclination to play around with the settings for the best results, I an testing your EA going forward on a demo account, last week was good using the Monday start.
Most strategies that look good looking back do not always work as well going forward due to the many influences on the markets and I have found that a large portion of good sense should always be part of a strategy going forward.
  • #236
  • Jun 7, 2020 6:07am Jun 7, 2020 6:07am
Quoting LarryK
Thank you for your excellent EA. On my broker and I think most others a bar/candle's open, high, low and close are all recorded using the SELLING price. If your EA uses the high selling price as a trigger to go long it should try take into account the spread at the time of trading to make some allowance for the fact that we do not know what the spread was at the time that the high that we are using for the trigger was formed. Generally we should also be careful not to use ranges formed when there was exceptional volatility when spreads would have...
Thankyou.

I do like the idea of using the ask price when recording the long entry. This would be possible when forward testing, of course, but, as you have said, we don't know what the spread was historically, so looking back won't be as accurate. But I will look into building this in.

Curve fitting is very difficult to avoid, as we tend to do it subconsciously, so I do agree with your commend on back testing, especially when it comes to 'tweaking' settings. Personally I find using broad brush strokes to be a little more forgiving when 'going live' than trying to find the 10th of a percent of a value that gives the 'best' results.

Quoting Send
may i ask how you backtested the pairs you mention?
For my part, I back-tested visually on every currency pair (using the indicator mode), recording the results for each week (took a while!), and discarded all pairs that didn't generate at least 40% win rate (I'm using R:R of 1:2). I then back tested the same period using the strategy tester and some good quality tick data, which pushed some pairs up and took others down, and again I eliminated any with a win rate of less than 40%. The list of pairs I gave above are the result, based on my broker (IC Markets), but may well be different for another, so I would always encourage people to do their own back testing rather than simply blindly following someone else's settings and hoping for the best.
"Pips are vanity. Profit is sanity."
  • #237
  • Jun 7, 2020 9:42pm Jun 7, 2020 9:42pm
Paul DV. I would love to get in contact with you, please provide me with the best way to get a hold of you!
  • #238
  • Jun 8, 2020 2:16am Jun 8, 2020 2:16am
Quoting EggWay
Paul DV. I would love to get in contact with you, please provide me with the best way to get a hold of you!
PM me.
"Pips are vanity. Profit is sanity."
  • #239
  • Jun 8, 2020 7:11am Jun 8, 2020 7:11am
10% target profit reached, all trades closed by Equity Guardian.

Impressive stuff by both EA's
  • #240
  • Jun 8, 2020 8:33am Jun 8, 2020 8:33am
Quoting LarryK
10% target profit reached, all trades closed by Equity Guardian. Impressive stuff by both EA's
Hi LarryK,
Please share your orders (closed or open) with profits by pips. I'll check my orders with yours for broker's reliability.
Thanks,
Best regards,
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