The Ghillyoar System (buying highs and selling lows)

Quoting fxtrue

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As promised, I attach Paddy9's (moderately) cleaned-up code for the Ghilly Oar system that generated the provided test results. Paddy9 explained that the purpose of this thread was to encourage some "thinkers" (rather than "takers") get involved and try adding additional exit rules that might benefit the system and be adopted if useful. You will therefore find example code at lines 600-602 than can be copied and used to add additional rules. I hope that useful rules will be shared ...just as I hope that the source code of other EAs for this strategy...

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Quoting fxtrue

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As promised, I attach Paddy9's (moderately) cleaned-up code for the Ghilly Oar system that generated the provided test results. Paddy9 explained that the purpose of this thread was to encourage some "thinkers" (rather than "takers") get involved and try adding additional exit rules that might benefit the system and be adopted if useful. You will therefore find example code at lines 600-602 than can be copied and used to add additional rules. I hope that useful rules will be shared ...just as I hope that the source code of other EAs for this strategy...

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Quoting neosqualls

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In the image attached we have a case where we open much more sell trades than buy trades. So exit rule #2 won't apply and we are in danger, i suggest to try to cut loss if we have the double of open trade in one direction. Let say for example : 2 buy, 4 sell, close all open order {image}

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Quoting tesiag

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{quote} Really strange behaviour....also order 107 has a profit of 20 in 10 pips with a size of 0.24. You seem to have changed parameters in lot side, profit target for rule#1 and maybe (what could explain your results) also the profit exit in rule#2

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Quoting Paddy9

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eurusd Sept 2013 to 23.3.21 {image}

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Quoting tesiag

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Hi all, no news from backtests? paddy9 asked for suggestions of new exit rules to replace (or to add to) rule#2 of the system. At the moment I'm not able to propose any "reasoned" alternative to rule#2. On the other hand, I would propose some kind of "modification" to the update of the Buy bench and sell bench which sometimes get very far apart (typically when the the first entry is just after a parabolic growth/drop which makes the entry price quite distant from the moving average). A condition to reduce the gap between buy and sell benches when...

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      double Target1                    = 0;
      double Highest_Ever_Funds         = 0;
      double Buy_Bench                  = 0;
      double Sell_Bench                 = 10001;
      int    NextOpenTradeAfterDays     = 1; //next open trade after time
      int    MaxSlippage                = 3; //adjusted in OnInit
      int    MaxOpenTrades              = 1000;
      int    MaxLongTrades              = 1000;
      int    MaxShortTrades             = 1000;

Quoting neosqualls

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Here are some parameters i will focus on for the next backtesting : double Target1 = 0; double Highest_Ever_Funds = 0; double Buy_Bench = 0; double Sell_Bench = 10001; int NextOpenTradeAfterDays = 1; //next open trade after time int MaxSlippage = 3; //adjusted in OnInit int MaxOpenTrades = 1000; int MaxLongTrades = 1000; int MaxShortTrades = 1000;

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Quoting tesiag

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{quote} Those are inner variables used by the EA code. You need to focus on the input parameters (those defined by the keyword "input").

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Quoting danjuma

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Something that baffles me! Did a quick backtest using MT4 strategy tester (I know it's not completely reliable) using the following settings (Tradesize=0.05, ExitProfit=20, TargetStep=50, MaMethod=1) on USD5000 starting balance, on GBPUSD, USDCAD and EURUSD between 01/12/2019 to 10/03/2021. GBPUSD and USDCAD returned decent profits with decent max drawdown, but EURUSD returned a massive loss with big drawdown. What gives! GBPUSD: net profit = 1405.10 Max DD = 952.34 (18.16%) USDCAD: net profit = 719.39 Max DD = 803.48 (14.05%) EURUSD: net profit...

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Quoting mtako

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{quote} Nice work. My 2 cents. First off, period of testing is not nearly large enough. Second, every pair needs completely different params for every single condition applied. Hope it helps. Good luck.

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Second, every pair needs completely different params for every single condition applied.

Quoting danjuma

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{quote} Hi mtako. Thanks for your feedback. I agree the period of testing is too small. It was just a quick test (as I am using 'every tick' mode which can be painfully slow for long periods), and the EU and GU were trending similarly during that period (images attached. The first is GU, and the second is EU). I could have lived with slight differences but just completely baffled why one returned decent profit with low DD and the other would have actually blown the account! Second, every pair needs completely different params for every single...

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Quoting danjuma

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{quote} I am using 'every tick' {image}{image}

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Quoting danjuma

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{quote} Second, every pair needs completely different params for every single condition applied. And herein lies the big problem! How does one go about determining what params are optimum for what pairs! You can do an extensive back tests and come up with what you think are the optimal params but that does not guarantee it will not blow your account in future! {image}{image}

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Quoting danjuma

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{quote} You can do an extensive back tests and come up with what you think are the optimal params but that does not guarantee it will not blow your account in future! {image}{image}

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