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Opening price US30

  • #1,161
  • Edited Sep 14, 2021 6:50am Sep 13, 2021 6:09pm | Edited Sep 14, 2021 6:50am
very good...easy and simple....

goog job


JP
  • #1,162
  • Oct 1, 2021 8:18am Oct 1, 2021 8:18am
Nice thread and nice approach to trade US30. I know that we need patience to open the orders, but I dont have time to put orders because of my job. Is there any EA?
  • #1,163
  • Oct 1, 2021 8:32am Oct 1, 2021 8:32am
It is impossible to open a order in time at 16.30. Price is too volatile and too fast to open a trade, I think this is a good reason to create an EA… any volunteer? Hahaha
  • #1,164
  • Edited 7:48am Oct 30, 2021 6:24am | Edited 7:48am
Quoting Mr4x86
{quote} I know this is a bit of a thread hijack and slightly off topic but can your backtest program run with multiple symbols? I have a US30 open strat thats very simple and sort of hedges. At market open, Short 1 lot US30 and Long 8 lots US500 (these numbers equate to the same margin) and close both when account is $100 in profit, or $200 in loss. US500 generally outperforms US30 in both up and down markets so most nights it should end in positive equity, regardless of market direction. I have a bot that does this but won't backtest in cTrader...
hi
your strategy seems like a very good hedge trade. Is your profit target $100 USD or $100 AUD?
thanks
  • #1,165
  • Dec 21, 2021 12:27pm Dec 21, 2021 12:27pm
US30
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USTEC
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US500
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  • #1,166
  • Dec 21, 2021 12:28pm Dec 21, 2021 12:28pm
My results so far:

Attached Image
  • #1,167
  • Dec 22, 2021 7:37am Dec 22, 2021 7:37am
Quoting TheZenienss
My results so far: {image}
Could you share your party EA please?
  • #1,168
  • Dec 27, 2021 5:03am Dec 27, 2021 5:03am
Hi guys,
I wrote an EA to test the strategy but honestly I don't understand how you can get such good results.
Either with the "recovery" option active, or without it, the EA is losing.

Attached you can see the result with recovery (99.9% backtest data quality), this is with US500 but results are similar with US30 or USATEC.

I guess if I'm using the recovery in the wrong way.

At us market open time (which is 16.30 here in Italy) I place 2 pending orders, 30 pips away from current market price.
SL = 60, TP = 60 but I use trailing because most of the times price bounces back, so the TP is hit only a few times.

With this configuration, correct me if I'm doing it wrong, the entry price of one order is the SL of the other one.

When one of the 2 pending orders is activated, I add another pending order on the opposite direction. If everything goes ok, that's it.
If prices come back against me, when SL is hit the 2 pending orders on the opposite direction are activated.
The problem is when the price comes back again and the SL of the 2 is hit.

With just 2 back cases you destroy days of small gains.

Please tell me if my thought is correct or if I need to fix something
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  • #1,169
  • Dec 27, 2021 3:25pm Dec 27, 2021 3:25pm
Quoting EAtrader85
Hi guys, I wrote an EA to test the strategy but honestly I don't understand how you can get such good results. Either with the "recovery" option active, or without it, the EA is losing. Attached you can see the result with recovery (99.9% backtest data quality), this is with US500 but results are similar with US30 or USATEC. I guess if I'm using the recovery in the wrong way. At us market open time (which is 16.30 here in Italy) I place 2 pending orders, 30 pips away from current market price. SL = 60, TP = 60 but I use trailing because most of...
Try tp30 sl60
  • #1,170
  • Dec 28, 2021 3:17am Dec 28, 2021 3:17am
it doesn't change much.

In my humble opinion this strategy is like flipping a coin, backtesting I don't see any statistical proof that at US open time the price will move with a strong movement in one direction.
The only advantage is given by the "recovery" option.

But still, also that one is not working so good, as it is explained. So unless people here are using a different strategy, or I don't know how they can get such good results with the recovery explained some pages back.

I tried with a slightly different approach:
as soon as one of the pending orders are hit, I delete the other one, and I place one pending order (with double the size) at the daily open price. So when the price goes against me and goes back to daily open price, I close current order and open an opposite one with double the size.

The result is attached.
Not too bad but still there's a lot of work to do..
Attached Image (click to enlarge)
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  • #1,171
  • Dec 29, 2021 1:39pm Dec 29, 2021 1:39pm
Quoting EAtrader85
At us market open time (which is 16.30 here in Italy) I place 2 pending orders, 30 pips away from current market price. SL = 60, TP = 60 but I use trailing because most of the times price bounces back, so the TP is hit only a few times. With this configuration, correct me if I'm doing it wrong, the entry price of one order is the SL of the other one. When one of the 2 pending orders is activated, I add another pending order on the opposite direction. If everything goes ok, that's it. If prices come back against me, when SL is hit the 2 pending orders...
Totally wrong trading time. 16.30 is broker time, not Italy time. After US market open, wait for 1.5 hours later, and you may set the pending buy and sell stop order.
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
  • #1,172
  • Dec 29, 2021 2:39pm Dec 29, 2021 2:39pm
Quoting EAtrader85
it doesn't change much. In my humble opinion this strategy is like flipping a coin, backtesting I don't see any statistical proof that at US open time the price will move with a strong movement in one direction. The only advantage is given by the "recovery" option. But still, also that one is not working so good, as it is explained. So unless people here are using a different strategy, or I don't know how they can get such good results with the recovery explained some pages back. I tried with a slightly different approach: as soon as one of the...
Neanche troppo male ..
  • #1,173
  • Dec 30, 2021 3:40am Dec 30, 2021 3:40am
Quoting Shakka
{quote} Totally wrong trading time. 16.30 is broker time, not Italy time. After US market open, wait for 1.5 hours later, and you may set the pending buy and sell stop order.
not sure about it. my broker time is equal to my local time. anyway, it doesn't matter, I tested the EA with all the times combinations

I don't know why people who are using the strategy don't respond to this thread, so I did some tests on my own and I attach the result from 2017 to today.

Still not perfect, I will put this on a demo account and see what happens in the following weeks.

@lorecavoli: non male, ma molto migliorabile a mio parere
Attached Image (click to enlarge)
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  • #1,174
  • Dec 30, 2021 12:04pm Dec 30, 2021 12:04pm
Quoting EAtrader85
{quote} not sure about it. my broker time is equal to my local time. anyway, it doesn't matter, I tested the EA with all the times combinations I don't know why people who are using the strategy don't respond to this thread, so I did some tests on my own and I attach the result from 2017 to today. Still not perfect, I will put this on a demo account and see what happens in the following weeks. @lorecavoli: non male, ma molto migliorabile a mio parere {image}
I think this is a good trading system. Just been trading it for 3 days, and the result all win. I used the 2nd method from the author. One thing I dont like is the risk:reward is not good. Really need an EA for backtesting to make it perfect..
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
  • #1,175
  • Dec 30, 2021 12:20pm Dec 30, 2021 12:20pm
Quoting mrdfx
So it seems there's been a lot of interest in my approach to this strategy. I'll share the details below. {quote} Yes blam, I am trading making use of only the EA now. Initially I was doing it manually until the EA came along. Makes things easier especially when I'm not around my PC. {quote} I see bojack has already shared a good one for you. {quote} {quote} {quote} {quote} So initially what caught my attention to this strategy was the simplicity around it, it almost seemed too easy. Just set some pending orders and take profit voila.. Well sort...
Hello Mrdfx, really happy to see you join this thread.
Do you still testing and fine tune this system? How come the result then? Kindly share the progress if you dont mind, since the author already left a long time ago.

Regards.
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
  • #1,176
  • Dec 30, 2021 4:52pm Dec 30, 2021 4:52pm
Quoting TheZenienss
US30 {image} USTEC {image} US500 {image}
Good Trades Z Keep it up.
  • #1,177
  • Dec 30, 2021 4:55pm Dec 30, 2021 4:55pm
Quoting Crush2976
{quote} Could you share your party EA please?
Why not? Send me a DM
  • #1,178
  • Dec 30, 2021 4:56pm Dec 30, 2021 4:56pm
Quoting scsstnt
{quote} Good Trades Z Keep it up.
Thank you my friend!!!
  • #1,179
  • Dec 31, 2021 3:02am Dec 31, 2021 3:02am
Quoting Shakka
{quote} I think this is a good trading system. Just been trading it for 3 days, and the result all win. I used the 2nd method from the author. One thing I dont like is the risk:reward is not good. Really need an EA for backtesting to make it perfect..
what's the second method? I can share the EA if anybody is willing to share some info


@TheZenienss: do you have backtest results for your EA? I can help with testing and optimization if needed.
  • #1,180
  • Dec 31, 2021 1:03pm Dec 31, 2021 1:03pm
Quoting EAtrader85
{quote} what's the second method? I can share the EA if anybody is willing to share some info @TheZenienss: do you have backtest results for your EA? I can help with testing and optimization if needed.
Trade at the opening time of 16.30 broker time. You may read post #839 and #840 for more info. Just curious if there is another way for TP and SL. Need to optimize the risk reward for better result maybe..
Btw, today won again with 30 pip TP..
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
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