Dear Pat Chiko, I have been studying trend following for a while, Inspired by the Turtle Trader Richard Dennis , also have been listening to Trend Following Biased Podcasts, to see if I can get any more info.
I have been working on a Trend Trading higher Time frame MT4 EA since mid-January 2023, I am getting some Okay results in the 10 yr backtest. However my Best Results are coming from Gold, BTCUSD, NASDAQ/USTech100, USDJPY and GBPJPY. Currencies aren’t that good (for me) for Trend Trading.
How my EA (Scratch004_Complete_compound_All.ex4 - not finished yet) works it can have 2 or 3 Time Frames, It has an Anchor Time Frame and will take Entries based on the Lowest Time Frame.
2 Time Frames; is D1/H1, or D1/H4
3 Time Frames; is D1/H4/M15 (M15 can be replaced by M30).
It looks for momentum (price moving fast) and a trend (significant up move or down). Buy High, Sell Higher, Vice Versa. Trades are only opened and closed on the open of a new candle on the lowest TF selected, That is how I have coded it using NewBar().
I have only optimized for 1 Parameter and that is Take Profit (Profit Threshold). i.e 2R, 3R, +20R. That way I don’t get too many fake results (Over Optimization). It Risks 1% of Account Balance() per trade.
USDJPY Results 10 yr 2013 to 2023 (Dukascopy Data via Tick Data Manager):
I've got more but I won't Hi Jack the Thread.
I have been working on a Trend Trading higher Time frame MT4 EA since mid-January 2023, I am getting some Okay results in the 10 yr backtest. However my Best Results are coming from Gold, BTCUSD, NASDAQ/USTech100, USDJPY and GBPJPY. Currencies aren’t that good (for me) for Trend Trading.
How my EA (Scratch004_Complete_compound_All.ex4 - not finished yet) works it can have 2 or 3 Time Frames, It has an Anchor Time Frame and will take Entries based on the Lowest Time Frame.
2 Time Frames; is D1/H1, or D1/H4
3 Time Frames; is D1/H4/M15 (M15 can be replaced by M30).
It looks for momentum (price moving fast) and a trend (significant up move or down). Buy High, Sell Higher, Vice Versa. Trades are only opened and closed on the open of a new candle on the lowest TF selected, That is how I have coded it using NewBar().
I have only optimized for 1 Parameter and that is Take Profit (Profit Threshold). i.e 2R, 3R, +20R. That way I don’t get too many fake results (Over Optimization). It Risks 1% of Account Balance() per trade.
USDJPY Results 10 yr 2013 to 2023 (Dukascopy Data via Tick Data Manager):
I've got more but I won't Hi Jack the Thread.
BTC/USD Trend Following EA Beta Testing All Time Return:
74.7% BTC/USD NASDAQ