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Attachments: 50 +/- MACD 4hour
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50 +/- MACD 4hour

  • #21
  • Jun 11, 2007 8:02am Jun 11, 2007 8:02am
Quoting billbss
I believe we should look at the readings at 0400 (not 2000) and 0800 to decide on a trade at 1200.

If I'm wrong, Dean can correct me.
Thats right.

Example

Current time 8am then Compare 8pm to 4am
Current time 12pm then Compare midnight to 8am
Current time 4pm then Compare 4 am to 12pm
  • #22
  • Jun 11, 2007 8:19am Jun 11, 2007 8:19am
Quoting the_guvnor
Thats right.

Example

Current time 8am then Compare 8pm to 4am
Current time 12pm then Compare midnight to 8am
Current time 4pm then Compare 4 am to 12pm

Oooops. That confused me a little.

Let's try this-

Bar A- Began at 2000 ended at 0000
Bar B - Began at 0000 ended at 0400
Bar C- Began at 0400 ended at 0800
Bar D- Began at 0800 ended at 1200

It is now 1200. Which two bars do I use to determine if I have a trade?

Thanks
  • #23
  • Jun 11, 2007 8:23am Jun 11, 2007 8:23am
B and D

Hope that clears things up.
  • #24
  • Jun 11, 2007 8:28am Jun 11, 2007 8:28am
Quoting the_guvnor
B and D

Hope that clears things up.
That did it.

Many thanks
  • #25
  • Jun 11, 2007 8:45pm Jun 11, 2007 8:45pm
Nice mechanical system...if it is profitable. I would guess an IT guy would be the one to discover a mechanical system. Now, I have backtested a number of systems that were trend following systems that showed nice profits in Jan. 07. Your profit taking does not appear to follow the trend if I am reading correctly. So I might conclude that your backtest for January showed nice profits considering you took 30 pips each trade on 1 lot and possibly 15 more on the second. Is this about right? ....thanks for sharing with us.
  • #26
  • Jun 12, 2007 2:30am Jun 12, 2007 2:30am
Quoting mikeh3855
Nice mechanical system...if it is profitable. I would guess an IT guy would be the one to discover a mechanical system. Now, I have backtested a number of systems that were trend following systems that showed nice profits in Jan. 07. Your profit taking does not appear to follow the trend if I am reading correctly. So I might conclude that your backtest for January showed nice profits considering you took 30 pips each trade on 1 lot and possibly 15 more on the second. Is this about right? ....thanks for sharing with us.
Thanks Sometime it follows the trend and sometime it goes against the bigger trend.

Yes First lot is 30 pips second is 45pip target. But In live trading I will look a continuation signal to stay in the trade and go for more than 45 pips with a trailing stop.
  • #27
  • Jun 12, 2007 3:55am Jun 12, 2007 3:55am
Currently doing a back test for the year to date. But Are doing two tests.

First is 30 pip stop 30 pip target
second is 30 pip stop 45 pip target
  • #28
  • Jun 12, 2007 5:21am Jun 12, 2007 5:21am
This test doesnt move the second lot SL to break even at 30+

30 pip target
21 wins at 30 pips 660 62%
13 loses at 30 pips 390 38%

Month total 270 pips

45 pip target
16 wins at 45 720 47%
18 loses at 30 540 53%

Month total 180 pips

Combined Total 450Pips

Notes

Would be intresting to see how much affect changing the stop to 25 pips has.
But it Appears it would be better to have two lots going for 30 pips than the current way.
  • #29
  • Jun 12, 2007 6:42am Jun 12, 2007 6:42am
Quoting the_guvnor
This test doesnt move the second lot SL to break even at 30+

30 pip target
21 wins at 30 pips 660 62%
13 loses at 30 pips 390 38%

Month total 270 pips

45 pip target
16 wins at 45 720 47%
18 loses at 30 540 53%

Month total 180 pips

Combined Total 450Pips

Notes

Would be intresting to see how much affect changing the stop to 25 pips has.
But it Appears it would be better to have two lots going for 30 pips than the current way.

Dean, If I'm reading this right, your 18 losses on the 45 pip PT test would have equaled 0 pips if you had set the SL to break even after making 30 pips.

If that's true, you would have made 720 pips on the second lot.

Am I missing something?

Also- I can program AmiBroker to auto backtest this as far back as I have data.
Problem is I can't make it scale out. In other words I can only have one stop loss and one profit target for each trade. I can use it to optimize the SL and PT.

If you want me to try, I need some kind of iron clad rule on what to do with an existing position if another position is signaled at the end of 4 hours.

Let me know if you want me to try it.
  • #30
  • Jun 12, 2007 7:29am Jun 12, 2007 7:29am
Quoting billbss
Dean, If I'm reading this right, your 18 losses on the 45 pip PT test would have equaled 0 pips if you had set the SL to break even after making 30 pips.

If that's true, you would have made 720 pips on the second lot.
Yes I think that would eb the case.

As Far as another signal goes.

If long and the next signal is long keep open
else if signal is short than reverse posistion

Please give amibroker a try. I have just downloaded it. Do you know of any good (cheap) data providers?
  • #31
  • Jun 12, 2007 7:45am Jun 12, 2007 7:45am
Quoting the_guvnor
Yes I think that would eb the case.

As Far as another signal goes.

If long and the next signal is long keep open
else if signal is short than reverse posistion

Please give amibroker a try. I have just downloaded it. Do you know of any good (cheap) data providers?
OK- Keep open the position, but do we open a new one also?

AmiBroker has a free FXCM feed for live forex data.

Problem is, it isn't very reliable.

I don't know of another cheap source for real time forex data.

You can backtest with AmBroker without a forex feed by exporting the data from MT4 using the MT4 history center.

I recommend using Alpari's data. Its a lot cleaner.

I used to have the link to their data archives but I can't find it. Maybe someone will see this that knows what it is.
  • #32
  • Jun 12, 2007 7:55am Jun 12, 2007 7:55am
Thanks.
In the back testing I have already done I didnt open a new posistion intill the old one was closed.

Could you send me your code for amibroker please.
  • #33
  • Jun 12, 2007 7:58am Jun 12, 2007 7:58am
Quoting the_guvnor
Thanks.
In the back testing I have already done I didnt open a new posistion intill the old one was closed.

Could you send me your code for amibroker please.
I will as soon as I write it.

It will be later on today.


OOPS-
I was thinking of Ensign when I said it had a free FXCM feed. AmiBroker doesn't have that.
  • #34
  • Jun 12, 2007 8:17am Jun 12, 2007 8:17am
Iv Got 4h data into amibroker from metatrade but it wont allow me to view it anything less than daily.
Any Suggestions?

Quoting billbss
I will as soon as I write it.

It will be later on today.


OOPS-
I was thinking of Ensign when I said it had a free FXCM feed. AmiBroker doesn't have that.
  • #35
  • Jun 12, 2007 8:27am Jun 12, 2007 8:27am
Quoting the_guvnor
Iv Got 4h data into amibroker from metatrade but it wont allow me to view it anything less than daily.
Any Suggestions?
Try going to "preferences" on the top tool bar . Then select "intraday" and set it up for 4H.

After you've done that, right click a chart and select "intraday" then select "240".

Here's a screenshot of the preferences menu. Its an icon on the top tool bar that looks like a little cog.
Attached Image (click to enlarge)
Click to Enlarge Name: AMI.jpg Size: 71 KB
  • #36
  • Jun 12, 2007 9:02am Jun 12, 2007 9:02am
Thanks Didnt seem to work. I have now registered for there EOD data feed.
Quoting billbss
Try going to "preferences" on the top tool bar . Then select "intraday" and set it up for 4H.

After you've done that, right click a chart and select "intraday" then select "240".

Here's a screenshot of the preferences menu. Its an icon on the top tool bar that looks like a little cog.
  • #37
  • Jun 12, 2007 9:10am Jun 12, 2007 9:10am
Quoting the_guvnor
Thanks Didnt seem to work. I have now registered for there EOD data feed.
EOD data feed won't help you with this system.

Try exporting data of a smaller time frame than 4H from MT4. Try 5M or 15M. Then display it in 4H bars.

You can also pipe free 1M streaming data from MT4 into AmiBroker. You can display it in any time frame you want. You have to download the DDE plug in- its free. I have done it before but its been awhile. Its quite complicated to set up, but if I could do it I know you can.
  • #38
  • Jun 12, 2007 11:07am Jun 12, 2007 11:07am
Is EOD data daily data or is it all the data for the day, just it isnt streamed.

Also I looked at what you said earlyier about movign the stop to BE at 30 pips on the second lot it would of happend 5 times and saved 150 pips.

So the second lot would of made 330 pips all together.

Quoting billbss
EOD data feed won't help you with this system.

Try exporting data of a smaller time frame than 4H from MT4. Try 5M or 15M. Then display it in 4H bars.

You can also pipe free 1M streaming data from MT4 into AmiBroker. You can display it in any time frame you want. You have to download the DDE plug in- its free. I have done it before but its been awhile. Its quite complicated to set up, but if I could do it I know you can.
  • #39
  • Jun 12, 2007 11:25am Jun 12, 2007 11:25am
Quoting the_guvnor
Is EOD data daily data or is it all the data for the day, just it isnt streamed.

Also I looked at what you said earlyier about movign the stop to BE at 30 pips on the second lot it would of happend 5 times and saved 150 pips.

So the second lot would of made 330 pips all together.
That sounds great.
EOD data is daily bars.
  • #40
  • Jun 12, 2007 11:57am Jun 12, 2007 11:57am
Im happy with the simple rules I have at the moment.

My plan now is to create some code so I can test other pairs.
Also I am going to create a manual of the procedures I must undertake when trading. Entry rules Exit rules and money managment rules.
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