The Thing,
In summary, for you, which are the more interesting pairs to trade?
thank you
In summary, for you, which are the more interesting pairs to trade?
thank you
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DislikedHi all,
Firstly all thanks to The Thing for sharing this system and for everybody who is trying to make the systems work.
I have studied this system in depth, ran back tests out of MT4's history center for the last seven years and a 14MB file is the result. All test were done manually. Please bear with me as I tell you what I have done.
The only thing that I have added was to open the trade with 3 lots, first lot close on TP 30, the second lot close on TP 60 and the last to close on TP 100. I needed to optimize the trades. SL for GBPUSD and EURJPY was 100 and for GBPCHF and GBPJPY IS 150, only forward testing will optimize this.
GBPJPY (30,100) 105 P/M (30,60,100) 173 P/M
GBPUSD (30,100) 70 P/M (30,60,100) 124 P/M
The data from MT4 reports Date,Time,Open,high,Low,Close,Volume. Time and volume gets deleted as it is of no use. I then subtract Open and high,Open and Low, Open and close to get a "average pip movement" / currency pair. What I have realized is that if the average pip movement is below 60 the pair will not perform well, in the testing it was true that below 50 it always ended up in a loss at the end of the time period, Please comment on this as it makes sense to me, some pairs were as low as 24, so here are the pairs that I have found that does work, GBPUSD (66), EURJPY (62), GBPCHF (94), GBPJPY (91).
As this forum progressed there were a few ideas that I also incorparated in my tests, one was that if there is a trend developing let it run, I then applied the same rules for "simple" at every open of the new candle. This test came back with exellent results +-700 pips/month for the 4 pairs, untill I broke down the data into end of year figures. The excel graph showed that in the first few years from 2000 that there was a downwards trend up to now as if the trends became less.
YEAR EURJPY GBPCHF GBPUSD GBPJPY TOTAL AVE/MONTH
1999 1152 1510 296 3070 6028 502
2000 5226 7191 3140 5934 21491 1790
2001 2265 5944 -90 2340 10459 871
2002 520 4783 654 3771 9728 810
2003 3005 4553 2818 6651 17027 1418
2004 1148 873 1528 1441 4990 415
2005 -1107 -1430 2038 1287 788 65
2006 -1327 1323 1880 -1911 -35 -2
2007 1213 219 -313 2867 3986 332
I have also tested the GBPUSD with and without sunday candles and it only made a difference in 1999 and 2007.
YEAR SUNDAY NO SUNDAY
1999 296 -342
2000 3140 3140
2001 -90 -90
2002 654 654
2003 2818 2818
2004 1528 1528
2005 2038 2038
2006 1880 1961
2007 -313 510
The other idea that came to mind was to TP of the 3 lots at 30 to give 90, only tested this on GBPUSD and GBPJPY,
GBPUSD 104 P/M
GBPJPY 108 P/M
I hope this info helpsIgnored
DislikedThe data from MT4 reports Date,Time,Open,high,Low,Close,Volume. Time and volume gets deleted as it is of no use. I then subtract Open and high,Open and Low, Open and close to get a "average pip movement" / currency pair. What I have realized is that if the average pip movement is below 60 the pair will not perform well, in the testing it was true that below 50 it always ended up in a loss at the end of the time period, Please comment on this as it makes sense to me, some pairs were as low as 24, so here are the pairs that I have found that does work, GBPUSD (66), EURJPY (62), GBPCHF (94), GBPJPY (91).Ignored
DislikedThanks for your new backtester!
But I can't find the final results of the backtest in pips?!
Regards - XaronIgnored
DislikedUh of course... Thanks!
I'd like to see the option to use a different start time again. Would that be possible? I use a different time as close than GMT 0:00.
Regards - XaronIgnored
DislikedThanks for the latest backtester, IndyCash.
I've been trying to relate the results to the charts I'm using from North Finance. What close time does it use?
Thanks
ChrisIgnored
DislikedIndy,
Just an observation about your TERRIFIC tester . . . NorthFinance's data stream reports Open/Close-High/Low numbers that are slightly different from your tester. What is the data source for your tester?Ignored