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Breakout + Spread!! Sure!!!

  • #541
  • Oct 25, 2007 8:07am Oct 25, 2007 8:07am
This strategy, seems really nice. Well done Eagle.
Has anyone done some backtesting on it? If so can you post the results?
Has anyone got a decent EA?

Comments appreciated!
Stay on the PIPest side of life!
  • #542
  • Oct 29, 2007 6:17am Oct 29, 2007 6:17am
Any news about 5 pips eagle system ?
  • #543
  • Oct 29, 2007 11:10am Oct 29, 2007 11:10am
Hi everyone,

Because I had a feeling that this system could work and no one came up with a decent EA, I decided to back-test this strategy by hand.

I tested the pairs, EUR/USD, USD/JPY, AUD/USD, GBP/USD, USD/CAD, EUR/JPY, EUR/CHF, USD/CHF, GBP/JPY and GBP/CHF.

I only tested the first trade of each day and compared 3 Stop Loss placement strategy:
1. 15 pips away from entry;
2. Outside the Box (If long 1 pip below low of box, If short 1 pip above high of box);
3. Above or below High/Low of previous candle.

The results were quite good but far from spectacular. So I decided to filter the trades.

For each pair, on the Daily and Weekly charts I plotted a 200 period Exponential Moving Average.
The filter was as follows:
- Only took Long trades: when price was above the 200 EMA on both charts;
- Only took Short trades: when price was below the 200 EMA on both charts;
- Long and Short trades were taken when price was above the 200 EMA on on chart and below on the other.

The improvement was spectacular, there was an overall improvement of about 51%.

Included is a word doc. with the results.

Comments would be much appreciated!
Attached File(s)
File Type: doc Backtest results.doc   116 KB | 1,787 downloads
Stay on the PIPest side of life!
  • #544
  • Oct 29, 2007 1:26pm Oct 29, 2007 1:26pm
Hey thats a pretty nice filter. My question to you is how far back in time did you go when backtesting. Thanks


Quoting PIPer
Hi everyone,

Because I had a feeling that this system could work and no one came up with a decent EA, I decided to back-test this strategy by hand.

I tested the pairs, EUR/USD, USD/JPY, AUD/USD, GBP/USD, USD/CAD, EUR/JPY, EUR/CHF, USD/CHF, GBP/JPY and GBP/CHF.

I only tested the first trade of each day and compared 3 Stop Loss placement strategy:
1. 15 pips away from entry;
2. Outside the Box (If long 1 pip below low of box, If short 1 pip above high of box);
3. Above or below High/Low of previous candle.

The results were quite good but far from spectacular. So I decided to filter the trades.

For each pair, on the Daily and Weekly charts I plotted a 200 period Exponential Moving Average.
The filter was as follows:
- Only took Long trades: when price was above the 200 EMA on both charts;
- Only took Short trades: when price was below the 200 EMA on both charts;
- Long and Short trades were taken when price was above the 200 EMA on on chart and below on the other.

The improvement was spectacular, there was an overall improvement of about 51%.

Included is a word doc. with the results.

Comments would be much appreciated!
Live today as if you will stand before God tomorrow.
  • #545
  • Oct 29, 2007 2:48pm Oct 29, 2007 2:48pm
Quoting Pippy Cent
Hey thats a pretty nice filter. My question to you is how far back in time did you go when backtesting. Thanks
I started the Back test on the first trading day of July - 02/07/2007 and the last day included in the test was 24/10/2007

Thanks for your comment, if you have more questions feel free to ask!
Stay on the PIPest side of life!
  • #546
  • Oct 29, 2007 4:20pm Oct 29, 2007 4:20pm
WOw. it's magic! How does it work? very well.
  • #547
  • Oct 29, 2007 4:26pm Oct 29, 2007 4:26pm
Quoting PIPer
Hi everyone,

Because I had a feeling that this system could work and no one came up with a decent EA, I decided to back-test this strategy by hand.

I tested the pairs, EUR/USD, USD/JPY, AUD/USD, GBP/USD, USD/CAD, EUR/JPY, EUR/CHF, USD/CHF, GBP/JPY and GBP/CHF.

I only tested the first trade of each day and compared 3 Stop Loss placement strategy:
1. 15 pips away from entry;
2. Outside the Box (If long 1 pip below low of box, If short 1 pip above high of box);
3. Above or below High/Low of previous candle.

The results were quite good but far from spectacular. So I decided to filter the trades.

For each pair, on the Daily and Weekly charts I plotted a 200 period Exponential Moving Average.
The filter was as follows:
- Only took Long trades: when price was above the 200 EMA on both charts;
- Only took Short trades: when price was below the 200 EMA on both charts;
- Long and Short trades were taken when price was above the 200 EMA on on chart and below on the other.

The improvement was spectacular, there was an overall improvement of about 51%.

Included is a word doc. with the results.

Comments would be much appreciated!
Great work.
.
  • #548
  • Oct 29, 2007 4:42pm Oct 29, 2007 4:42pm
bravo eagle! il tuo indicatore per qualche lezione di inglese.. che ne dici?
Fuck Forex Factory
  • #549
  • Oct 29, 2007 4:58pm Oct 29, 2007 4:58pm
im sorry, can somebody explain what time i've to write in options???? can it be any?
if native time is 0:58 now.
  • #550
  • Oct 30, 2007 3:05am Oct 30, 2007 3:05am
Hi,
Any one have face the same problem like me?
Original Eagle indicator time is 0600 to 0900 convert to england time is 1100 to 1400.
My MT4 account is North Finance.
But today i never change any setting but i convert to england time is late one hour. mean is 1200 to 1500.
anyone know why? Please advice?
Thanks.
  • #551
  • Oct 30, 2007 4:45am Oct 30, 2007 4:45am
Quoting HLAng
Hi,
Any one have face the same problem like me?
Original Eagle indicator time is 0600 to 0900 convert to england time is 1100 to 1400.
My MT4 account is North Finance.
But today i never change any setting but i convert to england time is late one hour. mean is 1200 to 1500.
anyone know why? Please advice?
Thanks.
Hi,
sorry i make the mistake here.
Not england time. is my local time GMT+8
Normally MT4 0600 to 0900 convert to my local time is +5hour.
But today i find out is +6hour.
Please advice?
  • #552
  • Oct 30, 2007 5:10am Oct 30, 2007 5:10am
Congratulations PIPER, nice work!
What is your main time frames for entries and exits?
I use 1h tf and i can add i see if the price is above or below 200MA on 4h tf too.
  • #553
  • Oct 30, 2007 9:04am Oct 30, 2007 9:04am
Quoting alelualdi
bravo eagle! il tuo indicatore per qualche lezione di inglese.. che ne dici?
perche' mi dici questo?
hai bisogno dell'indicatore?fammi sapere come lo vuoi ,no problem
ciao
  • #554
  • Oct 30, 2007 9:15am Oct 30, 2007 9:15am
Quoting eagle
perche' mi dici questo?
hai bisogno dell'indicatore?fammi sapere come lo vuoi ,no problem
ciao
hai diversi tipi di indicatore eagle? Su che time frame operi? 1h o 4h?
  • #555
  • Oct 30, 2007 9:35am Oct 30, 2007 9:35am
Hi,
Anyone can answer me wat is the actual time(England time) for this indicator? Is it 4.00am to 7.00am england time (GMT0)
  • #556
  • Oct 30, 2007 10:16am Oct 30, 2007 10:16am
Quoting HLAng
Hi,
Anyone can answer me wat is the actual time(England time) for this indicator? Is it 4.00am to 7.00am england time (GMT0)
i think so, cause italy time is GMT+1 (5am 8am)
  • #557
  • Oct 30, 2007 11:44am Oct 30, 2007 11:44am
Quoting PIPer
Hi everyone,

Because I had a feeling that this system could work and no one came up with a decent EA, I decided to back-test this strategy by hand.

I tested the pairs, EUR/USD, USD/JPY, AUD/USD, GBP/USD, USD/CAD, EUR/JPY, EUR/CHF, USD/CHF, GBP/JPY and GBP/CHF.

I only tested the first trade of each day and compared 3 Stop Loss placement strategy:
1. 15 pips away from entry;
2. Outside the Box (If long 1 pip below low of box, If short 1 pip above high of box);
3. Above or below High/Low of previous candle.

The results were quite good but far from spectacular. So I decided to filter the trades.

For each pair, on the Daily and Weekly charts I plotted a 200 period Exponential Moving Average.
The filter was as follows:
- Only took Long trades: when price was above the 200 EMA on both charts;
- Only took Short trades: when price was below the 200 EMA on both charts;
- Long and Short trades were taken when price was above the 200 EMA on on chart and below on the other.

The improvement was spectacular, there was an overall improvement of about 51%.

Included is a word doc. with the results.

Comments would be much appreciated!
Hi Piper
Good work
What's your TP?
  • #558
  • Oct 30, 2007 12:57pm Oct 30, 2007 12:57pm
Quoting darko80
hai diversi tipi di indicatore eagle? Su che time frame operi? 1h o 4h?
SI DARKO80, ne sto' ultimando uno su gbp/ypj ad 1h ,e ancora una strategia da usare alla mezzanotte con una tendenza futura (sapere cioe' se andare long o short...
  • #559
  • Oct 30, 2007 1:24pm Oct 30, 2007 1:24pm
eagle,

what about your 5 pips system?
  • #560
  • Oct 30, 2007 2:44pm Oct 30, 2007 2:44pm
Quoting HazriPro
eagle,

what about your 5 pips system?
Have become 40 pips friend...
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