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Daily95pips

  • #721
  • Oct 30, 2007 3:54pm Oct 30, 2007 3:54pm
Everyone,

Just a reminder that EST will set clocks back 1 hour this weekend to DST. This will effect the Experts that I have posted with specific time changes for different brokers. You will need to find out how this change will affect your broker server time, if there is any effect at all.

I will post an updated version of the IBFX expert this weekend that will take into account the time change.

Tuttler - You will need to let me know about Alpari so that I can make changes to it as well if needed!

Thanks,

Have a PipFull Day!
  • #722
  • Oct 30, 2007 4:04pm Oct 30, 2007 4:04pm
The following is the order information for IBFX as of 17:00 EST Tuesday

EUR/USD
BuyStop = 1.4448
SellStop = 1.4369

USD/JPY
BuyStop = 115.08
SellStop = 114.32

EUR/JPY
BuyStop = 165.95
SellStop = 164.37

Pips To All!
  • #723
  • Oct 30, 2007 4:06pm Oct 30, 2007 4:06pm
Alpari have EST +5 hours now for this week. So after this weekend all is right again. I now that problem so i let you makeit for EST +6 directly.

// Thommy

Quoting PipHunter196
Everyone,

Just a reminder that EST will set clocks back 1 hour this weekend to DST. This will effect the Experts that I have posted with specific time changes for different brokers. You will need to find out how this change will affect your broker server time, if there is any effect at all.

I will post an updated version of the IBFX expert this weekend that will take into account the time change.

Tuttler - You will need to let me know about Alpari so that I can make changes to it as well if needed!

Thanks,

Have a PipFull Day!
  • #724
  • Oct 30, 2007 4:08pm Oct 30, 2007 4:08pm
Quoting PipHunter196
Hi Ted1983,

Welcome to the forum!

Other pairs are being tested by other thread members, but as of yet I have not seen any results posted. I personally am sticking to the 3 original pairs that Mikelath came up with.

Maybe you could test the CAD an give us some results.

Have a Pipfull Day
Hi Piphunter,

I might give it a try. I was attracted to this kind of breakout trading due to its' "set and forgetiness" and the fact that it can take advantage of any volatility during sleepy time.
Also at the moment I am looking towards incorporating a portfolio of stategies to try and create a smooth equity curve (although this is a long way off) and something like this may definitely find a place in my arsenal.
I believe that this kind of strat will benefit greatly from using a wide variety of non-correlated instruments. Anyone using it on gold,oil etc?

BTW has anyone tried this with a trend filter (eg only long above 50EMA.)
I would love to be able to test this using MT4, alas my shitty computer skills do not extend to modifying an EA let alone writing my own.

Pip Ahoy!
  • #725
  • Oct 30, 2007 4:26pm Oct 30, 2007 4:26pm
Quoting Ted1983

BTW has anyone tried this with a trend filter (eg only long above 50EMA.)
I would love to be able to test this using MT4, alas my shitty computer skills do not extend to modifying an EA let alone writing my own.

Pip Ahoy!
I am not very skilled with programming indicators, and I think it would take away from the original theory of this system. It is strictly based on price action and it works well this way.

Be advised that anyone that has downloaded the Alpari Version that I posted will notice that the orders are not going in at the correct time. It was made with the changes for DST and will not act correctly until Sunday night. You can change the DayStartHour to 22 for the rest of this week and it will act correctly.

Have a PipFull Day!
  • #726
  • Oct 30, 2007 5:05pm Oct 30, 2007 5:05pm
Daily 95pips:

Date: Monday 29 October 2007:
EURJPY +15
USDJPY +15
EURUSD -90

Total: -60pips

Comment: The EA worked well in calculating orders for all charts it is attached to. Here's hoping the efficiency continues.
Looking forward to some strong trends to see how the trailing stop works.

Date: Tuesday 30 October 2007:
EURJPY +45
USDJPY nt
EURUSD nt

Total: +45pips

Comment: A very slow session. EURJPY came very close to triggering the short orders before price proceeded to trigger the long orders instead. Any positive result is fine by me.
  • #727
  • Oct 30, 2007 5:16pm Oct 30, 2007 5:16pm
Hi PipHunter.

It's refreshing to see someone else besides myself post their results in an orderly fashion. The fact that you are posting results from an IBFX account will help to illustrate that results (once time settings are in sync) from the exact same EA can vary between brokers. Monday was a good example of this where you got +15pips on EU and I got -90pips in North Finance.

I've been testing EJ, UJ and EU in North Finance and EU,GU,UC,UJ,EJ,GJ and AU in ODL and I often see varied results between EJ, UJ and EU in both accounts.

Thanks for the contribution of altering the EA to suit IBFX as this will allow greater participation. I might give it a try myself.

mike




Quoting PipHunter196
Here are the IBFX results for today:

EUR/USD = No Trades Activated

USD/JPY = No Trades Activated

EUR/JPY = BuyStops activated
Order #1 = +15 Pips
Order #2 = +30 Pips
Order #3 = Broke Even

Total: +45 Pips / +$39.16

Total For Week: +90 Pips / +$80.36

Please Note that I run the expert with set lots of .10 on a standard account for test purposes. I also run a separate expert for each pair with the EAMagicNo changed for each pair. This is just my way of doing it. It is a very complicated expert and some have stated that it is not opening the correct amount of pending orders while using the same expert on all pairs at the same time.
  • #728
  • Oct 30, 2007 6:15pm Oct 30, 2007 6:15pm
[quote=mikelath;1689043]Hi PipHunter.
I've been testing EJ, UJ and EU in North Finance and EU,GU,UC,UJ,EJ,GJ and AU in ODL and I often see varied results between EJ, UJ and EU in both accounts.

ooops...I just noticed that these 2 brokers are 2 hrs apart......thus the varied results because the EA calculates the orders at different times....in this case...price still can vary between brokers...

mike
  • #729
  • Oct 30, 2007 6:54pm Oct 30, 2007 6:54pm
mikelath, first i would like to thanks you for show your system here.

i don't want to criticise (really not) but did you know about the hans123 system and his big drawdown? you took it in consideration?

i don't want to criticise him too. i only want to know if you took it in consideration when created the system and if you backtested it at the same period that hans had the big dd.

thanks and sorry, my english is very bad.
  • #730
  • Oct 30, 2007 7:28pm Oct 30, 2007 7:28pm
Hi giraia.

No, I'm not familiar with the hans123 system....I've tried to do a search for it to no avail...if you can provide a link to the post that describes the strategy I can take a look at it....

If the hans123 system also uses multiple profit targets and moves stops to BE after profit targets are reached and STILL experienced a large drawdown then I will be cautious of this occuring with the D95P strategy.

mike

Quoting giraia_br
mikelath, first i would like to thanks you for show your system here.

i don't want to criticise (really not) but did you know about the hans123 system and his big drawdown? you took it in consideration?

i don't want to criticise him too. i only want to know if you took it in consideration when created the system and if you backtested it at the same period that hans had the big dd.

thanks and sorry, my english is very bad.
  • #731
  • Oct 30, 2007 7:29pm Oct 30, 2007 7:29pm
Hi all,

I just ran the IBFX EA on the strategy tester (on an IB acccount) and it is showing a -ve curve. Now I know that the tester is notoriuosly unreliable but I thought that the simplicity of this system would not compromise the test results, and therefore the modelling quality need not be so high. Could I have the settings wrong or is the MT4 tester really such a useless piece of junk?
  • #732
  • Oct 30, 2007 7:44pm Oct 30, 2007 7:44pm
Quoting mikelath
Hi giraia.

No, I'm not familiar with the hans123 system....I've tried to do a search for it to no avail...if you can provide a link to the post that describes the strategy I can take a look at it....

If the hans123 system also uses multiple profit targets and moves stops to BE after profit targets are reached and STILL experienced a large drawdown then I will be cautious of this occuring with the D95P strategy.

mike
here is his site
http://www.myfxreport.com/hans123.htm

and the results
http://myfxreport.com/downloads/Hans_Indrionas.xls

hope this help
  • #733
  • Oct 30, 2007 7:48pm Oct 30, 2007 7:48pm
Quoting Ted1983
Hi all,

I just ran the IBFX EA on the strategy tester (on an IB acccount) and it is showing a -ve curve. Now I know that the tester is notoriuosly unreliable but I thought that the simplicity of this system would not compromise the test results, and therefore the modelling quality need not be so high. Could I have the settings wrong or is the MT4 tester really such a useless piece of junk?
Backtesting in MT4 for this system will not work for a few different reasons:

1) The time changes that go on during the year will change the calculations.

2) The only way to truely backtest a system in MT4 is to import tick data and use it on a 1M chart. In order to do this the EA would need to be rewritten to account for using a 1M chart. The tick modeling that is used by MT4 on the 1 hour charts that you get is from 1M data and the program basically guesses how the ticks went within the 1H bar and 1M bar based on the smaller time frames. The key to this is that MT4 GUESSES/MODELS the ticks. This is why the backtester is not trustworthy the way it is currently used by most people.

Hope this helps!
  • #734
  • Oct 30, 2007 7:55pm Oct 30, 2007 7:55pm
Quoting giraia_br
here is his site
http://www.myfxreport.com/hans123.htm

and the results
http://myfxreport.com/downloads/Hans_Indrionas.xls

hope this help
It needs to be stated that there are a lot of differences between this system and the hans123 system. I have also noticed that hans123 has been reading this thread as well.

I used to follow the hans123 system quite closely and I believe that the way this system is structured will save on the big draw-downs. IMHO
  • #735
  • Oct 30, 2007 8:12pm Oct 30, 2007 8:12pm
Quoting PipHunter196
It needs to be stated that there are a lot of differences between this system and the hans123 system. I have also noticed that hans123 has been reading this thread as well.

I used to follow the hans123 system quite closely and I believe that the way this system is structured will save on the big draw-downs. IMHO
yes, he is reading. i saw it a few minutes.

i will read the results again but i don't know exactally what happened to his account. i think there is only the results in pips. i don't know what was his mm too.
  • #736
  • Oct 30, 2007 8:13pm Oct 30, 2007 8:13pm
Thanks for links giraia.

Hmmm...yes, the strategy is similar in that the setup is the same (5pips above and below the high and low) however the stops and profit targets are different, and multiple profit targets are not used by hans123. D95P moves stops to BE after the 1st PT has been reached, thus locking in partial profits...hans123 system moves stops to BE after price has moved somewhat (according to the pair) however it's still possible that the trades will stopout without ANY profits. Both strategies have the potential of stopping out for a loss....

Regarding:
If a certain position is taken and price turns against you and it breaks the other side of the breakout channel then turn. If the breakout channel is broader then the stoploss first the stoploss will be hit. If the breakout channel is narrower then the stoploss then hitting the other side means that you have to turn your position. There is only one turn per time frame possible. This rule is a result of all previous rules. You can skip this rule if you want.

I'd definitely be inclined to skip this rule and would not be surprised if this was the cause of the large drawdown. I don't see the point in trying to 'chase' price. If price movement triggers the orders and reaches profit targets that's very good...if it doesn't I'm happy to move on and wait for the next day.

Another consideration that comes to mind is the pairs chosen. One of the objectives with the D95P thread is to shortlist the best performing pairs with the parameters of this strategy. Surprisingly, of the 2 pairs suggested for hans123 GBPUSD hasn't made the D95P shortlist....however EURUSD has.

At the end of the day I see the only mildly accurate similarity being the initial setup ( 5pips above and below the high and low).

That being said, any mechanical system is always subject to performing better of worse depending on market conditions and I thank you for bringing this to my attention.

rgs
mike

Quoting giraia_br
here is his site
http://www.myfxreport.com/hans123.htm

and the results
http://myfxreport.com/downloads/Hans_Indrionas.xls

hope this help
  • #737
  • Oct 30, 2007 8:27pm Oct 30, 2007 8:27pm
Quoting PipHunter196
Backtesting in MT4 for this system will not work for a few different reasons:

1) The time changes that go on during the year will change the calculations.

2) The only way to truely backtest a system in MT4 is to import tick data and use it on a 1M chart. In order to do this the EA would need to be rewritten to account for using a 1M chart. The tick modeling that is used by MT4 on the 1 hour charts that you get is from 1M data and the program basically guesses how the ticks went within the 1H bar and 1M bar based on the smaller time frames. The key to this is that MT4 GUESSES/MODELS the ticks. This is why the backtester is not trustworthy the way it is currently used by most people.

Hope this helps!
I see,

I did try it with M1 data which stated 90% modelling quality.Would the MT4 period converter be up to the job?
  • #738
  • Edited Oct 31, 2007 3:38am Oct 30, 2007 10:46pm | Edited Oct 31, 2007 3:38am
I am going to state this again just so everyone gets the same clear picture:

YOU CANNOT BACK TEST THIS SYSTEM WITH THIS EXPERT!!!

If you run this expert in the backtester on a 1M chart it will only look back 17 minutes before it is suppose to place the orders! This is why it will not work. No matter what chart you run this expert on it will only look back 17 periods (or in other words, bars) prior to placing the pending orders for the day. If you run it on a 1H chart the tick modeling is not accurate, no matter what the modeling quality is. So please do yourself a favor and stop trying.

In regards to the period converter for MT4, it is designed to make larger period bars from smaller period ones. Example, 1H bars from 30M or 30M from 1M.

Over the weekend I will try to make some adjustments to the expert and make one for testing purposes only.

Hope This Helps!
  • #739
  • Oct 31, 2007 4:44am Oct 31, 2007 4:44am
hello

I will use USDJPY as an example

I use default settings, the pending buy stop order has been set at a very high price (118.01) which is rejected to place this order.

Secondly, I have done sell short on 114.62 (cut loss finally). But my friend didn't have this orders done.
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  • #740
  • Oct 31, 2007 4:52am Oct 31, 2007 4:52am
AS per Mike said pending orders will be placed at EST 5PM, can anyone help me what is that time in GMT? Since I am using IBFX and they at at GMT = 0.


Thanks very much
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