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Easy daily system

  • #1
  • First Post: Mar 25, 2008 6:48pm Mar 25, 2008 6:48pm
Figured I would give back a little. Maybe someone can make this better. There is not much to the ea, I did it with Expert Adviser Builder. On the report below (eur/usd from 2007.01.01 til present) the results were with no tp or sl. The ea enters and exits based on stochs. Works well on most pairs with daily timeframe (better with higher volatility pairs, gpy/jpy from 2006 til now turns out over %400). Ones like eur/chf it still turns a profit, but the curve gets a little more choppy. If you optimize tp and sl sometimes it will turn better results, but not always. If tp and sl were to be used with this, I think they should be based on ATR, not optimized values. Hopefully I uploaded this stuff correctly. Feel free to ask any questions. Oh yeah, I don't trade this. 2 to 3 trades a month is too boring. Well, I may down the road in an account I can just forget about. If I recall correctly, it doesn't do as well in 2004 and 05 due to different market conditions. I have optimized tp and sl during those times and can make it much better but I am not a big believer in optimizing. Would rather base targets off price action. Peace.
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File Type: mq4 daily stoch_3.mq4   10 KB | 1,166 downloads
  • #2
  • Mar 25, 2008 7:29pm Mar 25, 2008 7:29pm
not enough.
test about 200 trades, then we'll talk...
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  • #3
  • Mar 25, 2008 8:04pm Mar 25, 2008 8:04pm
How about 919? Does that work for you?
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  • #4
  • Mar 25, 2008 9:26pm Mar 25, 2008 9:26pm
Quoting Lonestar
Figured I would give back a little. Maybe someone can make this better. There is not much to the ea, I did it with Expert Adviser Builder. On the report below (eur/usd from 2007.01.01 til present) the results were with no tp or sl. The ea enters and exits based on stochs. Works well on most pairs with daily timeframe (better with higher volatility pairs, gpy/jpy from 2006 til now turns out over %400). Ones like eur/chf it still turns a profit, but the curve gets a little more choppy. If you optimize tp and sl sometimes it will turn better results, but not always. If tp and sl were to be used with this, I think they should be based on ATR, not optimized values. Hopefully I uploaded this stuff correctly. Feel free to ask any questions. Oh yeah, I don't trade this. 2 to 3 trades a month is too boring. Well, I may down the road in an account I can just forget about. If I recall correctly, it doesn't do as well in 2004 and 05 due to different market conditions. I have optimized tp and sl during those times and can make it much better but I am not a big believer in optimizing. Would rather base targets off price action. Peace.

Please explain the working of the EA for those who might want to trade it manually. Thanks
  • #5
  • Mar 25, 2008 9:43pm Mar 25, 2008 9:43pm
Quoting Lonestar
How about 919? Does that work for you?
Is that 919 trades based on the 1-hour timeframe I see?

I got a system that does well over the last 3 months or so, too. It's called short the dollar. It works on EUR/USD, too. Sorry if I sound skeptic, but you need more proof in your pudding, so to speak.
  • #6
  • Mar 25, 2008 10:13pm Mar 25, 2008 10:13pm
Quoting Lonestar
How about 919? Does that work for you?
Yes, that's good.
But it only made 6,000 or so pips(on a daily chart, and open prices, what is that? like 20 years of backtesting?), or like a year? I am hoping it's less than a year of backtesting But, if it is something else, we can always just steak the settings...
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  • #7
  • Last Post: Apr 6, 2008 8:42pm Apr 6, 2008 8:42pm
Hi,

Can you post some of your chart, triggering selling or buying ?

Quoting Lonestar
Figured I would give back a little. Maybe someone can make this better. There is not much to the ea, I did it with Expert Adviser Builder. On the report below (eur/usd from 2007.01.01 til present) the results were with no tp or sl. The ea enters and exits based on stochs. Works well on most pairs with daily timeframe (better with higher volatility pairs, gpy/jpy from 2006 til now turns out over %400). Ones like eur/chf it still turns a profit, but the curve gets a little more choppy. If you optimize tp and sl sometimes it will turn better results, but not always. If tp and sl were to be used with this, I think they should be based on ATR, not optimized values. Hopefully I uploaded this stuff correctly. Feel free to ask any questions. Oh yeah, I don't trade this. 2 to 3 trades a month is too boring. Well, I may down the road in an account I can just forget about. If I recall correctly, it doesn't do as well in 2004 and 05 due to different market conditions. I have optimized tp and sl during those times and can make it much better but I am not a big believer in optimizing. Would rather base targets off price action. Peace.
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