Buy: Make first Buy at (last day high) + 5 pips with a take profit of +15 --- lot size = .02 (or 2)
Buy:Make second Buy at (last day high) + 25 pips with a take profit of +15 --- lot size = .01 (or 1)
(the same for Sell)
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in that way you will close the first position and only after it continue another 5 pips (you get a confirmation), you will open a new position
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I make 357.6pips in the last 11 days approx.
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please check it, and let me know what do you think and if i need to change add something...
thanks for your work on this system. I ran a forward test on an Alpari demo account since Jan 08, see the result below. The first frew trades on this account were some other stuff - not all of the initial DD is caused by Daily95pips. I am using the Alpari fall version with the following settings:
You see that I made some typos when entering the expert parameters... The server did not run all the time, so maybe I was lucky with the trades?
Result in $: EURUSD 1087 EURJPY -571
GBPJPY -282
GBPUSD 52
Does this look OK...? EURUSD looks particularly good, is this just luck?
The E/U does perform very well with this method. I backtested a system where I entered at 5 pips above/below for the E/U, G/U and entered at 11% ATR(14) above/below for G/J, E/J. I calculated and entered my trades at midnight eastern. After manually backtesting 2 years of this strategy I had banked 45,000 pips. I went live with this strategy on November 1, 2007 and after two months had profited 3600 pips. I switched to a different broker in January and have yet to be able to reproduce that profit (break even for the year). I plan to continue to trade the E/U as a supplement to my other trading strategies.
thanks for your work on this system. I ran a forward test on an Alpari demo account since Jan 08, see the result below. The first frew trades on this account were some other stuff - not all of the initial DD is caused by Daily95pips. I am using the Alpari fall version with the following settings:
You see that I made some typos when entering the expert parameters... The server did not run all the time, so maybe I was lucky with the trades? Result in $: EURUSD 1087 EURJPY -571 GBPJPY -282 GBPUSD 52
Does this look OK...? EURUSD looks particularly good, is this just luck?
The E/U does perform very well with this method. I backtested a system where I entered at 5 pips above/below for the E/U, G/U and entered at 11% ATR(14) above/below for G/J, E/J. I calculated and entered my trades at midnight eastern. After manually backtesting 2 years of this strategy I had banked 45,000 pips. I went live with this strategy on November 1, 2007 and after two months had profited 3600 pips. I switched to a different broker in January and have yet to be able to reproduce that profit (break even for the year). I plan to continue to trade the E/U as a supplement to my other trading strategies.
Ignored
Hi
what do you mean with
11% ATR(14) above/below for G/J, E/J.
Hi
what do you mean with
11% ATR(14) above/below for G/J, E/J.
and which SL do you use for E/U, G/U ?
Can you send your report?
thanks
Ignored
Unicla:
My entry for the G/J, E/J was not 5 pips off hi/lo but rather 11% ATR(14) off hi/lo. G/J is very volatile, so the ATR is usually 200-300 pips per day. I would take 11% of the ATR(14), add that to the hi, subtract from the low for my entry to ensure a true breakout. For example, G/J ATR(14) is 2.50, so I would enter the market 28 pips above the high, below the low for the day.
Here were my settings for each of the four pairs:
E/U: enter at 5, TP at 15, 30, 50, SL at 25 (trailing stop on 3rd order)
G/U: enter at 5, TP at 15, 30, 50, SL at 30 (trailing stop on 3rd order)
E/J: enter at 11% ATR(14), TP at 15%, 30%, 55% ATR(14), SL at 60 (trailing stop on 3rd order)
G/J: enter at 11% ATR(14), TP at 15%, 30%, 55% ATR(14), SL at 75 (trailing stop on 3rd order)
My entry for the G/J, E/J was not 5 pips off hi/lo but rather 11% ATR(14) off hi/lo.
Bioquim
Ignored
Do you mean ATR of 14 1h bars? This would be just looking one day back. Or do you use 14 days? This might be more stable.
Anyway the question is how the parameters could be adjusted depending on market conditions. ATR certainly seems to be a good idea to cope with different volatilities. Another possibility would be to periodically optimize the parameters for optimum result (using a robust measure). For example you could run an optimization each weekend, finding optimal settings based on the data for the last four weeks and use this setting for the next week.
Ideally we would also know when to apply our system... it works best on a trending market, I think. If there is little movement within a small range, we lose mostly.
Do you mean ATR of 14 1h bars? This would be just looking one day back. Or do you use 14 days? This might be more stable.
Anyway the question is how the parameters could be adjusted depending on market conditions. ATR certainly seems to be a good idea to cope with different volatilities. Another possibility would be to periodically optimize the parameters for optimum result (using a robust measure). For example you could run an optimization each weekend, finding optimal settings based on the data for the last four weeks and use this setting for the next week.
Ideally we would also know when to apply our system... it works best on a trending market, I think. If there is little movement within a small range, we lose mostly.
Ignored
The ATR(14) is 14 days not hours. This strategy does well with trending, but take a look back in the thread to find a D95 Reversal method that is good for ranging markets. I have attached the template I have used for setting up my trades. Update the top left with Highs, Lows & ATR and the entries will be updated.
Please see the table above, it's all in there (SL Update to BE, TP1-3)
I used a 1% risk for the position size in the EA - so $/pips depends on position size used for a particular trade. See the EA for calculation of position size.
In any case, I'd use none of the settings in this thread blindly for real trading. I'd use them as a starting point for a thorough backtest with some kind of robustness figure. I will work on the EURUSD as it behaved quite nicely - but this might change...
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Joined Mar 2008
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Status: finger scares cat, power of illusio
|410 Posts
Hello, Can anyone here explain a little bit about EST, CET and GMT? it seems so many standards, not easy to follow up with.
I have been tracking Hans123 and a few of its varieties. I started the first version called 110K, it seems pretty robust, this one delivers 50% of return since Mar.23rd upto now.
Last week, I checked out Hans123, GaoXing, and Breakout-Trend2. those are variety of Hans123, the results were mixed among these, of course, I understand it is too early to conclude their potentials given less than one week demo trading. I will feedback you my testing result after a reasonable periods.
In doing these demoing, I have a couple of concerns which need to be clarified. since I demo trade what ever was given to me from the forum, so, the demoing seems blindly followed. If could have better visibility as to the reason why those settings were choose, then I guess I/we may have a base to choose set of parameters which we feel comfortable and form our own style. the parameters I am referring to are the SL/TP/BE, as well the start and end sessions. maybe there are no specific reason, but, I think at least there are statistical observation to determine such base.
Sincerely wish some one could put his/her comment to help with a comprehensive understanding of using such system or its similarities.
