swingman...
i will do forward test for t EA....
H1.....
WIll it auto open position??
sonic
i will do forward test for t EA....
H1.....
WIll it auto open position??
sonic
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DislikedFor test, i like to put small deposit USD200 and see whether the account get burn or not.
Seems within 3 months >100% return.Ignored
Dislikedi will do forward test for t EA....H1.....
Will it auto open position??Ignored
DislikedHi Ash, I came across this thread just over a week ago. First off I'd like to thank you very much for your insight and system. (I just signed up for the forum Thursday, so I could not post until I got 'Approved' yesterday evening). So, ... Thank you very much!
I've been quite busy over the past week doing some very tedious historical research on your method, manually, on the four major USD pairs as well as on a couple of other pairs. (EUR/USD, USD/CHF, GBP/USD, USD/JPY, USD/CAD, & AUD/CAD) These are my findings for the period starting from the beginning of this year up until the end of March on the 1 Hour charts only. Just remember that with every cloud comes a silver lining.
Data: (Using the 'PipNailer' system as recommended) No human intervention.
Number of 'Nailed' Candles per pair: 12 to 22 (Least being the USD/CHF with 12, most being the EUR/USD and USD/CAD with 22 each.)
Total number of 'Nailed' Candles: 102
Total number of Winners: 44 (Taking profit) :-(
Total number of Losers: 58 (Getting Stopped out before taking profit)
Winning percentage = 43% (This has been pointed out by someone else in a previous post that had also run some tests)
Now don't go away mad everyone, and before everyone starts with the 'yea, ...but' keep reading...
Anyone that spends this much time going over data manually is sure to notice a thing or two. And I have.
Every (or almost every) 'Nailed Candle' in the system has very little to no wick (if you're shorting) or tail (if you're going long). This got my attention and prompted me to research everything that I just did (same pairs and time frame) all over again with a very slight modification of the PipNailer system that Ash was so kind to provide us with. (By the way, if I haven't already done so, ...I know I have, but ...thanks again Ash for sharing your system.) These were the results:
This is the 'silver lining' part!
The Data: ('PipNailer' system with slight modification)
Number of 'Nailed' Candles per pair: 12 to 22 (This hasn't changed)
Total number of 'Nailed' Candles: 102 (Same, of course)
Total number of Winners: 87 (Taking profit) :-)
Total number of Losers: 15 (Getting Stopped out before taking profit)
Winning percentage = 85%
The Modification:
- One has to enter a trade right away (in the proper direction of course) as soon as the candle is 'Nailed'. This of course means that the AO, AC and P-SAR all have to change to the same color at the same time from a different color (as Ash has tried to impress upon us numerous times).
- Do not wait for the candle after the 'Nailed' candle to place your trade.
- Enter the trade with a 30 PIP S/L and a 30 PIP T/P.
- Results will be as noted above. 85% of the time you will be in a profit situation!
The Humanity:
Since Ash was so kind as to share his system with all of us, and hayseed and Flying Fish were kind enough with their EA contributions, as well as Thunderwolf for the P-SAR Color Alert, I thought it only ethically and morally correct to share the findings of my research and modifications.
I was wondering if it would be possible to acquire an EA with the modifications that I have indicated above (being able to adjust the T/P & S/L would be a nice feature)? I'm not much of a programmer and Ash, if you would like to keep your system intact the way it is, I completely understand. That being the case, I would be interested if someone capable of programing an EA could get in touch with me, or refer me to one. (I need some sleep)
Again, Thanks everyone for your contributions. I will continue with my research and testing on other pairs and keep everyone posted. I tend to just stick with the 1 hour charts, as these are the ones I am most comfortable (and successful) with.
GossIgnored
Dislikedhayseed;
Thanks for the info. I was not aware that indicators can change ('repaint') until the candle closes. This sure does make manual backtesting a little less accurate.
Thanks,
GossIgnored
DislikedPipNailer EAtester_v1
I hope you can use this EA to evaluate the PipNailer rules or variants.
It is also possible to use lots optimized.
My Profit Factor results for EURUSD, H1 (aprox. 50 Trades from 2007.07.30):
(Please check also the DrawDown numbers for different parameter settings!)
- Original rules, PF = 1.52
(ATR factors = 1)
- Use Parabolic Stop Loss, PF = 1.52
- Use fix stops for SL= 30 and TP = 30, PF = 1.21
- Use ATR factors for SL and TP, after optimization(!), PF = 1.96
(ATR factors for SL and TP = 2.4)
- The same, with Parabolic Stop Loss, PF = 1.65Ignored
DislikedHey Swingman, thank you once again for your programming.
I hope others can test this EA as well, and let us know of their results.Ignored