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Scalping the EUR/GBP effectively - Forturama

  • #141
  • Oct 15, 2008 4:11pm Oct 15, 2008 4:11pm
thanks for your info and tests,

so for 5/13 you have 80% hit rate, what else are you expecting, man?

but in fact, 1 loss kills 3 win, so u end up with 1 win of 5 pips. right?

no, it's wrong. coz 1 day doesn't count, 1 week doesn't count, but 1 month or 1 year is better.

my experience, 10+ tp with 20+ sl is better, according to my backtests.


Quoting Archie
Hi,

Last night this was the results:

TP 5 SL 13 4 winning trades, 1 loss
TP 10 SL 10 3 winning trades, 3 losses
TP 10 SL 13 2 winning trades, 4 losses
TP 9 SL 18 1 winning trade 2 losses
  • #142
  • Oct 16, 2008 1:35am Oct 16, 2008 1:35am
Well, the hit rate won't be 80 % if I'm not wrong, since settings and market movement are two different things, but you are right when it comes to sl and tp. 5/13 seems good, and higher sl seems better than a lower one, but I am forward testing different settings just to see if there can be optimal settings.

When it comes to results from this last night, well, what can I say, on my IBFX demo accounts there was a total chaos. The original settings produced 7 winning trades and 7 losing ones, so overall it was a huge loss. I don't know why this happened. No trades were taken at the same time, but with a couple of minutes in between. The problem could be that IBFX resets the demo server every day at 6 EST. I have seen problems with multiple orders before when they were resetting the server.

Quoting charvo
thanks for your info and tests,

so for 5/13 you have 80% hit rate, what else are you expecting, man?

but in fact, 1 loss kills 3 win, so u end up with 1 win of 5 pips. right?

no, it's wrong. coz 1 day doesn't count, 1 week doesn't count, but 1 month or 1 year is better.

my experience, 10+ tp with 20+ sl is better, according to my backtests.
  • #143
  • Oct 16, 2008 3:28am Oct 16, 2008 3:28am
Too short TP.

2 wins are just enough to cover 1 loss.
Attached Image (click to enlarge)
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  • #144
  • Oct 16, 2008 1:38pm Oct 16, 2008 1:38pm
Just to make sure: On your blog you are writing about a strategy with res/sup of a special time frame. I thought this one here is about RSI? I'm also using RSI_PRINCE for demo trading.
  • #145
  • Oct 16, 2008 1:43pm Oct 16, 2008 1:43pm
The blog is just for aditional info.

If you trade manually sup and res should be useful.

Quoting mfk
Just to make sure: On your blog you are writing about a strategy with res/sup of a special time frame. I thought this one here is about RSI? I'm also using RSI_PRINCE for demo trading.
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  • #146
  • Oct 17, 2008 3:02am Oct 17, 2008 3:02am
Tonight I used TP=20 SL=20.

Two good shorts.

I noticed that the EA has a BUG: apparently it does not open order at the StartTime but StartTime+1 .

There was a signal at 21h00 and I had to open the order manually.

The last order was opened too late but I decided let it run.

Good choice.
Attached Image (click to enlarge)
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  • #147
  • Oct 20, 2008 9:10am Oct 20, 2008 9:10am
Hi,

These are the results from last night, profits from all tested settings


TP 5 SL 13 1 winning trade
TP 10 SL 10 1 winning trade
TP 10 SL 13 1 winning trade
TP 5 SL 10 1 winning trade
  • #148
  • Oct 21, 2008 2:46am Oct 21, 2008 2:46am
S**t!

SL = 15
TP = 15
Attached Image (click to enlarge)
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  • #149
  • Oct 21, 2008 3:22am Oct 21, 2008 3:22am
Oxford,

Yes, I am Brazilian!

I your account does not allow private messages.

My mail is [email protected]
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  • #150
  • Oct 22, 2008 4:54pm Oct 22, 2008 4:54pm
Hi Forturama,

do you know when an updated version of the EA will come where the rebuy after loss problem is solved?


Regards

Michael
  • #151
  • Oct 28, 2008 10:03am Oct 28, 2008 10:03am
Hi, Fortu,

I have some doubts now:

1. you've done a lot of backtesting when you started this thread, what is the "model quality"? I guess the lower quality, the better performance? if so, then the profitability of this system is in question. On the other hand, my living test so far is not promising.

2. i guess this system need some assistance on multiple time frame filter. e.g. a 1-hour momentum/ATR to filter strong trends.

3. usdcad is better than eurgbp.
  • #152
  • Nov 2, 2008 8:40pm Nov 2, 2008 8:40pm
I didn't find a good broker where I can use EA. I want use TP of 5pips but most of brokers minimum is 10pips

please let me know if know solution to that problem.
  • #153
  • Nov 22, 2008 7:34am Nov 22, 2008 7:34am
Hi,

I agree with you this is not scalping.

I told that some posts ago.

The original idea was TP=5 SL = 15, and I think this would be scalping.


Could you share your strategy, il seems very interesting.

TP = 1 is really true scalping!


Thank you.
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  • #154
  • Nov 22, 2008 1:23pm Nov 22, 2008 1:23pm
Hi Charvo,

I have 90% of quality.

But I do not have tick by tick data. The result is not the same as if it was tested on forwardtest.

Quoting charvo
Hi, Fortu,

I have some doubts now:

1. you've done a lot of backtesting when you started this thread, what is the "model quality"? I guess the lower quality, the better performance? if so, then the profitability of this system is in question. On the other hand, my living test so far is not promising.

2. i guess this system need some assistance on multiple time frame filter. e.g. a 1-hour momentum/ATR to filter strong trends.

3. usdcad is better than eurgbp.
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  • #155
  • Jan 23, 2010 8:23am Jan 23, 2010 8:23am
hello,
I wanted you ask whether one can add a trailing stop to the rsi_prince or to have the code mq4

thank you
  • #156
  • Jan 24, 2010 6:23am Jan 24, 2010 6:23am
I see that the 'if only' problem is creeping into this system, I used to do it all the time, I'd start off with something simple then would had to add something e.g. only trade the signals after one more confirmation, then that keeps you out of too many winners, then it's only one more indicator, then it's a but only if the MA 1 is over MA 2 etc etc. - ending up in a vicious circle.
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  • #157
  • Feb 16, 2012 12:17am Feb 16, 2012 12:17am
Quoting Forturama
Hi Charvo,

I have 90% of quality.

But I do not have tick by tick data. The result is not the same as if it was tested on forwardtest.
hai forturama,do you still trading with this system anyway?
  • #158
  • Sep 8, 2013 7:45am Sep 8, 2013 7:45am
Quoting Alex2222
hi We can see an ab=cd harmonic pattern in the H4 TF. We’ll be having a bullish expectation if the condition favors towards bulls side. http://pcm-fx.com/englishforum/forum.php {image}
I share and agree on the same analysis for,
EURGBP
EURAUD
EURNZD
EURCAD
  • #159
  • Last Post: Oct 25, 2013 4:31am Oct 25, 2013 4:31am

  1. Forturama | CAN I HAVE THE EXPERT YOU DID ON EURGBP THAT WORKS ON 5 DIDGITS PLZ TKS

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