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Attachments: Sterling Challenge 1
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Sterling Challenge 1

  • #1
  • First Post: Edited Nov 20, 2008 10:57pm Nov 9, 2008 8:39am | Edited Nov 20, 2008 10:57pm
UPDATE file:

some parameters you can set at inputs.

Hi to all 4H 5EMA thread fans,

To make FF more fun, I have take Sterling challenge.

I like creativity and create a lot of EAs. Making EAs become like hobby now.

For Sterling Challenge 1, the system I put here is very simple:
I've done with backtest but not yet with forward test.


Results as attached.

Starting from next Monday, I will try it by forward test(live demo).
If it works as profitable, as agreed with Sterling, we will start count by another week or week after.

Below is the system rules:

1)Open GU with TF M15
2)Set RSI(4) Close, level 75 and level 25

3)BUY : when forming of new bar with RSI value less than 25
4)SELL: when forming of new bar with RSI value more than 75
5)Only One trade per bar.

6)EXIT whenever overall total trades in profit and more than 10pips.
7)When EXIT condition reach, CloseAll trades. (that's why I have to use EAs to manage for the closing).

That's it.

You can manually try this or I will attached the EA here.
Attached Image (click to enlarge)
Click to Enlarge Name: sterlingchallenge1.GIF Size: 33 KB
Attached File(s)
File Type: ex4 sterling_challenge_rsi_update2.ex4   9 KB | 1,244 downloads | Uploaded Nov 20, 2008 10:57pm
  • #2
  • Nov 9, 2008 8:57am Nov 9, 2008 8:57am
its look like Genius Idea
i like creativity
Never sell @ lower upward channel unless breacked and vise versa .
  • #3
  • Nov 9, 2008 9:47am Nov 9, 2008 9:47am
Hello Akukaya,

Would you be kind enough to post the ea maybe a demo version only so the rest of us can try it out and see how it works?

Regards,
Jeff

Quoting akukaya
Hi to all 4H 5EMA thread fans,

To make FF more fun, I have take Sterling challenge.

I like creativity and create a lot of EAs. Making EAs become like hobby now.

For Sterling Challenge 1, the system I put here is very simple:
I've done with backtest but not yet with forward test.

Results as attached.

Starting from next Monday, I will try it by forward test(live demo).
If it works as profitable, as agreed with Sterling, we will start count by another week or week after.

Below is the system rules:

1)Open GU with TF M15
2)Set RSI(4) Close, level 75 and level 25

3)BUY : when forming of new bar with RSI value less than 25
4)SELL: when forming of new bar with RSI value more than 75
5)Only...
  • #4
  • Edited 10:59am Nov 9, 2008 10:46am | Edited 10:59am
Quoting akukaya
Hi to all 4H 5EMA thread fans,

To make FF more fun, I have take Sterling challenge.

I like creativity and create a lot of EAs. Making EAs become like hobby now.

For Sterling Challenge 1, the system I put here is very simple:
I've done with backtest but not yet with forward test.

Results as attached.

Starting from next Monday, I will try it by forward test(live demo).

If it works as profitable, as agreed with Sterling, we will start count by another week or week after.

Below is the system rules:

1)Open GU with TF M15
2)Set RSI(4) Close, level 75 and level 25

3)BUY : when forming of new bar with RSI value less than 25
4)SELL: when forming of new bar with RSI value more than 75
5)Only...
Is it correct to say that if RSI stays above 75 (for short trades) and 10 bars are formed, you open 10 trades at the open of each 15 minute bar?

Also exit rules are not clear, is it 10 pips or what??
Do you have any stops?
Regards
  • #5
  • Nov 9, 2008 1:04pm Nov 9, 2008 1:04pm
would love to test. Gonna try manually and if u post ea i'll test that too. Thanks for the idea
  • #6
  • Nov 9, 2008 2:18pm Nov 9, 2008 2:18pm
according to the rules there will be some buy trades on 10/6 which didn't closed for a profit and are down now roughly 2000 pips
  • #7
  • Nov 9, 2008 2:30pm Nov 9, 2008 2:30pm
Quoting ziko123
according to the rules there will be some buy trades on 10/6 which didn't closed for a profit and are down now roughly 2000 pips
if i understand right. it isn't that you close each trade once in profit. you close the "cluster of trades" once in profit.

so an individual trade may not be in profit but still gets closed out because the other trades are outweighing it.
  • #8
  • Nov 9, 2008 2:52pm Nov 9, 2008 2:52pm
How do you control the risk in this system? Is by using an aggregate 1000 pip stop loss as show in your back test results?
  • #9
  • Nov 9, 2008 2:58pm Nov 9, 2008 2:58pm
Quoting jtmoore007
if i understand right. it isn't that you close each trade once in profit. you close the "cluster of trades" once in profit.

so an individual trade may not be in profit but still gets closed out because the other trades are outweighing it.

this cluster of trades was never in profit, price kept moving down 2000 pips straight
  • #10
  • Nov 9, 2008 4:23pm Nov 9, 2008 4:23pm
Did you test at least fom 01/01/08?
I've made EA by your rules and the fact is that it works fine untill strong trend. Then margin call.


Quoting akukaya
Hi to all 4H 5EMA thread fans,

To make FF more fun, I have take Sterling challenge.

I like creativity and create a lot of EAs. Making EAs become like hobby now.

For Sterling Challenge 1, the system I put here is very simple:
I've done with backtest but not yet with forward test.

Results as attached.

Starting from next Monday, I will try it by forward test(live demo).
If it works as profitable, as agreed with Sterling, we will start count by another week or week after.

Below is the system rules:

1)Open GU with TF M15
2)Set RSI(4) Close, level 75 and level 25

3)BUY : when forming of new bar with RSI value less than 25
4)SELL: when forming of new bar with RSI...
  • #11
  • Nov 9, 2008 4:57pm Nov 9, 2008 4:57pm
Hi Akukaya,
Your method sounds great and may well be very profitable! Many thanks for sharing your ideas.
Although I don't know if this method will qualify to be a challenger to the 4H5EMA , It seems one would be required to stare at the screen constantly to catch trades on M15 or use an EA which is not ideally what the 4H5EMA was all about. His rules are on post 125 of the 4H5EMA thread, the main idea of sterlings is that you only have to check the chart every 4 Hours and set a pending order in advance before the price gets there.
Not to take away from yours though if it works than it works! Will test.

Regards, Paul
  • #12
  • Nov 9, 2008 6:28pm Nov 9, 2008 6:28pm
Quoting WedWed
its look like Genius Idea
i like creativity
Yup, it is interesting.
Let's see how it goes with live demo.
  • #13
  • Nov 9, 2008 6:29pm Nov 9, 2008 6:29pm
Quoting azjeff
Hello Akukaya,

Would you be kind enough to post the ea maybe a demo version only so the rest of us can try it out and see how it works?

Regards,
Jeff
Hi Jeff, I am at work place now, tonight I will post the EA.
  • #14
  • Nov 9, 2008 6:31pm Nov 9, 2008 6:31pm
Quoting howard
Is it correct to say that if RSI stays above 75 (for short trades) and 10 bars are formed, you open 10 trades at the open of each 15 minute bar?

Also exit rules are not clear, is it 10 pips or what??
Do you have any stops?
At this moment no stop creation. Only a CloseAll idea. But I can think some ideas for best stop or filter but not yet try it in the EA. Let's see whether I can develop them in the EA soon..
  • #15
  • Nov 9, 2008 6:32pm Nov 9, 2008 6:32pm
Quoting viperzz
Hi Akukaya,
Your method sounds great and may well be very profitable! Many thanks for sharing your ideas.
Although I don't know if this method will qualify to be a challenger to the 4H5EMA , It seems one would be required to stare at the screen constantly to catch trades on M15 or use an EA which is not ideally what the 4H5EMA was all about. His rules are on post 125 of the 4H5EMA thread, the main idea of sterlings is that you only have to check the chart every 4 Hours and set a pending order in advance before the price gets there.
Not to take away from yours though if it works than it works! Will test.

Regards, Paul

viperzz you are right... I do not know if sterling said any thing about a m15 chart, i know that there is no EA's. It has to be a mechanical system that a newbie is going to be able to trade with no problem after reading the rules. So if you are using a ea there is no way that sterling is going to take the challenge if you use one. It also has to have hard rules that any one can read. I hope this helps you with the challenge.
  • #16
  • Nov 9, 2008 6:34pm Nov 9, 2008 6:34pm
Quoting jtmoore007
if i understand right. it isn't that you close each trade once in profit. you close the "cluster of trades" once in profit.

so an individual trade may not be in profit but still gets closed out because the other trades are outweighing it.
Actually I have a selection whether it stays with one lot size=0.1 or can make it with martingale kind of option. Not yet really try them but the results I attached is with 0.1 lots.
  • #17
  • Nov 9, 2008 6:39pm Nov 9, 2008 6:39pm
Quoting Dezil
Did you test at least fom 01/01/08?
I've made EA by your rules and the fact is that it works fine untill strong trend. Then margin call.
My backtest with 90% modelling data shows each months in profit about 1000 to 2000 pips. Each trades 0.1 lots. My quick test only hit margin call in month of august08. The rest is profitable. Now I am trying to put some filter as the intial rules is too simple for an EA.

For those who can make an EA, try the simple idea first..
I've more profitable ideas but not yet manage the time to make them.
  • #18
  • Nov 9, 2008 6:46pm Nov 9, 2008 6:46pm
Quoting ziko123
this cluster of trades was never in profit, price kept moving down 2000 pips straight
Thank you for feedback your finding. It help me to think of kind of filter.

I will try to limit the margin call trades taken by putting additional simple filter idea. Still stick with earlier rules but add below rules

1) For BUY, bar previous must ClosePrice less than Open Price. This will only take trades for lower low.

2) For SELL, bar previous must ClosePrice higher than Open Price.
This will only take trades for higher high.

I will try it when I am back home tonight.
  • #19
  • Nov 9, 2008 6:53pm Nov 9, 2008 6:53pm
Quoting viperzz
Hi Akukaya,
Your method sounds great and may well be very profitable! Many thanks for sharing your ideas.
Although I don't know if this method will qualify to be a challenger to the 4H5EMA , It seems one would be required to stare at the screen constantly to catch trades on M15 or use an EA which is not ideally what the 4H5EMA was all about. His rules are on post 125 of the 4H5EMA thread, the main idea of sterlings is that you only have to check the chart every 4 Hours and set a pending order in advance before the price gets there.
Not to take away from yours though if it works than it works! Will test.

Regards, Paul
Hi Paul,

Good feedaback. May be best if I can compare with 4H5EMA EA too. Sterling said the EA will be ready ~2 weeks.

Perhaps I got time and I can make 4H5EMA Ea by my own. But I really dont read the rules in details yet. What I saw earlier is sterling feedback his profit in Sept is ~900+pips. In average ~500pips monthly. If this is right, I just need to make system with average ~1000pips per month.
  • #20
  • Nov 9, 2008 8:13pm Nov 9, 2008 8:13pm
Correct me if i am wrong but we should have put in 12 sells tonight right? The RSI has been above the 75 level sents the open of today.

p.s thanks for the system i am looking forward to testing it.
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