PipStalker EA

WTF? what's happened to all the posts?

At 90% MQ it was a bigtime loser.

30 minute bar, EUR/USD made 100% in 8 months at 90% MQ.....

I have 1 minute data for EUR/USD back to 2001, but the strategy tester ignores it! If you'd like to test this EA, here's the code.... let me know how it does:

//PIPSTALKER EA by tdion
int ticket;
int start()
{
if(OrdersTotal()==0)
if(Open[24] < (Open[48] - Point*50))
if(Open[0] > (Open[24] + Point*25))
{
ticket=OrderSend(Symbol(),OP_BUY,1,Ask,3,Ask-50*Point,Ask+70*Point,NULL,0,0,Green);
}
if(OrdersTotal()==0)
if(Open[24] > (Open[48] + Point*50))
if(Open[0] < (Open[24] - Point*25))
{
ticket=OrderSend(Symbol(),OP_SELL,1,Bid,3,Bid+50*Point,Ask-70*Point,NULL,0,0,Red);
}
return(0);
}

Report attached....

Timeframe 4/13/04 - 11/10/05

My 1 minute data gaps after 11/10/05 to the present. nvwine and anyone else, backtest away!

This strategy might be more profitable with a trailing stop. Right now TP is 130.

Anyone wanting to contribute is encouraged.


The method:
If an hour bar is greater than 60 pips, open both a long and short.
TP for both is 130, SL for both 30.

The EA

Test is on the Euro/Dollar.

I'd like to test this on some more pairs.... definitely GBP/USD.

I'll need to edit the parameters because it's all hard-coded.

This EA is a deffinate improvement over your last attempts. It may not quite be there but you are getting some profitable years. I'm sure you could get rid of the holes in your data. Have you tried deleting the 1 min data in the history center and then downloading new data?

Here are some backtests. They are all 60 min except the two that are marked 15 minute. I thought you might want to look at the 15 min results. They seemed to do better during some time frames. I did one test for the 4/13/04 - 11/10/05. This perriod did a better on 1 hour charts as you intended. 2006 was a bad year for 1 hr data in my test. You can look through the tests. I'm using a MT4 platform with MetaQuotes as the broker for my backtesting. You can look at different time periods in the zip file.

Remember the value of all MT4 backtesting is open to debate.

nvwine this EA holds it ground better in 2006 than the last one....

I'd like to hear backtests about 2003, because I can't see it.

Thank you.

nvwine this one appears a little bit stronger than the last one.

just a simple advice, start giving your EA version #. It will make things much easier for everyone

EUR/USD

90% modeling quality

07/01/04 - 03/05/07

Settings TP 150, SL 50, Trigger 50

Attached EA is configured for EUR/USD, but external variables let you modify trigger, TP, and SL for other pairs.

An entry occurs after an hour bar's distance from open to close is greater than the trigger value.

For example, the EUR/USD trigger is 50... so a position is opened after every hour candle that is greater than 50.

A long and a short are both opened at the same time. The TP (take profit) and SL (stop loss) are identical for both positions.

The reason this EA makes money is that it catches continuations or severe corrections.

Winning trade: 1 position is stopped out (-50 pips) and 1 takes profit (+150 pips), net +100 pips

Losing trade: 2 positions stop out (-100 pips), net -100 pips

Does the pipstalker go on a specific chart (i.e. M1, M5, M15, etc.), or will it work on any chart??

Thanks. Results look nice.

Stacy,

I've only tried this with H1 on EURUSD.

I really need people to backtest this from 2001-2007, because I've only got M1 data from 2004-2007.

I hope this thread takes off!

Hi Tdion just a suggestion... instead of hedging why dont you straddle with 50 pips difference? you will get same effect but save up on broker spread.

-Mikhail

Nice idea Mikhail. That adds an extra $6,000 profit to post #11!!! I'll rewrite it later and post the results....

Things are looking up!

Mikhail, I have not been able to fix the double hedge because the backtester won't enter a trade in the middle of the H1 bar when testing on the H1 timeframe.... only at the open.

We need to incorporate M1 data with the H1 bars to add an extra 700 pips to this graph. (350 trades x 2 pips)

I have improved the trading method and posted it on the Pipstalker Method thread:

http://www.forexfactory.com/showthread.php?t=20490

The latest EA

I have some ideas for Metaquotes indicators I'd like if anyone would volunteer to program them.

First, once an hour bar turns into a trigger bar, turn it bright orange like a lightbulb.

Once a trigger bar is found, add horizontal lines above and below it for where the hedge will enter.

If we fix the hedging problem, then a third line would be added for where the straddle would enter (thus there would be no hedge.)

Thanks.