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Lolpie's Simple System

  • #1
  • First Post: Edited 2:42am Jan 10, 2009 2:30am | Edited 2:42am
Hey guys,

I manually backtested my system on the EURUSD H4 timeframe. Here are the results:

Trading from: 12/13/2007 - 09/24/2008
254 Trades - 87% Winrate

Starting balance $500
Ending balance $108319.70


System uses two indicators - Awesome Oscillator and ADX Crosses:
Buy when both indicators are green
Sell when both indicators are red

Close trade when ADX Crosses gives opposite signal. Doesn't matter what AO color is. No take profit or stop loss(!!). So basically once the indicators match you make the trade, then ride the trend if there is one until ADX Crosses gives the reverse signal.

MM - 0.1 lots at 200:1 leverage per $100. Yes it is risky.

I followed these rules exactly and made a $500 account go to around $100k. I'm hoping that by posting here the system can be improved even more with the community's help and that someone can make an EA for it, since I'm in school right now so I can't check the chart every 4 hours

http://img79.imageshack.us/img79/3165/aaaacv2.png
Attached File(s)
File Type: pdf Strategy Tester.pdf   52 KB | 4,770 downloads
File Type: mq4 ADXcrosses.mq4   3 KB | 4,074 downloads
File Type: tpl test2.tpl   1 KB | 2,978 downloads
  • #2
  • Edited 6:52am Jan 10, 2009 2:40am | Edited 6:52am
Nice system u get there...But we are trading the NOW...now the backtest...

Get urself a PDA with Mt4 mobile version in it....
Surely, U can check every 4 hr...

Sonic
  • #3
  • Jan 10, 2009 2:52am Jan 10, 2009 2:52am
Quoting sonicdeejay
Nice system u get there...

Get urself a PDA with Mt4 mobile version in it....
Surely, U can check every 4 hr...

Sonic
The mobile versions don't allow custom indicators
  • #4
  • Jan 10, 2009 2:54am Jan 10, 2009 2:54am
BTW..I am using ADX in my Sonic Striker System too...


Sonic
  • #5
  • Jan 10, 2009 4:03am Jan 10, 2009 4:03am
Quoting lolpie
Hey guys,

I manually backtested my system on the EURUSD H4 timeframe. Here are the results:

Trading from: 12/13/2007 - 09/24/2008
254 Trades - 87% Winrate

Starting balance $500
Ending balance $108319.70


[i]System uses two indicators - Awesome Oscillator and ADX Crosses:
Buy when both indicators are green
Sell when both indicators are red

Close trade when ADX Crosses gives opposite signal. Doesn't matter what AO color is. No take profit or stop loss(!!). So basically once the indicators match you make the trade, then ride the trend if...
nice system buddy are you sure that it`s hit rate is 87% ? it is really good one but 87% .
  • #6
  • Jan 10, 2009 4:22am Jan 10, 2009 4:22am
If the indicators repaint, your testing result is not reliable.
  • #7
  • Jan 10, 2009 5:03am Jan 10, 2009 5:03am
Perhaps this will be of use to you
Attached File(s)
File Type: ex4 ADXcrossesNon-repainting.ex4   3 KB | 6,191 downloads

Quoting lolpie
Hey guys,

I manually backtested my system on the EURUSD H4 timeframe. Here are the results:

Trading from: 12/13/2007 - 09/24/2008
254 Trades - 87% Winrate

Starting balance $500
Ending balance $108319.70


[i]System uses two indicators - Awesome Oscillator and ADX Crosses:
Buy when both indicators are green
Sell when both indicators are red

Close trade when ADX Crosses gives opposite signal. Doesn't matter what AO color is. No take profit or stop loss(!!). So basically once the indicators match you make the trade, then ride the trend if...
  • #8
  • Jan 10, 2009 5:09am Jan 10, 2009 5:09am
ADX repaints!

Here is one that doesnt

I strongly recommend to test it on a demo in live market conditions
Attached File(s)
File Type: ex4 ADXcrossesNon-repainting.ex4   3 KB | 4,550 downloads
  • #9
  • Jan 10, 2009 5:32am Jan 10, 2009 5:32am
Quoting dfxclub
ADX repaints!

Here is one that doesnt

I strongly recommend to test it on a demo in live market conditions
What keeps you out of trading in your "Don't Trade" Zone?
Starting to see instead of just looking.
  • #10
  • Jan 10, 2009 5:35am Jan 10, 2009 5:35am
Quoting Rastaman
What keeps you out of trading in your "Don't Trade" Zone?
I think it's a downward ADX arrow and a green AO or vice versa - both must match

Andy
  • #11
  • Jan 10, 2009 5:35am Jan 10, 2009 5:35am
Sh1t just got real.

In on 1st page of a possibly epic thread.
  • #12
  • Jan 10, 2009 6:20am Jan 10, 2009 6:20am
I very much doubt that.
Starting to see instead of just looking.
  • #13
  • Edited 7:04am Jan 10, 2009 6:53am | Edited 7:04am
Quoting Rastaman
I very much doubt that.
Kinda agree with u on that...

1. Repaint indicator can't be trusted..
2. .But we are trading the NOW...not the backtest...

Trade along and forward test...buddy...
Sonic
  • #14
  • Jan 10, 2009 7:03am Jan 10, 2009 7:03am
Besides ADX issues, you can't visually back test AO.
  • #15
  • Jan 10, 2009 7:55am Jan 10, 2009 7:55am
Quoting shiva
Perhaps this will be of use to you
Attachment
Shiva if u can somehow match the reading with the other ADX crosses at 14period value would be great, as your indi is showing 1 candel/bar late

thx
  • #16
  • Jan 10, 2009 7:57am Jan 10, 2009 7:57am
Quoting BenQ
Besides ADX issues, you can't visually back test AO.
u r right
  • #17
  • Jan 10, 2009 8:08am Jan 10, 2009 8:08am
Hey guys, when does the red or the blue is displayed..at the close of the candle it is pointing on or at the beginning of the start of the candle?
Thanks
  • #18
  • Jan 10, 2009 8:54am Jan 10, 2009 8:54am
Try this....

LONG
if both candles ends green
Place buy stop 10 pips above the end of the candle...

SHORT
if both candles ends red
Place Sell stop 10 pips below the end of the candle..

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 17 KB
Attached File(s)
File Type: mq4 Advanced_ADX.mq4   2 KB | 2,795 downloads
File Type: tpl test2.tpl   1 KB | 1,480 downloads
  • #19
  • Edited 2:09pm Jan 10, 2009 11:23am | Edited 2:09pm
Quoting Brb-Fraudin
Sh1t just got real.

In on 1st page of a possibly epic thread.
lolwut

Quoting suwuming
If the indicators repaint, your testing result is not reliable.
The indicator doesn't repaint...I used it forward testing on M1

And can someone explain why AO doesn't work in backtesting?
  • #20
  • Jan 10, 2009 2:00pm Jan 10, 2009 2:00pm
u guys fraudin'?
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