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Inside Bar Trading Revisited

  • #61
  • Jan 13, 2009 1:14pm Jan 13, 2009 1:14pm
So close, but lost. Trading manually I might have saved this, assuming I would have taken it.

8 from 11.
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  • #62
  • Jan 13, 2009 1:20pm Jan 13, 2009 1:20pm
Missed this from earlier. Again, notice that the bar doesn't actually touch the IB. Sack the coder.

8 for 12 (not so clever now, eh?)
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  • #63
  • Jan 13, 2009 2:16pm Jan 13, 2009 2:16pm
Here are the results of restricting trading when there is low volume.

EURUSD 30M 001 Min. Vol., 145 trades, 126 wins (86%), £119.16
EURUSD 30M 200 Min. Vol., 116 trades, 104 wins (89%), £127.96
EURUSD 30M 400 Min. Vol., 087 trades, 082 wins (94%), £139.12
EURUSD 30M 600 Min. Vol., 037 trades, 036 wins (97%), £101.35
EURUSD 30M 800 Min. Vol., 010 trades, 010 wins (100%), £54.87
EURUSD 30M 1000 Min. Vol., 02 trades, 002 wins (100%), £13.88

Wow, that is a clear correlation. Mind you, this was for the month of December, where trading was slack over Christmas. This needs some further testing over a longer period of time.

Would restricting trading at low volume have stopped taking the recent losing trades in the forward testing? Lets see:

USDCHF, no. Volume was still high so would have lost.
EURCHF, no. ditto.
EURJPY, no. ditto.
USDCAD, no. ditto.

So, looks good over December but not for today. I'll run the long term test, but am not expecting such a clear cut result.
  • #64
  • Jan 13, 2009 2:26pm Jan 13, 2009 2:26pm
Quoting 1ka
Here are the results of restricting trading when there is low volume.

EURUSD 30M 001 Min. Vol., 145 trades, 126 wins (86%), £119.16
EURUSD 30M 200 Min. Vol., 116 trades, 104 wins (89%), £127.96
EURUSD 30M 400 Min. Vol., 087 trades, 082 wins (94%), £139.12
EURUSD 30M 600 Min. Vol., 037 trades, 036 wins (97%), £101.35
EURUSD 30M 800 Min. Vol., 010 trades, 010 wins (100%), £54.87
EURUSD 30M 1000 Min. Vol., 02 trades, 002 wins (100%), £13.88
Interesting...
"White collar crime deserves a blue collar beating!" - 8fingers
  • #65
  • Jan 13, 2009 2:30pm Jan 13, 2009 2:30pm
So, repeating the test over 2008 we get:

EURUSD 30M 001 Min. Vol., 783 trades, 658 wins (84%), £57.19
EURUSD 30M 200 Min. Vol., 584 trades, 502 wins (85%), £85.44
EURUSD 30M 400 Min. Vol., 336 trades, 292 wins (86%), £85.22
EURUSD 30M 600 Min. Vol., 184 trades, 160 wins (86%), £39.64
EURUSD 30M 800 Min. Vol., 084 trades, 068 wins (81%), -£62.01
EURUSD 30M 1000 Min. Vol., 34 trades, 026 wins (100%), -£39.51

Ahh, no magic bullet for volume then as expected. The discrepancy in percentage wins is probably just the Christmas ones skewing the figures.

Still, it may be worth setting a min. volume of 400 for EURUSD just to catch any similar Holiday action.
  • #66
  • Jan 13, 2009 2:43pm Jan 13, 2009 2:43pm
Are you using any indicators to choose the trend direction?
"White collar crime deserves a blue collar beating!" - 8fingers
  • #67
  • Jan 13, 2009 2:47pm Jan 13, 2009 2:47pm
Quoting 1ka
So what happens if we restrict trades based upon the size of the IB (i.e. the High/Low range when an IB is formed)?

I was curious to see if there was any correlation between IB size and winning trades....
Having tested Volume and noticed the exaggerated Xmas Holiday effect when in December, I thought I'd better retest IB size over the whole year.

The result was the same, a steadily declining win rate as we lower the max IB size we trade at, but from 84% to 79%.
  • #68
  • Jan 13, 2009 2:49pm Jan 13, 2009 2:49pm
Quoting DramaKing
Are you using any indicators to choose the trend direction?
Hi DramaKing, at this point I'm not even looking at trend! It takes the first break regardless of any other thing.

The theory is that once we've checked that the physical things have no real effect on the IB win ratio, then we can only improve! I'm happy with a starting point of 80+% If it was below 50, I'd have walked by now :-)
  • #69
  • Jan 13, 2009 2:56pm Jan 13, 2009 2:56pm
Quoting 1ka
Hi DramaKing, at this point I'm not even looking at trend! It takes the first break regardless of any other thing.

The theory is that once we've checked that the physical things have no real effect on the IB win ratio, then we can only improve! I'm happy with a starting point of 80+% If it was below 50, I'd have walked by now :-)
True true... keep up the good work
"White collar crime deserves a blue collar beating!" - 8fingers
  • #70
  • Jan 13, 2009 3:36pm Jan 13, 2009 3:36pm
Another win on this pair. It's trending well, we missed out on 40 pips between this trade and the previous one we had. A better way of following trends, or a better exit strategy might have kept us in for the missing pips, and the ones that will follow this, as it's still going strong.

Still, the EA can only do so much.

9 wins from 13 (70%)
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  • #71
  • Jan 13, 2009 5:13pm Jan 13, 2009 5:13pm
Thanks for posting this EA--I've been trying it out but get continued "invalid trade volume" errors in testing. Watching the log it says it sees live IB's but yet nothign happens. Do I have something set up wrong or what?
  • #72
  • Edited 3:16am Jan 14, 2009 12:46am | Edited 3:16am
Quoting jcbwrites
Thanks for posting this EA--I've been trying it out but get continued "invalid trade volume" errors in testing. Watching the log it says it sees live IB's but yet nothing happens. Do I have something set up wrong or what?
You may need to change the lot size. It uses a micro lot size of 0.02 by default. Some brokers do not accept lot sizes less than a mini lot (0.1). When you load the EA you, change the lot size to 0.2 and try it again. Other than that, I'm not sure what it could be

Note that the lot size needs to be divisible by 2, as it tries to close half part way through.
  • #73
  • Jan 14, 2009 1:48am Jan 14, 2009 1:48am
can you try using another ea like swiss_army_ea to manage all trades ,minimum ts controlling both profit & loss trades ( default) or only after profit to true with breakeven to 1 ?
so that every trade be positive if your ea takes any good trade.also consider pairs with minimum spread .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #74
  • Jan 14, 2009 2:02am Jan 14, 2009 2:02am
###Auto Pivot.ex4
guys download it, it will update your daily pivot/r1/s1 etc everyday
  • #75
  • Jan 14, 2009 3:12am Jan 14, 2009 3:12am
Quoting fontu
can you try using another ea like swiss_army_ea to manage all trades ,minimum ts controlling both profit & loss trades ( default) or only after profit to true with breakeven to 1 ?
so that every trade be positive if your ea takes any good trade.also consider pairs with minimum spread .
fontu
Hi fontu, I haven't heard of that EA, but maybe it'll avoid me needing to write that side of things. I'll have a look when I get time.

Thanks.
  • #76
  • Jan 14, 2009 3:51am Jan 14, 2009 3:51am
Hi,
Just remember you can have a single EA running. You will have to combine the code in your EA.

BR

Dani M.

Quoting 1ka
Hi fontu, I haven't heard of that EA, but maybe it'll avoid me needing to write that side of things. I'll have a look when I get time.

Thanks.
  • #77
  • Jan 14, 2009 4:35am Jan 14, 2009 4:35am
Quoting dan_mir
Hi,
Just remember you can have a single EA running. You will have to combine the code in your EA.

BR

Dani M.
yes , add ts with breakeven should work & if can ts less than 10 pips should be better & without broker to know will be much better ( not got one such working silently)
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #78
  • Jan 14, 2009 5:26am Jan 14, 2009 5:26am
Quoting dan_mir
Hi,
Just remember you can have a single EA running. You will have to combine the code in your EA.

BR

Dani M.
Hi Dani, you are correct.

I'm hoping that the Swiss Army Knife EA can sit on it's own chart and manage all trades, since it can see them all. Although the idea of ripping out the bits I need means I have more control over things in the EA - decisions, decisions
  • #79
  • Jan 14, 2009 5:30am Jan 14, 2009 5:30am
Quoting fontu
yes , add ts with breakeven should work & if can ts less than 10 pips should be better & without broker to know will be much better ( not got one such working silently)
fontu
I've been trialling a trailing stop that works just like that. As soon as it hits 1/2 ATR it sets the SL to BE and then starts a trailing stop and keeps pushing the TP out. This has some scope but I need to test and work on the optimum values.

In testing though, many trades hit the SL at BE before trending. Another thing to look at
  • #80
  • Edited 9:31am Jan 14, 2009 8:14am | Edited 9:31am
Anyway ts function is no of matter now as can be treated with swiss army, proper placement of the trades are more important. Hope this present EA do that timely. But so far no trades open by IB trader EA on my char on eurusd .

manually I placed 3 pairs of pending orders 4 minutes back in gbpchf,gbpjpy & eurusd having ts only 17 breateven at 1,breakslide 1 for both profit -loss trades .

all come positive eu 28pips tp,gc sl +4 & gj 30pips . manually close may have more pips.They take total 16 minutes & SA worked properly securing the minimum profit .

I think as we are using only pa breaks no need to have more sl to room for the movement,it should move oneway or close with minimum loss.

sorry just now I see one instant order (sell) is placed in eursd By IBtrader & by 1 sec closed with 25 pips loss by by my ea perhaps .If the IBtrader EA place 1 instant order instead of pending ones ?

next bar I just place orders in eurusd to see what happen.It close with 9pips .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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