DislikedHere are the results for this whole day by the default settings, (previous version).Ignored
Everyone knows that you don't trade on a single indicator, right? Even a noob like me knows that. And I'm a real noob. The noobiest of noobs ;-)
So what if we mix the TOM, Trend and RSI indicators that we've used up to now? Look below.
Our number of trades decrease, but we kind of expected that. We also get a significant rise in the win ratio, 92% anyone?
And on that note I shall retrieve those beers from the fridge that have been chilling for the past few hours. Bottoms Up!
I DIDNT GET IT :{ THISE IS 1\1 RISK\REWORD WHAT U PRESENTING HERE ON THE DATA?
HI 1ka,
Normally buy or sell orders are placed 10pips+spread away from the inside bar on daily charts; correct me if I am wrong.
However, the EA places order juat at the high or low of the previous bar. For example, the attached EU would have been 2 winners with out trouble, if the orders were taken based on this method.
If we look back on previous big looser, they were all taken based on previous long bars, and the price could not really pierce through much higher than that.
Thanks for your explanation. You are not wrong, just working in a different way
I think your method of starting the breakout 10 pips away from the inside bar works well at the higher timescales, such as daily one you use. At the lower timescales there can be much movement within the IB before it breaks out of the outer bounds. If we use the inner bar to determine the breakout it may lead to many false trades at the lower timescales. However, it's worth thinking about and I'll add it to the long list of stuff to try.
I DIDNT GET IT :{ THISE IS 11 RISKREWORD WHAT U PRESENTING HERE ON THE DATA?
I'm not sure what part you don't get, so let me run through the workings.
All testing is done on EURUSD 30M for the whole of 2008 unless otherwise stated.
The first result is for the IB method without using any 'indicators' to reduce false trades. This is the reference trade and shows the theoretical maximum number of trades (1767). From this the IB has 'won' 1500 trades.
Note that the EA splits the trade at 1/2 ATR and lets the other 1/2 run. The strategy tester counts this as two trades as, in theory at least, the second 1/2 could result in a loss. It doesn't since we've moved the SL to the open price so the worst that could happen is we close with zero profit. (As a quick aside, the 1500 winning trades originated as 750 trades. 267 trades still lost so the 'real' win ratio is 73.7%, not 84.89% - but who am I to argue with MetaTrader
)In previous posts we've been looking at the effects individual indicators such as RSI, TOM and Trend have on the EA. The goal is to reduce the number of losing trades. Individually, these trades have not had much effect as far as I can see (without doing some major statistical analysis and running the EA a few hundred times with a variety of input parameters).
So the post you commented on has tried to use the indicators together. The first column shows the TOM indicator and the number of bars it used. The second is the Trend indicator and the number of bars it used. The third is the RSA indicator and the levels it used. See the previous posts for further details of these. An xxxx means the indicator was not used.
Looking at the results again the second result shows that we are using the TOM indicator with 5 bars and the Trend indicator with 15 bars. We didn't use the RSI indicator and we took 695 trades of the possible 1767. 604 of these won. The remaining results are the same, just different combinations of indicators. The number of bars used in the indicators were chosen as the 'best' values from the individual analysis.
This test wasn't exhaustive by any means, three variables having three or more possible parameters gives a huge number of tests to do to show all combinations. It was Friday, I did a selection
We haven't changed the risk/reward. We still have an average profit of ~1.5 and an average loss of ~7.5 It's just that we have reduced the number of losing trades so start to see a more consistent profit.
Hopefully that answers your question, if not ask again
Well, you asked for it (or at least thinkpip did )
There is a generic interface that allows you to write your own code that will help the EA decide whether a trade is valid or not.
To get started:
)There is a generic interface that allows you to write your own code that will help the EA decide whether a trade is valid or not.
To get started:
- Put the attached IBTrader EA in the experts directory of your MetaTrader installation.
- Put both IBTrader-Ind files in the experts\libraries directory of your MetaTrader installation.
- Restart MetaTrader and you're off.
To create your own indicators you will need to edit the IBTrader-Ind.mq4 file and add your own logic. An example RSI indicator is included. If your indicator needs parameters then you can pass them into the indicator through the EA string property ExtIndParams. You will, of course, need to parse the string if you have multiple parameters.
Make sure that the EA property UseExternalInd is set to true otherwise your new routine will not be called.
And that's it. Any questions then just ask in the forum. I still need to think about how we do Debug, but for now just call Print as per usual.
If you identify any useful indicators, then let us know. We'd be interested to see what you've got.
- #138
- Jan 17, 2009 4:52am Jan 17, 2009 4:52am
- Joined Apr 2007 | Status: vincit qui se vincit | 6,251 Posts
Vincit qui se vincit.
I'm not sure what part you don't get, so let me run through the workings.
All testing is done on EURUSD 30M for the whole of 2008 unless otherwise stated.
The first result is for the IB method without using any 'indicators' to reduce false trades. This is the reference trade and shows the theoretical maximum number of trades (1767). From this the IB has 'won' 1500 trades.
Note that the EA splits the trade at 1/2 ATR and lets the other 1/2 run. The strategy tester counts this as two trades as, in theory at least, the second 1/2 could...
I THINKE U SHOLD TEST IT WHITE THOSE PARAMETER
1. 2 TRADES OPEND
2. 1 TRADE CLOSE AT 1 TO 1 RISCK REWORD
3.THE SCOND ONE RUN WHITE SAME KIND OF TRAILING STOPT
THISE WAY THE RISCK REWORD WILL BE IN OUR SIDE
THAKE ALOKK AT THE DIBS TREAD FOR MORE DITELDS ON THE FIRST PAGE:}
1ka, I respectfully suggest a Maximum Adverse Excursion study of all winning trades from your original test (in which all breaks of IBs were taken regardless of TOM,Trend, indicators,etc.). This is an effort to determine the point at which a trade is highly unlikely to become a winner once it has moved against us. At this point we set our stops, rather than at the opp end of the IB. A percentage of ATR might be a try, or perhaps a percentage of the length of the IB. Pippo
)