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Inside Bar Trading Revisited

  • #201
  • Jan 23, 2009 3:08pm Jan 23, 2009 3:08pm
Quoting Abnormalone
...if you eliminate one trade then the next trade may have come on a different IB and really changed the results drastically.
Welcome to the hell I have when back-testing
  • #202
  • Edited 3:50pm Jan 23, 2009 3:10pm | Edited 3:50pm
Quoting anto
In profit, by the end of week; It is great thing

1ka have a extra cold Guinness beer....

Anto
Thanks Anto, funnily enough I've got a bottle of Arkell's Bee's Organic Ale chilling and calling my name
  • #203
  • Jan 24, 2009 2:49am Jan 24, 2009 2:49am
My demo results for the week using the EA posted last weekend

M30
0.5 lot
IB for Breakout = true

Closed trades in GBP

eurchf - 406.32

eurgbp - 730.75

eurjpy 519.54

eurusd - 615.25

gbpchf - 966.79

gbpjpy 739.24

gbpusd 2,023.68

usdjpy 765.67

TOTAL 1,329.02


I'll replace the EA with the latest one and leave it running on my home PC.

Next weekend I will be in a very remote location round the other side of the world. I should have internet at some point, so I'll post next week's results but I can't ask my wife to fiddle with the EA!

Thanks for all your hard work 1ka.
  • #204
  • Jan 24, 2009 4:52am Jan 24, 2009 4:52am
Quoting sledgehammer
My demo results for the week using the EA posted last weekend
Hmm, some big winners and losers in that list. I think it pays to have a spread of currencies like you are doing. I hope next week is just as profitable!

The next thing for the EA is to trade long above the daily pivot point and short below it. This is something that the DIBs method does, so I'll see what effect it has.

Also, after chatting in the room, someone suggested another system, similar to IBs in some respects. Since it's very simple, I'm going to code that up and see if it has more potential. (I'm really struggling to find a way to improve the IB-Trader EA)
  • #205
  • Jan 24, 2009 4:55am Jan 24, 2009 4:55am
Oh, and if any was using the commercial Yoww EA it looks like it was a scam.

See PipCop for details.
  • #206
  • Jan 24, 2009 5:18am Jan 24, 2009 5:18am
Quoting 1ka
Hmm, some big winners and losers in that list. I think it pays to have a spread of currencies like you are doing. I hope next week is just as profitable!

The next thing for the EA is to trade long above the daily pivot point and short below it. This is something that the DIBs method does, so I'll see what effect it has.

Also, after chatting in the room, someone suggested another system, similar to IBs in some respects. Since it's very simple, I'm going to code that up and see if it has more potential. (I'm really struggling to find a way to...
In DIBS method, also the RR is 1:1, you take 1/2 profit and let the other half run with the same RR, until the the stop is hit. In this way, we could have caught all the pips down in all the pairs.

I also think we need to be careful about different session (Asian, European, american) openings. You start to see the EU session effect from 6GMT (the break out starts here approximately 6-7 GMT). If the EA is holding the position aroud tis time, there could be very big loss (if the EA has triggered buy in the opposite side).

This can be avoided by having IB true and RR at 1:1.

Nice weekend guys
  • #207
  • Jan 24, 2009 9:28am Jan 24, 2009 9:28am
Does restricting the EA to trade Long only when above the Daily Pivot Point and Short when below it make a difference? Check the results below.

The first image shows results ignoring DPP and the second shows results if we take DPP into account.

I can't see that it makes much difference. The win ratio is not really affected suggesting that there is an equal number of losing shorts above the DPP as there were losing longs below the DPP. Next!.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Picture 2.png Size: 110 KB
Click to Enlarge Name: Picture 1.png Size: 111 KB
  • #208
  • Jan 24, 2009 11:22am Jan 24, 2009 11:22am
Running the EA as is the only pairs I have been able to get good long term results doing back test on are EUR/USD EUR/JPY GBP/USD EUR/GBP and then only if I set MinATR in the 170-200 range. I believe this maybe is because they are more actively traded and trade truer to form. I am logging my trades and marking them on the charts to see if I can find which indicator if any agrees with the highest % of trades. For Friday which was the first day I started using the high ATR numbers the EA preformed pretty good just by itself.
Attached File(s)
File Type: xls IB log.xls   14 KB | 380 downloads
  • #209
  • Jan 24, 2009 12:43pm Jan 24, 2009 12:43pm
Use DPP, but trade it only on 1h and 4H TF.
  • #210
  • Edited 6:32am Jan 25, 2009 4:42am | Edited 6:32am
Quoting smilee89
Use DPP, but trade it only on 1h and 4H TF.
Your wish is my command

Attached are four graphs showing (from Left to Right, Top to bottom) DPP Off H1, DPP On H1, DPP Off H4 and DPP On H4.

The DPP does seem to work slightly better at the higher timeframes and reduces the bad trades. Mind you, the H4 timeframe on its own gives good results. Perhaps the IB method in general is suited to higher timeframes. Hmm, strategy rethink
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Picture 1.png Size: 111 KB
Click to Enlarge Name: Picture 2.png Size: 110 KB
Click to Enlarge Name: Picture 3.png Size: 109 KB
Click to Enlarge Name: Picture 4.png Size: 109 KB
  • #211
  • Jan 25, 2009 6:53am Jan 25, 2009 6:53am
Quoting Abnormalone
I am logging my trades and marking them on the charts to see if I can find which indicator if any agrees with the highest % of trades. For Friday which was the first day I started using the high ATR numbers the EA preformed pretty good just by itself.
Thanks Abnormalone,

Let us know if you find 'the' indicator
  • #212
  • Jan 25, 2009 9:27am Jan 25, 2009 9:27am
Quote
Quoting smilee89
Use DPP, but trade it only on 1h and 4H TF.
How do you determine your Stop and Take profit on the longer time frames?
  • #213
  • Jan 25, 2009 10:57am Jan 25, 2009 10:57am
SL is the opposite side of the CB.
If SL hit i take the opposite side trade on the same conditions as the origianl trade (sometime I double the lot size).
  • #214
  • Jan 25, 2009 4:48pm Jan 25, 2009 4:48pm
Why am I getting the following message " IBTrader USDJPY, M30;Alert Failed to raise SELL order invalid stops" And, what should be done about it? I cannot seem to open the Expert to Modify it. Also on the EURUSD under the Experts Tab I have a long list of the Experts settings, but no trade opened. There should have been other trades opened as well, but none opened. What to check? I am using the latest EA I could find.
  • #215
  • Jan 25, 2009 5:08pm Jan 25, 2009 5:08pm
Quote
Quoting Snowdogg
Why am I getting the following message " IBTrader USDJPY, M30;Alert Failed to raise SELL order invalid stops" And, what should be done about it? I cannot seem to open the Expert to Modify it. Also on the EURUSD under the Experts Tab I have a long list of the Experts settings, but no trade opened. There should have been other trades opened as well, but none opened. What to check? I am using the latest EA I could find.
Are you using IBTrader.ex4 and not one of the other two. I'm not sure what the other two are and I know they don't do anything in the strategy tester.
  • #216
  • Edited 7:23pm Jan 25, 2009 6:53pm | Edited 7:23pm
How would you handle weekend with the EA if you were trading live. I choose to close all trades right before the close Friday and not to turn it back on till after the market opened again on Sunday. If I had left it on I would be losing money on GBP/USD but making money on EUR/GBP and had a good trade going on EUR/JPY. Some how it did open a trade in EUR/USD (must have turned it on before that one had traded). I was afraid to leave it on for fear of gaps but I guess I should have in order to get the same trades the strategy tester would.
  • #217
  • Jan 25, 2009 9:44pm Jan 25, 2009 9:44pm
Hi: Thanks for a reply. Yes, I am using IBTrader dated Jan. 21 in the attachments folder. Any ideas?
  • #218
  • Jan 25, 2009 10:11pm Jan 25, 2009 10:11pm
Quote
Quoting Snowdogg
Hi: Thanks for a reply. Yes, I am using IBTrader dated Jan. 21 in the attachments folder. Any ideas?

Try the one in post #1, it is dated Jan 25
  • #219
  • Jan 25, 2009 11:24pm Jan 25, 2009 11:24pm
Thanks. I'll try that one. I didn't realize ther was a newer version. I went by the Attachments tab above.
  • #220
  • Jan 26, 2009 12:47am Jan 26, 2009 12:47am
Quoting Snowdogg
Why am I getting the following message " IBTrader USDJPY, M30;Alert Failed to raise SELL order invalid stops" And, what should be done about it? I cannot seem to open the Expert to Modify it. Also on the EURUSD under the Experts Tab I have a long list of the Experts settings, but no trade opened. There should have been other trades opened as well, but none opened. What to check? I am using the latest EA I could find.
Hi Snowdogg,

I have noticed these errors on occasion, I think they occur when the Sl is too close to the opening price. If your broker has a high spread then this could be a reason.

Also, you may need to change some of the settings for a broker that uses 4 decimal places instead of five. The first post explains which settings to change.

The IBTrader-Ind files are to enable you to add your own code to tell the EA when to buy/sell. You don't need them by default.

I haven't released the main code, I'm not sure I will until it's 'working'.

Enjoy (but don't use on a live account )
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