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Inside Bar Trading Revisited

  • #241
  • Jan 28, 2009 5:08pm Jan 28, 2009 5:08pm
I had a problem twice today with latest edition of EA . Running on a 1 hr. chart it opened a buy on G/U and placed the stop just a few pips below the entry price and no where near the bottom of setup bar. It run OK on 1/2 hr chart on E/U and E/J.
  • #242
  • Jan 29, 2009 1:11am Jan 29, 2009 1:11am
Quoting Abnormalone
I had a problem twice today with latest edition of EA . Running on a 1 hr. chart it opened a buy on G/U and placed the stop just a few pips below the entry price and no where near the bottom of setup bar. It run OK on 1/2 hr chart on E/U and E/J.
Hi Abnormalone,

I think this is related to the recent change I made where I removed the MaxStart option.

I've noticed that when the price jumps significantly between ticks the EA will still take the trade. I've modified the EA to put back MaxStart and suggest you use a value of 5 pips or so to avoid this situation. Sorry

The latest EA is on the first post.
  • #243
  • Jan 29, 2009 10:00am Jan 29, 2009 10:00am
You can see the realtime (well, every 5 minutes) daily trades performed by the EA here -> http://oneka.mt4stats.com/
  • #244
  • Jan 29, 2009 4:31pm Jan 29, 2009 4:31pm
Down and down...
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  • #245
  • Jan 31, 2009 3:02am Jan 31, 2009 3:02am
Better day today...

Also added the weekly and monthly.
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  • #246
  • Jan 31, 2009 8:45am Jan 31, 2009 8:45am
Quoting sebby2468
I've only being testing this strat out on demo for just over a week,the win ratio's are there,we just need to find the best way to get the most out of each trade.
The set up I have been using has been Ibs on 30 min,take some off at plus 20 and set stop loss to -5 and let it run,and depending on the momentum of the trade,switch to 4 hr chart to manage trade if current bar is over/under 10 day moving average (not going through it},and exit when price crosses ma you will get a lot of good trades and some of them will be huge
Just started reading this thread after finishing h1h1's yesterday. When you say "stop loss to -5" is that -5 based on the trigger bar, the IB, or at the plus 20 point? Quite frankly if I don't get (understand) this IB strategy I may bail out altogether. I do see others having success so a clarification of the"-5 SL" would be appreciated. Thank you, p.
  • #247
  • Jan 31, 2009 12:21pm Jan 31, 2009 12:21pm
Quoting piprac
Just started reading this thread after finishing h1h1's yesterday. When you say "stop loss to -5" is that -5 based on the trigger bar, the IB, or at the plus 20 point? Quite frankly if I don't get (understand) this IB strategy I may bail out altogether. I do see others having success so a clarification of the"-5 SL" would be appreciated. Thank you, p.
I read this as setting the SL at -5 at the +20 point. i.e we've made some profit, so bring the SL up and let the rest of the trade run. That way, we get at least +15 on the remainder and could, in theory, benefit from any significant trending that may happen.

One piece of advice I would give, having tried to manually trade this and having watched the EA trade is that you should TP early, 1/2 ATR seems good, although 10 pips may be better It is very rare that an IB trade goes much further. I've lost money assuming that it would, small money admittedly, but lost all the same
  • #248
  • Jan 31, 2009 3:53pm Jan 31, 2009 3:53pm
I'm having a problem with the latest version of the EA. Can not get it to make any short trades. Tried deleting it and down loaded again and still same problem.
  • #249
  • Edited 6:45am Feb 1, 2009 5:20am | Edited 6:45am
Quoting Abnormalone
I'm having a problem with the latest version of the EA. Can not get it to make any short trades. Tried deleting it and down loaded again and still same problem.
Thanks,

I hadn't noticed but it looks like I messed something up. I'll investigate.

=====

OK, fixed a simple bug and updated the first thread.

The interesting thing is, it did really well buying only on Friday. Perhaps it's trying to tell me something...
  • #250
  • Feb 1, 2009 7:55am Feb 1, 2009 7:55am
To: 1ka:

Thank you very much. That is the way I initially read it too but just wanted some additional input. And I have taken note, actually printed, your comment about when to take profits. Unfortunately during the 1st couple of weeks when I started exploring forex a long time ago I stumbled across a bank trader's posting someplace where he had made 7 pips for himself for almost $40K in less than 5 minutes and was on the golf course by 10:30 a.m.

He admitted this was unusual and I always thought if I could find a Very High Probability Strategy then trading a large number of lots for just a few pips would be the route I would like to take, even if a longer time was involved. And I know the pitfalls and reasons not to trade like that but it still intrigues me even though I may never reach that plateau.

Thanks again for your help. p.
  • #251
  • Feb 1, 2009 1:35pm Feb 1, 2009 1:35pm
I have been doing some back test on different indicators to see if they would show an improvement in the EA's performance. The best results that I get are on fast acting indicators. A spread sheet is attached which shows the results of using FX snipers LSMA and Macd_inColor on trades generated by the Strategy Tester on an older version of the EA . The colored sections show the trades that the indicators agreed with and the improvement they would have made. If the indicator was actually in the EA the results could vary somewhat. I deleted all the modified lines from the trades to make it easier to work with. Wish I knew now to add the indicators to the EA so I could get truer results but my old brain doesn't function like it use to.
Attached File(s)
File Type: xls Indicator Test.xls   328 KB | 383 downloads
  • #252
  • Feb 2, 2009 12:47am Feb 2, 2009 12:47am
Quoting Abnormalone
I have been doing some back test on different indicators to see if they would show an improvement in the EA's performance. The best results that I get are on fast acting indicators. A spread sheet is attached which shows the results of using FX snipers LSMA...
Thanks,

I'll see if I can add these indicators to the EA, using the generic interface.
  • #253
  • Feb 2, 2009 2:59pm Feb 2, 2009 2:59pm
Here are the latest graphs showing various profit breakdowns. 9am GMT still seems to be a good time to trade (and yes, I need to break this down by currency - still thinking of a way to display this on a chart, and working out the SQL to get this...).

Note that I generally don't leave the EA trading overnight.

Last weeks graphs are here and here.
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  • #254
  • Feb 2, 2009 3:54pm Feb 2, 2009 3:54pm
Not too bad today, but the evening still has a few trades remaining and this will probably lose another $15.
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  • #255
  • Feb 3, 2009 2:19am Feb 3, 2009 2:19am
Here is the chart showing profit by hour split out for currency. Yes, it's a mess, but it does show which currencies lose most at which times.

Again, the late/early trades are not equally represented. And you can ignore the Trades axis, this is purely profit.

I probably need to run this for a few months to get some 'consistent' data.
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  • #256
  • Feb 3, 2009 3:19pm Feb 3, 2009 3:19pm
Left it running overnight, bad idea

At least it mostly recovered.
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  • #257
  • Feb 4, 2009 3:37pm Feb 4, 2009 3:37pm
OK overnight, not so good this morning.

Added some IBs on the H4 chart, both triggered this morning only for the price to go the other way and hit the SL. Being H4 the IB's we're bigger and so were the subsequent losses.
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  • #258
  • Feb 4, 2009 3:39pm Feb 4, 2009 3:39pm
Market is little crazy these days. look at the daily candle, exactly opposite to yesterday.....
  • #259
  • Feb 4, 2009 3:43pm Feb 4, 2009 3:43pm
Quoting Der05
Market is little crazy these days. look at the daily candle, exactly opposite to yesterday.....
so i think, DIBS mnethod would be better option to trade IBs...Top protect the capital better to move the SL after 10 pips profit.

Not only in daily, but also look at 1 hr....you will feel you missed lot of good trades.... the mirror image
  • #260
  • Feb 5, 2009 12:56am Feb 5, 2009 12:56am
Hi Der05,

Thanks for reminding me of the DIBs method. I don't know if anyone has programmed an EA for DIBs, but that might be something I could do after this one.
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