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Inside Bar Trading Revisited

  • #481
  • Feb 17, 2009 7:10am Feb 17, 2009 7:10am
If you are taking these trades based upon the break of the high/low of the inside bar....Then take a look at the 1 hr chart G/U right now. Stop loss? no stop loss?
-Steve
  • #482
  • Feb 17, 2009 7:15am Feb 17, 2009 7:15am
Quoting 1ka
Here are the trades taken by the EA broken down by currency and hour of day. Last weeks charts are here.

0900 GMT still seems like a good time to trade, as does 1800GMT. USDCAD and USDJPY are the most profitable currencies to trade, on balance.
hi 1ka,

nice job you've done here: really appreciate it - will check all of them out.

Is it possible to post a cumulative summary of the weeks in one graph.
Attached Image
__Thanks__ MJ
  • #483
  • Feb 17, 2009 7:24am Feb 17, 2009 7:24am
It's easy to show wins but here are some losses and not sure why . . luck of the draw or did I do something wrong
The trend was up I was above the daily open I was above the 89 line went through support level
Any thoughts or comments
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.GIF Size: 67 KB
  • #484
  • Edited 7:31am Feb 17, 2009 7:31am | Edited 7:31am
This one maybe too close to the support line but later in the day it took off?????
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.GIF Size: 71 KB
  • #485
  • Feb 17, 2009 7:41am Feb 17, 2009 7:41am
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....
hi 1ka,

Not sure what you meant. you limited the Outside bar or the Inside Bar.


> IB Limit 60

are this 60 Pips ??
__Thanks__ MJ
  • #486
  • Feb 17, 2009 8:09am Feb 17, 2009 8:09am
Quoting M_j
hi 1ka,

nice job you've done here: really appreciate it - will check all of them out.

Is it possible to post a cumulative summary of the weeks in one graph.
Actually, this chart is cumulative, not just for that week. (Note to self - word next charts posting differently )

I don't always leave the EA running overnight, so the trades from 10pm to 7am are not proportionately represented.
  • #487
  • Feb 17, 2009 8:20am Feb 17, 2009 8:20am
Quoting M_j
hi 1ka,

Not sure what you meant. you limited the Outside bar or the Inside Bar.


> IB Limit 60

are this 60 Pips ??
The limit applies to the maximum size of the Outside Bar. That's an old setting, maybe from an older version of the EA?

The latest EA uses MaxIBSize and is measured in points. The EA is on the first post.
  • #488
  • Feb 17, 2009 8:27am Feb 17, 2009 8:27am
Quoting dryclean
It's easy to show wins but here are some losses and not sure why . . luck of the draw or did I do something wrong
The trend was up I was above the daily open I was above the 89 line went through support level
Any thoughts or comments
I don't think you did anything wrong, as it all looked fine. Major trend was with you too. Can't see any scheduled news at that time, but maybe something happened?

The only comment I have is that it had been consolidating for a while. My 'noob' view is that it can go anywhere after that

If it helps, then the EA was suckered too.
  • #489
  • Feb 17, 2009 10:00am Feb 17, 2009 10:00am
Quoting 1ka
I don't think you did anything wrong, as it all looked fine. Major trend was with you too. Can't see any scheduled news at that time, but maybe something happened?

The only comment I have is that it had been consolidating for a while. My 'noob' view is that it can go anywhere after that

If it helps, then the EA was suckered too.
Hi 1ka

Are you running your EA on 1-hr chart only or on 30 min too, as originally suggested by H1H1?
Regards
  • #490
  • Feb 17, 2009 10:03am Feb 17, 2009 10:03am
Quoting howard
Hi 1ka

Are you running your EA on 1-hr chart only or on 30 min too, as originally suggested by H1H1?
Mainly on 30M. Two are running on 4H using a stochastic oscillator to determine when to trade.
  • #491
  • Feb 17, 2009 11:21am Feb 17, 2009 11:21am
When all the winning percentages increase as the Max Bar size increases would this not indicate that we need to eliminate the smaller bars
Attached Image (click to enlarge)
Click to Enlarge Name: ib test.jpg Size: 262 KB
  • #492
  • Feb 17, 2009 11:40am Feb 17, 2009 11:40am
Quoting Abnormalone
When all the winning percentages increase as the Max Bar size increases would this not indicate that we need to eliminate the smaller bars?
Hi Abnormalone,

Is this the size of the Inside Bar, not the Outside Bar, since it appears you are using the non-H1H1/Jim method?

I might add a MinIBSize parameter into the EA so that you can ignore smaller bars. When I get some time I'll see if I can test this in the EA.
  • #493
  • Feb 17, 2009 11:48am Feb 17, 2009 11:48am
Quote
Is this the size of the Inside Bar, not the Outside Bar, since it appears you are using the non-H1H1/Jim method?

I might add a MinIBSize parameter into the EA so that you can ignore smaller bars. When I get some time I'll see if I can test this in the EA.

I did not realize I had Use IB turned on till after I did the test but I assumed the MaxBar size still used the set up bar. If I get time I will rerun the test with Use IB turned off.
  • #494
  • Feb 17, 2009 12:22pm Feb 17, 2009 12:22pm
Same test with Use IB turned off. Basically looks the same but improved percentages.
Attached Image (click to enlarge)
Click to Enlarge Name: ib test.jpg Size: 246 KB
  • #495
  • Feb 17, 2009 1:10pm Feb 17, 2009 1:10pm
Quoting 1ka
Hi Abnormalone,

Is this the size of the Inside Bar, not the Outside Bar, since it appears you are using the non-H1H1/Jim method?

I might add a MinIBSize parameter into the EA so that you can ignore smaller bars. When I get some time I'll see if I can test this in the EA.
Interesting I actually only implemented the MinIBSize parameter

But you are far ahead of me.


1ka what was your main reason to have the MaxBar size parameter?
__Thanks__ MJ
  • #496
  • Feb 17, 2009 2:24pm Feb 17, 2009 2:24pm
Quoting M_j
Interesting I actually only implemented the MinIBSize parameter

But you are far ahead of me.


1ka what was your main reason to have the MaxBar size parameter?
The idea was that we could limit the maximum potential loss by setting a limit on the maximum size of IB. Works OK, but didn't make a difference on the overall win-ratio as far as I can remember. (Not sure if I actually did a back-to-back comparison).
  • #497
  • Feb 17, 2009 2:26pm Feb 17, 2009 2:26pm
Today's trades. Closing the EA early today, need to boot into another OS
Attached Image (click to enlarge)
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  • #498
  • Feb 17, 2009 4:49pm Feb 17, 2009 4:49pm
I had a spread sheet that had trades generated by an older version of the EA from 12/01/2009 till 2/05/2009.
I started deleting all trades with Set up Bars less than 30 pips and worked my way up to 80 pip
All trades 34.47 profit
30 pips and greater 43.07
40 pips and greater 37.72
50 pips and greater 95.78
60 pips and greater 120.01
From there on it was all down hill
No way to tell if some of this is due to smaller IB's not having room to work because of smaller Stop Loss
  • #499
  • Feb 17, 2009 9:13pm Feb 17, 2009 9:13pm
Hi Money4Nothing,

Thanks for sharing your strategy.

Two questions:

1. What sessions are you trading?

2. Do you trade (if it happens) two breakouts per IB - one up and one down? Or do you re-enter if stopped out before take profit?

Thanks

Thomas


Quoting Money4Nothing
I don't place a stop....
  • #500
  • Feb 17, 2009 11:00pm Feb 17, 2009 11:00pm
Quoting tdeu
Hi Money4Nothing,

Thanks for sharing your strategy.

Two questions:

1. What sessions are you trading?

2. Do you trade (if it happens) two breakouts per IB - one up and one down? Or do you re-enter if stopped out before take profit?

Thanks

Thomas
It's not my strategy.

1. What sessions are you trading?

I trade the current session.


2. Do you trade (if it happens) two breakouts per IB - one up and one down? Or do you re-enter if stopped out before take profit?

I take the trade when it happens, see my signature.

You are welcome.
TRO
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