Inside Bar Trading Revisited | Page 33 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

3 Bar Fractal with mid-bar and bar on each side 11 replies

Inside bar or outside bar identifier 7 replies

Journal related to: Advanced Inside Bar (IB) Trading 19 replies

Pin bar, pin bar, pin bar 0 replies

Attachments: Inside Bar Trading Revisited
Exit Attachments

Inside Bar Trading Revisited

  • #641
  • Feb 28, 2009 7:08am Feb 28, 2009 7:08am
Cumulative trading charts. Last weeks charts are here.

0900 GMT still seems like a good time to trade, as does 1800GMT. GBPJPY was less of a loser this week.
Attached Images
  • #642
  • Feb 28, 2009 11:12am Feb 28, 2009 11:12am
hi 1ka,

looking at your Cumulative trading charts. First nice work you do http://www.forexfactory.com/images/icons/icon14.gif

What I was wondering: at the Hour of day chart: Can you see anything significantly different (like Inside Bar hight or more than 1 inside bar in a row) in the time frame where there are positive trades.

like 0900 GMT and 1800GM ??? What makes this time more successful than others??
__Thanks__ MJ
  • #643
  • Mar 1, 2009 5:26am Mar 1, 2009 5:26am
The EA on the first page has been updated to included a parameter to set the MINIMUM IB size. Any IB's smaller that this value will not be traded with. Note that we are measuring the size of the Outer/Containing bar.
  • #644
  • Mar 1, 2009 6:39am Mar 1, 2009 6:39am
Quoting M_j
hi 1ka,

looking at your Cumulative trading charts. First nice work you do http://www.forexfactory.com/images/icons/icon14.gif

What I was wondering: at the Hour of day chart: Can you see anything significantly different (like Inside Bar hight or more than 1 inside bar in a row) in the time frame where there are positive trades.

like 0900 GMT and 1800GM ??? What makes this time more successful than others??
Can't see anything obvious. You are welcome to look at the attached CSV file and see if you can spot anything.
Attached File(s)
File Type: txt 9gmt.txt   15 KB | 343 downloads
  • #645
  • Edited 2:43pm Mar 2, 2009 2:28pm | Edited 2:43pm
Today's results. First profit in a few weeks I think.

Changed to use minimum IB size of 35 pips, but I'm not sure that this was the cause. There were 2 losing trades and 7 winning trades that would have been taken if we hadn't used the min IB size. This would have resulted in a further loss of ~4.40
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 1.png Size: 73 KB
  • #646
  • Mar 3, 2009 12:52pm Mar 3, 2009 12:52pm
I got back this morning everything I lost yesterday - AIG's announcement was a killer that I didn't anticipate. Today was relatively smooth. Maybe the profits start tomorrow, who knows? Good pippin' everyone, p.
  • #647
  • Mar 3, 2009 2:19pm Mar 3, 2009 2:19pm
Quick pips on the GBPUSD inside bar break...

http://i39.tinypic.com/2ptvw5x.gif
TRO
  • #648
  • Mar 4, 2009 2:46am Mar 4, 2009 2:46am
Quoting 1ka
Today's results. First profit in a few weeks I think.

Changed to use minimum IB size of 35 pips, ...
as you use different pairs which have different average movements: I think it would be more appropriate to define the 'minimum IB'
based on each pair or in % relation to there average expected movements.

Just a input thought. And congratulation to the winning day http://www.forexfactory.com/images/icons/icon7.gif
__Thanks__ MJ
  • #649
  • Mar 4, 2009 4:58am Mar 4, 2009 4:58am
Winning streak didn't last
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 1.png Size: 74 KB
  • #650
  • Edited 10:18am Mar 4, 2009 5:00am | Edited 10:18am
Quoting M_j
as you use different pairs which have different average movements: I think it would be more appropriate to define the 'minimum IB'
based on each pair or in % relation to there average expected movements.

Just a input thought. And congratulation to the winning day http://www.forexfactory.com/images/icons/icon7.gif
Hi MJ,

I did a blanket Min IB setting as most currency pairs (excluding JPY) seemed to benefit from this. At some point next month I'll tune each currency pair based upon time, IB size and possible trade direction.
  • #651
  • Mar 4, 2009 3:18pm Mar 4, 2009 3:18pm
Nearly recovered.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 1.png Size: 74 KB
  • #652
  • Edited 3:20pm Mar 4, 2009 3:20pm | Edited 3:20pm
The results from February 2009.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 2.png Size: 81 KB
  • #653
  • Mar 5, 2009 12:01pm Mar 5, 2009 12:01pm
1ka,

First I want to say keep up the good work. The IB method is one that keeps intriguing me and your EA seems to be on the right track of improvement.

Question: Can you comment on how you use the HourStart parameter? I am trying to use a demo account based on US EST time (-5 from GMT). How could I tell this in your EA?

Suggestion: Do you think a filter of Min Max for the OB would be useful?
  • #654
  • Mar 5, 2009 12:57pm Mar 5, 2009 12:57pm
Quoting kostas1
1ka,

First I want to say keep up the good work. The IB method is one that keeps intriguing me and your EA seems to be on the right track of improvement.

Question: Can you comment on how you use the HourStart parameter? I am trying to use a demo account based on US EST time (-5 from GMT). How could I tell this in your EA?

Suggestion: Do you think a filter of Min Max for the OB would be useful?
The hours are calculated with respect to your PC's local time. So if you want to target 9am GMT, then set the hour start to (9-5)=4am. The second EA parameter determines for how long you want to trade, in hours.

The min/max settings for the EA actually work on the Outer/Containing bar already
  • #655
  • Mar 5, 2009 1:14pm Mar 5, 2009 1:14pm
I have been pretty successful since the addition of Min IB size. Since adding it on the 3rd I have missed several good trades but only had one bad one. One thing to be aware of is that the same setting do not work with different brokers and maybe not even with the same broker with different severs. I get better result with FXDD on some pairs than I do with IBFX. Other pairs seem to be just the opposite. The three pairs listed below are the ones that preform best for me when I look for a mix of parameters that work with both brokers.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 249 KB
  • #656
  • Mar 5, 2009 1:19pm Mar 5, 2009 1:19pm
Is it correct that when I do back test they seem to work off of broker time but in live trading work off of local time
  • #657
  • Mar 5, 2009 1:21pm Mar 5, 2009 1:21pm
Quoting Abnormalone
Is it correct that when I do back test they seem to work off of broker time but in live trading work off of local time
That's correct, I may change the EA at some point to work off broker/bar time. It would be less confusing.
  • #658
  • Mar 5, 2009 2:50pm Mar 5, 2009 2:50pm
Quoting 1ka
The hours are calculated with respect to your PC's local time. So if you want to target 9am GMT, then set the hour start to (9-5)=4am. The second EA parameter determines for how long you want to trade, in hours.

The min/max settings for the EA actually work on the Outer/Containing bar already

1ka,
Thanks. In that case, also a filter for the internal IB might be interesting (since the OB filter seems to screen some bad ones).

Also noticed that lower MaxIBSize gives interesting results (2000)
  • #659
  • Mar 5, 2009 3:18pm Mar 5, 2009 3:18pm
Quoting kostas1
1ka,
Thanks. In that case, also a filter for the internal IB might be interesting (since the OB filter seems to screen some bad ones).

Also noticed that lower MaxIBSize gives interesting results (2000)
Yes, I've since realised that MetaTrader can do alot of the manual work in working out what the best settings are for various parameters. If you use the "Optimization" option then MetaTrader will run back-to-back tests changing various parameters automatically.

I'll run some tests over the weekend and see what optimizations pop out.
  • #660
  • Mar 5, 2009 4:04pm Mar 5, 2009 4:04pm
Another better day.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 1.png Size: 75 KB
1 trader viewing now