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Inside Bar Trading Revisited

  • #661
  • Mar 5, 2009 4:22pm Mar 5, 2009 4:22pm
I have been trying to change the volume parameter to see what effect it would have on the EA but I get the same results no mater what I set it to.
Should I see a point where if I raise it far enough trading should stop or at lease change the results?
  • #662
  • Mar 6, 2009 1:38am Mar 6, 2009 1:38am
Quoting Abnormalone
I have been trying to change the volume parameter to see what effect it would have on the EA but I get the same results no mater what I set it to.
Should I see a point where if I raise it far enough trading should stop or at lease change the results?
Hi Abnormalone,

The volume parameter does affect trading. If the current volume is below the MinVolume, then it won't trade. Of course there could be a bug, but when I tested it with a volume of 600000 no trades were placed

Note that on EURUSD M30 the volume range for the past few days has been between 170 and 3500!
  • #663
  • Mar 6, 2009 7:56am Mar 6, 2009 7:56am
The volume parameter does work. My mistake for not setting it high enough. Does not seem to effect the profit much at least in the way I was hoping for.
  • #664
  • Mar 6, 2009 8:53am Mar 6, 2009 8:53am
Quoting Abnormalone
The volume parameter does work. My mistake for not setting it high enough. Does not seem to effect the profit much at least in the way I was hoping for.
Yes, on it's own it doesn't really do much. Now I've discovered the optimisation facility in MT4 then I might run some tests with all the 'options' enabled
  • #665
  • Mar 6, 2009 9:40am Mar 6, 2009 9:40am
Hey guys, if it's not too much trouble I was hoping somebody well versed with this EA could post their preferred settings line by line?
" Average traders look to the left, great traders look to the right."
  • #666
  • Mar 6, 2009 9:45am Mar 6, 2009 9:45am
If you have never used it before you will find that it only shows the good results unless you right click on Optimize results screen and click show useless results. It might save you some time if you look at post #655 and use the numbers I have as the center of your range for those 3 pairs and time frame. I also get much better results leaving Trailing stops at false on every pair I have tested at lower time frames. Be prepaired for some long run times if you select a lot of parameters to optimize at one time.
  • #667
  • Mar 6, 2009 9:54am Mar 6, 2009 9:54am
Quote
Quoting magicchance
Hey guys, if it's not too much trouble I was hoping somebody well versed with this EA could post their preferred settings line by line?
Setting will vary from one broker to another. The main settings I change for FXDD can be found at the top of the picture in post #655
  • #668
  • Mar 6, 2009 10:28am Mar 6, 2009 10:28am
Thanks, I've already printed that pic so I can crib off of it. Can you also direct me to a post that describes what all the different settings mean exactly? I don't normally use EA's and I'm definitely not a programmer, so many of those settings are lost on me. But I'm willing to learn...
" Average traders look to the left, great traders look to the right."
  • #669
  • Mar 6, 2009 11:08am Mar 6, 2009 11:08am
Hi, everyone,

I just downloaded the ea and backtested it to the ideal settings on a 5M-basis. It seems to work well, but for some reason he just creates big losses from time to time...a bug?
Attached Image (click to enlarge)
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  • #670
  • Mar 6, 2009 11:13am Mar 6, 2009 11:13am
Quoting TradeItEasy
Hi, everyone,

I just downloaded the ea and backtested it to the ideal settings on a 5M-basis. It seems to work well, but for some reason he just creates big losses from time to time...a bug?
No bug, it's just that IB's are not guaranteed to always work. When they lose, they lose big time
  • #671
  • Mar 6, 2009 11:16am Mar 6, 2009 11:16am
Quoting magicchance
Thanks, I've already printed that pic so I can crib off of it. Can you also direct me to a post that describes what all the different settings mean exactly? I don't normally use EA's and I'm definitely not a programmer, so many of those settings are lost on me. But I'm willing to learn...
The first post is as good as it gets for settings and descriptions
  • #672
  • Mar 6, 2009 11:27am Mar 6, 2009 11:27am
Hi, 1ka,

is there no way to restrict the losses? I mean as an option given in the properties settings. It might just be a nice try to test it...
  • #673
  • Mar 6, 2009 11:42am Mar 6, 2009 11:42am
Quoting TradeItEasy
Hi, 1ka,

is there no way to restrict the losses? I mean as an option given in the properties settings. It might just be a nice try to test it...
If I could do that then I'd be running this live and making a fortune.
  • #674
  • Mar 6, 2009 4:04pm Mar 6, 2009 4:04pm
Quoting 1ka
Yes, on it's own it doesn't really do much. Now I've discovered the optimisation facility in MT4 then I might run some tests with all the 'options' enabled
Just be careful. Here is a quote from an expert: "When optimizing your EA, you should optimize as few parameters as possible. Optimizing too many parameters leads to curve-fitting, which produces great results in optimization, but performs poorly in real time trading."
I might add (being a scientist:nerd:blush: that indeed curve fitting can direct you in the completely wrong direction. In science we say that with enough parameters you can do a curve fit an elephant... So I would suggest an optimization of the most critical parameters first and then keep those stable to optimize the less critical ones.
  • #675
  • Edited 3:59am Mar 7, 2009 3:44am | Edited 3:59am
Read this carefully.

If you want to have good results:

1. do not trade in a time frame less than 4H (only 4H and Daily).
By doing this, you should know that every broker has its own local time and 4H/Daily bars look different in a different brokers.
2. Trade only the break of the Outside bar.
3. Eliminate small Outside bars (less than 0.9 average size).
4. Eliminate big Outside bars (more than 1.8 average size).

You will have much less trades but many more success.

Good luck.
  • #676
  • Mar 7, 2009 7:42am Mar 7, 2009 7:42am
Quoting smilee89
Read this carefully.

If you want to have good results:

1. do not trade in a time frame less than 4H (only 4H and Daily).
By doing this, you should know that every broker has its own local time and 4H/Daily bars look different in a different brokers.
2. Trade only the break of the Outside bar.
3. Eliminate small Outside bars (less than 0.9 average size).
4. Eliminate big Outside bars (more than 1.8 average size).

You will have much less trades but many more success.

Good luck.
Smilee - have you traded your suggestion over a period of time, say 4-6 mos? Very interesting comments, thank you. p.
  • #677
  • Mar 7, 2009 1:35pm Mar 7, 2009 1:35pm
There's an interesting technique being used in the thread here that describes a system for trading using Inside Bars on the 30M charts.

(Hmm, that thread just got deleted and all that good stuff is now in the bin. Shame on Forex Factory).

The owner of the thread would like to keep it 'pure', so this thread is a companion thread that takes the pure system and suggests improvements or alternative ways of working. Hopefully we can come up with a new system that enhances the current one.

Everyone is welcome to discuss the IB technique. In particular, it would be interesting to hear what works, and doesn't work, for you.

Ultimately, my personal goal is to create an EA that can work based upon the IB technique.

++++++++++++++++++++++++++++++++++++++++++++++++

Can't you recover that stuff and post it here?

Is this thread mainly for EA discussion?

The DIBS works very well.
  • #678
  • Mar 8, 2009 5:55am Mar 8, 2009 5:55am
Quoting EdKabala
Can't you recover that stuff and post it here?

Is this thread mainly for EA discussion?

The DIBS works very well.
The thread is in the bin here.

Whilst I'm mainly interested in the EA, others have been discussing various trading options. You are welcome to post anything that you think is relevant.
  • #679
  • Mar 8, 2009 6:00am Mar 8, 2009 6:00am
Daily and weekly results.
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  • #680
  • Mar 8, 2009 6:16am Mar 8, 2009 6:16am
Cumulative trading charts. Last weeks charts are here.

0900 GMT still seems like a good time to trade, as does 1800GMT. EURJPY still the big loser overall.
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