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Inside Bar Trading Revisited

  • #681
  • Mar 8, 2009 12:12pm Mar 8, 2009 12:12pm
I've updated the EA in Post 1 so that you can specify the hours you want to trade, by the hour.

Use the attached spreadsheet to calculate the value for the required hour. I haven't tried the Spreadsheet in excel, but should work.
  • #682
  • Mar 8, 2009 1:30pm Mar 8, 2009 1:30pm
Quoting miskec
Tried it, works like a charm. Thanks!
Cheers for the confirmation
  • #683
  • Mar 8, 2009 2:08pm Mar 8, 2009 2:08pm
I must be brain dead today, I am not sure I understand spread sheet.
If you want to trade from 6 GMT till 16 GMT do you put x in 6 and 16 or 6 and 10? Do you use broker time, GTM, or local time?
  • #684
  • Edited 2:42pm Mar 8, 2009 2:27pm | Edited 2:42pm
Quoting Abnormalone
I must be brain dead today, I am not sure I understand spread sheet.
If you want to trade from 6 GMT till 16 GMT do you put x in 6 and 16 or 6 and 10? Do you use broker time, GTM, or local time?
Hi Abnormalone,

You put an X in the hour you want to trade, so for 6 to 16, you would put X's in 6,7,8,9....16. If you only wanted to trade 6 and 16, you would put X's in only 6 and 16.

Note that you need to delete the X's to remove them, not just put a space in it. I should have made it so that it actually checked the X, not just checked for a blank cell.

Update -> Changed the spreadsheet so that it checks for an 'X' or 'x'
  • #685
  • Edited 2:56pm Mar 8, 2009 2:30pm | Edited 2:56pm
Attached are the individual currency charts showing when it's a good time to trade. Note that these results are from Alpari UK's demo feed and the hours are GMT+1 on the 30M charts using Outer bar IBs. The results date from late Jan.
Attached Images
  • #686
  • Mar 8, 2009 2:32pm Mar 8, 2009 2:32pm
... and the rest...
Attached Images
  • #687
  • Mar 8, 2009 2:46pm Mar 8, 2009 2:46pm
[
Quote
quote=1ka;2587863]Hi Abnormalone,

You put an X in the hour you want to trade, so for 6 to 16, you would put X's in 6,7,8,9....16. If you only wanted to trade 6 and 16, you would put X's in only 6 and 16.

Note that you need to delete the X's to remove them, not just put a space in it. I should have made it so that it actually checked the X, not just checked for a blank cell.

Update -> Changed the spreadsheet so that it checks for an 'X' or 'x'
[/quote]


Thats was a great idea. Will take some time to test it, but your charts will help a lot.
  • #688
  • Mar 8, 2009 3:44pm Mar 8, 2009 3:44pm
Your fantastic. I have looked at a lot of EA's and never seem one with the ability to turn time on and off this way. If I had an account with IBFX I think I would be tempted to go live today with results like this.
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  • #689
  • Mar 8, 2009 3:50pm Mar 8, 2009 3:50pm
Quoting Abnormalone
Your fantastic. I have looked at a lot of EA's and never seem one with the ability to turn time on and off this way. If I had an account with IBFX I think I would be tempted to go live today with results like this.
Thanks

It seemed the obvious thing to do as certain hours seem to be more profitable than others.
  • #690
  • Mar 8, 2009 4:37pm Mar 8, 2009 4:37pm
Quoting kostas1
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 think that this is related to the 'genetic algorithm' setting where MT4 seems to 'home' in to certain settings. Turn this off and it runs through all combinations. It's easier to see patterns when doing it without the genetic algorithm stuff so you can stop and tweak to reduce the number of iterations.
Attached Image
  • #691
  • Mar 8, 2009 7:37pm Mar 8, 2009 7:37pm
Usually makes sense to trade the JPY pairs during the Asian session...

http://i43.tinypic.com/kois0.gif
TRO
  • #692
  • Mar 9, 2009 2:07am Mar 9, 2009 2:07am
Quoting Money4Nothing
Usually makes sense to trade the JPY pairs during the Asian session...
I don't leave my PC on overnight that much, so there is a trading bias towards GMT 0700~2100. You can see this in the individual charts where the number of trades drops outside of these times.
  • #693
  • Mar 9, 2009 5:29am Mar 9, 2009 5:29am
1ka: I see - so your Hour of Day charts are not really correct. So I might have drawn wrong conclusions.
__Thanks__ MJ
  • #694
  • Mar 9, 2009 5:43am Mar 9, 2009 5:43am
Quoting M_j
1ka: I see - so your Hour of Day charts are not really correct. So I might have drawn wrong conclusions.
Probably You can only use these as a 'guesstimate' of when to trade. You need to run your own simulations to see if there is any crossover.

The choice of broker will affect you too. You've only got to look at the PipCop website to see how EA's are affected by brokers. Quite astonishing really.

Bear in mind also that the profit/loss for each trade is affected by the settings I used for the IB at the time. Most of them are defaults, so shouldn't be too much of a problem.
  • #695
  • Mar 9, 2009 12:21pm Mar 9, 2009 12:21pm
Modified the EA to add a comment onto the screen to show what hours are being traded. Pick it up from the first post.
  • #696
  • Mar 9, 2009 4:27pm Mar 9, 2009 4:27pm
1ka,

Do you think a date function would be useful? For example, it might be interesting to avoid Fridays, Mondays, etc.
  • #697
  • Mar 9, 2009 4:41pm Mar 9, 2009 4:41pm
Quoting kostas1
1ka,

Do you think a date function would be useful? For example, it might be interesting to avoid Fridays, Mondays, etc.
Yes it's a good idea. Unfortunately I'm using the Derby database and I can't get the weekday out of it using SQL. (not without writing my own user defined function). When I can do day-charts that are similar to the hour-charts then I'll attempt this.
  • #698
  • Mar 10, 2009 2:12am Mar 10, 2009 2:12am
Quoting kostas1
1ka,

Do you think a date function would be useful? For example, it might be interesting to avoid Fridays, Mondays, etc.
I think generally a trading system should have such option.

In my base system I have a flexible way to avoid trading based on weekdays and hours. Not sure if such is possible with MT4.

To give you some input: I have this 4 parameters (mainly use it to stop for weekends and restart on Monday after the spreads have normalised):

This are my current Weekend Trading Block parameter:
(DayNumber=0 - Monday)
(DayNumber=4 - Friday)
(hour - UTC time)

StopDayNumber=4, StopHour=20, StartDayNumber=0, StartHour=1

so this means my Bots stop trading each Friday at 20:00 UTC and resume trading on Monday at 1:00 UTC.
__Thanks__ MJ
  • #699
  • Mar 10, 2009 3:13pm Mar 10, 2009 3:13pm
Todays results. Monday's are missing as MetaTrader started up with a very old profile that ran some ancient EA's that lost $200 immediately. Anyone else get that problem with Metatrader?
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  • #700
  • Mar 11, 2009 3:45am Mar 11, 2009 3:45am
1ka,
a) is the TrailTrends function operational? With my settings on the rest of the parameters I get exactly the same results with the TrailTrends true or false.
b) For the time calculator, I was not sure if it is using my PC time or broker time.
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