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Inside Bar Trading Revisited

  • #701
  • Edited 4:04am Mar 11, 2009 3:58am | Edited 4:04am
Quoting kostas1
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.
Trail trends should be working. What happens is that when profit has been taken at 1/2 ATR then the SL is brought up to a BE point. When the price moves, the SL and TP are moved with it in an attempt to follow the trend. If the trend reverses, then SL/TP don't change.

The setting for TPFactor affects where the initial TP is set (as a factor of ATR). If your TrailATRFactor is too low (below say 0.3) then it could be that minor price reversals are hitting the SL too early.

The EA uses the Broker time. This is the time you see associated with the bars on your chart.
  • #702
  • Mar 11, 2009 5:35am Mar 11, 2009 5:35am
The setting for TPFactor affects where the initial TP is set (as a factor of ATR). If your TrailATRFactor is too low (below say 0.3) then it could be that minor price reversals are hitting the SL too early.
The EA uses the Broker time. This is the time you see associated with the bars on your chart.[/quote]

Clear on both answers. (I am running with TrailATRFactor 0.2)
  • #703
  • Edited 11:04am Mar 11, 2009 10:20am | Edited 11:04am
Profit and Trades by Day. The second graph shows daily hours. Note that this one starts at 0800 Monday and finishes 2200 Friday.

I'll do the individual currencies soon.
Attached Images
  • #704
  • Mar 11, 2009 3:09pm Mar 11, 2009 3:09pm
If only all days were like this.
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  • #705
  • Mar 12, 2009 4:05am Mar 12, 2009 4:05am
Quoting 1ka
If only all days were like this.

1ka,
I know you have answered before but the results that you are showing are based on EURUSD or more pairs?
  • #706
  • Mar 12, 2009 4:18am Mar 12, 2009 4:18am
Quoting kostas1
1ka,
I know you have answered before but the results that you are showing are based on EURUSD or more pairs?
Many pairs on M30 since mid-Jan.

Browse back a few pages and look at the charts, some show the currencies being used
  • #707
  • Mar 12, 2009 5:51am Mar 12, 2009 5:51am
Quoting 1ka
Many pairs on M30 since mid-Jan.

Browse back a few pages and look at the charts, some show the currencies being used
My back/forward testing on EUR/USD appears promising. I think Abnormalone a few posts back also showed a nice EUR/USD graph. Would it make sense to focus on this pair and see if the EA can go live, while testing the other pairs in demo?
  • #708
  • Mar 12, 2009 9:25am Mar 12, 2009 9:25am
Quoting kostas1
My back/forward testing on EUR/USD appears promising. I think Abnormalone a few posts back also showed a nice EUR/USD graph. Would it make sense to focus on this pair and see if the EA can go live, while testing the other pairs in demo?
If I were to go live now my first choice would be E/U 30 min or U/J 30 min followed by E/U 60 min and U/J 60 min. This opinion is based on the least amount of Draw down using FXDD data. These also showed up best on IBFX but I learned late yesterday that my data was corrupted on IBFX and I will have to reload history somehow in order to fix the problem. The only other pairs I have tested are E/J and G/U and they both showed greater Drawdown and so far are preforming worst on forward test.
  • #709
  • Mar 12, 2009 11:39am Mar 12, 2009 11:39am
abnormalone - thanks for the observations & luckily for me those 2 have the lowest spreads w/Oanda. will continue to demo to get to profitability. p
  • #710
  • Mar 12, 2009 5:19pm Mar 12, 2009 5:19pm
Today's results
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  • #711
  • Mar 14, 2009 6:31am Mar 14, 2009 6:31am
Only started this late on Friday (shouldn't have bothered )
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  • #712
  • Mar 14, 2009 6:43am Mar 14, 2009 6:43am
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.
Attached Images
  • #713
  • Mar 14, 2009 6:57am Mar 14, 2009 6:57am
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. The EA has been configured with default settings and has no optimisations applied.

The previous charts are here.
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  • #714
  • Mar 14, 2009 6:59am Mar 14, 2009 6:59am
And the others...
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  • #715
  • Edited 3:39am Mar 15, 2009 3:38am | Edited 3:39am
Quoting kostas1
1ka,

Do you think a date function would be useful? For example, it might be interesting to avoid Fridays, Mondays, etc.

The EA has been modified so that you can specify the hours for each day of the week. You can pick it up from the first page. I haven't extensively tested it, so report any issues back to me please.
  • #716
  • Mar 15, 2009 5:19am Mar 15, 2009 5:19am
Quoting 1ka
The EA has been modified so that you can specify the hours for each day of the week. You can pick it up from the first page. I haven't extensively tested it, so report any issues back to me please.
Good job!
Preliminary testing shows that removing Tuesdays improves EURUSD
  • #717
  • Mar 15, 2009 9:39am Mar 15, 2009 9:39am
Quoting kostas1
Good job!
Preliminary testing shows that removing Tuesdays improves EURUSD
I think the results of the EA are going to vary greatly depending on the broker you use. My test for trading hours show similar results to 1ka's when I use IBFX but if I transfer the same hour to FXDD and adjust for 3 hour time difference the results are unbelievably different.

Just a small test on day of week using E/U and without changing any other inputs I show Mon Tue Thur being about equal on % profit trades. Wen and Fri are close to the same and about 6% better than the other 3 days.
  • #718
  • Mar 16, 2009 1:30am Mar 16, 2009 1:30am
Quoting Abnormalone
I think the results of the EA are going to vary greatly depending on the broker you use. My test for trading hours show similar results to 1ka's when I use IBFX but if I transfer the same hour to FXDD and adjust for 3 hour time difference the results are unbelievably different.

Just a small test on day of week using E/U and without changing any other inputs I show Mon Tue Thur being about equal on % profit trades. Wen and Fri are close to the same and about 6% better than the other 3 days.

Interesting...
I am using FxPro by the way.
  • #719
  • Mar 16, 2009 7:17am Mar 16, 2009 7:17am
My IBFX account was a dedicated tester till last week and I decided to let it go on line to forward test and when I did I had to update the program. Since updating I have not been able to optimize with it so I am trading 2 pairs using optimized results that were done before I updated and 2 pairs that were optimized on FXDD and just shifting the hours to match IBFX time to see what will happen. I am running the same 4 pair on 2 time frames on FXDD to see how the results match up.
  • #720
  • Mar 16, 2009 9:14am Mar 16, 2009 9:14am
I did some reading & looking over old notes & strategies this past weekend and on Candlesticker.com an IB (harami) has low reliability for reversal. An OB (engulfing) has medium reliability. I wonder how much chart watching & EA effort should be devoted to low reliability? At the least perhaps one should consider only OBs. And I don't know how accurate or tested "candlesticker's" methodology was to determine "low" or "medium" reliability. Comments anyone?
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