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Inside Bar Trading Revisited

  • #761
  • Apr 9, 2009 10:50am Apr 9, 2009 10:50am
This is an example of what I was trying to explain in post 759. Offset was at 8 pips Max Start was at 40 the OB top was 1.4490 and it executed a buy at 1.4510. Since I first saw this I have learned if you set Max start to a lower number it will not do this. In the example it did not mater anyway because it was a winner.
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  • #762
  • Apr 9, 2009 3:59pm Apr 9, 2009 3:59pm
I already wrote here: Trade 4H TimeFrame only.

I have made some changes to the system.
Look at the results + a screenshot of some of the trades.
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  • #763
  • Apr 9, 2009 4:58pm Apr 9, 2009 4:58pm
Quote
Quoting smilee89
I already wrote here: Trade 4H TimeFrame only.

I have made some changes to the system.
Look at the results + a screenshot of some of the trades.
Did you post EA here?
  • #764
  • Apr 9, 2009 5:04pm Apr 9, 2009 5:04pm
not yet.
I am still working on improving it.
  • #765
  • Apr 10, 2009 2:06am Apr 10, 2009 2:06am
Quoting smilee89
not yet.
I am still working on improving it.
Well, we would be glad to test it.
Could you explain the principles and how it is different from using 4h on 1ka's EA?
  • #766
  • Apr 10, 2009 2:30am Apr 10, 2009 2:30am
http://www.forexfactory.com/showthre...22#post2586622
  • #767
  • Apr 10, 2009 2:58am Apr 10, 2009 2:58am
Quoting smilee89
I already wrote here: Trade 4H TimeFrame only.

I have made some changes to the system.
Look at the results + a screenshot of some of the trades.
Nice smilee89.

I see that the average win ratio is not much different to the results I achieve. What is different is that your average profit and average loss ratios are much the same - my average loss tends to be 5x the average profit, thus reducing the overall profitability. Is this purely down to trading 4H and restricting IB size, or is there something else to it?
  • #768
  • Apr 10, 2009 3:06am Apr 10, 2009 3:06am
Very simple.
In 4H you do not have much 'noises' as in 30 min.
Also - I trade the break of the OB and not the break of the IB.
  • #769
  • Apr 10, 2009 3:11am Apr 10, 2009 3:11am
Quoting kirl
...
I am working on the addition of custom indicators to the EA through your external source tool. However, I am having a bit of a problem having the EA recognize the indicator's signal. I hate to burden you, but can you give me an example, possibly with a screen shot of the Expert Properties window and/or set file to demonstrate the settings? Perhaps you could use a simple indicator such as MACD or a moving average.

Again, thank you for your efforts,
Kirl
Hi Kirl,

Let me see if I've understood you correctly. You are using the IBTrader-Ind extension to control when the EA should trade, yes? In here you are using a custom indicator and writing some logic to return true/false when it's a good time to trade, yes?

If that is the case, then you need to use the iCustom method of MT4, something like this:

double value = iCustom(Symbol(), Period(), "IND_NAME", IND_PARAM_1, IND_PARAM_2, ... IND_NUMBER, SHIFT);

if ( value > 10.0 ) trade=true;

The MT4 help can give you more details on how this command should be used. Note that you don't need to have the indicator on the chart, it just needs to be on the experts\indicators directory.
  • #770
  • Apr 10, 2009 3:12am Apr 10, 2009 3:12am
Quoting smilee89
Very simple.
In 4H you do not have much 'noises' as in 30 min.
Also - I trade the break of the OB and not the break of the IB.
I think I need to trade 4H
  • #771
  • Apr 10, 2009 3:18am Apr 10, 2009 3:18am
Quoting 1ka
I think I need to trade 4H
Good luck.
Please post your interesting conclusions.
  • #772
  • Apr 10, 2009 3:30am Apr 10, 2009 3:30am
For all you people who run MT4 on another computer full time, here is a potential useful program I wrote that monitors the connection between MT4 and the broker. In the event of any problems, it will try to email you so that you can have a look and fix it. See here for more details, and scroll down to the fourth post.
  • #773
  • Apr 10, 2009 11:14am Apr 10, 2009 11:14am
Quoting 1ka
Nice smilee89.

I see that the average win ratio is not much different to the results I achieve. What is different is that your average profit and average loss ratios are much the same - my average loss tends to be 5x the average profit, thus reducing the overall profitability. Is this purely down to trading 4H and restricting IB size, or is there something else to it?
I can get similar results with your EA. The big difference is in the number of trades. Smilee89 shows 219 trades for the same period that I can only get 28. I think part of this is due to Smilee making multiple entries on the same IB. On 4 hr time frame the profit loss ratio seem to equalize better. The problem is I do not think this will preform as well when you change to a time period that is not included in your optimized period.
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  • #774
  • Apr 10, 2009 1:48pm Apr 10, 2009 1:48pm
Quoting Abnormalone
I can get similar results with your EA. The big difference is in the number of trades. Smilee89 shows 219 trades for the same period that I can only get 28. I think part of this is due to Smilee making multiple entries on the same IB. On 4 hr time frame the profit loss ratio seem to equalize better. The problem is I do not think this will preform as well when you change to a time period that is not included in your optimized period.
It is true I divide each trade to 3 lots.
Do not change to any other time period.
Again: Trade only the 4h TimeFrame. Am I clear enough?
  • #775
  • Apr 10, 2009 2:36pm Apr 10, 2009 2:36pm
Quoting smilee89
It is true I divide each trade to 3 lots.
Do not change to any other time period.
Again: Trade only the 4h TimeFrame. Am I clear enough?
Have you tried forward testing yet. I get better results so far on 30 min or 60 min when forward testing.
  • #776
  • Apr 11, 2009 2:23am Apr 11, 2009 2:23am
I run it now.
  • #777
  • Apr 11, 2009 11:17am Apr 11, 2009 11:17am
"Warning. Any thread on Forex Factory could be deleted. You will not have a say in the matter and all the effort you put into your posts will be wasted."

You weren't kidding. They banned Money4Nothing. Who's next?
TRO
  • #778
  • Edited 4:39am Apr 12, 2009 3:23am | Edited 4:39am
Quoting 1ka
Folks, whilst working on another EA which is very time sensitive we have noticed that the switch to DST has caused a few problems....
Further thoughts on this.

Not all the world moves to DST at the same time, so trading patterns will vary whilst part of the world is using DST and the other not. e.g. when the US moves to DST Europe has not, so the US is perceived as opening an hour earlier and thus trading an hour earlier for an hour shorter.

So, if you are trading specific hours you will have a transitional period where the hours you are trading could be wrong for the market you are trading in.

Not sure how you get around this problem I'm currently running a 4 week back test each week to determine what the optimum trading parameters are, but am basing my trading times on the cumulative profit/loss since Jan 2009.
  • #779
  • Apr 13, 2009 2:47pm Apr 13, 2009 2:47pm
Quoting smilee89
Do not change to any other time period.
Again: Trade only the 4h TimeFrame. Am I clear enough?
Have you tried the 4 hr time frame on any platforms beside FXDD? FXDD starts their 4 hr bar at GMT -2, IBFX starts their 4 hr bar at GMT -1 and it makes a huge difference in how they trade. On FXDD I can get several pairs to trade fairly well, GBP/JPY being the best. On IBFX I cannot get near the same performance
  • #780
  • Apr 13, 2009 3:08pm Apr 13, 2009 3:08pm
It happens if you do not read my messages.
I already wrote about the difference between the broker's time.
Nobody replied my messages until I uploaded a graph and a statement that show that 4h is the best.
I have also good results with Alpari which has different broker time.

Interbank and other brokers that open trades on Sunday are much complicated but still, you can get good results if you make some adjustments to the system.
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