DislikedHi Guys,
I've been busy creating a s/sheet with various SLs and TPs.
I've also added 2 indicators to the chart. Slope Direction line. Same indicator but with different settings.
Taking trades when both slopes align with breakout direction, it's vastly superior and more profitable. I've only gone as far back as August but I'll be going back to Jan 09 eventually.
If anyone is interested, I can add the s/sheet.Ignored
7am-9am Big Dog USD Breakout Strategy
- #1,688
- Sep 27, 2009 6:34am Sep 27, 2009 6:34am
Breakout EA
thank for your effort and sharing
i'm just starting to do some backtests using your EA
the first impression i had is that this strategy doesn't look profitable using your EA (it is like 20% loss for last 5-6 weeks*) while i did some visual backtest yestarday using gub indicator, which showed for almost the same period + 2 weeks following results:
GBPUSD
17.07-20.09
AVG BOX SIZE (average sl) 65 / 69 wit spread
TP@45 spr4 = 41
10 LOSSES 40 WINS win/loss 4:1
risk/reward 7:4
and it was profitable
i believe its because of custom money & position management and i'm not sure it is possible to set manually/turn it off in your EA
i'm just wondering... is it possible for you to make small changes, cut some of the code and make a more simple version of this ea , with pure original rules and
- only one TP level (others optional)
- manually set position size, no money managemnt, or as an option
+ trailing as an option
+ stop loss addon as an option
or could you please tell me what parameters should I type in when i want to use original rules of this strategy
My broker is London time
what is day start hour for?
look back bars - is it
max range? - means when box is higher than value then no trade?
*-i've changed risk to 0.05, all 3 TP levels to 45
btw. great idea with adding SLaddOn
or it's just me and i just can't use your tool
may b too complicated for me this moment
thank for your effort and sharing
i'm just starting to do some backtests using your EA
the first impression i had is that this strategy doesn't look profitable using your EA (it is like 20% loss for last 5-6 weeks*) while i did some visual backtest yestarday using gub indicator, which showed for almost the same period + 2 weeks following results:
GBPUSD
17.07-20.09
AVG BOX SIZE (average sl) 65 / 69 wit spread
TP@45 spr4 = 41
10 LOSSES 40 WINS win/loss 4:1
risk/reward 7:4
and it was profitable
i believe its because of custom money & position management and i'm not sure it is possible to set manually/turn it off in your EA
i'm just wondering... is it possible for you to make small changes, cut some of the code and make a more simple version of this ea , with pure original rules and
- only one TP level (others optional)
- manually set position size, no money managemnt, or as an option
+ trailing as an option
+ stop loss addon as an option
or could you please tell me what parameters should I type in when i want to use original rules of this strategy
My broker is London time
what is day start hour for?
look back bars - is it
max range? - means when box is higher than value then no trade?
*-i've changed risk to 0.05, all 3 TP levels to 45
btw. great idea with adding SLaddOn
or it's just me and i just can't use your tool
may b too complicated for me this moment - #1,689
- Edited 3:00pm Sep 27, 2009 8:14am | Edited 3:00pm
- | Joined Aug 2009 | Status: Trader | 8 Posts
- the calculation for the high and lows between 7am-9am NY, I want to add a buffer of 20 pips on either side and have those prices as our entry for long/short
If you mean you would like to have your entry outside of the box then this does that:
Breakout: Enter a number here (can enter a -figure) to adjust where the breakout line sits. This allows you to have the buy/sell orders placed above or below the box edges. For example. The top of the box is at 1.0100, the bottom is at 1.0050 - entering 5 (for example) in this field means that the box will become 5 pips wider at each end, so the orders will be placed at 1.0105 and 1.0045 respectively. Entering a negative figure shortens the box, so the orders will (in the case of -5, and using the above figures) be set at 1.0095 and 1.0055.
- set the stop loss at the opposing entry (so if I'm going long, the stop loss is at the price entry for the short)
This is the default stop loss on the EA already and can be altered here:
StopLossAddon: Enter a figure here to move the stop loss from the top/bottom of the box. A minus figure will move the stop loss above/below the outside of the box, a positive figure will move it inside the box. So for instance, if the top of the box is at 1.0100, and the bottom is at 1.0050 a stop loss addon of 20 would set the stop loss for a buy transaction at 1.0070, and stop loss for a sell transaction at 1.0080.
- set that the trading signals apply until the start of the next day at 7am
The EA can keep trades open for as long as ou like. Use the 'Day End Hour' Setting.
Hope this helps
I would very much like to speak to someone who has some coding skills to 'finish off' this EA. I think it would be the best EA available for this strategy if a few minor errors can be fixed. I have limited coding skills myself. I directed a coder with limited forex skills in building it and it just needs a litte more to get it 100%. I am probably not going to end up ever using it myself, but don't like leaving jobs like this unfinished.
- #1,692
- Sep 27, 2009 3:02pm Sep 27, 2009 3:02pm
GBPUSD
17.07-20.09
AVG BOX SIZE (average sl) 65 / 69 wit spread
TP@45 spr4 = 41
10 LOSSES 40 WINS win/loss 4:1
risk/reward 7:4
and it was profitable
thats all i have
i did that "backtest" for 15 minutes yesterday just to give myself general view it's not 100% accurate
I only wanted to check how many times during last 60 trading days TP(45pips) was hit, just eyeballing on screen (with breakout idicator) it gave me 40 wins vs 10 lossess i havent measured every loss but later I measured average box size
from above you have:
10 losses x 69pips = 690pips (based on average box size from that period- not particular losses)
40 wins x 41pips = 1640pips (this i think is 95% accurate)
1640-690=950pips
i would be surprised if the real result was lower than 500 pips in fact it may be more than 1000pips, but i dont know it.
the EA... it is hard to compare becase of money management i have 170$ profit for the same period dont know the result in pips and,
win / loss for the same period as my backtest 54%/46% so its completely different
broker time zone 6
day start 9
day end 21
BUT I DON'T KNOW IF I SET IT CORRECTLY FOR THIS BROKER GMT+1
I DONT KNOW HOW TO USE THAT EA
- #1,696
- Sep 29, 2009 4:44am Sep 29, 2009 4:44am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam