Tdion's Corner

Greetings.

I've been away for awhile. Stepped back from Forex and spent a lot of time on myself these past months.

I got a wild hair to look at the charts again last night, and then I started thinking about what I was seeing. I whipped out some MQL and after several hours, had a nice profitable EA.

The key thing I should note is, I have changed a lot since I joined Forex Factory in 2005. I was a fulltime Computer Science student, and it warped my thinking. Everything had to be controlled. Everything was put into some sort of percentage matrix and quantified to the Nth degree.

These days I'm a lot more chill. I think a small amount of the engineering stuff is good for Forex, but not the sole. At least, that's where I am. No longer a quant.

The new EA trades on daily EURUSD charts. It's a breakout system, and shows 15,500 pips over the past 20 years. The old EA I wrote $hit the bed after Lehman Brothers fell.

So, I am willing to trade my EURUSD strategy to someone that has an equally profitable strategy for the GBPUSD or some other pair. Quid pro Quo. The 15,500 are very realistic pips, accounting for a 2 pip spread.

Well, enough boring stuff. I'll write more later.

Simple works, getting there may be very complex.

True.

Just wrote a retracement function. Pip count is up to 22,500.

The EA I wrote last year was trading H1 price action patterns. Too much chaos. Especially this past year.

The new EA is trading only D1 breakouts. When EURUSD moves up and down, this EA seems to do a nice job of capturing some of the momentum. If a trade turns against it, it reenters a new trade hoping for retracement.

Obviously there are no guarantees. This is a 20 year backtest.

PM me if you have anything with similar results for the GBPUSD or any other pair. I don't want to be trading only EURUSD.

The graph I posted doesn't have any money management. It is trading 0.1 lots per trade, where each pip is worth a $.

Raw performance showing pip drawdowns. 2006 and 2007 not so good, as you can see in the dip.

Welcome back T.

My brother tolerating my forex rants for years on end. Finally one day he said to me, "Is it worth a $hit?" My brother is an MBA (well, after 2 more classes.) I've gotta agree with him.... is my stuff worth a $hit?

You tell me....

This is what I have.... 1998-2010, 20470 pips, depending on the spread, max drawdown 900 pips.

I say it's worth a $hit.... I say it's gotta be something.... 12 years and 1770 trades..... no scalping for 1 or 2 pips, but anywhere from 25 to 70 per trade..... It's gotta be something........

Is this the one from your website?

I would be careful to develop strategies in MT4, the volatility in each bar is extremely high because of the interpolation of ticks.

Rather use tick data, the only broker that I know of with real tick data is JTrader, nice developing platform you should try it.