Here's the updated version. But I don't have an account on a 5-digits broker, so I cannot test it.
For now the results are not good enough. Actually, while I was studying your charts, I noticed you put your entry orders at the exact candle close. But in real life, for long positions, we buy at Ask price, which is not shown by default on our charts.
In a system like this, with tight TP and SL, such differences do matter. But I think we can apply some filters to our entries.
For now the results are not good enough. Actually, while I was studying your charts, I noticed you put your entry orders at the exact candle close. But in real life, for long positions, we buy at Ask price, which is not shown by default on our charts.
In a system like this, with tight TP and SL, such differences do matter. But I think we can apply some filters to our entries.
...
. In chart#2. This chart contains clear examples on how the Ea should trade. I think I did not forget any detail. In case of any doubt don't hesitate to contact me. Eufonia I'm most gratefull that you are willing to code this experimental idea and I really appreciate all the input and contributions.
For your first entry in example, consider a constant spread of 1.8pips:
Open Candle: 1.43322
Bid: 1.43322
Ask: 1.43340 (Bid+Spread)
Entry: 1.43340
TP: 1.43458 = 11.8p (1.43340+0.00100+0.00018 , Entry+TP+Spread)
SL: 1.43222 = 11.8p (1.43340-0.00100-0.00018 , Entry-SL-Spread) or (1.43322-0.00100 , Bid-SL)
Exit for long is valid only when Bid=TP or Ask=SL.
I did some offline backtesting, using constant spread of 1.8p, with the help of SpreadGenerator_v1.1. With the above clearly defined, here's the sequence you posted earlier:
On 3rd entry (short), the TP is hit by Bid price at the candle you pointed, but the TP order get's not executed, because Ask price never made it to TP, because of spread. Order closed 3 candles later, but the sequence has changed from now on... Spread is the most important factor in my opinion, as stated on earlier posts.
I've fixed the entry for first cross AFTER 23:00 GMT. And that's because, I see you use Alpari UK as your broker. Alpari's data feed is GMT+1. So, according to the system rules, trading starts at GMT 23:00, which is Alpari's 00:00 feed time.
Instructions for Attachements:
Put SpreadGenerator_v1.1.mq4 into your experts/scripts folder
Put NinjaGrid_v0.2.mq4 into your experts folder
Put ninjagrid_v0.2.tpl into your templates folder
From SpreadGenerator_v1.1.mq code:
Inserted Code
// How to Use.. // // 1. Install "SpreadGenerator.mq4" in expertsscripts folder. // 2. Attach "SpreadGenerator" on Target CurrencyPair Chart. // 3. Input your favorite spread value. // ( -10 ? OK....No problem.. ) // 4. This script makes "symbols.sel" in expertsfiles folder. // 5. Try Online-Backtesting with Normal Current Spread // and downloading Historical data. // // 6. Take several long breaths to calm yourself down. // // // 7. Disconnect from the Internet and Shutdown MetaTrader. // 8. Copy your "symbols.sel" and Overwrite original "symbols.sel" // in historyYOUR DEMO SERVER Accounts folder. // 9. Restart MetaTrader.( DO NOT CONNECT INTERNET !!! ) //10. Try Offline-Backtesting with YourOwnSpread. //11. Say " It's crazy!! " // // MetaTrader always overwites "symbols.sel" when connecting Server. // Don't worry about your sweet-"symbols.sel".
