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A Simple London Breakout V.2

  • #321
  • Aug 17, 2010 2:16am Aug 17, 2010 2:16am
Quote
Thanks for reply. I got your point. Is it possible to change logic of is EA to be 100 % sure that trades 2&3 are moved to BE+1 always when TP1 is hit?
Rgds,
RL
I agree, it would be silly to have the two remaining trades stopped out when they should be profitable trades. In backtesting, we obviously don't run into this, but in a live environment with spread widening and news events it could be devastating. The perfect solution is to move T2 & T3 to BE+1 if A) price hits Target 1 or B) if T1 is closed before reaching Target 1.
  • #322
  • Aug 17, 2010 2:21am Aug 17, 2010 2:21am
Quoting tazmaan
For comparison purposes, here's a decent eurusd 6 month backtest on tick data as well.
Enjoy
hi tazmaan,

the report you posted shows a martingale_sequence being set to the what i called the "fibonacci_sequence", however the lot sizes in the report are definitely the "powers_of_2_sequence"... ?!?
This is confusing...

Have you changed the EA code itself to replace the sequence ?

You could simply copy/paste the contents of the "powers_of_2_sequence" string into the "martingale_sequence" input, and that will do it... no need to change the code itself.
This is why i added those extra sequence strings in the end, just as an easy-to-find reference.

SQ
  • #323
  • Aug 17, 2010 2:22am Aug 17, 2010 2:22am
Quoting mer071898
I agree, it would be silly to have the two remaining trades stopped out when they should be profitable trades. In backtesting, we obviously don't run into this, but in a live environment with spread widening and news events it could be devastating. The perfect solution is to move T2 & T3 to BE+1 if A) price hits Target 1 or B) if T1 is closed before reaching Target 1.

absolutely!
that's what i'll do.

sq
  • #324
  • Aug 17, 2010 2:40am Aug 17, 2010 2:40am
Very nice EA guys. Tested it today on GBPUSD with an profit of +73 pips!
  • #325
  • Aug 17, 2010 2:52am Aug 17, 2010 2:52am
Quoting watcherkb
Very nice EA guys. Tested it today on GBPUSD with an profit of +73 pips!
Is the EA found on the first post? The two links there both come up as attachment.php what am I doing wrong? Thanks
May the pips be with you!
  • #326
  • Aug 17, 2010 2:56am Aug 17, 2010 2:56am
Quoting squalou
hi tazmaan,

the report you posted shows a martingale_sequence being set to the what i called the "fibonacci_sequence", however the lot sizes in the report are definitely the "powers_of_2_sequence"... ?!?
This is confusing...

Have you changed the EA code itself to replace the sequence ?

You could simply copy/paste the contents of the "powers_of_2_sequence" string into the "martingale_sequence" input, and that will do it... no need to change the code itself.
This is why i added those extra sequence strings in the end, just as an...
No, I didn't change any code, just pasted the power of 2 sequence into the ea settings. Not sure why it shows something different?
  • #327
  • Aug 17, 2010 3:02am Aug 17, 2010 3:02am
Quoting CraigFX
Is the EA found on the first post? The two links there both come up as attachment.php what am I doing wrong? Thanks
Try downloading using the paper-clip icon - top right
  • #328
  • Aug 17, 2010 4:41am Aug 17, 2010 4:41am
Mer, thank you for developing the strategy and Squalou for this EA!
Good work men.
  • #329
  • Edited 6:30am Aug 17, 2010 5:45am | Edited 6:30am
Ok,

just to compare the report of mer071898 from post #276 I have made one with the same settings. I set the tickdata with 3pips spread. Here is what I got:

But there are still some errors in the logfile.

TAKE A LOOK AT Short positions (won %) 0 (0.00%) Long positions (won %) 912 (65.13%) It must be a bug!
Attached File(s)
File Type: pdf Strategy Tester_ 3 Tier Lon...pdf   187 KB | 1,002 downloads
File Type: txt 20100817.txt   749 KB | 468 downloads
  • #330
  • Aug 17, 2010 5:48am Aug 17, 2010 5:48am
Quoting mer071898
I'm glad we can bring you over to the dark side. I am really amazed you were able to test this with such a small amount. I'd love to see the trades it took.


Well, it wouldn't be a surprise then now would it? It's nothing major, just a few changes. I'm sure everyone will be happy to see it.
There it is Mer.
Attached File(s)
File Type: zip LBO.zip   233 KB | 759 downloads
  • #331
  • Aug 17, 2010 5:52am Aug 17, 2010 5:52am
Quoting watcherkb
Hey,

1.) wanted to ask you where you have the instruction from to create those tickdata. I've found one and followed the instructions. I have 99% modelling quality too but I cant backtest in an M15 mode. M1 is doing well.

2.) do you use the fxt.multiloader to disabling the MT4 default behavior to regenerate the backtest files? If yes can you save the full report after the backtest? When I use the multilooader it shows me the dialog where I can save the report....i klick on it but nothing happen. I hope you can help me.

[b]EDIT: Found...
Hello WatchERKB

I use Birt's EA website instructions on how to DL and convert the Dukascopy data.

I do use the multiLoaded.

I set a fixed spread at 4.

I play a little with the Leverage. Sometimes I set it to 100:1, and also to 200:1 and 500:1 so as to refine my "live" strategy. (respectively FXCM, Alpari or GoMarkets) .... yes the Leverage for one's account is written in the fxt files ;-)

http://eareview.net/tick-data/commen...2#comment-1133

Take care.
  • #332
  • Aug 17, 2010 6:13am Aug 17, 2010 6:13am
Hi,
help to configure martingale .
is only 0,01 0,02 - no further work
  • #333
  • Aug 17, 2010 6:26am Aug 17, 2010 6:26am
Quoting squalou
absolutely!
that's what i'll do.

sq

Excellent !!!http://cdn.forexfactory.com/images/icons/icon7.gif

Looking forward to new version.
Thanx.
RL
  • #334
  • Aug 17, 2010 6:34am Aug 17, 2010 6:34am
Quoting vuser06
Hi,
help to configure martingale .
is only 0,01 0,02 - no further work
aggressive_fibonacci_sequence="1,2,5,13,34,89,233,610,1597,4181";
powers_of_2_sequence="1,2,4,8,16,32,64,128,256,512,1024,2048,4096";
fibonacci_sequence="1,2,3,5,8,13,21,34,55,89,144,233,377,610,987,1597";
mild_fibonacci_sequence="1,2,3,4,6,9,13,19,28,41,60,88,129,189,277,406"
  • #335
  • Aug 17, 2010 6:42am Aug 17, 2010 6:42am
Quoting watcherkb
aggressive_fibonacci_sequence="1,2,5,13,34,89,233,610,1597,4181";
powers_of_2_sequence="1,2,4,8,16,32,64,128,256,512,1024,2048,4096";
fibonacci_sequence="1,2,3,5,8,13,21,34,55,89,144,233,377,610,987,1597";
mild_fibonacci_sequence="1,2,3,4,6,9,13,19,28,41,60,88,129,189,277,406"
I have these info, but higher than 0.02 warrants will not open .. on again called 0,02
  • #336
  • Aug 17, 2010 7:13am Aug 17, 2010 7:13am
Hey SQ,

My test EA didn't work last night for some reason. Using IBFX, mini-account (nano) with .01 lots on GMT even.

I have attached my .set file and all I got was 'box' to big warnings with 'old tick data' messages in the journal.

I have the limitboxsize variable to false in the EA?

Thanks..
Attached File(s)
File Type: txt set.txt   1 KB | 417 downloads
We are our own best indicator.
  • #337
  • Aug 17, 2010 7:15am Aug 17, 2010 7:15am
Looking forward to following this thread and EA. Been trading manually similar strategy for a bit now. Would love to automate my night shift and get a full night's sleep for a change.

Awesome work! I could see a few tweaks to prevent false breakout scenarios. But will wait and see what you are already working on.

Kepp up the good work!

ScottyB
  • #338
  • Aug 17, 2010 9:50am Aug 17, 2010 9:50am
Quoting watcherkb
Ok,

just to compare the report of mer071898 from post #276 I have made one with the same settings. I set the tickdata with 3pips spread. Here is what I got:

But there are still some errors in the logfile.

TAKE A LOOK AT Short positions (won %) 0 (0.00%) Long positions (won %) 912 (65.13%) It must be a bug!

Check that the Testing>Positions in the backtester "Expert Properties" sub-window is set to "Long & Short".

SQ
  • #339
  • Aug 17, 2010 10:01am Aug 17, 2010 10:01am
Quoting squalou
Check that the Testing>Positions in the backtester "Expert Properties" sub-window is set to "Long & Short".

SQ
It is set to Long & Short
  • #340
  • Edited 11:04pm Aug 17, 2010 10:14am | Edited 11:04pm

Okay, before I try to catch up on the results from Monday, I will let everyone in on the little surprise. Like I said, it's not a big deal but most of you I'm sure will be using it.


I have added two (2) more target levels to the LBO indicator and have posted it below along with a new template and also replaced it in Post#1. For those traders out there that like to let your trades run, this is for you. You can see the Target 4 & 5 on the charts in the pic.

You will only see the input for TPFactor5 in the indicator's parameters because TPfactor 4 is calculated the same as TPFactor2, by adding Target 3 & 5 together and dividing them by 2. Target 5 is set to the 3.618 Fib extension by default. Feel free to change it to whatever you are comfortable using. I have also e-mailed sqaulou and we are looking to add this to the EA, but we are deciding on the proper way to best take advantage of the new Targets.

***Update***

Sqaulou has made a few adjustment to the indicator where it will now draw the zones over the weekend from Friday and added a few comments to the parameters. I have updated it here and in post #1.

Attached Image (click to enlarge)
Click to Enlarge Name: entry and stop.jpg Size: 125 KB
Attached File(s)
File Type: mq4 3 Tier London Breakout V.3.mq4   17 KB | 975 downloads
File Type: tpl 3 Tier london breakout.tpl   381 KB | 1,150 downloads
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