Stop Reverse System 100 pips/day - Expert Needed !

stevegee58 thanks!
so is your EA profitable?
the quick look at the chart says it's a lot of latency on those crossings... unless the fixed TP applied

OK, I promised to publish an EA "over the weekend" about a month ago lol. Anyway, I've been stuck at home this week because of our two blizzards here so I have completed an initial EA for folks to play with.

Here is a copy/paste of the comment header of the EA's source file:

"This is an EA that uses the LevelStop-Reverse indicator written by Bruce Hellstrom.
It implements the strictest interpretation of the Level Stop-Reverse system rules as specified
by the original VT Systems scripts. The original VT Systems settings have been captured as
defaults in this EA (ATR Period and ATR Smoothing are 14 and ATR Multiplier is 2.824).

This strict interpretation means that the EA only opens a trade when the trailing stop flips over
to the other side of price. The trailing stop on the currently forming bar may flip back and forth
in real time, but this is ignored. The EA only opens the trade on the open of the bar after the
"flipping over" bar closes. Obviously this could be improved upon, but my goal was to implement
what is best documented.

The boolean parameter DumbTradeRules is meant to trade according to this strict interpretation. Currently
only the DumbTradeRules=true is implemented. A future version will introduce an improved interpretation
with filtering to improve the system's performance.
For now, leave this set to true since setting it to false won't work at all.

This EA appears to have positive expectancy on EURUSD H1 with the default settings."

The EA and my backtest results are attached. The backtest is only for EURUSD H1 with default settings.

Possible improvements to make it more profitable:

1) Use ADX to determine trending so-as to avoid taking signals during chop.
2) Use linear regression slope for the same filtering as ADX, just different implementation.
3) Use a trading hours filter. i.e. only open new trades during a certain period of the day to avoid non-trending periods.

Version 1.1 of the EA. Fixed a bug where the no signal condition wasn't being detected.

The EA backtests almost exactly the same but it's more correct now.

this is the result tes using v1.1 in eurousd ef 15m

The default settings only work with H1. You'll have to play with the settings with the indicator to visually see what works on other time frames. In other words, don't use the EA initially but use the stop reverse indicator to visually see what works with different settings.

what happened to this thread.? is the stop and reverse thingy is fetching 100pips a day. actually i really dun mind manual trading it if it works better than ea

Heres something interesting. This is one of my simple "stop and reverse" strategy.

In the normal timeframe charts (seems most traders are using), you get crap results and when not using "normal" charts you get way better results.

I dont think this is curve fitted, It have ran it on a same values on differend pairs, and it seems to have positive profit curve on all of them. It seems to be a winning strategy at least in the simulator(Ninjatrader). Also slippage of 4 points are calculated on every trade to make it more realistic. Comissions are not calculated but that doesnt make that big of a deal. Each trade is one mini lot. Currently forward testing this on a live demo account.

Guess which one of these backtest results are based on the charts that 99% or traders are using?

what timeframe are the 99% apparent loseres apparently using?

and which timefram did your winners use

more infor please

let me guess... 4hr chart is the better one

No timeframes at all.

http://www.forexfactory.com/showthread.php?t=254690

Hi stevegee58, why isn't the EA working? Thanks

does this system still work and make pips ?