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95% winners live test

  • #221
  • Aug 2, 2011 7:06pm Aug 2, 2011 7:06pm
Here is the very simple EA for placing basic breakout buy/sell stop orders based on the previous time frame candle you choose. You can optimize the time and the SL/TP for buys and sells.

I have programmed much more complicated EAs with this program but I have always had trouble finding the time I should be trading breakout types of systems based on trading sessions and such so I thought I would give this a try and see what the best time was for me to place these trades off of the previous candle's H/L.

In my testing, only one time in the last year did I have two consecutive losers. I think this system has legs if you watch the MM end of it.

In going back and looking at my losing trades, I was a little dissapointed in the fact that the EMAs would have eliminated a few losers but would also have eliminated as many winners. From what I can see the EMA does not seem to give me much of an edge, course what can you expect at already 87% winners. I will also say it again, I am not trading Cubby's exact system so my result with EMAs in no way reflects the usefullness of them in his system.
Attached File(s)
File Type: mq4 BOP-1.mq4   3 KB | 490 downloads
  • #222
  • Aug 3, 2011 2:35am Aug 3, 2011 2:35am
Quoting ejohnston5
Here is the very simple EA for placing basic breakout buy/sell stop orders based on the previous time frame candle you choose. You can optimize the time and the SL/TP for buys and sells.

I have programmed much more complicated EAs with this program but I have always had trouble finding the time I should be trading breakout types of systems based on trading sessions and such so I thought I would give this a try and see what the best time was for me to place these trades off of the previous candle's H/L.

In my testing, only one time in the last...
Thank you very much EJ, will do some tests......

Could you describe your EA settings?


Thanks again
  • #223
  • Aug 3, 2011 4:28pm Aug 3, 2011 4:28pm
Hour and Minutes is the time you want the bot to put on a buystop and sellstop order. The buystop and sellstop prices are based off the high/low of the previous period candle to this setting. If you set hour to 9:00, it will set a buy and sell stop at 9:00 based off the 8:00 candle.

Lots - self explanatory

Buystoploss - how many pips for hard SL
Buytakeprofit - how many pips for hard TP

Price Offset - how many pips +/- do yo want to set the buy and sell stops above the h/l candle prices. If you want 3 pips above the high put 3 if you want three pips below the low put -3.

all of these setting can be ran on optimizer on MP4 platform to find the optimal time to place the breakout trades and then the buy TP/SL and sell TP/SL can be optimized as well.

This works real well on EU as is. Already had two good trades with it.
  • #224
  • Aug 4, 2011 12:29am Aug 4, 2011 12:29am
Quoting ejohnston5
Hour and Minutes is the time you want the bot to put on a buystop and sellstop order. The buystop and sellstop prices are based off the high/low of the previous period candle to this setting. If you set hour to 9:00, it will set a buy and sell stop at 9:00 based off the 8:00 candle.

Lots - self explanatory

Buystoploss - how many pips for hard SL
Buytakeprofit - how many pips for hard TP

Price Offset - how many pips +/- do yo want to set the buy and sell stops above the h/l candle prices. If you want 3 pips above the high put 3 if you want...
Thank you
  • #225
  • Aug 4, 2011 4:58am Aug 4, 2011 4:58am
Just remember when backtesting that the time is most likely based on GMT which does not adjust to DST. So Cubby's 0900 bar time isn't universally fixed in reference to GMT but moves around seasonally.

Depending on your br0ker this may complicate things and invalidate your results.
You are in a maze of twisty little passages, all alike.
  • #226
  • Edited 9:12am Aug 4, 2011 9:02am | Edited 9:12am
Hi guys! It's been a few days sense I've posted.

I stepped back to take a breather and to clear my mind of how I was going to approach this system and others. As you all know here I discontinued the 95% winners system on my live account. The DD was to much stress for me to handle even though so far this week the system has not lost.

The system 1 mod. Is good but still needs tweaking. Some of the trades I've taken with it do not make sense and I feel a bit blind.

Taking blind trades is almost as scary as the high DD with 95% winners system. To appease myself and all the traders here I'm working on a system that gives at least a 1:1 risk reward. I'm looking more towards the 2:1-3:1. As you can see with my live posted account. I had a couple of weird trades. I was trying to figure some things out. I think I'm on to something here. Let my account be the judge though.

Todays trade was a 2:1. I entered a little late but the trade was strong. I exited way to early. I still got 40 pips with this trade though.
https://www.myfxbook.com/portfolio/95-winnersmod/142831
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  • #227
  • Aug 4, 2011 9:18am Aug 4, 2011 9:18am
Second and last trade for today.

About a 27 pip SL on this one. Still a little bigger then I want. Most SL's should be under 20 pips using this system here.

I'm hoping this move will be at least 50 pips.
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  • #228
  • Aug 4, 2011 9:52am Aug 4, 2011 9:52am
Trade ended in a small loss of about 5 pips.

Not bad. I may still look for one more entry....

Cubby
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  • #229
  • Aug 4, 2011 11:26am Aug 4, 2011 11:26am
Steve58

You speak words of wisdom. I found out on my live testing that my buy/sell stops were placed about 9 hours every time from where they should be placed in my backtesting. Just as you say, difference in backtest time vs live session and broker times. If I look at the live trades and see where the trades should have been placed to correspond to backtesting the method still looks good. I'm going to adjust my live bots for this difference and see how they do for a week.

I have always sucked at time trading, it's one method that has always confused me and probably why I love the Profit All Day System.

Glad Cubby's back, forward we go.
  • #230
  • Aug 4, 2011 2:14pm Aug 4, 2011 2:14pm
Quoting ejohnston5
Steve58

You speak words of wisdom. I found out on my live testing that my buy/sell stops were placed about 9 hours every time from where they should be placed in my backtesting. Just as you say, difference in backtest time vs live session and broker times. If I look at the live trades and see where the trades should have been placed to correspond to backtesting the method still looks good. I'm going to adjust my live bots for this difference and see how they do for a week.

I have always sucked at time trading, it's one method that has always...
How many trades do test for when backtesting for a sufficient sample size? Is 300-400 trades enough? I do it manually since I dont know any programming.
  • #231
  • Sep 4, 2011 5:41pm Sep 4, 2011 5:41pm
arrows, repaint??
or appear 3 clandres backward?
  • #232
  • Sep 5, 2011 11:13pm Sep 5, 2011 11:13pm
so a S/L of 100pips is a necessary for this system to work 95%?
  • #233
  • Nov 5, 2011 6:18am Nov 5, 2011 6:18am
cubbybgood where art thou? this system together with profit all day really saved my trading life...stronger than anything in FF.I use a slightly different approach in that i have more aggressive entries and once i move to break-even i literally let the trade run and to my surprise prices just continue up most of the time.
I am sure wherever you are you are doing good.I owe you.

live long and prosper.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #234
  • Last Post: Jul 14, 2019 10:18am Jul 14, 2019 10:18am
It's good
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