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  • #1,701
  • Nov 25, 2011 8:56am Nov 25, 2011 8:56am
I will have limited time to perform backtesting before Monday.

I have made 2 runs to date.

1) Check high/low as opposed to close of candle as entry requirement

2) Trading hours 7H00-8H00 trading window start and close at LDN close


It takes a long time to process the data unfortunately.

View it as a work in progress, the system has a positive expectancy. The backtests show that it will produce net positive pips every month going back 16 months.
" Never let the past hold the future to ransom "
  • #1,702
  • Nov 25, 2011 8:59am Nov 25, 2011 8:59am
Quoting deankenny21
interesting, are you able to test with re-entry too?
A re-entry is just a new trade if all the conditions are met.

What is a lot more meaningful is to look at the relationship between the ADR and the % hitrate of re-entries.

Example: Once the average daily trading range is at 80% or 100% , what happens to re-entries?
" Never let the past hold the future to ransom "
  • #1,703
  • Nov 25, 2011 9:01am Nov 25, 2011 9:01am
Quoting Gleneagles
A re-entry is just a new trade if all the conditions are met.

What is a lot more meaningful is to look at the relationship between the ADR and the % hitrate of re-entries.

Example: Once the average daily trading range is at 80% or 100% , what happens to re-entries?
I did mention the ADR right near the beginning of the thread, but Peter did not want ADR to have anything to do with it
  • #1,704
  • Nov 25, 2011 9:08am Nov 25, 2011 9:08am
Quoting deankenny21
I did mention the ADR right near the beginning of the thread, but Peter did not want ADR to have anything to do with it

JA JA JA.

But I am willing to say I made a mistake not looking into that.

If it show it bring value to us for sure we take it on

Peter
  • #1,705
  • Nov 25, 2011 9:09am Nov 25, 2011 9:09am
here u go Glen, hopefully Pete can clear anything up, it was mentioned but of course, it could make a difference

Quoting deankenny21
your right peter, i had 1 loss today out of 9 trades on AU
but while lookingover at invictus AU was near the range high, maybe we could mix a ADR filter in with this also
Quoting fratelli
I dont know about that indy.

But what I know is, whatever indy or whatever rule we apply to this we will have loosing trades. period.

My entension with this strategy was to build a system for me, who have a high probality to give me 20 pips every day on average.

As I recall your trades from yesterday and today, you well above that.

And that is great, welldone Sir.

But I fully understand your feelings. the first thing we do as traders when we have a loos, we start blaming ourselvers for being so stupid to take it.
The next we start doing is...
  • #1,706
  • Nov 25, 2011 9:09am Nov 25, 2011 9:09am
Peter

I have been following this thread since the start and would like to thank you for the generosity of posting it and all the hard work to improve it by yourself and all the "support staff" (meaning other contributors).

The cooperation and team effort is really commendable!

Regards, Nico
Success is a marathon, not a sprint!
  • #1,707
  • Nov 25, 2011 9:10am Nov 25, 2011 9:10am
Quoting fratelli
JA JA JA.

But I am willing to say I made a mistake not looking into that.

If it show it bring value to us for sure we take it on

Peter
ah ok, got posted while i was doing my last post, so yes will be interesting to see the results trading within the days range
  • #1,708
  • Nov 25, 2011 9:15am Nov 25, 2011 9:15am
Quoting fratelli
JA JA JA.

But I am willing to say I made a mistake not looking into that.

If it show it bring value to us for sure we take it on

Peter
No value=no add

That is how it should be.
You can only tweak up to certain point.
The idea is to have a profitable , consistent system.

The effort thereafter to find the Holy Grail will only frustrate you and rather trading a profitable system and making money on a regular basis , you end up super-frustrated , chasing your own tail

The reality is that you still have the human factor involved. There is zero guarantee that a system that is profitable on paper will work for every one.

In any event....it is Friday and weekend , taking a break now

Have a great weekend all
" Never let the past hold the future to ransom "
  • #1,709
  • Nov 25, 2011 9:18am Nov 25, 2011 9:18am
Quoting NicoScholtz
Peter

I have been following this thread since the start and would like to thank you for the generosity of posting it and all the hard work to improve it by yourself and all the "support staff" (meaning other contributors).

The cooperation and team effort is really commendable!

Regards, Nico
Hierdie spanmaatjie gaan nou paar koue biere afsluk
" Never let the past hold the future to ransom "
  • #1,710
  • Nov 25, 2011 9:20am Nov 25, 2011 9:20am
im long on the euro
lets see
  • #1,711
  • Nov 25, 2011 9:21am Nov 25, 2011 9:21am
Quoting Gleneagles
Hierdie spanmaatjie gaan nou paar koue biere afsluk
gonna have a Stella as well
  • #1,712
  • Nov 25, 2011 9:24am Nov 25, 2011 9:24am
Quoting MickyMouse
im long on the euro
lets see
same for me
  • #1,713
  • Nov 25, 2011 9:29am Nov 25, 2011 9:29am
came a little back the euro-usd! i am long too.
  • #1,714
  • Nov 25, 2011 9:37am Nov 25, 2011 9:37am
Quoting x58
2) Jumping stop loss settings: this will jump the stop loss by JumpingStopPips when
the price moves in your favour by that number of pips. Many traders consider this to
be a better option than a straight trailing stop. The first time this option is triggered
by the market price, it will set the stop loss to break even. After that, it will increment
the sl by JumpingStopPips every time the market moves sufficiently in your favour.
●
This routine incorporates settings to part-close a percentage of the profits every
time the sl jumps.
●...
We can't use JumpingStopPips with the EU, because it is supposed to move SL to -10 after +10, not to BE.

Does anyone have a solution for this?
  • #1,715
  • Nov 25, 2011 10:01am Nov 25, 2011 10:01am
Quoting agregatx
We can't use JumpingStopPips with the EU, because it is supposed to move SL to -10 after +10, not to BE.

Does anyone have a solution for this?
If you are looking for something like this..
Attached File(s)
File Type: mq4 ManageTPv2-4.mq4   6 KB | 342 downloads
File Type: ex4 ManageTPv2-4.ex4   6 KB | 282 downloads
File Type: txt manage tp per fratelli 25-11.set.txt   < 1 KB | 392 downloads
  • #1,716
  • Nov 25, 2011 10:03am Nov 25, 2011 10:03am
does anyone have a script that calculates your lot size based on your account balance and risk%, then place PO, TP and SL...
Thanks!
  • #1,717
  • Nov 25, 2011 10:25am Nov 25, 2011 10:25am
Quoting Danyjoe
If you are looking for something like this..
Thanks, I will try it.
  • #1,718
  • Nov 25, 2011 11:24am Nov 25, 2011 11:24am
Quoting agregatx
We can't use JumpingStopPips with the EU, because it is supposed to move SL to -10 after +10, not to BE.

Does anyone have a solution for this?
Breakeven 15 lock in 1 and then take profit 20, Stop Loss 25.Robot will do for you.
I think maybe for that best Robot are Quick Trailing ex4
  • #1,719
  • Nov 25, 2011 12:14pm Nov 25, 2011 12:14pm
Au
-13
-20 = -13
+20

eu
+20
-10 = -10
-20
  • #1,720
  • Edited 3:54pm Nov 25, 2011 2:46pm | Edited 3:54pm
Something to think about and some homework

While you wait patiently for Peter to do all the hard work, look at the backtest file he has posted.

Look at the month of October...

Total 20 pips winners on EU = 58

Let us round it of to 50 winners.

You have the date and the entry times and can look at the trade history on the charts.

You can see and calculate how many of the 50+ winners ran past 20 pips.

If you split your trade in 2 parts with TP1 20 and TP2 24 pips , how many times will it hit TP2(and more) ?

Does it increase your risk?

If you have TP1 20 TP2 25 TP3 30 pips will you gain extra pips with same risk?
With all the fancy trade management tools available, it is easy to set up.
This not part of the official rules .

2 pips/trade extra on average is another +100 pips in your pocket for the month

Just something to think about.

Trade smart.. not hard
" Never let the past hold the future to ransom "
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