QuoteDislikedHoly Cow, Batman!!! I really want to believe....Please continue!!! p.s. Mer, you have one very special enterprising spirit...
All you have to do is look under my screen name and that says it all:
"Every new idea looks crazy at first"
Hi Scotty!
Soooo.... another "scary" strategy ?...
I like the look of the ZZ-derived indicator.
The visual ouput with the default settings used in the EA (300/225/15) are encouraging.
It shows quite good swingpoints, both in H1 and H4,
although i even prefer the H4 ones: fewer trade opportunities, but also fewer "strings" of wrong-direction trades, meaning less margin and less risk.
As an "exit strategy", i would just use a fixed TP of 50p or 100p, period.
Simplistic, but efficient.
Those values are just quick-picks based on the visual aspects on the charts, nothing optimised at all.
50 or 100p allows to take advantage of the small retracements: it will lock-in some profit on the balance curve,
as well as limit escalation of open trades, and therefore limit the risk and used margin and DD.
I performed some backtests on EU and GU for 2011 on H1 and H4;
The EA opens and closes trades only at candle opening (appart from hitting the fixed TPs).
Although i have not used tick-data, using H1 and H4 with TP 50 or 100p makes it good enough to use M1 candles modelling.
The average spread during the backtest was about 2p.
Settings:
- ZZ OOTB (300/225/15)
- TP set to 50p and 100p
The equity curves and DD are still scary, but the final results are quite encouraging.
Attached are the full backtests reports.
For instance:
- EU/H1/tp=50p makes 100% profit aver the 2011,
but with up to 30% DD (max DD compared to the initial deposit) during the september 1400p drop of EU...
reaching 18 simultaneous open trades...
meaning that you have a total of 1.9 open lots with a 0.01 base lotsize at the worst period, or 19 open lots for 0.1 base lotsize.
- EU/H1/tp=100p makes 300% profit over 2011, (wow!)
but you would have faced $183.000 DD for 0.1 base lotsize during the september drop.
Or $18.300 DD for 0.01 base lotsize.
The backtest doesn't go to margin call only because we had accumulated enough equity from jan-aug to sustain the 183.000 DD...
Quite scary risks...
Squalou.
Soooo.... another "scary" strategy ?...
I like the look of the ZZ-derived indicator.
The visual ouput with the default settings used in the EA (300/225/15) are encouraging.
It shows quite good swingpoints, both in H1 and H4,
although i even prefer the H4 ones: fewer trade opportunities, but also fewer "strings" of wrong-direction trades, meaning less margin and less risk.
As an "exit strategy", i would just use a fixed TP of 50p or 100p, period.
Simplistic, but efficient.
Those values are just quick-picks based on the visual aspects on the charts, nothing optimised at all.
50 or 100p allows to take advantage of the small retracements: it will lock-in some profit on the balance curve,
as well as limit escalation of open trades, and therefore limit the risk and used margin and DD.
I performed some backtests on EU and GU for 2011 on H1 and H4;
The EA opens and closes trades only at candle opening (appart from hitting the fixed TPs).
Although i have not used tick-data, using H1 and H4 with TP 50 or 100p makes it good enough to use M1 candles modelling.
The average spread during the backtest was about 2p.
Settings:
- ZZ OOTB (300/225/15)
- TP set to 50p and 100p
The equity curves and DD are still scary, but the final results are quite encouraging.
Attached are the full backtests reports.
For instance:
- EU/H1/tp=50p makes 100% profit aver the 2011,
but with up to 30% DD (max DD compared to the initial deposit) during the september 1400p drop of EU...
reaching 18 simultaneous open trades...
meaning that you have a total of 1.9 open lots with a 0.01 base lotsize at the worst period, or 19 open lots for 0.1 base lotsize.
- EU/H1/tp=100p makes 300% profit over 2011, (wow!)
but you would have faced $183.000 DD for 0.1 base lotsize during the september drop.
Or $18.300 DD for 0.01 base lotsize.
The backtest doesn't go to margin call only because we had accumulated enough equity from jan-aug to sustain the 183.000 DD...
Quite scary risks...
Squalou.
- #49
- Edited 3:58pm Jan 27, 2012 1:18pm | Edited 3:58pm
- Joined Jan 2007 | Status: Trader | 1,626 Posts
Well, well, well. I thought you dropped off the face of the earth there sqaulou, glad to see you making your presence felt. As always, I appreciate your input and coding expertise. I would really like to stick with my exit strategy, so maybe you could incorporate the best of both worlds where the trader has the option to trade both fixed lot sizes or use the profitable trade percentage I am suggesting? I e-mailed Miyagi about the EA, so maybe you two can collaborate because you know, two heads are better than one. He also fixed the SemaphorTrue2...
I know what SemaphorTrue2_mod for mer.mq4 function? Enter into the system are the available?
- #52
- Jan 28, 2012 1:53pm Jan 28, 2012 1:53pm
- Joined Jan 2007 | Status: Trader | 1,626 Posts
I know what SemaphorTrue2_mod for mer.mq4 function? Enter into the system are the available?
Sorry, I have absolutely no clue what your asking
.
