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HCB Trading Systems

  • #21
  • Apr 24, 2012 6:37am Apr 24, 2012 6:37am
Quoting ottober8
I change some parameters during forward test:
from augus 16 2011 I introduced 50 pips trailing stop
I decreased target values, at the beginning T3 was 260 pips!

This trading system has (from my point of view( very good result when daily volatility is high, less during daily volotility is low, but also in this wrost case it "resists". From a long term point of view it is a great result.

To activate the system I use some instruments like a script to lunch pending orders and some EA to manage trailing stop (Trailing stop is activate from first...
Hello Ottober8,
thanks for sharing your strategy i will follow you..

Ciao
Sabrina
  • #22
  • Edited 8:24am Apr 24, 2012 8:08am | Edited 8:24am
Quoting uberteh
Script to open trades would be very helpfull.
Attached script
Is necessary to lungch 2 times
TypeOrder = 4 for 3 pending buy
TypeOrder = 5 for 3 pending sell

all other parameters are self explained

please adapt expiry time to your broker time (must me 6.00 pm GMT+2)
all trade must be close (profit or loss) before market close time at friday evening. (this is my general personal rule, never let open orders during we)

Let me know if something is not clear or wrong.

Trades must be managed with BE and Trailing Stop, I will post EA and set I am using in next post.

REMEMBER I AM NOT A PROGRAMMER if someone would correct, modify or rewrite instruments I am using is wellcome!!

Good trade
Attached File(s)
File Type: mq4 HCB3 Classic Insert Order Universal 1.1.mq4   6 KB | 357 downloads
  • #23
  • Apr 24, 2012 8:15am Apr 24, 2012 8:15am
To manage trades in my TS I use TrailEvo2.
You can find free by google from an Italian programmer.
I use version 935, set attached (change extension)

This Ea manage Trailing and BE

Happy to see interest in my system, I beleave we can improve our trading with collaboration.

Thank you
Attached File(s)
File Type: txt set trialevo hcb v 935 .txt   3 KB | 557 downloads
  • #24
  • Apr 24, 2012 8:46am Apr 24, 2012 8:46am
Quoting ottober8
yes

if it is 9am london time, in my opinion the market is still unsettled at this time, referring to eurusd. so it will not be a good time to set pending orders. likelihood of being whipsawed and stopped out.

also what happens if both long and short orders are triggered.
  • #25
  • Apr 24, 2012 9:06am Apr 24, 2012 9:06am
Quoting whatfx
if it is 9am london time, in my opinion the market is still unsettled at this time, referring to eurusd. so it will not be a good time to set pending orders. likelihood of being whipsawed and stopped out.
also what happens if both long and short orders are triggered.
whatfx
I apreciate your opinion and your question because you let me explain one other aspect :
I try to develop my trading system only on statistical data.
For sure there are better set-up and I am looking for them but only when statistics will give me the reason. I'm trying not to have opinions, but only do data analysis.
I am testing other time to set pending, there will be a develop in this way.
Some people suggest me to write an EA, but I beleave there are still too many discrtional action on this TS. First of all as I wrote in my first post is the pending setting when market price is very close to daily max/min, then when the channel is less than 50 pips and is possible to activate buy and sell toghether in the same day. In this case I manage trades in discetional way, normally I close olders.

To be honest I have an EA working for me to optimize some parameters, but I do not use as strategist, you can see on my myFXBook...
  • #26
  • Apr 24, 2012 9:38am Apr 24, 2012 9:38am
Quoting ottober8
whatfx
I apreciate your opinion and your question because you let me explain one other aspect :
I try to develop my trading system only on statistical data.
For sure there are better set-up and I am looking for them but only when statistics will give me the reason. I'm trying not to have opinions, but only do data analysis.
I am testing other time to set pending, there will be a develop in this way.
Some people suggest me to write an EA, but I beleave there are still too many discrtional action on this TS. First of all as I wrote in my first post...

tbh honest i dont use ea's myself. so i would request if you can stick manual settings.
  • #27
  • Apr 24, 2012 9:54am Apr 24, 2012 9:54am
Quoting whatfx
tbh honest i dont use ea's myself. so i would request if you can stick manual settings.
whatfx
please explain me what you mean with "manual setting"
Could be due to my bad English, excuse me

Thank you
  • #28
  • Apr 24, 2012 8:19pm Apr 24, 2012 8:19pm
Quoting ottober8
whatfx
please explain me what you mean with "manual setting"
Could be due to my bad English, excuse me

Thank you

what i meant is stick to trading the method manually, i.e. without ea's. so need setttings for each of the indicators you have proposed.
  • #29
  • Apr 25, 2012 2:45am Apr 25, 2012 2:45am
Quoting whatfx
what i meant is stick to trading the method manually, i.e. without ea's. so need setttings for each of the indicators you have proposed.

I do not use indicators. I use script to insert pending orders, justo to be faster, but you can insert manually. EA TrialEvo2 is necessary to adjust trailng stop pip by pip, very difficult to do manually, and to set trade at BE after 40 pips.
It is a "semiautomatic" trading style
As I told i have already an EA to activate the full strategy, but is not full fitting my idea and also I prefer to mantain a discretional way to set pending order when the price is very close to high or max And also when the channel is less than 50 pips and is possible buy and sell orders will both activate.
I hope that I have understood your question.
  • #30
  • Apr 26, 2012 7:22am Apr 26, 2012 7:22am
the analysis is telling me that from January to now, the set of pending at 9:00 am London time is not more profitable. Looking at times it appears that the most profitable time is 8:00 (London). This result is true from beginning of the year, during which the daily volatility is much lower than average. It is NOT said that in periods of high daily volatility is still true. For this reason, from 16 April, I introduced an amendment to the TS.
I have divided into two sessions the launch of pending ordersf 3 sell 3 buy at 8:00 am and 3 sell and 3 buy at 9:00, total MMunchanged.
Because of this, the verification of the pips on myfxbook must be calculated and it can not be etrarre directly from the shown data:
16 April 3774 pips,following values ​​must be added 50% to make result consistent with past data.
  • #31
  • Apr 26, 2012 8:10am Apr 26, 2012 8:10am
I think this is basically another version of the London breakout. You are basically trading the breakout of the channel formed during the ASian/Aussie session once the London volume comes into play.
  • #32
  • Apr 26, 2012 9:08am Apr 26, 2012 9:08am
Quoting dean
I think this is basically another version of the London breakout. You are basically trading the breakout of the channel formed during the ASian/Aussie session once the London volume comes into play.
dean, I agree, the signal is nothing else than a breackout, but this TS has a specific management of the trade, 3 entry, 3 different TP then TSL and BE.
Is very difficult to discover something new in forex
  • #33
  • Apr 26, 2012 10:12am Apr 26, 2012 10:12am
Quoting ottober8
dean, I agree, the signal is nothing else than a breackout, but this TS has a specific management of the trade, 3 entry, 3 different TP then TSL and BE.
Is very difficult to discover something new in forex
I honestly mean no disrespect but break even, trailing stops and scaling out or different profit targets are hardly new...and as far as I can tell the 3 entries are all at the same level.
You should maybe look at the average daily range and that may help you with your TP's. THis year the EU generally averages around 100 pips so your 2nd TP may get reached sometimes depending on the size of the channel formed or how much of the daily range it has travelled prior to you putting your orders on and your 3rd TP will rarely ever be hit within the 24 hour period because it rarely moves 160 pips.
  • #34
  • Apr 26, 2012 10:50am Apr 26, 2012 10:50am
Quoting dean
I honestly mean no disrespect but break even, trailing stops and scaling out or different profit targets are hardly new...and as far as I can tell the 3 entries are all at the same level.
You should maybe look at the average daily range and that may help you with your TP's. THis year the EU generally averages around 100 pips so your 2nd TP may get reached sometimes depending on the size of the channel formed or how much of the daily range it has travelled prior to you putting your orders on and your 3rd TP will rarely ever be hit within the 24...
dean, as you can see this system is Daily average value sensitive...
From sept to dec 2011 I had very good result, otherwise from the beginning of the year pips equity is quite plane.
This is due, as you say, to the daily average; we are at historic low value:
http://www.forexticket.co.uk/en/tools/02-01-volatility
But let me say, it could be a success in any case: if the TS will prove to be able to stay side and able to recover its DD during this time, when the volatility will increase the TS will again be profitable.
I am looking for a long term profitable system.

Regarding TP you are absolutely right, T3 is too high.
I expect to gather more statistical data to choose a new value of T3.

Thank you for your comments
  • #35
  • May 21, 2012 8:44am May 21, 2012 8:44am
Due to very low volatility, I suspend my TS.
Only when I will see at least 120 pips daily average range (5 days based) I will resume it.
We are in no mans land from the volatility poin of view, I never registered daily range less than 100 pips.
  • #36
  • Last Post: Nov 28, 2012 8:13am Nov 28, 2012 8:13am
Just for Update,
I continue to follow and develop the system.
If someone is interested:
daily 9 am
http://www.myfxbook.com/members/Ottober8/hcb-9/199165
evo version multiday:
http://www.myfxbook.com/members/Ottober8/hcb-w/196756

I post these systems also on
http://www.mql5.com/
with quite good success

Happy trade to everyone
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