A 5minute Inside Bar System

manual backtest 31-5-2012

18 winners, 5 losers, 5 no trades

Testing the EA in 5 min Ananth. Had one winner untill now. 5 trades got cancelled. I shall continue to post the results. This EA had good results earlier in 15 min.

Thanks a lot Ananth.

EA update:

Pending orders are changed to market order.
All other functions are same.

Cheers
Ananthhh

I hope the last update will fix all the problems and i hope it is working exactly as per the strategy mentioned in the post 1.

Waiting for forward test results.

Cheers
Ananthhh

Dear Annanth

Many thanks for your efforts, I have tried to backtest the EA.
I have just two little problems:
1-I got error number 131 for trade volume. I have changed the Lot parameter to 0.1 but the problem remains. I think we have a volume calculator in EA that is not compatible with my broker. is it possible to deactivate volume calculator temporarily?
2- also I am facing with error number 130 which is about invalid stop loss. my broker does not allow stop losses lower than 5 pips. maybe we could solve this problem by adding a constraint to not have stop losses lower than 5-6 pips.

Thanks for your consideration.

this indicator doesn't work with me. I tried with IBFX (5 digits) and Migtrader (4 digits).

only with me?

Good to see the backtest results ForexSaint.
1. I totally forget to update that entry criteria. You will get that in next update.
2. I coded with the idea, if regular SL exeeds maxSL then maxSL will be the stoploss. If you find any bug in this logic, please mention that. I will check that and fix it in next update.
3. I didn't spend more time to test the code or to check the working of EA. I was just adding modules what the author is suggesting. If you can post the error codes, it will be helpful in finding those strage errors. Rome is not built in a day. I have to mention 1 thing, the ordersend module i built is not for scalping strategy. I have to rebuilt that module to suit for scalping. Most of the errors will occur due to the stopLoss less than the stop level allowed by the crim.

Don't forget to put a reminder, when you start your new thread. I am eager to participate in the journey of building your EA.

Cheers
Ananth

Poor internet again. Limiting my participation in this thread. Ananth: thanks again, good po ROme not being built in a day. Forexsaint: many times you've said this strategy is crap and you even stated in your second last post that you wouldn't be following this thread anymore. But thanks for taking the time to backtest and sharing your opinion again. Good luck with your new thread - glad this one inspired you somehow. I actually believe there are in-built filters in the strategy that may or may not give it an edge. The filters being: time of day - if one puts an average daily range on the chart, the value tends to be larger during the specified times to trade. Trading in the direction of the IB is a filter in itself playing on short-term momentum following a pause or breather. The EUR/USD tends to have lower spreads than other pairs making it ideal. As yet I'm completely unconvinced by any backtests simply because the EA hasn't replicated the original rules and as already mentioned, the only broker an EA could work on by default is Admiral Markets. Every now and then I will ost manual screenshots of where trades would have occured in the hope that an EA can replicate it eventually. Only then will I consider backtests and further filters/tinkering.

Hello everyone, I'm pretty much out of action internet wise all this week. How are the forward tests going? Any issues?

cheers,
Trumpcard

i did a quick visual backtest for the last few days and it was a total fiasco... at the point that even with negative R:R, there was more losses than wins.

intersting. thanks for the feedback. I haven't been able to check lately but surprised by your RESULTS! My visual backtests were fiascos, as previously posted.

Look simple, made an EA that have more features. Let me know if you need to adjust something.

I haven't test it at all. Just write it, compile and posted it. But I think it should work like you want to.

Sorry, I don't want to see the EA I made sold by someone irresponsible so I didn't post the mq4 and put some decompile protection there.

Edit:
Almost forgot this one:
- For ECN/5 digit broker set ECN=true if not the EA will not put SL and TP(MT4 limitation).
Pips will be used 0.00000 for ECN and 0.0000, so 9 pips in non ECN equal to 9 pips on ECN(displayed as 90), no need to adjust anything.
- It will read the starting equity at 00:03 GMT or if you choose time range (UseHourTrade = true) at the 3 min on the first hour of that time range. This EA assumed to be working 24/7. When EA read starting equity, the staring equity entered by user will be discarded. It is recommended to enter your starting equity in EA setting. Your profit/loss won't stop exactly here, but if the limit has reached it won't take anymore trades until the next day or you restart the EA or EA adjust the starting equity according to schedule.
- UseHighLow_as_SL = True will use inside bar range as SL(Plus entry and PipAdditionForSL).
- if above setting set to true and MaxSL9 = True, SL max will be 9.
If inside bar + Entry + PipAdditionForSL = 7 it will use 7, if If inside bar + Entry + PipAdditionForSL = 12 EA will use 9 for SL.
- Risk is limited to a maximum of 2(2%) hard coded in EA, if risk entered more than 2 then 2% will be used.

Disclaimer: The EA is provided as it is, the creator couldn't held responsible in any way related to the EA usage.

Update:
- Repaired some wrongly placed > and <.
- New BreakProtection: if it was 2 bar ahead and price goes below low of inside bar for long or price goes above high no trade will be taken. If this is enabled then the move to the other side and back to the direction of inside bar, no trade will be made.
- UseMAProtection: Buy only taken only if it is below 5 smoothed MA, this is to take consideration that inside bars are traded as reversal signal.

Update2:
Tested it, look at the pic attached. I use MAFilter on that one.
If the EA only makes few trades in a day on backtest, just look at max profit or max loss. For backtest purpose set this to 90%.

@Anath
For ECN broker you couldn't put TP and SL when you open trades. Instead you modify the order with TP and SL after the order is open. And slippage will be ignored on ECN broker.

Take a look here:
if (ECN) Ticket = OrderSend(Symbol(), OP_SELL, Lots, Bid, Slippage, 0, 0, TradeComment, MagicNumber, 0, DeepPink);
>>To open order if it is an ECN broker.
else Ticket = OrderSend(Symbol(), OP_SELL, Lots, Bid, Slippage, StopLossLevel, TakeProfitLevel, TradeComment, MagicNumber, 0, DeepPink);
>>If it was not ECN TP and SL is sent with initial order.

if(Ticket > 0) { <---- to see if an order is opened.
>>Then you modifty it and put TP and SL.
if (OrderSelect(Ticket, SELECT_BY_TICKET, MODE_TRADES)) {
OrderModify(OrderTicket(), OrderOpenPrice(), StopLossLevel, TakeProfitLevel, OrderExpiration(), CLR_NONE);

Hope this would be useful.

I am not aware of how ECN thing will work, since i didn't traded with those brokers.
Thank you very much for providing this valuable information.
I will take a look at this and also i need to read more about ECN brokers.

Thanks a lot bro.

You're welcomed. I also new to MT4 coding, starting on Feb this year. This ECN thing makes me a bit frustrated back then. And like they said sharing is caring. EA works better in ECN broker, as your order will be executed even if price moves when the order being sent to the broker server.

Many thanks Passerby, much appreciated. I will dabble with your EA this coming week. Trading is on the backbench for me at the moment due to work committments.

Anyone tried using the latest EA from Passerby?

Just got PM from Trumpcard and after I look back at the EA I think I made a mistake. The MA filter will always set true even if you deactive the filter.

The EA I attached to this post have those bug repaired.

I also have my own version attached. It's a bit different.

@Trumpcard: This is your thread and my other EA works a bit different, I know I am off topic by posting my version here. So, if you think I shouldn't post it here I will remove it.

Add:
- My EA work best in H1 TF or longer, it have move SL to BE and close half feature.
- All my EA are made that they won't interfere your manual trade. It won't manage or close the trade that open manually.

no problem at all, Passerby, thanks for sharing your method. Sent you another pm but you pre-empted me!

Hi Passerby,

thank you for sharing your work here!

However, I would like to ask wether you could share the source code (as mq4 file) of your EA as it is not possible to understand (change, improve, fix etc.) an EA when it is only in compiled form (ex4). I would never trade compiled EAs.

In order to understand better what you have been looking at I would also like to see the backtest results that you got. The backtest results depend on many things (data, broker, settings etc.) so someone else might get completely different results.

Also, you said your version is different. Please be more specific. What is different?

Ok, I am demanding some things from you, but as a result you might also get back something. You might look at it as a trade :-)

Regards,
TraderJF