DislikedSitting in my hotel room in oxford on my iPhone just scanning these results do look interesting and would like to investigate further myself which I will do when home
PIgnored
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DislikedSitting in my hotel room in oxford on my iPhone just scanning these results do look interesting and would like to investigate further myself which I will do when home
PIgnored
DislikedHi,
been a reader here since the beginning but didn't post so far
Haven't traded this method yet but now coded an indy to play with
And as always, the number of changeable parameters keeps growing to look what happens if you change this or that
So what we've got:
RangeStartTime/RangeEndTime:
- is your brokers time so you have to adjust to GMT yourself
InvertBias:
- Bias is the difference between StartTime openprice and EndTime openprice ->positive/bullish,negative/bearish bias. This option allows to invert bull/bear.
InvertSignal:
- show...Ignored
DislikedHave been looking at some stats for this but only over last 4 weeeks until today, some interesting observations. Take what you will from it but it looks to me that the bias is something we might want to look at, it's a major criteria of the method but is it adding value to the method?? Yes I know only time will tell and all these stats could change dramatically but I don't think we should ignore them.
Results for last 4 weeks to today (all times are GMT):
using method as laid down ~ W 7; L 13.
using 6 till 7 to establish bias ~ W7: L 13.
using...Ignored
DislikedGood work Strada. At last! Someone is prepared to do a little WORK on this!!
I have done some testing of my own based on similar thinking - I.E. when London opens, they often reverse things completely OR they often do a fake move before continuing in the prevailing direction. Either way, I personally don't believe that using bias from 6:00am to 8:00am has any benefit on the M1 charts. And my findings seem to back this up.........
Pips are ignored, as measuring pips is irrelevant.
All tests are based on commencing trading at 8:00am UK time.
Test...Ignored
DislikedFirst off, thank you Paulus and everyone for contributing to what looks like a promising strategy. I have been following this thread since the beginning and this week I decided to code an EA for it. I have added several parameters to give some flexibility in how it trades and I allow for trading all 5 session opens. Here are descriptions for the parameters:
// MT4 Server time of each session open (defaults are for EST)
Sydney
Tokyo
Euro
London
NewYork
[color="gray"]// Which session to trade (use 1 to trade...Ignored
DislikedFirst off, thank you Paulus and everyone for contributing to what looks like a promising strategy. I have been following this thread since the beginning and this week I decided to code an EA for it. I have added several parameters to give some flexibility in how it trades and I allow for trading all 5 session opens. Here are descriptions for the parameters:
// MT4 Server time of each session open (defaults are for EST)
Sydney
Tokyo
Euro
London
NewYork
[color="gray"]// Which session to trade (use 1 to trade...Ignored
DislikedFirst off, thank you Paulus and everyone for contributing to what looks like a promising strategy. I have been following this thread since the beginning and this week I decided to code an EA for it. I have added several parameters to give some flexibility in how it trades and I allow for trading all 5 session opens. Here are descriptions for the parameters:
// MT4 Server time of each session open (defaults are for EST)
Sydney
Tokyo
Euro
London
NewYork
[color="gray"]// Which session to trade (use 1 to trade...Ignored
DislikedFirst off, thank you Paulus and everyone for contributing to what looks like a promising strategy. I have been following this thread since the beginning and this week I decided to code an EA for it. I have added several parameters to give some flexibility in how it trades and I allow for trading all 5 session opens. Here are descriptions for the parameters:
// MT4 Server time of each session open (defaults are for EST)
Sydney
Tokyo
Euro
London
NewYork
[color="gray"]// Which session to trade (use 1 to trade...Ignored
DislikedGood work Strada. At last! Someone is prepared to do a little WORK on this!!
I have done some testing of my own based on similar thinking - I.E. when London opens, they often reverse things completely OR they often do a fake move before continuing in the prevailing direction. Either way, I personally don't believe that using bias from 6:00am to 8:00am has any benefit on the M1 charts. And my findings seem to back this up.........
Pips are ignored, as measuring pips is irrelevant.
All tests are based on commencing trading at 8:00am UK time.
Test...Ignored
DislikedFirst, thanks for sharing.
But why 8 gmt and not 7 (London open)?
And in your backtest, did you consider 2 pips spread?Ignored
DislikedHave been looking at some stats for this but only over last 4 weeeks until today, some interesting observations. Take what you will from it but it looks to me that the bias is something we might want to look at, it's a major criteria of the method but is it adding value to the method?? Yes I know only time will tell and all these stats could change dramatically but I don't think we should ignore them.
Results for last 4 weeks to today (all times are GMT):
using method as laid down ~ W 7; L 13.
using 6 till 7 to establish bias ~ W7: L 13.
using...Ignored
Dislikedi can see you have banked some pips this morning if you took the trade with bias 6GMT nice oneIgnored