SBOR II - Session Breakout and Reverse strategy (universal) | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EURUSD Session Breakout and Reverse Strategy 50 replies

Universal Powerful System 4 replies

reverse versus breakout 1 reply

Attachments: SBOR II - Session Breakout and Reverse strategy (universal)
Exit Attachments

SBOR II - Session Breakout and Reverse strategy (universal)

  • #21
  • Oct 4, 2012 11:39am Oct 4, 2012 11:39am
It is BE after 5 months. It needs adjustments. Have you tried to play with inputs and run it on a simulator?
  • #22
  • Oct 4, 2012 12:32pm Oct 4, 2012 12:32pm
Quoting arsa
It is BE after 5 months. It needs adjustments. Have you tried to play with inputs and run it on a simulator?
Let me simplify..

The engine of this EA is the candle analysis based on past data. I do not have the recent past data, so I can not play with this unless someone helps me and finish the attached script. Candle analysis itself must result in either profitable trading or something close to it. It means TP at the distance measured from the BO candle, sizing the BO candle itself.

Second, profit analysis must help to improve or secure profit. This is to determine the candle size multipliers as TP levels for profit taking for each BO candle size.

Third, There are filters to filter out few bad trades. The idea is to improve profitability. I do not have these in the EA. Think of simple ones or any that can be backtested with the open price method. I have not made a list because this is next step and I can not even find a scripter to adjust the files a bit.

Fourth, it is possible to play with the settings to get even more profit out of the market. I played with the ones available but due to the nature of this strategy, this is not what the EA needs right now. It is pointless to do so at the moment. Those who understand the logic described in the document know why I say so.

Also, this strategy will work as universal only if the datasets of other pairs will become available by the help of the script that generates them. So it is equally pointless to put the current EA on pairs and TFs other than EURUSD M15.

Why this strategy does not generate interest, I can not comprehend...
functionaltrader.com
  • #23
  • Oct 4, 2012 12:43pm Oct 4, 2012 12:43pm
Quoting rewand
Let me simplify..

The engine of this EA is the candle analysis based on past data. I do not have the recent past data, so I can not play with this unless someone helps me and finish the attached script. Candle analysis itself must result in either profitable trading or something close to it. It means TP at the distance measured from the BO candle, sizing the BO candle itself.

Second, profit analysis must help to improve or secure profit. This is to determine the candle size multipliers as TP levels for profit taking for each...
I tested it on EURUSD, GBPUSD, USDCHF. It is small profit. For me it is better robust set how tight unavailable optimization.
  • #24
  • Edited 1:53pm Oct 4, 2012 1:35pm | Edited 1:53pm
Please do not test it on other pairs/TFs, it is entirely pointless and unofficial at the moment. Also, please try to understand the logic before drawing conclusions on profit as drawing conclusions on the profit with recent data is not possible to do right now! Keep post #22 in mind.
functionaltrader.com
  • #25
  • Oct 4, 2012 2:27pm Oct 4, 2012 2:27pm
Quoting rewand
Let me simplify..

The engine of this EA is the candle analysis based on past data. I do not have the recent past data, so I can not play with this unless someone helps me and finish the attached script. Candle analysis itself must result in either profitable trading or something close to it. It means TP at the distance measured from the BO candle, sizing the BO candle itself.

Second, profit analysis must help to improve or secure profit. This is to determine the candle size multipliers as TP levels for profit taking for each...

Well... I like your idea very much. It goes well with markets microstructure.

Whats does not is your TP. Instead of TP incorporate a Trailing stop. Have you thought about it?
  • #26
  • Edited 3:20pm Oct 4, 2012 2:45pm | Edited 3:20pm
I think the option is there in the EA but it is not possible to backtest trailing stop as TP. I would rather TP at daily pivots near the calculated TP levels. Anyway, the TP level is not stg i like, it is stg that works statistically, it has no other reason and lacks meaning as well. That is why you do not like it, i do not like it either. But it works!
functionaltrader.com
  • #27
  • Oct 4, 2012 3:21pm Oct 4, 2012 3:21pm
Quoting rewand
I think the option is there in the EA but it is not possible to backtest trailing stop as TP. I would rather TP at daily pivots near the calculated TP levels. Anyway, the TP level is not stg i like, it is stg that works statistically, it has no other reason and lacks meaning as well. That is why you do not like it, i do not like it either.

Well if you have such an option in the EA.. I guess just install backtesting tool to mt4, remove the TP option and try it.

trailing stop should be volatility adjusted, e.g. use ATR.

Problem is that you can't get an edge with fixed TP AND your current WIN/LOSS ratio. if its 50%/50% then an edge on trailing stop will make you money.

its like coin flip that everybody talks about here. you pay 1 buck for heads and get payed 2 for tails. there's your edge.

it is POSSIBLE to test with a trailing stop. Depending on a strategy you either use TP or TS. You haven't tried the TS yet... :nerd:
  • #28
  • Oct 4, 2012 3:22pm Oct 4, 2012 3:22pm
Quoting rewand
I think the option is there in the EA but it is not possible to backtest trailing stop as TP. I would rather TP at daily pivots near the calculated TP levels. Anyway, the TP level is not stg i like, it is stg that works statistically, it has no other reason and lacks meaning as well. That is why you do not like it, i do not like it either. But it works!
ohh.. what do you mean it works if EA is showing BE results?
  • #29
  • Oct 4, 2012 3:24pm Oct 4, 2012 3:24pm
AND... could you make 10 usual charts with the system? and how they played out?

there will be your proof or not
  • #30
  • Edited 3:50pm Oct 4, 2012 3:35pm | Edited 3:50pm
Quoting arsa
AND... could you make 10 usual charts with the system? and how they played out?

there will be your proof or not
What do you mean by making 10 usual charts? Post a picture of my mt4 with the Ea on it? I can post the balance curve or anything you want, except things that make me work and use up my time in vain.

Do not get too attached to the current EA. I created the formula in it 18 months ago. That reflected candle data 18 to 30 months back. If you check how the EA performed 18 months back and for several months afterwards, that is what I refer to. I consider even BE as a result when not even a single indicator is used in trading. Think about what difference one single indicator can make here.

Trailing stop, I am not a pro at it and I do not understand how it would play out with the open price method. However, these trades are for short term with few pips profit (15-30) and usually there is a retrace that would hit the trailing stop fast. I think there is no room for it. Check the EA, it has a TS function.

Posted balance curve. Started running the EA at 5950 USD, demo, you can see indication when I started, ~7 months ago. Why would I hide anything, the EA can be backtested easily.
Attached Image (click to enlarge)
Click to Enlarge Name: sbor.GIF Size: 8 KB
functionaltrader.com
  • #31
  • Oct 12, 2012 2:42am Oct 12, 2012 2:42am
Hello Traders,

There is still no refutation to this strategy, so do not give up giving it a try.

Also, again I would like to draw attention to the fact that it is not the result of the current EA that counts. The EA can be backtested but it is outdated, I just share it to show that the EA is virtually ready, what is most needed is a slight modification to the attached script, plus few things that do make sense.

Tell me, is this strategy too complex to you guys? Is not a strategy promising when nobody refutes it?

A.
functionaltrader.com
  • #32
  • Oct 12, 2012 5:23am Oct 12, 2012 5:23am
Quoting rewand
Hello Traders,

There is still no refutation to this strategy, so do not give up giving it a try.

Also, again I would like to draw attention to the fact that it is not the result of the current EA that counts. The EA can be backtested but it is outdated, I just share it to show that the EA is virtually ready, what is most needed is a slight modification to the attached script, plus few things that do make sense.

Tell me, is this strategy too complex to you guys? Is not a strategy promising when nobody refutes it?

A.
The results of EA for EURUSD, GBPUSD, USDCHF are negative. In real-time demo account. I will analyze the nature of the system. Probably will end testing.
  • #33
  • Oct 12, 2012 6:36am Oct 12, 2012 6:36am
Quoting jako2
The results of EA for EURUSD, GBPUSD, USDCHF are negative. In real-time demo account. I will analyze the nature of the system. Probably will end testing.
Hi,

Due to the nature of this strategy and EA of course you will get negative results for GBPUSD and USDCHF. Also, do not expect that much on EURUSD yet. It is important to understand how the strategy works before expecting positive results from it. The manual explains this all.

A.
functionaltrader.com
  • #34
  • Oct 12, 2012 11:25pm Oct 12, 2012 11:25pm
Quoting rewand
Hi,

Due to the nature of this strategy and EA of course you will get negative results for GBPUSD and USDCHF. Also, do not expect that much on EURUSD yet. It is important to understand how the strategy works before expecting positive results from it. The manual explains this all.

A.
I understand how the strategy works.
  • #35
  • Last Post: Oct 23, 2012 8:09am Oct 23, 2012 8:09am
Hi, I am posting the results on demo for the past ~1 month, the results since the last time I posted similar results. I believe forex is the easiest game as nobody is interested to make even a little bit of effort to improve a strategy like this. Alternatively, people must have a tendency to deal with strategies that surely lead them to loss. Anyone to refute the validity of this strategy?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.GIF Size: 190 KB
functionaltrader.com
0 traders viewing now