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Great Breakout System with Unfinished EA

  • #1
  • First Post: Edited 4:18am Aug 4, 2013 2:57am | Edited 4:18am
Here's the story, I came up with a trading idea a few months ago and posted it on Baby Pips forum, within a couple weeks due to some unconventional MM and other ideas it morphed into an incredible system with huge potential and one of the guys over there started making an EA so it could be backtested. When the second version of the EA was tested the backtest results were unbelievable and looking at the backtest it was working perfectly but when front tested there were problems because of the way the orders were placed, since then the thread died and the programmer hasn't been seen. If someone could get it working like it does in the backtests it will be a huge winner IF you don't mind some short term drawdown to go with your long term profits. Could someone please help? Here is a link to the original post for all the details and I also attached the EA, ATM the default settings are the settings I used to get the great results, the only thing that would give you better results in the backtest is a higher risk percentage. http://forums.babypips.com/free-fore...sses-year.html Post 89 in that thread has backtest results using 10% risk, if you have better than 50:1 margin your results will be even better.


Attached File(s)
File Type: zip Swing 1_2.zip   4 KB | 798 downloads

Attached File(s)
File Type: mq4 Swing_ZZ_with_alert.mq4   13 KB | 755 downloads
This indicator is needed to run the EA
Post any question you have I'll answer within 12hrs.
  • #2
  • Aug 4, 2013 3:47am Aug 4, 2013 3:47am
If you are using a custom zigzag, you will need to post that as well.
  • #3
  • Aug 4, 2013 4:05am Aug 4, 2013 4:05am
Quoting Pardy
If you are using a custom zigzag, you will need to post that as well.

Here it is

Attached File(s)
File Type: mq4 Swing_ZZ_with_alert.mq4   13 KB | 552 downloads
  • #4
  • Aug 4, 2013 4:26am Aug 4, 2013 4:26am
Quoting Pardy
If you are using a custom zigzag, you will need to post that as well.

Thanks for the heads up I added the indicator to original post. Sorry, I forgot that was needed to run the EA.
  • #5
  • Aug 4, 2013 4:31am Aug 4, 2013 4:31am
Hi, I'm backtesting it on EURUSD with all default parameters, back in a moment...
Simplicity is the Ultimate Sophistication.
  • #6
  • Aug 4, 2013 4:39am Aug 4, 2013 4:39am
Ok, here are the results of 5 years tests on EURUSD on 30 min timeframe as I saw on the EA. All parameters are default.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 20 KB


Nothing impressive here or have I missed something ?
Simplicity is the Ultimate Sophistication.
  • #7
  • Aug 4, 2013 5:14am Aug 4, 2013 5:14am
Quoting broketrader
Ok, here are the results of 5 years tests on EURUSD on 30 min timeframe as I saw on the EA. All parameters are default. {image} Nothing impressive here or have I missed something ?
You didn't turn on the MM did you, that was a crazy idea that screws up the results, MM has to be off, it has a duel MM setup it does a simple lot progression based on margin available when MM is off and when it's on it does something that didn't work. I'm doing a backtest I'll post the results and all the settings I as soon as it finishes.
  • #8
  • Aug 4, 2013 5:24am Aug 4, 2013 5:24am
Here are the results and setting from my backtest.

Attached Image (click to enlarge)
Click to Enlarge Name: Settings.JPG Size: 111 KB


Attached Image (click to enlarge)
Click to Enlarge Name: report.JPG Size: 66 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Graph.JPG Size: 68 KB
  • #9
  • Aug 4, 2013 5:24am Aug 4, 2013 5:24am
If you don't have custom data, backtests on weekends, when market is closed and the broker whide the spreads is pretty useless.
  • #10
  • Aug 4, 2013 5:24am Aug 4, 2013 5:24am
As I said, I left all the parameters at default, I didn't touch anything. and I can see that "UseMM" is set to false. So the results are with MM off.
Simplicity is the Ultimate Sophistication.
  • #11
  • Aug 4, 2013 5:30am Aug 4, 2013 5:30am
Quoting joancb
If you don't have custom data, backtests on weekends, when market is closed and the broker whide the spreads is pretty useless.

It seems that you don't test often. Metatrader as a field to force spread to any value you want, I set it to 2 as it's the standard spread on normal situations from my broker.

Jaws, let's investigate why your results are so different from mine...
Simplicity is the Ultimate Sophistication.
  • #12
  • Aug 4, 2013 5:33am Aug 4, 2013 5:33am
Quoting joancb
If you don't have custom data, backtests on weekends, when market is closed and the broker whide the spreads is pretty useless.
I forgot about that, the newest version of MT4 added a spread option to strategy tester to fix that problem, update MT4 and set the spread to 2 and then your results should match mine. The latest is build 509
  • #13
  • Aug 4, 2013 5:40am Aug 4, 2013 5:40am
All parameters default, is that right ?
Test range from 01.01.2010 to 01.01.2013
Initial deposit = 10k

Will run again tests and be back with results, tell me if I have forgotten something, thanks.
Simplicity is the Ultimate Sophistication.
  • #14
  • Aug 4, 2013 5:42am Aug 4, 2013 5:42am
Quoting broketrader
{quote} It seems that you don't test often. Metatrader as a field to force spread to any value you want, I set it to 2 as it's the standard spread on normal situations from my broker. Jaws, let's investigate why your results are so different from mine...
Your trade count is very low, it might be possible that you'r tester is set to only take trades in one direction.
  • #15
  • Aug 4, 2013 6:03am Aug 4, 2013 6:03am
No, I have long & short which is the default.
Maybe a difference in data. Do you use tick data ? I use 1 min bar quotes from http://www.histdata.com

Is the EA so sensible that it needs tick data ?

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 56 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 16 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Image3.png Size: 19 KB
Simplicity is the Ultimate Sophistication.
  • #16
  • Aug 4, 2013 6:15am Aug 4, 2013 6:15am
Any other mate here that could run the same tests for comparison ???
Simplicity is the Ultimate Sophistication.
  • #17
  • Aug 4, 2013 6:57am Aug 4, 2013 6:57am
Quoting broketrader
Any other mate here that could run the same tests for comparison ???

Hi BrokeTrader,

I just download history files from the site you gave http://www.histdata.com and i extracted the files in history/download .... now when I go to History center in MT4 platform and I do Import the .csv file nothing happens !!!! how do we integrate the data in MT4 ..


thanks
  • #18
  • Aug 4, 2013 7:16am Aug 4, 2013 7:16am
Quoting Jurex
{quote} Hi BrokeTrader, I just download history files from the site you gave http://www.histdata.com and i extracted the files in history/download .... now when I go to History center in MT4 platform and I do Import the .csv file nothing happens !!!! how do we integrate the data in MT4 .. thanks
Hi Jurex, try to follow this procedure.

1) Close all your EURUSD charts
2) Go to history center (press F2)
3) Open EURUSD pair (double-click) and for each time frame, double-click on it, select all records (click on first, hold shift key, scroll down and click on last) and delete them.
4) When all records on all time frames deleted, double click again on the 1 min time frame, you should have nothing there as everything has just been deleted.
5) Click on the import button and select a csv file downloaded from histdata.com you have to do so for each year/month file downloaded.
6) When done, close and restart metatrader. Now you have all 1 min data for the years you have downloaded from histdata,com
7) Now, go to File > Open Offline, find EURUSD,M1 and double click on it, you will have a 1 min chart for all the years you downloaded.
8) We have not finished yet, now, you need to convert this 1 min data to other time frames...
9) Download this auto-converter script here and copy it into the scripts folder.
10) Maybe you need to restart metatrader again to see the Auto_converter script appearing under the "Script" folder in the navigator window.
11) On your 1 min chart, double click on the Auto_converter script and wait until it writes "Done" in the top left corner of the chart.
12) You are ready now to run your tests.
Simplicity is the Ultimate Sophistication.
  • #19
  • Aug 4, 2013 7:37am Aug 4, 2013 7:37am
i also get positive result on testing EURUSD M30 for data from 27 March 2010 until June 2013.

Keep in mind im using 1 min paid data from forextester, which they collect directly from broker like InterbankFX so i guess the accuracy is way better than any other free data (because i have compared the bar closed/open/high/low in details with my real IBFX account and everything matched perfectly)

However, i was testing with spread "25", considering that i use a 5 digit broker should I put 2 or 20 there? 25 means 25 pips or 2.5 pips? i am still new to strategy tester so sorry for a newbie question lol

btw now testing again with spread as "current" then will post screenshot here. i am getting different result from jaws810 but still positive.
  • #20
  • Aug 4, 2013 7:53am Aug 4, 2013 7:53am
Quoting rsg10z
i also get positive result on testing EURUSD M30 for data from 27 March 2010 until June 2013. Keep in mind im using 1 min paid data from forextester, which they collect directly from broker like InterbankFX so i guess the accuracy is way better than any other free data (because i have compared the bar closed/open/high/low in details with my real IBFX account and everything matched perfectly) However, i was testing with spread "25", considering that i use a 5 digit broker should I put 2 or 20 there? 25 means 25 pips or 2.5 pips? i am still new...
It's a good question. I would say that spread is expressed in the most small unit, that is to say if you have a 5 digit broker 1 pip is made of 10 points or micropips, so I think that you should put 20 for 2 pips.
Simplicity is the Ultimate Sophistication.
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