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Open Scalping Strategy

  • #101
  • Jul 28, 2014 10:48pm Jul 28, 2014 10:48pm
Hi ! this is result i am backtest your system.Anything wrong ?

Inserted Code
 
void OnTick()
  {
//---
   double MOPEN      = iOpen(Symbol(),PERIOD_M1,0);
   double WOPEN      = iOpen(Symbol(),PERIOD_W1,0);
   double PreClose   = iClose(Symbol(),PERIOD_D1,1);
   double PreHigh    = iHigh(Symbol(),PERIOD_D1,1);
   double PreLow     = iLow(Symbol(),PERIOD_D1,1);
   double CLOSE      = iClose(Symbol(),PERIOD_D1,0);
  
   if (Bars != ThisBarTrade ) {
      ThisBarTrade = Bars;  // ensure only one trade opportunity per bar
      AllowTrade=true;
   }
  
   if(PreClose>MOPEN && PreClose>WOPEN && CLOSE>PreHigh && CountOrdersThisPairBUY()<Maxorders){
      Take_Position(true);
      AllowTrade=false;
   }
  
   if(PreClose<MOPEN && PreClose<WOPEN && CLOSE<PreLow && CountOrdersThisPairSELL()<Maxorders){
      AllowTrade=false;
   }
  
   ManagerPosition();
  }

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

Attached Image (click to enlarge)
Click to Enlarge Name: result2.png Size: 18 KB
  • #102
  • Edited 8:33am Jul 29, 2014 8:22am | Edited 8:33am
Hi all,

I made a limited manual backtest on NU that brings interesting results I think although the period backtested is limited. Here it goes:

Backtest from March 2014 until now.
Pair: NU

1) Backtest 1: pending order placed at end of the day.
Total trades: 35
% wins: 60% of which 57% occured during the asian session
% loss: 40% of which 100% occured during the asian session

2) Backtest 2: pending order placed at Franfort open. If current Price is below/above previous day low/high and during the sesión Price come back with a close above/below on the 5 TF, pending order would be placed.
Total trade: 23
% win: 78%
% loss: 22%

3) Backtest 3: pending order placed at Franfort open. If current Price has breached below/above previous day low/high during the asian session, no trade.
Total trades: 9
% win: 100%

Hope you'll find that useful.
  • #103
  • Jul 29, 2014 11:50am Jul 29, 2014 11:50am
Same backtest for EU since March 23th:

1. Pending order at end of the day:
Number of trades: 26
% win: 35% of which 22% during asian session
% loss: 65% of which 35% during asian sesión

2. Pending order at Frankfort open:
Number of trades: 26
% win: 50%
% loss: 50%
  • #104
  • Jul 29, 2014 1:56pm Jul 29, 2014 1:56pm
Could you plz explain best with a pic the "Backtest 2 " you provided ?
  • #105
  • Jul 30, 2014 3:13am Jul 30, 2014 3:13am
Quoting DerBerliner
Could you plz explain best with a pic the "Backtest 2 " you provided ?
Here you have.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM5.png Size: 34 KB
  • #106
  • Jul 30, 2014 3:53am Jul 30, 2014 3:53am
Dear Mr. William,

Brilliant strategy. I am in. I will start doing from now and will post results.
  • #107
  • Jul 30, 2014 4:21am Jul 30, 2014 4:21am
Thank you everyone for testing the strategy and improving it

-William
Profit is on the other side of your mind
  • #108
  • Jul 30, 2014 4:34am Jul 30, 2014 4:34am
Backtest from March 23TH 2014 until now.
Pair: GU

1) Backtest 1: pending order placed at end of the day.
Total trades: 34
% wins: 59% of which 30% occured during the asian session
% loss: 41% of which 21% occured during the asian session

2) Backtest 2: pending order placed at Franfort open. If current Price is below/above previous day low/high and during the sesión Price come back with a close above/below on the 5 TF, pending order would be placed.
Total trade: 32
% win: 53%
% loss: 47%

3) Backtest 3: pending order placed at Franfort open. If current Price has breached below/above previous day low/high during the asian session, no trade.
Total trades: 24
% win: 58%
% LOSS: 42%
  • #109
  • Jul 30, 2014 5:18am Jul 30, 2014 5:18am
Backtest from April 22TH 2014 until now.
Pair: uchf

Total trades: 21
% wins: 67%
% loss: 33%

All trades were taken outside the asian session save for 1 that resulted in a loss.
  • #110
  • Jul 30, 2014 8:10am Jul 30, 2014 8:10am
Backtest from March 23TH 2014 until now.
Pair: AU

1) Backtest 1:
Total trades: 29
% wins: 55% of which 63% occured during the asian session
% loss: 45% of which 85% occured during the asian session

2) Backtest 2:
Total trade: 20
% win: 55%
% loss: 45%

3) Backtest 3:
Total trades: 8
% win: 75%
% LOSS: 25%


My conclusion from this limited backtesting is that we may have high probability trades for AU and NU if the first breakout occurred outside the asian session. By the way, TP hit on NU, AU and UCHF today !

Thanks for sharing Swillian !
  • #111
  • Jul 30, 2014 8:19am Jul 30, 2014 8:19am
Hi Fbird ! Well done bro !
How long exactly in your bt's ("Bachtest3") the asian session does last ?

From tokyo/sydney (?) open .... to ... o'clock ?
  • #112
  • Jul 30, 2014 9:10am Jul 30, 2014 9:10am
Quoting DerBerliner
Hi Fbird ! Well done bro ! How long exactly in your bt's ("Bachtest3") the asian session does last ? From tokyo/sydney (?) open .... to ... o'clock ?
Hi Deberliner,

From 00:00 to 07:00 CET
  • #113
  • Jul 31, 2014 12:48am Jul 31, 2014 12:48am
Nice results, filtering this with real scenarios like news can even increase win rate
Profit is on the other side of your mind
  • #114
  • Jul 31, 2014 12:51am Jul 31, 2014 12:51am
Quoting Nico1359
{quote} One question if you don't mind... Do you have the .mq4 file for this indicator? I'm trying to input it into a backtester/EA program, but it requires the .mq4 and doesn't accept the ex4. Thanks
i dont have mq4 file. i just found this free indicator in ex4
Profit is on the other side of your mind
  • #115
  • Jul 31, 2014 2:31am Jul 31, 2014 2:31am
1st Attempt
2 trades
GBPAUD
1 BE
1 SL - 10 pips

Attached Image


May be I did not give enough room for the order to breath.
  • #116
  • Jul 31, 2014 3:28am Jul 31, 2014 3:28am
AU TP hit London open
  • #117
  • Jul 31, 2014 3:40am Jul 31, 2014 3:40am
Hi,

atm GU and AU hit TP so +20

waiting for the other pairs....
  • #118
  • Jul 31, 2014 3:46am Jul 31, 2014 3:46am
Quoting Fbird
AU TP hit London open
Quoting mwsteiner
Hi, atm GU and AU hit TP so +20 waiting for the other pairs....
Together, Chart please.

GU, TP hit
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 10 KB
  • #119
  • Jul 31, 2014 3:59am Jul 31, 2014 3:59am
AU trade:
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM5.png Size: 32 KB
  • #120
  • Jul 31, 2014 8:08am Jul 31, 2014 8:08am
Hi everyone.
Two trading today. Gu-BE 0.5 pips. Gold 8.7 pips
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 4 FinFX.png Size: 209 KB
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