may be you should code and test the opposite.
with same rr trading the last close direction.
with same rr trading the last close direction.
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DislikedI did a small test just to see where the losses happens, 25 wins in a row apparantly it works great when it's trending, added a momentum indicator and a loss came at the reversal I also noticed that it doesn't trade on all bars, maybe I don't understand the settings, what I want to do is set a range between two dates, for example when we have a ranging market going sideways, but if I do it don't trade much? {image} {image}Ignored
DislikedHere is Version 1.10 of the EA that doesn't trade if the body size of the previous daily candle is less or greater than two user specified thresholds.From two above backtests we can observe that a win rate of about 70% can be expected from this strategy. If we add more effective filters we may be able to increase the win rate, but it is not easy to reach to 90% win rate... I guess...Ignored
Disliked{quote} MT7, One question if I may: why does the position size increase abnormally in the two places indicated by the arrows in my screenshot? Is the EA running some kind of martingale? Thanks, David {image}Ignored
Notes :
Ooops : that was an old version.
New Version is uploaded now. Sorry.
DislikedHere is Version 1.10 of the EA that doesn't trade if the body size of the previous daily candle is less or greater than two user specified thresholds. {image}{image}{file} From two above backtests we can observe that a win rate of about 70% can be expected from this strategy. If we add more effective filters we may be able to increase the win rate, but it is not easy to reach to 90% win rate... I guess...Ignored
DislikedEven though I did not write the EA, I believe that the reason is because it utilizes dynamic position sizing due to % risk.
If the pips to the SL is small enough, the position size will be significantly increased to keep the $'s risked equal to those positions where the pips to the SL are greater. I am positive that there is no Martingale type position sizing in the EA. May GREEN pips continually flow into your account and your life.Ignored
DislikedHi all. Here is one with 90% win rate... Any ideas why it only works in backtesting and with a low spread ? {image} {file}Ignored
DislikedHi all. Here is one with 90% win rate... Any ideas why it only works in backtesting and with a low spread ? {image} {file}Ignored
Disliked{quote} MT7, One question if I may: why does the position size increase abnormally in the two places indicated by the arrows in my screenshot? Is the EA running some kind of martingale? Thanks, David {image}Ignored
Disliked{quote} Simulated ticks by the MT4 strategy tester represents some patterns in tick speeds, tick jumps, etc. which makes some newbie EA developers think that they had found holy grail.Ignored
Disliked{quote} Exactly. Thats why an EA should be tested in live market conditions for at least 2 weeks, than backtested on the same 2 weeks to check the results. The results of live tests and backtest must be identical, otherwise the EA simulation is not valid.Ignored
DislikedThis is version 2 of Retracer_Extender EA for testing purposes. Updates : ATR filter with input ATR period added, that can be set to avoid trading if previous candle range is less that ATR x Min Multiplier, or larger than ATR x Max Multiplier. Max Lots input that can be set to avoid trading large volumes if SL is too small. In such case Max Lots is used instead of calculated lots. The EA uses previous candle close instead of (high/low) as indicated by roughtrader. Notes : The EA can be used to trade in the SAME direction as previous candle, or Opposite...Ignored
Disliked{quote} Hi Honover, There is no Martingale! As SmoothTrader mentioned, that is because of the lot size resolution set by the broker. For example, if lot step size is 0.01, then there are situations that given a stop loss distance, it is not possible to calculate a lot size that makes the trade risk equal (even approximately) to the desired risk. Best, MathIgnored