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what can we do with 90% winrate?

  • #101
  • Oct 27, 2015 3:25pm Oct 27, 2015 3:25pm
5 days of testing (my new daily candle opens at NY Close)

using 1% size for TP, over 7 pairs.
18 Winners 3 Losers (~85% win rate)
Gain of roughly ~8%

I found its better just to use 0.6%, out of those losers, once it passed the 0.5% mark - it pretty much headed for SL
  • #102
  • Oct 28, 2015 4:15am Oct 28, 2015 4:15am
First live trade last night, EUR/CAD 22 pips.



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  • #103
  • Oct 28, 2015 4:15am Oct 28, 2015 4:15am
I tested EA with EU, it's ok!
but I have a question: Why run on Daily chart? I think user can chose chart type: H1, h4 to setup EA.
  • #104
  • Oct 29, 2015 3:38am Oct 29, 2015 3:38am
Another live trade, GA, 50 pips.

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  • #105
  • Nov 1, 2015 7:34pm Nov 1, 2015 7:34pm
Potential noob input here, but what if there wasn't a stop loss at all? Just let the trades run? Maybe put in some sort of rule that doesn't allow for more than 10 trades at .01 lots per trade on a $1,000 account size.. So that way you never have more than 0.1 lots per $1,000 open at any given time. All the while your "bad" trades are hurting you, the good ones are making money until the bad ones come back.

I am not a fan of S/L's because that's a line that guarantees you lose.

I see that trend would be the biggest problem, especially if a trade is running against you, but trends turn around. What if the market finally comes back to your T/P line? Then you didn't lose a thing, just took some heat.

Second thought, limiting yourself to 10x.01 lot trades could potentially turn into just having 10 negative trades open until you get margin'd out.

To teach my ignorant self a thing or two, could one of you guys put this through that backtest?
  • #106
  • Nov 2, 2015 10:46pm Nov 2, 2015 10:46pm
Quoting roughtrader
{quote} as it is right now, because of the win ratio is 90 % the wins wil cover the losses long term, but sure, I would like to improve it, this is tested over 1000 trades. also note that all trades in pips are not equal, a long candle will give more pips, because the target from close to target will also be larger then, even though large candles are most risky, if the momentum is strong, sometimes there is no retrace on those, but if you have a look on any chart, you will see wicks on almost all candles, those wicks will be wins, you are more than...
dear friend
can you till at which currency pair you made your 1000 candle backtest that give you the win rate 95%???
  • #107
  • Nov 12, 2015 10:26pm Nov 12, 2015 10:26pm
I know this thread died long ago. Just wanted to add that I have written a fully functional EA for it. I've tested all sorts of max & min ranges and retracement levels. I've attached my version for you to use if you'd like.

Attached Image


MaxRange represents the max range in pips that qualifies for trade
MinRange represents the min range in pips that qualifies for trade
RetraceGoal: 0.2 represents 20% of the previous candle's retracement
StopLoss: 0.62 represents 62% of the previous candle's continuation
MagicNumber represents the ID number, so you know which EA initiated that trade. (In the case that you have multiple EA's on the same currency.)
The other settings are obvious.

Attached Image


As this method wasn't profitable, and 2 weeks ago I learned MQL4 to create it, I am interested in automating anyone's strategy they believe is profitable. Inbox me

Edit: My EA is now attached, lol
Attached File(s)
File Type: ex4 RetracePro.ex4   7 KB | 536 downloads
  • #108
  • Nov 14, 2015 8:14am Nov 14, 2015 8:14am
Entry setup and SL looks nice but shouldnt TP be larger? At least looking at graph i see potential. What you think of adding TP as parameter?
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  • #109
  • Nov 14, 2015 1:47pm Nov 14, 2015 1:47pm
The "RetraceGoal" setting is the TakeProfit in this EA. And if you click "Expert Properties" you can adjust the settings to your own liking.
  • #110
  • Nov 14, 2015 3:36pm Nov 14, 2015 3:36pm
Silly me
  • #111
  • Nov 14, 2015 5:26pm Nov 14, 2015 5:26pm
Did some backtest, apparently not worth to trade at wednesdays
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  • #112
  • Nov 15, 2015 10:12am Nov 15, 2015 10:12am
you are right, it has not been worth trading this lately, tiny bars is just not worth it,
Bulls are stupid Animals!especially when Im short!
  • #113
  • Nov 15, 2015 10:14am Nov 15, 2015 10:14am
Quoting AdamG
Entry setup and SL looks nice but shouldnt TP be larger? At least looking at graph i see potential. What you think of adding TP as parameter? {image}
it has been shown in tests that a larger tp will affect the winrate in a negative way,
so I wouldn't recommend that, hoping to find another sollution
Bulls are stupid Animals!especially when Im short!
  • #114
  • Nov 15, 2015 10:17am Nov 15, 2015 10:17am
Quoting cuongit359
I tested EA with EU, it's ok! but I have a question: Why run on Daily chart? I think user can chose chart type: H1, h4 to setup EA.
im my experience, the pips you get when you win will be tiny on a 1 hour chart and even 4 hour, that is why I recommend the daily chart,
the higher you go the more profit, the weekly would even be better, but, the losses would be huge to.
Bulls are stupid Animals!especially when Im short!
  • #115
  • Nov 15, 2015 10:22am Nov 15, 2015 10:22am
I have an idea to implement an exponential or even wedged moving average, and only take buy trades when price is above the ma and only sells when below,
then we would trade in the trend direction even tho it is a counter trade method, still not sure how to combat the huge sl,
but I guess to get the winrate even higher could do it
Bulls are stupid Animals!especially when Im short!
  • #116
  • Nov 15, 2015 10:25am Nov 15, 2015 10:25am
Quoting caseyf1234
Potential noob input here, but what if there wasn't a stop loss at all? Just let the trades run? Maybe put in some sort of rule that doesn't allow for more than 10 trades at .01 lots per trade on a $1,000 account size.. So that way you never have more than 0.1 lots per $1,000 open at any given time. All the while your "bad" trades are hurting you, the good ones are making money until the bad ones come back. I am not a fan of S/L's because that's a line that guarantees you lose. I see that trend would be the biggest problem, especially if a trade...
The issue with not using stop losses, is that should the market hit into a trend reversal, your account will slowly bleed out. Using the method you suggested when EU was at 1.39 and dropped to 1.04 you would of margin called many times over! There comes a point in which a trader should realize that stop losses are needed.
  • #117
  • Nov 15, 2015 10:26am Nov 15, 2015 10:26am
Quoting caseyf1234
I know this thread died long ago. Just wanted to add that I have written a fully functional EA for it. I've tested all sorts of max & min ranges and retracement levels. I've attached my version for you to use if you'd like. {image} MaxRange represents the max range in pips that qualifies for trade MinRange represents the min range in pips that qualifies for trade RetraceGoal: 0.2 represents 20% of the previous candle's retracement StopLoss: 0.62 represents 62% of the previous candle's continuation MagicNumber represents the ID number, so you know...
thread is not dead, it's just that good ideas can take time to come up with, thanks for your contribution, the EA loose great,
how about adding a ma to it, only buy above and only sell below?
Bulls are stupid Animals!especially when Im short!
  • #118
  • Nov 15, 2015 10:30am Nov 15, 2015 10:30am
ok, I think here is how we can make the sl smaller, this is just an idea, not tested,
how about adding the ma as I described, but we also use 2 timeframes.
I suggest 3 horisontal lines that will plot the high low and close on a 5 minute chart.

for entry, buy if price is above the ma and cross the close line,
and put the stop slightly below the close line.
Bulls are stupid Animals!especially when Im short!
  • #119
  • Nov 15, 2015 11:34pm Nov 15, 2015 11:34pm
Quoting roughtrader
{quote} thread is not dead, it's just that good ideas can take time to come up with, thanks for your contribution, the EA loose great, how about adding a ma to it, only buy above and only sell below?
Hello roughtrader, I've learned a lot about MQL4 since we spoke last. I did add a MA in one of my versions. Didn't seem to change the win-rate much.
  • #120
  • Nov 15, 2015 11:37pm Nov 15, 2015 11:37pm
interesting.i have a complete different stradegy , win rate 10% win ration to loss : 5000% , which means one winning trade can swing all my 7 losses into pure profits. my win rate is at 50%, so the trade could go this way ....L,L,L,L,BE,BE,W , where L = losing/closed trade , W = win , BE = breakeven close , i am still in profits
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