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Simple morning hours breakout system - forward test $1000 => ?

  • #61
  • Feb 22, 2016 2:57am Feb 22, 2016 2:57am
Quoting Kunay9
hello everyone and thanks Xaron and Abowaik for your support i agree too that small candles could sometimes trigger ''random'' trades but i think that a possible solution to this problem could be to use the double or triple of the ATR applyed to the close of the signal candle i also noticed that the ''recovery'' trade on those candle activate too quickly cause it is too close to first trade and that could be another source of overexposure that could be limited by activating ''recovery'' trades only when the price has gone further our way ( could...
Very valid points Kunay. I totally agree
No guts, no glory
  • #62
  • Feb 22, 2016 5:52am Feb 22, 2016 5:52am
Now look at that beautiful EUR/USD short. We still would be in that trade, trailing it... A pity!
  • #63
  • Feb 22, 2016 6:15am Feb 22, 2016 6:15am
Quoting Xaron
Now look at that beautiful EUR/USD short. We still would be in that trade, trailing it... A pity!
Right. I believe we should incorporate a min/max stop loss relative to each pair using ATR as Kunay suggested. And since lot size is variable and calculated based on fixed risk, I think it will give better results.
No guts, no glory
  • #64
  • Feb 22, 2016 7:04am Feb 22, 2016 7:04am
How do you want to use the ATR when the opposite order is that close?
  • #65
  • Feb 22, 2016 7:33am Feb 22, 2016 7:33am
Suppose the trigger candle range is 10 pips, and our selected ATR is 20 pips, so we have a shortage of 10 pips, we split into 2 parts, 5 added to the candle high, and 5 pips subtracted from candle low, creating a phantom candle. see chart (red rectangle is the phantom candle replacing the actual trigger candle).

Just an opinion.
Attached Image (click to enlarge)
Click to Enlarge Name: eb3.PNG Size: 30 KB
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  • #66
  • Feb 22, 2016 7:39am Feb 22, 2016 7:39am
Quoting abokwaik
Suppose the trigger candle range is 10 pips, and our selected ATR is 20 pips, so we have a shortage of 10 pips, we split into 2 parts, 5 added to the candle high, and 5 pips subtracted from candle low, creating a phantom candle. see chart (red rectangle is the phantom candle replacing the actual trigger candle). Just an opinion.
yep i mean that
Attached Image (click to enlarge)
Click to Enlarge Name: atr.JPG Size: 235 KB
  • #67
  • Feb 22, 2016 7:50am Feb 22, 2016 7:50am
Ah got it. Of course, makes sense! Let's try that
  • #68
  • Feb 22, 2016 11:41am Feb 22, 2016 11:41am
i backtested the whole february with e/u, i set orders 4 pips away from the high and low of the candle and the results are stunning, it's 15 winners and 3 losers, if you would risk 5% per trade, that should be 60% gain of your investment and the month isn't over yet.
"If it wasn't hard everyone would do it. Its the hard that makes it great."
  • #69
  • Feb 22, 2016 6:46pm Feb 22, 2016 6:46pm
Quoting abokwaik
Suppose the trigger candle range is 10 pips, and our selected ATR is 20 pips, so we have a shortage of 10 pips, we split into 2 parts, 5 added to the candle high, and 5 pips subtracted from candle low, creating a phantom candle. see chart (red rectangle is the phantom candle replacing the actual trigger candle). Just an opinion. {image}
++++++++++++++++++++++++++++++++


Good catch Xaron. abokwaik & Kanay9, I think you may be onto something. Usually false BO's are minimal pips. I'll be on the testing circuit myself.
Thanks,
Darryl
  • #70
  • Feb 22, 2016 7:41pm Feb 22, 2016 7:41pm
Quoting abokwaik
Suppose the trigger candle range is 10 pips, and our selected ATR is 20 pips, so we have a shortage of 10 pips, we split into 2 parts, 5 added to the candle high, and 5 pips subtracted from candle low, creating a phantom candle. see chart (red rectangle is the phantom candle replacing the actual trigger candle). Just an opinion. {image}
My indicator that I posted has this built in, its called offset take a look back to page 2 you should try it out makes life easier lol
  • #71
  • Feb 22, 2016 11:06pm Feb 22, 2016 11:06pm
Quoting abokwaik
{quote} The first EA version posted was actually trailing by last candle. This one trails by last 2 candles as per Xaron rules. {file} The EA can run on any time frame, just make sure you set the start time correctly. All trades/pending orders will get closed at the close hour/minute
Hey Abokwaik, How do you use this EA? can you help me out with the settings and where do i put the file to? Thanks a milliion!
  • #72
  • Feb 23, 2016 12:23am Feb 23, 2016 12:23am
Early Bird : Version 2

Added Options :

Attached Image


Test on Yesterday's EUR/USD trade.

Attached Image (click to enlarge)
Click to Enlarge Name: eb5_sample.PNG Size: 45 KB


Attached File(s)
File Type: ex4 Early_Bird_02.ex4   21 KB | 418 downloads
No guts, no glory
  • #73
  • Feb 23, 2016 12:30am Feb 23, 2016 12:30am
Quoting abokwaik
Early Bird : Version 2 Added Options : {image} Test on Yesterday's EUR/USD trade. {image} {file}

Bravo Abokwaik ,
I canīt wait to try it !
Thank you for sharing your talent and your work, never change !
Cherss!
  • #74
  • Feb 23, 2016 12:32am Feb 23, 2016 12:32am
Quoting Snyper
{quote} Hey Abokwaik, How do you use this EA? can you help me out with the settings and where do i put the file to? Thanks a milliion!
All details available in the thread.

The files goes into Experts folder.

Attached Image
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  • #75
  • Feb 23, 2016 1:03am Feb 23, 2016 1:03am
Back test on EUR/USD 1/1/2016 till today

without additional options:
Attached Image (click to enlarge)
Click to Enlarge Name: eb_test_0.PNG Size: 35 KB


with additional options - settings 1
Attached Image (click to enlarge)
Click to Enlarge Name: eb_test_1.PNG Size: 35 KB


with additional options - settings 2
Attached Image (click to enlarge)
Click to Enlarge Name: eb_test_2.PNG Size: 35 KB
No guts, no glory
  • #76
  • Feb 23, 2016 1:16am Feb 23, 2016 1:16am
Id start from maybe jan 18th due to new year and the market changing
  • #77
  • Feb 23, 2016 1:18am Feb 23, 2016 1:18am
Interesting and thanks for the results, abokwaik.

Just some questions:
Min Candle Size 300 means that the minimum distance between low and high will be 30 pips, right?
What does min_trailing_pips mean and that step size? How do you trail the stop?
  • #78
  • Feb 23, 2016 1:25am Feb 23, 2016 1:25am
Quoting Xaron
Min Candle Size 300 means that the minimum distance between low and high will be 30 pips, right?
Yes.

1. The EA will check the size of the Trigger Candle, is its size (high-low) is greater than "Min Candle Size" it will use the Actual Trigger Candle.
2. If the Trigger Candle Size is less than "Min Candle Size", it will use a Phantom Candle of size equal to "Min Candle Size" around the actual trigger candle, and all trading will be based on the Phantom Candle.

For 4-digit brokers 30 means 30 pips.
For 5-digit brokers 300 means 30 pips.
No guts, no glory
  • #79
  • Feb 23, 2016 1:30am Feb 23, 2016 1:30am
Quoting Xaron
What does min_trailing_pips mean and that step size? How do you trail the stop?
The EA will by default tail by the high/low of the last 2 candles.
If the distance (trailing stop) is less than "Min Trailing Stop" it will use "Min Trailing Stop" instead.

Trailing Step is used to minimize order modification requests sent to the broker's server.
If you set it to 10 points (1 pip), it will send 1 order modify request when price moves 10 points in your favor.
If not set (set to 0), the EA will send 10 order modify requests.
No guts, no glory
  • #80
  • Feb 23, 2016 1:37am Feb 23, 2016 1:37am
Thanks, that min trailing stop makes much sense indeed! To avoid stopped out due to noise. Great!
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