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

  • #81
  • Feb 23, 2016 3:38am Feb 23, 2016 3:38am
Could you check how different position sizing would change the results? I mean atm I have 0.5% per order, maybe it's much better to have the first one with TP with 0.75% and the trailing one with 0.25%?
  • #82
  • Feb 23, 2016 3:44am Feb 23, 2016 3:44am
Quoting Xaron
Could you check how different position sizing would change the results? I mean atm I have 0.5% per order, maybe it's much better to have the first one with TP with 0.75% and the trailing one with 0.25%?
I will.

What about the limit order ? will it be also at @ 0.75% or we leave it at 0.5%.
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  • #83
  • Feb 23, 2016 3:54am Feb 23, 2016 3:54am
Hmm just leave it at 0.5% for now.
  • #84
  • Feb 23, 2016 4:19am Feb 23, 2016 4:19am
Quoting abokwaik
{quote} 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.
Another question about this one for clarification. What is the distance (trailing stop)? The distance to the current price or the distance to the current low (in terms of a short position)?

Edit: Nevermind, the latter I guess. Does make sense.
  • #85
  • Feb 23, 2016 4:27am Feb 23, 2016 4:27am
Quoting abokwaik
{quote} I will. What about the limit order ? will it be also at @ 0.75% or we leave it at 0.5%.
Isn't the risk for the limit order set to 0.25% right now?
  • #86
  • Feb 23, 2016 4:39am Feb 23, 2016 4:39am
Quoting abokwaik
{quote} I will. What about the limit order ? will it be also at @ 0.75% or we leave it at 0.5%.
Khalil, I believe the trailing stops in backtesting gives artificially good results, when compared to live testing. For backtesting it is much better to use structural trailing stops, like lowest of last X candles, or fractals etc. That gives much more realistic results.
Just my 2 cents...
  • #87
  • Feb 23, 2016 4:42am Feb 23, 2016 4:42am
I made it completely flexible, where you can set risk% for each of the 3 orders.

This is a test on EUR/USD comparable to the 3rd test on post # 75
Attached Image (click to enlarge)
Click to Enlarge Name: eb_test_3.PNG Size: 79 KB


Kindly use this version for testing as previous one had few bugs in stop trailing (when stop was very close to bid/ask price).
Attached File(s)
File Type: ex4 Early_Bird_02.1.ex4   23 KB | 689 downloads
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  • #88
  • Feb 23, 2016 4:46am Feb 23, 2016 4:46am
Quoting Go5
{quote} Isn't the risk for the limit order set to 0.25% right now?
Yes.

Actually the Limit order shares Lot Size, SL price, TP price with the 1st Order. However since it's open price is 50% better than the 1st order, the reward to risk ratio for it is double than the 1st order.
No guts, no glory
  • #89
  • Feb 23, 2016 4:48am Feb 23, 2016 4:48am
Quoting GoldTheHun
{quote} Khalil, I believe the trailing stops in backtesting gives artificially good results, when compared to live testing. For backtesting it is much better to use structural trailing stops, like lowest of last X candles, or fractals etc. That gives much more realistic results. Just my 2 cents...
Both options are available now, however using last candles trailing is fixed to the last 2 candles high/low.

In next version I'll make an input where user can input x number of candles to trail the stop.
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  • #90
  • Feb 23, 2016 4:49am Feb 23, 2016 4:49am
Hi,

Thanks for this method. This morning I got some whipsaw but I was setting trades manually in a haste before rushing to work so my fault

Abokwaik, can you add an option to set the lot size manually, please? What happens if my account can't sustain a 0.5% trade? Will the EA open a trade using the minimum lot size my broker demands (my broker changed it recently, that's why I'm not sure about the actual percent calculation anymore)?


Thanks.
  • #91
  • Feb 23, 2016 5:08am Feb 23, 2016 5:08am
Quoting Reamasesa
Hi, Thanks for this method. This morning I got some whipsaw but I was setting trades manually in a haste before rushing to work so my fault Abokwaik, can you add an option to set the lot size manually, please? What happens if my account can't sustain a 0.5% trade? Will the EA open a trade using the minimum lot size my broker demands (my broker changed it recently, that's why I'm not sure about the actual percent calculation anymore)? Thanks.
You can control the lot size using the risk %. 0.5% is already small = 0.005 of account balance, but if you like you can even use a smaller % (e.g. 0.1%).

AND Yes, if the calculated lot size is less than minimum lot allowed by the broker, the EA will use the minimum lot instead.
Same goes for Max Lot.
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  • #92
  • Feb 23, 2016 5:44am Feb 23, 2016 5:44am
Hi Abotwaik,

What about to add a field for pips above/below entry/exit? Something like M0ndm4nn18 is writing.
With this field we can deal with spreads, etc.

Regards
  • #93
  • Feb 23, 2016 6:03am Feb 23, 2016 6:03am
Quoting crkjl
Hi Abotwaik, What about to add a field for pips above/below entry/exit? Something like M0ndm4nn18 is writing. With this field we can deal with spreads, etc. Regards
Already handled by the EA.

Buy Stop Order @ candle high + 2*spread.
Sell Stop Order @ candle low - 1*spread.

In addition of course to your control over the trigger candle by the phantom candle.

P.S: I have no idea on what's M0ndm4nn18 is writing.
No guts, no glory
  • #94
  • Feb 23, 2016 6:21am Feb 23, 2016 6:21am
Quoting abokwaik
{quote} Already handled by the EA. Buy Stop Order @ candle high + 2*spread. Sell Stop Order @ candle low - 1*spread. In addition of course to your control over the trigger candle by the phantom candle. P.S: I have no idea on what's M0ndm4nn18 is writing.
jajaja... don't worry. M0ndm4nn18 is in post #68.
Thanks a lot for you support!!!!
  • #95
  • Feb 23, 2016 6:28am Feb 23, 2016 6:28am
Quoting crkjl
{quote} jajaja... don't worry. M0ndm4nn18 is in post #68. Thanks a lot for you support!!!!
Oh, yeh. I missed that post.
No guts, no glory
  • #96
  • Feb 23, 2016 7:31am Feb 23, 2016 7:31am
Quoting abokwaik
{quote} Already handled by the EA. Buy Stop Order @ candle high + 2*spread. Sell Stop Order @ candle low - 1*spread. In addition of course to your control over the trigger candle by the phantom candle. P.S: I have no idea on what's M0ndm4nn18 is writing.
++++++++++++++++++++++++++++++++

Running the risk of sounding like I'm just blowing smoke (frivolous compliments) what's going on underneath the hood (of your EA) is absolutely brilliant. This not only performs all functions specific to Xaron's guidance, but makes operation of the EA dead simple. Kudos to you both.
  • #97
  • Feb 23, 2016 7:49am Feb 23, 2016 7:49am
Quoting abokwaik
{quote} All details available in the thread. The files goes into Experts folder. {image}
Thanks abokwik. Can i change the risk size to 0.05 or 5% risk?

thanks!
  • #98
  • Feb 23, 2016 7:55am Feb 23, 2016 7:55am
Quoting abokwaik
{quote} Already handled by the EA. Buy Stop Order @ candle high + 2*spread. Sell Stop Order @ candle low - 1*spread. In addition of course to your control over the trigger candle by the phantom candle. P.S: I have no idea on what's M0ndm4nn18 is writing.
+2*spread and
- 1*spread

i think, many brokers have less than 1 pip, it won't work though most of the times, the distance should be higher in my opinion and like the backtest showed.
"If it wasn't hard everyone would do it. Its the hard that makes it great."
  • #99
  • Feb 23, 2016 8:25am Feb 23, 2016 8:25am
Quoting M0ndm4nn18
{quote} +2*spread and - 1*spread i think, many brokers have less than 1 pip, it won't work though most of the times, the distance should be higher in my opinion and like the backtest showed.
No problem. I will add an input for pip shift.
No guts, no glory
  • #100
  • Feb 23, 2016 8:27am Feb 23, 2016 8:27am
Quoting Snyper
{quote} Thanks abokwik. Can i change the risk size to 0.05 or 5% risk? thanks!
Its up to you. for a 5% you enter 5 in risk percentage.
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