Hi guys, i've written EA based on original Mehdi343 rules but can not get profitable backtesting results yet. I'm testing this strategy from 2014.01.01 till now on H4 and D1 TF on all 28 currency pairs by Method#1 & Method#2 using crossing and/or rebounds using good quality M1 history base by DukasCopy. Maybe Mehdi or somebody else show me where is EA entering or exiting wrong. Please try at first default EA settings. Switch MT4 tester to visual testing mode and pay attention that indicators are repainting that is why entries/exits on history may not match what you see when the crossing/rebound just appear in visual mode or live trading. I have not found any winning settings yet.
Some parameters which needs comments: Angle Steepness for Entry/Exit is measured as RSI (Green TDI Line) value difference on [1] and [2] bars i.e. on just closed ([1]) and previous ([2]) bar. Min last Bar Body for Entry/Exit is measured in ATR multiplied on this coefficient. Maximum distence from Green to Red for Rebound is measured in RSI values as Angle Steepness on just closed Bar.
Below is the picture to show how the angle is measured, backtest, EA and indicators.
Vertical Red lines on the first chart shows when the signal appear and on the opening the next bar the deal is opened.
Please kindly report any EA errors or winning sets/pairs found.
Hi guys, i've written EA based on original Mehdi343 rules but can not get profitable backtesting results yet. I'm testing this strategy from 2014.01.01 till now on H4 and D1 TF on all 28 currency pairs by Method#1 & Method#2 using crossing and/or rebounds using good quality M1 history base by DukasCopy. Maybe Mehdi or somebody else show me where is EA entering or exiting wrong. Please try at first default EA settings. Switch MT4 tester to visual testing mode and pay attention that indicators are repainting that is why entries/exits on history may...
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In both above cases TDI cross is far way from yellow line, in my opinion we should avoid such trades, rest Mehdi can better comment on it.
Hi guys, i've written EA based on original Mehdi343 rules but can not get profitable backtesting results yet. I'm testing this strategy from 2014.01.01 till now on H4 and D1 TF on all 28 currency pairs by Method#1 & Method#2 using crossing and/or rebounds using good quality M1 history base by DukasCopy. Maybe Mehdi or somebody else show me where is EA entering or exiting wrong. Please try at first default EA settings. Switch MT4 tester to visual testing mode and pay attention that indicators are repainting that is why entries/exits on history may...
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I use a min. slope distance of 4, another BT on GU w/ TP 20, SL 60
{quote} I use a min. slope distance of 4, another BT on GU w/ TP 20, SL 6 {image} {file}
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Thanks for sharing your excellent results.
Are there good BT results for H4 & D1 too?
If i'm not mistaken your EA is far from original Mehdi343 rules.
1. You are testing it on H1 but according to Mehdi rules it should be used on H4 & D1.
2. You are using fixed SL=60 pips instead of placing it on Hi/Low of previuos candle.
3. You are using MaxBodySize.
4. You are using DailyOpen filter.
5. You are using Max Stoch Level for Buy/Sell.
6. You are using Max RSI Level for Buy/Sell.
7. You are using News Filter.
8. You do not use BreakEven 5 pips having 25 pips profit.
9. You do not use close deal by signal (reverse cross & steep slope & stoch decrease).
My purpose was to test ORIGINAL Mehdi system as close as possible with EA.
{quote} I respect your opinion but i have never seen this rule mentioned by Mehdi343. Please point me where you've read it.
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No this is not the rule of this system, its my personal observation nothing else, In my opinion one must take his/her experience into account before taking the trade rather than just following the rules, sometimes signal appears at big support or resistance, we should avoid trading there.
{quote} Thanks for sharing your excellent results. If i'm not mistaken your EA is far from original Mehdi343 rules. 1. You are testing it on H1 but according to Mehdi rules it should be used on H4 & D1. 2. You are using fixed SL=60 pips instead of placing it on Hi/Low of previuos candle. 3. You are using MaxBodySize. 4. You are using DailyOpen filter. 5. You are using Max Stoch Level for Buy/Sell. 6. You are using Max RSI Level for Buy/Sell. 7. You are using News Filter. 8. You do not use BreakEven 5 pips having 25 pips profit. 9. You do not use...
The Newsfilter does not work while backtesting
also in real trading You should use daily open and max. levels for the 50, 20, and 80 levels
RSI level is the standard setting from TDI
Hi guys, i've written EA based on original Mehdi343 rules but can not get profitable backtesting results yet. I'm testing this strategy from 2014.01.01 till now on H4 and D1 TF on all 28 currency pairs by Method#1 & Method#2 using crossing and/or rebounds using good quality M1 history base by DukasCopy. Maybe Mehdi or somebody else show me where is EA entering or exiting wrong. Please try at first default EA settings. Switch MT4 tester to visual testing mode and pay attention that indicators are repainting that is why entries/exits on history may...
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Automation is an extremely difficult beast, because most programming is not complex enough to filter out obvious bad trades. For example, all the rules are met for a long but there is an obvious resistance point immediately ahead. Another example would be where it had a huge move one day, which is often met by consolidation or pullback. Automation won't rule these things out. Mehdi has mentioned himself he prefers to trade it manually and take only the best setups based on the rules plus his own subjectivity of the price action.
{quote} No this is not the rule of this system, its my personal observation nothing else, In my opinion one must take his/her experience into account before taking the trade rather than just following the rules, sometimes signal appears at big support or resistance, we should avoid trading there.
{quote} Automation is an extremely difficult beast, because most programming is not complex enough to filter out obvious bad trades. For example, all the rules are met for a long but there is an obvious resistance point immediately ahead. Another example would be where it had a huge move one day, which is often met by consolidation or pullback. Automation won't rule these things out. Mehdi has mentioned himself he prefers to trade it manually and take only the best setups based on the rules plus his own subjectivity of the price action.
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Absolutely agree.
80% RR winning strategy becomes losing when trading by EA.
There are a lot of traders here who try to customise/modify Mehdi's strategy. IMHO it is better to study the rules of the system and stick with them. {quote} {image}
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Its up to you bro, strategy is same its not modified.
Thats why I said, Mehdi would better comment over it.
Hello guys,
Do you think this is a valid trade setup on NZD/USD.
The trade was executed 4 hours ago at the of the candle, which is marked with the red line.
Tdi cross had a good angle and was over the yellow line. We are under the the Ema 200 but there ist still space to move.
However, I noticed, that the Price Action failed to create a new low, which could be a sign of a reversal. You can see the divergence on the chart.
Stoch is at the 50 line.
Do you think this is a good setup, according to the rules?
Also, is somebody selling on GBP/USD Daily chart?
Lower risk, stress free TDI system
