Strategy: Inside Bar + ATR - help needed

Hi Tenax!
Thank you for your examples - I'll try to figure out how to feed these data to my ANNs can identify such cases.

Alot of quantatative (hope i'm spelling that right) analysis has already been done, not only in the professional world but also just here on this forum. Most of it is based on 1 or maybe 2 pairs and only a couple of weeks for obvious lazy reasons. But some is way better, although almost nothing is clearly documented. I would suggest you seek out the better analysis already done, it points you in the right direction much faster and makes sure you can skip 90% of useless parameter analysis. Making Inside bar trading profitable is not that hard so just find a simple edge, extract it with discipline and your golden, there's litetally nothing else you need to achieve all your fx goals.

People with good analysis for what they claim are mainly Peter crowns and some other small high quality analysis is scattered around the DIBS fora, which you replied to so it shouldn't be to hard to find. I would really suggest you keep it simple, overcomplicating is the most surefire way to design a system that doesn't stand the test of time. Simplicity and basing sl and tp levels on PA concepts will keep it up to date for all eternity.

Super bonus tip: don't even read any friggin word of any poster that doesn't instantly qualifies him or herself as high quality, or that seems lazy, which would easily reduce 90-99% of all posters in this forum, makes your life much easier

Focus on the few not the many

Kind regards,
Nevie2

Hi nevie2

Maybe I was looking in wrong place but I still didn't manage to find any credible info on the IB trading All I found was just a regular stuff - i.e. "this is inside bar trade it on break out etc" - I've personally made at least 10 EAs for different variations of this strategy - the ones I've found on this and another forums. And thet all usually work on some limited period of time. After that - just plain blow.

Quick example:
data by member zinc6, now all you really need is to work out how the crappy trades look and how the good trades look. I can highly suggest doing that by actually going through them so you recognize patterns instead of trying to find some mechanical way, because yes, that will only stay viable for a short period of time. basically only trade the first 8 hours but not the very first, trade less on low news/volatility days and vice versa and if you want yes maybe only take small IB's but i'd say just see if it statistically relevant, if not try something else, if it is then stick with it.
link to zinc6's post: http://www.forexfactory.com/showthre...44#post2025644

Pair__ ____#T __1:1__ 1:2_ 1:3_ 1:4 _1:5__1:10__ _%1:1
EUR/USD - 137 - 66 - 41 - 29 - 25 - 23 - 17 ------48.1%
GBP/USD - 125 - 72 - 52 - 43 - 32 - 26 - 12 ------57.6%
USD/JPY - 139 - 61 - 37 - 27 - 23 - 19 - 7 --------43.8%
USD/CHF - 138 - 57 - 35 - 27 - 23 - 21 - 14 ------41.3%
total - 539 - 256 - 165 - 126 - 103 - 89 - 50

I can't find some of the other data but someone else researched how much better dibs entries were then random entries: the number was something like 2.7 times, that should be enough.

also could you please elaborate on what "some limited period of time" is and how they blow exactly, really interested in that

Kind regards,
Nevie2

Hi Nevie2

First of all - thank you the sample - I'll definitely check it.

Regarding "some limited period of time" and "blow it all away". What I'm doing in order to test the strategy is actually implementing it in form of EA and running on 5-7 years period. And to be perfectly honest I have never seen the strategy which works more or less stable on all that period. Usually there can be several months of even one year of profits - it could be in the beginning, in the middle or at the end of the period (usually at the end as people only testing their strategies on the latest couple of months - one year at best). But it's enough for market to change slightly - and the strategy blows the account.

That's why I'm saying in one of my previous posts: yes, IB is definitely worth our attention. But its just a basis - the question is how to make it adoptable to the changing market conditions.

BTW nevie2

Regarding the thread you've posted - I've made the analysis of that strategy some time ago - here is my post with results - http://www.forexfactory.com/showthre...20#post8766920. The EA is also there so everyone can perform the same checks. As you can see the success of the strategy depends heavily on its parameters - we cannot just blindly follow the initial steps described in that thread. We can even see that for the period 2012/1/1 - 2013/1/1 there is no even a combination of parameters which wouldn't result in losses.

I think the problem lies in trying to mechanically trade changing times. I mean you basically say the same thing, yet you don't do it. If you trade a system manually and you see changes happening before your eyes you can adapt to them. Also adding more parameters is the opposite of what you're trying to achieve. This will only clutter result and this is known (i'm pretty sure im not telling you anything new here either) to end up with an EA that only performs for such highly specific conditions that it will blow within a short time.

There are people making millions over the years, yet you still haven't seen a system that performs stable over those years in the way you analyze right now.....that should provide alot of information.

more of the same usually just gives you more of the same.
insanity is doing the same thing over and over again expecting different results.

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