Any problems with EA?
Is everything working as it should be?
Is everything working as it should be?
Simplicity is the ultimate form of sophistication ( Elite ) 866 replies
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DislikedI've made a backtest. If pending orders are triggered before London open, probability to hit your take profit increases, if triggered after London open, probability to hit your stop loss increases. So, I'm deciding to add PendingOrdersLifeSpan = 1 (unit is bars) setting in next version.Ignored
Disliked{quote} Hey, Good for you! Since you spread EA around here may be you can present the reports. What is the probability of this strategy and/or EA in your tests? This is the way to determine a what is the true edge of any given strategy, not only this one, but in general. This thread called "Simplicity..." should be simple: 1. we have strategy, 2. there is EA, 3. there are some results in percentage which one can base it's decision on. Anything above 60% is a success. Best!Ignored
Disliked{quote} Hey, Good for you! Since you spread EA around here may be you can present the reports. What is the probability of this strategy and/or EA in your tests? This is the way to determine a what is the true edge of any given strategy, not only this one, but in general. This thread called "Simplicity..." should be simple: 1. we have strategy, 2. there is EA, 3. there are some results in percentage which one can base it's decision on. Anything above 60% is a success. Best!Ignored
Disliked{quote} Speaking for the original strategy written @ post #1 by Zen, Zen says, if first order result is a loss, then open a second order with tripple lot size, But Ea only opens one trade per day. If stop loss hits, second order won't be opened. I did not put this second trade rule into ea, because in my opinion, losses should not be chased. And backtests prove my opinion. Original strategy says, place pending orders @Berlin open (1 hour before London open) and wait price to trigger one of your buy/sell stop orders. But backtests show that, if pending...Ignored
Disliked{quote} Speaking for the original strategy written @ post #1 by Zen, Zen says, if first order result is a loss, then open a second order with tripple lot size, But Ea only opens one trade per day. If stop loss hits, second order won't be opened. I did not put this second trade rule into ea, because in my opinion, losses should not be chased. And backtests prove my opinion. Original strategy says, place pending orders @Berlin open (1 hour before London open) and wait for the price to trigger one of your buy/sell stop orders. But backtests show that,...Ignored
DislikedOf my quick analysis of 104 trades trading this method: Losers 40 Winners 60 Of the losing trades 24, (60%) lost outside of the 1st hour (so after 0800 London time) Of the winning trades 36 (60%), also won after the first hour (so after 0800) So inconclusive cancelling trades after the first hour. Fewer would lose, but then fewer would win either. Net profit (loss) trading EurJpy - h1 and m30 at 0700 and 1600 respectively = +4% Net profit (loss) trading EurUsd h1 and m30 at 0700 and 1600 respectively = +0.32% EurUsd trades that activated PM - 22...Ignored
Disliked{quote} Number of losses : 40 Number of wins : 60 Now some maths 40 x15 (Sl) = 600 pips loss 60 x 10(Tp) = 600 pips gain Net profit/loss = 600 -600 = 0 Your results are parallel with my backtest results.Ignored
Disliked{quote} Indeed. Same hymn sheet and all that. Now we have to work out how to refine by using past results. It might be that we have to accept a 10pip SL instead of 15? Maybe a trailing 10 SL??Ignored
Disliked{quote} Number of losses : 40 Number of wins : 60 Now some maths 40 x15 (Sl) = 600 pips loss 60 x 10(Tp) = 600 pips gain Net profit/loss = 600 -600 = 0 Your results are parallel with my backtest results.Ignored
Disliked{quote} what kind of backtest method did you use? and can you give me.the excel result?maybe i can look at the data and tweek it.. as for now i use 13 pips stop loss and not 15 pips anymore..on the second.trade onlly use 1 lot as well..not triple lot anymore..Ignored
Maybe would could open trades at 2% account balance but open 2 trades - one at 1.5% original rules with 0.5% same entry, same stop but 3xATR target (or trailing SL at 'x' pips) so that any trend trades can be captured.
Backtesting in MT4 is beset with issues. What we need is an AmiBroker coder (or Python) with 1/2 years worth of eurusd tick data to be able to test the variables. I think the system is nearly there - but needs refining to make fully profitable but all within the confines of keeping the strategy as simple as possible!