My week #1 GBPUSD test results are in. The star of the week was the 15 Minute chart using my original settings with 151 pips profit.
Results by Magic Number:
5 ---- 5 Minute / SS Filter: 15 Min. 20 Periods ---- Minus 42 pips
6 ---- 5 Minute / SS Filter: 1 Hour 6 Periods ---- Minus 68 pips
15 ---- 15 Minute / SS Filter: 1 Hour 20 periods ---- + 151 pips
16 ---- 15 Minute / SS Filter: 4 Hour 6 periods ---- Minus 19 pips
30 ---- 30 Minute / SS Filter: 1 Hour 20 Periods ---- + 62 pips
31 ---- 30 Minute / SS Filter 4 Hour 6 Periods ---- + 33 pips
60 ---- 1 Hr / SS Filter : 4 Hour 20 Periods ---- Minus 21 pips
61 ---- 1 Hr / SS Filter: 1 Day 6 Periods ---- Minus 13 pips
240 ---- 4 Hr / SS Filter: Daily 20 Periods ---- Minus 13 pips
241 ---- 4 Hr / SS Filter: Weekly 5 Periods ---- - No trades
Side Notes: I was trying to take every trade:
TakeEverySignal=true
max trades = 5
Distance between signals=0
use ATR to Calculate Min Distance=false
Min. Minutes between trades=0
Closing trades on first opposite FB signal with no SL, regardless of Super Slope color.
What I found is that a lot of trades weren't taken, especially on the 5 Min. charts. The 5 Min. charts would have recovered a lot of lost pips at the end of the week if the trades had been taken.
The number of the things I could have done wrong in the setup are pretty much unlimited, but I noticed I had MaxSlippagePips set to 2400, so for next week I'm going to lower that to 300 to see if it makes a difference.
Side Notes: I've done a lot of manual testing of this strategy with GBPUSD, where you go back and look at every old chart and pretend that the signals that showed up would have all really popped up exactly in the same place and you would have been able to take every trade perfectly. While it doesn't give real results, it does show patterns and give you ideas. For example, you pop this strategy back onto a 4 hour chart from 2010, and you have a tidy profit of over 4,000 pips for the year.
I could retire on that reliability.Fast forward to 2016, and after a tidy profit of over 500 pips in January, you have three consecutive losing months to the tune of about 2400 pips. If you started trading during those three months (which coincidentally were the months leading up to the Brexit vote), would you have thrown out the strategy? Incredibly, even with those horrific 3 months, my pretend account still would have been up 3,000 pips by the end of the year.
During those same three months the 4 hour chart was losing its shirt, the 1 hour chart was showing a small profit, so the idea of trading different time frames on the same pair as a way to even out some of the risk holds promise.
I think the EA has tremendous promise, so thanks again to Steve, Thomas, TJF, Leon for his trading smarts, and everyone else who has helped on this.
. Since we have the trading timeframe set at 1 minute we are sending all our troops into battle at the same time when the superslope changes in the opposite direction. And usually when the daily superslope changes it could be accompanied by a pullback which could amount to a substantial amount of pips on the longer time frame before we go back into the trend. It is for this reason that I changed the superslope to a smaller time frame so that we can catch and scalp any reversals as and when they occur. And if the entry is wrong we will be closed out for a smaller loss.
