alvin wrote:I'm testing 10.2 out, and I'm curious to know what kind of SL and TP you guys are using? Is it a fixed number? Or something else?
Please read the docs. And then read the threads here... but for a short answer....TP is mostly the next pivot line in direction of the move. nb uses big SL because he is trading with small lots... altenative SL could be latest swing High/Low.
Everyone has his own preferences...
alvin wrote:Yep, I did read the docs, but I was actually curious about whether people here are sticking to the default OOTB settings, or adopting something else.
Part of the reason is how long it takes to test out an EA/settings on demo (or is there a faster way to test an EA?)
Since the NB 10.2 Strategy is out for a little over a month now it would be wise to demo it first. Also it is still a test version and NB is refining his Strategy as you could see wit the latest release of 10.2A last weekend, where he changed some of the indicators he used.
Most of the people here also demo the EA's. A few are trading this strategy manually on life accounts.
I did a visual back testing of 10.2 method esp for June 1st week. Can someone create EA with these rules please:
1) Look at D1 slope - If > 0.4 buy only for the pair and > -0.4 sell on for the pair
2) On H4 candle closes above / below WP or S/R level we enter - But over 50% of the candle body should cross the pivot or S/R level
3) If there is no WP cross then look for any of the following:
a) S/R rejection / support - the candle touches S/R line and closes below it and candle is Red and not Blue (close < open)
b) SRF - if sell is the trigger for the pair then candle passes over 50% of the previous candle and both are above WP but below R1 same for buy trigger i.e. below WP but above S1.
c) Break of the open for the week - so you will see orange or blue on WOH 1x1 indi - say it opened with blue on indi and then after 2 bars it turned orange. We will enter short on close of that candle (it will also be crossing on the MA lines on Bob's earlier template).
TP: volatility pairs 1-3 next WP or S/R levels and WP for SRF trades
and for volatility pairs 4-5 S2/R2 level or WP for SRF
SL: high or low of the entry bar + 20 pips but if candle shows the break was false i.e. closes back above / below WP or S/R levels then close trade.
Please share your views please. So if I had done trading using the above rules (most of us got stuck into how to trade last week) I would have got 890 pips Wow!!!
Most of those were AUD and NZD based as those were the currencies strengthening.
All people who have this trouble have historical data problem. Open each pair and check all TF with HOME/END keys
Also be sure to delete all object of your charts to avoid mismatch with old lines (CTRL A)[/quote]
I wonder if a 'minimum bars' counter could be inserted to throw up an error message alert "not enough Bars in History'
I had multiple entries of one pair until I read your message re not enough history and as soon as I increased the number of bars, the error seemed to disappear.
//----------------------- CHECK CHART NEED MORE THAN 100 BARS
if(Bars<200)
{
Print("bars less than 200");
return(0);
}
I am not sure how many bars are needed to satisfy requirements.
I am trying to simulate an EA based on NB 10.2 rules on Empty4 ... The weekly Open (2X1) give me wrong numbers ??? has anybody got this problem ????
Thanks in advance
I am trying to simulate an EA based on NB 10.2 rules on Empty4 ... The weekly Open (2X1) give me wrong numbers ??? has anybody got this problem ????
Thanks in advance
If you are not with GMT broker and with some GMT+2 or +3 broker than you need Gary's update to WOH indi.
I have attached it both 1x1 and 2x1
You do not have the required permissions to view the files attached to this post.
