phil_trade wrote:Could you confirm one thing : Do you delete Pending Sell when First Pending Buy is converted to BUY and vice versa ?

Philippe

garyfritz wrote:I'm still experimenting with this, but it looks good!

I made some minor changes to the rules:

* Instead of using a fixed 10-pip (or whatever) Buffer, I used a percentage of the bar's H-L range. That lets it adapt to changes in volatility. (I'm also experimenting with using ATR instead of a single bar's range.)

* When market hits TP1, move SL to entry +/- Buffer (so it takes a Buffer of profit instead of just BE).

* I leave the Sell order open when the Buy is hit, and vice-versa. So I can buy once and sell once per week.

* I'm currently just exiting at TP3 or the SL.

So there are probably improvements to be made. With that simple definition, here are all the JPY pairs going back to 2007:

WeekBO.gif

The heavy red line is the average of all 7 pairs. Here's the same in a table summary:

WeekBOtable.gif

So it's averaged over $1000 per pair, per year, for 6 of the last 7 years. 2010 was a loser. If you traded 0.1 lot for each pair, you'd have made nearly $10k per year for the last 3 years, $56k total in the last 7.

That ain't half bad.

phil_trade wrote:Hi Gary and Michal

After some bug correction and rules adaptation, I confirm for XAUUSD from 01/2009 to 09/2013 :

1 - Better result if you keep Pending Sell when Pending Buy is hit and vice versa

2 - I have introduce a TP Multiplier that put TP1 at ZoneBox( High - Low) * Multiplier ( same for TP2 and TP3 ) cause with basics rules, TP gains are not enough to cover SL losses.

With TP Multiplier = 2 for example, Lot = 0.10 : Profit = +19.7 K$ with Profit Factor 1.30 which is not enough. There is still too much losses !
Profit = +84.8 K$
Loss = -65.1 K$

Not bad, but needed some improvement

edit : I have set a parameter "Hour of London Session", and I have different result for Gold and EURJPY
Gold = 8
EURJPY = 7

cheers

Philippe

michalkraus wrote:

phil_trade wrote:Hi Gary and Michal

After some bug correction and rules adaptation, I confirm for XAUUSD from 01/2009 to 09/2013 :

1 - Better result if you keep Pending Sell when Pending Buy is hit and vice versa

2 - I have introduce a TP Multiplier that put TP1 at ZoneBox( High - Low) * Multiplier ( same for TP2 and TP3 ) cause with basics rules, TP gains are not enough to cover SL losses.

With TP Multiplier = 2 for example, Lot = 0.10 : Profit = +19.7 K$ with Profit Factor 1.30 which is not enough. There is still too much losses !
Profit = +84.8 K$
Loss = -65.1 K$

Not bad, but needed some improvement

edit : I have set a parameter "Hour of London Session", and I have different result for Gold and EURJPY
Gold = 8
EURJPY = 7

cheers

Philippe

Thanks again, I cant even say how thankful I am. I believe that with some improvements, we can make this simple strategy working with solid results.

I have one idea : what if we set some size of range that is too much for setting the trade. For example lets say that zone must have range at most 200 pips, when it is bigger, we wont trade it. I am not saying 200 pips is that correct number it will probably vary, but might work as a good filter....

Thanks Phil

michalkraus wrote:Good morning guys, I have a question : Do you guys use Forextester for tick test? If so, what does FT allow, I mean can you create a strategy in it or you can only upload an EA in MQL and test?

Thx

Anyways Gary and Phil have you run any tests?
SO far this week, my USD/JPY hit TP3 (buy), Gold hit TPs1 for buy and sell, GBP/JPY hit SL for buy and TP1 for sell (almost TP2), EUR/JPY 2 SLs

phil_trade wrote:

michalkraus wrote:Good morning guys, I have a question : Do you guys use Forextester for tick test? If so, what does FT allow, I mean can you create a strategy in it or you can only upload an EA in MQL and test?

Thx

Anyways Gary and Phil have you run any tests?
SO far this week, my USD/JPY hit TP3 (buy), Gold hit TPs1 for buy and sell, GBP/JPY hit SL for buy and TP1 for sell (almost TP2), EUR/JPY 2 SLs

Hi Michal

1 - With FT, you have to write your strategy in Delphi or C#. Best improvement is debugger and multi-pairs back testing. When your strategy is profitable, you have to re write it in MQL, or as me, in Windev with an Empty4 API to drive multiple instance of Empty4. Other interesting feature is the possibility to re run your Empty4 trades (just export report statement) and refine your SL/TP while past trades are running ! Good for manual traders !

2 - I still refine the strategy, but quite good results even with €/$ ! The code is so simple that it will be easy to translate it in MQL. I hope I can test in LIVE on a micro account with a special Windev version next week.

cheers

Philippe