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TMA_CG: EA to buy at support & sell at resistance
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3372		 Page 2 of 30
Author:  dudest [ Sat Jan 11, 2014 12:25 am ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
harry45 » Fri Jan 10, 2014 10:26 pm wrote:Sounds interesting,looking forward to try.
Good luck.
Glad to hear it harry!

Best of success to us all :)

Cheers
Author:  dudest [ Sat Jan 11, 2014 12:27 am ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
fxozgirl » Sat Jan 11, 2014 12:25 am wrote:Hey Dudest...good luck with your EA, I too would be interested in your results to date and keen to give it a try when you've posted it. :clap:
She of BASA fame (!!)

It is an honour to have you in our midst Shelley :)!

EA & prelim results posted up in Post #1 and #2 respectively

Cheers!
Author:  dudest [ Sat Jan 11, 2014 12:30 am ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
AGT » Sat Jan 11, 2014 1:50 am wrote:Wow :o - operating in the shadows dudest (sitting quiet a long time) has prepared a new serious, powerful weapon !
And obviously he had/has strong colleagues in a strong team ! :clap:

Will try this baby in any case ! :yahoo:
Hey AGT old pal! :)

I am really excited for your presence and involvement, got mad respect for your work!

Here's hoping this one has super strong legs, one more for the portfolio :)

Cheers!
Author:  trader689 [ Sat Jan 11, 2014 12:45 am ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
early results but ...wow. will stick the stacking version on a demo ready for next week, many thanks
dudest » Sat Jan 11, 2014 12:23 am wrote:
trader689 » Fri Jan 10, 2014 8:35 pm wrote:looks very interesting, please keep us posted. can you share any preliminary results using the ea?
Thanks trader689!

Preliminary results in Post #2

Cheers
Author:  bazze [ Sat Jan 11, 2014 1:13 am ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
:clap: :cheer: :clap: :!!:
Author:  SpiderX [ Sat Jan 11, 2014 4:01 am ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
Hi dudest,

Thanks for the nice strategy and the links.
was hesitating to post the below info since it is too early to tell,
however, since you have done 10-11 months of back test, you should be able to check the below information to see how helpful it is.

Based on the fxbook analysis,
You can set an aggressive stoploss of around 12 pips to limit the losers. Reference MAE analysis.
This means that usually your winners should not retrace more than 12 pips, so if anything retraces more than 12 pips...most likely it is a loser.
You might have to validate this from backtest.

The other thing is ...would you be able to check from backtest:
did the system perform consistently poor in GMT hours 1500, 1600, between 2200-0400 ?
was the long trade losers or short trade losers in those hours ?
If so that could be an area of improvement to block out those hours.

The risk: if you narrow down to these criteria as above, you could have issues when market conditions change , then profitability would take a beating.

Going to run a demo of this to see the performance of this.

Cheers
Author:  cuzgeorge [ Sat Jan 11, 2014 10:11 am ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
First pleasant surprise of the new year. Steve is a teacher by trade, and i seriously think he will be happy an will enjoy an extra glass of wine to celebrate your rise to the world of coding. Well done Dudest, Subscribed and setting up demos.
well done again, from all of us, on your great achievement. :clap: :yahoo:
cuz
Author:  fxozgirl [ Sat Jan 11, 2014 10:28 am ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
dudest » Sat Jan 11, 2014 11:27 am wrote:
fxozgirl » Sat Jan 11, 2014 12:25 am wrote:Hey Dudest...good luck with your EA, I too would be interested in your results to date and keen to give it a try when you've posted it. :clap:
She of BASA fame (!!)

It is an honour to have you in our midst Shelley :)!

EA & prelim results posted up in Post #1 and #2 respectively

Cheers!

Thanks Dudest...looking forward to this :D
I'm trying to build a portfolio with 3-4 different strategies.
BASA is one, your system will hopefully be another good candidate, I'm cherry picking manual EDSEL trades & Entropy hopefully will round them out

Good luck to you & all of us :cheer:

Cheers

Shelley
Author:  SteveHopwood [ Sat Jan 11, 2014 11:09 am ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
cuzgeorge » Sat Jan 11, 2014 10:11 am wrote:First pleasant surprise of the new year. Steve is a teacher by trade, and i seriously think he will be happy
He certainly is. Congratulations dudest. :clap:

I am going to post my first weekly round up of 2014 tomorrow night, and will include a link to this thread to try to drum up more interest.

:D
Author:  dudest [ Sat Jan 11, 2014 12:53 pm ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
SpiderX » Sat Jan 11, 2014 7:01 am wrote:Hi dudest,

Thanks for the nice strategy and the links.
was hesitating to post the below info since it is too early to tell,
however, since you have done 10-11 months of back test, you should be able to check the below information to see how helpful it is.

Based on the fxbook analysis,
You can set an aggressive stoploss of around 12 pips to limit the losers. Reference MAE analysis.
This means that usually your winners should not retrace more than 12 pips, so if anything retraces more than 12 pips...most likely it is a loser.
You might have to validate this from backtest.

The other thing is ...would you be able to check from backtest:
did the system perform consistently poor in GMT hours 1500, 1600, between 2200-0400 ?
was the long trade losers or short trade losers in those hours ?
If so that could be an area of improvement to block out those hours.

The risk: if you narrow down to these criteria as above, you could have issues when market conditions change , then profitability would take a beating.

Going to run a demo of this to see the performance of this.

Cheers
Hey SpiderX!

I'm very grateful to have you here and for digging into the MyFXB stats, good on you!

-------------

@MAE:

True dat. Seems an aggressive SL of <= 15pips can cut $ losses by a good chunk.

In backtests ( to verify functionality + debug ), an year like 2012 required a larger stop ( actually, hence the 30pips ). Haven't done the ADR/ATR measurements but 2012 seemed more volatile in terms of daily swing, and provided quite a bit of undulation. 2013 was more of a price-falling-like-a-rock year; price would range a bit then suddenly drop ( relatively fewer undulations ).

But I digress...

Back to MAE: I will def investigate this further. In the meantime, I hope to come across a decent WFA tool; would tell us now what an optimal SL would be. [ @WFA tool: have tried the open-source one by DarwinFX, but it's still quite buggy (e.g crashes, no output), hopefully these will be sorted out soon (feedbacks posted on different forums).

-------------

@Hours of day -vs- winners/loses

I actually checked this up earlier, and found little correlation (across years). In some tests I would kill the Asian session and leave only London and NY, only to find a good number of times Asia provided a good amount of $$. So I just put in the MaxSpread check (to prevent trading during a phenomenal lack of liquidity) and let it trade throughout the day.

-------------

Thanks for your quality feedback!, much appreciated. Look forward to more :)

Cheers!
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