RockyJ wrote:Hey spyderman,

Yeah, as you are on a 5 digit criminal the 5000 pip TP would be 500 pips, and that is right .
That is just a last ditch close sort of thing.. fxozgirl uses the jumping stop at 50 / 100 and then if the last 3rd reached 500 it would close out the trade.. if not the last 3rd would be taken out on a re trace where ever the jumping stop has made it to... or I believe she also exits on a re cross of the sto..
So the 500 pip TP is really just a initial set up thing and you get to decide how you want to manage the trade in between.... If you do...

RockyJ wrote:Profit = 70 pips, lot = 0.3.

Therefore, price has moved 70 pips divided by 3 = 23 pips.

Jump stop will be triggered when price has moved 50 pips.


Cheers.

garyfritz wrote:I threw together a Tradestation system to test Shelley's strategy, or something close to it.

I wanted to act on the close of the daily bar only, so it's easy to do visual backtesting. It even works almost as well if you only adjust stops (jumping, breakeven) at the end of the bar. Other than that I think I've implemented the same rules as Shelley's original strategy:

* Open 3 units, default to 200 pip SL
* Take off 1 unit at +50 pips and move stop to +2
* Take off 2nd unit at +100 pips
* Let 3rd unit ride with 50pip jumping stop: move stop to +50 when you hit +100, move stop to +100 when you hit +150, etc. (Right?)
* Exit if stochastic slowK crosses over/under slowD.

I've backtested it quite a bit. I'm finding it works great on some pairs and lousy on others. Different pairs do best with different SL sizes. I haven't played much with varying the TP size.

In general EUR and USD pairs do pretty well; AUD, CAD, and CHF pairs do so-so, GBP and NZD pairs do poorly. I would trade it with the "Good pairs" below, probably using 200 pip SL for all pairs. Trading those 9 pairs with SL=200 would have made 891+2322+2784+2680+857+1599+1631+880+2127 = 15771 pips in 2011. The equity curve is almost ruler-straight, but unfortunately that's cherry-picking the best pairs with hindsight. You'd almost certainly do worse than that trading forward.

BTW I'm not sure yet but I'm not certain the 3-lot model is necessary. It seems to work almost as well exiting the full position at a single TP -- at least almost as well as my simplified end-of-bar model. The 3-lot model might work better if you're doing realtime jumping stops &etc.

Gary


Good pairs:
AUDUSD: very good for SL = 300, OK for 250
CADCHF: very good for SL >= 150
EURAUD: good at any level, awsome at 150-200 or above
EURJPY: good at SL = 100, INCREDIBLE at >= 150
GBPUSD: Bad in 2010, good in 2011 for 200-250
NZDCHF: good in 2011 at 100-150, best at 200-250
NZDJPY: good in 2011 at SL > 100-150
USDCAD: good at any level, best 100-150
USDJPY: Great at SL 150-250

OK pairs:
AUDJPY: SL = 100 OK for last year
EURCAD: OK at SL = 150-200, great at >= 250
EURCHF: Good at 200 but several recent losses hurt it, great at 300
EURGBP: Great for last 6 months at SL >= 150, terrible before
EURNZD: Great until mid-2011 for SL 150-250, lots of losses since
GBPJPY: Great until early/mid 2011, then sideways
USDCHF: Great for SL 100-250 until mid-2011, then down

Not recommended:
AUDCAD: have to use 300 SL, then it's great for the last year
AUDCHF: SL = 50 is good for the past 6 months
AUDNZD: up & down, small SLs OK for the last few months
CHFJPY
EURUSD
GBPAUD: OK at SL=50, bad above
GBPCAD
GBPCHF
GBPNZD
NZDCAD
NZDUSD

SteveHopwood wrote:

fxozgirl wrote:I have attached Gday (semi automatic mode) to the following pairs ready for the new day:

eurusd, usdcad, nzdusd, audusd, eurjpy, audjpy, gbpaud, cadjpy, nzdjpy

I will be interested to see what Gday does at the new candle as both the stoch lines for nzdusd, nzdjpy have already crossed out of ob/os.

Will Gday recognise that the stochs have been in ob/os already and have moved out or will it think the stoch set up is not yet correct for a trade?


I have also set up a 2nd demo, Gday fully automatic on all available charts

Gday is programmed to act on the last tick of the previous candle and the first tick of the new one - assuming George and I (ok, so mostly TIG) have picked up on any bloops.

It the market was already out of ob/os yesterday, then the bot will not take the trade if you are using the version in post 1. If you are using the experimental version and have ChillOutShelley set to true, then it will already have taken the trade. Possibly. There comes a point where it is impossible to code for every possibly eventuality and users have to accept that a robot will do what a robot does, and figure out for themselves what that is.