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swingONE
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=217		 Page 15 of 21
Author:  garyfritz [ Thu Mar 15, 2012 6:39 pm ]
Post subject:  Re: swingONE
I agree. I don't like setting fixed-pip or fixed-$ stops when the EA will get applied to different pairs or different TFs. I almost always use ATR-based stops in my systems.

Update: after 14 hours on H1, the system has closed 25 trades for a loss of $258.49. BUT it also has 18 open trades with a profit of $252. So it is at least breaking even...
Author:  garyfritz [ Thu Mar 15, 2012 8:10 pm ]
Post subject:  Re: swingONE
Khalid, you may have already done some analysis on that report, but... it looks like it ran without SL or TP, and produced a net loss of -101.97 pips. If you'd run a TP between about 18 and 25 pips, you would have shown a profit between 62 and 128 pips. I suspect you could do much better than that with ATR-based stops, since the median run-up varied widely across symbols.

You needed a SL of 35 or bigger to improve on the basic results.
Author:  markft [ Thu Mar 15, 2012 9:29 pm ]
Post subject:  Re: swingONE
Khalaad wrote:
garyfritz wrote:Khalid, you may have already done some analysis on that report, but... it looks like it ran without SL or TP, and produced a net loss of -101.97 pips. If you'd run a TP between about 18 and 25 pips, you would have shown a profit between 62 and 128 pips. I suspect you could do much better than that with ATR-based stops, since the median run-up varied widely across symbols.

You needed a SL of 35 or bigger to improve on the basic results.
Gary,

I am without stops because I want to know the amplidudes of the price swings. 8-)

A quick review tells me an ATR-based BreakEven Stop would have saved about 200 pips. I shall do a detailed analysis tomorrow as it is already 1:23 am.

Khalid
Hi Gary, Khalid,

ATR based SL and TP are already in the EA. Just enable the option and set fixed ones to zero.
Author:  blahn [ Thu Mar 15, 2012 10:04 pm ]
Post subject:  Re: swingONE
maybe he meant actually programming a break even point based on atr as opposed to the standard atr stop???
Author:  markft [ Thu Mar 15, 2012 10:09 pm ]
Post subject:  Re: swingONE
blahn wrote:maybe he meant actually programming a break even point based on atr as opposed to the standard atr stop???
Yes I think what you are asking for Khalid is to set to BE after price moves in our favour by atr * multiplier. Can you please confirm?
Author:  garyfritz [ Thu Mar 15, 2012 10:11 pm ]
Post subject:  Re: swingONE
markft wrote:ATR based SL and TP are already in the EA. Just enable the option and set fixed ones to zero.
Cool! Ummm.... but I don't think it's going to work.

You never calculate AtrVal.... :)
Author:  markft [ Thu Mar 15, 2012 10:15 pm ]
Post subject:  Re: swingONE
garyfritz wrote:
markft wrote:ATR based SL and TP are already in the EA. Just enable the option and set fixed ones to zero.
Cool! Ummm.... but I don't think it's going to work.

You never calculate AtrVal.... :)
Don't I? Ooups :) I thought I did but this is one of the options I mentioned that I didn't test. No problem should be easy to fix.
Author:  garyfritz [ Fri Mar 16, 2012 3:05 am ]
Post subject:  Re: swingONE
If you put a 20pip trailing stop on it, and assume you close the trade at 20pips under the max run-up, you'd clear over 700 pips... obviously you wouldn't actually close all trades at maxrunup-20, but it would probably improve things quite a bit!
Author:  garyfritz [ Fri Mar 16, 2012 3:30 am ]
Post subject:  Re: swingONE
The trouble is, the market does not go directly to the max runup. So it might go to +10 pips, then -20, then up to +50. If you had a 20-pip trail, you would get -10 pips, not 40. You can't tell what you'd get just from the runup figures. You have to analyze the price action, or forward/back-test it.
Author:  markft [ Fri Mar 16, 2012 3:35 am ]
Post subject:  Re: swingONE
Khalaad wrote:
garyfritz wrote:If you put a 20pip trailing stop on it, and assume you close the trade at 20pips under the max run-up, you'd clear over 700 pips... obviously you wouldn't actually close all trades at maxrunup-20, but it would probably improve things quite a bit!
Gary,

You are not far off the mark. The DumpHistory (should) understate the run-up and overstate the drawdown. At least, that is what I understand. The script was written by George, and enhanced by Mahmut; so Mahmut would know exactly.

:) :) :)


Khalid
Based on this I will add an ATR based BE, and ATR trailing stop for the next realease candidate.
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