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Brakeout of the monday's night
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3224		 Page 3 of 9
Author:  RedLineFred [ Fri Nov 01, 2013 2:55 am ]
Post subject:  Re: Brakeout of the monday's night
phil_trade wrote: .................Windev with an Empty4 API to drive multiple instance of Empty4. ...........
Philippe
Hi Philippe,

Could you tell us more about how to code with API or where to get started.

All my coding is in mq4, but the idea of being able to get away from it has intrigued me for a while.

Thanks for any advice offered.
Fred
Author:  SWG123 [ Fri Nov 01, 2013 7:46 am ]
Post subject:  Re: Brakeout of the monday's night
RedLineFred wrote:
phil_trade wrote: .................Windev with an Empty4 API to drive multiple instance of Empty4. ...........
Philippe
Hi Philippe,

Could you tell us more about how to code with API or where to get started.

All my coding is in mq4, but the idea of being able to get away from it has intrigued me for a while.

Thanks for any advice offered.
Fred
API = Application Programming Interface

An application programming interface specifies how some software components should interact with each other - Wikipedia
Author:  phil_trade [ Fri Nov 01, 2013 8:49 am ]
Post subject:  Re: Brakeout of the monday's night
RedLineFred wrote:
phil_trade wrote: .................Windev with an Empty4 API to drive multiple instance of Empty4. ...........
Philippe
Hi Philippe,

Could you tell us more about how to code with API or where to get started.

All my coding is in mq4, but the idea of being able to get away from it has intrigued me for a while.

Thanks for any advice offered.
Fred
Hello

I'm using Empty4 API from http://www.mt4api.net/
Very stable. You can integrated it via .NET in your development software.

cheers

Philippe
Author:  phil_trade [ Fri Nov 01, 2013 9:15 pm ]
Post subject:  Re: Brakeout of the monday's night
Hi all

I have optimized the strategy for 6 pairs for now : EURJPY / AUDJPY / CHFJPY / XAUUSD / GBPJPY / USDJPY. I have modified the original concept with new parametrs as
- SizeZoneMultiplier
- % Size Zone to move SL on TPx hit
- % Size Zone to move SL before TPx hit

From 01/2009 to 09/2013 : 10K$ with fixed 0.3 lot cut in 3 TP return 125 K$

Very good result for a so simple strategy.

2 Big DD must be corrected from 06/2010 to 12/2010 and from 06/2012 to 10/2012
MondayZoneBreakOut_MultiPairs_2009_2013.PNG
MondayZoneBreakOut_MultiPairs_2009_2013 trade analisys.PNG
any comments are welcome

cheers

Philippe
Author:  milanese [ Sat Nov 02, 2013 8:31 pm ]
Post subject:  Re: Brakeout of the monday's night
phil_trade wrote:Hi all

I have optimized the strategy for 6 pairs for now : EURJPY / AUDJPY / CHFJPY / XAUUSD / GBPJPY / USDJPY. I have modifu the original concept with new parametrs as
- SizeZoneMultiplier
- % Size Zone to move SL on TPx hit
- % Size Zone to move SL before TPx hit

From 01/2009 to 09/2013 : 10K$ with fixed 0.3 lot cut in 3 TP return 125 K$

Very good result for a so simple strategy.

2 Big DD must be corrected from 06/2010 to 12/2010 and from 06/2012 to 10/2012
MondayZoneBreakOut_MultiPairs_2009_2013.PNG
MondayZoneBreakOut_MultiPairs_2009_2013 trade analisys.PNG
any comments are welcome

cheers

Philippe
maybe closing the trade, if the D1 candle, where we entered the trade closes lower than the openprice and the nextcandle also closes lower than the openprice (in case of BUY) or maybe using tf H4 for this.. would be an idea ..like spotdespot had suggested for BASA

Cheers :)
Tommaso
Author:  michalkraus [ Sun Nov 03, 2013 12:42 pm ]
Post subject:  Re: Brakeout of the monday's night
phil_trade wrote:Hi all

I have optimized the strategy for 6 pairs for now : EURJPY / AUDJPY / CHFJPY / XAUUSD / GBPJPY / USDJPY. I have modifu the original concept with new parametrs as
- SizeZoneMultiplier
- % Size Zone to move SL on TPx hit
- % Size Zone to move SL before TPx hit

From 01/2009 to 09/2013 : 10K$ with fixed 0.3 lot cut in 3 TP return 125 K$

Very good result for a so simple strategy.

2 Big DD must be corrected from 06/2010 to 12/2010 and from 06/2012 to 10/2012
MondayZoneBreakOut_MultiPairs_2009_2013.PNG
MondayZoneBreakOut_MultiPairs_2009_2013 trade analisys.PNG
any comments are welcome

cheers

Philippe

Hello Philippe, I am ready to start testing this strategy on my live account. I see you did really hard work and hopefully it will pay off, I cant say how thankful I am. I hope I will be able to bring some adjustments ASAP.

Do you have EA for Empty4 or you are planning some changes, like trying to eliminate the drawdowns?
Author:  phil_trade [ Sun Nov 03, 2013 1:39 pm ]
Post subject:  Re: Brakeout of the monday's night
michalkraus wrote:
phil_trade wrote:Hi all

I have optimized the strategy for 6 pairs for now : EURJPY / AUDJPY / CHFJPY / XAUUSD / GBPJPY / USDJPY. I have modifu the original concept with new parametrs as
- SizeZoneMultiplier
- % Size Zone to move SL on TPx hit
- % Size Zone to move SL before TPx hit

From 01/2009 to 09/2013 : 10K$ with fixed 0.3 lot cut in 3 TP return 125 K$

Very good result for a so simple strategy.

2 Big DD must be corrected from 06/2010 to 12/2010 and from 06/2012 to 10/2012
MondayZoneBreakOut_MultiPairs_2009_2013.PNG
MondayZoneBreakOut_MultiPairs_2009_2013 trade analisys.PNG
any comments are welcome

cheers

Philippe

Hello Philippe, I am ready to start testing this strategy on my live account. I see you did really hard work and hopefully it will pay off, I cant say how thankful I am. I hope I will be able to bring some adjustments ASAP.

Do you have EA for Empty4 or you are planning some changes, like trying to eliminate the drawdowns?
Hi

I will publish FT code when ready. I guess Tommaso could translate in MQL.

But yes, before that, we need to learn why such DD in these period cause I've learn something with Forex... worse come sooner than you expect it :)
Author:  milanese [ Sun Nov 03, 2013 2:00 pm ]
Post subject:  Re: Brakeout of the monday's night
phil_trade wrote:
Hi

I will publish FT code when ready. I guess Tommaso could translate in MQL.

But yes, before that, we need to learn why such DD in these period cause I've learn something with Forex... worse come sooner than you expect it :)
Hi,

yes I will look :)

Cheers :)

Tommaso
Author:  SpiderX [ Sun Nov 03, 2013 2:18 pm ]
Post subject:  Re: Brakeout of the monday's night
phil_trade wrote: Hi

I will publish FT code when ready. I guess Tommaso could translate in MQL.

But yes, before that, we need to learn why such DD in these period cause I've learn something with Forex... worse come sooner than you expect it :)

Hi Phil,

The good thing is that these periods are fairly extended, so it might be possible to do some trade management on equity curve, to either keep out of the market during that period or lower risk until equity curve starts improving.
One possibility is to draw a 10 EMA on the equity curve and stay out of the market when equity curve is below 10 EMA.

Of course equity management method will fail if equity curve fluctuates up and down in a short period of time.


It might be unrealistic for us to expect a strategy to work in ALL market conditions, but at least we can know when things are going south and cut our risk accordingly.


Cheers
Author:  spotdespot [ Sun Nov 03, 2013 3:26 pm ]
Post subject:  Re: Brakeout of the monday's night
michalkraus wrote:
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
Just arrived here from Philippe's link from the Marylin thread.

I am not sure if this point above was ever taken in to consideration with the testing as I think it is pretty important. I trade manually from Frankfurt open onwards and I have a simple mental rule that if the "Asian" range (I define this as NY close to Frankfurt open) is greater than half the ADR then only take cast iron trades - basically don't trade that pair for the day unless a trade absolutely smacks you between the eyes :o The reason being that in my experience price often just bounces around, ranging with little clear direction and often presents dodgy setups that reverse against you.

I think this same principle would save this strategy some pain too. My "rule" is a mental one but I suspect there is no reason why a more mathematically solid % of ADR rule for the Asian session to prevent trading couldn't be tested?

Cheers,
Dave.
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