SteveHopwood wrote:Shelley, I just realised that you first contacted me about this 9 months ago. You are still testing the ea.
Not many of my ea's last 9 days.
This suggests to me that some further development might be helpful.
Let's start with what we can prune. In the code, I see Hanover, CBI and a shed-load of trend-spotting stuff. How much of this can I remove?
Yes...I still think this strategy has legs, up to now the biggest problem was we were getting the signal's a bit late, especially when the market was ranging. So, I have focused attention on trying to get in to the trade earlier, thereby providing a better opportunity (even in a ranging market) to at least get to +50, move to BE and lock in some profits.
It's very early days, but changing the stochastic to 7,2,2 has gotten us in much earlier than using the original 8,3,3 settings.
I've attached the charts of the trades taken using 7,2,2 and also added an 8,3,3 stoch for comparison purposes. In most cases, we would not have yet even taken a trade using the 8,3,3 settings and yet, we have now been in & out and locked in over 700 pips of profit by using the 7,2,2!
Also, I agree about pruning some of the code, especially the trend direction stuff.
I have been testing various RSI trend detection settings in the last 2 weeks and haven't been able to come up with anything I have felt would benefit, so happy for this to go and (for me) moving forward, the only module I think I would be wanting to test would be slope (I still haven't had a chance to do this yet), however I understand that as soon as the rest is removed, someone will come along and suggest adding some type of trend detection...so I shall leave this to you to decide what/if it stays or goes.
See below charts and results for trades taken
(please note, had forgotten to set the TP/SL in the EA and I had mistakenly left the UseVolatilityLookbackCandles at 20 which then set TP/SL according to these settings on all pairs - which has caused them to close prematurely, so potentially missed a lot of extra pips there, except I did manage to change the NZDUSD trade which is why it is still going.)
AUDCAD
audcad_7.2.2v8.3.3.gif
AUDCHF
audchf_7.2.2v8.3.3.gif
AUDUSD
audusd_7.2.2v8.3.3.gif
EURAUD
euraud_7.2.2v8.3.3.gif
GBPAUD
gbpaud_7.2.2v8.3.3.gif
NZDUSD
nzdusd_7.2.2v8.3.3.gif |