Lifesys wrote:Hi Steve,
I must be "doing things wrong" as well
OOTB we had the same problem as Sonny Jim & vivaldi.
Estimated Lotsize = 0.00
Estimated StopLoss = 12616.40 Estimated Loss = 0.00
Estimated TakeProfit = 37848.40 Estimated profit is 0.00

The Stoploss is simply Bid*factor and TakeProfit = Bid*factor*3

It is clearly not calculating the FracLow correctly,
as the fractal value is obviously Zero (0).

I completely replaced the GetFractals routine using the Yellow line value -

Code: Select all

void GetFractals()
{
      FracHigh =iHigh(NULL, PERIOD_H1, 1);
      FracLow = iLow(NULL, PERIOD_H1, 1);
}

and it works - seemingly correctly for now!!
I am going to change my copy to use the Yellow line value,
iLow(NULL, PERIOD_H1, 1)

Thanks for the fun.

garyfritz wrote:

slipshod wrote:Ah ok - I haven't read Steve's PDF as I've only dropped into this thread partway through; I'm going off Paulus's rules as outlined here: http://www.forexfactory.com/showthread. ... ost5640928
In particular, he says this:

Using your market open lines draw a line from EUR open to Euro close it hasn’t got to be super accurate it has to give the general bias of the market
In this example the bias is up so we then draw a horizontal line on the low of the Euro session

........................

He posted that 60% record on May 6, and in the 25 trades before that I get *40%* wins. Which is not terrible -- it made 75% profits in those 25 days -- but it used some really enormous position sizes to do it. 83.3 LOTS for a $10k account! And with those huge sizes it averaged $300 (3%) per trade -- before costs. In reality commissions & slippage would eat most or all of the profits.

Bottom line... this doesn't seem like a real practical system.

vivaldi wrote: By the way : What means "OOTB" ?

coolncalm wrote:Hi Steve,

Thanks for automating this little beast. Its logic is simple and sweet.

Having read the notes and the original thread, I do wonder, however, if the logic used in the notes (and software) may have deviated a bit from the spirit of the originator's instructions. By that, I mean that Paulus said "draw a line from EUR open to Euro close ... In this example the bias is up so we then draw a horizontal line on the low of the Euro session". He gets the market bias and thus decides whether a low line (for a downward breakout from an upward bias) or a high line (for an upward breakout from a downward bias) should be drawn. In the software notes, you invariably ask that a low line be drawn always and Paulus' bias analysis be discarded completely.

Is it possible that Paulus' use of an example of a market with an upward bias may have caused some confusion in how his strategy has been interpreted?

Today, for example, a low line at the London open gave a buy signal within 8minutes. However, an analysis of the minute candles between the EURO and London open times showed consistent lower highs after the first hour and thus a downward bias. If the bias is read as downward instead, and thus a high line placed at the London open (to indicate an upward breakout), the software correctly takes a short trade and hits TP (I placed a high line given the downward market bias).

Please take another look at the strategy's logic and see if the notes need to be updated. Cheers.

garyfritz wrote:

erickva wrote:I think it would depend on how big your SL is.
With this EA SL can be as small as 7 pips, this will skyrocket the position size, even though you have a fixed/controlled risk.

The position size is calculated to produce the desired risk given your SL, 2.5% in my case. I don't care if that 2.5% risk is produced by a 0.01 lotsize or a 10.00 lotsize, it's still 2.5% risk. (Assuming you don't get bad slippage, etc.)

garyfritz wrote: 3. It makes a profit, but only if you don't count costs. I'm only hitting 30% wins and averaging $1.21 per mini per trade. I must be doing something wrong but it seems to be doing the right thing when I look at the trades. I sure don't see how the guy Erick quoted got 60% wins with this! Does anybody have a trade listing for the last month, that shows that 60% win rate, that they could share?

coolncalm wrote:Hi Steve,

Thanks for automating this little beast. Its logic is simple and sweet.

Having read the notes and the original thread, I do wonder, however, if the logic used in the notes (and software) may have deviated a bit from the spirit of the originator's instructions. By that, I mean that Paulus said "draw a line from EUR open to Euro close ... In this example the bias is up so we then draw a horizontal line on the low of the Euro session". He gets the market bias and thus decides whether a low line (for a downward breakout from an upward bias) or a high line (for an upward breakout from a downward bias) should be drawn. In the software notes, you invariably ask that a low line be drawn always and Paulus' bias analysis be discarded completely.

• - if the market rose from Frankie open to London open, the bias is up and the line should be drawn at the low?
  - if the market fell from Frankie open to London open, the bias is down and the line should be drawn at the high?