Despite my interest in a more frequent trader, I still bang away at this one now and again.
It could be a nice little earner if we can overcome its main weakness!
I spent several days developing some code which can close trades in parts.
Although the code now works and removes a fraction say every 20 pips.
The overall result is disappointing with this strategy.
The number of partial exits and the gaps between exits are set at run time.
It could be that these parameters need to be optimised.
The main contribution to the disappointment is caused by the same issue that plagues this EA:
not knowing that the trend is reversing.
The idea of the partial close was to win some pips then breakeven before a reversal all the way back to the stop-loss. However, there are too many reversals which never get to the first partial close so the losses are bigger in proportion to the wins.
It seems more effort is needed in understanding reversals near the end of a swing.
In a bad week the drawdown for 10 pairs could be 50%!
After struggling with Empty4 and large quantities of M1 data, I can now back test from 2007 but only on AUDUSD, because GBPUSD M1 seems to overwhelm CrappyT4.
Summary of back test
M1 mid-2012 to mid 2013
Bars in test 412058
Ticks modelled 820853
Modelling quality n/a
Mismatched charts errors 0
Initial deposit 10000.00
Total net profit 858.62
Gross profit 2484.62
Gross loss -1626.00
Profit factor 1.53
Expected payoff 31.80
Absolute drawdown 25.00
Maximal drawdown 551.92 (4.98%)
Relative drawdown 4.98% (551.92)
Total trades 27
Short positions (won %) 19 (73.68%)
Long positions (won %) 8 (62.50%)
Profit trades (% of total) 19 (70.37%)
Loss trades (% of total) 8 (29.63%)
Largest
profit trade 213.24
loss trade -229.20
Average
profit trade 130.77
loss trade -203.25
Maximum
consecutive wins (profit in money) 5 (560.10)
consecutive losses (loss in money) 2 (-395.52)
Maximal
consecutive profit (count of wins) 560.10 (5)
consecutive loss (count of losses) -395.52 (2)
Average
consecutive wins 3
consecutive losses 1 |
