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| 10.3 Day Breaker https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1361 |
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| Author: | JulesvH [ Sat Jan 05, 2013 4:44 pm ] |
| Post subject: | 10.3 Day Breaker |
Can someone code an EA for me, please? I've been visually backtesting a strategy that is based on NanningBob's 10.3 system http://www.stevehopwoodforex.com/phpBB3 ... f=38&t=919 and it seems promising, at least on EURUSD. The rules Buy: When a new day starts, daily open has too be above daily pivot Send a pending order at the previous day high. For take profit and stoploss I use a percentage of previous day's range. TP is 33% from previous day range above open, SL is 30%. (So this is the same as a percentage of the ATR from last day) Only maximum one trade per day! Some additions: - When the order doesn’t get filled cancel it the next day. - When there is still an order open at the start of a new day, don’t open a new one. A few requests. - To be able to play with the EA to find optimised settings I would like to see the TP and SL percentage adjustable. - x Days Range input: If people want to work with the average range (ATR) of more days back instead of just the previous one. Backtest (visual) I backtested it the past 54 days on EURUSD, (using the fibo-tool for quick reference with open line at 1, TP line at 1,33 and SL line at 0,7) It generated 37 trades; 26 winners and 11 losers. It netted +472 pips ( +735pips - 263 pips) (only visial, without spread) 472pips / 54days = 8,7 pips a day (without spread) So, as we know from trading the 10.3 system, using the Daily Open en Daily Pivot gives an edge. I just used that edge to make my own variation on that system. One that is structured, simple and I feel at ease with. And hopefully one that turns out to be profitable over a longer period. Future Development If someone can write an EA for this system..... I would be helped enormously. I shall forward test it on a small live account and share my results here. And others can use it or try to find better settings. EDIT, click on the pictures for a better view Light blue line is Daily Open, Dark blue one is Daily Pivot |
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| Author: | JulesvH [ Sat Jan 05, 2013 4:50 pm ] |
| Post subject: | Re: 10.3 Day Breaker |
Another picture: |
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| Author: | JulesvH [ Sat Jan 05, 2013 4:55 pm ] |
| Post subject: | Re: 10.3 Day Breaker |
A picture of a pending trade that didn't get filled |
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| Author: | JulesvH [ Sat Jan 05, 2013 5:00 pm ] |
| Post subject: | Re: 10.3 Day Breaker |
Picture of Stoploss hit |
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| Author: | nanningbob [ Sun Jan 06, 2013 1:56 pm ] |
| Post subject: | Re: 10.3 Day Breaker |
great idea, good work. I will have to try this puppy. |
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| Author: | jb68 [ Sun Jan 06, 2013 6:17 pm ] |
| Post subject: | Re: 10.3 Day Breaker |
Hi, I didn't post lately cause I am involved in a some demanding project at a big corporation but I followed this board. If I am understanding right, I am using some variation of this strategy from a long time.. It is called daylibreakout HiLo and it's return is positive however mediocre. Using Bob's condition may add an edge so I am looking into this. Also the pending order should be at previous Daily Hight + a few pips (eg 2). You know preview's daily act a a resistance so can be hit and then you get a retrace. |
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