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OAW - dudest spin
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Author:  dudest [ Fri May 09, 2014 11:45 am ]
Post subject:  OAW - dudest spin
Original post here in Once A Week Trading EA thread:
dudest » Fri May 02, 2014 8:28 pm wrote:Hallo peeps,

After reading the initial post, had a couple of ideas I wanted to test out and try.

I didn't want to muck around with Steve's code coz I'm still a novice, and would most likely have broken it.
(Plus Steve is also a great coder, would have taken me a bit of time to figure out what to mess with...)

So after eye-balling all my charts for most of last Saturday night, came up with my version here:

MyFXB: http://www.myfxbook.com/members/dudest/ ... eek/905649

==

1. Pairs: AUDUSD, CADCHF, CADJPY, EURNZD, EURSEK, GBPJPY, GBPNZD, NZDUSD, USDSGD, XAUUSD
-> Put the EA on each pair's D1 chart
-> Apart from CADJPY, CADCHF and GBPJPY, the others assume that the Monday candle is telling a lie (so trade opened is opposite Monday's close).

2. Lot sizing: current (automatic) default: 0.1 lots for every $2000

3. StopLossPips and JumpingStopPips are provided by the 5-day ATR (halved)
-> From the tests, it seemed that jumping the SL yielded less than just letting the trade run. So the JumpingStop only moves the SL to BE.
-> A BreakEvenProfit of 2 pips is also applied (default)

4. This one uses the Broker's time, not the local computer time.
My broker is GP. Should work well with any other 5-day, NY-close broker. Otherwise just adjust the hours to your broker's.

==

That's pretty much it.

Hope we all gain in the long run

Cheers
Download:
HaveANiceWeek.mq4
.
Author:  dudest [ Fri May 09, 2014 11:51 am ]
Post subject:  OAW - dudest spin
This week was week #2 of the EA

Only anomaly I saw was that AUDUSD buy was not opened on Tuesday (still donno why :( , no errors in logs), would have yielded some nice pips this week. Fortunately, XAUUSD and EURSEK did the heavy lifting, ensuring we closed the week slightly above last week ( which is great, considering the other pairs all hit SL/BE )

Cheers
HaveANiceWeek_Week2.png
Author:  sandybeach [ Fri May 09, 2014 9:48 pm ]
Post subject:  OAW - dudest spin
Hi,

Here are the results from my end for this EA, just left it OOTB, midweek it looked a bit sad but then came back to close nicely.

http://www.myfxbook.com/members/tradobo ... oaw/913915

Looking forward to next week.

Cheers
Author:  dudest [ Fri May 09, 2014 10:45 pm ]
Post subject:  OAW - dudest spin
sandybeach » Sat May 10, 2014 12:48 am wrote:Hi,

Here are the results from my end for this EA, just left it OOTB, midweek it looked a bit sad but then came back to close nicely.

http://www.myfxbook.com/members/tradobo ... oaw/913915

Looking forward to next week.

Cheers
Thanks for sharing your results sandybeach, much appreciated!

Three things I notice from your MyFXB:

1. GBPJPY trade was not opened -- any errors in your Empty4 logs?

[ note to self: maybe i should add a function to check if each trade has been opened successfully a few mins after Start Hour... ]

2. Your lot sizing seems to be off: 1 lot per $20k --> 0.1 lot per $2k --> 0.02 lot(rounded) per $500
Have no idea why on yours it opened 0.01 lots...

Looking forward to next week too!

Cheers
Author:  sandybeach [ Fri May 09, 2014 10:56 pm ]
Post subject:  OAW - dudest spin
:oops: My fault there, not totally OOTB, I always change to the 0.01 on small demo's, I will correct that for next week.

Checked the charts I only had 9 pairs, again my mistake here, will add the GBPJPY for next week.

Sorry to mislead!
Author:  SteveHopwood [ Fri May 09, 2014 10:59 pm ]
Post subject:  OAW - dudest spin
I have added a link to this in my OAW post 1.

Great to see the creative juices flowing.

:xm:
Author:  dudest [ Fri May 09, 2014 11:34 pm ]
Post subject:  OAW - dudest spin
sandybeach » Sat May 10, 2014 1:56 am wrote::oops: My fault there, not totally OOTB, I always change to the 0.01 on small demo's, I will correct that for next week.

Checked the charts I only had 9 pairs, again my mistake here, will add the GBPJPY for next week.

Sorry to mislead!
No problemo :), thanks for the clarification!

Cheers
Author:  dudest [ Fri May 09, 2014 11:35 pm ]
Post subject:  OAW - dudest spin
SteveHopwood » Sat May 10, 2014 1:59 am wrote:I have added a link to this in my OAW post 1.

Great to see the creative juices flowing.

:xm:
Thanks Steve!, much appreciated.
Author:  dudest [ Sat May 17, 2014 8:25 am ]
Post subject:  OAW - dudest spin
Week #3 ended on a bummer note.

Equity was up +2600 USD, only for reversals on Thur and Fri to diminish that to close just under last week's balance.

An interesting observation though: the NZD pairs (see MyFXB summary) seem the most reliable. I want to backtest this and confirm whether it was so in the past ( NB: being a DAILY strategy based on bar close/open price, backtest is not useless )

Cheers
Author:  sandybeach [ Sat May 17, 2014 11:12 pm ]
Post subject:  OAW - dudest spin
My results for the week - mid week it was doing OK, I was tempted to manually close the open profits, but decided to let it work on it's own to see what would happen. Had I intervened it would have been a lot healthier profit wise:)

http://www.myfxbook.com/members/tradobo ... oaw/913915

Cheers
Marlene
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