Hello everyone,
I found this strategy on an ebook that I bought. The author claimed to have executed over 500 winning trades in a row.
Obviously this is completely unrealistic. But I figured the strategy coul be winning, however. So I decided to backtest this strategy.
It didn’t work well with the entry rules mentioned in the ebook, I have simplified these rules.
This strategy takes the breakout candle between 8:45 and 09H which defines a range. If a signal candle is completely out of the range, we take position in the direction of the trend, on break of the high / low of this signal candle. Only 1 trade per day. Do not trade if the breakout candle is more than 45 pips.
This strategy applies in M15 graphs, mainly on the EUR / USD, and also the GBP / USD.
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// FOREX RENEWAL system // M15 // EUR/USD ou GBP/USD Defparam cumulateorders = false n = 3 // BOUGIE RANGE IF time = 090000 THEN hautcanal = high bascanal = low tradejour = 0 IF high - low >= 0.0045 THEN tradeok = 0 // pas de trade si bougie range >= 45 pips ELSE tradeok = 1 ENDIF ENDIF // PLAGES HORAIRES Ctime = time > 090000 and time < 180000 IF Ctime and tradeok = 1 and tradejour = 0 THEN IF low > hautcanal THEN BUY n shares at high + 0.0003 stop ENDIF IF high < bascanal THEN SELLSHORT n shares at low - 0.0003 stop ENDIF ENDIF // TAKE PROFIT tp = 0.0045 IF longonmarket THEN tradejour = 1 sell at tradeprice + tp limit sell at bascanal stop ENDIF IF shortonmarket THEN tradejour = 1 exitshort at tradeprice - tp limit exitshort at hautcanal stop ENDIF // CLOTURE LA NUIT IF time >= 230000 or time < 070000 THEN sell at market exitshort at market ENDIF |
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is it roubust? does it works on multiple forex?
Hey,
What’s the name of the e-book please ?
No, I think it only works on EUR/USD and GBP/USD.
As I said I did want to test this strategy, but it’s very far from being my best… anyway, I did post it because I think someone can really improve it.
Hello doctor, in 5 minutes eur-usd development is good, I think it’s very good strategy, thank you very much for your contribution, looketh to improve it to see if I can
hello doctor …. publishes the trading system your best … I am curious to see the detailed report to compare it with mine. 🙂
Hello, my best trading systems are on my website ; but I don’t put the links here (as I don’t want to make advertising here).
Regards,
I cant seem to get it to do even one trade on 1m, 5m, 15m or 1H on eur/usd.
I’ll try GBP/USD.
Probably an odd setting somewhere. I’ll let you know.
No doesnt do even 1 trade for me on GBP/ USD either.
I can normally get any strategy to do a few trades by tweaking (even if losses) but nothing on this one so far.
I put a few of the french terms into ‘google translate’ so I could get my head around how the code works.
I’ll have another go tomorrow.
Thanks anyway Doc … it does look interesting code / strategy … I’d really like to get it going.
Cheers
GraHal
GMT adjusting maybe?
Hello,
Strange, it works fine for me, on each timeframe < 4H.
I’m convinced that someone can improve this strategy.
It’s a breakout strategy, those kind of setups can sometimes be profitable.
But there is so much to test…
I adjusted for GMT (minus 1 hour on all times) … no trades.
Might it be because the code is a mixture of French and English … I’m with IG in the UK.
I also tried the code download and copy and paste in case any different.
I’m keen on a breakout strategy so its doubley frustrating.
Ooops got that excited I sent that last one twice! ha (and can’t delete it, sorry)
I got it going … it’s to do with these bits of the code ,,,
IF high – low >= 0.0045 THEN
it needs to be
IF high – low >= 45 THEN
to work on IG Spread betting accounts.
I should have relaised sooner! On spreadbetting accounts, IG multiply all instrument prices by 10000 (makes it easier to see the perpoint values, I guess?). So currently EUR/USD is 11,126 on IG spread betting charts.
Hope that makes sense, just say if not?
I’ll get on with my day now that’s sorted! ha
GraHal
n = 3
dont forget to allow 3 contract in proorder
Tried EURUSD GMT and GMT -1, as far back as I can go, Nov 2018 on 15mn Tf, 22% loss