Does this system have an edge or is it just the last year?

• 03/23/2017 at 2:18 PM #29612
  victormork

  I created this basic beginner code for the EURUSD 1H and added a trailing stop function which Nicolas had posted on the forum. The result looks okay but my concern is that it’s starting first after 2015 (1 pip spread). Any takes on what I could do differnet. And how is the performance before 2013? Short trades has been far more profitable than long trades during the backtest. Maybe not a surprise since the longer trend has been to the downside.

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 // Conditions to enter long positions indicator1 = CCI[8] c1 = (indicator1 CROSSES OVER -240) indicator2 = BollingerBandWidth[20](close) c2 = (indicator2 > 0.003) indicator3 = TRIX[12](close) indicator4 = Average[9](indicator3) c3 = (indicator3 > indicator4) IF (c1 AND c2 AND c3) AND not daysForbiddenEntry THEN BUY 1 CONTRACT AT MARKET ENDIF // Conditions to enter short positions indicator7 = CCI[8] c5 = (indicator7 CROSSES UNDER 140) indicator8 = BollingerBandWidth[20](close) c6 = (indicator8 > 0.003) indicator9 = Average[9](TRIX[12](close)) indicator10 = TRIX[12](close) c7 = (indicator9 > indicator10) IF (c5 AND c6 AND c7) AND not daysForbiddenEntry THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF // Stoploss SET STOP pLOSS 55 trailingstart = 50 //trailing will start @trailinstart points profit trailingstep = 5 //trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0   // Conditions to enter long positions indicator1 = CCI[8] c1 = (indicator1 CROSSES OVER -240) indicator2 = BollingerBandWidth[20](close) c2 = (indicator2 > 0.003) indicator3 = TRIX[12](close) indicator4 = Average[9](indicator3) c3 = (indicator3 > indicator4)   IF (c1 AND c2 AND c3) AND not daysForbiddenEntry THEN BUY 1 CONTRACT AT MARKET ENDIF   // Conditions to enter short positions indicator7 = CCI[8] c5 = (indicator7 CROSSES UNDER 140) indicator8 = BollingerBandWidth[20](close) c6 = (indicator8 > 0.003) indicator9 = Average[9](TRIX[12](close)) indicator10 = TRIX[12](close) c7 = (indicator9 > indicator10)   IF (c5 AND c6 AND c7) AND not daysForbiddenEntry THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF   // Stoploss SET STOP pLOSS 55 trailingstart = 50 //trailing will start @trailinstart points profit trailingstep = 5 //trailing step to move the "stoploss"   //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF   //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF   //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF   //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

   

  

  victormork

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  03/27/2017 at 12:31 PM #29955
  victormork

  C1 should be changed to cross over -150 in order to include long trades too.

  

  victormork

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  03/27/2017 at 1:17 PM #29968
  GraHal

  Looks good Victor, I like the low Drawdown!

  I’ve always found EUR/USD difficult to trade manual or Auto, but you seem to have nailed it!

  Have you got Walk Forward test on your Platform yet? Interesting how your Bot works on Walk Forward.

  I’ll come back with any improvements, but somehow I don’t think I’ll find any! 🙂

  Cheers
  GraHal

  

  GraHal

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  03/27/2017 at 1:49 PM #29978
  GraHal

  I’ve set it going Live, partly to test out my ‘negative equity / loss limiter’.

  Settings as below

  If STRATEGYPROFIT < 175 AND POSITIONPERF < - 0.0004 then Exitshort at Market Sell at Market Endif

  1 2 3 4

  If STRATEGYPROFIT < 175 AND POSITIONPERF < - 0.0004 then Exitshort at Market Sell at Market Endif

  GraHal

  

  GraHal

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  03/27/2017 at 6:39 PM #30034
  victormork

  Finally a reply! I thought it was a bit strange that no one reacted on what I thought was a pretty good attempt on this pair. Can you please tell me a bit more about the idea behind your loss limiter? It looks very interesting!

  I got the Walk Forward test available on my demo account today so I have not yet had time to try it out on this system. I’m currently testing the system on my demo account and hopefully I’ll take it live afterwards.

  

  victormork

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  03/27/2017 at 7:10 PM #30047
  Nicolas

  Since you are “mirroring” the conditions for short trades, is it normal that indicator9 and indicator10 variables are different than the long ones?

  You should also only declare the same indicator only once, it is unnecessary to declare them for each side.

  

  Nicolas

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  03/27/2017 at 7:13 PM #30048
  GraHal

  Yes it can be disappointing when nobody replies, I experience this also. I noticed it had been a few days with no response so I thought I’d check it out.

  Normally I’m very cautious and run on Demo first, but with my loss limiter coded in for added negative equity protection, I thought I’d set it going Live @ £1 per point.

  If you want to know more re the Loss Limiter then please read below. Loads of background reading also on the ‘bad beginnings’ thread (3rd line of link below).

  https://www.prorealcode.com/topic/negative-equity-loss-limiter-help-please/

  I’ll let you know when your Bot triggers in Live for me.

  Regards
  GraHal

   

  

  GraHal

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  03/28/2017 at 7:55 AM #30063
  victormork

  @Nicolas –  when I mirror the conditions for long and short I normally have the long a bit lower and the short a bit higher for a better result. In this case there’s an error in the buying condition as I pointed out later on. It should be “cross over -150” (almost the same as cross under 140) and not -240.

  @GraHal – Thanks for the link, I’ll check it out! The draw down visible on the picture I uploaded is smoothen out with the correct buying condition so I’m hoping that the real test will be okay. Let’s have a review after a few trades.

  

  victormork

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  03/29/2017 at 10:44 AM #30198
  GraHal

  Triggered … see short trade attached.

  I’m probably going to stop the Bot if it goes back up much past the LH at 10,794 (IG times by 10K so 1.0794) as this would indicate a reversal of the current downtrend.

  It be interesting to see what your Bot does in Demo?

  GraHal

  

  GraHal

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  03/29/2017 at 5:05 PM #30226
  victormork

  I’m short too on my demo and I’ll let it run to see how the exit is handled. If you are stopping now I can congratulate you to 60 pips 🙂

  

  victormork

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  03/29/2017 at 7:16 PM #30238
  GraHal

  Yeah I stopped the Bot right after that big drop at 13:00 ish GMT … 61 pips, there was a pullback so I didn’t get max pips, but a profit is a profit! 🙂

  So far so good and the entry point was logical also!

  Cheers
  GraHal

  

  GraHal

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  03/29/2017 at 8:41 PM #30239
  Nicolas

  I think we should put this one into the Library, to drain more people here.
  So now you already have good results even with long trades too?

  

  Nicolas

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  03/29/2017 at 9:02 PM #30241
  GraHal

  Sounds good to me!

  

  GraHal

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  03/30/2017 at 8:26 AM #30264
  victormork

  Hi Nicolas, Yes the long trades was solved buy updating the entry criteria.

  The system closed the position on 1.07708 (about 45 pips profit) and has now opened a new short. You can put the code in the library but I’m afraid I don’t have time at the moment to rewrite it more nicely were every indicator is specified only once. I have attached the correct code and I have updated this one with an additional criteria on

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 // Conditions to enter long positions indicator1 = CCI[8] c1 = (indicator1 CROSSES OVER -150) indicator2 = BollingerBandWidth[20](close) c2 = (indicator2 > 0.003) indicator3 = TRIX[12](close) indicator4 = Average[9](indicator3) c3 = (indicator3 > indicator4) indicator5 = TRIX[15](close) c4 = (indicator5 < 0.015) IF (c1 AND c2 AND c3 AND c4) AND not daysForbiddenEntry THEN BUY 1 CONTRACT AT MARKET ENDIF // Conditions to enter short positions indicator7 = CCI[8] c5 = (indicator7 CROSSES UNDER 140) indicator8 = BollingerBandWidth[20](close) c6 = (indicator8 > 0.003) indicator9 = Average[9](TRIX[12](close)) indicator10 = TRIX[12](close) c7 = (indicator9 > indicator10) c8 = (indicator5 > -0.015) IF (c5 AND c6 AND c7 AND c8) AND not daysForbiddenEntry THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF // Stoploss SET STOP pLOSS 55 trailingstart = 50 //trailing will start @trailinstart points profit trailingstep = 5 //trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0   // Conditions to enter long positions indicator1 = CCI[8] c1 = (indicator1 CROSSES OVER -150) indicator2 = BollingerBandWidth[20](close) c2 = (indicator2 > 0.003) indicator3 = TRIX[12](close) indicator4 = Average[9](indicator3) c3 = (indicator3 > indicator4) indicator5 = TRIX[15](close) c4 = (indicator5 < 0.015)   IF (c1 AND c2 AND c3 AND c4) AND not daysForbiddenEntry THEN BUY 1 CONTRACT AT MARKET ENDIF   // Conditions to enter short positions indicator7 = CCI[8] c5 = (indicator7 CROSSES UNDER 140) indicator8 = BollingerBandWidth[20](close) c6 = (indicator8 > 0.003) indicator9 = Average[9](TRIX[12](close)) indicator10 = TRIX[12](close) c7 = (indicator9 > indicator10) c8 = (indicator5 > -0.015)   IF (c5 AND c6 AND c7 AND c8) AND not daysForbiddenEntry THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF   // Stoploss SET STOP pLOSS 55 trailingstart = 50 //trailing will start @trailinstart points profit trailingstep = 5 //trailing step to move the "stoploss"   //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF   //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF   //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF   //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

  both long and short which prevents from entering positions following the shorter trend when the price is in an oversold or overbought stage. This only excluded 10 trades out of 400+ so I think it’s acceptable.

  

  victormork

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  03/30/2017 at 10:15 AM #30289
  GraHal

  Victor, nice work with latest changes … gives about £450 more profit over 100,000 x 1H and lowers the Drawdown by £120 … keep em coming matey! 🙂

  Thank You
  GraHal

  

  GraHal

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