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

• 03/31/2017 at 4:26 PM #30552
  victormork

  Manel I didn’t notice your post when I replied from my phone.. I can understand why the backrest is only working for current market conditions. It needs smooth movements and if the market becomes more volatile it will not work anymore. If you have any idea in how to compensate this shortcoming please let me know!

  

  victormork

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  03/31/2017 at 9:52 PM #30574
  victormork

  An idea that I have is to try is to restrict long and short slightly depending on trend, right now they are working slightly more as a mean reverse.

  

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  03/31/2017 at 10:23 PM #30578
  GraHal

  You say ... if the market becomes more volatile it will not work anymore … that is not a bad thing unless you can ensure that trades are on the right side of the volatility?

  Alternatively get out quick using a stop dependent on a condition which is a measure of volatlilty?

  If Shortonmarket AND  ‘volatile measure’ AND Price > Price[1] AND Price[1] > Price[2] etc (i.e Price increasing) THEN

  Set pstoploss at (price+min stop distance) (or maybe just exitshort?)

  Endif

  But you would need to be able to use a 1M or even 1 sec TF as no good waiting until the end of the 1H TF as volatility may be over by then.

  The conditions above would only be read / set at the end of a bar … hence the need for 1 sec TF?  PRT Multitimeframe is coming along soon I believe?

  Just a few thoughts. I only wish I could code as quick as I think of these daft ideas which probably aren’t even codable?? hahaha

  Regards
  GraHal

  

  GraHal

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  04/01/2017 at 9:42 AM #30581
  victormork

  the system already use a trailing stop, what I meant was that it can’t hand shock movements and at the moment it can go long when there is no price-action supporting long positions, therefore I would suggest it to be more trend following. I have not yet tested this so it can be completely wrong.

  

  victormork

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  04/01/2017 at 9:59 AM #30586
  victormork

  Sorry GraHal, I think I misunderstood what you said about the stop function. I’ll have a look to see what I can do.  Will try to see if I can use any of your suggestions 🙂

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  GraHal

  

  victormork

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  04/01/2017 at 2:07 PM #30614
  victormork

  I’m thinking that it could be changed to something like this. I have tried to create the same system with much less indicators. Still missing the real robust edge.

  // 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 // indicators indicator1 = TRIX[9](close) indicator2 = Average[6](TRIX[9](close)) indicator3 = Average[20] indicator4 = Average[150] // Conditions to enter long positions c1 = (indicator1 CROSSES OVER indicator2) c2 = (indicator3 > indicator4) c3 = (indicator1 < -0.01) IF (c1 AND c2 AND c3 ) AND not daysForbiddenEntry THEN BUY 1 CONTRACT AT MARKET ENDIF // Conditions to enter short positions c11 = (indicator1 CROSSES UNDER indicator2) c12 = (indicator3 < indicator4) c13 = (indicator1 > 0.01) IF (c11 AND c12 AND c13 ) AND not daysForbiddenEntry THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF // Stoploss SET STOP pLOSS 55 trailingstart = 40 //trailing will start @trailinstart points profit trailingstep = 10 //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

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  // 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   // indicators indicator1 = TRIX[9](close) indicator2 = Average[6](TRIX[9](close)) indicator3 = Average[20] indicator4 = Average[150]   // Conditions to enter long positions c1 = (indicator1 CROSSES OVER indicator2) c2 = (indicator3 > indicator4) c3 = (indicator1 < -0.01)   IF (c1 AND c2 AND c3 ) AND not daysForbiddenEntry THEN BUY 1 CONTRACT AT MARKET ENDIF   // Conditions to enter short positions c11 = (indicator1 CROSSES UNDER indicator2) c12 = (indicator3 < indicator4) c13 = (indicator1 > 0.01)   IF (c11 AND c12 AND c13 ) AND not daysForbiddenEntry THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF   // Stoploss SET STOP pLOSS 55 trailingstart = 40 //trailing will start @trailinstart points profit trailingstep = 10 //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

   

  

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