Is PRT really executing this ADX Forex Strategy ?

• 09/12/2016 at 3:24 PM #12988
  Philip Raphael

  Dear community,

  I would like to ask a question about a PRT code that was posted from one of you. Results are dramatically good, but one comment (“strategy looks nice, but it’s a typical mistake from beginners to think that this strategy really works […]) made me feel a little uncalm.

  That strategy was posted regarding a 1h time frame. I did my backtest on daily basis and the results were much, much better.

  So I put them to my ProOrder strategies two weeks ago. 1 trade was already executed with 100 € profit, but I am now unsure, if this strategy is really possible to be executed on a daily basis with this code enclosed.

   

  Could you please help me? Thank you very, very much in advance!

  You will find a screenshot on this strategy on a daily basis enclosed to see the impressing performance of my backtest.

   

  Kind regards,

  Philip

   

   

  Defparam Cumulateorders = false n = 5 // ENVELOPPES EnveloppeSup = Average[20](close)*1.004 EnveloppeInf = Average[20](close)*0.996 // ACHAT ca1 = ADX[40] > 10 ca2 = DIplus[40](close) > DIminus[40](close) ca3 = high > EnveloppeSup and close < EnveloppeSup IF ca1 AND ca2 AND ca3 THEN BUY n SHARES AT MARKET ENDIF // VAD cv1 = ADX[40] > 10 cv2 = DIplus[40](close) < DIminus[40](close) cv3 = low < EnveloppeInf and close > EnveloppeInf IF cv1 AND cv2 AND cv3 THEN SELLSHORT n SHARES AT MARKET ENDIF // Stops et objectifs SET STOP pLOSS 10 SET TARGET pPROFIT 20

  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

  Defparam Cumulateorders = false   n = 5   // ENVELOPPES EnveloppeSup = Average[20](close)*1.004 EnveloppeInf = Average[20](close)*0.996   // ACHAT ca1 = ADX[40] > 10 ca2 =  DIplus[40](close) > DIminus[40](close) ca3 = high > EnveloppeSup and close < EnveloppeSup   IF ca1 AND ca2 AND ca3 THEN BUY n SHARES AT MARKET ENDIF   // VAD cv1 = ADX[40] > 10 cv2 =  DIplus[40](close) < DIminus[40](close) cv3 = low < EnveloppeInf and close > EnveloppeInf   IF cv1 AND cv2 AND cv3 THEN SELLSHORT n SHARES AT MARKET ENDIF     // Stops et objectifs SET STOP pLOSS 10 SET TARGET pPROFIT 20

   

  

  Philip Raphael

  Participant

  Topics: 2

  Replies: 2

  Been thanked: 0 times
  09/12/2016 at 3:48 PM #12992
  Nicolas

  Please update your country flag in your profile. Thank you 🙂

  Hi Philip,

  This code work for any timeframe. The only thing you need to worry about is the minimal stoploss and target profit for this timeframe. Because of the “0 bar” backtest behaviour, it would not operate the same in backtest and live trading for sure.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4775 times
  09/12/2016 at 4:21 PM #12994
  Philip Raphael

  Thank you so much for your quick and kind answer, Nicolas!

  Am I understanding you correctly that the 0 bar behaviour is the gap between market close and market opening? How can one see how much this 0 bar behaviour affects the risks?

  Thanks so much in advance for you help!

   

  

  Philip Raphael

  Participant

  Topics: 2

  Replies: 2

  Been thanked: 0 times
  09/12/2016 at 6:03 PM #12996
  Nicolas

  Look at your backtest orders list and see how much trades have opened and closed on the same bar. If you have too much ones, this is not a good news.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4775 times
  09/12/2016 at 6:46 PM #13000
  Elsborgtrading

  There are many discussions about 0 bar behaviour. long story short- when PRT produce a trade that is opened and closed within the same bar, and a stoploss and a takeprofit is coded- PRT will always take the profit and leave out the stoploss. That would not be the case in real live trading.

  Cheers Kasper

  

  Elsborgtrading

  Participant

  Topics: 37

  Replies: 359

  Been thanked: 154 times
• Author
  Posts