eur system tested longs

[slomo7777]

Hi All,
I'm new to this forum, enjoyed browzing through you posts.
I'm developing a system in MetaTrader Expert Advisor, and have backtested from March -Sep 2004. Only on Long Trades - still have to do the Short trade bit
42 trades - 36 winners - 6 losers
Attached is a pic of test - anyone interested?

 

[ChowClown]

Hi slomo,

Welcome aboard

Looks useful :cheesy: Are you planning to sell the system or share it?

Hi All,
I'm new to this forum, enjoyed browzing through you posts.
I'm developing a system in MetaTrader Expert Advisor, and have backtested from March -Sep 2004. Only on Long Trades - still have to do the Short trade bit
42 trades - 36 winners - 6 losers
Attached is a pic of test - anyone interested?

 

[FetteredChinos]

c'est combien?

 

[slomo7777]

Hi Chow, I have no intention to sell it, maybe someone here can improve on it and post it back to the forum
There's always a "risk" of someone else taking your idea, improving it and selling it. In the end we're not trading against each other as such.

Here it is: Try it and let me know:
If TotalTrades < 1 then
(

//EUR%
If (iSAR(0.008,11,0) < iMA(27,MODE_LWMA,0) ) and
(iSAR(0.005,11,0) < iMA(27,MODE_LWMA,0) ) and
(iSTO(27,8,27,MODE_SMA,MODE_MAIN,0) > iSTO(27,8,27,MODE_SMA,MODE_SIGNAL,0))and
(iSTO(27,8,27,MODE_SMA,MODE_MAIN,0)> 35) and (iSTO(27,8,27,MODE_SMA,MODE_MAIN,0)< 45)

then
//sl126 profit 57 pips
SetOrder(OP_BUY,1,Ask,3,Ask-126*Point,Ask+57*Point,HotPink);
exit;
)

 

[slomo7777]

Sorry forgot to mention, this is on a 30min chart EUR/USD

 

[FetteredChinos]

stop loss 126 points? profit 57 points?


not only does that look a bit over-optimised, but its the kind of R/R that i trade lol

what happens if the stop is 60 points, for example? just curious

FC

 

[ChowClown]

Thanks for that slomo - shame I don't have MetaTrader

 

[slomo7777]

I've run many tests with different SL and TP values, found those to work best ! Dunno why, maybe it's EUR inherent?!!

 

[ChowClown]

Slomo,

Any chance of a quick regurgitation of the code in English - get the gist, but not all of it....

Thanks in advance.

 

[FetteredChinos]

i agree slomo.

but i mean, are results impaired significantly if the risk/reward ratio is improved?

 

[slomo7777]

Yes FetteredChinos, they surprisingly are . Those were the optimum TP and SL which I found. Maybe someone else can improve on it. I only opened a demo account with Metatrader to backtest the system with there Expert Advisor. I trade live with FXCM

 

[slomo7777]

ChowClown, I will do some translation in simple English today, never had a chance last night.......sorry

 

[TheBramble]

The R:R doesn't look very attractive, but the w:l does.

Are you able to backtest over a MUCH longer period?

BTW - weird numbers 126/57 - they're not even Fibs for goodness sake!

 

[slomo7777]

Yep, I realize the RR looks bad....This is for a 30 min Chart, ....and I could only backtest 6 months for that time period using Metatrader - althought I must admit I'm a new user of there demo system. I'll try again for maybe 1/2 years if possible

 

[slomo7777]

For those interested Equity graph of test

 

[ChowClown]

Thanks slomo - looking forward to it

ChowClown, I will do some translation in simple English today, never had a chance last night.......sorry

 

[slomo7777]

In Simple English

(A) : iSAR(0.008,11,0) is Parabolic SAR Indicator 0.008 STEP, 11 Maximum
(B) : iSAR(0.005,11,0) is Parabolic SAR Indicator 0.005 STEP, 11 Maximum
(C) : (iMA(27,MODE_LWMA,0) is Linear Weighted Moving Average of 27 on Closing price
(D) : (iSTO(27,8,27,MODE_SMA,MODE_MAIN,0) is Stochastic Oscillator Indicator, %K = 27, %D = 8, Slowing = 27, on Simple Moving Average, Main Indicator line Line)
(E) : iSTO(27,8,27,MODE_SMA,MODE_SIGNAL,0) is Stochastic Oscillator Indicator, %K = 27, %D = 8, Slowing = 27, on Simple Moving Average, Signal Indicator line Line)
==========================================
Therefore IF No trade is open then

IF A<C AND B< C AND D>E AND D>35 AND D<45
then Open a Long Trade TP 57, SL 126

===================================

HAVE A LOOK AT ATTACHED PIC

If TotalTrades < 1 then
(

//EUR%
If (iSAR(0.008,11,0) < iMA(27,MODE_LWMA,0) ) and
(iSAR(0.005,11,0) < iMA(27,MODE_LWMA,0) ) and
(iSTO(27,8,27,MODE_SMA,MODE_MAIN,0) > iSTO(27,8,27,MODE_SMA,MODE_SIGNAL,0))and
(iSTO(27,8,27,MODE_SMA,MODE_MAIN,0)> 35) and (iSTO(27,8,27,MODE_SMA,MODE_MAIN,0)< 45)

then
//sl126 profit 57 pips
SetOrder(OP_BUY,1,Ask,3,Ask-126*Point,Ask+57*Point,HotPink);
exit;
)

 

[ChowClown]

Many thanks for taking the time to put this together. Much appreciated.

 

[slomo7777]

Many thanks for taking the time to put this together. Much appreciated.

Hi ChowClown, have you perhaps tested the system on your side?
It gave a LONG signal on Monday on Euro at about 1.2170. Now at 1.2320

Slomo

 

[ChowClown]

Hi Slomo,

Not yet unfortunately. I'll be testing it from next week, all being well. Nice signal on Monday ;-)