My experience of HiveTrader, any others?

[markies21]

Folks,

Has anyone here had experience with Hivetrader

I was impressed by some of the backtests reported on the site so today I took on the task of trying to replicate the backtests in Tradestation.

For example this backtest (you'll have to create a HiveTrader account and log on to get the below link to work) has an average trade of 84 pips over 1 year, 727 trades.

Hivetrader

Taking the rules and then coding this in TradeStation, I got a measly 18 pips per trade.

I am wondering if anyone out there has had similar experiences with the backtests on hivetrader, or can anyone see what I'm doing wrong (I've gone through the code all day and can't spot a thing wrong with it)!

Thanks in advance,
Mark.

{ENTRY SIGNALS
Breakout low -1
Type: Breakout
Interval: 1 Minute
Notification Type: Entry Signal
Parameters: Price breakout below the low minus 1 pip for the last 1 periods

FXE 4 HR SMA(12) -
Type: FXE Moving Average
Interval: 4 Hour
Notification Type: Entry Signal
MA Periods: 12
Offset Periods: 1
Activate: When FX Engines SMA is negative (short)
ENTRY TYPE: Limit
LIMIT PIPS: 6
LIMIT ENTRY WAIT: 19 minutes

ENTRY SCHEDULE
Sunday: From 2:00 PM to 12:00 AM
Monday: ALL DAY
Tuesday: ALL DAY
Wednesday: ALL DAY
Thursday: ALL DAY
Friday: From 12:00 AM to 4:00 PM

DOWNSIDE PROTECTION
FIXED EXIT PIPS: 75
LIMIT EXIT PIPS: 45

Data is GBPUSD on a 1 minute chart
Data2 is GBPUSD on a 4hr chart
}

condition1 = AverageFC( close of data2, 12 )[1] - AverageFC( close of data2, 12 ) < 0;
condition2 = low < low[1] - .0001;
condition3 = (dayofweek(date) = 0 and time < 1400) or (dayofweek(date) = 5 and time > 1600);

Value2 = 999999;

For Value1 = 0 To 18 Begin
if condition1[Value1] and condition2[Value1] then
value2 = minlist(value2, close[Value1]);
End ;

if condition3 then
value3 = 0 else value3=1 {cantrade};

if value2 <> 999999 and value3=1 then
sellshort next bar at Value2 + .0006 limit;

if marketposition = -1 then
begin
buytocover next bar at entryprice - .0045 limit;
buytocover next bar at entryprice + .0075 stop;
end;

 

[markies21]

I'm definitely convinced there is something NQR with the hive, the above system reports an average trade of 84 pips - but has a profit target of 45 pips! Been trying to email the developer today - no response.