Yet another newbie system!

[waxwing]

Interesting reading. I tried to do a rough and ready M.etatrader expert to investigate this in backtest. I used the close of the last bar and the one before that (i.e. signals for shift = 1 and shift = 2) to avoid "psychic knowledge"
But I am really very new at all this so don't take my coding effort too seriously. It could be a starting point for someone to create something. Let me know if it's useful.

PS. I noticed something while trying to code this. You use the crossing of the MAs as a kind of initial setting, i.e. after that you wait for the PSAR cross. Doesn't that really mean that condition 1 is "if MAFast > MASlow" (for longs, vice versa for sells)? Anyway, that's how I put it in the code because I couldn't see any difference between that and saying that at some point in the past, there has been an MA cross up/down.

Oh, PPS the file is a txt file, just copy paste it into an MQL2 expert to run.

Edit: I noticed a logic flaw in the first version, so I updated a second one.

[tim_nn]

By the way, forgot to say before ...

Originally posted by sr2 I found in some of the pairs there is a struggle to get the profits without suffering drawdowns of up to 61 pips (which has been the worse so far if memory serves.)

For a system that has made over all these pips in 7 months (albeit on manual and maybe a little approximate back-testing so far), a biggest drawdown of 61 pips on a position is absolutely astonishing. But I expect you know this already.

[sr2]

Originally posted by waxwing
Interesting reading. I tried to do a rough and ready M.etatrader expert to investigate this in backtest. I used the close of the last bar and the one before that (i.e. signals for shift = 1 and shift = 2) to avoid "psychic knowledge"
But I am really very new at all this so don't take my coding effort too seriously. It could be a starting point for someone to create something. Let me know if it's useful.

PS. I noticed something while trying to code this. You use the crossing of the MAs as a kind of initial setting, i.e. after that you wait for the PSAR cross. Doesn't that really mean that condition 1 is "if MAFast > MASlow" (for longs, vice versa for sells)? Anyway, that's how I put it in the code because I couldn't see any difference between that and saying that at some point in the past, there has been an MA cross up/down.

Oh, PPS the file is a txt file, just copy paste it into an MQL2 expert to run.

Edit: I noticed a logic flaw in the first version, so I updated a second one.

Thank you so much for coding this waxwing. Really appreciated. However I've been thinking about the system and also some of the other threads I have read. Basically at present I have decided not to back test. The reason being that so many people back test their systems and fall into the trap of curve fitting. The test for a system is not how it would have performed but how it does perform in the future. So rather than back test I will forward test

I will however keep hold of your file just in case

Thanks again

[sr2]

Ok here is a little more analysis work I did on my Jan trades.

BTW it looks like there may be a GBPUSD trade at 16:00GMT today.

Anyway please refer to the posted results so far. Basically if I had stuck to my rules of 100 SL and TP then this is how the trades would have ended (these are listed in the same order as the previous ones):

AUDUSD - TP target hit
USDCAD - TP target hit
EURGBP - TP target hit
USDCAD - TP target hit
EURCHF - Would still be in trade but down about 60 pips
GBPJPY - TP target hit
USDJPY - SL target hit - Missed TP target by 1 pip!!
AUDUSD - TP target hit
EURGBP - Still in trade with more profits

So for all except 1 trade so far the TP target was hit. There are 2 which would still be open. If I remember I will check what the outcome would have been next week.

I am using Metatrader to demo trade but will hopefully switch to RefCo or GFT in the next few days.

SR2

[tim_nn]

Originally posted by sr2 BTW it looks like there may be a GBPUSD trade at 16:00GMT today.

Yes indeed; have been watching that one since the crossover on Wednesday.

Do you have any impression of what proportion of crossovers you end up trading (small-ish, I realise)?

And of what the "average time-lag" is between the crossover and the trade?

Thanks for updating with January's positions.

[ar1]

Sr2, try to trail your SL. When for example you have already 50 pips unrealized profit, move your SL to B/E. I think it will improve your strategy alot.

[Bunnygirl]

Hi guys,

It may be old age setting in and me looking for an easier pace of life, but I do like your 4 hour chart idea Sr2.

I totally agree with the 'set & forget' method of tp & sl, I've always said my best trades happened when I wasn't around to meddle with them.

I just wanted to point out that my change from wma to ema was only because Netdania was going through an unreliable patch (like today for instance when it went down twice for some time) & my platform CMC doesn't have wma. There's not that much difference between the two indicators on a normal day, it's only when there's been some big whipsaws as seen around news time that you may see a difference of a few pips.

I hope this helps, you only have to look back a few weeks to see how much/little difference using wma or ema makes.

In future I'll look to see which way the 4 hour has crossed before entering on the 30 mins. It's all wheels within wheels, there must be some connection between the two. Just a quick thought...if the 4 hour & the 30 mins is crossing at the same time...hmmm.

I'll do some backtesting over the weekend to compare notes.

Bunnygirl

Run rabbit, run rabbit, run run run

[gidman]

[quote]Originally posted by tim_nn


I don't even know what MT is, sorry. Someone else will answer, though; this "MT" has many followers and users here, I gather.

tim_nn,


MT stands for Metatrader

sr2,

I don't think you have to wait till the end of the month to open a new demo. I'm not at home now to make sure, but I think you can open a new one from within Metatrader itself. I believe it's under File. I'll check again when I get home.

G.