I understand your example, but that case is only relevant when you first start up the EA. Then it can indeed happen the range is larger than the threshold set. However, once it is running, the price action will not suddenly jump. It will slowly ...

Have I found something useful, or is this time wasting?

We don't know beforehand how long a trend will continue. We don't know whether it will be 400 or 700 pips. The EA now immediately opens a position when the price has moved "ExcursionPips" or more. You suggest to wait with the entry to see how the ...

Have I found something useful, or is this time wasting?

Sorry to hear that. You really mis out on MT5. Backtesting in MT4 is a joke. It is 10 times slower, doesn't use real ticks, does not simulate slippage, etc. For backtesting you really should use MT5 to get reliable results. Perhaps you can ask the ...

Have I found something useful, or is this time wasting?

Here is an MT5 EA that does what you described in post #1. The backtest result for EURUSD 2016-2021 with the settings you proposed (ExcursionPips=300, TakeProfitPips=132, StopLossPips=132) doesn't look great: image file What you are suggesting is ...

Have I found something useful, or is this time wasting?

Based on your excellent suggestions, I took the effort to wrap my EA in a bigger EA that implements built-in backtest capabilities. The EA will now internally backtest itself with all possible input parameters over the last few weeks and compile a ...

Finding The Most Robust Parameters Using Optimization

Someone suggested rollover causes this. Brokers disable live trading for a few minutes at that time while they reboot/reset(?) their systems. Does that make sense?

Understanding Spread per Time-of-Day

Yes, to that I can agree. That is exactly what I did in post #41. The top graph shows the original strategy (i.e. opposite direction of the previous bar). The middle graph inverts the logic (i.e. going with the direction of the previous bar). The ...

DOSI: Daily Open Strategy Improved

MT4-EA, you are side stepping my remark by just making a lot of other statements?! Indeed. However, I responded specifically to this remark you made: "an absolute one way direction of at least 110 pips from Open to Close within one day is a good ...

DOSI: Daily Open Strategy Improved

If you set the MaxOpenTrades input parameter to 1, and use TakeProfitPips and StopLossPips to specify when to exit the trade, then you are basically telling the EA not to use recovery trades and only rely on the accuracy of the 1st opening trade. I ...

DOSI: Daily Open Strategy Improved

Thanks for the suggestion. I have heard this idea more often, however, I never understood this. Each pair has its own character. Some have large trends, others are more ranging with an occasional regime shift to a new mean, CHF has been regulated to ...

Finding The Most Robust Parameters Using Optimization

I am not sure what you mean here. When the EA opens a new trade you want it to close another trade? Then we can just as well do nothing, because our market position remains the same. Unfortunately, I feel this EA does not really have an "edge". It ...

DOSI: Daily Open Strategy Improved

Oh, I can't remember. Probably just the defaults. Keep in mind that the MaxDrawdownPercent depends on the equity, while the LotSize can be fixed. To replicate the exact results from post #1, please try again with a 10,000 starting balance to see if ...

DOSI: Daily Open Strategy Improved

Not sure what that means?! There are several EA's in this thread you can download that implement the exact rules. Just click the paperclip icon at the top to find. If you are looking for a free downloadable EA based on DOS with several improvements, ...

DOS. Daily Open Strategy. Easy To Trade, Simple To Win (EA..soon)

Looking good, Ihlas! Did you use the original rules from post #1, or did you make improvements?

Simple Mean Reversion

Indeed! And so can the MC simulation. The Walk Forward Analysis can be done more efficiently given enough memory/storage. If we can persist the internal state of the EA and indicators, and all open trades at the end of the test interval, we can ...

Finding The Most Robust Parameters Using Optimization

Thank you, I think I know what OOS is. Perhaps you have a different understanding how to use the OOS data? What is a live market today, can be an OOS backtest tomorrow. Please have a look at the diagram in post #10. The green blocks named "Test" are ...

Finding The Most Robust Parameters Using Optimization

Perhaps I am not creative enough. Please name 10 parameter-less rules that make sense for building strategies. Hahaha, of course not. I was just introducing the paragraph about discretionary trading. I was not implying I am having the same skills. ...

Finding The Most Robust Parameters Using Optimization

Ok, I'll bite ;-) What makes you think the systems are over-fitted? There are mathematical methods to calculate your data-mining bias. I already mentioned the book "Evidence-Based Technical Analysis" by Aronson. He describes how to test against the ...

Finding The Most Robust Parameters Using Optimization

I see. So you suggest to try to combine strategies in a portfolio that maximizes the Risk Adjusted Return found by MC simulation. I see how that forces the portfolio to be diversified, so it will probably include strategies with parameters that are ...

Finding The Most Robust Parameters Using Optimization