Dear coder,
I cannot code, so I need your help. I would not ask if I had not done some manual backtests with these indicators:
http://www.forexfactory.com/showthread.php?t=222500 -> credits to them
I watched the last 100 trades (one trade in the same pair in one minute in maximum). So the ea just works when large moves occur. In general these moves can start, end or continue a trend.
1)This is the basic system:
A – one signal/per minute/currency is taken: e.g. AUDUSD long 13:34:01 & 13:34:22 – just the first one is taken – but signals in other currencies at 13:34 can be taken
B – for up signals the stop is at candle low (short vice versa)
C – entry for long signals is Candlehigh + Spread + 1pip
D – take profit = 10pips
2)And some results:
109 trades
+176 pips (see picture)
%win: 65
Average loss: 11pips
…but this is not the end:
3)Improvements:
A – usdchf underperforms: you should be able to choose single pairs
B – you should be able to limit maximum open trades
C – SL should be also set in pips to have an smaller SL (breakouts!) - smaller drawdown
D – at X pips profit set SL (once) to X pips (no trailing)
E – trade only Tuesday and Thursday (most profitable) - would have caused 250 extra pips
F – the Stopbuy/sell order is active for only one minute - we want to catch some pips of a strong move - less trades and smaller drawdown
I would be very happy when someone was interested
Regards
merchant
I cannot code, so I need your help. I would not ask if I had not done some manual backtests with these indicators:
http://www.forexfactory.com/showthread.php?t=222500 -> credits to them
I watched the last 100 trades (one trade in the same pair in one minute in maximum). So the ea just works when large moves occur. In general these moves can start, end or continue a trend.
1)This is the basic system:
A – one signal/per minute/currency is taken: e.g. AUDUSD long 13:34:01 & 13:34:22 – just the first one is taken – but signals in other currencies at 13:34 can be taken
B – for up signals the stop is at candle low (short vice versa)
C – entry for long signals is Candlehigh + Spread + 1pip
D – take profit = 10pips
2)And some results:
109 trades
+176 pips (see picture)
%win: 65
Average loss: 11pips
…but this is not the end:
3)Improvements:
A – usdchf underperforms: you should be able to choose single pairs
B – you should be able to limit maximum open trades
C – SL should be also set in pips to have an smaller SL (breakouts!) - smaller drawdown
D – at X pips profit set SL (once) to X pips (no trailing)
E – trade only Tuesday and Thursday (most profitable) - would have caused 250 extra pips
F – the Stopbuy/sell order is active for only one minute - we want to catch some pips of a strong move - less trades and smaller drawdown
I would be very happy when someone was interested
Regards
merchant