Forex Software — Simple 1h EURUSD strategy

Re: Simple 1h EURUSD strategy

null@example.com (altamar) — Tue, 13 Sep 2011 11:33:44 +0000

Thanks, it works.

On MT4 > F2 I download the history on for the currency pair, then save the data and modify on FSB menu Market> Data horizon.

Re: Simple 1h EURUSD strategy

null@example.com (zenoni) — Tue, 13 Sep 2011 10:15:12 +0000

On FSB menu go to MARKET -> data horizon.

Note! it seems that you don't have such a data available in your FSB. Please check this. http://forexsb.com/wiki/fsb/metatrader_data

Re: Simple 1h EURUSD strategy

null@example.com (altamar) — Tue, 13 Sep 2011 09:59:58 +0000

Dear zenoni,

good suggestions, good strategy.
On my FSB this strategy appears with 9118 number of bars, how can I modify it to 29746 as you made?

Re: Simple 1h EURUSD strategy

null@example.com (Blaiserboy) — Sat, 10 Sep 2011 18:41:08 +0000

I have learned a few times the danger of ignoring risk, much to my detriment

Re: Simple 1h EURUSD strategy

null@example.com (zenoni) — Sat, 10 Sep 2011 18:24:48 +0000

This is a good example how dangerous is overleveraging. On 1000 EUR accoun the expected drawdown is 2,6%, but changing a lot size from 0.01 to 0.1 will make it 5587, but the drawdonw is 21,6%.

You need 10 000 EUR account to maintain 2,6% drawdown.

Re: Simple 1h EURUSD strategy

null@example.com (zenoni) — Sat, 10 Sep 2011 18:10:22 +0000

If I generate a strategy I try to acieve one of these:

1. trending strategy - exclude sideways market
2. sidweays strategy - exclude trending market

I try to make several exclusions so that the strategy only trade in sideways or trending market not both.

This strategy is just a experiment with Top Bottom Price indicator on previous week bottom.

Re: Simple 1h EURUSD strategy

null@example.com (Blaiserboy) — Sat, 10 Sep 2011 17:55:03 +0000

Question:

What do you feel to be ideal time in position.....?

I just wonder your views as I don't think there to be a 'right' answer.

*****************************

some investment people use three instances of force index as a preliminary to screening for their holdings.

Simple 1h EURUSD strategy

null@example.com (zenoni) — Sat, 10 Sep 2011 17:49:02 +0000

Sometimes when I try different ideas I get very simple strategies. There are only a few trades, but the time in position is 23%.

Some traders think that only simple ideas will play out, not overcomplicated fancy ideas. Simple is beautiful!

Strategy name: Simple
Forex Strategy Builder v2.64.0.0
Exported on: 10.09.2011 20:44:24

Modified by the strategy generator on 10.09.2011 20:29.
Out of sample testing, percent of OOS bars: 30%
Balance: 1324,15 EUR (2.04.2010 13:00 Bar: 20822)

Market: EURUSD 1 Hour
Spread in pips: 20,00
Swap Long in pips: 2,00
Swap Short in pips: -2,00
Commission per lot at opening and closing in pips: 0,00
Slippage in pips: 10

Maximum open lots: 0,01
Entry lots: 0,01
Adding lots: 0,01
Reducing lots: 0,01

Intrabar scanning: Not accomplished
Interpolation method: Pessimistic scenario
Ambiguous bars: 0
Tested bars: 29729
Balance: 635 pips (1458,66 USD)
Minimum account: -21 pips (984,03 USD)
Maximum drawdown: 49 pips (34,88 USD)
Time in position: 23 %

[Strategy Properties]
A same direction signal - Does nothing
An opposite direction signal - Does nothing
Permanent Stop Loss - 650
Permanent Take Profit - 3000
Break Even - None

[Opening Point of the Position]
Top Bottom Price
Enter long at the bottom price
Base price - High & Low
Base period - Previous week
Vertical shift - 0

[Opening Logic Condition]
Moving Average
[ A ] The bar opens above the Moving Average after opening below it
Smoothing method - Weighted
Base price - Median
Period - 14
Shift - 0
Use previous bar value - Yes

[Opening Logic Condition]
Force Index
[ A ] The Force Index changes its direction upward
Smoothing method - Smoothed
Base price - Open
Period - 13
Use previous bar value - No

[Closing Point of the Position]
Envelopes
Exit long at the Lower Band
Smoothing method - Simple
Base price - Typical
MA period - 14
Deviation % - 1,00
Use previous bar value - Yes