• zenoni
  • zenoni
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  • Registered: 2009-10-25
  • Posts: 339

Topic: Simple 1h EURUSD strategy

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!

http://s2.postimage.org/2e7qekxb8/simple.jpg

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

Post's attachments

Simple.xml 4.32 kb, 83 downloads since 2011-09-10 

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  • Blaiserboy
  • Blaiserboy
  • Junior Part-Time Aspiring Space Cadet
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  • From: Toronto
  • Registered: 2010-09-06
  • Posts: 2,849

Re: Simple 1h EURUSD strategy

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.

Blaiserboy's Website

  • zenoni
  • zenoni
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  • Registered: 2009-10-25
  • Posts: 339

Re: Simple 1h EURUSD strategy

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.

  • zenoni
  • zenoni
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Re: Simple 1h EURUSD strategy

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.

  • Blaiserboy
  • Blaiserboy
  • Junior Part-Time Aspiring Space Cadet
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  • From: Toronto
  • Registered: 2010-09-06
  • Posts: 2,849

Re: Simple 1h EURUSD strategy

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

Blaiserboy's Website

  • Registered: 2011-02-01
  • Posts: 13

Re: Simple 1h EURUSD strategy

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?
http://s4.postimage.org/8kdptsh0/Clipboard01.jpg

  • zenoni
  • zenoni
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  • Registered: 2009-10-25
  • Posts: 339

Re: Simple 1h EURUSD strategy

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

  • Registered: 2011-02-01
  • Posts: 13

Re: Simple 1h EURUSD strategy

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.