1 Topic by Graper 71 (edited by Graper 71 2011-10-04 11:55:07)

  • From: Italy
  • Registered: 2011-09-27
  • Posts: 4

Topic: New eurusd simple 30M strategy

Hi Traders,

I'm new in forex and I've discovered this simple strategy on eurusd 30M timeframe using this amazing strategy builder software.
I'd like to know if it's reliable, and I'll be glad to read your opinions and suggestions about this strategy.

Strategy name: Simple eurusd 30M strategy
Forex Strategy Builder v2.64.0.0
Exported on: 04/10/2011 12.53.42

Description:
(This description might be outdated!)

Market: EURUSD 30 Minutes
Spread in pips: 2,00
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: 1

Maximum open lots: 0,10
Entry lots: 0,10
Adding lots: 0,10
Reducing lots: 0,10

Intrabar scanning: Not accomplished
Interpolation method: Pessimistic scenario
Ambiguous bars: 0
Tested bars: 49942
Balance: 12305 pips (9741,79 USD)
Minimum account: -242 pips (825,18 USD)
Maximum drawdown: 473 pips (373,04 USD)
Time in position: 29 %

[Strategy Properties]
     A same direction signal - Does nothing
     An opposite direction signal - Reverses the position
     Permanent Stop Loss - 250
     Permanent Take Profit - None
     Break Even - None

[Opening Point of the Position]
     Bar Opening
     Enter the market at the beginning of the bar
     Base price  -  Open

[Opening Logic Condition]
     Previous Bar Opening
     The bar opens below the previous Bar Opening
     Base price  -  Previous Bar Opening

[Opening Logic Condition]
     Force Index
     The Force Index rises
     Smoothing method  -  Exponential
     Base price  -  Open
     Period  -  56
     Use previous bar value  -  No

[Closing Point of the Position]
     Bar Closing
     Exit the market at the end of the bar
     Base price  -  Close

[Closing Logic Condition]
     On Balance Volume
     The On Balance Volume changes its direction upward
     Use previous bar value  -  No



Have a good trading!

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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: New eurusd simple 30M strategy

I feel that the minimum account number tells us that this strategy has to be revised....., I do not think you would want your $10,000 account to be reduced to $900.00.

Blaiserboy's Website

  • From: Poland
  • Registered: 2011-04-28
  • Posts: 76

Re: New eurusd simple 30M strategy

Hi, I`m afraid I will disapoint you.

Change "Use previous bar value" to True, in ForceIndex, and you will see something opposite, but closer to reality.

  • From: Italy
  • Registered: 2011-09-27
  • Posts: 4

Re: New eurusd simple 30M strategy

Blaiserboy wrote:

I feel that the minimum account number tells us that this strategy has to be revised....., I do not think you would want your $10,000 account to be reduced to $900.00.

Hi Blaiserboy,

Thank you for your observation.
I want only underline that this strategy has a starting account of € 1.000,00 with a maximum drawdown of 17.48%, maybe it means that the minimum account value of € 825,00 is in according with the maximum drawdon percentage of the strategy, as you can see clearly on the equity chart below.

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Equity Chart.jpg
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  • From: Italy
  • Registered: 2011-09-27
  • Posts: 4

Re: New eurusd simple 30M strategy

acerguest wrote:

Hi, I`m afraid I will disapoint you.

Change "Use previous bar value" to True, in ForceIndex, and you will see something opposite, but closer to reality.

Hi acerguest,

Thank you for the tip.
I've considered this fact, but it'snt possible activate the 'use previous' option in the Force Index menu on my pc.. any suggestion??

  • From: Poland
  • Registered: 2011-04-28
  • Posts: 76

Re: New eurusd simple 30M strategy

Hi, that`s very strange.
I guess there must be some bug involved.
Please check if you have checked the 'Autocontrol of use previous bar', this should prevents such errors.
I have it accidently unchecked this yesterday, so I got very unrealistic results, and dd 2%.

When checked in, I cannot reproduce your dd 17.48%.
On standard 20k bars on EUR I have dd 95% (v2.64), please switch to standard 20k, and let me know what results do you have.

  • footon
  • footon
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Re: New eurusd simple 30M strategy

Acerguest, if base price is set to open, previous bar value is not to be used!

  • footon
  • footon
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Re: New eurusd simple 30M strategy

Acerguest, please familiarize yourself with previous bar value and its usage here:
http://forexsb.com/wiki/fsb/manual/use_ … _bar_value

  • From: Italy
  • Registered: 2011-09-27
  • Posts: 4

Re: New eurusd simple 30M strategy

Hi Traders,

I've understood the mistake.. I've used the open base value for the Force Index and in this way FSB cannot allow me to set the option 'use the previus value'.
The matter of the wonderful score achieved by this system is that the tester consider the base open value of the candle next the open trade, reading so the future value.
Instead Using the close value, that maybe is very similar to the open value of the opening position bar, the score of this system change and burn the account..

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  • footon
  • footon
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Re: New eurusd simple 30M strategy

Graper, where's the mistake? If baseprice is open, you don't need to use previous bar's open value!

  • footon
  • footon
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Re: New eurusd simple 30M strategy

http://s2.postimage.org/29wblvl44/frcpbv.jpg

Logic is crosses level up. You see, it is perfectly correct, everything works like it should.

  • From: Australia
  • Registered: 2011-07-01
  • Posts: 431

Re: New eurusd simple 30M strategy

You need to set the correct spread and slippage in the Charges section for 5 digit data.

You have:-

Spread in pips: 2,00
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: 1

It should be:-

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

It makes a big difference, unfortunately it might turn your nice equity curve into a one that goess the other way.