Topic: Help Needed: Unsure why positions are closing
I'm trying to replicate a system I saw in a book for daily charts. I believe I have the entry rules down, but for some reason when I get a signal it is closed out the next day and I can't understand why.
I have looked at the trades and the opposite signal is not triggered, nor is the SL or TP hit. I have tried to link all the opening conditions together when an "And" condition, but does that mean if only one of the 3 becomes false the trade will close?
Any other suggestions for things to check would be appreciated.
A copy of the system is below:
Strategy name: EURUSD_D1
Forex Strategy Builder v2.64.0.0
Exported on: 1/18/2012 8:44:24 PM
Description:
Automatically generated on 1/17/2012 2:47 PM.
Out of sample testing, percent of OOS bars: 50%
Balance: 6670 pips (11/25/2011 8:48 AM Bar: 49999)
Market: EURUSD 1 Day
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: 20
Maximum open lots: 20.00
Entry lots: 1.00
Adding lots: 1.00
Reducing lots: 1.00
Intrabar scanning: Not accomplished
Interpolation method: Pessimistic scenario
Ambiguous bars: 0
Tested bars: 2198
Balance: 2294 pips (12294.00 USD)
Minimum account: -4737 pips (5263.00 USD)
Maximum drawdown: 6278 pips (6278.00 USD)
Time in position: 13 %
[Strategy Properties]
A same direction signal - Adds to a winning position
An opposite direction signal - Reverses the position
Permanent Stop Loss - 5000
Permanent Take Profit - None
Break Even - None
[Opening Point of the Position]
Bar Closing
Enter the market at the end of the bar
Base price - Close
[Opening Logic Condition]
Moving Averages Crossover
[ A ] The Fast MA is lower than the Slow MA
Base price - Close
Fast MA method - Simple
Slow MA method - Simple
Fast MA period - 3
Slow MA period - 20
Fast MA shift - 0
Slow MA shift - 0
Use previous bar value - No
[Opening Logic Condition]
Moving Averages Crossover
[ A ] The Fast MA is lower than the Slow MA
Base price - Close
Fast MA method - Simple
Slow MA method - Simple
Fast MA period - 1
Slow MA period - 1
Fast MA shift - 0
Slow MA shift - 20
Use previous bar value - No
[Opening Logic Condition]
Moving Averages Crossover
[ A ] The Fast MA is higher than the Slow MA
Base price - Close
Fast MA method - Simple
Slow MA method - Simple
Fast MA period - 1
Slow MA period - 1
Fast MA shift - 0
Slow MA shift - 23
Use previous bar value - No
[Closing Point of the Position]
Bar Closing
Exit the market at the end of the bar
Base price - Close