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Forex Software → Technical Indicators → Long or Short with moving average
I am working on a strategy that uses a moving average of the high and moving average of the low. Basically you will only open long if the position is above the moving average of the high and go short below the moving average of the low.
It is possible to do these as a separate long and short strategies using the Long or Short indicator but does anyone have any idea how I can combine them into one strategy?
I am not too sure about this... what about using logical groups.? and using the 'long or short' indicator
I did try that but couldn't get my head around the logic. Here is the strategy so far:-
Strategy name: EURUSD4hourRaghee
Forex Strategy Builder v2.67.3.0 Beta
Exported on: 27/03/2012 2:11:39 PM
Description:
(This description might be outdated!)
Automatically generated on 25/03/2012 12:53 PM.
Out of sample testing, percent of OOS bars: 33%
Balance: 10376.00 USD (7/03/2011 1:45 PM Bar: 13399)
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Modified by the strategy generator on 25/03/2012 5:03 PM.
Out of sample testing, percent of OOS bars: 33%
Balance: 22685.00 USD (7/03/2011 1:45 PM Bar: 13399)
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Modified by the strategy generator on 25/03/2012 6:17 PM.
Out of sample testing, percent of OOS bars: 33%
Balance: 24753.00 USD (7/03/2011 1:45 PM Bar: 13399)
Market: EURUSD 4 Hours
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: 10.00
Slippage in pips: 0
Maximum open lots: 99.00
Entry lots: 1.00
Intrabar scanning: Not accomplished
Interpolation method: Pessimistic scenario
Ambiguous bars: 0
Tested bars: 15850
Balance: 79177 pips (89177.00 USD)
Minimum account: -7612 pips (2388.00 USD)
Maximum drawdown: 11245 pips (11245.00 USD)
Time in position: 66 %
[Strategy Properties]
A same direction signal - Does nothing
An opposite direction signal - Closes the position
Permanent Stop Loss - 2185
Permanent Take Profit - 4230
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]
Moving Average
[ A ] The position opens above the Moving Average
Smoothing method - Exponential
Base price - High
Period - 34
Shift - 0
Use previous bar value - Yes
[Opening Logic Condition]
Heiken Ashi
[ A ] White H.A. bar
Base price - High, Low, Open, Close
Use previous bar value - Yes
[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 - 27
Slow MA period - 46
Fast MA shift - 0
Slow MA shift - 0
Use previous bar value - Yes
[Opening Logic Condition]
Long or Short
[ A ] Open long positions only
[Closing Point of the Position]
Trailing Stop
Exit at the Trailing Stop level
Trailing mode - Trails once a bar
Trailing Stop - 3202
A friend of mine uses this strategy and swears by it. Results for longs look like they have some promise. It is called the Raghee Wave, just do an internet search and you will find all the details.
I have traded with the 'Raghee Wave', interesting to see you trying to automate it.
I will see if I can make something worthwhile, I will let you know.
I notice that when I try to use 'long or short' the generator seems to work with the 'A' group only..... doesn't seem to be working with 'B', I will let it run overnight and see what results by morning.
BTW there is a new version of FSB
no luck...... I can not duplicate your results..
Here is the XML file.
[Opening Logic Condition]
Long or Short
[ A ] Open long positions only
What it happens when you allow short positions? Switch on Close Price on Balance chart to see if the market is not rising during the period.
This chart is with short positions only. The problem is I need to change high to low in the moving average term so I only go short if the position is below the moving average of the low when going short.
Hi SpiderMan,
Is this the type of waveform your looking for.
Mick
Hey Mick
That logic is nearly correct. The moving average of the low should have the condition "the bar opens above the moving average" as when it looks for a short it does the reverse.
The only problem is that when that is corrected it makes less profit! Longs only do very well as you can see from my equity chart. Normally I find that longs and shorts are relatively equal. In this case the shorts are diabolical that's why I am not sure that the logic is working correctly.
Thanks for the xml file, I will play with it a bit and see what I can come up with.
Cheers
Hi SpiderMan,
Try this, I think its somewhere near what your asking for, Long above the high MA short below the low MA. Hope it helps.
I also have a second which has a centre MA and opens between the centre and top for Long and centre and bottom for short.
Mick
Here's the second. Hope one of them is of use.
Mick
I added a simple WTF filter of 1 day to identify the trend. Now works both long and short. Thanks for the ideas and suggestions.
Wasn't sure if I should open a new topic but as this is relevant to this item I've placed it here.
I have modified the steady band to H L C MA and changed the margin setting to allow independant addition to the high and subtraction to the low so you can widen the bands.
As it has all filter options it looks very useful.
Mick
Forex Software → Technical Indicators → Long or Short with moving average
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