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1 (edited by Grifter 2022-07-06 18:21:29)

Topic: Thoughts on how to Improve this strategy?

Any thoughts on how to improve this strategy? By improvement i mean higher net balance, finding more profitable trades, better exit strategy, lower draw down, ect.

EA Logic is as follows:

Opening (Entry Signal)
Open a new long position or add to an existing position or reverse a short position at Lower Band of Donchian Channel* (8, 2) when:

logical group (C) is satisfied:
MACD Histogram* (Exponential, Weighted, Exponential, 48, 5, 42) changes its direction upward; and
Commodity Channel Index (Simple, Open, 94, 1.000) rises; and
ADX* (Weighted, Bar range, 104) rises; and
the Choppiness Index* (12, 73) is lower than the level line; and
Commodity Channel Index* (Simple, Typical, 92, 0.031) is higher than the Level -98.


or logical group (B) is satisfied:
Commodity Channel Index (Simple, Open, 94, 1.000) rises; and
Money Flow Index* (1) crosses the Level 50 upward [GBPJPY H4]; and
Trix MA Oscillator (Smoothed, Smoothed, Open, 4, 13) rises; and
ADX* (Weighted, Bar range, 104) rises; and
the Choppiness Index* (12, 73) is lower than the level line; and
Commodity Channel Index* (Simple, Typical, 92, 0.031) is higher than the Level -98.


or logical group (D) is satisfied:
Commodity Channel Index (Simple, Open, 94, 1.000) rises; and
the bar opens above the Vidya Moving Average* (High, 62, 16) after opening below it; and
ADX* (Weighted, Bar range, 104) rises; and
the Choppiness Index* (12, 73) is lower than the level line; and
Commodity Channel Index* (Simple, Typical, 92, 0.031) is higher than the Level -98.



Open a new short position or add to an existing position or reverse a long position at Upper Band of Donchian Channel* (8, 2) when:


logical group (C) is satisfied:
MACD Histogram* (Exponential, Weighted, Exponential, 48, 5, 42) changes its direction downward; and
Commodity Channel Index (Simple, Open, 94, 1.000) falls; and
ADX* (Weighted, Bar range, 104) rises; and
the Choppiness Index* (12, 73) is lower than the level line; and
Commodity Channel Index* (Simple, Typical, 92, 0.031) is lower than the Level --98.


or logical group (B) is satisfied:
Commodity Channel Index (Simple, Open, 94, 1.000) falls; and
Money Flow Index* (1) crosses the Level 50 downward [GBPJPY H4]; and
Trix MA Oscillator (Smoothed, Smoothed, Open, 4, 13) falls; and
ADX* (Weighted, Bar range, 104) rises; and
the Choppiness Index* (12, 73) is lower than the level line; and
Commodity Channel Index* (Simple, Typical, 92, 0.031) is lower than the Level --98.


or logical group (D) is satisfied:
Commodity Channel Index (Simple, Open, 94, 1.000) falls; and
the bar opens below the Vidya Moving Average* (High, 62, 16) after opening above it; and
ADX* (Weighted, Bar range, 104) rises; and
the Choppiness Index* (12, 73) is lower than the level line; and
Commodity Channel Index* (Simple, Typical, 92, 0.031) is lower than the Level --98.
Closing (Exit Signal)
Close an existing long position at Upper Band of Envelopes* (Weighted, Median, 11, 1.17).

Close an existing short position at Lower Band of Envelopes* (Weighted, Median, 11, 1.17).

Handling of Additional Entry Signals**
Entry signal in the direction of the present position:

Add to the position no matter if it is at a profit or loss. Do not exceed the maximum allowed number of lots to open.
Entry signal in the opposite direction:

Close the existing position and open a new one in the opposite direction using the entry rules.
Trading Size
Trade percent of your account.

Opening of a new position - 1.25% of the account equity.
Adding to a position - 0.5% of the account equity. Do not open more than 100 lots.
Reversing a position - 1.25% of the account equity in the opposite direction.
Apply Martingale money management system with multiplier of 1.33.

Protection
The strategy does not provide a permanent loss limitation.

The strategy does not use a Take Profit.

--------------
* Use the indicator value from the previous bar for all asterisk-marked indicators!
** The averaging rules apply to the entry signals only. Exit signals close a position. They cannot open, add or reduce one.

Top

Strategy Properties
Handling of Additional Entry Signals
Next same direction signal behavior - Adds to the position
Next opposite direction signal behavior - Reverses the position

Trading Size
Trade percent of your account. The percentage values show the part of the account equity used to cover the required margin.

Maximum number of open lots - 100
Number of entry lots for a new position - 1.25% of the account equity
Martingale money management multiplier - 1.33
In case of addition - number of lots to add - 0.5% of the account equity

Protection
Stop Loss - None
Take Profit - None
Break Even - None



Unlike most people I've actually attached the EA. I don't know how anyone expects to improve their trading strategy simply based on the balance/equity chart when we know nothing about the logic of the trading strategy. Seems to work with EURJPY as well, not as good but still remains profitable. Main things I would like to improve is finding more trades and a better exit strategy mainly

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