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Posts: 8

Topic: My Best 4577 pip EUR/USD 5 minute Strategy

Simple but Effective!

------------------------------------------
Forex Strategy Builder v2.5.3.1
Strategy name: BestLong5Min
Exported on: 10/5/2007 12:19:53 PM

Market: EURUSD 5 Minutes
Spread: 4 pips
Swap Number: 1 pip

Intrabar scanning: Not accomplished
Interpolation method: Pessimistic scenario
Ambiguous bars: 0
Tested bars: 19998
Balance: 4577 pips
Minimum account: 0 pips
Maximum drawdown: 0 pips
Time in position: 97 %

A same direction signal - Adds to the position
An opposite direction signal - Does nothing

[Opening point of the position]
Day Opening
     Enter the market at the beginning of the day
     Base price  -  Open

[Opening logic condition]
Previous High Low
     The position opens below the previous High
     Base price  -  High & Low

[Closing point of the position]
Take Profit
     Exit at the Take Profit level
     Take Profit  -  114

Cogito Ergo Sum

2 (edited by ccjuce 2007-10-05 18:38:46)

Re: My Best 4577 pip EUR/USD 5 minute Strategy

Ops! Are you sure?

Forex Strategy Builder v2.5.3.1
Strategy name: New
Exported on: 10/5/2007 8:34:54 PM

Market: EURUSD 5 Minutes
Spread: 4 pips
Swap Number: 1 pip

Intrabar scanning: Not accomplished
Interpolation method: Pessimistic scenario
Ambiguous bars: 0
Tested bars: 19998
Balance: -2279 pips
Minimum account: -4114 pips
Maximum drawdown: 4114 pips
Time in position: 97 %

A same direction signal - Adds to the position
An opposite direction signal - Does nothing

[Opening point of the position]
Day Opening
     Enter the market at the beginning of the day
     Base price  -  Open

[Opening logic condition]
Previous High Low
     The position opens below the previous High
     Base price  -  High & Low

[Closing point of the position]
Take Profit
     Exit at the Take Profit level
     Take Profit  -  114


What does BestLong5Min mean?  Do you open long only?

Re: My Best 4577 pip EUR/USD 5 minute Strategy

I couldn't figure out how your result was so different than mine.
I finally found out mine had 'Data Refining' checked under the 'market' tab at the top left of page.
When I unchecked it & re-optimized, I got -4406 pips instead.
Sorry for the false alarm.
I'm a newbie & this was my first Strategy post.
Thanks for catching my error.

Cogito Ergo Sum

Re: My Best 4577 pip EUR/USD 5 minute Strategy

Here is another Strategy that is almost as good.
--------------------------------------------------------

Forex Strategy Builder v2.5.3.1
Strategy name: Good
Exported on: 10/5/2007 4:18:49 PM

Market: EURUSD 5 Minutes
Spread: 4 pips
Swap Number: 1 pip

Intrabar scanning: Not accomplished
Interpolation method: Pessimistic scenario
Ambiguous bars: 0
Tested bars: 19993
Balance: 3251 pips
Minimum account: 0 pips
Maximum drawdown: 0 pips
Time in position: 87 %

A same direction signal - Adds to the position
An opposite direction signal - Does nothing

[Opening point of the position]
Day Opening
     Enter the market at the beginning of the day
     Base price  -  Open

[Opening logic condition]
Price Oscillator
     The Price Oscillator crosses the Level line downward
     Smoothing method  -  Simple
     Base price  -  Close
     Period  -  5
     Additional Smoothing  -  0
     Level  -  -1.455192E-11
     Use previous bar value  -  Yes

[Closing point of the position]
Take Profit
     Exit at the Take Profit level
     Take Profit  -  173

Cogito Ergo Sum

Re: My Best 4577 pip EUR/USD 5 minute Strategy

Hello dan9mar,
Do not worry, this is not your fault.

Sometimes the result is wrong because of the difficulties with the float numbers comparison.

Here is a part of a discussion about that:

Floating point math is not exact. Simple values like 0.2 cannot be precisely represented using binary floating point numbers, and the limited precision of floating point numbers means that slight changes in the order of operations can change the result. Different compilers and CPU architectures store temporary results at different precisions, so results will differ depending on the details of your environment. If you do a calculation and then compare the results against some expected value it is highly unlikely that you will get exactly the result you intended.

The full article is here: http://www.cygnus-software.com/papers/comparingfloats/comparingfloats.htm
 
This error appears extremely rare in FSB because of the logic:
f1 is higher than f2 when f1 > f2 + point/2

Normally "Previous High Low" has to be used with a technical indicator like MA in the entry slot.

In your strategy the entry point is equal to the bar opening:

[Opening point of the position]
Day Opening
     Enter the market at the beginning of the day
     Base price  -  Open

And you use the entry filter:
The position opens below the previous High

In this case the position opens at the "Day Opening" that is equal to "Bar Opening" when this bar is the first one for the current day.
Normally Open Price = Close Price (bar - 1);  (when "data refining" is on this is always true) 

The logic of the strategy is like this:
"Data refining" - off
   Open long  at the first price of the day when this price is lower than the previous high (there is no gaps between the bars)
   Open short at the first price of the day when this price is higher than the previous low (there is no gaps between the bars)

When  "Data refining" - on ( there are no gaps between the bars)
  Open long  at the first price of the day when the previous bar hasn't got upper shadow
  Open short at the first price of the day when the previous bar hasn't got lower shadow

I can assume that the result of your strategy comes from a float numbers comparison bug when FSB compares the open price of the current bar and the previous bar highest price when they are equal each other.

Re: My Best 4577 pip EUR/USD 5 minute Strategy

Hi,
I'm new here.
Where can I find this strategy. I mean to download if it's allowed
Thank you

Re: My Best 4577 pip EUR/USD 5 minute Strategy

he has posted the particulars in a post above this one, just enter them into your FST

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: My Best 4577 pip EUR/USD 5 minute Strategy

Hi dan9mar

I notice that you are using an old version of Strategy Builder. I would suggest you go to the download page and grab the latest version which is 2.68.2.

If you want to take long positions only you can add "Long or Short" as an opening logic condition and select which direction you want to trade. I have found that a number of currency pairs don't have symmetrical characteristics and different parameters work better for going long and going short even though the overall strategy remains the same.

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