1 (edited by Mazahaka 2010-12-29 15:27:56)

Topic: BB+Vol_m5

The "Opening Point of the Position" slot shows the price, at which the strategy enters the market and adds/removes from an open position. We enter the market at a price level determined by an indicator value or by time ("Bar Opening" for example). However, before we open position we need confirmation from the "Opening Logic Condition" slots.

The "Opening Logic Conditions" basically tell you whether to enter the market or not when the entry price has been reached. They also determine the position's direction (whether we enter short or long). There is no any "Opening Logic Condition" in this strategy and that leads to undetermined entry direction.   Because of that the program doesn’t open positions during the backtest.

The "Closing Point of the Position" sets the exit price. If you set it at "Bar Closing", you can add "Closing Logic Conditions". They will block the exit until at least one of them is fulfilled. If you do not use "Closing Logic Conditions", the position will be closed when the "Closing Point" is reached.

The Strategy Overview explains the strategy logic in an additional window and can be exported to a file.

Look in the forum for help or more information on creating forex strategies.

Remember! The strategy slots describe the long position logic only. Forex Strategy Builder will set the short position logic automatically using the same logic but in the opposite direction.

Market: EURUSD 5 Минуты
Spread in pips: 20
Swap Long in pips: 2
Swap Short in pips: -2
Commission per lot at opening and closing in pips: 0
Slippage in pips: 0

Maximum open lots: 20
Entry lots: 1
Adding lots: 1
Reducing lots: 1

Intrabar scanning: Accomplished
Interpolation method: Пессимистический сценарий
Ambiguous bars: 0
Tested bars: 19977
Balance: 26839 pips (36839,00 USD)
Minimum account: -391 pips (9609,00 USD)
Maximum drawdown: 2860 pips (2860,00 USD)
Time in position: 65 %

A same direction signal - Adds to the position
An opposite direction signal - Reverses the position
Permanent Stop Loss - 1000
Permanent Take Profit - None

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

[Opening Logic Condition]
Bollinger Bands
     The bar opens above the Lower Band after opening below it
     Smoothing method  -  Simple
     Base price  -  Close
     MA period  -  20
     Multiplier  -  2,00
     Use previous bar value  -  Yes

[Opening Logic Condition]
     The Volume rises
     Level  -  500
     Use previous bar value  -  Yes

[Closing Point of the Position]
Take Profit
     Exit at the Take Profit level
     Take Profit  -  300

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BB+VOL_M5.xml 4.68 kb, 167 downloads since 2010-12-29 

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Re: BB+Vol_m5

Nice. I may try this strategy on live.

I played with some settings and changed the entry lot for new position to 1% and in case of addition to 50%, reduced the S/L to 300 Pip's.

It turned 3000 into 42,000 in the same time space.

Seems a little bit safer to attempt.

Re: BB+Vol_m5

ok,good luck  .

Re: BB+Vol_m5

I have it running on a live micro account, with ADX as an additional indicator. I also optimized and tweaked settings further which brought it up to 3.5k-69k.

I'll post results after a month if your interested?

Re: BB+Vol_m5

Of course, yes, I am very interested!
skype : rostov-on-don777

Re: BB+Vol_m5

I try this in the demo
But it seems that this strategy doesn't work
cause you need to wait the bar close then get the volume...

Re: BB+Vol_m5

hi Mazahaka

Thanks for posting smile

I have run your strategy and I am not getting the same results sad

does anyone else find that this strategy is not working? or is it just my system

Re: BB+Vol_m5

No joy for me either, but I wouldn't be putting ten thou to start on it either.

Re: BB+Vol_m5

I modified the strategy a bit ( increased profit reduced SL  and changed the position size )  this started to yield positive results....
the strategy has some merit and good logic behind, it's strange that we getting results that differ so much from each other... i think if i play more with the lot size i might get results closer to yours 
once again thanks for sharing Mazahaka smile