1 (edited by pipstealer 2012-11-16 10:43:48)

Topic: Daily EURUSD < 10% DD

Hi all,

This is a modification on popov's daily fractal strategy. i added 2 extra indicators which  have greatly increased the profit and only adding an extra few % in draw down. the amount of trades this strategy here took compared to the original is very similiar we just capture a better entry and exit point which is where the extra pips are coming from. i have used a higher spread than most would actually see to make sure the profit levels are not being to greatly exaggerated

Strategy name: day
Forex Strategy Builder v2.72.0.0
Exported on: 16/11/2012 7:34:55 PM

This is an "empty" strategy.

You can use it as a base to build your strategy from scratch.

Feel free to experiment!

You can set the opening and the closing point of the position, add opening or closing logic conditions, and adjust the strategy properties.

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 1 Day
Spread in pips: 6.00
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: 0

Maximum open lots: 20.00
Entry lots: 1.00

Intrabar scanning: Accomplished
Interpolation method: Pessimistic scenario
Ambiguous bars: 1
Tested bars: 5686
Balance: 140293 pips (150293.00 USD)
Minimum account: -3806 pips (6194.00 USD)
Maximum drawdown: 10477 pips (10477.00 USD)
Time in position: 71 %

[Strategy Properties]
     A same direction signal - Does nothing
     An opposite direction signal - Closes the position
     Permanent Stop Loss - None
     Permanent Take Profit - None
     Break Even - None

[Opening Point of the Position]
     Enter long at an Up Fractal
     Visibility  -  The fractal is visible
     Vertical shift  -  0

[Opening Logic Condition]
     Donchian Channel
     The bar opens below the Upper Band
     Base price  -  High & Low
     Period  -  10
     Shift  -  0
     Use previous bar value  -  Yes

[Closing Point of the Position]
     Bar Closing
     Exit the market at the end of the bar
     Base price  -  Close

[Closing Logic Condition]
     The Slow %D crosses the Level line downward
     Smoothing method  -  Simple
     %K period  -  20
     Fast %D period  -  3
     Slow %D period  -  3
     Level  -  25
     Use previous bar value  -  No

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Re: Daily EURUSD < 10% DD

I puted same contitions as yours but the results were not the same . In fact there were very bad.