forex software

Create and Test Forex Strategies

forex software

Skip to forum content

Forex Forum

Forex Software, Forex Strategies, Expert Advisors Generator

You are not logged in. Please login or register.


Forex Forum → Forex Strategies → WILL THIS WORK ? ? ?

Pages 1

You must login or register to post a reply

RSS topic feed

Posts: 3

Topic: WILL THIS WORK ? ? ?

MUCH BETTER RESULTS WITH DATA REFINING ON . . . SHOULD IT BE ON OR OFF ? ? ?


Market: EURUSD 5 Minutes
Spread: 4 pips
Swap Long: 1 pip
Swap Short: -1 pip
Slippage: 0 pips

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

Intrabar scanning: Not accomplished
Interpolation method: Pessimistic scenario
Ambiguous bars: 0
Tested bars: 19986
Balance: 2000 pips
Minimum account: 0 pips
Maximum drawdown: 11 pips
Time in position: 77 %

A same direction signal - Does nothing
An opposite direction signal - Does nothing
Permanent Stop Loss - None

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

[Opening logic condition]
Money Flow
     The Money Flow rises
     Use previous bar value  -  Yes

[Opening logic condition]
On Balance Volume
     The On Balance Volume rises
     Use previous bar value  -  Yes

[Opening logic condition]
Parabolic SAR
     The price is higher than the PSAR value
     Starting AF  -  0.02
     Increment  -  0.02
     Maximum AF  -  2

[Opening logic condition]
Keltner Channel
     The bar opens below the Up Band
     Smoothing method  -  Exponential
     Base price  -  Close
     MA period  -  12
     ATR period  -  4
     ATR multiplier  -  2
     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]
Top Bottom Price
     The bar closes above the top price
     Base price  -  High & Low
     Base period  -  Previous week
     Price shift  -  25

My birth was not earned, though with every choice I spend my life and what about the favor of death I found without any particular effort, Thank You ! ! !

Re: WILL THIS WORK ? ? ?

Market: EURUSD 5 Minutes
Spread: 4 pips
Swap Long: 1 pip
Swap Short: -1 pip
Slippage: 0 pips

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

Intrabar scanning: Not accomplished
Interpolation method: Pessimistic scenario
Ambiguous bars: 0
Tested bars: 19986
Balance: 4296 pips
Minimum account: 0 pips
Maximum drawdown: 12 pips
Time in position: 74 %

A same direction signal - Adds to a winnig position
An opposite direction signal - Does nothing
Permanent Stop Loss - None

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

[Opening logic condition]
Money Flow
     The Money Flow rises
     Use previous bar value  -  Yes

[Opening logic condition]
On Balance Volume
     The On Balance Volume rises
     Use previous bar value  -  Yes

[Opening logic condition]
Parabolic SAR
     The price is higher than the PSAR value
     Starting AF  -  0.02
     Increment  -  0.02
     Maximum AF  -  2

[Opening logic condition]
Keltner Channel
     The bar opens below the Up Band
     Smoothing method  -  Exponential
     Base price  -  Close
     MA period  -  12
     ATR period  -  4
     ATR multiplier  -  2
     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]
Top Bottom Price
     The bar closes above the top price
     Base price  -  High & Low
     Base period  -  Previous week
     Price shift  -  25

My birth was not earned, though with every choice I spend my life and what about the favor of death I found without any particular effort, Thank You ! ! !

Re: WILL THIS WORK ? ? ?

MUCH BETTER RESULTS WITH DATA REFINING ON . . . SHOULD IT BE ON OR OFF ? ? ?

The data refining function removes the close-open gaps between the bars. It moves the current bar Open price towards the previous bar Close price.

In a 24x7 market the price should flow smoothly  (except in a fast market) and gaps are unusual. I've noticed gaps appears in some brokers' data especially in the small time frames 1 - 5 minutes even in a slow market. It seams the problem is in the broker's software.

The usage of "Data refining" function is up to you. It is switched off by default. It can affect the test results when the strategy includes indicators that use the true range or the Opening bar price.

**

About your strategies, they do not use any type of loss limitation. This is very risky. Try adding  a "Permanent Stop Loss" or make the strategy reversible (Set  the opposite direction signal behaviour to reverse or close).

Posts: 3

Pages 1

You must login or register to post a reply

Forex Forum → Forex Strategies → WILL THIS WORK ? ? ?

Similar topics in this forum