Topic: $10k TO $27k in EURUSD from June 6 to Sept 12.
Hi --
This strategy grew a 10K account to just under 27K from June 6 to Sept 12 2008 trading EURUSD. It had a 100 pip per position stop loss rule, max drawdown of 25% of starting capital, and sells everything at the end of the week.
I'd appreciate any comments or suggestions on it. I'm new to this, but almost trebling my money in 3 months with drawdown and stop loss protection seems pretty good to me. But I'm new at this, so please be kind.
I'd also appreciate any comments or suggestions on how to use a strategy like this with trading software that does not allow me to incorporate it. My trading software has pivot points, and Williams %R, but not a CCI oscillator -- only a plain CCI function. And my indicators do not allow some of the smoothing and other adjustments the FSB software used.
So I can approximate what this strategy did and then trade it by hand, or I guess I can go back and eliminate the smoothing and other things my software can't do and then see how well the strategy works after I "dumb it down"?
Thanks in advance for any comments and assistance --
ericjt
Forex Strategy Builder v2.6.1.4
Strategy name: ET1 -- 10K-27K 3mo EURUSD
Exported on: 9/19/2008 1:31:31 PM
Description
Automatically generated on 9/19/2008 at 3:56 AM.
Generated for: 8 minutes and 0 seconds. Cycles: 1151.
Market: EURUSD 5 Minutes
Spread: 4 pips
Swap Long: 1 pip
Swap Short: -1 pip
Slippage: 0 pips
Use account % for margin round to whole lots
Maximum open lots: 20
Entry lots: 1% of the account for margin
Adding lots: 1% of the account for margin
Reducing lots: 1% of the account for margin
Intrabar scanning: Not accomplished
Interpolation method: Pessimistic scenario
Ambiguous bars: 0
Tested bars: 19777
Balance: 16842 pips
Minimum account: -1459 pips
Maximum drawdown: 1459 pips
Time in position: 85 %
A same direction signal - Adds to a winnig position
An opposite direction signal - Does nothing
Permanent Stop Loss - -100
[Opening point of the position]
Pivot Points
Enter long at R1 (short at S1)
Base price - Previous bar range
Use previous bar value - Yes
[Opening logic condition]
Oscillator of CCI
The Oscillator falls
Smoothing method - Smoothed
Base price - Median
First CCI period - 183
Second CCI period - 38
Use previous bar value - Yes
[Opening logic condition]
Moving Average
The Moving Average rises
Smoothing method - Simple
Base price - Weighted
Period - 61
Shift - 131
Use previous bar value - Yes
[Opening logic condition]
Williams' Percent Range
The %R is lower than the Level line
Smoothing method - Exponential
Period of %R - 46
Smoothing period - 68
Level - -74
Use previous bar value - Yes
[Closing point of the position]
Week Closing
Exit the market at the end of the week
Base price - Close