ALEX AutoTradingBot INDEX

ALEX AutoTradingBot INDEX

This strategy was explained at The Forex Day in Madrid by Lex Smirnoff in 2015. I’m Adolfo so, A-LEX will be a beautiful name for it! :-). Is explained to trade it in GBP/USD in 1 hour chart.
Since I <3 indexes like DAX or DOW couln’d wait to test it. Since March I’m doing discretionary trading on both markets in a real account, with profitable results (38,12%), first trades were made with 7% risk per trade, but I’ll no longer recommend it for you or anyone, it’s crazy!

A lot of entrance were missed by my fault, just wondering about if it’s a good moment or not…. will keep rising? or not? Low confidence took me here, and finally I can share it with you, is already automated. Enjoy it!

Requirements

.ITF file: ALEX ATB Indicator Signal (Click and get it)

Indicator code:

Recomendations

3000 € / $ and max risk of 2% per trade.

Indicators

How it works

Firstly, is a simple trend following system.

Look for a fast price move in whatever direction, this movement must be longer than 45 pips from last touch with Ema8, and then a retracement touching Ema8 will fill our limit order and join the trend.

Fixed Stop ploss and target pprofit give us unreal vision of the strategy in the backtest. However I’ll keep trading it since is profitable for me since March, not as good as backtest results shows, of course… but very interesting… 😉

Why not?

CODE

Best trading ever, Adolfo.

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. DonDollar • 06/03/2016 #

    @joshali,
    I tested the system with the 10.3 and the tick mode in the 3h timeframe for the DAX30 and the result was…I lost 2,45% and a win ratio of 0,8. I tested with the maximum of the 500 units you can use. 
    @Nicolas: could you please run the same test with the same settings to see if there is something wrong.
    BTW: without tick-by-tick it would be marvelous !!!

    • Joachim Nilsson • 06/03/2016 #

      Hey! 
      Would you be able to test in the 15m timeframe?

    • Joachim Nilsson • 06/03/2016 #

      … and maybe this code adjusted for 5m in 5m timeframe?
      defparam cumulateorders=false
      defparam preloadbars=8
      defparam flatbefore=090000
      defparam flatafter=213000

      mycompra, myventa = CALL \"ALEX ATB Indicator\"
      ema=ExponentialAverage[24](close)
      advance=abs(round(ema-ema[3]))
      mylot= 1
      //(((Strategyprofit+3000)*0.02)/30)

      if not longonmarket and Momentum[10](close)>0 and mycompra=1 then
      BuyPrice = ema+advance
      buy mylot contract at BuyPrice limit
      endif

      if not shortonmarket and Momentum[10](close)<0 and myventa=-1 then
      SellPrice = ema-advance
      sellshort mylot contract at sellprice limit

      endif
      set stop ploss 40
      set target pprofit 25

       

  2. wanjpt • 06/03/2016 #

    hi, thanks Adolfo for this code.. is there anyone who has been trading this live? I started this week after few adjustment .. will let you guys know how it goes..

    • Alco • 06/03/2016 #

      Hi wanjpt,
      I did a lot of backtests with different tf’s but when you look at the “0” bars it is not reliable enough. Did you make some adjustements to avoid 0 bars?

  3. wanjpt • 06/03/2016 #

    Hi Alco,
    Sorry for late reply, I had error message and tried  the objectivo on 45, 39 and 40 but still having the error..wonder if there is anyone who has found  a way to resolve this.

  4. wanjpt • 06/03/2016 #

    Hi Finplus is your live account working out ok?

  5. finplus • 06/03/2016 #

    Hi Wanjpt, I tried once only on AUD / USD in november 2016 during one day. No position has been taken on my live account (IG). The issue is that when I came back home, I have backtested the strategy and one position has been taken. I do not understand this difference.

  6. finplus • 06/03/2016 #

    The backtest of the code works perfectly with 1 hour timeframe.

  7. CN • 06/03/2016 #

    Anyone got a correct code for the setup?Used Minihax code with mixed results… Anyone that can vouch for a setup that works live fairly good?
    /CN

  8. morgan89 • 360 days ago #

    Bonjour,
    Quelqu’un a-t-il réussi a avoir de bons résultats avec cette stratégie en backtestant en tick par tick ?
    Si oui, sur quelle unité de temps avec quel support (Dax, Cac, Forex, …) ?
    Merci

  9. finplus • 357 days ago #

    Bonjour, j’ai retesté hier sur la paire AUD/USD timeframe 1 heure sur mon compte réel chez IG: aucune position n’a été prise. Pourtant, ce matin, en effectuant un back test, le résultat indique qu’une position longue a été initiée à 17h puis clôturée sur la même heure avec un gain de 26 pips. Même constat qu’un de mes posts précédents. je ne sais pas à quoi cela est dû. Dommage car en back test, les résultats sont excellents. Si j’ai un peu de temps, je vais essayer de décortiquer la stratégie “pas à pas”. Bonne journée.

  10. finplus • 357 days ago #

    Bonsoir, j’ai de nouveau aujourd’hui lancé la stratégie en réel sur mon compte IG sur la paire AUD USD time frame 1 heure. Aucune position de prise. Pourtant je viens de backtester la stratégie et là deux opérations ont été effectuées (un long et un court). Je ne comprends pas ce qui se passe.

  11. AleX • 337 days ago #

    0 improvments, I tried a lot of modified version but no one was working. I think that only with a martingala this system can be good with a lot of risk. 

  12. Fabio Anthony Terrenzio • 304 days ago #

    this strategy works only in a well defined trend

  13. brosly • 241 days ago #

    Good afternoon I am trying to get the complete code of lex strategy made by adolfo since I see here does not work for me. I thank you in advance.
    Buenas tardes estoy intentando conseguir el codigo completo de la estrategia de lex realizada por adolfo ya que veo por aqui no me funciona. Os doy las gracias de antemano.
     

  14. dreif123 • 222 days ago #

    hi Adolfo,
    is Alex Auto Trading Botindex working on DAX as well ?
    if so , can you post the full code? thx for the support  !

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