Averaging Down Orders improvment

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Viewing 15 posts - 1 through 15 (of 20 total)
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  • 08/15/2017 at 11:01 AM #43195
    Ludde500

    The past 6-12 months I´ve broadly tested on the demo account all existing “strategy” on ProRealCode. Most results has been pretty bad. Except one that consistently has showed good results (winning trades 67%)
    It have had a bit to large drawdowns but has always recovered and showed good results
    Probably the one with most simple tenchology, Averaging Down Orders
    The best results have been on USD/JPY 5M, but on most other index and currencies the result has been bad.
    I don´t know programming and wonder if someone would be interested in help improve it?
    The drawdowns would need to be limited to reasonable levels, and that it shouldn´t place order during certain times and days
    You would probably also discover other improvements that the system is missing

     

     

    08/15/2017 at 11:10 AM #43197
    victormork

    maybe try to add a profit target?

    if shortonmarket then
    set target pprofit x
    endif
    I would advise you not to use an average down code. Generally you will (over time) gain more on adding up than down. Remember that the 5M timeframe is pretty short on history so just because it’s working now it might not in the future.
    08/15/2017 at 12:06 PM #43200
    Ludde500

    It should not work, but still it does.
    I have run 75 strategy both long and short, currency, index, commodities but no one has given better results.
    Over the past 6 months, USD / JPY has gone from 114.00 February 24 down to 100.00 and up to 118.50 and down again to 109.00 with profit.
    It has cleared both up and down ….

    08/16/2017 at 7:25 AM #43235
    victormork

    Just keep in mind that just because it turned around this time it doesn’t need to do the same in the future.

    08/16/2017 at 10:32 AM #43242
    Nicolas

    Seems obvious that an averaging down strategy perform better than other ones which are allowed to loose.

    08/16/2017 at 11:55 AM #43256
    Despair

    I had to ramp up the start capital to show you a 200K bars backtest. There are evil drawdowns in the equity curve (typical for averaging down systems). You (or your account) would hardly be able to endure those in real life.

     

    08/16/2017 at 2:16 PM #43279
    Ludde500

    Big drawdowns are a problem, therefore I would like to test it with a intelligent stop loss system, if there is any?
    Do you know of any good stop loss system that i could impliment in the code without any major programming skills?

     

    08/17/2017 at 9:30 AM #43326
    Despair

    There is no way in fixing this with a stop loss without the performance deteriorating. This is the effect of averaging down. You get a super high winning % but one day comes the day your account blows up (or at least takes a hard blow).

    08/17/2017 at 10:18 AM #43333
    Nicolas

    The more you add orders in your grid, the faster and easier will be the return to the average price to exit in profit or at breakeven.

    08/17/2017 at 10:20 AM #43335
    victormork

    @Ludde500 Also just an advise for the future when you look at systems posted on this or other forums – just because a system has got a high winning percentage it doesn’t automatically mean that it’s good system. A high winning percentage is normally the product of risking a lot of money for a very small profit. Sure it feels nice to be right all the time but it’s not always the smartest way to go. Try to read up on how you can make most money based on the amount of money you risk in each trade. Once you know this it’s easier to determinate if a system is good or not.

    1 user thanked author for this post.
    avatar Nicolas
    08/17/2017 at 11:04 AM #43337
    Despair

    I saw now, that stupid me forgot to attach the screenshot.

     

    08/17/2017 at 11:05 AM #43339
    Despair

    Ok, I did not forget it but it doesn’t work!? Why can’t I attach a screenshot?

    08/17/2017 at 11:06 AM #43341
    Nicolas

    @Despair

    The screenshot is here, I think there is a bug somewhere, I’m currently updating some things ..

    1 user thanked author for this post.
    avatar Despair
    08/17/2017 at 1:27 PM #44109
    Nicolas

    Everything’s back to normal, sorry for disturbing 😐

    1 user thanked author for this post.
    avatar Despair
    08/19/2017 at 4:58 PM #44232
    Henrik

    Hi Viktormork!

    Do you have any god links for Reading in this subject?

    Regards Henrik

    “Try to read up on how you can make most money based on the amount of money you risk in each trade. Once you know this it’s easier to determinate if a system is good or not.”

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