Bias DAX Time 15M & MM200 Daily – Multiframe

DANY · 2018-09-16T11:12:39+00:00

The Markets grow in the night ! Very Simple Code based on Entry & Exit Time combined with a daily MM200. Any Idea to increase profitability ? DEFPARAM cumulateorders=false LSTime=183000 LETime=073000 SSTime=143000 SETime=173000 ExitTime=213000 EntraLong=1 EntraShort=1 MyStopLoss=90 MyTakeProfit=400 TIMEFRAME (Daily, updateonclose) //your daily conditions MM200=Average[200](Close) DLong=DClose(1)>MM200 DShort=DClose(1) MM200) then exitshort at market endif If MyStopLoss>0 then Set Stop PLoss MyStopLoss endif If MyTakeProfit>0 then Set Target PProfit MyTakeProfit endif If DayOfWeek=5 and Time=ExitTime then sell at market exitshort at market endif

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09/16/2018 at 12:12 PM #80589 quote
DANY
Participant

Senior
The Markets grow in the night !

Very Simple Code based on Entry & Exit Time combined with a daily MM200.

Any Idea to increase profitability ?
```
DEFPARAM cumulateorders=false

LSTime=183000
LETime=073000

SSTime=143000
SETime=173000

ExitTime=213000

EntraLong=1
EntraShort=1

MyStopLoss=90
MyTakeProfit=400

TIMEFRAME (Daily, updateonclose)
//your daily conditions
MM200=Average[200](Close)
DLong=DClose(1)>MM200
DShort=DClose(1)<MM200

TIMEFRAME (default)

If EntraLong AND Time=LSTime AND DLong then
buy 1 contract at market
endif

If EntraShort AND Time=SSTime AND DShort then
sellshort 1 contract at market
endif

If LongOnMarket AND (Time=LETime OR Close<MM200) then
sell at market
endif

If ShortOnMarket AND (Time=SETime OR Close>MM200) then
exitshort at market
endif

If MyStopLoss>0 then
Set Stop PLoss MyStopLoss
endif

If MyTakeProfit>0 then
Set Target PProfit MyTakeProfit
endif

If DayOfWeek=5 and Time=ExitTime then
sell at market
exitshort at market
endif
```
curve-1537022476lpc84.png Statistiche-1.png
09/16/2018 at 12:17 PM #80626 quote

Nicolas
Keymaster

Legend

Hi Dany, thanks for posting your strategy. Sorry if I’m wrong but I feel you did not use any spread fees into your backtest?

09/16/2018 at 5:35 PM #80634 quote

DANY
Participant

Senior

Ciao Nicolas,

I used 1 point spread, but it does work fine with 2 point too; I think that with some filters (maybe one or two patterns), it could be increase the average profitability.

It’s work better if you set the SL & TP at “0” value and if you comment the last filter, like this :

If DayOfWeek=5 and Time=ExitTime then

//sell at market

//exitshort at market

endif

09/16/2018 at 6:10 PM #80639 quote

Nicolas
Keymaster

Legend

Oh sorry! I successfully backtest your system with the same result. I should not work on Sunday 😆

PFA comparison with buy and hold (but with no fees).

buy-and-hold-dax-comparison.png

07/19/2020 at 3:23 PM #139616 quote

BITE1437
Participant

Average

I like this bias strategy. Can I ask for the screener code? Thanks indeed.
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