200k backtest, take a look.

1-4.jpg 2-4.jpg

Mmm … attached is what I get Lot size = 1 … and I didn’t get same as you anyway even with Lot Size same as you had it?

I can’t think why my results are different than yours? I’ve only had 2 stubby bottles of beer! 🙂

It’s always best to get a System running as best you can with Lot Size = 1 as compounding can hides problems

Dr.jpg Dr-2.jpg

//UK CodeFIN 1 candle delay
DEFPARAM FLATBEFORE = 080000
DEFPARAM FLATAFTER = 163000


//Defining variables
ma21 = average [21] (close)
Shortentryprice = low - 2 //Entries taken when low of prior candle is surpassed
Longentryprice = high + 2 //Entries taken when high of prior candle is surpassed
myrsi = RSI [14] (close)
lowestrsi = lowest [20] (myrsi) //Sets to lowest RSI reading for past 20 candles
highestrsi = highest [20] (myrsi) //Sets to highest RSI reading for past 20 candles


 
Mylongsetup= 1 //This variable is used to determine if a long trade is entered; if set to 0 an entry will not occur
Myshortsetup = 1 //As for above for short setups
 
//Setting stops and targets
stoplongpoints = 20
stopshortpoints = 10
targetlongpoints = 80
targetshortpoints = 20
 
 
//Detecting RSI extreme
 
If lowestRSI > 20 then //Cancels long entry by setting mylongsetup to 0 if lowest RSI reading for past 20 candles > 20. I.e. there has been no extreme
mylongsetup = 0
endif
 
If highestrsi < 80 then //As above but for an extreme of above 80 on RSI
myshortsetup = 0
endif
 
//Detecting close beyond 21
 
If close < ma21 then //Cancels long entry if close beyond 21 hasn't occured.
mylongsetup = 0
endif
 
If close [1] < ma21 then //As above for short
myshortsetup = 0
endif
 
//Don't take at end of the week
If currentdayofweek = 5 AND currenttime = 215500 then
mylongsetup = 0
myshortsetup = 0
endif
 
 
// Money Management
//Capital = 10000
//Risk = 0.01
//
//If mylongsetup = 1 then
//stoploss = stoplongpoints
//endif
//
//If myshortsetup = 1 then
//stoploss = stopshortpoints
//endif
 
 
//Calculate contracts
//equity = Capital + StrategyProfit
//maxrisk = round(equity*Risk)
//PositionSize = abs(round((maxrisk/StopLoss)/PointValue)*pipsize)
 
//Entry conditions
 
IF NOT LongOnMarket AND mylongsetup = 1 THEN
BUY 1 lot AT longentryprice stop
set stop ploss stoplongpoints
set target pprofit targetlongpoints
endif
 
IF NOT shortOnMarket AND myshortsetup = 1 THEN
sellshort 1 lot AT Shortentryprice stop
set stop ploss stopshortpoints
set target pprofit targetshortpoints
endif

Hi @Dr Chips

In your original code line 38 appears to have mylongsetup repeated rather than myshortsetup

The code above is a bit over optimised but it’s nearly midnight so please forgive me

Looking at your results I have changed the system to only trade in the EU session (Lines 1+2) and worked on the stops and take profits (lines 18-21), the attachments compare the original code to the code inserted above

Besides the EU session change one thing I noticed but haven’t got into yet is the timings of the trades, if you look at the opening and closing times of the trades it appears that trade 1 will open and close either with profit or loss then the system waits 5-10 minutes and then trade 2 is placed and so on. This happens with codes that have a prevailing condition in this system the RSI property and can cause several consecutive losses

I also added a delay on line 40 of the above code to short positions

One of the things that I need to do is to put together a video of taking some code and working on it and fully testing it, if it is okay with you then I could do that for this code?

Systems.png Graphs.png Closed-Trades.png