Yes I guess if you think about it logically one candle on a daily time frame gives us a whole 24 hour survey of market sentiment whereas a 1 hour candle is a very small market sample for the same survey. It will tell us 1/24th of what the daily candle can tell us. With a better survey we are more likely to be right – we just have to have enough patience to wait for the survey to be finished and the budget to pay to hold positions overnight while we wait to be proved right.
Hi guys, i’ve put a pyramid into the ts
//EURUSD(-) - IG MARKET
// TIME FRAME 1H
// PROBACKTEST TICK by TICK - 200.000 bars
// SPREAD 0.6 PIP
// ALE
DEFPARAM CumulateOrders = TRUE
///BILL WILLIAM FRACTAL INDICATOR
//CP=PERIOD
CP=108
if close[cp] >= highest[2*cp+1](close) then
LH = 1
else
LH=0
endif
if close[cp] <= lowest[2*cp+1](close) then
LL= -1
else
LL=0
endif
if LH=1 then
HIL = close[cp]
endif
if LL = -1 then
LOL=close[cp]
endif
// RETURN, HIL COLOURED(0,200,0) AS "BREAKOUT LEVEL LONG",HIL COLOURED(200,0,0) AS "BREAKOUT LEVEL SHORT"
//////////////////////////
ONCE POSITIONSIZE = 1
ONCE ExitIndex = -1
//LONG and SHORT CONDITIONS
O=COUNTOFLONGSHARES<2
P=COUNTOFSHORTSHARES<2
if (time >=100000 and time < 230000) then
C1 = (close CROSSES OVER HIL)
D1 = (close CROSSES UNDER LOL)
A1= (CLOSE-CLOSE[1])>30*POINTSIZE
B1= (CLOSE-CLOSE[1])<-30*POINTSIZE
IF C1 and not shortonmarket AND NOT LONGONMARKET THEN
BUY positionsize CONTRACT AT MARKET
ENDIF
IF C1 and not shortonmarket AND A1 AND O THEN
BUY positionsize CONTRACT AT MARKET
ENDIF
IF D1 and not longonmarket AND NOT SHORTONMARKET THEN
SELLSHORT positionsize CONTRACT AT MARKET
ENDIF
IF D1 and not longonmarket AND B1 AND P THEN
SELLSHORT positionsize CONTRACT AT MARKET
ENDIF
ENDIF
//TRAILING STOP
TGL =9
TGS=10
if not onmarket then
MAXPRICE = 0
MINPRICE = close
PREZZOUSCITA = 0
ENDIF
if longonmarket then
MAXPRICE = MAX(MAXPRICE,close)
if MAXPRICE-tradeprice(1)>=TGL*pointsize then
PREZZOUSCITA = MAXPRICE-TGL*pointsize
ENDIF
ENDIF
if shortonmarket then
MINPRICE = MIN(MINPRICE,close)
if tradeprice(1)-MINPRICE>=TGS*pointsize then
PREZZOUSCITA = MINPRICE+TGS*pointsize
ENDIF
ENDIF
if onmarket and PREZZOUSCITA>0 then
EXITSHORT AT PREZZOUSCITA STOP
SELL AT PREZZOUSCITA STOP
ExitIndex = BarIndex
ENDIF
// DONCHIAN STOP
DC=20
e= Highest[DC](high)
f=Lowest[DC](low)
if longonmarket then
laststop = f[1]
endif
if shortonmarket then
laststop = e[1]
endif
if onmarket then
sell at laststop stop
exitshort at laststop stop
ExitIndex = BarIndex
endif
if (time >=100000 and time < 170000) THEN
TP=30
ELSE
TP=20
ENDIF
IF COUNTOFLONGSHARES>2 THEN
TP=5
ENDIF
set target pprofit TP
///PIRAMIDE////
IF Barindex = ExitIndex + 1 THEN
ExitIndex = 0
IF PositionPerf(1) < 0 THEN
POSITIONSIZE = POSITIONSIZE + 1
REM Double POSITIONSIZE if the last position was a losing position.
ELSIF PositionPerf(1) > 0 THEN
POSITIONSIZE = POSITIONSIZE + 0
REM Reset position size to 1 if the last trade was a winning trade.
ENDIF
ENDIF
ALE ps hai telegram?
ALEModerator
Master
Hello Altares,
in theory it is very beautiful, but the data of the probacktest are always different from the reality, above all on smaller timeframe of the daily, therefore I recommend you do not to apply it to real market
ALE u running this live still? It looks almost to good to be true 🙂 amazing backtest-results
I’ve played with different forex pairs and it seems like u can definitly optimize this for different pairs..
If ur running it live, on what pairs so far?
Live results close to backtest so far?
how long have u been running it live?
ALEModerator
Master
Hello Jebus
I’m testing it on the real one of the first versions, to understand better the differences with the probacktest, along time we have observed quite a lot differences, probably caused by closings not happened for a simple tick, in real as in the probacktest.
The weakness of this strategy also consists in too little points of gain for every trade.
The concept it’s good, but it’s not so simple to automatize it.
Thanks for you attention!
hello,
after 5 years, we have a size lot of 100.
it’s a lot.
the strategy need a reset to restart sometimes to 1? no?
thanks
don’t take attention to my last comment 🙂
ALEModerator
Master
Hi Vonasi, has reread your questions and I has acknowledged you not to have answered. In that days had not understood your questions, Excuse me!
Hi Vonasi, has reread your questions and I has acknowledged you not to have answered. In that days had not understood your questions, Excuse me!
You are excused! Although I do not fully understand what you have written in your post. My last post on this thread was over three months ago and my memory does not go back that far with much clarity!
CNParticipant
Senior
Has anyone tried the 30M v2 on 1h eur/usd and seen what happens?
Crazy results, cant understand why… Anyone care to explain?
ALEModerator
Master
Hello Cn
could you explain better?
tks
Ale
CNParticipant
Senior
Of course,
I tried out the 30min v2 strategy, that u have on the first post, on the 1H TF, eur/usd mini.
The results are above from that backtest, not alot of trades, but It looks too good to be true. 95% win rate.
Anyone can try a 200k backtest and/or a WF?
200K backtest with 30min v2 strategy on 1 hour chart.
Good results but very low returns per trade and it also appears that in recent times performance has been dropping off.
[attachment file=70837]
[attachment file=70838]
WF with 5 and 1 repetitions.
[attachment file=70851]
[attachment file=70852]
ALE released the code to us on 16-4- 2017 so (although he never intended it to be run on the 1 hour chart so it was not optimized for this at all) any trades since this date are true OOS trades. Not many to go on and not very exciting even if there is a small profit.
[attachment file=70858]
