GH FibRetrace DAX 1Hour

GraHal · 2017-04-11T21:45:34+00:00

Hello Fellow Traders Attached – Fibonaci 61.8% Retrace System for Dax 1H. Backtest results shown are Spreadbet (@ £1 per point) with a 2 point spread. Please BackTest over 200K bars (I have max 100K bars) and post results on here. Please code up improvements and post on here. Cheers GraHal //Author: GraHal (inspiration & thanks to Nicolas for his Fib Screener) //Fibonacci 61.8% Retrace Auto-System for DAX 1 Hour DEFPARAM CUMULATEORDERS = False hh = highest[100](high) ll = lowest[110](low) fib618 = (hh-ll)*0.618 //GO LONG LONGlevel618 = hh-fib618 LONGnearpercent = ABS(1-(close/LONGlevel618))*100 If Close > Average[200](close) AND LONGnearpercent < 0.004 Then Buy 1 Contract at Market Endif //EXIT LONG If LONGonmarket Then SET TARGET PPROFIT 135 SET STOP PLOSS 60 Endif //GO SHORT SHORTlevel618 = ll+fib618 SHORTnearpercent = ABS(1-(close/SHORTlevel618))*100 If Close < Average[165](close) AND SHORTnearpercent < 0.004 Then SellShort 1 Contract at Market Endif //EXIT SHORT If SHORTonmarket Then SET TARGET PPROFIT 190 SET STOP PLOSS 60 Endif

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04/11/2017 at 10:45 PM #31799 quote
GraHal
Participant

Master
Hello Fellow Traders

Attached – Fibonaci 61.8% Retrace System for Dax 1H.

Backtest results shown are Spreadbet (@ £1 per point) with a 2 point spread.

Please BackTest over 200K bars (I have max 100K bars) and post results on here.

Please code up improvements and post on here.

Cheers
GraHal
```
//Author: GraHal (inspiration & thanks to Nicolas for his Fib Screener)
//Fibonacci 61.8% Retrace Auto-System for DAX 1 Hour

DEFPARAM CUMULATEORDERS = False

hh = highest[100](high)
ll = lowest[110](low)
fib618 = (hh-ll)*0.618

//GO LONG
LONGlevel618 = hh-fib618
LONGnearpercent =  ABS(1-(close/LONGlevel618))*100
If Close > Average[200](close) AND LONGnearpercent < 0.004 Then
Buy 1 Contract at Market
Endif

//EXIT LONG
If LONGonmarket Then
SET TARGET PPROFIT 135
SET STOP PLOSS 60
Endif

//GO SHORT
SHORTlevel618 = ll+fib618
SHORTnearpercent =  ABS(1-(close/SHORTlevel618))*100
If Close < Average[165](close) AND SHORTnearpercent < 0.004 Then
SellShort 1 Contract at Market
Endif

//EXIT SHORT
If SHORTonmarket Then
SET TARGET PPROFIT 190
SET STOP PLOSS 60
Endif
```
Fib-Bot.jpg Fib-Bot-2.jpg GH-FibRetrace-DAX-1H.itf
04/12/2017 at 5:10 PM #31873 quote

Nicolas
Keymaster

Legend

Your 100k bars optimisation of moving average periods, takeprofit and stoploss values has introduce a bias for this period. Even if the overall result is not so bad, I suggest a WF analysis with Out of Sample tests 🙂 Done with TP/SL and highest high / lowest low period in the first example (with a 200SMA for your exit conditions) and with the SMA period too in the second example attached.

GraHal thanked this post

dax-1-hour-intraday-trading-strategy-fibonacci-retracement.png walk-forward-dax-1-hour-trading-strategy.png wf-test-dax-1-hour-second-example.png
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