Hi all, made this for USD/CAD before i realized that spread was so effing high here. (2,5 avg spread for me..)

Its still profitable but only barely and i wouldnt run it..

Its based on one of Connors strategies, got the idea from the latest episode of “better system trader” podcast.

Anyways i was hoping someone might wanna pick this one up and see if they can add or do something for it. Some kind of filter would be awesome i guess. Its not perfect in any way but i thought i’d hear some opinions.

Important notes:

it looks “really good” in most forex pairs 1h, ive included a  no spread photo of EUR/GBP just to show what i mean. I wouldnt run it there either, cus again with the 1,7 avg spread in eur/gbp its crap.

Im fairly new to mean reversion so im not sure if this looking good in many pairs is actually a good thing or not, cus as soon as i add spread its much more crappy.

Am i onto something or am i chasing an imaginary dragon and should start over again fresh?

Its made based on my process and method which i have described in this forum before. Optimized on roughly 30% of the data at first, then optimized again on data from 2005 -> 2015

In usd/cad years 2015-2018 has not been optimized at all.

• Picture 1 = No spread
• Picture 2 = No spread
• Picture 3 = With spread (2,5)
• Picture 4 = With spread (2,5)
• Picture 5 = No spread

// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated

// Conditions to enter long positions
indicator1 = Williams[2](close) // 3
c1 = (indicator1 CROSSES UNDER -85) // 80
indicator2 = SuperTrend[4,80] // 3,80
c2 = (close > indicator2)
indicator3 = Average[100](close) // 200
c3 = (close > indicator3)

cx1 = close < open

IF c1 AND c2 AND c3 and cx1 THEN
BUY 1 CONTRACT AT MARKET
ENDIF


// Conditions to exit long positions
indicator4 = Williams[4](close) // 3
c4 = (indicator4 CROSSES OVER -30) // 40


IF c4 THEN
SELL AT MARKET
ENDIF



// Conditions to enter short positions
indicator5 = Williams[2](close) // 3
c5 = (indicator5 CROSSES OVER -10) // 20
indicator6 = Average[300](close) // 200
c6 = (close < indicator6)
indicator7 = SuperTrend[3,80] // 3 , 80
c7 = (close < indicator7)


cc1 = close > open



IF c5 AND c6 AND c7 and cc1 THEN
SELLSHORT 1 CONTRACT AT MARKET
ENDIF

// Conditions to exit short positions
indicator8 = Williams[3](close) // 3
c8 = (indicator8 CROSSES UNDER -50) // 50


IF c8 THEN
EXITSHORT AT MARKET
ENDIF


//if longonmarket then
//set target pprofit 55
//endif

//if shortonmarket then
//set target pprofit 20
//endif

ghoul-1-eq.png ghoul-2-nospread.png ghoul-4-eq-spread.png ghoul-3-spread.png ghoul-eurgbp.png