I am in South Africa so its GMT + 2
LeoParticipant
Veteran
Has someone else tested in other markets?
This strategy seems til not reform well at all in crudeoil. Anton Else experience the same?
Hey there
I’ve tested the strategy on Oil and it looks like it’s not really performing well.
Do I have to pay attention to certain settings?
The strategy has been developed almost 2 years ago, it certainly needs some readjustment over the last behavior of crude oil price.
It was written that hammerupmegated: the max of Open/Close of current bar should be smaller than the min of previous bar’s Open/Close.
I wonder how would it be possible for the hammerupnegated part. If the market is trading 24hrs, I guess the open price should always equal the close price of the previous bar? (except gaps may appear after session break)
Recent observation shows this strategy is still working well on 15 TF. However, would anymore test it on 200k bar please?
Another observation is that the signal often occurs during non-volatile period and price did not often trend in the right direction immediately. Does it mean hammernegated is not a strong signal to open a position, while the tight stop profit saves its live?
Yes still working well on 15 min TF and on the last 200k bars with the original Francesco’s code
hi francesco,
i have work on your strategy and found an interessant think.
are you already on this forum to speak about this?
thanks
@rejo007 Sure, what did you find?
I have try dax, cac40, dow, nasdaq, spain, …
with x = between 0.85 and 0.95 (depend volatility of index)
and 5 or 6 at place of 3 on this line (the same for down)
hammerup = min(open[1],close[1])>high[1]–(high[1]–low[1])/5 //and timeok
timeframe: 15min
and without optimisation, it’s run very good (not a lot of trade but …)
with bitcoin and other too.
wath do you think?
just a problem with index italia (great loss, so i think that a stoploss more close could be better )
Thank you for your work! Would you be able to post here some of your results and codes?
Many thanks
Francesco
could you send the line to add to the strategy to have a SL fix?
So i could test with this and send good result
thanks
x 0.85 or 0.95
and
hammerup = min(open[1],close[1])>high[1]–(high[1]–low[1])/5 or 6//and timeok