yes… in avarage if I took all the enrties and exit from backtest and live I have 1.6 euro of loss for each trade (1 point = 1 euro).
Hmm , it sounds large to me.. But the Ask/Bid is maybe different from demo to live account? A decay could be possible, demo account has no money liquidity, it’s straight to broker server at asked price, that’s all.
no, I’m speacking about live IG market. Could you post your trade of the last month and the backtested trade on the same period?
another comment on this system. The MM system is not correct in my opinion. As soon as it gain some money the increasing of the contracts is exponential and the DrawDown not acceptable.
My suggestion is to change it into a fixed ratio:
If strategyprofit >= 0 then
contracts = (1+SQRT(1+8*(strategyprofit)/delta))/2
else
contracts=1
endif
delta is the amount of money when you have to increase.
david
Hi Nicolas, on the 27/10/2016 it did three trades. Do you know why? did it happened also to you?
Hi Nicolas
Are you still trading this strategy? If so, how is it performing?
/Yngve
Hi Nicolas!
Are you still trading this strategy? If so, how is it performing?
All the best!
Simon
I’m not trading it actually, for different reasons the system was stopped last year.. But I know many people are still using it, last year (2016) results are so so, but the strategy is still valid for sure.
EricParticipant
Master
as i understand it the strategy opens max 2 trades a day, how often is both a loss?
would it be possible to double the size if the first trade is a loss?
Backtests are accurate with this strategy, it was made to be so. You can make your own statistics with the backtest and customize a different approach to the money management already coded.
It has already a smooth re-investment lot calculation, but it could be adapted of course. The main reason this strategy worked so well, in addition to the “open breakout” phenomena, is the way it cut losers quickly and let the profit run for the rest of the day.. I don’t know if double size the risk when you lose is a good idea, but as I already said here and there, only good strategy deserve martingale, so it may be an idea to explore 🙂
I’ve stopped trading this strategy for mainly one reason, the backtest period was too short and I was not sure if it has been used an In sample and Out of sample period. Infact if we consider the first date of the post in this thread as the starting day for an OOS the performance are not too good. Anyway if someone want to tarde it the Money management must be changed for sure in my personal opinion.
this strategy has the problem of all PRT startegies. Historcal data is too low.
Ciao Nicolas, i used this strategy from the beginning of the year (2018) ad it did TOONS of gain untill april, from april to now the strategy is not working properly, i am here to ask you something, i tried many time to adapt the trailing sistem with the Multiframe, but without any success, can i post the code i tried to make? or do you prefer that i will open a new post?
Please open a specific topic. I’ll try to help you there.
What do you mean that it doesn’t work properly since April?
