Thanks fontu, it's good to read how other people are trading with IBs.

Inside Bar Trading Revisited

Latest EA — For those folks who are trying this out, then here is the latest EA. Nothing much has changed except I've tweaked trend trailing and turned it on by default. Note that when a trend is moving it will set the SL to 'chase' the trend ...

Inside Bar Trading Revisited

Er, <has quick look at code> MaxBars is the number of bars the EA will 'go-back' to find an IB. Since the count starts from the actual bar that started the IB (the leftmost bar) then it needs to be at least 3 before anything will work (and yes, I ...

Inside Bar Trading Revisited

EA - Opening up the SL — The pure IB trading method suggests that SL is moved to the BE point after taking 1/2 profit at 1/2 ATR. Up until now, the EA has been moving the SL to the opening price at this point. Does giving the price more room ...

Inside Bar Trading Revisited

Log files — jcbwrites, hmm, tricky one. The EA should work OK with other things, but I haven't tried it so maybe there is an incompatibility. I guess you are using the second EA I posted (need to start using version numbers). This has the ...

Inside Bar Trading Revisited

Ranger posts — Thanks Ranger, there's something for everyone in those posts! The idea of trailing the SL early on the IBs is a good idea. I'll tweak the EA to use a simple version of that and see what the effect is. My gut feel is that the ...

Inside Bar Trading Revisited

Effect of Trading x Bars After IB Forms on EA — Sometimes when an IB forms it may consolidate for a long time before an break out occurs. Does taking the break later affect the win ratio? Lets see: EURUSD 30M 3 bars 1225 trades, 1005 wins ...

Inside Bar Trading Revisited

EA Trades — Not posting a summary of EA trades today - just realised that a tweak I made stopped it trading as frequently :-)

Inside Bar Trading Revisited

Yes, the EA places instant orders when the IB breaks.

Inside Bar Trading Revisited

I've been trialling a trailing stop that works just like that. As soon as it hits 1/2 ATR it sets the SL to BE and then starts a trailing stop and keeps pushing the TP out. This has some scope but I need to test and work on the optimum values. In ...

Inside Bar Trading Revisited

Hi Dani, you are correct. I'm hoping that the Swiss Army Knife EA can sit on it's own chart and manage all trades, since it can see them all. Although the idea of ripping out the bits I need means I have more control over things in the EA - ...

Inside Bar Trading Revisited

Hi fontu, I haven't heard of that EA, but maybe it'll avoid me needing to write that side of things. I'll have a look when I get time. Thanks.

Inside Bar Trading Revisited

You may need to change the lot size. It uses a micro lot size of 0.02 by default. Some brokers do not accept lot sizes less than a mini lot (0.1). When you load the EA you, change the lot size to 0.2 and try it again. Other than that, I'm not sure ...

Inside Bar Trading Revisited

EA Win on GBPUSD — Another win on this pair. It's trending well, we missed out on 40 pips between this trade and the previous one we had. A better way of following trends, or a better exit strategy might have kept us in for the missing pips, ...

Inside Bar Trading Revisited

Hi DramaKing, at this point I'm not even looking at trend! It takes the first break regardless of any other thing. The theory is that once we've checked that the physical things have no real effect on the IB win ratio, then we can only improve! I'm ...

Inside Bar Trading Revisited

Having tested Volume and noticed the exaggerated Xmas Holiday effect when in December, I thought I'd better retest IB size over the whole year. The result was the same, a steadily declining win rate as we lower the max IB size we trade at, but from ...

Inside Bar Trading Revisited

Effect of Volume on EA — So, repeating the test over 2008 we get: EURUSD 30M 001 Min. Vol., 783 trades, 658 wins (84%), £57.19 EURUSD 30M 200 Min. Vol., 584 trades, 502 wins (85%), £85.44 EURUSD 30M 400 Min. Vol., 336 trades, 292 wins (86%), ...

Inside Bar Trading Revisited

Effect of Volume on EA — Here are the results of restricting trading when there is low volume. EURUSD 30M 001 Min. Vol., 145 trades, 126 wins (86%), £119.16 EURUSD 30M 200 Min. Vol., 116 trades, 104 wins (89%), £127.96 EURUSD 30M 400 Min. ...

Inside Bar Trading Revisited

EA Loss on EURCHF — Missed this from earlier. Again, notice that the bar doesn't actually touch the IB. Sack the coder. 8 for 12 (not so clever now, eh?)

Inside Bar Trading Revisited

EA Loss on USDCAD — So close, but lost. Trading manually I might have saved this, assuming I would have taken it. 8 from 11.

Inside Bar Trading Revisited