1600hrs, so 1.5hra after the US Cash equity open at 1430

Simplicity is the Ultimate Sophistication

I just ran a manual backtest on EurJpy PM session using the NEW rules and the Original Zen rules(so disregard MA, use .00 levels but use ATR stop and ATR TP) The new rules- 24 wins, 13 losers, and 22 no trades. Net profit = £2300 Original rules but ...

Simplicity is the Ultimate Sophistication

No trade today. Euro gapped up and ATR doubled. Gap will probably be filled in US session tho.

Simplicity is the Ultimate Sophistication

Hi RedFan I've seen the same. Good point. To me, it could be that we use that meter and look for EURXXX pairs to be either bottom or top, but grouped too. One could make a case for looking to see if the strategy works on Cable, USDYEN and AUDUSD ...

Simplicity is the Ultimate Sophistication

Super stuff Grandaevus -let's see how it performs in demo tomorrow. I note than when I run backtest in MT4 it doesn't show any data tho and reports an 'order send error' - Usually it will show something (cognisant of how poor the MT4 BT function is!) ...

Simplicity is the Ultimate Sophistication

Hey Grandaevus Is it possible to add the ATR stop strategy to the EA? User defined too enabling differing ATRs to be tested for TP. 24period ATR best? Not sure if break of HH or LL in past 24hrs also possible to code? Thanks in advance!

Simplicity is the Ultimate Sophistication

It could be and I guess time zone might make a difference. You might want to use the last high in terms of an uptrend or last low for down trend. The idea is that we want trend continuation and this only takes place when each higher high and higher ...

Simplicity is the Ultimate Sophistication

Yes, if the ema bisects or any part (wick/body) is in contact with EMA then trade normal Zen rules. It's your signal candle, ie the 0600-0700 for me, 1hr prior to cash equity open.

Simplicity is the Ultimate Sophistication

Ok, the key is the Volatility of the pair (expressed by the ATR). There is little point having a stop loss inside the period ATR. You'll get hit too often. I have just manually back tested EurUsd from 30 Jan to 17 Apr. I have some minor changes to ...

Simplicity is the Ultimate Sophistication

Wallaby- I concur. Needs more work as I'm not comfortable with a R/R of 0.75% either, as you point out the long run could be negative. This would be the benefit of having coded into Amibroker or PRT to enable playing with the variables to fine tune. ...

Simplicity is the Ultimate Sophistication

My sell activated today and lost by 0.7 pip. Shows the value of having the lowest bid/offer spread possible

Simplicity is the Ultimate Sophistication

Red pips today. Open 10710 Hit SL at 10725 Done until eurjpy this afternoon

Simplicity is the Ultimate Sophistication

As long as you are not acting as an IB referrer Zen! url

Simplicity is the Ultimate Sophistication

Ok, so I have found a good source for EurUsd tick data needed for Amibroker and I have some code for the strategy, but I'm stuck now. Are there any Amibroker coders that we can share data/code with to backtest this strategy?

Simplicity is the Ultimate Sophistication

Nice one Zen! Personally, after reviewing charts, I see that nearly all of the winning trades happen within 3hrs of the signal candle close. I'll try this for a few weeks I forward testing and keep you posted.

Simplicity is the Ultimate Sophistication

EurUsd buy order canx unfilled this morning at 1000 UK time. (Buy only as 24ema was up and price was >ema)

Simplicity is the Ultimate Sophistication

No trades for me today as UK Bank Holiday. Low vols.

Simplicity is the Ultimate Sophistication

So from this quick pivot table analysis I can offer some refinements to the system: For me as I trade EurJpy in PM session. A top level filter can also be added - No trades is broker bid/offer spread is > 1 pip. Eurusd As per original system. 10 pip ...

Simplicity is the Ultimate Sophistication

Interesting result from Pair/TF and Pip Value Clearly shows that whenever second trade is activated it often loses ( as the £10 and £15 columns show). The better strategy might be to walk away for day if Trade 1 loses. (I never tripled pip value, ...

Simplicity is the Ultimate Sophistication

Initial rough lookback suggests the addition of a 24 period (1day) EMA would act as a useful trend filter: Price > ema. Only set log orders Price < ema. Only set short orders Price straddles ema(ie ema runs through your signal candle) set buy/sell ...

Simplicity is the Ultimate Sophistication