Should be End Of Day, but didnt look at the code.

The meaning of EOD?

Been busy but here is my modified version of 1.0E Named 1.0ETEST DO NOT USE THIS LIVE WITHOUT TESTING!!!!!! I am a code hack at best, but I did manage to add a BE A trailing stop of three kinds and a variable of days to reverse from 0-5 NOTE: ...

Part Time Wealth Building Trading System - Daily Scalping

I just wanted to let you all know that all of my prior backtesting may or may not be right. I updated my testing install of MT4 from build 200 to 202 today. I grabbed skylines new version EA and wanted to run it through some TP settings. My results ...

Part Time Wealth Building Trading System - Daily Scalping

Thanks drj! I dont know why after all this time I am still messed up by it. For those that do not get the Sunday candle. You simply aren't getting one because of your brokers time. No matter what part of the world you are sitting in, we all open at ...

Part Time Wealth Building Trading System - Daily Scalping

Looks good pip. Your times may be a little off. not sure which your going with there EntryTimeHour: 2 Broker time (0 GMT) ExitTimeHourL 19 Broker time (17 GMT -- my choice instead of 23 GMT) Looks like you want to go with the backtesting there ...

Part Time Wealth Building Trading System - Daily Scalping

I have tried to explain my position more than once why I backtest. I have also tried to explain why things are more profitable when they are. I hope people are reading everything I post and not just looking at the numbers and ignoring the rest. I ...

Part Time Wealth Building Trading System - Daily Scalping

JillyB, 1700 would be the optimum time for the backtests on alpari data. I am not quite sure what GMT shift they are and what GMT shift your broker is. Open an hourly GBP/USD chart that shows the opening on 2/16/07 00:00. On my backtesting data, ...

Part Time Wealth Building Trading System - Daily Scalping

Stunew, You would get the exact same results on a daily, 4H, 1H, 30M, 15M, 5M, 1M. If you were using indicators the results would be entirely different, but this is pure price action. It shows the days price action much better. Clearly better ...

Part Time Wealth Building Trading System - Daily Scalping

Peter, After looking at the calendar for the day, I wouldn't have been in play at all, probably not Tuesday either. I have been burned by news way to many times. It didn't even occur to me that it was a news spike for some reason(way to many charts ...

Part Time Wealth Building Trading System - Daily Scalping

It was designed to run on 1H charts Skyline You cant use take profit. It will immediately open a new order in the opposite direction. Maybe an if (takeprofit>0) tradecondition=0 I dont know, its to late to figure out.

Part Time Wealth Building Trading System - Daily Scalping

I was just about to Post that rhythm is capable of the 40 pip BE and reverse so people could test for themselves. So at this point we have rhythm that breaks even, has an entrytime but doesnt reverse the trend after 3 days, or skylines which does ...

Part Time Wealth Building Trading System - Daily Scalping

There are a few ways to play the strategy depending on your risk profile. But I am finding out the more I optimize, the better it gets. take for example last week as you say. With my settings, the daily is a big winner. I will post the EA I have ...

Part Time Wealth Building Trading System - Daily Scalping

Hows this for DD. Added a 40 pip break even reverse, meaning moving to BE at 40 pips with that being the new opposite entry SymbolGBPUSD (Great Britain Pound vs US Dollar) Period1 Hour (H1) 2005.01.03 00:00 - 2007.01.06 00:00 (2006.01.01 - ...

Part Time Wealth Building Trading System - Daily Scalping

Back on topic. As per TK's methods the SL of 40 proves to be the best for cable so I wont go into details. I then moved to the close hour. There are BIG differences in profit and drawdown. The best times to shut it down are around the 1700 hour give ...

Part Time Wealth Building Trading System - Daily Scalping

A little off topic but most arent backtesting correctly. First thing you need to do is create a new install of MT4. Install it to a seperate location as you do not want your data corrupted. NEVER LET THIS INSTALL CONNECT! When you open it up and it ...

Part Time Wealth Building Trading System - Daily Scalping

Initial results on the three day reverse do not make much difference in profit, but do help with drawdown and smooth it out a little. just a note. I am consistently getting positive results over the long haul. I dont know if you guys are just ...

Part Time Wealth Building Trading System - Daily Scalping

Use every tick, control points are almost useless. Also see above.

Part Time Wealth Building Trading System - Daily Scalping

If you are using Alpari data on 1H timeframe. There is no 2300 bar on fridays, and there is no sunday candle. These could change results. I have added a 3 day reverse or not and currently testing that. I also added a BE and trail, but the way the EA ...

Part Time Wealth Building Trading System - Daily Scalping

I had written a post the other day about this same subject, but never posted it thinking it would be negative. BUT since were open for discussion. What the hell is the matter with people? What would posess someone to come into a thread that is 60 ...

Frustrated with Laziness...

BTW, dont know if you know or not but your 1am move would be the Frankfurt open followed by the London at 2. You discovered the big ben strategy. Another variation is to do a box breakout. mark the high/low from 00gmt to 8 gmt(my broker times) When ...

Breakout Straddle!