Simple morning hours breakout system - forward test $1000 =gt ? - Page 2
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Thread: Simple morning hours breakout system - forward test $1000 =gt ?

  1. #11
    Quote Originally Posted by ;
    quote I Really Will. What about the limit order ? Will it be also at @ 0.75percent or we abandon it at 0.5%.
    Khalil, I believe the trailing stops in backtesting gives artificially good results, when compared to reside testing. For backtesting it's much more advisable to use structural observation stops, like lowest of last X candles, or fractals etc.. That provides outcomes that are more realistic.
    Just my two cents...

  2. #12
    I created it totally flexible, where you can set riskpercent for all the 3 orders.

    This is a test on EUR/USD similar to the 3rd test on article # 75


    Kindly use this version for testing as previous one had couple of bugs in prevent trailing (if stop was close to bid/ask price).
    https://www.forexsoutheast.asia/atta...181727111395.1

  3. #13
    Quote Originally Posted by ;
    quote Is not the risk for the limit order set to 0.25% right now?
    Yes.

    Actually the Limit order stocks Lot Size, SL price, TP price with all the 1st Order. However since it's open price is 50% better than the 1st order, the reward to risk ratio because of it's double compared to 1st order.

  4. #14
    Quote Originally Posted by ;
    quote Khalil, I believe the trailing stops in backtesting gives unnaturally fantastic results, in comparison to dwell testing. For backtesting it's much more advisable to utilize structural trailing stops, such as lowest of past X trademarks, or fractals etc.. That gives outcomes. Just my two cents...
    Both alternatives can be found now, however using last candles trailing is fixed to the last two candles high/low.

    The following version I will make a input where user can input x number of candles to trail the stop.

  5. #15
    Hi,

    Thank You for this method. This morning I have some whipsaw but I had been setting trades manually at a hurry before rushing to work so that my error

    Abokwaik, can you add an choice to set the lot size manually, please? What happens if my account can't sustain a 0.5% trade? Will the EA open a commerce utilizing the minimum lot size my broker demands (my broker changed it recently, that is why I'm uncertain about the true percentage calculation )?


    Thanks.

  6. #16
    Quote Originally Posted by ;
    Hello, Thank you for this particular method. This morning I got some whipsaw however I was placing trades manually in a hurry before hurrying to work so my error Abokwaik, is it possible to add an option to place the lot size manually, please? What happens if my account can't sustain a 0.5% trade? Will the EA start a trade utilizing the minimum lot size my broker demands (my broker changed it recently, that is why I'm not sure about the actual percentage calculation anymore)? Thanks.
    You can control the lot size utilizing the risk%. 0.5% is currently small = 0.005 of account balance, however if you like you can also use a smaller % (e.g. 0.1%).

    AND Yes, even when the calculated lot size is less than minimum lot allowed by the broker, the EA will utilize the minimum lot instead.
    Same goes for Max Lot.

  7. #17
    Hi Abotwaik,

    What about to add a field for pips above/below entry/exit? Something such as M0ndm4nn18 is writing.
    With this field we can deal with spreads, etc..

    Regards

  8. #18
    Quote Originally Posted by ;
    Hi Abotwaik, What about to add a field for pips above/below entry/exit? Something like M0ndm4nn18 is writing. With this field we could deal with spreads, etc.. Regards
    Already managed from the EA.

    Buy Stop Order @ candle top 2*spread.
    Sell Stop Order @ candle low - 1*spread.

    Along with course to your controller within the trigger candle from the phantom candle.

    P.S: I don't have any idea on what is M0ndm4nn18 is writing.

  9. #19
    Quote Originally Posted by ;
    quote Already Managed by the EA. Buy Stop Order @ candle top 2*spread. Sell Stop Order @ candle reduced - 1. Along with course to your control within the trigger candle from the phantom candle. P.S: I don't have any idea on what is M0ndm4nn18 is writing.
    Jajaja... don't worry. M0ndm4nn18 is in post #68.
    Thanks a lot for you support!!!!

  10. #20
    Quote Originally Posted by ;
    quote jajaja... do not worry. M0ndm4nn18 is in place #68. Thanks a lot for you support!!!!
    Oh, yeh. I missed that post.

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