attached one study on this method since last 16 june till 16 july.
if we use original jason fielder t/p we have a lost about 139 pips instead using, as i found and tested, as t/p the 70% of channel (70% has been rounded down example if value is 13,3 then t/p will be 13)we got total profit of 150 pips and if, with ea we can use some functions like lockinpip or something else, we can add more 55 pips.
Entry time must be till 23gmt and if any position is still open after 1gmt ea should get any profit available or reduce lost as possible.
During trading time 21gmt to 23gmt we can get into market anytime price will touch lower or high watermark.
Using only 70% t/p (w/o more 55 pipsand w/o any indicators) in one months got these results
total trades 21
winning % 71,43
sorry for my english..
Attached you find the v1.2 of LMT Autotrader EA, with the following fixes:
- money management should work now. Attention: not as many EAs this EA calculates the lot size based on the actual stop loss, not only based on available margin
- setting of break-even of 2nd position should work
- Trailing stop is only applied when a position is at break even
Backtest were ok, but I will forward test the EA to exclude other errors.
I still have very mixed results; probably the inclusion of support and resistance lines could help to avoid losses.
eurusd daily pair did well in backtest after a little optimizing however i could not get 90% model quality this time round or any pairs using LMT, max was 50%!
Last edited by wannaberich; 07-21-2009 at 11:39.
Great work Rolf,
Thanks for your time and allowing us to see your work.
I have had insane results with v1.2 on the eur/jpy Daily without changing a thing. Also good ones on the eur/usd....I just need to get the DD down. Using MM still seems to look like it could hurt you.
I did have DD down to 8% with better than reasonable returns but after all my testing forgot to save the set file
Anyway thanks again and once I get around to optimizing again will post the set file.