Results 1 to 4 of 4
 1 Attachment(s)    

Thread: Breakout system (diversify Mart. option?)

  1. #1

    Default Breakout system (diversify Mart. option?)

    I have manually back tested this over the month of October and made 800 + pips for that month.

    Pair Eur/jpy
    Box around 3.30 - 5.30 gmt prices to get the high and low of that time period.
    Use those 2 prices for trade entrys(higher price for buys lower price for sells). Every time the price penetrates that price by 2 pips open order with 50tp 25sl 20 pip set break even. Lower price is for sell orders high price for buy orders.

    I know that this pair works for the last 2 months. find more pairs that are uncorrelated(or function on a different time breakout box) that the above system works for(after optimize). Group these pairs to create a diversified martingale same as suggested on the Hienke aski thread.
    If a pair records a loss then next orders to open on any of those pairs starts to martingale to recover that loss.

    Is this possible? Can anyone see problems with this system?

    thanks

  2. #2
    Administrator funyoo's Avatar
    Join Date
    Sep 2008
    Posts
    7,003

    Default

    Quote Originally Posted by nevic View Post
    I have manually back tested this over the month of October and made 800 + pips for that month.

    Pair Eur/jpy
    Box around 3.30 - 5.30 gmt prices to get the high and low of that time period.
    Use those 2 prices for trade entrys(higher price for buys lower price for sells). Every time the price penetrates that price by 2 pips open order with 50tp 25sl 20 pip set break even. Lower price is for sell orders high price for buy orders.

    I know that this pair works for the last 2 months. find more pairs that are uncorrelated(or function on a different time breakout box) that the above system works for(after optimize). Group these pairs to create a diversified martingale same as suggested on the Hienke aski thread.
    If a pair records a loss then next orders to open on any of those pairs starts to martingale to recover that loss.

    Is this possible? Can anyone see problems with this system?

    thanks
    Hi nevic,

    Here it is.

    To use the martingale properly, set maxtrades=1. You have to let the same magic number for all symbols when you set diversification on true.
    Attached Files Attached Files

  3. #3
    Junior Member
    Join Date
    Feb 2010
    Posts
    1

    Default Problem

    I've been trying to test this ea and it won't trade on a back test. Even though I've set the box start and box end times it displays "0" for the box high and box low. Not sure if I'm doing something wrong or if there is a problem in the code.

    By the way, I just joined the elite section, and the forum for that matter and just wanted to say hello to everyone.

  4. #4

    Default

    Quote Originally Posted by bluecollar View Post
    I've been trying to test this ea and it won't trade on a back test. Even though I've set the box start and box end times it displays "0" for the box high and box low. Not sure if I'm doing something wrong or if there is a problem in the code.

    By the way, I just joined the elite section, and the forum for that matter and just wanted to say hello to everyone.
    Hi bluecoller, are there any remarks in the journal tab?

Similar Threads

  1. CCI breakout system
    By fxtester in forum Ideas for manual systems
    Replies: 0
    Last Post: 08-25-2014, 14:53
  2. Breakout System for H1-H4
    By mike1982 in forum Ideas for expert advisors
    Replies: 1
    Last Post: 12-13-2008, 20:48
  3. Forex Breakout System
    By bnbb2004 in forum Ideas for expert advisors
    Replies: 3
    Last Post: 11-11-2008, 01:55
  4. SMA AO SH Forex Breakout System EA
    By funyoo in forum Expert advisors backtesting
    Replies: 1
    Last Post: 11-10-2008, 16:52

Tags for this Thread

breakout, elite, eur, high, low, magic, magic number, martingale, pairs, pips, sells, system, test, time

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •