Lets tweak this system a bit New comment TraderSeven 2005.07.01 20:39 Finally, my first working system in MT4. Results are very nice. But there are a few problems. a] Large drawdown. Not due the nature of the system but because of some bug. b] Less than 50% of the trading opportunities are taken. (partly causes a) c] Pyramiding seems to be flawed; but that could also be due to a/b I tested with EURUSD d1 The fastest backtest gives almost holy grail results. The fractal backtest gives good results and suddenly an endless steep drawdown starts. (a/b) Strong point of this system is it's very high % of winning trades. The weak point is that you are often forced to take large positions. Besides the debugging a trailing stop must be implemented because it wil probebly give the profits a big boost. Forex Open.mq4 is an indicator. If the price breaks the outer bands the system should trade. Firebird.mq4 is the expert. Enters trades when outside the outer bars. Adds a position if price goes 30 pips above/below the previous trade. Profitable experts. I will write an advisor free of charge Iwillsurvive's Trading system goldstock 2005.07.07 20:01 #1 firebird?? forex open where do i find them please goldstock bradmanfx 2006.11.04 12:58 #2 Firebird EA Files: Firebird_Jap_Fixed_v1-0a.mq4 26 kb Firebird_v065tf.mq4 13 kb Firebird_v1oC1.mq4 29 kb Firebird-v63H04-TSMM.mq4 24 kb New comment
Finally, my first working system in MT4.
Results are very nice. But there are a few problems.
a] Large drawdown. Not due the nature of the system but because of some bug.
b] Less than 50% of the trading opportunities are taken. (partly causes a)
c] Pyramiding seems to be flawed; but that could also be due to a/b
I tested with EURUSD d1
The fastest backtest gives almost holy grail results.
The fractal backtest gives good results and suddenly an endless steep drawdown starts. (a/b)
Strong point of this system is it's very high % of winning trades.
The weak point is that you are often forced to take large positions.
Besides the debugging a trailing stop must be implemented because it wil probebly give the profits a big boost.
Forex Open.mq4 is an indicator. If the price breaks the outer bands the system should trade.
Firebird.mq4 is the expert. Enters trades when outside the outer bars. Adds a position if price goes 30 pips above/below the previous trade.