Is it because of favorable back test? The strategy seems logical enough and I wonder why it should perform poorly on other pairs.
If you can pls provide settings for all major currency pairs. Major and minor would be great.
Thanks.
Yes, you're right. The strategy is logical enough for most currency pairs. It is just a recommendation since EURCAD and GBPUSD are best performed and with low correlation.
You can try all pairs with the same setting in #3, except NZD, which the currency is with high spread and irregular movement. But still, they are all profitable. Please do enough back test for the best performance.
I'm okay with these pairs so I didn't go any further. You can explore the possibility of these daggers with different settings.
Brother Chan, the date and time inputs need more explanation from you before I can figure out why it traded when it did
The date and time inputs are not standard as in most was. It would be a better idea to drop date part and just keep time of day part.
The date time input refers to the time on the MT4 (the Market Watch), so the input may be different for some of the brokers while most brokers use GMT+3 recently.
>>It would be a better idea to drop date part and just keep time of day part.
Thanks for the suggestion =D Let me change it in the next minor version
rhapsody1: Brother Chan, why is slower market more suited to this trading method encapsulated in Damascus Dagger?
Nights are more stable and predictable for Bollinger Band to work in a manageable manner. So you could foresee that currency like CHF or CAD would have a better results in long run.
So I've only had GU trades this week so far, no EC. Is this normal or do I have something set incorrectly?
Probably because of the spread, EC should experience a higher spread this week since Easter holidays. You can either wait for a lower spread period, change another currency pairs, or increase the Max Spread paramter (default 20) if you wish.
Probably because of the spread, EC should experience a higher spread this week since Easter holidays. You can either wait for a lower spread period, change another currency pairs, or increase the Max Spread paramter (default 20) if you wish.
Hi there, thank you for your reply. Good to know - I'll leave it as is till next week then. Hopefully we'll see some trades then.
If I was going to consider other pairs, which ones would you recommend?
Rented.. can you kindly provide .sets for gbpusd also?
on attaching to chart in the top left corner it says "Not yet intialized".
What does that mean?
on attaching to chart in the top left corner it says "Not yet intialized".
What does that mean?
Rented.. can you kindly provide .sets for gbpusd also?
on attaching to chart in the top left corner it says "Not yet intialized".
What does that mean?
the same problem here. have mesage: not yet initialized
Probably because the market is not yet opened, Expert Advisors would not initialized before market opened, so you can try it again now.
And I use M5 for GBPUSD and EURCAD with this set file. =D
Hi,
Rented.
Why do you limit to the two currency pairs only.
Is it because of favorable back test? The strategy seems logical enough and I wonder why it should perform poorly on other pairs.
If you can pls provide settings for all major currency pairs. Major and minor would be great.
Thanks.
Hi,
Rented.
Why do you limit to the two currency pairs only.
Is it because of favorable back test? The strategy seems logical enough and I wonder why it should perform poorly on other pairs.
If you can pls provide settings for all major currency pairs. Major and minor would be great.
Thanks.
Yes, you're right. The strategy is logical enough for most currency pairs. It is just a recommendation since EURCAD and GBPUSD are best performed and with low correlation.
You can try all pairs with the same setting in #3, except NZD, which the currency is with high spread and irregular movement. But still, they are all profitable. Please do enough back test for the best performance.
I'm okay with these pairs so I didn't go any further. You can explore the possibility of these daggers with different settings.
brother Chan..many thanx for the replies!
two shorts on eurcad just closed profitably !
brother Chan..many thanx for the replies!
two shorts on eurcad just closed profitably !
Congrat but it was supposed to work on nights... just a reminder:
(GMT+0) 20:15 - 22:00
(GMT+3) 23:15 - 01:00
should have the best performace.
...though, my friend tell me that some pairs could run for whole day long.
so please message me your setting if you got a better result than me =PP
Brother Chan, the date and time inputs need more explanation from you before I can figure out why it traded when it did
The date and time inputs are not standard as in most was. It would be a better idea to drop date part and just keep time of day part.
Brother Chan, the date and time inputs need more explanation from you before I can figure out why it traded when it did
The date and time inputs are not standard as in most was. It would be a better idea to drop date part and just keep time of day part.
The date time input refers to the time on the MT4 (the Market Watch), so the input may be different for some of the brokers while most brokers use GMT+3 recently.
>>It would be a better idea to drop date part and just keep time of day part.
Thanks for the suggestion =D
Let me change it in the next minor version
Brother Chan, why is slower market more suited to this trading method encapsulated in Damascus Dagger?
Nights are more stable and predictable for Bollinger Band to work in a manageable manner. So you could foresee that currency like CHF or CAD would have a better results in long run.
can you also confirm that auto lot size percent 0.0 % and lot size 0.10 would get me the fixed lot size use?
You're right. Auto lot only used if lot size is 0.00
So I've only had GU trades this week so far, no EC. Is this normal or do I have something set incorrectly?
So I've only had GU trades this week so far, no EC. Is this normal or do I have something set incorrectly?
Probably because of the spread, EC should experience a higher spread this week since Easter holidays. You can either wait for a lower spread period, change another currency pairs, or increase the Max Spread paramter (default 20) if you wish.
Probably because of the spread, EC should experience a higher spread this week since Easter holidays. You can either wait for a lower spread period, change another currency pairs, or increase the Max Spread paramter (default 20) if you wish.
Hi there, thank you for your reply. Good to know - I'll leave it as is till next week then. Hopefully we'll see some trades then.
If I was going to consider other pairs, which ones would you recommend?
Hi there, thank you for your reply. Good to know - I'll leave it as is till next week then. Hopefully we'll see some trades then.
If I was going to consider other pairs, which ones would you recommend?
EURAUD, AUDCAD, GBPAUD, GBPCHF, etc.
Choose some and have a try in backtest ;)
EURAUD, AUDCAD, GBPAUD, GBPCHF, etc.
Choose some and have a try in backtest ;)
Tx mate, will do. Are you ever going to launch some signals for Damascus? Be good for us to compare our trades to your etc.
Tx mate, will do. Are you ever going to launch some signals for Damascus? Be good for us to compare our trades to your etc.
Sure, I just created demo one.
https://www.mql5.com/en/signals/416250
Let's see how is the result together for a week.
If it is good enough, go real :D