Quote:
Originally Posted by dxtrade
You are right...that was a setup and trade like in the books. Will not be like this all the time. I just was lucky to start this demonstration at the right moment  Anyway... when you posted here the first time we knew already that there will be heaps of fake arrows. It's written in post#1! |
And I was already looking for a filter solution before your post with 49 false signals beginning with CCI and someone else mentioned Stochastics.
I was also considering LSMA, HullMoving Average and nonLagMA as well.
The EA is still backtesting with 9 more hours to go.
There are already 9 settings that show profit in the range of $19000 on 85 or more trades and one with profit of $14000 with only 8% drawdown on 27 trades. Most have drawdown between 20 and 40%. This is mostly because of using stoploss of the high of the candle before entry plus 30 pips. That caused at least one very large loss.
Once this backtest is finished I will be trying the different exit methods, including CCI value at arrow, nonlagdot, LSMA, HMA and EMA cross.
One thing I did forget was to start the wait at 1. So these results started at 2. That seems to work best so far. Waiting longer causes more late entries to be taken sometimes with more profit but also greater drawdown.
Robert