Quote:
Originally Posted by mrebersv
Well I've had v0.3 ready since late last night, but with the markets closed right now, I haven't done a single trade of testing on it, so I don't want to release it yet. I've changed the EA so that you can specify the short time frame and long time frame variables (shortTF and longTF in the EA inputs) for anyone looking to test this on different time frames than 30/60. I really want to test this before releasing it since I sort of coded the new trailing stop implementation over a few different sessions, so it is possible that I've missed something or messed something up.
Just out of curiosity, is anyone still following this thread?
-MRE-
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Thanks for your previous post MRE, and for donating your time. The incorporation of the adjustable time frames will be very nice. Basically if you set both TFs to 240 you have my longer term gbp/jpy system I also trade live on Fibonacci Trader.
This 4hr system is as basic as it gets. I just trade long positions on QQE crossovers on the 4hr time frame. No stop loss or take profit. The RSI period setting on the QQE is set to 10 instead of 14. I found 10 was more optimized for gpb/jpy.
You have to watch it with money management with this one. I only risk 1% on these trades because you can get caught in some wild swings at times and can take drawdowns of a few hundred pips if it you get caught in a retrace and it only trades a few times a month. But you see the biggest winner is over 800 pips and the biggest loser is 188.
But I'll post a shot of its performance since January 30th below. Its got a profit factor of over 3.3 and almost 3600 pips in 9 months. This system is profitable if you go long and short, but I go long only now because its profit factor is higher and I get the swap.