Thanks, Saintmo for this backtest. These results confirmed that mp6140's principles are correct by not using stoploss. Thus, the breakeven feature that will be added probably helps in reducing drawdown but not profit. We'll have to wait and test it.
Quote:
Originally Posted by saintmo
Attached are 4 optimization runs for 2007. All trade .1 lots at IBFX using a $50k account.
The first 3 (10:30, 20:00 & 24:00 est) were optimized on tp 1 through 10 at 1 pip steps and sl 0 through 30 at 5 pip steps. The profits improved in many cases (over the original 5 pip tp and 0 sl) and in some cases at the expense of an increased dd. It may be that certain of the times such as 20:00 just need to be dropped due to the drawdown/risk. In all cases sl of 0 was the only sl setting producing profits.
Consequently, I redid the most profitable time frame (10:30 est) with the same tp but with sl settings of 50 through 300 at 25 pip steps to see what a wider sl would produce (image #4). As you will see much reduced profits resulted -- but with lower dd as well.
Enjoy.
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