I ran an optimization run on the system and the following are the top 10 parameters:
PHP Code:
95 6364.00 38 2.09 167.47 1000.00 7.20% LiveHour=6 LookBackHour=24 MaxOpenTradeHours=24 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
98 5900.00 47 1.77 125.53 1680.00 11.95% LiveHour=18 LookBackHour=24 MaxOpenTradeHours=24 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
96 4795.00 42 1.71 114.17 1280.00 10.33% LiveHour=10 LookBackHour=24 MaxOpenTradeHours=24 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
97 4515.00 43 1.64 105.00 1560.00 12.01% LiveHour=14 LookBackHour=24 MaxOpenTradeHours=24 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
22 3927.00 42 2.17 93.50 744.00 7.44% LiveHour=10 LookBackHour=24 MaxOpenTradeHours=8 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
24 3897.00 47 2.13 82.91 774.00 7.74% LiveHour=18 LookBackHour=24 MaxOpenTradeHours=8 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
23 3885.00 43 2.15 90.35 744.00 7.44% LiveHour=14 LookBackHour=24 MaxOpenTradeHours=8 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
91 3867.00 42 1.57 92.07 1160.00 10.36% LiveHour=6 LookBackHour=20 MaxOpenTradeHours=24 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
21 3843.00 38 2.16 101.13 744.00 7.44% LiveHour=6 LookBackHour=24 MaxOpenTradeHours=8 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
74 3752.00 38 1.70 98.74 1015.00 8.32% LiveHour=6 LookBackHour=24 MaxOpenTradeHours=20 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
Looks like opening at 15 hours work pretty well across the various lookback periods. However, some judgement should be used to figure out the most robust operating range.
Again, I would like some volunteers to run forward tests using different parameters. Also, using different lookback, and time of open hours, we can achieve some diversification that may help to smoothen out the equity curve.