Hi all,
Finally some results from me. It's again only as of November but on M1 it still makes about 150 trades to this day.
The major entry, exit, P/T, and Balance column are for this system:
ENTRY:
Last SATL and Chandelier both close blue/red
Last W%R closes below -95 / above -5
No reentries until opposite side of W%R has been reached and the price has retraced back
No entries before 7:00 am CET, after 10:00 pm CET, 30 minutes before major news (marked red on
http://www.forexfactory.com/calendar...h=2&year=2007), or 10 minutes after the news
No entries Friday afternoon (as of 1 pm CET)
EXIT:
Initial SL 1 pip below/above last Chandelier
When entering long with price below Chandelier or within 5 pips above (other way around for short positions), use no SL
Exit when W%R closes above -5 / below -95 and/or SATL changes color and/or Chandelier changes color
Exit 5 minutes before major news, 5 minutes before midnight, or 5 minutes before 1 pm Friday
I.e. basic SimbaSystem with no trading around the news and with using W%R for entry. I chose this so that we can see what move (way up or way down or sideways) the market really made after the entry. For example, 20 pips TP would only have told us whether or not it moved 20 pips in our direction. I also allowed for long entries with price slightly above or even below Chandelier (opposite for short) till the top of the hour when we know if that Chandelier is still valid or not.
Besides that you can see what levels of TP (both in terms of pips and in terms of multiples of distance from Chandelier at the time of our entry) would have been reached. You can see initial distances from SATL and Chandelier (positive number means price ahead of the indicator (above for long, below for short), negative means the contrary). At the end of the file, you will find a quick analysis of the distance to Chandelier - it seems to me that we should pay attention to this issue. I also tried to do the same for SATL but from there I couldn't derive any dependencies. What is your opinion?
After we agree on these distances, I would suggest to solve the TP issue. Or do you think that W%R would be better to be used for exits? In M5, it didn't really work out.
Well, sorry it took so long... that's the way manual backtests are. Well I admit I ran away from it time to time and wanted to read "just a few more" pages of Hurst's book
I can't deny that, as far as the backtests that are up next, I would appreciate some division of labor. On the other hand, I would suggest that we wait for the testing EA to be finished so that we can do the partial tests this way which is obviously a lot faster. This apply to all the backtests we've spoken about -- and plus, I would suggest some backtest associated with SimbaConMan - I'd like to see it at work as an indicator in SimbaSystem. Still though, the more people help us with it, the even faster we will come to some conclusions.
Simba, what is your opinion on the backtest and on the next steps?
Edit:
I forgot to talk about money management. The account is $2,000 and one position is one minilot, i.e. 1 pip = $1.00. This should be in accordance with what Simba said about my last backtest, which was with same money management like this one, only I didn't mention it there
I used 4 pips as spread and 1 pip as slippage. In the preceding tests I used larger slippage because I thought it was right -- I don't have live experience, I don't know what slippage is common.
Take care everyone