ATR Bound EA - Page 2

jonescu · 06-12-2009, 08:00 AM

Quote:

Originally Posted by Styex

Alright I have a few minutes to write a quick update. So far we have a great foundation for this system and only a few things need tweak, I'll discuss that later.

But on the bright side, even as a first draft, the system was able to be profitable. Attached are the two equity curves from the back testing used on the EUR/USD using a daily time frame. I tweaked the second one changing the take profit to 1ATRs which improved the winning %. I will be doing some more tweaking and refining much later tonight, but for now we are off to a great start.

Cheers!

Nice! Just let me know if it's working as expected (as per rules in 1st post) and what logic should I incorporate into code.

All the best,
jonescu

Styex · 06-15-2009, 05:35 PM

Okay so here are some of the things I noticed and think could affect the EA. Currently the trigger is a second MA instead of the price which I believe is causing a few problems in execution.

The next big thing I noticed is that the 3 MA being used to indicate slope is a poor indicator of trend. I spend most of the weekend trying to figure out a better way to indicate trend and am still at a crossroad. Currently I am leaning in the direction of using the two components of ADX, +ADX and -ADX as triggers. An example would be:
Long only when +ADX > 20
Short only when -ADX > 20

The last major change that needs to be implemented is a dynamic Stop Loss and Take profit. The stop loss should trailing as the opposite 1 ATR and the Take Profit should be the outer ATR level.

That should be a good start to update the EA, I will post later today hopefully with more specified details.

Styex