Introducing PivotMagic EA
I have been working on a system that uses pivots with very simple pivot-related instructions. I derived those from an academic who teaches signals and is trader himself.
It seems to be working with almost no losses, but it is still in the very early development stages and needs lots of work. The code is still very very messy as well. So bear with me if you find unexpected results.
I would like to invite you folks to have a look at the backtesting I did for the system for the period May 1-26 for the pair: USDCHF on the 5-M chart. The result was an astounding 2300 pips . Also the modeling quality was acceptable (84%).
Also attached you'll find the EA so you could do your own testing. I believe that you'll have to play with the parameters somewhat to see how each is affecting every pair. I would love to know the optimum setting for that.
However, there are some disadvantages in the system:
1- It uses trailing stops a lot, meaning that one needs to stick with the system and ensures no connection failures, etc. would happen
2- It needs follow-up all the time because it takes long (multi-day) trades. Therefore, any backtest should be at least for a week.
3- Each pair needs to be dealt with separately because there are massive differences in the way they respond to this strategy. In fact, I noticed that some pairs don't like it at all!!!
4- The parameters in the EA are a bit delicate and could cause lots of confusion (particularly as every pair responds differently to each one of them)
5- It only works so far with the 5-M setup. Don't try anything else. I'll try to work on other options in the future.
I did testings for all major pairs and got good results on the backtester. Of course in reality, things are much different.
But with extra work and fine-tuning, I believe this one could be added to the list of winning strategies.
Please provide me with comments and suggestions first about the performance of the strategy and its negatives.
Here's a sneak peak at this specific test result:
IMPORTANT NOTE ABOUT THE TEST:
Given that this is a strategy based on continuity, the fact that the test abruptly stops at an specific point makes potential loss at the end of the test. I'm sure you'r familiar with this. So the best thing is to assume that the last potential loss (a few hundred pips sometimes) should not have been if the test was allowed to continue to a suitable point. In the future, I can also handle this easily with some conditional setup (e.g., ensure trade stops with profit (or minimum loss) before end of specific period).
Waiting for your remarks...
If you want to ask about the strategy itself. send me a PM or email, I'll be happy to show you. But I do hope you could help test it first.
investor_me
Linear Mode
