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Wow Oilfx, never thought I'd hear you say something positive about Hans' strategy - you have always been less than complementary in the past...
FWIW, I forward tested this strategy for almost a year, until another strategy on the same account blew it, so I never bothered restarting it. And yes, it was profitable during this period. Unfortunately, the drawdowns that it sees would ensure that I would never trade it with real money - but that's just me...
Jgerousis has been live-testing this since Jan '07 but the link he posted a page or so back now goes to some ugly advert site, not the cool multiple live strategy results he had before - shame...
Wow Oilfx, never thought I'd hear you say something positive about Hans' strategy - you have always been less than complementary in the past...
FWIW, I forward tested this strategy for almost a year, until another strategy on the same account blew it, so I never bothered restarting it. And yes, it was profitable during this period. Unfortunately, the drawdowns that it sees would ensure that I would never trade it with real money - but that's just me...
Jgerousis has been live-testing this since Jan '07 but the link he posted a page or so back now goes to some ugly advert site, not the cool multiple live strategy results he had before - shame...
Omlette
A 1500 pip drawdown for 4 trades equates to around 400 pips average per trade/pair.It is in line with most of the profitable strategies
You have to look at all these strategies negatively and the worst case scenario
Traders misused the strategy and relied on it solely
No reason why it can not be used as part of a portfolio of expert advisors
//---- input parameters
extern int Start1=10; //begin of the first session; time adjust by your broker time
extern int Start2=14; //begin of the second session
extern int EOD=20; //time for closing orders at end of day
extern int FridayClosing=20; //broker friday closing time
extern bool FirstSessionOnly=0; //if it equals 1, it trades the first range only (for testing)
extern int Length=4; //length of range for determining high/low
extern int Pips=5; //trigger above/bellow range
extern int StopLoss=33; // 50
extern int BreakEven=18; //if equals 0 - disabled
extern int TrailingStop=0; //if equals 0 - disabled
extern int TakeProfit=120; // 80
extern double Lots=1;
extern string s4="//====GMACD settings====//";
extern int FastEMA = 8;
extern int SlowEMA = 17;
extern int SignalSMA = 9;
bool gmacdbuysignal=false;
bool gmacdsellsignal=false;
//+------------------------------------------------------------------+
//| expert start function |
//+------------------------------------------------------------------+
int start()
{
You had a lot of spaces in your code which was giving off many errors. I closed the spaces and made no other changes and then backtested the code to make sure it ran properly, which it did.
//---- input parameters
extern int Start1=10; //begin of the first session; time adjust by your broker time
extern int Start2=14; //begin of the second session
extern int EOD=20; //time for closing orders at end of day
extern int FridayClosing=20; //broker friday closing time
extern bool FirstSessionOnly=0; //if it equals 1, it trades the first range only (for testing)
extern int Length=4; //length of range for determining high/low
extern int Pips=5; //trigger above/bellow range
extern int StopLoss=33; // 50
extern int BreakEven=18; //if equals 0 - disabled
extern int TrailingStop=0; //if equals 0 - disabled
extern int TakeProfit=120; // 80
extern double Lots=1;
extern string s4="//====GMACD settings====//";
extern int FastEMA = 8;
extern int SlowEMA = 17;
extern int SignalSMA = 9;
bool gmacdbuysignal=false;
bool gmacdsellsignal=false;
//+------------------------------------------------------------------+
//| expert start function |
//+------------------------------------------------------------------+
int start()
{