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Are you still running Testing? If so how it is doing? I have been following the thread for a while and I am a fan of the 10p3. I use a modifided version of it myself.
ken
Quote:
Originally Posted by newdigital
Sorry, it is 11 pairs. H1 timeframe. Fully automatic method (I will trade in semi-automatic in February) - just set and forget way.
Shared many times on this thread.
It is same version with davidke20's settings (i just changed timefilter options in the settings a little) and with azmel's recommended minimum deposit (estimated during the forwars testing).
Read this thread starting from page #300.
Or:
- forward testing 10p3v0.03: my settings with 10p3v0.03 for this 11 pairs. EA is on this post http://www.forex-tsd.com/171128-post3121.html
By the way new version (10p3v1.00 EA from this thread 10p3 - Multi currency pair ) should be more safe: minimum deposit requirment should be less and more safe version of the EA.
Last edited by newdigital; 06-12-2008 at 04:50 PM.
I understand 10points3v0.03 is safer than 10points3v0.02 because after a win it does not add more orders on the same bar. That seems to be a nice filter in the winning direction as ND forward testing continues to confirm.
But what about in the losing direction? When the market moves against us by our minimum pip step it adds the next order at three times the lot size. What if we added a filter requiring both a minimum pip step against us and a wait until the NEXT BAR before adding the next order.
I witnessed a loss just recently where the EURUSD market moved against me adding four progressions on the same bar and then continued to my stop loss of 160pips. Replay this with a new logic. When the progressions #2, #3, #4, and #5 would not have been added until at least the open of subsequent bars as the price plummeted against me. The loss would have been easily avoided. What would be the odds of a market moving against you five bars in a row without a little recovery/ retracement? The program could thereby adapt to volatile market conditions such as rapid expansion from a narrow range. I'm hoping davidke20 will read this and consider the idea worthy of coding a new, safer version.
I understand 10points3v0.03 is safer than 10points3v0.02 because after a win it does not add more orders on the same bar. That seems to be a nice filter in the winning direction as ND forward testing continues to confirm.
But what about in the losing direction? When the market moves against us by our minimum pip step it adds the next order at three times the lot size. What if we added a filter requiring both a minimum pip step against us and a wait until the NEXT BAR before adding the next order.
I witnessed a loss just recently where the EURUSD market moved against me adding four progressions on the same bar and then continued to my stop loss of 160pips. Replay this with a new logic. When the progressions #2, #3, #4, and #5 would not have been added until at least the open of subsequent bars as the price plummeted against me. The loss would have been easily avoided. What would be the odds of a market moving against you five bars in a row without a little recovery/ retracement? The program could thereby adapt to volatile market conditions such as rapid expansion from a narrow range. I'm hoping davidke20 will read this and consider the idea worthy of coding a new, safer version.
many thanks
As per request, I've added the new filter of no opening new position on the same bar. Please test out and let me know.
Regards
David
__________________
"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore
No I dont! Perhaps, you must be overlooked. Neoo asked me 7 minutes ago, and I coded it in 7 minutes time.
Regards
David
__________________
"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore
As per request, I've added the new filter of no opening new position on the same bar. Please test out and let me know.
Regards
David
I've not had a chance to forward test, but the backtest results for 10p3v0.031 look promising. The profits are nearly twice as large as with my safest settings for 10points3v0.02. By safest I mean that no stoploss was hit during the entire backtest which uses metaquotes data for the last eight and a half years. The settings are for 10p3v0.031 on EURUSD M15 as follows: Deposit was $2000.00, Max trades=5, TP=22, pips=10, OTP=4, Trading range=14, SL=160, MACD=12,26,9, Shift=1, Timefilter=false.
Results were a net profit of $204,364.00 PF=2.2, Payoff=$73, Abs. DD=499, MaxDD=%34, Rel.DD=55, and #of trades=2797. The graph is a nice upsloping smooth curve with no stoploss hit.
The MaxDD of %34 percent is a little higher than in the other versions best settings. I think this is mostly because in v0.031 I'm using a larger pip step of 10 pips which translates to higher drawdown before reaching recovery.
I will test it.
Linear Mode
