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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=$73, Abs. DD=499, MaxDD=%34, Rel.DD=55, and #of trades=2797. The graph is a nice upsloping smooth curve with no stoploss hit.
The MaxDD of %34 percent is a little higher than in the other versions best settings. I think this is mostly because in v0.031 I'm using a larger pip step of 10 pips which translates to higher drawdown before reaching recovery.
Cheers
Oh, really?
Why you don't post your test results?
I tested all versions of 10p3 and in my opinion best is 10p3v0.03.
I also start forward testing this version a moth ago. Up to date I can say:
stay away from any JPY pair!
For a deposit of 1200$ profit is ~500$ and max DD 35%,
I removed all JPY pairs and will see how it perform in future.
As for newer versions I can't find better results than 10p3v0.03 no matter what settings I try...
Hi,
is the timefilter important? When I deactivate it, I have much better results.
Main function of TimeFilter is to eleminate trading during New York session. Ofcourse if you disable it, chances of getting more trades(more profit) or even blow up the account will be greater. Give and take. I choose to stay in the market longer.
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
I tested all versions of 10p3 and in my opinion best is 10p3v0.03.
I also start forward testing this version a moth ago. Up to date I can say:
stay away from any JPY pair!
For a deposit of 1200$ profit is ~500$ and max DD 35%,
I removed all JPY pairs and will see how it perform in future.
As for newer versions I can't find better results than 10p3v0.03 no matter what settings I try...
Here are my results with your settings.
Wow, I am dissapointed to see you did not get the same result. I used previously downloaded metaquotes data and it said modeling quality 89.96%. Sorry, I don't know how to post my stategy tester report. Are you using Alpari data? One thing's for sure, our data is different. I've had bad experiences using what I thought was safe settings and having it blow up in live trading.
Main function of TimeFilter is to eleminate trading during New York session. Ofcourse if you disable it, chances of getting more trades(more profit) or even blow up the account will be greater. Give and take. I choose to stay in the market longer.
See in this chart where I drew an arrow over the bar, it should have taken the next sell order on this bar at 10 pips above the previous order and it didn't resulting in a net loss on this group of trades. This could be just a glitch with the backtester.
@neoo
now I´m totally confused. Enforcer posted this and you that. Whats right now, whats wrong?
You´ve used timeframe 15? So you have a shorter time for testing. Please use timeframe 60 and tell us the date from/til. Ive tested from 01.01.07 there is more happen. Take a look on your consecutive loss. I think, its too much or is the absolute drawdown more important? Which settings you have used?
Thanks!
Last edited by erdenmensch; 06-14-2008 at 07:16 PM.
I used fresh downloaded data from Metaquotes.
Do a fresh download and test again, I got bogus results with a lot of EAs and everything changed after a new download.
With Metatrader offline go to tester/history and delete all content.
Do the same to history/downloads.
Open Metatrader and press F2, download data for pair you desire.
live performance in June till last week, not that good, less than 10%, but satisfied for less than 50% in one and half month. trading detail as attached.
Adjusted some parameters this month so the profit less than last month but avoided margin call. June is very dangerous for the 10p ea, coz it goes up and down for more than 200 pips. There're twice opened max single 1.28 lots which are obviously shown in the chart below.
Linear Mode
