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Alright, here is a winning strategy (manually) and I’d like to conduct some tests to see what the ultimate parameters would be for an automated version depending of which pair it is used with (I trade 28 pairs):
If QQE crosses
And Gann crosses
within x number of bars
= enter trade
that’s it
need parameters for:
TP, SL, trailing stop, lot size, nb lots, etc (the usual stuff)
Wish list of conditions:
- check to make sure the spread is normal, if not, don’t enter
- if not using a TP, exit current and re-enter trade upon reverse signal
- enter only in the direction of the current TF trend (I have indicators for this, if required I’ll provide them).
- Set TP at BE after x number of pips
- Close-All open trades went x is reached (either positive or negative)
- Don’t open any new trade if margin/balance is lower than x
- sound alarm when either indicator crosses
- sound alarm when trade is taken
- sound alarm when trade is closed
I have attached the 2 indicators needed. Feel free to reprogram other versions of the algorithms if you prefer.
I respect programmers' work. So if anyone is interested, it will be up to them to either arrange for a price with me or provide it for the rest of the community. I, for my part, will make extensive tests for parameter optimizaton and post the results.
You also need 2 more indics :
- centre of gravity originally programmed by NG3110 (piece of art)
- signal bars info (originally programmed and modified for me by ccjjaa for which I am eternally grateful - free of charge)
For last Friday (and the last few Fridays), my criteria was simply fear of Sunday gaps (which are quite frequent and significant these days).
For the other exits, I try to secure small profit early in the trade - depending on the pair, this will range from between 5 - 10 pips, then I manually adjust my stop loss as the pair progresses.
The tests I will conduct if ever an EA is actually made will definitely include best exits depending on TF and pair. This will give us a "range" by which to set our goals (along with TPs and other parameters).
Currently I am eyeing eurchf short, close to gann crossing down and qqe as well, we shall see.
ok, finally had a chance to look at this. If all you're using is gann and qqe, why all the clutter with other indis? Are you filtering with the COG?
In your post #2, it looks like you're saying you entered at the first vertical line, trailed your sl down, and exited and the second vertical line. But what about all the trades in the middle? There are several points where gann and qqe reversed.
ok, finally had a chance to look at this. If all you're using is gann and qqe, why all the clutter with other indis? Are you filtering with the COG?
In your post #2, it looks like you're saying you entered at the first vertical line, trailed your sl down, and exited and the second vertical line. But what about all the trades in the middle? There are several points where gann and qqe reversed.
1. The COG is something I use simply for general trend direction. Line in the middle is pivot and the green lines/yellow lines are support & resistance. You don't need to have that indic., I provided it because it's part of the template I posted here and if you use a template that calls an indic. that you don't have, you'll get ongoing error messages in the journal and that can cause your platform to be slowed down.
2. The ADX is something I use also for trend strength vs ranging market, but it's kinda lying around, I don't use it a lot, I am not finding it adds anything to what I already see on my charts.
3. The signal bars is not an indicator per se, I use it mostly to quickly see where the spreads are before entering a trade as well as having an idea of the various daily ranges (I monitor 28 pairs, for instance gbpaud's daily range yesterday was in the order of 1300 pips whereas eurchf was 121, so this helps me figure out the strength or volatily of each pair at a given period).
As for the trade in the example, as I explained to someone who pm'd me about it, yes there were other trades in between like you mention - opportunities I suppose, but since I had a great entry, I simply trailed it down until it showed signs of going up - and I meant to exit anyway as it was Friday afternoon and these days we have a lot of sunday gaps (plus the fact that there was a G7 meeting + the fact that markets are totally crazy these days).
And don't forget that in that example, we're looking at a 5 min chart. Can't remember what the 1H was saying but have a look at it for Friday - I don't think it had recrossed up (the gann I mean) until a bit after I exited.
Here are the test results for testing QQE crossing only, checked for best Trailing Stop and Stop Loss combination, for 2008 (from jan 1 to oct 5 when I did the test). All trades are 0.1 lot (mini lot or 10,000 units, initial capital was 2k)::
As you can see, TS = 43 and SL = 740 area seem to give the best results and the account more than doubled at closing of test (about 118% over 10 months).
I then did a direct test (not optimization test) with the parameters TS = 43 and SL = 740 for 1 year (from oct 1 2007 to oct 1 2008) and here are the results:
Initial deposit: 2,000.00$
Balance: 5,390.58 $ Total net profit: 3,390.58$ (that’s almost 170% for the year)
Total nb of trades: 136
Relative drawdown: 32.94% (*see note below)
Profit factor: 2.49
Note: I believe that if we could have an EA which integrates the gann hilo, the drawdown would be decreased as it acts as a filter. It would also prove to be more profitable, as I manually made 1000 pips from a trade taken on aug 22 closed on sept 7 using both qqe and gann then manually trailing, whereas the tests for this period actually show a loss.
Please conduct some tests yourself to see if you get similar results. My modelling quality is usually excellent, but for some reason, it was n/a on this one (if anyone can provide a clue as to why this is, I’d be more than grateful and willing to redo the tests all over).
Linear Mode
