Dear iGoR,

I am a full time programmer and database administrator.

I imported all the daily data into SQL database, and get the result from SQL query for how many days over 100 pips, and other fingers. So that is the true fingers.

And I normally use 2 years M1 data to test strategy use SQL database and ASP. That is much faster than MT4 back-testing and more accurate close to the fact. If good result can be produced, than do the MT4 coding, that is easiest part.

For my understanding your strategy is take the most possible long or short position whatever price goes 50 pips within a day, for example EURUSD yesterday (02/10/06) from 1.2672 upto 1.2722, and then you are assume 1.2672 is the lowest point for EURUSD that day, and assume that day's range is 100 pips, and still assume most of time the price will not go to another way done to 1.2672 (if happened go to next step below), so you take long on 1.2722 and set S/L at 1.2672 and with Trailing Stop 40. that will be your first trading that day, is that right?

Again, you can enter the first trade on 440 trading days of 455 trading days.97%

The next step with your strategy is if the first trade ending loss and than take a reverse trade at whatever first trade ending point, so that will be your second trading that day and whatever happened, the second trade will be closed at 18:00 cet time(why that time, please explain), or there is some extra rules for second trade ? Please explain.

I need to calculate what is the per centage of second trade happened, because i think the second trade is more risky than the first trade, this strategy is based on daily range more than 80 pips (that is happened 68% of 455 trading days), and second trade is nothing related daily range, more is like gamble the odds (50% x 50% assume two trade both loss odds is 25%). I will test this strategy later to see is that better just take 30 T/P on first trade and forget about reverse or we do need gamble the odds.

Again, thanks very much for sharing your strategy. Hope to talk you soon.

Sorry about my English, that is not my mother language.

Thanks

Matt

We look for a price swing of 1/2 of the average day range (that is shown by our average daily range indicator). The day seperator 00.00cet on Alpari is our starting time. For other platforms it will be an other time but I pretty much convinced that over a longer period of time the results will be +/- the same. But if everyone agree on this we can maybe take 00.00cet for all of the calculations.

So if after 00.00cet a price swing from a high or a low was made of 1/2 of the average daily range we take our position. So there is no specifiec time for that. So it is not 1/2 of the range distance from the open. It is from a low or a high.
The moment that we take in that order we will TRAIL it with again 1/2 of the daily range. So if your position crossed the compleet daily range we can not loos any money because the trailingstop will become a breakeven stop. every pip we now cross more over the dailyrange is a pip that we can not loose anymore.

Orders are indeed closed at 18.00cet.

I know that you are a good programmer. If you make something for this system it would be much apriciated if you could share it ;--)

regards...iGoR

Hi IGor
Seems like a dull day today. Its 17:10 and no trades initiated in either of the 3 majors. Would it be advisable to trade now if a trade level is reached with only 40-50 minutes left for 18:00 cet?

Kevin

__________________
To be the best, you have to beat the rest!!!

It is better to be approximately right than precisely wrong

Hello Igor,

I have the same questions as Maji. Especially, what do we do with open orders at 18:00? Close all orders whether they are pending or open?

results for 3/10/2006


EUR/USD = - 2 pips
USD/CHF = no entry
GBP/USD = no entry
_________________
Total = - 2 pips

total over 4 days + 452 pips

Thanks Igor for your reply. Your system concept is similar to the BigBen concept. I will try and see what I can come up with.

As I said in my previous posting All positions are closed at 18.00cet. Pending orders is something we do not have.

regards...iGoR

Hi everyone,

Is there someone in the house that could make this indicator look like the image I posted ?
And not that we could see this today or present day but that it could place these squares historicaly ?...
This way we have a very nice visualisation and we could do also a reliable manual backtest.
If not possible with those colored squares maybe with lines ....


Many many thanks in advance...iGoR

Attached Images

d_b_o-system.gif (46.1 KB, 1600 views)

The logic behind this system is the following:
Price can move up and down around the opening price before it will choose a direction. If it makes 1/2 of the daily range around the opening price, we do not know if its gonna place the next 1/2 of the daily range above or bellow the 1st half.

1) If price breaks to the up side or down side of the 1st half of the daily range and continous the same direction for the rest of the day then everything above or bellow the break out is all profit.
2) If on the other hand, price breaks to the upside or down side but a bit later it descides to reverse and wants to place the 2nd half of the day range on the other side of the 1st breakout, then the trailingstop and reverse position comes into play and the profit that it makes on the 2nd half, cover the loss it made on the 1st false breakout.

In GENERALL and in AVERAGE the 2nd example will over a longer period of time lead to a breakeven situation. Small losses, small profits now and then a bigger loss and now and then a bigger profit.
But the 1st example, if there are very nice trending day were price never looks back, will lead to big profits. And if you look to a daily chart you will see on a regular base even days were price moves 2 x times the average daily range.

regards...iGoR

Hello Igor,
this indicator will mark the areas you wish, just set number of days and the time you want to mark.
Don't forget to set HighRange=TRUE

BEST REGARDS!

p.s. the indicator is from TSD, but i don't know the author

Attached Files

i-ParamonWorkTime.mq4 (5.2 KB, 389 views)