In bouncingPipEA_BigBear21 and bouncingPipEA_mPowerV41 the logic for entry is AND. Any entry filters selected for testing must be OK for the trade to take place.


The bouncingPipEA_BigBear21 EA has an additional entry for FilterSignalCandle. The default is 0 causing the EA to check the filter indicator(s) on the current open candle where the trade is being triggered. By using 1 the EA will check the most recent closed cadle for the filter indicator.

Exit methods uses OR so that if any of the exit methods selected shows to exit the trade the trade is closed.

Robert

I do believe that money is always in the exit, never in the enter (even a simple ma cross is enough to get in). The "One" who seems to be the champion in this (when exit) is KAMA. Give it a try, and average your win/loss ratio after ten or fifteen trades. (wait for opposite dot to exit and adjust parameters accrding to your risk acceptance).

Attached Files

Var Mov Avg3.mq4 (4.1 KB, 218 views)

What settings and what are the rules for exiting buy and sell?

Robert

I believe youve got it!!

I tested from jul through today and this is what happened.

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2007-09-20_160510.jpg (237.4 KB, 977 views)

First, cheers to all mates with great efforts & participations in this valuable thread.

Forex11, have u considered the repaint issue in the backtest, what i mean does this EA is considering the repaint issue?

BK

Hi Tunrupvol,

Could you please explain what the EXACT exit rule would be.
If the crossing of the blue and brown line is the exit then indeed it is razor sharp but then again it gives a lot of false or unnescessary exits were one should stay in a trade because a lot of profit is missed out ( crossing is crossing or exit is exit...there is no way that you can get back in)
The same goes for the crossing of the blue and green line.
The crossing of the brown and green, in many casses doesn't happen at all so one would stay in his trade even after going back seriously the wrong way, if he deppends on that rule.

So do I overlook something? Remember , a good exit indicator is an indicator that is not to quick nore to late. It's an indicator that in average will do the job. Meaning give back some profit from an ideal point but keep you in a position were meaningless moves happens ( the blue line reacts on every meaningless move).

Even do that I believe it is a very good indicator for a discretionary trader. But I have serious doubts in a mecanical system.

friendly regards..iGoR

__________________
Succes comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
To avoid a lot of false trades ask yourself the question:...Am I desperatly looking for a trend because I want to trade...or am I taking a trade because the trend is there...(iGoR)

Hi Forex11,

I don't want to spoil you party absolutly not. I don't want to be a pain in the ass nore distructive but is it possible before making claims as "you got it ....I tested it over a 2 1/2 month period" that at least you could run a backtest over a 5 year period.
We all know that volatility pick up again since the month of june.

How reliable is a test over such a short period with so few trades ?...It is the same as you would say EUREKA I found a cure against cancer...I have tested it on 1 chimp 2 mize and 5 people and over a 6 month period ( we all know that a medicin gets released after a 10 year test faze--after having so many problems with softenon been tested over only a 3 year period)).

If you want I gonna help to supply you the data but please do this a little bit professional. The test didn't even contain any "out of sample data".
So the reliability is zero.
I don't mean or want to say that the system doesn't work or is not a great system but the results as presented now, can not be trusted at all.

hopefully you want attack me because you feel this as tempering your euforic feelings. As I said I REALY want to be helpfull.

regards...iGoR

PS. We are with a bunch of people here who have the brains and the skills so do it professionaly and not as the steinutz topic were test were run that were not to be trusted at all but looked very good and afterworths everybody burned their accounts (no offence at all to robert--he was not in charge). Give it at least a reliable shot...

__________________
Succes comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
To avoid a lot of false trades ask yourself the question:...Am I desperatly looking for a trend because I want to trade...or am I taking a trade because the trend is there...(iGoR)

everyone is intitled to their opinion.

forget what I said...

__________________
Succes comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
To avoid a lot of false trades ask yourself the question:...Am I desperatly looking for a trend because I want to trade...or am I taking a trade because the trend is there...(iGoR)

I think I missed something...

Which version of the EA did you use and which filters? What TF?

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