Explanations made by Matthew Kennel

Here is a modification of Mindagaus' v034 TSD EA that I made.
It has options to choose new entry locations, in addition
to the original O'Brien one pip above/below high/low..

They are entering on what I believe is Jacob Yego's rule, and another
on "Camarilla" breakout points I found on the net.

In general in brief backtesting, O'Brien's original is most profitable,
followed by Camarilla. The Yego modification, as I programmed it,
does not appear to be so great on currencies other than EUR/USD.

I'd appreciate people to look this over.

Mindagaus if you want to add this stuff to your 'reference' versions,
that's great.


Also a suggestion regarding the trend-determination experiements:
If you go to look at PERIOD_D1 instead of PERIOD_W1, consider
also changing the points that you use to compute the Direction.
I.e. instead of 1st and 2nd back, try something like 2nd back to 5th back
to compare against. (Probably not the 1st back on a daily since you are looking
for short-term counter trends to enter)

Attached Files

TSD_MT4_MR_Trade_0_34b.mq4 (19.8 KB, 195 views)