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Author Topic: Good strategy - Needs improvement  (Read 1118 times)

Offline Daubert

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Good strategy - Needs improvement
« on: August 29, 2018, 05:07:02 PM »
Hi Guys,

I discovered a strategy over the weekend. I have coded it into an EA (Just the basic core of the EA). On backtesting over a 12 month period, it basically makes just over 10% a month.

I would really appreciate your help on this one. There are certain periods in the market where there are false moves and if I can find a way of eliminating or reducing them then this would be a good profitable strategy.

Indicators needed:
- 2 Exponential moving averages (Periods 6 and 15). I tested these and they work the best so far.
- ADX, period 14.

Strategy:
If fast EMA(6) is above the slow EMA(15) and ADX(14) is above the 25 value then place a trade (Long).
If fast EMA(6) is below the slow EMA(15) and ADX (14)is above the 25 value then place a trade (Short).

Take Profit = 60.
StopLoss = 20.

Check it out, it works very well. I don't have time at the moment to post screenshots, but it works well.

Tell me what you think. I will post screenshots tomorrow.

Please help me improve on this strategy.

Very easy to code though.

Thank you in advance.

Daubert

« Last Edit: August 30, 2018, 01:21:50 AM by Humble Trader's Fx »

Offline DamBuster

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Re: GOOD STRATEGY - NEEDS IMPROVEMENT
« Reply #1 on: August 29, 2018, 05:35:53 PM »
Please share the EA
« Last Edit: August 30, 2018, 07:58:19 AM by DamBuster »

Offline Daubert

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Re: Good strategy - Needs improvement
« Reply #2 on: August 29, 2018, 06:36:46 PM »
Hi Dambuster,

I will share the EA tomorrow since it is on my work laptop.

It is a basic one thou, but it works.

Although the EA is there, the answer does not lie with the EA but with a solid strategy.

Kind regards

Daubert
« Last Edit: August 29, 2018, 10:01:44 PM by HFT Group »

Online Humble Trader's Fx

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Re: Good strategy - Needs improvement
« Reply #3 on: August 30, 2018, 01:23:03 AM »
Hi Dambuster,

I will share the EA tomorrow since it is on my work laptop.

It is a basic one thou, but it works.

Although the EA is there, the answer does not lie with the EA but with a solid strategy.

Kind regards

Daubert

Hmmm, sounds like something Donbon2 can take up; let's see if he has something to relate to this strategy.

Donbon2?

Regards,
HumbleTrader
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Love is the ink, wisdom is the message.


Offline Daubert

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Re: Good strategy - Needs improvement
« Reply #4 on: August 30, 2018, 07:18:58 AM »
Here is the EA as requested.

Once again, very basic, but the strategy is also basic. I think we need more strategy here.

Offline FLechdrop

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Re: Good strategy - Needs improvement
« Reply #5 on: August 30, 2018, 11:45:47 AM »
Have you tried adding RSI? Or stochastics? Though that does not always work, either...

Offline drunkfx

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Re: Good strategy - Needs improvement
« Reply #6 on: August 30, 2018, 03:49:21 PM »
Have you tried adding RSI? Or stochastics? Though that does not always work, either...
Whatever stuff you add, they take information from price, so price comes ahead and indicator value after. In other words they lag and you are not likely to make money with them.

Online diyforexskills

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Re: Good strategy - Needs improvement
« Reply #7 on: August 31, 2018, 01:02:23 PM »
You could take a look at the zerolag indicators, like zerolag MACD. The signal line crosses zero earlier than normal MACD; but you can get some false moves so best to wait for at least a bar.
https://www.mql5.com/en/code/9993

Information and product page - http://www.diyforexskills.com/forex-tools/

Live trading accounts
https://www.fxblue.com/users/sydap2003axilive (FXAE Bollinger Band EAs)
https://www.fxblue.com/users/sydapaxilivepro (Magic Wand Trading) Not trading with this at the moment.




Online donbon2

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Re: Good strategy - Needs improvement
« Reply #8 on: August 31, 2018, 02:16:24 PM »
I will build it tomorrow and test it

personally I find ADX greater than 45 is alot better than 25
Broker - IC Markets   VPS - Amazon EC2 + CNS  

EA:
Powerflow NZDCAD
EA Lab MA Crossover

News - Thomson Reuters Eikon
Trade Manager - Visual Trading Console for MT4
Trading Rebates - through CashBackFX
Trade Notification EA - TradeTalk from FX Blue - free
VPS - I recommend Amazon EC2 - if you qualify for a Broker Sponsored one get CNS
PZ Support/Resistance Indicator / Day Trading Indicator


Online donbon2

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Re: Good strategy - Needs improvement
« Reply #9 on: August 31, 2018, 02:29:55 PM »
I saw yours and downloaded and tested in TDS it lost money on eurusd 15m 30m 60m

is there some specific currency pair it is designed to work on.

I have tested alot of MA stochs rsi they just dont work too well -- the market is too smart
Broker - IC Markets   VPS - Amazon EC2 + CNS  

EA:
Powerflow NZDCAD
EA Lab MA Crossover

News - Thomson Reuters Eikon
Trade Manager - Visual Trading Console for MT4
Trading Rebates - through CashBackFX
Trade Notification EA - TradeTalk from FX Blue - free
VPS - I recommend Amazon EC2 - if you qualify for a Broker Sponsored one get CNS
PZ Support/Resistance Indicator / Day Trading Indicator


Offline slimboydim

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Re: Good strategy - Needs improvement
« Reply #10 on: September 01, 2018, 09:36:41 AM »
Put this on the chart last night, wondered what time frame you'd seen success with?
Not keen on ADX myself, but always like to look at peoples ideas.

When looking at MA crosses I generally have N/L AMA on the chart.




 

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