Advanced system #14-a (Automated Simple Trading with Daily Range)

The problem with this EA is that it needs a little more programming.

I have one that does a similar thing in the morning, it has been tested on most currency pairs and has sensible comments so settings can be changed.

Test results were varied for different currencies, they showed (Yes, no need to tell it what day it is) that most would lose money, or were indifferent, however a few achieved good results.

I am thinking of taking some of the coding from this one and the one I have and making an improved version using the ideals generated by both, to create an automated trading EA that uses this ones rules, added to the one I have that works properly.

I will then do some backtesting and if there are any good results will post a link to them here.

I will then trade live and if that works out ok will post a link to those.

It should be interesting to say the least.

I have bought and tested LOTS of these, nearly 99% were FAILURES in testing, the other 1% were quite amazing during testing, but failed in live account, not being able to move or close trades properly themselves.

Steve.
Realincome.

Hi Steve - RealIncome
Did you ever code an EA to test this strategy.
Ron

Hi,

Please find below an EA and a report based on 5 years of backtesting (FXDD data).
This is not about the EA posted, but about Stuart's strategy of the previous post (which is closed, so i'm here).
It uses the 72 las hours to determine the average daily range. But you can play with the parameters.

Strategy_Tester_System_SOS_H1.pdf
System_SOS_H1_1.mq4

I tried to filter trades with SMA 200 or with stochastics (commented in the code), but it did not improve the results.

As you can see, the strategy is neutral for 3 years, then there is a drawdown and finally a long profitable growth.
The interesting point is that if you plot a std deviation curve, you'll see that neutrality goes with limited volatility (low std dev.) And vice versa.

My guess is that we could improve the strategy by moving the IN and OUT and SL and TP points according to volatility. I'm quite new to all this and I'm not sure how to do it. Any id is welcome, i'll try it out and update the EA.

Note to Edward: I have tried several strategies of your site with EAs. I didn't really work well, but it's not necessarily due to thestrategies (me, coding erros, money mgmt,etc.) Many posts are closed and I'd like to post a couple of EAs to challenge the community. How and where should I do it??

Thanks a lot to Edward and all contributors for this great website.

Nathan

Hi Nathan,

It would be great if you could post the EAs and challenge the traders.
(I'm not able to code indicators and EAs for MT4, so there isn't much I can help with, unfortunately).

Strategy comments like these aren't easy to find and follow for regular users, so I think the best way would be to create a topic at our Forum here:
http://forums.forex-strategies-revealed.com/
where you can work on EAs and have other developers contribute to it as well.

Best regards,
Edward

Hi Edward,

Thanks for your reply. I've been working on several strategies these days, I will post a few EA's next week.

Best regards,

Nathan