Developing a System #3 (Dachel's trading system)
Submitted by Edward Revy on June 25, 2008 - 04:21.
Hello, My name is Dachel and I developed a system this week which looks very nice. Maybe we can improve it a little bit more coz im still on backtesting and is not yet the final system.
Anyway..........here it is.
I used (IBFX) to perform the back test.
Here's the deal.
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Amazing Dachel,
Your trading system proved somewhat robust and actually produced more than 100% profit in just over a year (since May 2007) using a conservative 2% risk parameter with 0.2 lots. I implemented the steps noted into an Expert Advisor (using MT4) and came out with impressive results. I couldn't upload the image here, but its summary is the following:
Initial deposit 10000.00
Total net profit 10739.31
Gross profit 19794.19
Gross loss -9054.88
Profit factor 2.19
Expected payoff 42.28
Absolute drawdown 293.02
Maximal drawdown 1110.72 (7.97%)
Relative drawdown 7.97% (1110.72)
Total trades 254
Short positions (won %) 115 (59.13%)
Long positions (won %) 139 (64.03%)
Profit trades (% of total) 157 (61.81%)
Loss trades (% of total) 97 (38.19%)
Largest profit trade 419.07 loss trade -348.60
Average profit trade 126.08 loss trade -93.35
Maximum consecutive wins (profit in money) 16 (1641.21)
Maximum consecutive losses (loss in money) 9 (-617.53)
Maximal consecutive profit (count of wins) 1667.04 (8)
Maximal consecutive loss (count of losses) -997.61 (6)
Average consecutive wins 3
Average consecutive losses 2
When I tested the same EA for the different currencies and found the best results with the daily chart with GBPJPY, while with other currencies such as EURUSD, GBPUSD, USDCHF, I got terrible results (wiped out the account!) So there must be something to do with the characteristics of the GBPJPY pair that makes it work. Furthermore, things started to go problematic from May 2008 to today.
If you need the EA or the reports, email me at investordotme(at)gmail.com (replace dot with '.')
Great job! I'm trying to optimize the EA with different parameters to see what fits most!
Dachel
dachelm@yahoo.es
That's so good to hear. The good thing about having an EA is that speed up the process of improve the system and is way better than test by hand LOL. Keep the good work. I will soon upload another system which is very effective but slow so we need to improve it too ok?
Thanks
Dachel
I have a question about the timeframe??
how about the 1st 4h candle??
is the 1st 4h candle as good as the 2nd 4h candle??
can anybody give a test about this ??
thanks
Well maybe you can test it. After all that's why we are all sharing our thoughts here right?
Thanks for the interest, a help from you will be appreciated if you decide to test it.
Dachel
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