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- 1ka replied Jan 17, 2009
(Converts to cents, adds to total and now has roughly 4 cents, yay!) If two people suggest the same thing in the space of a day then there must be something in it. Enough already, I'll test breaking out at the inner bar and not the outer bar.
Inside Bar Trading Revisited...
- 1ka replied Jan 17, 2009
Thanks Pippo, I'd not heard of this before, so will investigate. This might save me the need to do any indicator work (assuming it does what I think it might do
Inside Bar Trading Revisited)
- 1ka replied Jan 17, 2009
EA - Write Your Own Indicator — Well, you asked for it (or at least thinkpip did
Inside Bar Trading Revisited) There is a generic interface that allows you to write your own code that will help the EA decide whether a trade is valid or not. To get started: Put the ...
- 1ka replied Jan 16, 2009
I'm not sure what part you don't get, so let me run through the workings. All testing is done on EURUSD 30M for the whole of 2008 unless otherwise stated. The first result is for the IB method without using any 'indicators' to reduce false ...
- 1ka replied Jan 16, 2009
Hi Anto, Thanks for your explanation. You are not wrong, just working in a different way
Inside Bar Trading RevisitedI think your method of starting the breakout 10 pips away from the inside bar works well at the higher timescales, such as daily one you use. At the lower ...
- 1ka replied Jan 16, 2009
Who said cut? — You all spotted the flaw with this, right? Yep, to get that 92% figure we're only trading 6% of the possible trades. We've thrown the baby out with the bathwater. We should be able to get this win ratio without cutting so many ...
Inside Bar Trading Revisited
- 1ka replied Jan 16, 2009
EA - Forex 101 — Everyone knows that you don't trade on a single indicator, right? Even a noob like me knows that. And I'm a real noob. The noobiest of noobs ;-) So what if we mix the TOM, Trend and RSI indicators that we've used up to now? ...
Inside Bar Trading Revisited
- 1ka replied Jan 16, 2009
EA - Daily Trend — Another aspect of the pure IB trading technique is to be mindful of the overall trend, as well as TOM. So, if we calculate the overall trend from the Daily Bars in a similar manner to TOM, we get the results as attached. ...
Inside Bar Trading Revisited
- 1ka replied Jan 16, 2009
EA - Trend of the Moment — Repeating the above, but this time calculating the average using Open/Close gives the attached results. These are better with lower numbers of bars, but again, nothing spectacular. ONWARDS!
Inside Bar Trading Revisited
- 1ka replied Jan 16, 2009
EA - Trend of the Moment — We're at the stage where we are trying to weed out the losing trades. One of the pure IB methods is to use Trend Of the Moment. When trading we are mindful that we only follow the current trend. In the EA I've coded ...
Inside Bar Trading Revisited
- 1ka replied Jan 16, 2009
I haven't, that's another one for the list of things to try, thanks.
Inside Bar Trading Revisited
- 1ka replied Jan 16, 2009
EA - Write Your Own Indicator — Folks, We now have the basics for an EA that trades using the IB method. To extend this EA further it needs to be 'clever' enough to take trades that have a higher probability of winning. We humans do this by ...
Inside Bar Trading Revisited
- 1ka replied Jan 16, 2009
Nice anto, any suggestions on how to get rid of those losing trades would be welcome.
Inside Bar Trading Revisited
- 1ka replied Jan 16, 2009
EA Potential — It does, but only if we can weed out those losing trades. They lose big time (in comparison) and wipe out the profit. If anyone can find a consistent method that identifies these bad trades, without affecting the good ones too ...
Inside Bar Trading Revisited
- 1ka replied Jan 16, 2009
As requested. Take these with a pinch of salt, as the saying goes. A bug meant that some trades were not getting closed after setting the SL to zero BE. This was fixed in the afternoon. Trend trailing was switched on in the evening.
Inside Bar Trading Revisited
- 1ka replied Jan 15, 2009
EA Results 20090115 — 26 wins from 31 trades across various currencies (84%). I'd like to post the results but can't attach HTML. If people are interested I could zip them but this not as convenient. Actually, when we take 1/2 profit the trade ...
Inside Bar Trading Revisited
- 1ka replied Jan 15, 2009
Hi charvo, I hear what you are saying and it might be worth explicitly trying that at some point although I think the results will be similar to the ATR we use. With the ATR we're averaging the height (High-Low) of the last 20 bars. I ran a test a ...
Inside Bar Trading Revisited
- 1ka replied Jan 15, 2009
EA - Using RSI — There have been posts in the forum and the chat room about using the RSI indicator to improve the win ratio or the profit taken. The idea is that if the RSI is above 50 then we only Buy and if it's below 50 we Sell. I ran a ...
Inside Bar Trading Revisited
- 1ka replied Jan 15, 2009
Every cent is welcome
Inside Bar Trading Revisited99,999,999 more and I'll be a $ millionaire The TP values are based around the average bar size, so will be relative to the timeframe they are on. They will naturally be larger on the higher timeframes, as will the SL. Even ...