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Simple Forex Strategy #8

PostPosted: Mon Apr 02, 2012 3:42 am
by okx
Hi All,

for testing of the simple forex strategy #8 (http://forex-strategies-revealed.com/te ... ment-24673), here my MT4 EA for testing, I've implemented exactly the specification of the article, no finetuning yet, no suggestions from the comments implemented yet.
Please test and modify and share your results.
Thanks in advance!

All the best,
Oliver

Re: Simple Forex Strategy #8

PostPosted: Wed Apr 04, 2012 2:28 pm
by okx
In the previous postings MT4 EA were some bugs, here an improved version.
The strategy seems to have a lot of potential, but needs some finetuning.
Backtesting 2010 and 2011 the raw strategy as is produced unsatisfying results.
Looking at the trades, and comparing with the ADX (which I attached to the chart after the backtest in strategy tester), it looks like ADX can help to filter some bad trades out.
I noticed also that RSI seems to be affected by longer trends, so the overbought/oversold values for RSI might need constant adjustment.
Stochastic looks like a stable indicator, not need adjustments there or only minor ones.

please find attached the version so far for MT4.

P.S.: why is file extension .mq5 not allowed to upload?

Re: Simple Forex Strategy #8

PostPosted: Fri Apr 06, 2012 6:01 am
by okx
I give up the finetuning, adding more complexity doesn't solve the problem.
2011 can't be solved with the added rules for ADX and RSI.
It looks like having to do with the steady long term uptrend in 2011.
So it maybe needs to be modified not to trade in steady long term trends or only trade along the trend direction.
The long tem trend may be detected by daily chart - or...? Anyone a better idea how to detect it? Would be very much appreciated!

please find attached my last versions of the expert for the strategy...

Re: Simple Forex Strategy #8

PostPosted: Fri Apr 06, 2012 1:56 pm
by okx
Update: 2010 and 2011 the strategy works well in timeframe D1 = daily. In 2008 and 2009 daily works not well.

Re: Simple Forex Strategy #8

PostPosted: Tue Apr 10, 2012 2:25 am
by okx
Update: 2012 GBPJPY does not work at all with the daily strategy, neither with H1 nor with H4. I'm lost there, no idea how to get it to work without significant losses in 2012 and the years before, over-optimizing the parameters is not a solution, of course.

Re: Simple Forex Strategy #8

PostPosted: Wed Apr 11, 2012 2:28 am
by okx
please find attached MQL5 version of the strategy for testing...