Dice Roll EA

[droesparky7]

the coin flip method has gone 17 days without a take profit day, not all where loosers but it is now in the negative, and if your a fan of martingale you are talking serious dollars. how ever todays trade is looking like it might make it to TP.

Ok I have figured another way to enter this trade which is a little less risky then a fiip of a coin or roll of a dice.

I have done a little back testing and it looks a lot better. here it is. I would really like the EA on this one to run some backtest thru the strat tester with. hint.

Ha nice name huh? I do need a little midline work!

OK here it is and simple Manual Mechanical system.

I use h1 chart and only have tested on Cable.
I enter at the UK session open.
I will buy if price is above yesterdays midline, and sell if price is below yesterdays midline.
30 pip target
30 pip stop
move stop to BE once your in profit by 10 pips.
If stop is hit reverse the trade. (one reverse trade per day only) yes you reverse if the +1 is hit.
Once profit is hit your done for that day.

In my backtest I noticed that the days the reverse paid off would have been some great days to let profit run, but I did not do that in this system.

In my backtest (I have only done several months backtest so far) this one has produce a nice steady gain with just the initial trade, and it doubled the pips when I added the reverse trade. But there is nothing like forward testing.

An EA for this would be nice. hint!

Im adding a backtest result, a xl file its rough but you can understand it.

[anamy]

Hi, coder at your service. Sorry I don't really understand the backtest document that you attached. Does this system make money or something? What is the midline? The middle of the O/C or the H/L? Does the session time make a big difference in performance?

[droesparky7]

Midline is the middle of H/L works besk if you take the trade right as the UK session opens, it does make money, but does have loosing days.

[felipena]

Please describe trades for April 20th (midline, opens and stops) so that I can understand the method.

[droesparky7]

felipena
just noticed your question, this thread didnt get much action so I havent looked at it a lot.

but what happened on apr. 20 was price is below midline so it would have went short the open of the candle is2.0023 so you would be short at that plus your spread mine is 3 pips.
first trade short at 2.0020 and stop out at 2.2050 and then reversed it for a long trade at 2.0053 and it went only to 2.0068, which you would have be hit with a trialing stop at BE+1 2.0054.

for the day -30 + +1 = -29pips that day.