HCB Trading Systems | Foreign exchange indicator download- MT4/MT5 resources
Good morning everyone. Let me start this discussion by describing what I do. I have built a system that has proven to be very profitable. (hope my english can be understood)
The road is not short, try to describe its evolution for those who want to give me opinions or suggestions.
I am using some profitable commercial EAs and I appreciate technical analysis, but I try to develop my own trading systems based only on statistical concepts and therefore do not use predictive tools such as indicators that rely only on past data.
The first one is called HCB Classic 3 for trading system development.
In this article, I describe this TS, and if anyone is interested, its evolution and cooperation suggestions can be described in the following article.
The HCB Classic 3 trading system is based on the technical breakout of the EURUSD daily range, which developed until 1:.00 (GMT +1).
6 pending orders, 3 sell stops and 3 buy stops at 10:00 (GMT +1) are only 2 points lower than the minimum reached during the day or from 0:00 to 10:00 (GMT +1 more) and 2 points higher than the maximum;
Many times the market has to form the day's high/low at 10 o'clock, in which case there is a discretionary factor involved or the expectation of a retracement to a certain point (at least 5-6 points) to avoid entering the market on a false signal, which can also mean losing the ability to trade in that direction if the market "explodes", since after 10:05 there is no longer a need to insert pending orders.
Pending orders will expire at 18:05.
Buy and sell pending orders are not OCO, they will remain until the 18:05 expiration time, which means that both buy and sell pending orders can enter the market on the same day.
Each direction has an order of 3, with the same SL and 3 different TPs (defined as T1, T2, and T3).
Stop loss = 50 pips
T1 = 50 points
T2 = 110 points
T3 = 160 points
When the order becomes a market order, after the first pip of profit, a TS (Trailing Stop) of 50 pips will be processed.
At 40 pips of gain, the stop loss will be "forced" to be set to BE (break even) and then continue with the same TS of 50 pips, meaning that when the market covers 40 pips in our favor, three orders will be protected to achieve breakeven.
If the trade is positive under the following three targets T1, T2 and T3, the order is always managed with TS = 50. The order must be inserted during all 5 days of the week when trade is available; if at 10 o'clock there are still open orders from the previous day, new orders will only be inserted if at least BE is reached on the previous day.
TS does not implement variable parameters based on past data analysis, but only on statistics generated by forward testing,
This means that there are currently no filters or any other volatility-related parameters drawn from past data.
Statistical analysis leads me in the direction of T2 and T3 value revisions, which intuitively should not have a current linear scale, but simply a statistical analysis of the universe as more data is collected from the forward testing determination.
Here are some comments from some of the areas I believe are behind the system’s hope of profitability:
• The first 40 pips were achieved with three separate orders and different targets, from then on all 3 were risk-free trades.
• A trailing stop of 50 pips barely withstands a maximum risk closing net loss of 150 pips.
• If it is difficult to reach T1, you can only get 50 points of T1, but the other two orders will most likely be terminated with considerable profits, and by the same token, when T2 is reached, it will total at least 50 +60 +110 = 220 points. The score of T3 is 50+110+160=320 points.
• "Full" stop loss is 150 pips, then T2 compensates the stop loss.
• Trailing Stop determines the reduction in equity line volatility, which then shaves off some of the profit peak that can be achieved with a larger Stop Loss, but this is offset by the expectation of lower DD.
• Positioning two sets of orders at the extremes of the range allows to intercept market movements in both directions, with the trading system remaining "neutral" and opening positions on both options.
• Three possible objectives for pursuing large market moves.
I started forwarding and testing this TS on a demo account in June 2011, and so far I have reached more than 3800 points.
Using the actual version called HCB13, from January 2012 I reached over 7800 points
Good trading conditions
The road is not short, try to describe its evolution for those who want to give me opinions or suggestions.
I am using some profitable commercial EAs and I appreciate technical analysis, but I try to develop my own trading systems based only on statistical concepts and therefore do not use predictive tools such as indicators that rely only on past data.
The first one is called HCB Classic 3 for trading system development.
In this article, I describe this TS, and if anyone is interested, its evolution and cooperation suggestions can be described in the following article.
The HCB Classic 3 trading system is based on the technical breakout of the EURUSD daily range, which developed until 1:.00 (GMT +1).
6 pending orders, 3 sell stops and 3 buy stops at 10:00 (GMT +1) are only 2 points lower than the minimum reached during the day or from 0:00 to 10:00 (GMT +1 more) and 2 points higher than the maximum;
Many times the market has to form the day's high/low at 10 o'clock, in which case there is a discretionary factor involved or the expectation of a retracement to a certain point (at least 5-6 points) to avoid entering the market on a false signal, which can also mean losing the ability to trade in that direction if the market "explodes", since after 10:05 there is no longer a need to insert pending orders.
Pending orders will expire at 18:05.
Buy and sell pending orders are not OCO, they will remain until the 18:05 expiration time, which means that both buy and sell pending orders can enter the market on the same day.
Each direction has an order of 3, with the same SL and 3 different TPs (defined as T1, T2, and T3).
Stop loss = 50 pips
T1 = 50 points
T2 = 110 points
T3 = 160 points
When the order becomes a market order, after the first pip of profit, a TS (Trailing Stop) of 50 pips will be processed.
At 40 pips of gain, the stop loss will be "forced" to be set to BE (break even) and then continue with the same TS of 50 pips, meaning that when the market covers 40 pips in our favor, three orders will be protected to achieve breakeven.
If the trade is positive under the following three targets T1, T2 and T3, the order is always managed with TS = 50. The order must be inserted during all 5 days of the week when trade is available; if at 10 o'clock there are still open orders from the previous day, new orders will only be inserted if at least BE is reached on the previous day.
TS does not implement variable parameters based on past data analysis, but only on statistics generated by forward testing,
This means that there are currently no filters or any other volatility-related parameters drawn from past data.
Statistical analysis leads me in the direction of T2 and T3 value revisions, which intuitively should not have a current linear scale, but simply a statistical analysis of the universe as more data is collected from the forward testing determination.
Here are some comments from some of the areas I believe are behind the system’s hope of profitability:
• The first 40 pips were achieved with three separate orders and different targets, from then on all 3 were risk-free trades.
• A trailing stop of 50 pips barely withstands a maximum risk closing net loss of 150 pips.
• If it is difficult to reach T1, you can only get 50 points of T1, but the other two orders will most likely be terminated with considerable profits, and by the same token, when T2 is reached, it will total at least 50 +60 +110 = 220 points. The score of T3 is 50+110+160=320 points.
• "Full" stop loss is 150 pips, then T2 compensates the stop loss.
• Trailing Stop determines the reduction in equity line volatility, which then shaves off some of the profit peak that can be achieved with a larger Stop Loss, but this is offset by the expectation of lower DD.
• Positioning two sets of orders at the extremes of the range allows to intercept market movements in both directions, with the trading system remaining "neutral" and opening positions on both options.
• Three possible objectives for pursuing large market moves.
I started forwarding and testing this TS on a demo account in June 2011, and so far I have reached more than 3800 points.
Using the actual version called HCB13, from January 2012 I reached over 7800 points
Good trading conditions
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