Daily Stochastic Oscillator System (#2)
EA version 1.4 has many major changes and choose to open a new thread.
===================================
Goal: average 100 pips per day (500/week) through EA trading
set up:
- Monitoring of transactions begins at 10:00 GMT
- Currently only GBP/JPY due to volatility
- 1 hour chart with stochastic oscillator (7, 5, 5, high/low, simple)
- SMA 12 and SMA 24 (SMA will be read by flipping to the 30 minute chart)
- Limited to 1 transaction per day
Entry: 60 Minute Stoch - When the Stoch line is above the Signal Line, then flip to 30 Minute Chart - If SMA 12 is above SMA 24 the condition is suitable for buying. Two indicators that are opposite indicate sell.
Exit: 30 Minutes Chart - If SMA 12 crosses SMA 24 in the opposite direction, an exit is indicated. (Note: This is how the AutoClose=true feature works, otherwise the exit will be determined by your StopLoss, TakeProfit or TrailingStop.
NOTE: The trade will only be attempted daily at 10:00 GMT (or shortly thereafter - if the signal is not triggered at 10:00 GMT), it will continue to look and then enter when conditions are right. Usually by 10:00 GMT there is enough trend for the signal to start. If you want to force the EA to be between 10:00-23:59 GMT, just remove the expert and add it back to the chart. This will reset the flag and allow another transaction to occur.
Performance (using default settings):
Transaction log: http://www.forexfactory.com/showthread.php?t=69168
EA v1.4 backtest details: http://26z.net/forex/5.htm
Backtest period: 7/1/2007-12/31/2007
Beginning balance: $5,000
Net profit: $28,328.99
Profitable trade: 79.38%
Absolute drawdown: $669.95
Attachment to original post (1)
📦 Summary of post attachments (7)
Below are all the files shared in the reply (7).
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •