But what is the pip basis for the multipliers? The input SL in pips?

Yen Trader

Question: Am I correct that if close on opposite is set true, then the expert will (i) close the current trade AND (ii) then open the opposite trade? Question: If we use the ATR multiplier, should we set the TP to 0? And if we do not want to use the ...

Yen Trader

Version 05 is very cool! Started testing. Seeing OrderModify error 130 when using ATR option, but I have to play with the settings more to see where the issue might lie. EDIT: I believe the issue was my fault as I did not have enough history for the ...

Yen Trader

First trade (GJ buy) on this H4 test hit profit for 500 pip gain. Second trade now open.

Yen Trader

fixed lots, one order, M1, M15 signal. The only way to test on M1 is via forward imo. image

Yen Trader

I tested on M1 as well. The account usually hits 0. But i don't trust MT4 on M1.

Yen Trader

Not too big a fan of a TS, but it works sometimes. One can see how the early part of this test would have benefited from different TP/SL settings likely. image

Yen Trader

that no hedge option is really a close on opposite option. No hedge would mean do not take an opposite order until the current trade(s) in the other direction are closed.

Yen Trader

. It's all temporary and relative. Try it in 2012 when volume dropped

Yen Trader

redfan if your broker uses a suffix (for example USDJPYtt instead of just USDJPY), then you have to include the suffix in the inputs to the expert

Yen Trader

Here is comparison where a time frame of generally lower ATR tested with better returns by simply lowering the SL and TP. image

Yen Trader

Until then, enjoy your time off!

Yen Trader

I have been testing over some older time frames and the expert does not do so well with setting that work on today's markets, as others have observed. Of course this is expected, but trying to figure out when and why is very difficult....

Yen Trader

Very nice test Rob. Have you had any fifo/hedge issues (opposite signal while a trade is open - I am in the US like you)? Also, did you have a chance to check the journal for TS errors? I have my first trade open on the 4H.

Yen Trader

Will run a forward test on the basic system above with the settings from my past post. Lets see.

Yen Trader

Basic system with 1:2 RR over two years, no filters, larger TP and SL worked well over recent data image

Yen Trader

Basic system with 1:2 RR over two years, no filters. image

Yen Trader

Ok, the TS is not working properly for me, so I am not testing with that feature anymore. Basic system with 1:3 RR over two years, no filters.

Yen Trader

redfan, you have the indicators all true - it takes a rare and special set of events for an entry signal to occur on the H1 with those settings. If you let it run long enough then it should eventually take a trade.

Yen Trader

TS was over 100, so should have been fine, but will try bigger TS, although that should not matter. Rob, are you getting any errors in your fxcm logs when the TS kicks in?

Yen Trader