Yes, that guarantees that the stop is at the current middle point of the current swing which is quite an important point in determining direction.

Mikkom's stophunter system

I wouldn't take the trade before there is opposite fractal on the correct direction.

Mikkom's stophunter system

I would find another broker that allows smaller positions. Risk issue is one of the most critical things and you have to be very exact with it.

Mikkom's stophunter system

(I deleted the original post - I realized that I don't want to break my own rules about backtests) I know, I don't have quality 20 year data for cable. Anyway, modeling quality is not really important if initial sl is almost always outside the daily ...

Mikkom's stophunter system

Well there are different opinions about this but I use my systems all the time without any human intervention - in fact I try not to touch the algos even in times of drawdowns or at the times when I think I'm more right than my algos. I don't ...

Mikkom's stophunter system

The method should be clearly profitable with quite low DD with cable on that period [I assume you are not using too high risk per trade].

Mikkom's stophunter system

Good question - I wouldn't take that trade because there is no way to calculate sl correctly according the rules.

Mikkom's stophunter system

I missed this question - Yes, I add a new buy/sell for each fractal. The stop is always middle between the entry fractal and last opposite fractal.

Mikkom's stophunter system

I'm not looking for popularity so it really doesn't bother me at all. Laziness is exactly the reason I don't want people to post EAs or backtests - if people are too lazy to test a method then they don't understand what [systematic] trading is all ...

Mikkom's stophunter system

Sure, feel free to provide your own curve - I think you know the system better than I do. The test I did just followed all the rules that were included at the first post (not the new rules in the previous post).

Daily Quarter method

Very good question, it's the "calculated" rate before that (meaning it's calculated from currencies that later formed the euro) - Metaquotes gives that kind of data for some reason. I might as well drop the pre 1995 period.

Daily Quarter method

No they are not but if a method that operates on stops doesn't work with control points, it doesn't work with full ticks either. I hope you as a tech guy know why (If you don't, create a EA that opens orders with stops and closes them immediately ...

Daily Quarter method

Here is 20 year backtest curve for EURUSD (my favourite pair) and GBPUSD. Sorry to say but doesn't look too good (5k begin, 1% risk per trade), eurjpy is the best pair of the three

Daily Quarter method

By daily range do you mean yesterdays high - yesterdays low?

Daily Quarter method

Just a note: None of my systems is written in stone which means that if someone comes up with something with better results than the current system (I can test the suggestions as long as it's daily stuff - I always want my 20 years of test ) then ...

Mikkom's stophunter system

My broker uses london time (which I like a lot). Yes. That's true. But as the system mostly closes on open tp, the hit rate will not be linearly affected as it is on methods that rely on trailing stops or something like that.

Mikkom's stophunter system

Just set the tp to open +20 pips from open (long) or -20 pips from open (short) - It shouldn't matter that sometimes the tp will be below the opening price.

Mikkom's stophunter system

Sure, feel free to try it. The problem with that method for me is that I can't easily backtest it for 20 years (I don't have detail data that far). There is a very good reason I use the opening and 20 pip tp there, I quote mark fisher a bit url ...

Mikkom's stophunter system

Just once per fractal. When it's triggered, the stops that were cumulated above that fractal (or below if it's downfractal) are triggered and there is no point in using the same level again.

Mikkom's stophunter system

Just a hint to everyone - there is also another way of adjusting the aggressiveness of the method than the r% trade risk size. Because the system uses r%, the risk is always proportionate to the sl. If you want to be more aggressive, you can use ...

Mikkom's stophunter system