Automated trading - yes, algos!

Day started well on the GBPUSD. Overall +38pts

Only a one day manual test but encouraging nonetheless. I wonder if the higher timeframe filter would help the results. E.G bearish 1H then only short entries are considered by the algo?


dl.dropboxusercontent.com/u/24866576/201...BPUSD%2004.10.16.png

All the best
M

Hey Jackozy

Had a look at this first thing this morning. Roughly speaking is the below looking right? My settings may well be too sensitive and giving too many signals but I can tweak those. The vertical lines indicate entries only and have been manually added.


dl.dropboxusercontent.com/u/24866576/2016/October/5M%20Algo.png

Have you considered filtering the 5M signals by using a higher timeframe? e.g Same setup on say the 1H or 4H timeframe which is bullish which then only takes buy signals on the 5M? Or are you looking to capture those lucrative counter trend moves?


Cheers
M

Hey Jackozy

Glad you are keeping well! I haven't looked that much into Algos but the cTrader platform I use for charts has functionality for. You can download it for free via FxPro.

If I have time over the weekend I'll look into what you've suggested.

How's the manual trading going or is time at a premium these days?

ATB
Monkeyz

Hi jackozy
If you could post a detailed way your system works I can try and ask my contact in MetaStock to write a test program if it's possible.
Obviously it has to be detailed as I have to explain it to the guy in MetaStock and rather than explain it (as I'm useless at explaining some one else's system)
Or you could try out there software for free for 2 months and maybe get them to code it for you...
Ether way let me know and I'll see if it's possible.

Nice seeing you here buddy.
Remo

PS Stops trail PSAR.

Hi all,

Apologies for the delayed reply.

Ronmould: thanks and hope you're good too? Yes, back in the UK and have been since May 2014. Based in Glasgow - it's like Manchester with wind and hills.

Yes, the multiple timeframe idea was one option. Or, preferably, a way of getting the system to monitor current price instead of only considering open/close with an entry in the following bar. Flexibility usually means cost and complexity though.

CT79: thanks - hope you're good too mate? I think there should be a tool out there but whether it's got the flexibility and accuracy needed to profit from it is another question.

Ronnie: thank you. We're all good thanks, hope you and the familty are too? Just busy as I'm sure you'll understand. I'm on an easy contract at the moment and I've completed my qualification (for now) so had some spare mental capacity and thought I'd look at automated trading. I know the figures from the manual test are skewed positively. I could verify them but it would take me weeks. An automated backtest is much faster. And on that note:

Amo: hi there - thanks for your suggestion. I've looked into that and have set up a system and optimised it this weekend. It can't execute trades when I would like so I'll need to see if I can play about with it. It appears to only allow execution on open of the bar following closing confirmation. Part of the way PSAR works is to create the signal intra-bar so ideally I need to find a way to allow that.

I'll keep you all posted but please be patient as I don't have a lot of spare time to develop this.

For anyone wanting to play about, the system is:

Plot a long term MA. (MA needs optimising)
Plot PSAR and MACD (parameters need optimising)

Enter long when price > MA AND (in either order) PSAR gives uptrend signal AND MACD line crosses over MACD signal line.

Exit long when PSAR reverses trend.

Enter short when price < MA AND (in either order) PSAR gives downtrend signal AND MACD line crosses under MACD signal line.

Exit short when PSAR reverses.

Cheers,

J.