PinPoint Wizard EUR/CHF (by stevetrade) Quick Stats
Gain: +981564.45%
Drawdown: 0.00%
Pips: 4695.0
Trades: 3981
Won:
Lost:
Model Quality: 90.0%
Bars In Test: 242795
Ticks Modelled: 18776377

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PinPoint Wizard EUR/CHF Discussion
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stevetrade

Member Since Oct 28, 2009  1272 posts Steve B (stevetrade) Jun 07 2010 at 07:48
This is my latest EA.
It's a scalping strategy with a 1:1 risk/reward ratio.
This is the backtest from 2007 to date with a 1% equity risk per trade.
This is still in Alpha release stage and it needs some work to complete it.

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
bch159

Member Since Mar 08, 2010  32 posts bch159 Jun 07 2010 at 08:10
Looks good... could this be the ten-thousand-and-first EA?!

billiboysclub

Member Since Sep 21, 2009  70 posts billiboysclub Jun 07 2010 at 08:20
i can only but laugh at results like this....wonder why myfxbook staff allow this type of spam still on their site...it just damages a great site!

stevetrade

Member Since Oct 28, 2009  1272 posts Steve B (stevetrade) Jun 07 2010 at 08:29

billiboysclub posted:
    i can only but laugh at results like this....wonder why myfxbook staff allow this type of spam still on their site...it just damages a great site!


I'm happy to give you a laugh. I'll put you on the list of people who don't want a copy when it's finished then.

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
bch159

Member Since Mar 08, 2010  32 posts bch159 Jun 07 2010 at 08:37
Billiboysclub: Steve contributes a great deal to this site. I see your comments around a lot too - and they are frequently aggressive ad hominem attacks.

How is this spam? It is a strategy tester report which is openly stated to be in alpha testing. Speaking for myself, I was interested to see it.

stevetrade

Member Since Oct 28, 2009  1272 posts Steve B (stevetrade) Jun 07 2010 at 08:57 (edited Jun 07 2010 at 08:57 )
Thanks for your comments Markob.
As, I said, it is indeed in Alpha stage at the moment.
Here's the problem with it.

For those people who don't know. MT4 takes the spread that the broker has at the point a strategy test is started.
This is then kept for the duration of the backtest.

So, for scalping strategies this can make a massive difference. It's one of the reasons scalping robots can be sold with ridiculous backtest results that can't be reproduced in forward trading. This is especially visible with Asian session scalpers.

PinPoint Wizard doesn't solely scalp the Asian session. The only time he doesn't trade is the time when news releases could affect the EUR/CHF. So it stops at 7am and starts again at 3pm ( GMT ).

However this backtest was generated with a favourable spread ( it was about 1 pip at the time ). This is why it's at Alpha stage. If I can refine the robot, which I am currently working on, to make it more accurate then it should still be profitable.

Of course, I could have just packaged it up along with this backtest and flogged it to thousands of people for $97. Which I didn't.


11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
ForexSeeker

Member Since Apr 20, 2010  734 posts DoubleTrap (ForexSeeker) Jun 07 2010 at 09:14 (edited Jun 07 2010 at 09:15 )
Nice scalping result with MM. Look amazing exponent grow as the lot size going crazy big over times.
There are few point of skeptic as this kind of back test is use for commercial marketing only and hardly work out on demo.

Can I see more realistic back test ? Such as monthly back test and yearly back test with 1k deposit.

But overall is still very impressive as the TP and SL is 5 pips only.
The indicator must be very accurate as noise around 5 pip is very easy to hit, yet this kind of setting still win.

Looking forward to see the demo test, to see how can it survive with just a limit space of 5 pips movement.

Highly Skeptic back test yet highly expectation for demo test.

Information is Gold when come to organised.
stevetrade

Member Since Oct 28, 2009  1272 posts Steve B (stevetrade) Jun 07 2010 at 09:26
I'm away for a few days after today, but once I'm back I'll happily generate a $1k backtest using standard lots and no money management if people are interested in seeing it.
It often doesn't survive a 5 pip movement, fortunately it does more often than it doesn't.


11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
bch159

Member Since Mar 08, 2010  32 posts bch159 Jun 07 2010 at 09:33
Understood. And on EURCHF in particular I find it's tricky to find a spread consistently under 2 pips. Don't suppose it'd work on EURUSD?!

I'd be tempted to sacrifice some trading time for spread - i.e. have it shut down towards the end of the NY session. This is the only way I've managed to keep scalpers alive in real trading. Obviously makes it less profitable but more stable. Another alternative I'm spending a lot of time on at the moment, for various reasons, is 'true' ECN access i.e. direct to Currenex, Hotspot, Lava etc etc. The difficulty for scalpers is twofold: 1 - it's difficult to bridge trades across from MT4 quickly enough (which is of course why MT4 brokers generally aren't keen on scalpers) and 2 - the price feeds are noisier without the 'friendly' (!) market-maker broker doing its filtering. If I can get this working, though, will make a huge difference as these trades will hit the market several milliseconds before the majority of the MT4 dealers'. Let me know if you'd like to discuss this in more depth.

Anyway you've no doubt thought of all this. Just my stream-of-consciousness rambling.

stevetrade

Member Since Oct 28, 2009  1272 posts Steve B (stevetrade) Jun 07 2010 at 09:42
Hi Markob,
I have tried it on Eur/Usd but without as much success to date. There are some changes I am already looking into. A couple should make it slightly more accurate. If I can push the accuracy up towards the 70 percent mark then I can afford to drop a pip from the target and it should still be very profitable.
MB Trading average about 1.6 pips on Eur/Chf, even in the Asian session. So, there's good hope for it.

I'm always happy to discuss trading ideas or robot development in more depth. I spend all my time doing it and input from others is important.
Send me an IM and I can give you my contact details.
Steve

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
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