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PinPoint Wizard EUR/CHF (By Steve B )

Gain : +981564.45%
Drawdown 0.00%
Pips: 4695.0
Trades 3981
Won:
Lost:
Model Quality: 90.0%
Bars in test: 242795
Ticks Modelled: 18776377

Forward Test is not available

PinPoint Wizard EUR/CHF Discussion

sventrapapere71
Jun 07 2010 at 10:28
25 posts

stevetrade posted:
    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


Steve,

I think ATC broker also could be a very good and reliable candidate for your EA, because its spread on EUR/CHF is also better than MBT (at least during day session).
I'll look at both of these accounts of mine (MBT and ATC) this night, in order to see which give the better spread during Asian session on Swissy, then, I'll let you know.
Hope this could help.
SventraP.

If it's too good to be true, probably isn't (true)!
Steve B (stevetrade)
Jun 07 2010 at 10:40
1408 posts
ATC won't let me open an account with them, they have an arrangement with FXCM not to take UK clients it would seem.

I do however appreciate the help and would be interested in your findings.

I've been using this link

mt4i.com/spread/symbol.aspx?symbolid=4

and this link

mt4spreads.com/

To check spreads and obviously discounting any of the brokers that have bad reputations.

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.
sventrapapere71
Jun 07 2010 at 10:52
25 posts
I didn't know it about UK clients: anyway, I (being Italy resident) also had to pass through FXCM in order to open my ATC live account, but I didn't get any restriction after that.
Besides, what do you think about FXCBS broker? It seems the best one for Swissy's spread during all session (mt4spreads.com)...

If it's too good to be true, probably isn't (true)!
fischerforex
Jun 07 2010 at 12:50
6 posts
Hi Steve

That's why I don't think we should allow people to vote systems as 'scams'! Nice results!

All the best.

kennyhubbard (compuforexpamm)
Jun 07 2010 at 14:23
265 posts
Steve,

I can recommend MB Trading. Their spreads are pretty good, but I have come to learn that spreads are only part of the picture when it comes to the less liquid pairs.

Brokers can show you really thin spreads but the proof lies in the execution of the trade. Your EA should log the spread and the slippage when it makes a trade and that is the only way you will be able to really get see whether the broker is good or not.

When a broker contracts with a liquidity povider(s), they have to balance spread with liquidity in order to ensure execution. By way of example, they could show you a spread of 0.1 pips on the EURCHF but there may only be 1 minlot available at that spread. ....needless to say this is useless since they will have to slip you to a point where they can fill your order.......there is simply no other way(ok, partial fill is a solution, but you get my drift) They call it configured depth of liquidity and it simply means that the lowest spread does not neccessarily make the best broker.

Wealth Creation Through Technology
AussieTrader
michigansurveys
Jun 07 2010 at 14:37
31 posts
Steve,
Is this an EA that you have written yourself? I have also been developing an EA for the EUR/CHF, but it does not like the past few months with the threat of intervention hanging over the pair. On backtesting it seems to do much better when the global economy is stable. Now with everything in turmoil, the EUR/CHF doesn't behave as expected. Im very interested in you results, since you seemed to have worked through that.
It will be interesting to see how it can do on forward testing with the spreads bouncing around.
Good job. I'll be watching
John

danielfppps
Jun 07 2010 at 14:47
25 posts
Hi Steve,

I just want to leave a short post here to warn you about the many flaws inherent to your testing results and some ways to get around them. The first and most important is the general lack of execution parameters, since the strategy tester does not take into account spreads,liquidity, slippage, etc, you can be easily overestimating profitability by several orders of magnitude. The second problem is related to one minute interpolation errors which are most likely the cause of the major part of your profitability. If your expert does not explicitely enter or exit trades on the close/open values of one minute bars these errors are bound to be extremely important. I am not making this up it is a well known limitation of the strategy tester. There is an interesting article within the mql4 database showing you how this very easily leads to experts with results like yours, you can check it out at https://articles.mql4.com/163.

You can solve the one-minute interpolation problem by using Dukascopy tick data for the backtests, something which will show you the true extent in which these errors affect your system's profitability. Obtaining this 99% modeling quality backtests is a must for any scalper system to eliminate interpolation problems.

Sadly real execution cannot be simulated and therefore the results of these scalping systems can never be inferred from past data. Even very accurate simulations using tick data may grossly overestimate profitability due to the above live-execution related problems. Personally I do not think that posting these backtests has any effect besides generating hype over obviously unreliable simulation results, although I do believe that you didn't do it with this intent but with the intention to share your findings with others :o).

However bear in mind that your backtests have no connection with reality in the sense that the many variables mentioned above could turn the system from its present simulation results to an account wiping situation in real life. I am not posting this as a pessimist or 'close-minded' individual but to show people who may get overly excited about these results that they cannot be in anyway related to trading reality due to the many limitations of the mt4 backtester and simulations perse. Something that has been shown time and time again and explained clearly in the above mentioned mql4 article with clear examples.

I hope someone finds my opinion useful :o)

Best Regards,

Daniel


DougRH (DougRH4x)
Jun 07 2010 at 15:17
18 posts
Very impressive results!
Nice Scalper (< 8)

(8 >) Live Long and Prosper (< 8)
pc8multifx (pc8multifx)
Jun 08 2010 at 04:32
879 posts
Dear myfxbook.com administrator,

may I ask you whats the purpose of this new 'strategy' feature??

As far I can judge its gonna be a playground for misleading/ made up/ fabricated/ curve fitted unrealistic nonsense.

This will bring a lot of inexperienced people in jeopardy... this cant be your intention.


kennyhubbard (compuforexpamm)
Jun 08 2010 at 05:01
265 posts
pc8multifx,

Perhaps some of us that know our way around a platform would like somewhere to discuss these things and compare notes. Steve is not taking anyone for a ride here and your insinuation is in poor taste.

Wealth Creation Through Technology
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