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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

Petar Jacimovic (Petar_Serbia)
Jun 11 2010 at 00:41
13 posts
I found very good broker and they have spread on EURCHF 0.9-2.4 if this can help :)





Cheers

Richie Dido (richdad711)
Jun 11 2010 at 05:55
32 posts
great work Steve, cant wait to add this to my arsenal. cheers

Steve B (stevetrade)
Jun 11 2010 at 07:45
1408 posts
Hi Petar,
Is this the spread across a whole day?
At the moment I think MB trading are winning on spread. They seem to be able to keep it below about 2 pips, although obviously there would be commission to be paid on top of that.
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.
Forex Invest Group (Vadim Kalinin) (ForexInvestGroup)
Jun 11 2010 at 09:08
39 posts
Fantastic result! Congratulations! This system is in real trading can work? I have a desire to discuss with you the work of this system and the purchase price.

Steve B (stevetrade)
Jun 11 2010 at 09:28
1408 posts
The system has yet to prove itself in live trading. There is one problem with it. The backtest was generated during the day when the EUR/CHF spread is lower than during the evening so in real trading it would not be as profitable.

I am currently working on improving the EA to make it much more accurate and to ensure that the spread is not a problem with the EA as well as ensuring that I have the best broker for EUR/CHF.

Once I have done this I will be backtesting it against Dukascopy tick data.


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.
spunkyone
Jun 12 2010 at 11:43
4 posts
Hi Steve,

Just wondering, will you be selling your EA?

Steve B (stevetrade)
Jun 12 2010 at 12:19
1408 posts
spunkyone posted:
    Hi Steve,

Just wondering, will you be selling your EA?


At this stage, as it's still in development I have not made a decision on what I will do with the EA. However, if I can make it anywhere near as profitable as this backtest then it is unlikely to be released commercially. It would be cracked and making the circuits before the paypal payments hit my account. It would then flood the markets with orders and very quickly become as useless as the likes of Fap Turbo.

I would probably take on a limited number of clients to protect it's trading ability via a PAMM account or some similar mechanism.

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.
rallyes
Jun 12 2010 at 19:15
4 posts
Hi Steve,
please i will like it, be on your list,
Any desicion you make, you can contact me by PM
Thanks

goodvibration
Jun 12 2010 at 21:48
8 posts
Hi Steve,

very good work! Steady high hit rate and very low drawdown.

There are only a small number of EA's which shows such a behaviour. The high lot numbers will not be realizable, but that is only mathematics. In real trading you will be able to realize a wonderful linear equtiy curve - if you find the right broker.

I am also programming my own strategies, but in fact I am a novice. I have tried so many of useless logics that I can not count them anymore.

Can you give us some hints about the logic behind your Pinpoint strategy? Or in general - how a good scalper should work?

Please do not misunderstand, I do not want to copy or reproduce. I want to learn! And this is what a forum like this should be, a place to share experiences.

Thanks for your help!
Christian.

P.S. What happens if you activate the trailing option? Does this improve the result in pips?


 

Steve B (stevetrade)
Jun 13 2010 at 08:57
1408 posts
Hi Christian,
The trailing option is only there as I use a default template on most of my EA's. I start with an EA that can create orders and manage orders and then just plug the logic in. I haven't tried the trailing stop and hadn't considered it, although I may use it to add a jumping stop so that say if it got to 4 pips I would move to breakeven.

With regards to my EA development. I try and think of something different to what most people are doing based on what I know about chart and candlestick patterns. I don't use indicators in the conventional sense, ever. I always keep it as simple as possible.

I also try and emulate manual strategies that I have traded previously as this tends to work best for me.

All I will say is keep trying, my signature is not far off the mark. I have written and watched so many EA's fail in testing.



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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