NightRide v2.26 - EURUSD Diskussion

hello there . .
i very interest about your result . . can you explain what strategy you use for this result . .
best regards
sofian juniardi
sofian.juniardi@yahoo,com

Hi Sofian,

Here is a brief description:

Basic Idea:
Having a strong mathematical background the whole EA was developed by me. Key target was to build a solid, fully automated strategy with as minimal draw-down as possible, but keeping a nice and continuous profit.

Method:
EA uses S/R lines to enter trades, also uses these lines for initial SL and TP. Usually uses limit orders to catch the deal.

Money Management:
No martingale like money management, but traded volume is always matched with the maximum possible amount to loose (fixed stop loss).

Trading Time:
Usually it holds the position for a couple of hours.

Stop Loss & Take Profit:
Using dynamic SL and TP, then try to moves both of them. SL and TP is calculated on the current volatility.

Draw-Down:
You can expect around 20% maximum draw-down in the floating EQUITY with the current risk settings. I mean draw-down in the EQUITY, not the balance like others.

Regards,

Balázs

thanks for your reply Balazs

i want to know what your offering about thats EA NightRide v2.26 used for that result, very interrest bechause only trade on EURUSD fully automated and dynamic for SL and TP . . are you sell for that EA/ manage account/ rent a signal ?

are you have blog or website for completed information about all your project/ EA ?

regards
sofian juniardi

Nice strategy. Thanks for sharing how you are achieving it.
Are you trading it live yet?

sofianjuniardi posted:
    thanks for your reply Balazs

i want to know what your offering about thats EA NightRide v2.26 used for that result, very interrest bechause only trade on EURUSD fully automated and dynamic for SL and TP . . are you sell for that EA/ manage account/ rent a signal ?

are you have blog or website for completed information about all your project/ EA ?

regards
sofian juniardi

I just plan to offer it's signals through the well know signal service providers.
I've already registered there, so you can follow the forward testing there as well. I will PM the link to you, it's not allowed to publish here.

Probably later I'll manage accounts as well, it depends.

I don't have any website for this, maybe later I have. Until now I did not have time to make it.


Regards,

Balázs

stevetrade posted:
    Nice strategy. Thanks for sharing how you are achieving it.
Are you trading it live yet?

Not yet. I plan to start it live around July.

I've started the forward testing in March it seems that the backtest and forward test results are quite the same.
Now I already started forward tests on different brokers then Alpari.

After 3 months I will make it live.

Regards,

Balázs

Back tested systems don't work they suffer from data-snooping bias. look it up on wikipedia.

stephanusR posted:
    Back tested systems don't work they suffer from data-snooping bias. look it up on wikipedia.

Stephanus,

I need to disagree with you or if you like I just partially agree with you. If you carefully read this article
it says that the 'MISUSE of data mining techniques that can lead to bogus results'. In our case this is the backtesting.
I totally agree with it, which means that if you write an EA with a certain number of parameters (more is better),
and start to backtest it heavily, I'm sure you will find some setups that results a positive balance. In this case you
hardcode / hardwire the past, hoping that the future will be the same. And that's a failure. A misuse of backtesting.

But I believe that if you want to develop a successful EA, it MUST preform on backtesting. So it's a required criteria.

So the key is the right usage of the backtesting tool. I think my quite sophisticated development / testing framework
satisfy this criteria. But time will tell...


Regards,

Balázs

Hi

Please send me a link to your signal service.

Regards

Hi, i would be interesting in getting involved in such an EA, money mgmt/signal provider whatever.. i have faith in this system of S/R.. and price action.. let me know bcsendes, when ur ready to manage! juz gimme a msg.. thx

I would like rent a signal,please send me the link, thanks .

Why you stop the system ?

Send me more info

zizinvest posted:
    Send me more info

I've just sent you some more info in PM.


Balázs

bcsendes posted:
    

stephanusR posted:
    Back tested systems don't work they suffer from data-snooping bias. look it up on wikipedia.

Stephanus,

I need to disagree with you or if you like I just partially agree with you. If you carefully read this article
it says that the 'MISUSE of data mining techniques that can lead to bogus results'. In our case this is the backtesting.
I totally agree with it, which means that if you write an EA with a certain number of parameters (more is better),
and start to backtest it heavily, I'm sure you will find some setups that results a positive balance. In this case you
hardcode / hardwire the past, hoping that the future will be the same. And that's a failure. A misuse of backtesting.

But I believe that if you want to develop a successful EA, it MUST preform on backtesting. So it's a required criteria.

So the key is the right usage of the backtesting tool. I think my quite sophisticated development / testing framework
satisfy this criteria. But time will tell...

Balázs

The strategies section is only backtested , you have not yet forward tested this system. Unless you have an account under https://www.myfxbook.com/members/bcsendes ? With back tests we can run any set of arbitrary parameters , trying out thousands of different combinations. But this set of parameters will not work in a forward test because history never repeats itself.

Your back test ended May, if you were to back test from June, July, Aug, Sept then the system will fail.

Note that I differentiate between history and repeating patterns. It is possible to time the markets but this is based on patterns within historical events. These historical events EAs can't cope with

Stephanus,
I guess this is his live system here
https://www.myfxbook.com/members/bcsendes/nightride-40/33066

EurUsd currently 41% up since end of May this year

So, looks like it isn't failing

stevetrade posted:
    Stephanus,
I guess this is his live system here
https://www.myfxbook.com/members/bcsendes/nightride-40/33066

EurUsd currently 41% up since end of May this year

So, looks like it isn't failing

Thanks for pointing it out. We don't know his strategy thus we don't know whether the account he labeled NightRide uses the same methodology as this one. Note that saying he does use it is not acceptable , we need proof. But since he won' t reveal his method we can't falsify his assertion. It might be true or not, we can't say. Also note that the account had two months of negative equity. Just one month of negative equity would be a red flag.