Price action better as a trigger than just indicators for most market phases
IMHO, indicator-only triggers need a minimum 'deliberateness' to succeed
-BB-
How many people here use price action instead of indicators in their EAs? How successful have you been so far?
comparing 1 price bar to the next eg the 123 system by Mark Crisp.
Yes, Trend Following. This is, i would say, one of the most genuine thing in this world. There are many variations, like the one from mark crisp, turtle trading, the 12 rules system, etc.
Unfortunately, most of the members are still manually trading their pips away.....
google "123 system by Mark Crisp" -> http://www.stressfreetrading.com/123system.pdf
Is exactly what it is about. Buy when the price is low and sell when the price is high. How to estimate the pricelevel? Keep it simple and compare it to the previous one or tell me another way to do it. Every indicator is doing that more or less, because for every indicator price is the basis to calculate it.
google "123 system by Mark Crisp" -> http://www.stressfreetrading.com/123system.pdf
Is exactly what it is about. Buy when the price is low and sell when the price is high. How to estimate the pricelevel? Keep it simple and compare it to the previous one or tell me another way to do it. Every indicator is doing that more or less, because for every indicator price is the basis to calculate it.
You are quite right - the basis of most indicators are not really price but an averaging of price or the main bodies of any of its 4 prices w.r.t some past intervals
Here is my results:
Symbol | AUDUSD (Australian Dollar vs US Dollar) | ||||
Period | 1 Hour (H1) 2011.10.03 00:00 - 2011.10.24 21:00 (2011.10.03 - 2011.10.25) | ||||
Model | Every tick (the most precise method based on all available least timeframes) | ||||
Parameters | Common="Common Variables Start"; OrdComment=""; StartLotSize=0.2; StartBallance=5000; aa=0; ba=0; ca=0; fa=0; ga=0; ha=0; ka=0; la=0; ma=0; pa=0; qa=0; ra=0; ua=0; va=0; wa=0; za=0; ab=0; bb=0; eb=0; fb=0; gb=0; jb=0; kb=0; lb=0; ob=0; pb=0; qb=0; tb=0; ub=0; vb=0; yb=0; zb=0; ac=0; dc=0; ec=0; fc=0; | ||||
Bars in test | 1379 | Ticks modelled | 914386 | Modelling quality | 90.00% |
Mismatched charts errors | 0 | ||||
Initial deposit | 10000.00 | ||||
Total net profit | 6588.45 | Gross profit | 12549.84 | Gross loss | -5961.39 |
Profit factor | 2.11 | Expected payoff | 27.34 | ||
Absolute drawdown | 151.00 | Maximal drawdown | 715.76 (4.53%) | Relative drawdown | 4.73% (708.84) |
Total trades | 241 | Short positions (won %) | 0 (0.00%) | Long positions (won %) | 241 (57.26%) |
Profit trades (% of total) | 138 (57.26%) | Loss trades (% of total) | 103 (42.74%) | ||
Largest | profit trade | 245.00 | loss trade | -116.4 | |
Average | profit trade | 90.94 | loss trade | -57.88 | |
Maximum | consecutive wins (profit in money) | 9 (1222.00) | consecutive losses (loss in money) | 6 (-441.50) | |
Maximal | consecutive profit (count of wins) | 1222.00 (9) | consecutive loss (count of losses) | -441.50 (6) | |
Average | consecutive wins | 3 | consecutive losses | 2 |
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
How many people here use price action instead of indicators in their EAs? How successful have you been so far?