Chandelier - page 2

[Денис Орлов]

moskitman:

Denis, I'm terribly sorry, but we're not here for the ratio in the end, but for the profit, even if it's in points.

Me too, points have nothing to do with it, it's too long to explain, I'm sorry - lazy... )))

[Yury Reshetov]

JonKatana:

1) The order type is selected correctly and the daily candle closed in the profitable direction. Then the order is closed, the profit is fixed and the algorithm repeats.

What is the point of closing it if the next order should open in the same direction? Do we distribute bonuses in the form of spreads?

[richie]

Reshetov: What's the point of closing it if the next one is supposed to open in the same direction? Handing out bonuses in the form of spreads?

To "lock in" profits.

[Vasiliy Sokolov]

sever30:
As C-4 says, the TC must have an economic justification. What is it with Kandebarb?

I hear it all:))))

Candelabra is a trading system that requires no indicators or technical analysis, working on a clean chart, with a single order. It requires only 5 minutes once a day.

The system is g****. It has long been scientifically proven that the probability of closing the bar in the opposite direction from the previous one is higher than closing in the same direction. That is, in fact, you will open in a place close to the local extremum in the hope that it will be broken through further. The result will be a complete loss.

Denis Orlov and Moskitman should read the basic theory. The relation between the targets and stops has nothing to do with it.

[igor]

Here is the Candelabra's work from 2010.12.01 to today

Symbol		EURUSD (Euro vs US Dollar)
Period		Day (D1) 2010.12.01 00:00 - 2011.01.31 00:00 (2010.12.01 - 2011.02.01)
Model		All ticks (most accurate method based on all smallest available timeframes)
Parameters		Lot=1;
Bars in history	1045	Modelled ticks	528587	Simulation quality	90.00%
Chart mismatch errors	1
Initial deposit	10000.00
Net profit	7595.60	Total profit	20454.80	Total loss	-12859.20
Profitability	1.59	Expected payoff	194.76
Absolute drawdown	1411.60	Maximum drawdown	7502.40 (46.63%)	Relative drawdown	46.63% (7502.40)
Total trades	39	Short positions (% win)	0 (0.00%)	Long positions (% win)	39 (51.28%)
		Profitable trades (% of all)	20 (51.28%)	Loss trades (% of all)	19 (48.72%)
Largest		largest profitable trade	2292.80	losing deal	-2098.80
Average		profitable deal	1022.74	losing deal	-676.80
Maximum		continuous wins (profit)	6 (6189.20)	Continuous losses (loss)	8 (-4620.40)
Maximum		Continuous profits (number of wins)	6189.20 (6)	Continuous loss (number of losses)	-4620.40 (8)
Average		continuous winnings	3	continuous loss	3

[Andrey Kornishkin]

JonKatana:

Candelabra is a trading system that requires no indicators or technical analysis, working on a clean chart, with a single order. It requires only 5 minutes once a day.

Description: After the close of the daily candle of the previous day, open an order at the Open price of the coming day in the same direction, in which was formed a daily candle of the previous day (if it was bullish - open order Buy, if bearish - Sell) with Stop Loss on the extremum of the previous day candle (if we place an order Buy, then the Stop Loss for it expose on the low price mark of the previous day candle, if we place the order Sell, then the Stop Loss for it expose on the High position of the previous day candle). Take Profit or Trailing Stop are not used.

At the end of the day (by the end of the day candle), there are three possible options:

1) The order type is correct, and the daily candle closed in the profitable direction. Then the order is closed, the profit is fixed, and the algorithm repeats.

2) A Stop Loss has triggered. The algorithm is repeated from the beginning.

3) The candlestick turns in an unprofitable direction, but it has not reached Stop Loss level during the day. Then this order is left until it does not trigger the Stop Loss, or any subsequent day will not close in profit for this order. A new order is still placed every day according to the algorithm regardless of the previous day's pending orders.

P. S.: manual testing on EURUSD during the last 110 days has shown +2300 pips profit with maximal continuous drawdown around 350 pips.

Something with the same parameters as above:

[Александр]

I did a similar one, on pound/dollar. Opening towards yesterday's candle at 0.00 tp 400 - 500,sl-800-1000 and forced closing at 16.00. At a loss-making martin. Initial lot 0.1, the limit max lot 1. For the first half year 2010, about 5000 USD. Then lagging on the spot...................................

[igor]

Here's from the beginning of the year

[Александр]

On the contrary, on the euro, the second half of the year is profitable

[moskitman]

candybar