(Share) Banana Pips - Volatility scalper

#1
I am sharing this EA, it is a mix of some strategies discovered here with my own strategy. I am giving back now what I have learned.

It trades the 1M chart on EURUSD, USDJPY and EURJPY but can be profitable on other pairs if the spread is good.

Attached backtests, I hope to hear some feedback and mostly looking for a suitable broker.

EURUSD
EURUSD.jpg
EURJPY 1M
EURJPY.jpg
USDJPY 1M
USDJPY.jpg

There will be further development on this strategy and the mql4 will be made available soon.
 

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leeb77

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#7
Hi, thanks for sharing. I'm trying to backtest with tick data and accurate variable spread - no results. Any ideas? My other EAs work OK so it's not my setup...

SORRY - FIXED NOW WAS DUE TO MAX SPREAD AM NOW TESTING...
 
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leeb77

Member
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#9
Expectancy is very very low .... in Real account slippage will kill it.
although the EA shows promise for the past year with a tick backtest I agree somewhat with the comment below I think execution time or the slightest slippage could impact the EA greatly, I tested with real slippage and found EURUSD and USDJPY to be profitable but not EURJPY. Hope that helps, and thanks again for sharing.
 
#11
Banana Pips v1.22 - Enabled settings

Banana Pips v1.22 - Enabled settings

Hi guys, I agree with you that slippage is the issue here, I am constantly trying to get around it, please have a look at this version much more improved.

I am only trying to collaborate and get ideas from the community to make this strategy work for real.

I have enabled the magic numbers
 

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leeb77

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#12
Thanks Trevone, that version seems to tick backtest with better results on the EURUSD, will carry on testing and observing for you...
 

mapq

Member
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#16
Excellent idea, pity is not working in live with these values(stop loss/take profit), try to modify the (r: r) and tells us something. Good job.
 
#17
If you use a fixed spread of 20 points on EURUSD or use a 15 dollar commission charge on real spread, and apply a average slippage of 5 to 10 points, using Tick Data Suite, the tester still give you positive result, then in live trading, it may give you profit. Otherwise, don't wast time on testing using demo.
 

iwjw

Member
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#18
Hi trevone,
thanks for sharing
Question: Is OrderCommission() factored in during the profit calculation?
If not, could you add that?
Thanks
 
#19
the only method of taking profit is using a trailing stop, i dont see how you can take commission into consideration, i have thought much about this and any insight would be helpful
 
#20
mechanical trailing stop which requires a lot of modification of orders to close trade is not a good exit strategy. Delay of modification of orders by the broker server and/or slippage of executing stop orders will make the real trading result significantly different from tester. Try use indicator to point the exit.
 
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