Inside Bar Momentum Strategy 2.0
This is a tricky one, as my timezone is not producing the same 4H candles. I am running this EA on 1H bars, and create 4H candles artificially, to match the ones from original strategy.
I am UTC+2 (Warsaw) right now, so my 4h candles starts when: hour % 4 == 2.
I do not know Robopip’s timezone, but I have aligned my charts with his to establish proper time offset.
Week 01-08 August 2018
I will explain all transactions in detail :
First transaction has been triggered, the same as in original thread.
Enter PRice: 112.011, StopLoss: 111.736
It coincides with original strategy’s entry, what is proofing correct time shift for 4H bars creation.
The second transaction has not been taken by my system, because High of 2nd bar is higher than High of 1st bar. This is very smal difference : 0.6 pip.
This situation of course will happen, as my broker has different source.
This trade has not been taken, because my quotation starts at 23:00, which is not taken by my system as start of new 4H candle. However, I will not fix that yet - I think combining candles from the end of week and beginning of the next does not have the same value as 2 consecutive 4H candles.
The same situation, Highs of 4H candles were bit different than in original system. (we can see that in original thread, the highs were very close too)
Now situation has changed 180 degrees. My system has taken the trade, but original didn’t. IT is the difference in quotations.
This is the same trade as in original system.
I think this shows that the Inside Candle EA can be treated as ready for forward testing.
Other weeks has also be tested, in a way described above.
What is the system’s performance?
0.4 lot, 5pip spread, since 06 June 2017 to 08 August 2018
Just having primitive EA, this system proved to be successful. It is definitely worth developing.
Is my broker changing summer/winter time ?