MQL4 Mean Reversion Systems

[pippa]

Hi Jim,

I totally agree that start/end time will affect things*, but I'd say that with this D1 system, that only offers appr. 44 trades in 10yrs+, it does not really matter, as in the real world, trading, I cannot imagine anyone running this EA (only), which might not trigger a single trade for 5yrs in a row.

That said, things might look different, if you run this EA in addition to other EAs on the same a/c, and maybe on a whole bunch of currency pairs.

Regarding start/end time of the daily bar, I think
.) You are right that after 5pm (US Eastern) volatility and volume dies down, but
.) 'Philosophically' speaking, I also think it does not matter, if you find three quiet hours at the end of a daily bar, or at the begin.

I had a demo a/c with finfx.fi, and they are 3hrs ahead of GMT, so this would be an easy fix to check for anyone interested in 'shifting' the end-time of a daily bar.

At the moment I am heavily backtesting GuruEx06v1.04 aka the LondonBreakoutSystem, and there it shows (and is easily tested) that different hours *give v e r y different results.
And may I take the opportunity to add a suggestion: could you provide 'Minute'-input for Guru6 starthour/and -range (ie hrs min, or hrs.(fraction of hrs).-Okay I know this is not the best place to suggest it, as it dilutes this thread, but...

[Jim]

Hi Pippa,

And may I take the opportunity to add a suggestion: could you provide 'Minute'-input for Guru6 starthour/and -range (ie hrs min, or hrs.(fraction of hrs).-Okay I know this is not the best place to suggest it, as it dilutes this thread, but...

Done - Thanks for the suggestion.

Jim

[pippa]

Thank you very much for updating the code, allowing for 'minute' input in addition to set the 'hour'.

I will post results as soon as I have meaningful ones to share!

Regards

pippa