CAP Close trading / back to an old level trading

leo

11 months ago
updated 11 months ago
Under review

Cap Close Strategie

I checked manual EURUSD, DAX and DOW JONES with data from investing.com for 2022-2023

EURUSD

Days times % close

1st day 481 93.22

2nd day 6 1.16

3rd day 2 0.39

4th day 3 0.58

95.35 % after 4 days

DOW Jones

times % closed

1st day 325 63.85

2nd day 43 8.45

3rd day 21 4.13

4th day 15 2.95

5th day 9 1.77

81.14 % after 5 days

DAX

times % closed

1st day 289 56.78

2nd day 54 10.61

3rd day 29 5.70

4th day 18 3.54

5th day 17 3.34

79.96 % after 5 days

new parameters:

- Target (Take Profit): candle close on a specific time. eg. 17:30, 1 min, 5 Min, 30 Min.

- Distance from Target: in Points or % ATR to open a trade towards Target Price.

- min distance in Points or % ATR to open a trade.

- Distance to Target in Points or % ATR for later or earlier trade close. (under- overshoot target price)

Signal should be valid for 24h. Can become multiple time filled/closed

If open trade is not closed on day one, have new deals should be possible daily (0-x time) and run them parallel

Example:

at 17:30 EURUSD is 1.100

active Periode 1: 09:00-10:00. we open trade at 1.112

close at 1.102

Not closed days are mostly when a strong trend begins, avoid with news filter

Replies 12

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Andrey Khatimlianskyi

11 months ago
Under review

I don't understand the initial signal.

When should the EA open a trade?

Can you show the chart with an illustration?

11 months ago

There is not a typical signal. Its a trade back to a past price. Typical to the pre day close (pdc). This time changes depend on choosen index (US/EUROPE/ASIA. Init the trade with a minimum distance, add with martingale. I would use an active time filter to allow init trade on new day.

Still not clear for me.

Do you want to open a trade when price reaches "PreviousDayClose +/- X points" level?

Try to use Pivot filter, it could work almost the same way.

No I would like CLOSE trade when reach "PreviousDayClose +/- X points".

I would open a trade Y Points away in direction PDC.

I exercise a lot with Pivot Points as signal. I'm never positiv with usage.

Pivot Point is rare touched. Very often it reverse before.

Quote from leo

Ok.

MA above/below with period 1 and TimeFrame D1 will suit your needs.

You can also set a distance as a volatility (ATR, StDev).

Please share your set when you have some results.

MA 1, daily is an excellent idea. very smart, thanks Andrey.

I tried but I had to add second MA 200 on 4h "Buy on cross DN / Sell on cross UP" both as "Close on Collective Signal" for a better exit.

I open trade daily in time frame 08:00-11:00. Just one trade.

Result is good but not yet wow. It trades only about 50% of the days. Details in the pictures.

Question: Is it possible to open trades again with same logic, even if there is an active one? Ideal 1-n parallel.

I tried "new deal on new bar" but not successful.

CP_DAX_1day_MA1_close trade.ini

Here you see many day without a trade. Test was from 3.1.2022 to 27.12.2023

Here is the result with DOW Jones Backtest.

I test without SL to see max decrease.

I open Trades 1h before New York is open. (Open) Trade windows 3h.

Problem:

Sometimes on new days, I get new "inital" trades even the old are not closed. (Hedge allowed true&false).

Then the old trades are closed with a loss. I assume that correct because on new day new TP (MA1) but its not clear. May be we have settings i not know yet?

Overall, without strong trends, the CAP Close strategy is regularly positive. Martingale increases profit huge.

Important is US Newsfilter for 48h, which I don't use in the backtest.

DOW can go very far quickly, but can also go back again

Strong trend after non farm payroll