Mar 10, 2012

dan mtf adx robot

This robot from 7-5-2010 is a mult time-frame ADX robot. It checks the value of ADX(21) on 5, 15, 30, 60, and 240 minute time frames, then reads RSI(8) on the same time frames to check for over-brought/over-sold conditions, as well as averaging the results of the stochastic indicator from the same time-frames for over-brought/over-sold technical information.

I was big on over-brought/over-sold back then.

It didn't back-test well. So I checked over the code, found and fixed some (hilarious) bugs, adjusted take-profit, stop-loss, trailing-stop, ADX and RSI values, and tried again.



This result is actually from about the 10th attempt (back-test on 5 minute EURUSD chart, 1-1-2011 to 1-1-2012). RSI and ADX were set to 20. 

$1010 loss, 38% win rate. Not great at all.

One of my multi time frame ADX robots worked fairly well for a while on a demo test, but I don't think it was this one. I think there are several robots with the same name, as they all operated on the same general principal.