Hi
Prepare to be blown away ... this explosion is incredibly loud.
I just completed some testing, created an EA for the BANANA Indicator.
The British Pound
Hourly Time Frame
Jan - No 2021
Entry based on Banana Signals
Target 150 pips or Trailing Boxes.
Simple.
SL 25
Fixed Target 150pips
Trailing Box Trailing.
Results: 37% Win Rate 68% Profit Profit Factor 1.7 (wow)
See for yourself.
Results of GU on 2R target.
34% Growht on 2R targets
AUD/USD 14% Profit
68% Profit - Banana Indicator Auto Strategy Test
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
68% Profit - Banana Indicator Auto Strategy Test
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Banana Algorithm RESULTS - 68% Profit on GBP/USD
The GU Big Trade
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Add ons
It can take add on trades if first trade is BE
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
AUD/USD 29% 15 SL 45TP 15 Trailing Stop
AUD/USD 29% 15 SL 45TP 15 Trailing Stop
Results
Results
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
GBP/USD 87% Profit since 2020
This is a swing trading strategy based on the banana signal 1 and 2 only.
Max target is 200 pips
Stop Loss is 25 pips
The lot size is always 1
Account size 10,000
Trailing stop based on Fractals (not the BOX since fractals are made of 4 bars in mt4 shit coding)
Win Rate: 37%
Profit Factor: 1.48 (Looks pretty healthy).
Max target is 200 pips
Stop Loss is 25 pips
The lot size is always 1
Account size 10,000
Trailing stop based on Fractals (not the BOX since fractals are made of 4 bars in mt4 shit coding)
Win Rate: 37%
Profit Factor: 1.48 (Looks pretty healthy).
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
225% No Compounding Growth GBP/USD 2012 - 2021
Here is something interesting
If you traded the GU wince 2012 with the banana indicator and took trades based on only 1 lot positions and let them run until stopped out trailing boxes, you'd be up 225%
What kind of trades did the EA take? Here, have a look
https://www.screencast.com/t/ey1ack4q
How to Improve your Trading using this Data?
If you study the trades the EA has taken, you can learn more. We know there are trades you and I won't take due to several reasons. Here is a set of data for you to check your knowledge against. This is solid concert proof, now you go ahead and see if your filter rules will improve the game or make it worse?
I have for you a template that you can download and hopefully be able to see all the trades taken. You can add the current banana indicator on top of it and see which trades you would take and which you won'.t I am 100% sure a lot can be learned from this exercise.
The MT4 Template with all the trades?
Download here
If you traded the GU wince 2012 with the banana indicator and took trades based on only 1 lot positions and let them run until stopped out trailing boxes, you'd be up 225%
What kind of trades did the EA take? Here, have a look
https://www.screencast.com/t/ey1ack4q
How to Improve your Trading using this Data?
If you study the trades the EA has taken, you can learn more. We know there are trades you and I won't take due to several reasons. Here is a set of data for you to check your knowledge against. This is solid concert proof, now you go ahead and see if your filter rules will improve the game or make it worse?
I have for you a template that you can download and hopefully be able to see all the trades taken. You can add the current banana indicator on top of it and see which trades you would take and which you won'.t I am 100% sure a lot can be learned from this exercise.
The MT4 Template with all the trades?
Download here
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Impulse vs No Impulse Filter
What if we test the data based on the 3 bar impulse filter we introduced in Version 8 of the banana indicator?
Check the two tests side by side.
The Differences:
Check the two tests side by side.
The Differences:
- Trade Number is halved.
- Profit Factor went up from 1.13 to 1.36, massive.
- Drawdown 42% reduced to 37%.
- yet, profit went from 15868 to 18928.
- The Equity curve looks a lot smoother.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
The Human Factor: Model vs Reality
The Human Factor:
Remember though the Human Factor: No matter how objective and elegant the code, The BOT (the trading expert advisor, script or algorithm) can’t really figure out the 4 Most Important Questions.
The first being, Is there an impulse move? The Banana Indicator comes with a flow chart of 4 Questions. We only take signals that have 4 YES answers to 4 Questions. It is hard to code some logic.
The pullback pattern that gives us the highest probability of winning occurs during trending markets. The pullback method is NOT to be used within tight ranges. The testing bot, (at least the one we are using for now) can’t do certain things such as;
When the “human eye” or “observation”, assuming the trader exercises at least an 80% discipline, meaning being objective, can eliminate a lot of unnecessary losses. Because we can assess quality.
When you do this then the system goes from 35% Win rate to 66% win rate. And that makes it an extraordinary method to trade. Models are simple and robust. We can make them better when we are disciplined and worse when we trade with emotions.
MORE on this blog post: https://itradeaims.net/testing-testing- ... x-testing/
There are some parts in this video/interview with SMB's top 10million+ per year trader that compliments the stuff I have shared above.
Remember though the Human Factor: No matter how objective and elegant the code, The BOT (the trading expert advisor, script or algorithm) can’t really figure out the 4 Most Important Questions.
The first being, Is there an impulse move? The Banana Indicator comes with a flow chart of 4 Questions. We only take signals that have 4 YES answers to 4 Questions. It is hard to code some logic.
The pullback pattern that gives us the highest probability of winning occurs during trending markets. The pullback method is NOT to be used within tight ranges. The testing bot, (at least the one we are using for now) can’t do certain things such as;
- It can’t figure out “Is there an impulse move?”
- It can’t figure out “Is the move climactic”
- It can’t figure out, “Is the pullback Impulsive?”
- It can’t figure out, “Trend vs Range”; is the entry within the trading range or out of the trading range?
- It can’t figure out, “Filter Tight Ranges”; How to Only take entries within trends?
When the “human eye” or “observation”, assuming the trader exercises at least an 80% discipline, meaning being objective, can eliminate a lot of unnecessary losses. Because we can assess quality.
When you do this then the system goes from 35% Win rate to 66% win rate. And that makes it an extraordinary method to trade. Models are simple and robust. We can make them better when we are disciplined and worse when we trade with emotions.
MORE on this blog post: https://itradeaims.net/testing-testing- ... x-testing/
There are some parts in this video/interview with SMB's top 10million+ per year trader that compliments the stuff I have shared above.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
Darren
- Posts: 891
- Joined: 20 Nov 2012, 13:54
- 12
Re: The Banana Indicator Strategy Testing RESULTS - 68% Profit on GBP/USD
The EA certainly has some fantastic potential if it can stop trading the ranges! 