Following on from my previous post, I thought I would post a couple more comparisons. Firstly going back to the EURGBP ranging period starting 17/10/19 (as per daily chart below again, in the days following the 2nd red diamond):
In my last post I included the equity curves for both the repeated short run and extended (no profit target run) for my unbiased grid EA. The extended run results were a follows:
Because the price action drifts down, I thought it would be interesting to see how the biased version of the EA, with the same settings except sell entries only, would perform in this same period - the results are as follows:
So basically it performs perfectly during this period (98.9% win rate, out of 187 entries) - of course the challenge is I don't know the price action will drift down, so as yet it would not be possible to actually get a result like above with the biased version. Interesting to see what it could achieve though if I could get the timing right.
I also mentioned earlier that for my unbiased grid EA the mulitple short run (with GP profit target) approach generally gives better results unless a market is ranging in a very tight perfectly horizontal band. I thought I would show a comparison of the 2 approaches in such a case. The GBPJPY has been in such a tight horizintal range for the last month or so, so the results of both approaches are shown below:
GBPJPY price acion on the daily timeframe in the last month (following after the 2nd red diamond shown):
Firstly the results for the extended (no profit target) run:
Secondly the repeated short runs with a $50 Gross Profit target (there were 11 in the same period):
And a summary of the results from both in table form:
So even though the extended run suffers losses of a few hundred dollars near the end before closing for a $376 profit for the period and the losses for the repeated short runs approach are smaller, the extended run achieves a higher overall net profit. So in the case of a pretty much perfect tight horizontal range price action regime the single extended run is better than the repeated short runs (and both make profits).
But I would say that such tight range conditions are quite rare and so in such rare conditions an extended rn may peform better, but in a wider range of conditions the repeated short run approach performs better and therefore likely to offer more consistent returns over the long run (which is what I am interested in). So for me the short run fixed profit target semi-auto approach is clearly the better option.
