Comments for https://ctrader.com/products/2659
Comments for: https://ctrader.com/products/2659
- Aartscj
RE" Re-Enter at ORB Break after TP?:
True: If a trade hits TP, the bot waits for the price to touch the ORB Mid line. Once touched, it places a new pending order for the same direction."Re-Enter at ORB Break after TP?: - After TP, can you also offer the option to place a pending order when the bot re-touches the ORB High/Low price?
Everything is possible. I recommend testing this bot first and compiling a list of modifications you'd like to see. Since this is the 'ORB Advanced Bot,' I am committed to optimizing it to benefit everyone trading ORB.
You will receive the next modified version for free.Understood. All my ORB strategies after a TP price has been hit, by default, place a new order when the price retraces back to the OR High/Low..
I would need this to be available in the latest version. Is that an option?
Also, I see you posted a screenshot of the backtest results. Are you able to share the results and settings for those results?
After TP, can you also offer the option to place a pending order when the bot re-touches the ORB High/Low price?
It sounds more like a limit order: TP was hit, price retraced to ORB break level, limit order filled?The screenshot includes both the backtest and the settings ...
Yes, sorry, I mean a limit order when the price retraces to the OR level after it hits the TP.
Unfortunately, I am unable to read the screenshot that includes both the backtest and the settings. Did you use the bot's default settings? What was the ROI, and what was the timeframe used for the backtest?
I've updated the screenshot. Let me know if it's clearer. Here are the results and settings:
Backtest Results
Net Profit: +$11,323.05
Return on Equity: +1133%Strategy Parameters (Settings)
Entry Order Type: Limit
ORB Period (Minutes): 15
Target Mode: Ratio
Risk Percent: 5
TP Ratio (ORB Range Multiplier): 1
SL Ratio (ORB Range Multiplier): 1
Cancel RR Ratio : 10
Move to BE R/R Ratio: 4
BreakEven Offset (pips): 0.2
Re-Enter at ORB Break: No
Close Trades on Session End: Yes
Max Trades Per Session: 5
Time Settings
Session Start (UTC): 08:00
Session End (UTC): 20:00
Enable EMA Filter: Yes
EMA Period: 10
EMA TimeFrame: m5
PDH/PDL Filter
Enable PDH/PDL Filter: NoThanks for sending the settings. What asset was the backtest run on? Were the backtest results for 1 year?
FYI, I trade the Indices such as DAX (08:00 UTC+0), SPX500 (14:30 UTC+0), and US100 (14:30 UTC+0) using an ORB interval of 1 minute.Also, will the latest version of the bot allow the option to place a pending Limit order after the bot reaches the TP and retraces to the ORB High/Low price?
Could you please run a backtest on the SPX500 (S&P 500 index) using the following settings and post the results
Strategy Parameters (Settings)
Entry Order Type: Stop
ORB Period (Minutes): 1
Target Mode: Ratio
Risk Percent: 1
TP Ratio (ORB Range Multiplier): 2
SL Ratio (ORB Range Multiplier): 1
Cancel RR Ratio : 10
Move to BE R/R Ratio: 4
BreakEven Offset (pips): 0.2
Re-Enter at ORB Break: Yes
Close Trades on Session End: Yes
Max Trades Per Session: 10
Time Settings
Session Start (UTC): 14:30
Session End (UTC): 20:30
Enable EMA Filter: No
EMA Period:
EMA TimeFrame:
PDH/PDL Filter
Enable PDH/PDL Filter: NoI've updated the code :
"Updated Re-Entry Logic: In OnPositionClosed, if ReEnterOnTP is enabled and the trade hit Take Profit:
It bypasses the "Wait for Retrace to Mid" logic.
It immediately places a Limit Order at the original breakout level (Retest).
It labels this order "ORB Retest" to prevent the "Cancel RR" logic from deleting it immediately (since price is currently high at TP)."To place a limit order after TP was hit, just enable the function: "Re-Enter at ORB break after TP"
Sorry, you will have to run tests on your own
Ok, thanks...
What specific trading asset/product did you use for the backtest you ran? Was it Gold or a currency or a Stock Index?
Were the backtest results for 1 year or a different period?I used USDJPY 5m chart, but you probably can fit it to work with any asset that respects ORB
It's a yes, 1 year of backtest on USDJPY
I actually used the 1m chart, not 5m
With risk of 5% per trade
from 27/11/2024 until today : 1488% (just reran it)Understood. The critical part is the Max Daily Loss and Max Drawdown levels.
The bot needs to provide the flexibility to add/change the Max Daily Loss and Max Drawdown levels in percentages of the account equity/balance.
E.g. Max Daily loss = 3%
Max Drawdown = 6%