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Saturday, June 27, 2009

IMPROVING VS_EUROCROSS

I make a lot experiment during this week with VS_EUROCROSS before updating its expiration time. I try to change the Simple Moving Average with another MA type such as Exponential MA and Linear Weighted MA for building Keltner Channel Indicator. I also change the Average True Range calculation by using same averaging method. Thus I have Keltner Channel indicator with more flexibility in averaging mode. I put both indicators in the same chart and you can see the difference even with the new Indicator I use Simple Moving Average to calculate the Average True Range. The blue channel is 20 period Keltner Channel using customs ATR.
BUILT IN INDICATOR VERSUS CUSTOM INDICATOR

This chart is using Tadawul platform. If we look the chart should be more trade if we use new Keltner Channel Indicator then previous one. In Alpari, using this new Indicator doesn’t make any improvement (worse) with default trading time. But if I change trading time with open Hour 19 and close Hour 23, Using VS_EUROCROSS_D03 you can see the result.

VS_EUROCROSS_D03 with custom ATR
But it is still worse. Because my experiment it made more profit with less trades.
Less trades with bigger profit
And with same setting on EurGbp
Perhaps next time we can have 2 trading time set and give difference risk, other thing that mostly spread during 19-23 time is still low.

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