About "Time Bomb"-block

[jims]

Hello,

The Time Bomb Up/Down block...how is it calculated?

Is it:
If price moves 10pips -within- (less than 5sec) 5seconds -> do this.

Lets say price moves 10pips in 3sec...would that trigger the function?

Or is it:
If price moved 10pips -after- 5seconds -> do this.

Does it have to count 5sec first and after that check if price moved 10pips or more ?

Hope my question is clear enough
Thank you !

[timmyhanke]

@jims

I think it's x pips up or down depending on what block you use in x seconds .

So it has to reach your pip amount in the seconds you put in.

[jims]

@timmyhanke
Okey thanks timmy

[fxDreema]

Long time ago I tried some EA on the internet that looked profitable and the way it worked was something like what this block does. So I decided to make this block. The code of the block is not changed since then, so I must look at the code to see how it works.

But there is one problem - It is almost impossible to backtest this block, because the results will be fake. Just like the EA I was testing back then, it looked profitable, but only because the way it was programmed fooled the Tester, it exploited the way it works.

Is you decide to try this block, carefully observe the way it works.

[jims]

@fxdreema
Yes. Time aspects are hard to backtest i guess.
Will try it out in live markets
Thanks !

[timmyhanke]

@fxdreema

I have always thought that it might hide a very important fact to it anyways , like the way opposite / break of trend often show a better result in backtest than if you trend trade.

Thats because a faster winrate than the loosing once and something small often turns off bigger than you think as in life.
So the aspect is there and use it with a filter of some sort would mean something brilliant.

Remember one thing or a saying that ive come up with :
When something have happened is a result , and most indicators including price action .

Why dont beat the hell out of a raging market with reverse and thats like 90% of the current market and stop when the trend show ?

[tcanuto]

@fxdreema Hello fxDreema. If you remember, I also created an EA that made millions in backtest, but in reality the results are different.

If it were possible to somehow simulate the ticks how it works in the real market, I imagine we would have EAs millionaires among us!

[timmyhanke]

@tcanuto

see it as its some truth behind it and explore every inch of it

[tcanuto]

@timmyhanke I do not know what else to do. See the project here. If you know how the same results work on your real account backtest, share with us.

shared/UIgIsffJ

[timmyhanke]

@tcanuto

share it with a link that works , i only got the shared/UIgIsffJ
What i ment is on backtesting most expert advisors on not the tick based especially the once that are made reversed will show you a better result ( opposite trade) but when backtesting they wont do as it was telling , and the same with a normal tick based backtesting.

It shows a better result for many different reasons , and the 2 major is that its faster gain if you trade the opposite of the trade and maybe the spread / payout is different.
The same with time bomb , its some truth behind it as well , but its need to be combined with something to work as it should , because it wont do it by itself, maybe flags to see the trend and range and so on .
The result is up to you to come up with , something that will match the first ever backtest you made on this case timebomb.

[tcanuto]

@timmyhanke
Here's the link. By default, fxDreema only shares: share/xxxx for example.
https://fxdreema.com/shared/UIgIsffJ