Sixth place finish in the Dukascopy JForex July strategy contest

Update Dec 7, 2010: I have won a few more times in this contest including a first place and a third place. Dukascopy flew me to Geneva in September for an interview.

Preliminary results from the Dukascopy JForex Strategy Contest last month shows that I finished with a sixth place. That is a USD$1,000 win for me. This is the second time that I have won since April. As usual, I agreed to disclose my strategy so that I can receive 100% of the prize money. You will find a link to the source code file at the bottom of this post.

I am very grateful of Dukascopy (affiliate link with a 35% rebate on their commissions) for providing this opportunity. This contest provides me with a great incentive to learn their trading API as I have intended anyway. I have a live and funded trading account at Dukascopy that has yet to be touched.

Anyway, I will explain my strategy just like last time. This one is an improvement of my Keltner Channel and candlestick setup as I have discussed previously. Last time I had 200 lines of code. This time it’s almost 500 lines. Most of the new codes are for position management. The basic setup is similar conceptually. Buy on retracement in an uptrend, and vice versa to short.

Seeing that my strategy is quite long, I doubt I can explain it fully in a single post. As such, I will split this task into a series of future posts to be posted this month of August. (Update: The first post of the series is posted discussing the use of multiple time frame in JForex.)

In the mean time, the complete source code for my strategy is available courtesy of Dropbox.

Related posts:

1. Reading the fine print for Dukascopy JForex Strategy Contest
2. Clarification and relieve for Dukascopy JForex Strategy Contest
3. JForex Example: Multiple-time frame strategy
4. Another trading contest from Dukascopy
5. Dissecting a JForex strategy — MA_Play.java