Igor, Your logic may be correct about the system but if you re-read his post you need to look at the Context he is writing in. He is writing about having his own manual trading system and wanting an EA for Himself. He is not presenting a system to this forum (even though others may try it out), he is explaining what his system is so that a programmer can help him. It is neither your business nor mine about whether or not his system works ie. if it works for him then so be it. You yourself know that one system can work for one person's mind and emotions and not for another. So it is your misunderstanding not his because you have provided an entirely different context than he is writing in. My intention also is not to be rude to you however traders have the inherent Right to come here and seek help for themselves. However if you have pointed out something about his system that can help him then that is fine, he is simply seeking assistance and there is nothing wrong with that. Why do I care? Because he has only made a few posts here in the forum and I think other traders should welcome new members with some support.
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Originally Posted by iGoR
I don't know who you're trying to fool...yourself or us...
First of all you should better read your own rules again because you missed 2 entrys (see blue arrows) Par. Sar. + new dot on kaufman line. And you placed 1 entry to much (see blue elips).
You say that you have only 6 false trades on 85 entrys ?!?!...
Without a proper exit rule you have already 7 false trades only on this 1 month of data (7 out of 9 trades are false)
You say that you have a stoploss of 150 pips ?!?!...
This system wil perform well in a strong trending market, but in a ranging market it will perform very bad. Your hitratre will absolutly not exceed the 30%.
So that means that your profit target should be at least 450 pips (3 x times bigger then your stoploss).
In non of the trades shown on your chart you catch 450 pips.
Sorry to say so but without a very good filter technic this system is absolute cr*p.
Instead of introducing a system you should better read some topics on this forum and learn some systems that perform many times better then what you try to show.
A Par.Sar. is a good indicator in a strong trending market but so is a simple moving average. And your kaufman indicator will not help you in your method because when Par.Sar shows a signal the kaufman does 99% of the times the same.
With all do respect, I may sound rude, but thats how I feel after reading the presentation of a system like yours. Not with the system itself but that you try to claim that you only have 6 false signals on 85 trades and that you have a stoploss of 150 pips and an average win of 34 pips with a system that is so obvious it will perform very bad in a ranging market (with a system like that 15 consecutive losers is not impossible) and like I said your hitrate will not exceed the 30% instead of the 93% that you claim.
regards ..iGoR
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