|
I am confused by backtesting results. I see the tester chart open up with 3 indicators on it. the bulls power, the bears power the RVI and then I add the phoenix (firebird safe-as it displays on chart) and then...
I start looking for the patterns between when it has placed trades and these indicators using the settings just as they were released with no changes...
I see trades placed when the firebird safe indicator is inside the middle two lines AND out side the two lines.
By no means do I mean this as a disparagement. I am simply noting observations and saying I don't understand.
I don't see any rythm to pattern to the bears and bulls indicator levels that is uniform across the trades nor for the RVI or the firebird safe so I'm not sure how these are being used??
My initial impression of this given that I don't understand it is that it's very timing driven and very trend blind, taking short positions in uptrends and long positions in downtrends. If that is the essense of countertrend trading then that seems backwards to me..What I have to wonder however is that if something is indeed backwards and losing like my test report is...can it be reversed 180 degrees and win commensurately as badly as it lost?
I just don't know if this is coming or going at this point.
Feel free to enlighten me on what I'm missing.
what pairs work best and what time frames with what settings?
|