Hi everybody,
Take a look at the attached images..
Can you tell the noise from the signal ?
Do you want to make money on a low risk(risk comes first) high profit(profit comes second) strategy..?
It is free..theoretically..you will have to discard your ego..and for this you will pay a very high price..your ego.
I will teach you how to do it..but only you accept responsability to learn it/or not..if you unlearn your ego,you will be able to understand that the market is only a mirror of yourself,if you don`t..you will get the same results as always
...Take a look at the attachments..then,in the next posts,I will explain..
EDITED AND UPDATED :
I HAVE ATTACHED THE LAST SET OF INDICATORS AND THE TEMPLATE FOR MY SYSTEM..MY INTENTION IS THAT ANY FUTURE UPDATES WILL BE DONE IN THIS POST ..TO BE EASILY ACCESSIBLE BY EVERYBODY..
THESE INDICATORS,AND THE SETTINGS OF THE TEMPLATE, ARE THE ONLY ONES I SUPPORT AS SIMBASYSTEM..ANY OTHER VERSIONS OF THEM ARE NOT APPROVED TO BE USED WITH THIS SYSTEM..AND CAN LEAD TO DIFFERENT RESULTS.
NEW EDIT AND UPDATE: 28 APRIL 2007..The later posts of this thread had been dedicated to create an EA that allows us to capture the decision making processes of the system.
We also implemented extensive backtesting that showed a consistently profitable and safe to trade system if used exclusively on GBPUSD,GBPJPY..for other pairs,even if the conceptual basis of the system can be easily applied,I do it most of the time,the test results are indicative of negative results in the long term with the standard parameters
Then we started a forward test of the system it started on 27 March and stopped on 20 April,unintentionally,probably due to the fact that we run out of support from our forward testing backer
..we started with 20kUSD the 27 March USD and ended with 22.9K the 20 of April..
And you will find in the EA attached in this post,and its test results in the next one ,with the official settings which ,obviously,include the rules for trading the system,and the testing results..one interesting note for those that either believe or not in backtesting,the only way to effectively backtest a system is to use both in sample and out of sample testing to avoid overfitting of system parameters to particular market conditions,so,what we did was to test in sample for the period that goes from June04 to FEB/March07..and then test out of sample for the period that goes from Jan01 to June04..and confirm positive results for that period too.
Some of you may think about the usefulness of using an EA in a manual trading system,and my reply is that testing of assumptions is essential for any trading system,either manual or mechanical,and ,to do so, in a systematic way,you need an EA.
So,this is one of those rare threads,if any,where you will find ,first,an interesting
manual trading system , second,an extensive testing of its assumptions,and third,the EA and rules that will allow you to test and fine tune the system in the near Future,both for the used pairs(GBPUSD,GBPJPY) and for any new pair you may wish to apply...if somebody wants to cooperate in the forward testing issue we could have more
..Inform
Finally ,I would like to thank Malcik,Frantacech,Zathar,Duke and all the others that contributed with their time,tests,comments and critics..in that order
Regards
Simba