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Thank you very much Mark for your effort to present us your ideas, backtest and the indicators.
I think we are all learning from each other which makes this place a great forum.
so to sum up your system:
- When the fast MA (12) crosses from below the slow MA (65) you buy
- When the fast MA (12) crosses from above the slow MA (65) you sell
3 level of take profit: 25 50 and 75
No stop loss ?
When I checked your manual backtesting I notice that when taking price, you didnot take Open or close of the next bar but at the exact cross ?
I am not sure if you woul be able to reproduce this in forward testing.
Ex: the cross for the EUR/USD on the 6th of January 1H 14:00 GTM, you close your sell at 1.2112, I am not sure in real time you would have closed that trade at that price and may have closed it at the bar close 1.2161.
I mean this is a bit extreme but your profit can go quite quickly in this case.
I am not here to argue, I think it is interesting so lets start this indicator + EA.
Thanks for sharing.
S.
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