Hello guys, this is my first posting, what you thinking about these indicator's
for exit.
1. fxsniper cci-default settings
2. lsma in color3
a-7
b-16

Attached Files

indicator's.zip (2.2 KB, 75 views)

Originally Posted by guibermc
"
I am uploading a backtest the my brother did on the system, take a look at it and we ll talk about it."

What is the rule for exit of 4th lot

Hi!

I do not understand the backtest of your brother.

Thank you!

Nina

nina its amazing we show them everyday with charts and results and yet backtesting is still required more indicators needed so on and so on it gets a little tireing dont you think? i dont mind helping but this is not rocket science if you get a cross of 50 ema on 30 min chart and step stoc crosses put on trade whats so hard about that

Harold...

Did you find any interesting moves during the US session? I am not sure but I think I read in this thread that you dabble in the Asian session as well?

__________________
PIP or Die

30 pips trailing stop loss.

Regards.

It shows when there was an entry, at what price and with an exit strategy scaling out 4 times, 1st @ 15 pips, then @ 30, 45 and finally last one with a trailing stop loss of 30 pips, using that exit strategy trading since 12/8/05 the system yielded 25482 pips, being february the worst month (very choppy month).
Finally you can see that compounding the wins you could have turned a 5 k account in almost 120k in only 6 months.
Something that is missing is the risk per trade, it starts with 0.5 % and the max is 1.9% per trade, trading all 3 majors at the same time was at top 5% risk, it is a bit high, but not terrible.

If you have further doubts let me know.

BTW, thank you for this system !!!

Regards.

Hello harold,

I know you ve been doing this for some time now, but i am relative new to this, and since i am interested in trading it live, i need to see what and how has erformed in the past, for myself. This was a really hard work to do, and I shared it only for other traders with doubts about how the system can perform in non trending markets like the past 3 months, and they can see how a good system like this with clear rules, good money managemet could have yield a lot of money, followed strictly of course.
Obviously taking into consideration that a backtest should be taken with a grain of salt, but as i didn t see the system working on not trending made good sense to see it by myself rather to let others tell me it worked.
Now you have here the data of the trades that appeared, if anyone care to look at the dates you will see for yourself what operations were traded and learn faster how to trade it.
Finally if it was easy to trade forex i m sure we wouldn t be here posting, before trading succesfully any system you have to beleive it works, i m glad that you are already there, i will be there soon to.

Regards.

PS: this bactest took a lot of time and effort to make, so please don t trash a work that you may not need, i do needed it.

i am not trashing your work sometimes backtesting doesnt prove enough sometimes indicators repaint past so you will get false readings the best way to test is to trade it live on a demo first learn how to plan your trade and trade the plan i have been doing this for 6 yrs and before i came across the step indicators i always used a cross of the 50 ema along with different filters since i switched to step stoc indicators my win loss ratio has jumped from 63% to 78% what i think confuses people are the different levels of entry so let me explain it simply so every one gets it when we have a cross of 50 ema and a cross of step stoc put on trade thats level1 when step indicator is in say upside and price comes down and closes below we wait till price closes above to enter thats level 2 level3 is tricky so stay away from it for awhile there are plenty of level 1 and 2 trades daily level 4 is simply a breakout say we are in uptrend and step indicators are in uptrend but we have consolidation on a break of recent high you enter only to the upside oviously if its a downtrend we only take trade to down side thats what is meant by trading with the trend hope this clarifies things and cisco i dont trade european session i sleep then i used to trade both and though i could make more money i chose to sleep instead i dont want this stuff to consume me

Could you let us know how you performed the backtest, was it just by manually looking at old charts.