Hello,
Obviously we have two groups here: one to proof that Igors system does not work and the other to defend it.
My approach is a little different. Before I jump into a trading system I first try to understand it, than make some back tests, papertrading, trading with a demo account in a real as possible invironment and finally with a small live account. This I had to learn the hard way. Everyone who is doing it differently will be soon or later in deep trouble.
I was a member of Igors chat-room during November, had to learn the system, made many mistakes and tried to trade it even with a trading-pal, working on shift (because of the 10 h high concentration).
Finally I realized that my results are often different from the official ones (Igors statements).
In order to understand that I started an intensiv analysis, because I still have faith in the system.
To be fair I will send this analysis first to Igor and later it will be puplished here.
When Igor send the working-sheet (results for Oct-Nov) I studied it carefully and found some trades that I don`t understand. At least they were not traded according to the strict rules. This might be because of human errors, or may be because of purpose, e.g. applying a certain filter.
I send Igor some days ago a mail with these questiohns, but unfortunately haven't received an answer yet.
Maybe some one else (Arctic, Kimmy, ...) can come up with an explanation.
I've attached an Excel-sheet (actually Igors working-sheet, but with some additional calculations and notes/questions) and 2 images with these questions.
Please check this Excel-sheet carefully, try to understand my point and hopefully comming up with a good explanation.
This is not to criticize anyone, just to claryfy and to understand the system. And I believe it is a good exercise for every one to get a better understanding of Igors strategy.
Thanks for the help.
Antomi, alias Mibel
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trades Oct-Nov.zip