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I wish waddah the best in both the championship and his other efforts. He has been generous to and insightful with the trading community. However this strategy did not work for a long period of time earlier this year. (Did you miss that waddah mentioned that himself in the post previous to yours?) The backtests revealed this and this is a stategy that is easy to confirm manually. Whether it works going forward for the duration of the championship or for the next ten years, no one knows. All we do know from the backtests is that recent trading circumstances, that may recur, produced large drawdowns and overall unprofitable results using this system for the entire year.
I wish waddah the best in both the championship and his other efforts. He has been generous to and insightful with the trading community. However this strategy did not work for a long period of time earlier this year. (Did you miss that waddah mentioned that himself in the post previous to yours?) The backtests revealed this and this is a stategy that is easy to confirm manually. Whether it works going forward for the duration of the championship or for the next ten years, no one knows. All we do know from the backtests is that recent trading circumstances, that may recur, produced large drawdowns and overall unprofitable results using this system for the entire year.
Nevermind..
I believe there still no strategy work good for a long period of time, it always depends on the market..but I believe if we have a good risk management, we can reduce the lost and increase the profit.
and why waddah set the TakeProfit 330, and StopLoss 200 and only open position on 22:00 GMT, Because he had made research for the movement of GBPJPY before..
I activate Waddah Attar's EA, and I found some strange things;
1. It automatically place orders even it is not 22GMT, can anybody experience this things? Asking this because i read before Waddah mentioned it will only open trade on 22GMT...
2. sometime the EA open trade on same position...both sell or both buy ...
thanks for reply,
gabrielhky
p/s. is 22GMT mean 22:00:00 on market watch's display time?
Last edited by GabrielHKY; 10-24-2007 at 09:22 AM.
I think that a very important thing to notice are that the result differs a lot depending on the day you start the EA (here I am talking about Primajaya EA).
For instance if you start a backtest from October 1st to now, results are very good.
But if you start if from September 27 to now, results are very poor just because it was not started on the same day and then all trades become different.
It was good that the competition started on October 1st and not on September 27 ! But also maybe Waddah EA is more complex that what we only see.
Anyway, good luck to you Waddah for the championship !
Linear Mode
