Quote:
Originally Posted by ForexStyle
is there a murreymath ea available on this forum?
i have been trading murreymath successfully for 2 years if someone can provide me a template i am sure i can take it from there adding further stuff.
thanks in advance
ForexStyle.
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Dear Sir,
I noticed you said you have been trading murrey math successfull for two years. I have never met anyone who has been able to trade the MM system.
So i would be very interested in having a conversation with you.
I have murrey math on my esignal platform, and i have also read the murrey math manual. But i have NOT been able to trade it with consistent profits, and the backtesting also shows it to be a non-profitable system. So maybe i just dont understand it?
I have backtested buying at the 0/8 line, with targets at the 2/8 line and stops below -2/8 but this fails, yes sure it works sometimes, but not consistent enought to be a complete system.
I have also backtested buying at 8/8 line, with targets at 6/8 line and stops above +2/8 but this fails as well, yes it works sometimes, but the consistency of the system is not good enough.
So could you get in touch with me, and id love to understand your rules for engagement with the murrey math system.
Thanks
Riz