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I did a backtest of this system for EURUSD pair during the first two hours of the European session based on the rules posted.
The opening and closing of the trades was done on the close of the candle. This method on every tick mode gives more accurate results for backtesting purposes than using the open and close of trades during the formation of the candle.
The results with 90% modelling quality was profitable. I had only have 4 months worth of 1min data to do accurate testing.
If you trade with discretion, you could achieve even better results.
Of the indicator based mechanical systems, this and the Braintrend systems are the ones I am most impressed with. I have tested both in live conditions.
Nevermind,..
What I mean is... in this section we only talk or discuss about indicators and how to use it.. and I think waddah had explain to us how to use his indicator in his previous post..and I think this Indicator looks promising ..
if i'm not mistake, you're trying to combine waddah indicator with other indicator to use them in trading.. and i think we should make new thread for this, or move this thread to the suggestion for trading system section..
Correct me if I'm wrong...
Yes Primajaya i agreed with u. This tread is for waddah only. If you want discuss XO please go to proper tread. There are alot thing to explore about this indicator and please give a constructive comment. Welcome Waddah
I did a backtest of this system for EURUSD pair during the first two hours of the European session based on the rules posted.
The opening and closing of the trades was done on the close of the candle. This method on every tick mode gives more accurate results for backtesting purposes than using the open and close of trades during the formation of the candle.
The results with 90% modelling quality was profitable. I had only have 4 months worth of 1min data to do accurate testing.
If you trade with discretion, you could achieve even better results.
Of the indicator based mechanical systems, this and the Braintrend systems are the ones I am most impressed with. I have tested both in live conditions.
mangman
which EA your using pls ? I did not hear about the wav EA b4
Skydart template looks good and clean for trading, YouTube on one corner and my picture on the other corner .
I have my screen filled with indicators as in the last two weeks I am not making money using Isakas, the signal generated is a bit late... and that’s what I like a Waddah it has an early signal ... if you look at the picture I posted earlier you will find the sequence of the signals generated to trade, now I need to see which one has less noise ....
Is it ok to enter on the signal or should you wait for the candle to close. I jumped in today on the signal and grabbed 15 pips. but didnt know if that is proper method for this indicator.
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Linear Mode
