Originally Posted by metastock

Update my manual backtest on Alpari demo account from 03 gen 2007 to 04 may 2007 only on Gbp/Usd TP 15 e SL 30:
Orders: 127
WINNING 78,7%
LOSSING 21,3%
MAX CONSECUTIVE LOSS: 3
MAX CONSECUTIVE WIN: 19
PIPS: + 690

Very good

Originally Posted by riffster

Sounds fantastic! Would you mind discussing your time zone set up and any filters that you might be using...?

Thanks

Originally Posted by joelabu

Hi guys!

this strategy is great..foreward tested it..and good result except for last friday.. hit both of my SL during asian session...just like to know what could be the result for tomorrow?.. is it going to be bearish?...will it LO tomorrow?

Originally Posted by itguy

I have been working on this system for a 2 weeks straight to find the best settings. I have manually backtested for one year and then took weighted averages together with the median values of the winning trades to come up with a prime +/- value, take profit value, trade range value and stop loss value. These resulted in an 85% success rate and even higher for some pairs. This system DOES WORK on all 12 pairs, oddly enough the best pair to date is gbp/chf.

Also in my backtesting I reviewed the relationship between the 2 trades placed each day and found the following.
1. If the first trade that triggers is a winner, close the second trade.
2. If the first trade triggered is a loser, double your lots on the second trade.

Just those two rules keeps you out of crappy days, and by doubling up after a loss you come out with a win instead of just breaking even. The main reasoning behind those rules is that a trade/price is not likely to cross both upper and lower take profits in one day. There are dual day winners, but I prefer to stay with higher percentage trades and not go for broke......

The settings I came up with are for all 12 pairs. I am confident enough in my figures that I have opened a new account and funded it, and will begin live trading next tuesday for most pairs. There are some pairs I have found to work well on Mondays.

If anyone is interested in the results of my analysis, let me know and I will post it here.

Thanks again to FXOperator for posting and sharing such a great system!!!!!!

Originally Posted by metastock

I'm italian trader so I enter orders at 06.00 (GMT+1).....No filter used
Asian session (23.00 - 06.00)

Originally Posted by stace

Hi mate
What template do you use???
From doodebit???
and also you put time Asian session form 23:00 till 06:00 and + Your broker GMT yes?