zmax,

You don't make me feel bad.
On the contrary you make me smile...

I devellop systems now for 11 years with a reliable program ( Metastock professional).

I know perfectly what is possible and what is bejond the realistic expections of someone.

Let me put it this way...if I succeed in develloping a system that has a hitratio between 40 and 50% combined with an avg win/loss ratio of +/-2 then I know that this is within the maximum limits of a system.
A system with these caracteristics will produce very nice profits followed with the nescessary discipline and with a realistic money management ( no such thing as 100 or 200 leverage).

Every search or attempt to have a higher hitrate with higher avg win/loss ratio is a search for the holy grail and is a waist of time.

Time will tell if this system is within my expections.

regards..iGoR

PS. you say that there is a problem or a re-painting. I say for 100% shure that there is no re-painting what so ever in the entrys. That the blue line can change direction after a trade is taken in. Absolutly but that has no effect what so ever in a backtest if it is defined that even when a line would show the opposite in a historical way it should not be treated as such as long if there is no opposite BIG dot that apeared.
So actualy you can remove the blue line from you screen and take only the big dots as the direction to trade from. They will never give you the impression that things looks better as the were in real.
I leave the blue line there because it is simple to tell people " trade according the direction of that line"...

__________________
Succes comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
Price moves in a 100% random way so build yourself a system that is not affected by trend or consolidation...(iGoR)

Yesterdays results wednesday 19-09-2007

Retrace rules = -65pips
Reversall rules = +142pips
-------------------------
Total: +77pips (spread incl)

__________________
Succes comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
Price moves in a 100% random way so build yourself a system that is not affected by trend or consolidation...(iGoR)

The new reversall rules would have added even more profit to the profit we already had for this week. But to keep it simple I'm going to take the (profit or losses) from these new rules only from yesterday in account.

So total profit for this week + 562pips (spread incl.)

regards..iGoR

__________________
Succes comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
Price moves in a 100% random way so build yourself a system that is not affected by trend or consolidation...(iGoR)

Hye Igor,

Could you write down the new rules for REVERSAL SYSTEM , in the same way you did before for the RETRACE system...


Thank you


emeric

Just for information

The new reversall rules would have added an other:
+94 pips on mondays result
+ 56 pips on tuesdays result

That "WOULD" have made for this week a total result of + 712pips (spread incl)

regards..iGoR

__________________
Succes comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
Price moves in a 100% random way so build yourself a system that is not affected by trend or consolidation...(iGoR)

You taught me one very good fact.....................that the value of indicators is zero.............are u retracting that fact by using these indicators?

I have just tested a system with and without indicators ...........and the results gave me proof that indicators are zero value.Here are the results

RSI of Moving Average

Please explain why u still keep using indicators when you yorself truly know that indicators are zero value.Have I misunderstood this point?

El Cid

__________________
developer of professional quality expert advisors for fully automated trading

iGor - could you explain the rules for the new system please ? Thanks

The rules for the reversalls will be explained on the webinar tomorrow.
The webinar is going to be recorded and the file will be placed here.

I'm still not shure if I realy going to add the new rules ...time will tell..

regards...iGoR

__________________
Succes comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
Price moves in a 100% random way so build yourself a system that is not affected by trend or consolidation...(iGoR)

Thanks iGor, i'll look for the webinar file here tomorrow - many pips to you :-)

Igor, thank You very much for your efforts. Always following you.
Good luck.

Thanks a lot.