Just wanted to throw an interesting thing out there for those of you big into backtesting. If you really want to do the due diligence make sure you give the trade a chance to work in Several different timezones. I backtested a trade last month that I am now trading. I backtested it in a spread of timezones because it opens on the open of the new day candle. Different time zones open that candle at different times, and therefore have completely different indicator values. ie. stoch's, cci, macd.
The difference in the results was amazing. between PST, EST, and GMT. GMT is hardly tradable, while EST is giving me good returns since I started trading it live.
Here are screenshots of my backtest. Notice GMT pays less than 50% of the time, while EST pays 68% of the time. Thats a huge difference.
http://img508.imageshack.us/img508/8...mezonesnw9.jpg
This backtest is across 2.5 years worth of trades. I just thought the difference was amazing. From 2800 pips to 8000. Thought I'd share.
The difference in the results was amazing. between PST, EST, and GMT. GMT is hardly tradable, while EST is giving me good returns since I started trading it live.
Here are screenshots of my backtest. Notice GMT pays less than 50% of the time, while EST pays 68% of the time. Thats a huge difference.
http://img508.imageshack.us/img508/8...mezonesnw9.jpg
This backtest is across 2.5 years worth of trades. I just thought the difference was amazing. From 2800 pips to 8000. Thought I'd share.
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