I would like you guys to try think out of the box here for a second.
Logic says that the Bell Curve doesn't work in reality and that you will end up with "fat tails" instead of the bell shaped distribution. If that's the case surely buying strength and selling weakness (trading with stop orders essentially) should result in long term success, right?
So, with that in mind I thought it would be interesting to test this assumption. Basically you would buy the breakout of a move 3X ATR above a low or sell the move 3X ATR below a high. Then you would just run a trailing stop and reverse of 3X ATR (Average True Range).
Manual testing on limited data seems to prove this system profitable but I would like to know how it works on many pairs across a bunch of time frames. Theoretically any value greater than 1 of ATR should prove profitable so optimisation shouldn't come into play too much.
Since I'm pretty useless with creating an EA or any programming, I would like to know if anyone is willing to create what shold be a simple EA, and backtest this idea.
Logic says that the Bell Curve doesn't work in reality and that you will end up with "fat tails" instead of the bell shaped distribution. If that's the case surely buying strength and selling weakness (trading with stop orders essentially) should result in long term success, right?
So, with that in mind I thought it would be interesting to test this assumption. Basically you would buy the breakout of a move 3X ATR above a low or sell the move 3X ATR below a high. Then you would just run a trailing stop and reverse of 3X ATR (Average True Range).
Manual testing on limited data seems to prove this system profitable but I would like to know how it works on many pairs across a bunch of time frames. Theoretically any value greater than 1 of ATR should prove profitable so optimisation shouldn't come into play too much.
Since I'm pretty useless with creating an EA or any programming, I would like to know if anyone is willing to create what shold be a simple EA, and backtest this idea.