This one was developed using the free but very effective backtester "Forex Strategy Builder." Here are the results over the past 18 years (since April 1989) net of spread (2 pips) on the EUR/USD:
Number of pips gained: 7401 pips
Maximum drawdown: 362 pips
Rules are very simple:
1. When up fractal appears, go long, exit at the end of the day
2. When down fractal appears, go short, exit at the end of the day
Need to develop a stop loss.
Please note attached equity curve, and provide comments. Let's improve this system.
Number of pips gained: 7401 pips
Maximum drawdown: 362 pips
Rules are very simple:
1. When up fractal appears, go long, exit at the end of the day
2. When down fractal appears, go short, exit at the end of the day
Need to develop a stop loss.
Please note attached equity curve, and provide comments. Let's improve this system.
Attached File(s)