DislikedCan some of you please do some manual backtesting for this system on the EUR/JPY for the period 26th Nov'07 til 16th Dec'07 (1 hour chart)?Ignored
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DislikedCan some of you please do some manual backtesting for this system on the EUR/JPY for the period 26th Nov'07 til 16th Dec'07 (1 hour chart)?Ignored
DislikedI don't use MT4, I only use PRT (or CMC's MarketMaker). To be honest, I find MT4 and it's equivalents an awfully antiquated and not very user freindly programming language. The language used in the PRT platform is very user friendly and I don't think there is any super deep process I've required, that I haven't been able to write code for. I'm not blowing my own trumpet here, rather I just find the language so straight forward and clear to de-bug etc. .Ignored
DislikedI don't use MT4, I only use PRT (or CMC's MarketMaker). To be honest, I find MT4 and it's equivalents an awfully antiquated and not very user freindly programming language.Ignored
DislikedAnyone that has followed this thread since its inception knows how powerful this tool is. We have all learned a thing or 2 from GCTTrader. While he is serving his time on banishment I think we should all take a second out of our time and "rate" this thread. I was surprised to see that this thread has a "zero" star rating. Go to the first page of this thread and click the link to "rate this thread". I gave it a 5 stars rating..if I could have given it 10 it would be rated as 10! So please take a second and go rate this thread!! Thank you!
Rick
Thank you Again GCTTRADER...look forward to corresponding with you again!!Ignored
DislikedSince this methodology is based on the Bollinger band squeeze concept, I would like to expound a little about the Bbsqueeze and how the Magenta dots are derived. This indicator actually uses the interaction between two indicators, the Bollinger bands (Green) and another indicator called Keltner channels (blue). The coding calculates when the Bollinger bands narrow to within the Keltner channel. This condition constitutes the start of a squeeze. I have attached a chart showing both the bollinger bands as well as the Keltner channel overlaying the price chart. The vertical blue lines that I have drawn on the chart show where Bollinger bands have entred within the Keltner channels. As you can see this corresponds with a printing of the Magenta squeeze dots.
Thought that you might also find the attached documents interesting. Thanks Akuma99.Ignored
DislikedHowever, the difference in equity is what you're needing to be looking at, as this is actually the accurate POINTs gain/loss. So, in this case a gain of 1,938 points was acheived on the EUR/JPY over the 4 year period (or only 1,571 in the 2nd chart, which is the more stable strategy to trade).Ignored
DislikedThis system gives great entries with minimal risk to reward as the correct entries do seem to return on average 4-5 times the risk.Ignored
DislikedThe reality is, that you have no idea what the average loss is going to be. .Ignored