Scott.............I'm not challenging your test or results; however there is a phenomonon that I have seen with this trading strategy that might change your results. I have seen a cross of the RSI and MA at the end of a day that will "uncross" so-to-speak" as the next candle builds in the opposite direction, causing a potential trade to move in the "wrong" direction. When "looking-back" on the Daily chart this will not show up as a loosing trade because the cross that triggered the trade is "gone", it no longers appears on the chart as a false signal. I have had this happen to me on numerous occasions as I forward test this method with 15 currency pairs. Does this explanation make sense? The only time I can be very certain about this kind of test is when there is a cross and then several Daily candles move in the direction of the originally triggered trade. But when there is a cross, and then just one Daily candle that moves in the right direction, I don't think you can be sure that this situation results in a positve trade and vice-versa. Having said that: my forward testing shows this to be a profitable system, at least for the last two weeks. Just some thoughts to ponder.........
Quoting smjonesDislikedI spent this morning doing an actual manual forward test starting from 1/1/2006 on EURUSD, paging thru each day using F12. Here are the results. I used a 50 pip Trailing Stop for the TP and also as the BE Stop
I used the previous day High or Low as the initial stop loss.
Total trades 28
Wins 18
Pips won 2347
Avg Win 130
Losses 4
Pips Lost -358
Avg Loss -89
BreakEvens 6
Totals
Net Pips 1989
(percentages are based on number of trades, not on pips earned)
Winning % 64%
Losing % 14%
BreakEvens % 22%
Consecutive wins 8
Consecutive Losses 2
Consecutive BE 1Ignored