Dislikedthis strategy provides excellent entry and exit signals for those wishing to be "mechanical" traders, which is my objective.Ignored
5/6 candle swing low swing high Indicator 5 replies
Swing high / Swing low indictator+alert? 20 replies
High probability trade setups for day trades and swing trades 4 replies
Swing highs and swing lows 3 replies
swing high/swing low indicator and volume tic history 13 replies
Dislikedthis strategy provides excellent entry and exit signals for those wishing to be "mechanical" traders, which is my objective.Ignored
DislikedHi Chow,
So you are saying that you have manualy examined every trade over the last six years for entry and exit signals according to the rules established by Vynner and using the data as provide from FXCM ? Or have you just run MT4 "strategy tester" to establish your results, I have also performed the very same tests using strategy tester and have found similar results, like yours. I would not rely on strategy tester. I have performed many a test using this very same functionality on this very strategy, and discovered that strategy tester is basicaly worthless and that analysis of past results need manual confirmation regardless of the data provider. Do I see a hint that you may want to blame the broker for bad data because strategy tester gave bad numbers ? Please clarify...Ignored
Dislikedhmm, but if i'd traded the strat mechanically through FXCM over the last 6 years (using the criteria you used in your test, from what i've read in your posts), i'd be down 1300 odd pips...which broker/data are you using for your current live trading/testing of the strategy?Ignored
DislikedThe LRI entry shows this clearly for now, as it put you in the market 40-60 pips earlier than the EMA13. As far as exit, it is not perfect but gave me profit in the last 5 trades as the recross 4-13 eats most of the profit on shorter moves. The LRI remains, in my opinion, better to exit but it is a little hard to interpret, I admit; however, the present move is unusually strong and it is not often that we see a cross down LRI and cross up again, could it repeats itself a second time on that move ?Ignored
DislikedChow,
I will continue to record forward testing results as the signals present according to this strategy and provide posts. There is no substitute for the human eye, in analysis, I personaly have no faith in any computer system whatsoever, offered by a remote server of which I have no control over when it comes to past analysis. In the real world there is no substitute for the human eye in performing past analysis. Lets continue with our analysis in real time, agreed.
mattfxIgnored
DislikedDear Chow,
Your back test using FXCM is not valid and I have only notice one thing :Signal Activates: When EMA13 crosses EMA50
This is not the signal as you need to wait for the next open candle to open your trade. No offense to you but FXCM is one of the worst broker out there, traded there for one year and their tools are not sophisticated enough to trust. Secondly FXCM manipulates prices at will and as soon as you see slighly volatile prices happening, the discrepency between the price of their charts (any FXCM data fed charts) and their station can be 10-40 pips difference in their favor always, contrary to Oanda for instance which is the only broker I know where the live charts and station are 100% syncro. FXCM has also received several judgments against them from gov authority. I have also contacted US market authority about this and they candidly told me that there was no legal requirements to have charts and trading prices match, so most brokers take full advantage of that. The requirement is that the station price is the price you get under normal conditions.
I think Matt back test is more precise.
Please don't take offense at this post but just want to set the records properly.Ignored
DislikedHi TiKin, no offense taken at all. We're all working towards the same goal.
For your information and accuracy, execution of the 13x50 signal with hivetrader is at the open of the next bar, not as the 13 crosses the 50, so the entry is valid.
I take your point about FXCM synchronicity, they are now forcing the No Dealing Desk on hivetrader members, which i'm not in favour of. I have traded with FXCM and Oanda for some time and have ceased trading certain strats with Oanda because of their variable spreads...onwards and upwardsIgnored
DislikedOK but that is not what the code you posted said, I guess it was not complete.
Backtest are usually not that relevant to real life as a general rule, I think. Thank you for your time and efforts.Ignored
DislikedHi all.
I just wanted to contribute here by emphasising that to maximise profits using this system, we're better off just letting the profits run and taking profits only at the open of a new candle AFTER the crossing of the 4EMA and 13EMA.
In the current trade I caught the entry a little late though still did well even though I used 2 profit targets:
Entry: 1.9843
P1: 1.9872 = 29pips
P2: 1.9920 = 77pips
Current Price: 1.9984
That's another 64pips to date had I held on without setting profit targets.
Simply following Vynner's criteria will have much better results ( I'm drumming this into myself) as we see the current trade potentially meeting the take profits level as the 4EMA is getting very close to the 13EMA.
REMEMBER, close the position only AFTER the cross and open of new 4hr candle.
SIMPLE and SUBLIME !
rgs
mikeIgnored