DislikedI did quick and dirty tests on the EURGBP and EURJPY using Simple Pouria and had excellent results.
EURGBP (H1) I lowered the TP to 15 pips but kept the SL at 30 pips.
EURJPY (M30) I kept the TP at 20 pips and SL at 30 pips.
I back tested to Jan 1 on each pair and the results were both above 90%. In both cases if the SL was not hit but the 5 MA retraced I closed the failed trade and increased the new open trade to cover my previous loss.
Again, most stops required were under 12 pips and most carry over losses were under 10 pips.
I am certain with more study there could be a much better strategy to capture the large pip gains that are missed.Ignored
Nice work Spudfyre! Appreciate the time and effort that went into this. I was going to do manual backtest of simple Pouria just to get more familiar with the system.
I will try and do GBP/USD at the week-end if time permits.
Thanks again...