Right O Scott. That's how she goes. No trades tonight.
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NEW " SET & FORGET" Forward Testing for VP Day Trading System 16 replies
DislikedWe have two pairs that are officially green lighted for tonight.
EU
GUIgnored
Dislikedcan anyone help to make EA for this system? it may helpfull to backtest..
it's a nice set and forget system.
if we have EA maybe we can add some pairs to test, not only this 5 pairs.
i hope all of us can contribute to this system and increase the winning percentage...
nice system blueace...Ignored
DislikedBased on your results posted thus far for E/U, this system has a good 14.2% edge or Kelly Value of 0.142. (and that's based on a Win Probability of 50%, where E/U has demonstrated a greater win probability of 65.1%. With a W/L at 1.4, you need a win probability of roughly greater than 46% to have a 10% edge.)
Check out this link to view an equity curve simulator:
http://www.hquotes.com/tradehard/simulator.html
In my opinion, I'd say based on the strong fundamentals of this system (PivotPoints), the good Risk-Reward ratio, and the infrequency of trades (not overtrading), this system has good long-term viability.
GlenIgnored