DislikedHere is a summary of 5-month automated backtest. Results are in US dollars, trading on a FxPro standard account using 0.1 lots (10,000 units) per trade. FxPro is on Eastern European time, so I adjusted the times accordingly. Account started with $10,000 and, as you can see, ended with $13,655.63. I used very conservative spreads, but did NOT include swap.
During the week of 5/9/2011, drawdown got to about 33%.
If anyone is interested in the full results, I will post the entire result set. Like I said previously, my only deviation from Post 1...Ignored
As previous strength says nothing about next direction, we may call these random trades, in fact.
I still like the idea of trading the strength, and possibly it would work with hedging correlated pairs.
My today's basket is also in big loss. Yesterday's profit gone, account almost at initial state now. Will keep it until at least 18 GMT, I guess.