Price did go down. I am guessing it did not go down as much as you wanted to. Just with the amount of data you have, its just a pullback as price is heading higher. Look at downsloping lines in an uptrend or vice versa, they just offer bounces, big ...

Draw a regular Andrews from those pivots and do a modified Schiff. Then draw a line backwards to extend the tail.

Hi I am a wannabe forker. Very new to this. Here's my EURUSD chart

Great post LazyPawn, that was a good read

It is a great way to add on to existing positions in the strongest or weakest markets.

Have you done anything yet to assess whether the system is robust, do you actually know how the EA works and how it was developed? It is not possible to say anything about that just by looking at this stats. Is the premise of the system heuristic ...

Oh you mean this EA was bought off the shelf? Is your test period "Out of Sample" aka after the product has been made available for sale and the settings not tampered with after? If I am a borderline criminal I would have overfitted the EA to the in ...

The results are realistic, sample size is good. Was there optimization done? Does it include slippage and spreads? The largest loss is greater than the largest win, do you know why? My opinion is test the strategy with both money management and no ...

ForexHard has given alot away, even on his confirmation signal before entry, how he defines what a good CZ is. I hope you guys who are asking questions of where to put your stops or TP have at least looked at your charts. No offence intended.

Definitely take a look at infiniteyieldforex.blogspot.com

You may not have a trade every week.

67% win rate is not typical of a trend following system. However you only have 32 sample sizes. If you can get at least a hundred trades while still maintaining a profit factor of >3, that would be something assuming its not overfitted

How many trades does your system generate a year? You need sufficient sample size to come to a sound evaluation. I would really recommend to get your hands on as much data as possible. It is not difficult to get daily EOD data dating back to 1991. ...

Another 3 more samples Examples of reversal breakouts, they tend to go longer more than 1 multiple of range. Again small sample size, not statistically significant Forexhard keep it coming too

Dear Forexhard Thanks for sharing. I have too been trying to look for an edge in trading breakouts from periods of consolidation but on the hrly TF, still working on it. Your methodology certainly helped me looked at exploring them in a new way. ...

I would suggest you dwell more deeply on system development either through reading books or going through "quality" online sources. I can tell you you are not going to achieve those statistics as they are not realistic. 15:1 RR happens when you ...

From my testing, entry is important provided it has an edge. The cliche of exit being more important than the entry depends on what kind of system you are trading. If you are trading based on profiting from a certain market character for example the ...

Entry on shorter TF and holding on to trades (days or longer) is much different than a quick entry and exit on short TF. On the retail floor, the odds are really against you for the latter (commissions,spreads,slippage, "noise", stress) Unless you ...

To think about: I assume you are going to measure correlation of price changes rather than price itself. 1. Do i measure daily, 3 days, 5days 1 month correlation? 2. If I trade GBPJPY and USDCHF, fundamentally it should be less correlated than ...

My backtest results for firststrike plus for this year with 50k starting equity, 1% fixed fractional position size, 2 pips per round turn spread/commissions