I have added indicators to the first post, which apparently need to be present on your MT4 platform for the template to work. Sorry I did not know that. Please let me know whether you are able to set up the charts correctly now, if you wish to.

Thank you. Yes, I had thought of that while lying in bed last night too. The way I see it you have to deal with the repainting on higher timeframe bars in one of two ways. You can either take the signal to enter/exit on the close of an M15 bar or ...

After doing some research on this thread I think I have found an answer to the question. Firstly, to impllement this strategy using daily bars, you would need to use W1 and M1 (Weekly and Monthly) as your upper timeframes when determining trend. I ...

On scalping, there are a few different definitions of it so let's be clear what we mean by that. From reading Al Brooks books, he defines any trade as a scalp or scalping trade if you are not prepared to hold that trade through one or more ...

I'll do my best. I'm not really sure what I am letting myself in for now (was expecting more of the "BS manual backtestesting with charts" lol). Though not particularly tech-savvy, I can learn as I go on and it doesn't appear too difficult to run a ...

Yes, I'd be interested in spending some time looking for such patterns to start to build a trading strategy on. What I have is time available, what I do not have is coding skills. Please could you explain a little more about this market velocity <-> ...

If using a trend-following strategy, the question is a trend on which timeframe? If, as most people on the poll seem to have voted, we are going to use higher timeframes to determine long-term bias, then it seems to me a sensible approach would be ...

Here are the back-testing results I got for many pairs for 2014 YTD, using rules in post 1. The ones I will forward-test on demo are listed in bold. EURUSD WIN: 8 LOSS: 4 TOTAL ENTRIES: 12 WINRATE= 66% GBPUSD WIN: 6 LOSS: 3 TOTAL ENTRIES: 9 WINRATE= ...

Great and thanks for your input! I will check out the 1/11 MA cross as entry trigger too. Heiken Ashi - yes, earlier on I was testing with a simple heiken ashi filter too for entry confirmation ( must be blue for longs, red for shorts). I found ...

Yes, sorry that was perhaps not clear from the image (included to explain the indicator functions in case people want to try out different settings for any reason). Like you say, I'm using the exact same settings as in the picture, except 2 for the ...

EURUSD (WIN) image

Stanley Druckenmiller made a lot of money trading fundamentals for the Soros Fund, from what I remember when reading J. Schwager's "Market Wizards" book series, including on currencies. If we have a system that could generate such massive returns, ...

Congrats carridi74 it looks like you put a lot of work into that system. Also big thanks to eitan1010 for your hard work and dedication. You have inspired me too to have a go at building my own trading system. It is fun!

The gaussian filtered rainbow MA looks great, thank you! If, like you say, we could use an indicator like this to accurately identify longer term trends (perhaps with a valid fundamental reason behind them), it should be possible to then trade in ...

You are right. Moving averages are lagging to one degree or another. If we want, we can adjust the settings on our MA configuration of course (e.g. using a 50EMA/50SMA cross to determine long term trend and 13EMA/8EMA cross for shorter term trend, ...

Ok just an idea for a moving average combo to identify trends: Purple = 100 SMA; Blue = 100 EMA; Black = 21 EMA; Red = 13 EMA If Blue is over Purple, long term trend is up. If Purple is over Blue, long term trend is down. If Red is over Black, short ...

Thank you Cariddi74

Those are the questions I am trying to answer. My BT is still not complete because I've only tested the entries and not the trade management or exits. In what I'm hoping will be a time-saving measure I'm using using fxblue simulator for MT4 to find ...