I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
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DislikedYou could have 3 days in a row that might open above the most recent up fractal. Do you only trade the first day after it breaks the fractal level, or would you trade all three ?Ignored
DislikedJust for the record, What times are you using as open and closing times for the market in EST (usa)?
Thanks
kevinIgnored
DislikedHi Dreamliner,
Interesting and very simple system.
How many pairs did you look at when testing.
Did some seem better then others or were they about the same?
Thanks,
AZIgnored
DislikedYou could have 3 days in a row that might open above the most recent up fractal. Do you only trade the first day after it breaks the fractal level, or would you trade all three ?Ignored
DislikedOk I just did a quick backtest with all pairs. If we simply put buy/stop and sell/stop orders at the last fractal, and exit at the end of the bar that hits the order, we are quite profitable with low drawdown. We do not need a stop loss because we exit at the end of the bar. "Time" is our stop loss.
Test it out, see what you think.Ignored
DislikedI tested the method. Works really well with EURUSD, all other majors give bad results with high volatility.
10k begin saldo, each trade is 0.1 lot. I did one (very minor) change to the system, the trade closes on next bar open, not bar close.
I wouldn't use systems that only work on one pair.
Result curves from 1990-today for majors below
Now the question is how can the curve be so beautiful on EURUSD?Ignored
DislikedI did a test using Forex Strategy Builder, you can find the software here, and the result are best on EURUSD, but the other pairs were also profitable just not as profitable.
TimeFreedomIgnored
DislikedWhy would I need the software when I just posted the results from my testing?
ps. Feel free to post your own curves from the other software if you want, I trust my results.Ignored
DislikedOne thing I have to mention here is that I never thought one bar close would be so efficient as it is, I modified my current system and one bar close almost always makes money.
So with good entry, one bar close can really be profitable. I got about 15% more profit at backtesting by adding one daily bar close to my current system.
So thanks for the thread even though the core system here is not for me!Ignored
DislikedFeel free to share your system rather than just say how good it is . That's what we're here for.Ignored
DislikedSorry, it's private.
For some profitable mechanical systems, look here (thread is no longer continued) http://www.forexfactory.com/showthread.php?t=134827Ignored
DislikedNo need for you to post anything about it then, keep it private.Ignored
DislikedSorry about that. My point was that the exit method might very well work on any other system - working exit strategies are not too common.Ignored
DislikedNo problem, glad you're finding a better exit strategy, that helps doesn't it!Ignored