Dislikedyep.
when stuff is just randomly mashed together with random values that all SEEM to point towards making a dollar, then it's a curve-fit. what else COULD IT BE!?
if, on the other hand, someone said "here is a system you can backtest... do this this and this etc" where all of the rules and parameters and so on actually had a REASON for being chosen then that would be of interest and something bloody revolutionary and beyond the norm of the forex idiocy.
as it stands it is all just random shit mashed together that someone somewhere stumbled...Ignored
This is a good point. Backtesting to me is kinda like throwing a bunch of random parameters on the wall just to see what sticks.
Scenario 1: I want to backtest and see what happens when I only place a short position on the Euro when the 50 DMA and the 200 DMA are 11.2% apart, when the RSI is 60.23, when the CCI is 40.009, when the MACD is 80.125, when the 10 minute 200 PMA is equal to the 10 minute 50 PMA, only on the 1st day of the month, after 3pm, "only" when the dollar index is down, and "only" when the Dow is up 8.2% or greater. Now backtest those parameters for the past 10 years and let's see what we get.
Now what percentage of serious traders really trade to all of these "random" parameters? Too many people have been led to believe that a FX chart behaves just like a function (i.e. Y=mX+b) that you can just program or curve fit. It is a complete fallacy that a FX chart can be explained by a mathematical formula....yet this is what people do when they set out to backtest.