hi all,
I'm a newb in forex world n in this forum either, I feel fascinating about this forum because it is so great.
a lot of great info n great people..
now I'm still learning in demo n still trying n analyzing a lot of method that I can find in here.
I interested in crossover method.
now I'm analyzing a crossover method that I found and I can't backtesting it in a long historical data, I only get few months historical data ( 4 hrs time frames ), in that few months this method is good so I just want to know how its result in long historical data ( maybe 1 - 5 years historical data ).
I would like to ask if someone could help me to backtesting my crossover method n give me a feedback about the method.
the method,
1. using the 4 hrs timeframes
2. EMA 5 (mid, close) => faster MA
3. EMA 21 (mid,open) => slower MA
the scenario,
when the faster crossed the slower downward, we wait until the bar/candle to close first to make sure its a real crossed, after that we watch the price action carefully to confirm the price direction, or we can just enter the trade at the candle close.we enter the trade with 3 lots then we set SL 50 pips n TP#1 50 pips, TP#2 100, TP#3 at any level u like..
n for the upward its just a vice versa..
after the TP#1 is taken out we simply move the SL to BEP.
so please can someone help me to backtest the method....
tks alot for u all...
regards,
I'm a newb in forex world n in this forum either, I feel fascinating about this forum because it is so great.
a lot of great info n great people..
now I'm still learning in demo n still trying n analyzing a lot of method that I can find in here.
I interested in crossover method.
now I'm analyzing a crossover method that I found and I can't backtesting it in a long historical data, I only get few months historical data ( 4 hrs time frames ), in that few months this method is good so I just want to know how its result in long historical data ( maybe 1 - 5 years historical data ).
I would like to ask if someone could help me to backtesting my crossover method n give me a feedback about the method.
the method,
1. using the 4 hrs timeframes
2. EMA 5 (mid, close) => faster MA
3. EMA 21 (mid,open) => slower MA
the scenario,
when the faster crossed the slower downward, we wait until the bar/candle to close first to make sure its a real crossed, after that we watch the price action carefully to confirm the price direction, or we can just enter the trade at the candle close.we enter the trade with 3 lots then we set SL 50 pips n TP#1 50 pips, TP#2 100, TP#3 at any level u like..
n for the upward its just a vice versa..
after the TP#1 is taken out we simply move the SL to BEP.
so please can someone help me to backtest the method....
tks alot for u all...
regards,