DislikedOf course you do.
I'm wondering if Fugly did that, when he was blown away by the results.Ignored
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DislikedI'll look at this over the weekend.
I need some additional info.
The three exit strategies amount to three different systems. Which one do you use?
If you are in a trade, do you exit if another entrance signal appears before you've hit the SL or TP?Ignored
DislikedFugly, Buddy
You don't realize you've actuually stumbled onto something. You just don't know what it is yet.
I'm laughing with you, (I promise not at you) because I thought this was something really cool too when I first encountered it
In a nutshell, it can be a very helpful directional indicator to assess the short term trend in the next hour or two.
In other words, I wouldn't trade against it without a strongly compelling reason (ex: the D1 is up, up, up and 1HR is red).
As for a system in itself, The Rumpled One shows some of this...Ignored
DislikedI found for yesterday following results:
29 profittable trades and 14 loss trades
Promissing......
thanks for sharing Fugly! Doesn't look uglyIgnored
Dislikedthis is like one of the TheRumpled One's system Never lose again in other forum..(or maybe it is)..Ignored
DislikedWhere does he hang out, now?
He's been banned from the forums I know aboutIgnored
DislikedIt appears your test took trades in both direction, the instruction on thread 1 says only take trade in the direction opposite the direction of the prior hour candle.Ignored
DislikedI'm puting up a chart of nov 26 if you don't like this day and think its lucky or something please till me which date you like and I'll put up the chart and we'll see .... I'm as curious as you are but I believe you'll still average 100 pips a day which is roughly 2000 pips a month without ant emotional demandsIgnored
DislikedOk guys, I wrote the program and backtested this system for the past year (I had no more data). I used the 5M data, because there are not many 5M bars longer than 50 pips.
The result: if there were no spread, the system would produce a break even during one year. With spread, of course, the overal result is a loss.
Test period: 225 days
Winner: 1277 trades
Loser: 1247 trades
Uncertain: 44 trades (because the 5M bar is longer than 50 pips, so hits both TP and SL)
With spread, the average loss is 30 pips per day.
The number of winners and...Ignored