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GBPJPY Daily Trend Method

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  • Post #101
  • Quote
  • May 17, 2010 10:24am May 17, 2010 10:24am
  •  MichaelLee_8
  • | Joined Mar 2010 | Status: Member | 862 Posts
Currently working on the 7:00 PM EST back test and rockin out to Motely Crue! So far, so good! Will post results when I'm done.

Michael
 
 
  • Post #102
  • Quote
  • May 17, 2010 11:32am May 17, 2010 11:32am
  •  MichaelLee_8
  • | Joined Mar 2010 | Status: Member | 862 Posts
Looks like the risk rally is having a difficult time.
 
 
  • Post #103
  • Quote
  • May 17, 2010 12:05pm May 17, 2010 12:05pm
  •  MichaelLee_8
  • | Joined Mar 2010 | Status: Member | 862 Posts
There it is traders....the first stop out.
 
 
  • Post #104
  • Quote
  • May 17, 2010 12:16pm May 17, 2010 12:16pm
  •  MichaelLee_8
  • | Joined Mar 2010 | Status: Member | 862 Posts
Total May Pips: -50
 
 
  • Post #105
  • Quote
  • May 17, 2010 12:19pm May 17, 2010 12:19pm
  •  billbss
  • Joined Apr 2006 | Status: Member | 4,301 Posts
Quoting MichaelLee_8
Disliked
Total May Pips: -50
Ignored
That's what you want- the results of a forward test.

Forward testing your rules will let you know if you need to change them.
 
 
  • Post #106
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  • May 17, 2010 12:25pm May 17, 2010 12:25pm
  •  MichaelLee_8
  • | Joined Mar 2010 | Status: Member | 862 Posts
Quoting billbss
Disliked
That's what you want- the results of a forward test.

Forward testing your rules will let you know if you need to change them.
Ignored
Yep
 
 
  • Post #107
  • Quote
  • May 17, 2010 12:32pm May 17, 2010 12:32pm
  •  yousky
  • | Joined Jun 2006 | Status: Member | 15 Posts
Hi,

The buy signal was here , the RSI was just a little over the 50 level argg
 
 
  • Post #108
  • Quote
  • May 17, 2010 12:39pm May 17, 2010 12:39pm
  •  tinear10
  • | Joined Feb 2010 | Status: Member | 15 Posts
Did everyone else hit SL today?
 
 
  • Post #109
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  • May 17, 2010 12:40pm May 17, 2010 12:40pm
  •  MichaelLee_8
  • | Joined Mar 2010 | Status: Member | 862 Posts
Quoting yousky
Disliked
Hi,

The buy signal was here , the RSI was just a little over the 50 level argg
Ignored
I here ya...

Almost done with the 7:00 PM EST Back Test...
 
 
  • Post #110
  • Quote
  • May 17, 2010 2:09pm May 17, 2010 2:09pm
  •  MichaelLee_8
  • | Joined Mar 2010 | Status: Member | 862 Posts
Hey traders,

I just attached an updated spread sheet to post #1 that has the back test results for 7:00PM EST. It returned just over 2500 pips in 16 months (01/09-04/10). The results include trading on Sunday. However, I'm currently looking back at the data to see if trading Sunday night is lucrative. My first impression is no but we'll see.

Michael
 
 
  • Post #111
  • Quote
  • May 17, 2010 3:36pm May 17, 2010 3:36pm
  •  mitchp
  • | Joined Jul 2007 | Status: Member | 262 Posts
I'm still live on this mornings trade, shame on me forgot to place my stop-loss! I'm testing live, .01 lots, currently at 42 pips. Retirement is just around the corner at this rate!
 
 
  • Post #112
  • Quote
  • May 17, 2010 5:03pm May 17, 2010 5:03pm
  •  MichaelLee_8
  • | Joined Mar 2010 | Status: Member | 862 Posts
Quoting mitchp
Disliked
I'm still live on this mornings trade, shame on me forgot to place my stop-loss! I'm testing live, .01 lots, currently at 42 pips. Retirement is just around the corner at this rate!
Ignored
You're crackin me up mitch!! I'd move that stop up to break even if I were you.
Maybe you should use the scripts that I've provided in post #1.

Michael
 
 
  • Post #113
  • Quote
  • May 17, 2010 5:04pm May 17, 2010 5:04pm
  •  MichaelLee_8
  • | Joined Mar 2010 | Status: Member | 862 Posts
Quoting tinear10
Disliked
Did everyone else hit SL today?
Ignored
Yeah I was stopped out.....technically, everyone should have been stopped out....MITCH
 
 
  • Post #114
  • Quote
  • May 17, 2010 5:37pm May 17, 2010 5:37pm
  •  tinear10
  • | Joined Feb 2010 | Status: Member | 15 Posts
I never get stopped out. I sometimes get phone calls from my broker asking me to add money to my account but I never hit Stops.
 
 
  • Post #115
  • Quote
  • May 17, 2010 5:38pm May 17, 2010 5:38pm
  •  MichaelLee_8
  • | Joined Mar 2010 | Status: Member | 862 Posts
Quoting tinear10
Disliked
I never get stopped out. I sometimes get phone calls from my broker asking me to add money to my account but I never hit Stops.
Ignored
LMAO!!! That's awesome!!
 
 
  • Post #116
  • Quote
  • May 17, 2010 5:44pm May 17, 2010 5:44pm
  •  Dreamliner
  • Joined Oct 2006 | Status: Member | 2,271 Posts
Michael, in your 7:00 PM backtests, I assume you mean EST correct?

Are you still looking at 3 bars? The 7-7:30, then the 7:30-8, then the 8-8:30. Is that correct?
 
 
  • Post #117
  • Quote
  • May 17, 2010 5:55pm May 17, 2010 5:55pm
  •  MichaelLee_8
  • | Joined Mar 2010 | Status: Member | 862 Posts
Quoting Dreamliner
Disliked
Michael, in your 7:00 PM backtests, I assume you mean EST correct?

Are you still looking at 3 bars? The 7-7:30, then the 7:30-8, then the 8-8:30. Is that correct?
Ignored
WoW!! Great timing. I just finished. Yes, I am still looking at 3 bars and yes I mean Eastern Standard Time.

The bars are actually 6:30-7, 7-7:30, and 7:30-8 (all EST)

I've updated the spread sheet in post #1. Take a look. I think that trading on Sunday night makes things a bit more smooth. What do you all think?
 
 
  • Post #118
  • Quote
  • May 17, 2010 7:00pm May 17, 2010 7:00pm
  •  Dreamliner
  • Joined Oct 2006 | Status: Member | 2,271 Posts
Long at 134.02
 
 
  • Post #119
  • Quote
  • May 17, 2010 7:13pm May 17, 2010 7:13pm
  •  MichaelLee_8
  • | Joined Mar 2010 | Status: Member | 862 Posts
Darn.....I was doing the dishes and missed it. I'll put in an order for the closing price of the 6:30-7:00 bar.
 
 
  • Post #120
  • Quote
  • May 17, 2010 7:16pm May 17, 2010 7:16pm
  •  Dreamliner
  • Joined Oct 2006 | Status: Member | 2,271 Posts
Quoting MichaelLee_8
Disliked
Darn.....I was doing the dishes and missed it. I'll put in an order for the closing price of the 6:30-7:00 bar.
Ignored
That's the one that just closed; you mean you'll put an order in for the 7:00-7:30 bar?
 
 
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