Hello Everyone,
I just earned my member status (not junior anymore !) and I wanted to start my first thread to share with you one of my trading systems, a system called Watukushay FE. This strategy is a likely long term profitable strategy which is absolutely systematic and fully automated. I coded this strategy as a gift for traders in December 2009 and it has been traded in several live real money accounts ever since.
The system uses a very simple trend following RSI technique which enters trades in the direction of a fast developing trend after a retracement has happened. The system adapts its SL, TP and lot size as a function of the 14 period daily ATR indicator's value and it should ONLY be used on the EUR/USD as other pairs do not show this particular inefficiency in such a significant way. (other pairs like the USD/CHF and GBP/USD give positive but yet much less profitable results)
This strategy has been evaluated significantly in the following ways and offers more evidence of profitability than ANY commercial system available :
I just earned my member status (not junior anymore !) and I wanted to start my first thread to share with you one of my trading systems, a system called Watukushay FE. This strategy is a likely long term profitable strategy which is absolutely systematic and fully automated. I coded this strategy as a gift for traders in December 2009 and it has been traded in several live real money accounts ever since.
The system uses a very simple trend following RSI technique which enters trades in the direction of a fast developing trend after a retracement has happened. The system adapts its SL, TP and lot size as a function of the 14 period daily ATR indicator's value and it should ONLY be used on the EUR/USD as other pairs do not show this particular inefficiency in such a significant way. (other pairs like the USD/CHF and GBP/USD give positive but yet much less profitable results)
This strategy has been evaluated significantly in the following ways and offers more evidence of profitability than ANY commercial system available :
- Ten years of backtesting results EUR/USD Jan 2000 to Jan 2010
- More than 8 months of live testing results on an account with real money. The account can be monitored via a myfxbook verified link, additionally the investor access information is available if anyone wants to directly monitor the account live.
- Live/Back testing consistency analysis showing that live testing and simulations match (this was done in early June so it only features the first 5 months of results)
There are however several things you need to know about this strategy which are very important :
- It is NOT a holy grail
- There are profitable periods and draw down periods (below you can see a monthly profit/draw down analysis for a simulation of the past ten years on a risk = 1 setting)
- Draw down periods can be LONG, they can last 100-200 days
- The depth of draw down periods and the yearly profit depend on the risk level used
Now that you know the above feel free to learn about this system at the website I created for it at http://watukushayfe.blogspot.com. Please feel free to leave any comments, questions or suggestions. Remember that the system can be downloaded absolutely FREE of charge !
Thank you very much for your interest !
Best Regards,
Daniel
PS : If you would like the source code please send me a PM with the reason why you want it for and I'll be glad to send you a copy.