Sharing backtest on EUR/USD MA system

In my continual search for a simple profitable system that I can trade using 30 mins a day, I manually backtested a very simple system on the EUR/USD daily chart.

If price closes above a 22 period Moving Average buy at open, if price closes below 22 period Moving Average sell at open. You are in the market at all times.

Testing this manually for 2010 it appeared magical.

I then downloaded daily price history from 1999 to see if it always does this well. Big surprise and disappointment….

The graph shows cumulative pips lost /won, see the massive gains since 2009.

Total trades : 371
Win % : 22.4%
Avg pips won : 302 pips
Avg pips lost : 82 pips
Total pips won : 1825 pips

Just thought I'd share the test to illustrate that a system may appear magical over a 1 or 2 year period but is actually not a great system at all.

Save yourself some time and get away from MA type systems. The lag they produce is what gets traders into trouble because as soon as a good signal is produced, you miss all the move. Get into learning price action setups and chart patterns, they will help you in the long run a lot more than any MA will do. Here's a little info I have on price action setups and also another system called "Magic Breakout" that you can use if you're still set on using MAs.

Have you done the "plus" version of this strategy?