DislikedHi all
So the TP s 10Pips+spread and stoploss ???
which is the best paires for this System?
RegardsIgnored
He also said the best pairs are GBP/USD , GPP/JPY
This was in one of his early posts.
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DislikedHi all
So the TP s 10Pips+spread and stoploss ???
which is the best paires for this System?
RegardsIgnored
DislikedEagle originally said the SL is 15 pips.
He also said the best pairs are GBP/USD , GPP/JPY
This was in one of his early posts.Ignored
DislikedI'm not sure.
We are doing some backtesting. There should be some results soon.
Eagle also just posted an indicator. He said it will help with the SL. I haven't looked at it yet, so I don't know how it works.Ignored
Dislikedcould you help me to get this Indicator co i can't found it
the last post for Eagle is the Bout indictor with a diff. time
RegardsIgnored
DislikedGuys
Have been watching this thread with some interest.
I think you can filter a lot of false signals using a stochastics oscillator set to 5,3,3,close and only enter long when signal is over 80 / short when under 20.
It might mean you delay entry until will into the day but a quick scan back on GBPUSD and this looks like it has potential.
All the best
JasonIgnored
DislikedLedzep: if you want to test a system with such narrow stops and targets like 10 to 15 pips, the software has to account for the bid/ask-spread, which, to my knowing, metatrader cannot do in a feaseable way.
I have some similar approaches already coded in my own custom written backtester, so i ran this system through 3 years of oandas tickdata, since it wasnt much work for me. The result is catastrophic. Settings i used: 10 pips target, 15 pips stop, range from 6 to 9 CET. Trading was limited to 9-13 CET. Times adjusted on CET-DST rules. If anyones interested, i can post the system-stats and transaction-list.
On a side note, all cable morning-breakout approaches i track seem to perform really bad since Jan 2007.Ignored
DislikedI wrote my own software in VB.NET. My program chews either thru tick-files or realtime tick-streams and outputs transaction-lists. I use neoticker to analyze those transaction-lists and generate stats/equity-curves, and another program that i wrote myself to analyze P/L-distributions.Ignored
Dislikedsmjones: i am not entirly clear what stoploss eagle uses and what timerange, so his system may be quite different from what i did tested.Ignored
Dislikedsmjones: i am not entirly clear what stoploss eagle uses and what timerange, so his system may be quite different from what i did tested.Ignored