I just did a two year backtest with AmiBroker.
I used the system rules as presented except for the trailing stop.
Over two years it lost 1002 pips.
Using the 10 pips trailing stop it lost 2697 pips.
The best parameters were a 10 pip threshold, a 38 pip SL and a 30 pip PT.
That combination made 464 pips over two years.
I don't not believe this is a profitable system.
Adding trailing stops to your SL and PT only hurts the bottom line.
The 464 pip profit that was obtained by changing the parameters is not enough to bother with. It equates to about 20 pips a month.
Adding trailing stops or trading multiple lots and scaling out will only hurt your bottom line.
If you have a very profitable base system, things like scaling out and trailing stops may help in smoothing out the equity curve. It will have fewer large valleys even though you will still have less bottom line profit.
It is possible that the AmiBroker code I wrote to test this system has a bug in it. Don't take these results as the final word.
I used the system rules as presented except for the trailing stop.
Over two years it lost 1002 pips.
Using the 10 pips trailing stop it lost 2697 pips.
The best parameters were a 10 pip threshold, a 38 pip SL and a 30 pip PT.
That combination made 464 pips over two years.
I don't not believe this is a profitable system.
Adding trailing stops to your SL and PT only hurts the bottom line.
The 464 pip profit that was obtained by changing the parameters is not enough to bother with. It equates to about 20 pips a month.
Adding trailing stops or trading multiple lots and scaling out will only hurt your bottom line.
If you have a very profitable base system, things like scaling out and trailing stops may help in smoothing out the equity curve. It will have fewer large valleys even though you will still have less bottom line profit.
It is possible that the AmiBroker code I wrote to test this system has a bug in it. Don't take these results as the final word.