A while ago a few of my students were having a chat about simplicity of method and just doing certain things, without some distractions.
So I whacked up an indi that followed a few simple rules, ran it and was impressed by the results. So I wrote a second indi that essentially does some unsophisticated money management and turned a profitable system into an awesome one.
Given that I dont trade this way, using a somewhat smaller risk with greater rewards, I quickly put it away.
So this weekend the subject came up again and I dusted off the old indis, chucked them on a few charts, and 18 months later they still make good money.
So heres a couple of screenshots.
First one goes from 21000 pips to 59000 pips with MM
Second one from 11000 to 28000
Third from 19000 to 29000
All these are backtests going back 8 years.
Pity I couldnt get one of the MM functions to work, and I couldnt be bothered with a more sophisticated MM scaling lotsize properly.
So I whacked up an indi that followed a few simple rules, ran it and was impressed by the results. So I wrote a second indi that essentially does some unsophisticated money management and turned a profitable system into an awesome one.
Given that I dont trade this way, using a somewhat smaller risk with greater rewards, I quickly put it away.
So this weekend the subject came up again and I dusted off the old indis, chucked them on a few charts, and 18 months later they still make good money.
So heres a couple of screenshots.
First one goes from 21000 pips to 59000 pips with MM
Second one from 11000 to 28000
Third from 19000 to 29000
All these are backtests going back 8 years.
Pity I couldnt get one of the MM functions to work, and I couldnt be bothered with a more sophisticated MM scaling lotsize properly.