DislikedThere have been some significant gaps in price (in the opposite direction from the initial spike) that scare me away from NFP trading.Ignored
DislikedMatrixler, thank you for your insight and your kind words I'll look into these platforms and do some tests when the next NFP comes around. If indeed orders such as this are possible, then I wouldn't have any quams integrating the two systems at all. I think it would turn profits much quicker. Always have to keep an open mind.
Also, I'm making some minor to the system. No rule will be added to create new orders or filter out orders, so the system will remain the same. The only thing that I am going to change is the system of stop losses and take profit. I put this system together with a limited amount of time for a contest, and as satisfied as I am with it, I think it can be improved on quite a bit. A reversal system will probably be set in place to limit losses, and a better take profit system will be put together for those who hate seeing your price retreat 150 pips before it hits the 336 SMA to close. Of course, as I make new discoveries, you at FF will be the first to know
Savage Pip FiendIgnored
It's always hard to optimize a system, even if it's for a long term strategy, because of the fact that one has to wait for a longer time to see it's impact on the current market conditions.
But if your backtests show you any improvement to the risk/reward ratio and max drawdown then you should defenitely give it a "try".
Again, I like the system and your way of sharing it with us.
Maybe we found some cool programmer here who is able to code this one for MT4.
Good trades to all of you