Dislikedthis strategy provides excellent entry and exit signals for those wishing to be "mechanical" traders, which is my objective.Ignored
Great GBP/USD Strategy for Swing Trades
hmm, but if i'd traded the strat mechanically through FXCM over the last 6 years (using the criteria you used in your test, from what i've read in your posts), i'd be down 1300 odd pips...which broker/data are you using for your current live trading/testing of the strategy?
.Back to earth please, the basic is that this system is excellent but I feel the entry and exit can be improved. The LRI entry shows this clearly for now, as it put you in the market 40-60 pips earlier than the EMA13. As far as exit, it is not perfect but gave me profit in the last 5 trades as the recross 4-13 eats most of the profit on shorter moves. The LRI remains, in my opinion, better to exit but it is a little hard to interpret, I admit; however, the present move is unusually strong and it is not often that we see a cross down LRI and cross up again, could it repeats itself a second time on that move ? LRI is still a very good indicator and it was possible to re-enter the trade using the 1H chart when the market jumped above the LRI yesterday morning.
I would like to point out that the inventor of the system also suggests to cash-in some profit along the way, which in the long term will be excellent.
I have also been experimenting with another exit signal that seems promissing (see attached chart).
I am simply trying to contribute positively to this thread and all this ''stuff'' is stricly optional from the original Vyneer, so if you don't like it just ...
Dear Chow,
Your back test using FXCM is not valid and I have only notice one thing :Signal Activates: When EMA13 crosses EMA50
This is not the signal as you need to wait for the next open candle to open your trade. No offense to you but FXCM is one of the worst broker out there, traded there for one year and their tools are not sophisticated enough to trust. Secondly FXCM manipulates prices at will and as soon as you see slighly volatile prices happening, the discrepency between the price of their charts (any FXCM data fed charts) and their station can be 10-40 pips difference in their favor always, contrary to Oanda for instance which is the only broker I know where the live charts and station are 100% syncro. FXCM has also received several judgments against them from gov authority. I have also contacted US market authority about this and they candidly told me that there was no legal requirements to have charts and trading prices match, so most brokers take full advantage of that. The requirement is that the station price is the price you get under normal conditions.
I think Matt back test is more precise.
Please don't take offense at this post but just want to set the records properly.
Your back test using FXCM is not valid and I have only notice one thing :Signal Activates: When EMA13 crosses EMA50
This is not the signal as you need to wait for the next open candle to open your trade. No offense to you but FXCM is one of the worst broker out there, traded there for one year and their tools are not sophisticated enough to trust. Secondly FXCM manipulates prices at will and as soon as you see slighly volatile prices happening, the discrepency between the price of their charts (any FXCM data fed charts) and their station can be 10-40 pips difference in their favor always, contrary to Oanda for instance which is the only broker I know where the live charts and station are 100% syncro. FXCM has also received several judgments against them from gov authority. I have also contacted US market authority about this and they candidly told me that there was no legal requirements to have charts and trading prices match, so most brokers take full advantage of that. The requirement is that the station price is the price you get under normal conditions.
I think Matt back test is more precise.
Please don't take offense at this post but just want to set the records properly.
- #809
- Jun 21, 2007 10:37am Jun 21, 2007 10:37am
Dear Chow,
Your back test using FXCM is not valid and I have only notice one thing :Signal Activates: When EMA13 crosses EMA50
This is not the signal as you need to wait for the next open candle to open your trade. No offense to you but FXCM is one of the worst broker out there, traded there for one year and their tools are not sophisticated enough to trust. Secondly FXCM manipulates prices at will and as soon as you see slighly volatile prices happening, the discrepency between the price of their charts (any FXCM data fed charts) and their station can be 10-40 pips difference in their favor always, contrary to Oanda for instance which is the only broker I know where the live charts and station are 100% syncro. FXCM has also received several judgments against them from gov authority. I have also contacted US market authority about this and they candidly told me that there was no legal requirements to have charts and trading prices match, so most brokers take full advantage of that. The requirement is that the station price is the price you get under normal conditions.
I think Matt back test is more precise.
Please don't take offense at this post but just want to set the records properly.
For your information and accuracy, execution of the 13x50 signal with hivetrader is at the open of the next bar, not as the 13 crosses the 50, so the entry is valid.
I take your point about FXCM synchronicity, they are now forcing the No Dealing Desk on hivetrader members, which i'm not in favour of. I have traded with FXCM and Oanda for some time and have ceased trading certain strats with Oanda because of their variable spreads...onwards and upwards
as the original method followers are making the big buck 
, well win some loose some as they say.
