NFP System - Backtest data provided

Hello, like several other members, I have problems with applying the sentinel index SMA modA indicator to my GBP/USD chart for this system. While it works fine so far on one of my computers with MT4 (MIG server), it works neither with MT4/IBFX nor with MT4/MIG on my other computer. Problem is that the sentinel mod A indicator only shows a blank screen for the current data, while it lacks the MA line in the past, where data occur (data occur until may 10 2007).

Right now I'd like to know how important the sentinel index part is for the whole system. How often does it happen that the sentinel index contradicts the price/SMA relation? How much does the whole system become inferior if I leave the Sentinel part out?

I am using Velocity4X and have no such problems with the indicator, it works fine
Also still long 1 half and at +144

Finally it works for me on both of my computers - thank you! I'm looking forward to trying this strategy after next month's NFP!

July still open and currently at +440....wow

Well I have closed out the second lot for +356 so that makes a total of +406 for July so far.....probably no more trades to be taken.
Well looks like nobody checks this anymore and Kevin doesnt post either so this will be my last update

Richo

I check it and I want to know why this thread died. Just because it didn't do well in the first month or two, people lost patience and left it for dead.

Well I said I wouldnt post again.....Took another trade using half lots as we are near the end of the month. 1st half exited for +50 and last half now at BE. So all in all an excellent month. I dont know why its lost intereset, probably not fancy enough and low maintenance, not for the trade junky! (glad someone checks the posts)

I just came across the thread and it looks very interesting, I will study it over the next week, I must say it looks like great returns for a little work.

Thank you for the great idea and work that went into it.

Regards

hi,

the thread is not dead..it's just summer time! people do vacation, even traders like the see.

Based on the spreadsheet, using fixed risk one can improve the results by 10x ($4M) with no major increase in drawdown, simply by removing the trade which takes a quick 50 pips out of the system. Only trade the trade which has no profit target.

Alternately you can reduce risk per trade by 38% and still get the same results.


Thanks for sharing Kevin.
Regards,

Because this system is designed to identify long term trends, I wonder if using Jacko's Anti-Hedging would improve the results.

Why did this thread die? What happened to Kevin_E? Is it just me, or did this system have a solid backtest as a track record?

Where areeeeeeee you Kevin_E???

And Rob Booker has been silent for months.........

I communicate with rob regularly. I havent backtested this one but I thin kthis should be ok. I cant backtest it because of day light settings.

I always liked a good Rob Booker post. Maybe you can let him know that people have noticed his absence.

Wonder where KevinE went off to....

Maybe the method is banking him serious money, assuming the trend in the backtest continued.

Is anyone trading this? The thread went silent for no apparent reason.

Does anybody work with this system? No any reply from last Sept....

What the heck happened here?

I don't know - back test it. See my comments above about how taking early profits limits profitability / increases risk.

Another idea is to trade the system as you would a monthy ORB system, but rather than using the first day of the month use the NFP day as the start of the month.

Regards.

Respect to those freaks who trade and make money on the NFP.

I was fortunate (give God the glory, praise, and thanks) and used this indicator (after finding it after I made one of my own) to make over 3000 pips in first two weeks of August trading 1 micro lot each pair and trading six pairs (so only made less than a few hundred dollars taking my account from approx. $460 to a little over $750). But I had to use the daily chart to do so. Playing the daily chart is not going to work nearly that well most of the time (because the USD started a surge in strength at beginning of august that was bigger than moves made in years, that lasted a couple weeks).

The problem with this indicator is that it is not updating correctly on the charts in realtime, but waiting on each chart's tick to come in before it updates. You can test this by putting it on all six pairs' M1 charts at the same time. They look correct. Now leave them on the charts for awhile, come back, and you'll see that the line does not look the same on all charts. I could manually update the chart by switching to another timeframe and back, or restarting MT4. Either way is not efficient for trading. If this indicator did update correctly no matter what pair's chart it was on, a boatload of pips is awaiting. Unless someone can make that happen, then the indicator is not trustworthy enough to trade with. The trader MUST know that what they're looking at is trustworthy.

Don