Yeah,
I tested it too and its only about 97.5% acurate. Oh well, I'll just wait for something better...for free.
- #101
- Feb 8, 2007 11:05am Feb 8, 2007 11:05am
- Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts
I did not factor in spreads on my backtesting the cable (2-3 pip avg spread for me). This is indeed important, I just wanted to do a quick exercise to test it's potential (on a very short period, I know)
I took trades at the open of the next candle after the MACD and MA cross signal was present. Not perfect, but without tick data for EA testing, or forward testing, it's the best I can do.
I agree about the candle after the signal ...that's why I tested at the open of the candle after the signal was present. More important that it's forward tested because "real" and "pretty" are definitely different....I hope to find the "real pretty" one
I took trades at the open of the next candle after the MACD and MA cross signal was present. Not perfect, but without tick data for EA testing, or forward testing, it's the best I can do.
I agree about the candle after the signal ...that's why I tested at the open of the candle after the signal was present. More important that it's forward tested because "real" and "pretty" are definitely different....I hope to find the "real pretty" one
nitro4x
It looks nice promising .......... but a couple of things .......
--> Are you adding spreads? This is very important! Some are charged 10 pips ......
--> are you only taking trades when the Averages Cross & the MACD line up exactly or are you allowing one or two candles for the MACD to come in line?
--> You have to manually ..... drop down the vertical lines ...... otherwise it looks pretty ..... but pretty .... and actual are not the same.
--> Pouria looks good ..... but forward testing .... will tell it all .... I noticed that you have to allow one candle beyond the cross to be sure .... its real and not just .... pretty. Conclusions on my manual back teasting on GBP/JPY ..... I think this would trade quite profitably .... but it is not the Holy Grail. It on first glance appears to be .... but I don't think that it is.
The EA will help us to back test quicker and better and ...... and I am anxiously anticipating its arrival any day now. mikhaildgreat is working on the EA. IMO
Something to consider for the big bonus pips !
Look at your 30min chart for the GBP/USD for the 10 Jan 07.
The first signal was a LONG (risky trade as you where at a 50% fib retrace level from the previous days high. Also the 75 moving average had crossed to the down side, bearish).
The second signal was a SHORT. You have various reasons for price not to go up and now you have a valid signal to short. This is bonus pips time !
The ADR for the GBP/USD is over 100pips. You have a very good idea where the high for the day is, so all you need to do now is count 100pips down from the top and that is your target. You should have made about 50pips on this trade. Today would have been about 60 pips !
[use standard macd settings, more useful info when you learn it's patterns with this system].
Look at your 30min chart for the GBP/USD for the 10 Jan 07.
The first signal was a LONG (risky trade as you where at a 50% fib retrace level from the previous days high. Also the 75 moving average had crossed to the down side, bearish).
The second signal was a SHORT. You have various reasons for price not to go up and now you have a valid signal to short. This is bonus pips time !
The ADR for the GBP/USD is over 100pips. You have a very good idea where the high for the day is, so all you need to do now is count 100pips down from the top and that is your target. You should have made about 50pips on this trade. Today would have been about 60 pips !
[use standard macd settings, more useful info when you learn it's patterns with this system].