Disliked1. Backtests are unreliable especially with martingale systems. When they gap over the weekend it causes the reentry effect to be out of whack. In other words you dont get that even reentry levels. This causes backtests to give erroneous information about the EA. This discovery led to me to do a trade by trade analysis of the martingale system and see there was a way to trade it. Dont keep trades over the weekend they are the biggest cause of the death trade in backtesting. So backtesting will not give you good solid results of this stystem,only and idea of how it works.
2. I dont use any type of loss control. I am the loss control. You cannot program to close off of a retrace. That is how you can keep this system profitable is closing off a retrace or closing when you see trouble.
3. That is why I use 10-15 currencies and use only 8 levels. No one currency can wipe out my account. Even if it goes 800 pips in the hole my account survives. I will always get to the trade before it ever goes that bad. It is the fundamental belief of my stystem that you will always get a retrace. That is 100% true. Sometimes I wait 10-12 hours but I get my retrace and I am out or I am out at the crossing of the support/resistance line.Ignored
Some questions:
1) Then, may i use the Backtest from Monday to Friday to avoid the gaps?
2) What do you mean exactly by levels?
3) Does this system have any template available?
Thanks..