[color=black][font=Verdana]When i say i'm interested in a daily system, i don't mean trading the FSP everyday. I was refering to adjusting the entry criteria based on the average daily range rather than the previous weekly range and would be looking to hold the position closer to 1 day than 1 week. So i would trade the original FSP on Monday's and the adjusted daily FSP on Tuesday's to Thursday's. Is this similar to what you tested? Also was your testing based on fixed entries similar to FS (even...Ignored
I not only backtested entering the original FS daily, with BO range and SL based upon volatility and various levels of volatility, I also did it based upon the original FS (which had a fixed BO range and Fixed SL) for both its original values, the values that Joel changed it to in October 2008, and various other values.
Whilst I can't say I tested all possibilities with all major currency pairs, I did sufficient to decide that Monday was almost certainly the best day.
What I call my Asian range BO strat has orders entered after the Asian session has finnished. The times are as follows:
UK Summer: Mondays 06:00 GMT pairs G/J, G/U, E/J, A/U
Fridays 05:00 GMT Pairs G/J, G/U, E/J
UK Winter: same as for UK Winter but 1 hour later.
I am not going to give the details of time for the start of the range, the BO range size, the SL or the fixed TP, becauseevery 3 months I re-run my backtests and re-calibrate.
Note that I use an EA for my backtesting, and that is the only thing I use an EA for!
Please don't take my word for any of this. If you decide to trade based upon anything that I, or anybody else says, you must do your own testing and verification - either write your own EA (or read somebody else's EA to check it is doing what you think/want) or do it by a visual backtest.
There is no free lunch.