maybe use daily candle?
DislikedI can see this is a pure mechanical trading system so I guest if anybody has created an EA with this system? I know it only take 20 minutes a weeek to trede with this method but with an EA it takes no time and it is possible to backtest in long periods in minutes and have more statistic results.
Hope you like this system and want to help developing this EA.
PS. to the coders. Sorry for the Spanish words
DislikedI stopped trading for a while and spent time on other projects. I'm willing to give trading another go now. Would like to hear from some of you guys, if you're still around. Is anyone using a variation of this system successfully?Ignored
Dislikedi traded this for half year during 2009....Ignored
It's really great to hear from you, again!
Actually I have been trading many, many different breakout systems over the past 5 years. Guess what? I am almost exactly break-even for all my efforts. I suppose with the extremely high forex failure rate, breaking even is at least a moral victory.
Unfortunately, every breakout system I have tried has resulted in a very small modicum of success. I discovered that market conditions change so rapidly in the mostly random forex market that you simply can't adjust quickly enough to...Ignored
DislikedIts been a while...months...
Hope all you guys are doing well; Yen, shiko, Ron, Pharoah, Droland, Bobcat, lolpie, andy, wrenski...just to name a few.
Its unfortunate that this thread fell apart. I remember back when I was trading this system during late 2008 and early 2009, it was extremely profitable. After sharing the system here on FF, the profits started to slow down until it just stopped producing. That's not to say that it was forexfactory's fault, or that posting my system made it fail. Or did it.... But to be honest, this system...Ignored
DislikedI Was I paranoid? Yes. I started using it and made quite a bit.Ignored
I think I know what you mean. No, this system is not an "arbitrary" method (although the optimalization itself maybe a kind of curve-fitting). It is a kind of trend following system. Like S/R, trend following is also has a long history as old as trading itself, and like S/R, it works better sometimes and worse sometimes.
DislikedThe week is 7 days. The trading week is 5 days => M T W T F (look at shape of letters also..)
if converted to 7 days =>
Starting from 2010. Jan 1 u obtain completely different approach ...
i remind u it is 35 *trading days* complete full cycle => easy to calculate take a pencil and sheet of paper.. and u will see 5 rows x 7
the 6th row starts again with monday on 1st place..
Dislikedi found how to filter if u want i can send u by mail how to set up.. i want to use it at least 35 days then to post it here...
hint: there is delay between "reality" and "delayed week"Ignored