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Trading Made Simple

  • #10,361
  • Aug 21, 2011 12:21am Aug 21, 2011 12:21am
Hi,

Can someone please explain how to back test this strategy? I've done backtesting of an EA once, but that's about it. How would I backtest this strategy? Any help is appreciated. Though I am looking online to see whether there is a tutorial on this.

Regards
  • #10,362
  • Aug 21, 2011 12:23am Aug 21, 2011 12:23am
Quoting Erebus
Traders may be able to give you a generic answer to this, but if you want more specifics, you will have to go over the charts and check how your trading plan would have performed in the past.

Mark out the trading day, check for signals, look at the price action, doesn't take long to go back over 100 days to see where you may or may not have made trades.

For example, how would you handle the situation shown on the chart? Many pips to be made but no actual signal during your trading day; will you enter based on price action, eg. the trend is up,...

Well i have not followed this thread or system...but the answer is simple.

STICK TO YOUR RULES! If you dont trade those hours and a signal happened before your "day" started....DONT worrry about it! Move on to the next pair and look for the next setup. Your not going to catch every move in the markets and you will not make EVERY pip...get over it, its a FACT! K.I.S.S!lol
  • #10,363
  • Aug 21, 2011 1:20am Aug 21, 2011 1:20am
Quoting Dredding82
Well i have not followed this thread or system...but the answer is simple.

STICK TO YOUR RULES! If you dont trade those hours and a signal happened before your "day" started....DONT worrry about it! Move on to the next pair and look for the next setup. Your not going to catch every move in the markets and you will not make EVERY pip...get over it, its a FACT! K.I.S.S!lol
Well said. And I like your signature!
Read the entire thread BEFORE you ask questions!
  • #10,364
  • Aug 21, 2011 6:49am Aug 21, 2011 6:49am
im thinking of taking this short trade when the markets open, got a double top with tdi confirmation.

any thoughts?
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  • #10,365
  • Aug 21, 2011 7:06am Aug 21, 2011 7:06am
Well the price line is parallel so you might want to re consider as per Big E rule.

Next..it IMO is a flag pattern so you might want to wait before you consider shorting it.

just my two bit
  • #10,366
  • Aug 21, 2011 7:26am Aug 21, 2011 7:26am
Quoting Simr
Well the price line is parallel.
can you please explain what that means
  • #10,367
  • Aug 21, 2011 7:29am Aug 21, 2011 7:29am
Quoting GT_Pips
Gess, now your in this thread talkiing about some freaking trade explorer.
You still havent learned from the other threads that you posted that crap in, that no one cares about proving anything to you.

The only proof I need is to look at my account balance at the end of the week to know if the Big E system works or not.
If you too lazy to read the entire thread and put some time into trading the system and your just looking for someone to give you a life hack so you dont have to do any actual work.
Then your SOL here.

Maybe someone else...
I am successful trader, I am not cheater, so I will never show my strategy to the public!! I wanna make money from it alap.

It's not like other things. If you ask me to teach you English, definitely I will.But I know you will never ask me to teach you English.
  • #10,368
  • Aug 21, 2011 7:57am Aug 21, 2011 7:57am
Watch the 5ema/ma ( yellow line) . it is paralleling out. Plus the price appears to be moving with in a range.

Quoting 33drifter
can you please explain what that means
  • #10,369
  • Aug 21, 2011 8:23am Aug 21, 2011 8:23am
Quoting Simr
Watch the 5ema/ma ( yellow line) . it is paralleling out. Plus the price appears to be moving with in a range.
I see, i think you mean horizontal.

not sure that thats part of the rules, but thanks for the input
  • #10,370
  • Aug 21, 2011 10:21am Aug 21, 2011 10:21am
Quoting alkenany
hi buyorsell
sorry being late, i just see ur post.
here the indicator,and u have good weekend too
There is also a version 3 to Fibpiv...
  • #10,371
  • Aug 21, 2011 10:49am Aug 21, 2011 10:49am
Hey guys!
I have subscribed as I've been followin the Big E system with great interest. Will test it out as soon as the new trading week starts! Happy pippin'!
  • #10,372
  • Aug 21, 2011 12:21pm Aug 21, 2011 12:21pm
Is there a skyperoom for this method how do i become a member to the room ?


best regards
  • #10,373
  • Aug 21, 2011 12:33pm Aug 21, 2011 12:33pm
It seems there are no scheduled important events tomorrow - is that good or bad?
  • #10,374
  • Aug 21, 2011 12:50pm Aug 21, 2011 12:50pm
I've found a set up for a short on GU according to the system: TDI green line crossed down sloping red line at an ideal angle, Stoch is going down and last red HA candle closed below the ma line. Just waiting for the market to open and to take all that pips that will follow.
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  • #10,375
  • Aug 21, 2011 1:24pm Aug 21, 2011 1:24pm
Quoting demoreal
I've found a set up for a short on GU according to the system: TDI green line crossed down sloping red line at an ideal angle, Stoch is going down and last red HA candle closed below the ma line. Just waiting for the market to open and to take all that pips that will follow.


Sunday opens are not good time to trade, It is usually a very unpredictable session, specially Sundays.
Indicators always obey Price, not the other way.
  • #10,376
  • Aug 21, 2011 1:28pm Aug 21, 2011 1:28pm
Quoting maxtrader
Sunday opens are not good time to trade, It is usually a very unpredictable session, specially Sundays.
+1

The market is closes for the small boys but remains opens in the week end for banks and institutionnal so be careful of the gap.
  • #10,377
  • Aug 21, 2011 1:33pm Aug 21, 2011 1:33pm
Quoting maxtrader
Sunday opens are not good time to trade, It is usually a very unpredictable session, specially Sundays.
Thanks Maxtrader. When is the earliest you would start trading?
  • #10,378
  • Aug 21, 2011 1:36pm Aug 21, 2011 1:36pm
Quoting Forethan
+1

The market is closes for the small boys but remains opens in the week end for banks and institutionnal so be careful of the gap.
Thanks Forethan for the info. I've heard somewhere that the opening gap (that happens on Sunday) is usually filled afterwards.
  • #10,379
  • Aug 21, 2011 1:43pm Aug 21, 2011 1:43pm
start trading tomorow, or after the gap (gaps tend to close )
  • #10,380
  • Aug 21, 2011 1:49pm Aug 21, 2011 1:49pm
Quoting palinkasa
start trading tomorow, or after the gap (gaps tend to close )
Hi Palinkasa.

What time would you start?

PS I've heard about a trader who uses the fact that gaps tend to close most of the time. He has some sort of system based on it.
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