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  • #3,101
  • Dec 5, 2011 8:37pm Dec 5, 2011 8:37pm
Quoting MickyMouse
i do not know for sure wat backtests others did , i only have my backtests , and other 2 ea`s backtests ... we worked everibody on it`s own to diversify the way the logis are coded. 1 ea is actually made on tradestation , and 2 on mt4 ..
they all loose, sorry . still last 2 -3 months it has been a good period for the eur/usd and eur/jpy as well
With a mechanical system like this, we can have two different backtest results only if either the data used in backtests are totally different or user error (programming error). Although every broker has different data feeds, I don't think it would create such a big difference which brings us to the other problem, user error.

Glen backtested EU only for 16 months and he indicated that system generated more than 8000 pips profit. This means either your backtest is rubbish or Glen's. The best way to find out is to continue forward testing. My suggestion to everyone trading this system, please continue with forward testing by following rules. I don't trust any EAs (there are many experienced coders here on FF saying EAs do not work), therefore forward testing is the most powerful tool we have. I know it is a little bit time confusing, but it gives everything you need re. a trading system.

Regards,
Blackeagle
  • #3,102
  • Edited 12:46am Dec 6, 2011 12:34am | Edited 12:46am
I for one do not give too much weight on backtests, mainly because I will never be convinced that a computer will be able to go back in time and give me results that are certified 100% correct, for whatever reasons, and the only roller coaster I get excited about is the one at the amusement park.

As you can see here, two backtests and two completely different results. Computers will never trade like people. You can't even trust them with a simple EA and I still have to see one single EA that can trade consistently well without intervention. Even people will never trade like other people. Go to any Systems forum and you will see everyone trading everything except the original system.

My efforts in systems relies on the logic of the rules. Do they target the higher probability trades? If they do I will forward test. If I make money I will trade it. If I run into unforeseen problems with the system, I will stop trading it or adjust it to the market conditions.

Every system has it's highs and it's lows. This system has been good since starting forward test. How long will that last? One week or 5 years? No one knows. So in the end it all comes back to the trader. If you know how to trade, you will find a way to make money. Be it with this system or some other method.
  • #3,103
  • Dec 6, 2011 12:57am Dec 6, 2011 12:57am
i agree with you sir. also if micky mouse can tell us the months that turned to be loser incase we need to backtest it manually to really see why things go wrong.thanks

Quoting Blackeagle
With a mechanical system like this, we can have two different backtest results only if either the data used in backtests are totally different or user error (programming error). Although every broker has different data feeds, I don't think it would create such a big difference which brings us to the other problem, user error.

Glen backtested EU only for 16 months and he indicated that system generated more than 8000 pips profit. This means either your backtest is rubbish or Glen's. The best way to find out is to continue forward testing. My suggestion...
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #3,104
  • Dec 6, 2011 1:32am Dec 6, 2011 1:32am
Hello,

You told;

Rules for Long trade:



· BB MACD we need to see yellow dot and green
What if there is no yellow, only green, for example it was yellow and red but turned from red in green without yellow, is this valid signal?
  • #3,105
  • Dec 6, 2011 3:28am Dec 6, 2011 3:28am
Quoting Blackeagle
With a mechanical system like this, we can have two different backtest results only if either the data used in backtests are totally different or user error (programming error). Although every broker has different data feeds, I don't think it would create such a big difference which brings us to the other problem, user error.

Glen backtested EU only for 16 months and he indicated that system generated more than 8000 pips profit. This means either your backtest is rubbish or Glen's. The best way to find out is to continue forward testing. My suggestion...
Before you start making rubish asumptions keep in mind the backtest was checked by Peter himself and trades are correct .. there might be 2 3 trades out of 100 wrong... that does`nt change the fact that is not working . Glen, as you can see on the first page of this thread , backtested the system on 15 minutes !!! not 10 . As it goes for this system , his backtest has nothing to do with us !!!!

So Mstr Blackeagle , i understand you want to believe .... but this is trading, not a church ... As i said, the system looks very promising the past 3 months , especially on the eur/jpy ... that is the best performer !!! actually overall eurjpy is the best performer tested , but im sorry , backtests are not rubish !!!! especially the ones done on dukascopi tick data !!!!... so you may choose to stay blind . I did`nt say nobody to stop trading it . I just warned everibody , so later we don`t have discussions !!!
So you`re statements are rubish my friend, not my backtests ore the other team`s backtests . We worked to much for somebody like you to call our work a rubish . Manually backtest youreself only januari ore februari, and after come here and make this assumptions!!!
  • #3,106
  • Dec 6, 2011 3:54am Dec 6, 2011 3:54am
Thanks for the heads up Micky, will be causious to see how the system is performing.

Btw i just realised today that since yest i had the macd on 12,14,10.
I should change it back to 12,26,10 right?

Thanks
  • #3,107
  • Dec 6, 2011 3:59am Dec 6, 2011 3:59am
Quoting Outrage
Thanks for the heads up Micky, will be causious to see how the system is performing.

Btw i just realised today that since yest i had the macd on 12,14,10.
I should change it back to 12,26,10 right?

Thanks
as far as the rules, yes macd should be changed back to defaults
  • #3,108
  • Dec 6, 2011 4:04am Dec 6, 2011 4:04am
I agree with Micky.

No system is perfect and when Micky warns us on shortcomings of the system, just make a note.

Quoting MickyMouse
Before you start making rubish asumptions keep in mind the backtest was checked by Peter himself and trades are correct .. there might be 2 3 trades out of 100 wrong... that does`nt change the fact that is not working . Glen, as you can see on the first page of this thread , backtested the system on 15 minutes !!! not 10 . As it goes for this system , his backtest has nothing to do with us !!!!

So Mstr Blackeagle , i understand you want to believe .... but this is trading, not a church ... As i said, the system looks very promising the past...
  • #3,109
  • Dec 6, 2011 4:06am Dec 6, 2011 4:06am
AUDUSD signal coming. Get ready, guys.
  • #3,110
  • Dec 6, 2011 4:09am Dec 6, 2011 4:09am
Quoting MickyMouse
as far as the rules, yes macd should be changed back to defaults
Hi,
On 1.3 Template it is 21,14,10

So we are agreed this is wrong and MACD should be 12,26,10 (original set from Fratelli 18th November)
  • #3,111
  • Dec 6, 2011 4:13am Dec 6, 2011 4:13am
Quoting gregh286
Hi,
On 1.3 Template it is 21,14,10

So we are agreed this is wrong and MACD should be 12,26,10 (original set from Fratelli 18th November)
yes, we have to go back to defaults. Peter was probably testing something when he made the template and that is why macd settings are wrong.
  • #3,112
  • Dec 6, 2011 4:29am Dec 6, 2011 4:29am
Buy EURUSD 1.3382
  • #3,113
  • Dec 6, 2011 4:31am Dec 6, 2011 4:31am
Buy AUDUSD 1.0219
  • #3,114
  • Dec 6, 2011 4:40am Dec 6, 2011 4:40am
Quoting Cross
Buy AUDUSD 1.0219
Same here. Let's hope we gain some pips.
  • #3,115
  • Dec 6, 2011 4:46am Dec 6, 2011 4:46am
Quoting Cross
Buy AUDUSD 1.0219
TP 1.0240 > +21pips
  • #3,116
  • Dec 6, 2011 4:48am Dec 6, 2011 4:48am
Quoting Cross
Buy EURUSD 1.3382
TP 1.3402 > +20pips
  • #3,117
  • Dec 6, 2011 4:53am Dec 6, 2011 4:53am
EJ PO 104.23
  • #3,118
  • Dec 6, 2011 4:59am Dec 6, 2011 4:59am
Buy EURJPY 104.22
  • #3,119
  • Dec 6, 2011 4:59am Dec 6, 2011 4:59am
EU 20PTS ,
  • #3,120
  • Dec 6, 2011 5:04am Dec 6, 2011 5:04am
Quoting Cross
TP 1.0240 > +21pips
GREEN PIPS BABY. GREAT SIGNAL - GREAT STRATEGY - GREAT PROFIT !!!

Peter, your a genius !!
A/U = +25 pips
E/U = +25 pips

Please note. it helps if you have considerable experience as you can plot the best entry times that this strategy employs, however if you have no experience then just wait and use the signals!!!

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