As I was back testing this system by Exking following all rules on EU 5M from Feb 8 - June 8, 2011 only trading from london open till london close. If we follow the system blindly, entering every signal, the system makes profit but only about 5-10% a month after spread. Anyone have any ideas how to filter bad signals or how to keep holding on a winning trade? I also tried trading only the AAA trades (as Exking described the most powerful ones are everything goes to same direction in 1 bar) and skip the ones with 2 bars. Results are not as good though.
I also back tested 1Hr with the original template using the original rules posted on page 1 except:
-Close on opposite signal or -40 pip which ever comes first
-Trading 24/7 continuously
-I traded using 5% per risk for a -40 pip sl and the account doulbed in 2.5 months with a total gain of 672.7 pips from Feb 8 to April 22.
As I was back testing this system by Exking following all rules on EU 5M from Feb 8 - June 8, 2011 only trading from london open till london close. If we follow the system blindly, entering every signal, the system makes profit but only about 5-10% a month after spread. Anyone have any ideas how to filter bad signals or how to keep holding on a winning trade? I also tried trading only the AAA trades (as Exking described the most powerful ones are everything goes to same direction in 1 bar) and skip the ones with 2 bars. Results are not as good...
Ignored
Hi johnjwong,
Thanks for sharing your results,
You're right, the system is not so profitable if traded blindly, I think no system is. I said it's profitable even if traded blindly, I don't recommend to trade any system blindly, TrendLines and other things are important in almost every system. If you trade it in real time with regard to TL's and Pivots, ... the result is much better. In my opinion if a system is profitable in back-testing it's much better in real time and it's worth to give a shot.
About the filtering bad trades and recognizing good trades to let run I didn't get anything yet since I'm busy and I'm a little sick.
About the original system, since I'm not a fan of higher time frames I didn't tried it but I look into it if I find some time.
Thank you
Hi johnjwong,
Thanks for sharing your results,
You're right, the system is not so profitable if traded blindly, I think no system is. I said it's profitable even if traded blindly, I don't recommend to trade any system blindly, TrendLines and other things are important in almost every system. If you trade it in real time with regard to TL's and Pivots, ... the result is much better. In my opinion if a system is profitable in back-testing it's much better in real time and it's worth to give a shot.
About the filtering bad trades and recognizing good...
Ignored
Thanks exking, Im using your template and rules for live but filtering trades base on my technical analysis of TL,123 patterns, higher time frame etc., if i take counter trend I will aim for higher but only 10 pips for normal trades. So far so good but only time will tell.
