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Buy sell line trading

  • #621
  • Mar 16, 2012 3:40am Mar 16, 2012 3:40am
Hello everybody!

Did someone backtest EU 4h too?

I have an unpleasant surprise: the backtest (manual, sureley with errors and with high tolerance) on GU 4h.
My results were negative using 50SMA, positive using 14SMA.

BUT it's really important to know that those in the results are "blind trades", they were not "cherry picked" in good trending envoiment or something like that, they are just mechanical signals.
The difference between a positive result and a negative one is only the trader, who needs to choose when to stay out of the market (choppy envoiment) and when to trade (good trending market).
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  • #622
  • Mar 16, 2012 3:57am Mar 16, 2012 3:57am
Quoting SteMag
Hello everybody!

Did someone backtest EU 4h too?

I have an unpleasant surprise: the backtest (manual, sureley with errors and with high tolerance) on GU 4h.
My results were negative using 50SMA, positive using 14SMA.

BUT it's really important to know that those in the results are "blind trades", they were not "cherry picked" in good trending envoiment or something like that, they are just mechanical signals.
The difference between a positive result and a negative one is only the trader, who needs to choose when to stay...

are the arrows the direction you traded? or just highlighting Engulfings?
tradewith60
  • #623
  • Mar 16, 2012 4:05am Mar 16, 2012 4:05am
GJ H4
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tradewith60
  • #624
  • Mar 16, 2012 4:07am Mar 16, 2012 4:07am
Quoting SteMag
Hello everybody!

Did someone backtest EU 4h too?

I have an unpleasant surprise: the backtest (manual, sureley with errors and with high tolerance) on GU 4h.
My results were negative using 50SMA, positive using 14SMA.

BUT it's really important to know that those in the results are "blind trades", they were not "cherry picked" in good trending envoiment or something like that, they are just mechanical signals.
The difference between a positive result and a negative one is only the trader, who needs to choose when to stay out...
I really like systems, which are proven by the time or by backtesting ( one and the same eventually). Personally I`ve done backtesting on a similar system for 4 years up to present and it took my whole month. That`s why if you want, I can help you and take some pairs for backtesting. However, I take only signals by the first rule entry. What about you ?
Tell me if you need any help and if so - which pairs you want me to backtest.
Currently short on EUR/USD and EUR/GBP and long on USD/JPY and USD/CAD
  • #625
  • Mar 16, 2012 4:14am Mar 16, 2012 4:14am
UCHF H4 with 2 targets..
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tradewith60
  • #626
  • Mar 16, 2012 4:16am Mar 16, 2012 4:16am
Quoting 60minuteman
are the arrows the direction you traded? or just highlighting Engulfings?
The arrows are just pointing up the Engulfing candles, i traded them long if close > MA, short if close < MA, rule-wise.
  • #627
  • Mar 16, 2012 4:22am Mar 16, 2012 4:22am
Quoting 645
I really like systems, which are proven by the time or by backtesting ( one and the same eventually). Personally I`ve done backtesting on a similar system for 4 years up to present and it took my whole month. That`s why if you want, I can help you and take some pairs for backtesting. However, I take only signals by the first rule entry. What about you ?
Tell me if you need any help and if so - which pairs you want me to backtest.
Currently short on EUR/USD and EUR/GBP and long on USD/JPY and USD/CAD
Yes, as i've said before i trade respecting the first rule entry (testing MA50 and MA14).

Can you backtest EU and GU 4h, from 1/1/12, with the indicator i provided?

..As you can see i got no short on the EU for now.. probably data-feed differences.
On wich candle you entered?
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  • #628
  • Mar 16, 2012 4:26am Mar 16, 2012 4:26am
Quoting 645
I really like systems, which are proven by the time or by backtesting ( one and the same eventually). Personally I`ve done backtesting on a similar system for 4 years up to present and it took my whole month. That`s why if you want, I can help you and take some pairs for backtesting. However, I take only signals by the first rule entry. What about you ?
Tell me if you need any help and if so - which pairs you want me to backtest.
Currently short on EUR/USD and EUR/GBP and long on USD/JPY and USD/CAD
There is data for engulfings already out there, for 20,000 instances, and I journal all my trades... the important data to collect is, how far they went before hitting SL in terms of R/R. What the trend/ market condition was, slope of the ma. The pullback, was it 1 candle of an existing move (i.e a continuation move) or a decent sized retrace... The first move after a decent retrace is always more likely to win... Kind of hard to describe in words but theyre obvious on a chart visually...UJ H4 for example.

Also the combining of entry type 1 and 2 works really well...

And finally you really need to test a few pairs at the same time, over a few months out of the 7 majors you tend to get 1 or 2 pairs performing badly, and 4/5 performing really well.

You need a lot of data to really get the big picture, on any strategy...
tradewith60
  • #629
  • Mar 16, 2012 4:36am Mar 16, 2012 4:36am
Quoting SteMag
Hello everybody!

Did someone backtest EU 4h too?

I have an unpleasant surprise: the backtest (manual, sureley with errors and with high tolerance) on GU 4h.
My results were negative using 50SMA, positive using 14SMA.

BUT it's really important to know that those in the results are "blind trades", they were not "cherry picked" in good trending envoiment or something like that, they are just mechanical signals.
The difference between a positive result and a negative one is only the trader, who needs to choose when to stay...
also, you have to note the R/R, with correct position sizing and 1/1 R/R those ma50 results should of been +3% (based on risking 1% per trade and closing at 1/1 R/R) even though they're negative pips...
tradewith60
  • #630
  • Mar 16, 2012 4:40am Mar 16, 2012 4:40am
Quoting SteMag
Yes, as i've said before i trade respecting the first rule entry (testing MA50 and MA14).

Can you backtest EU and GU 4h, from 1/1/12, with the indicator i provided?

..As you can see i got no short on the EU for now.. probably data-feed differences.
On wich candle you entered?
For sure, but where can I find it ?
And for the EU, actually the last 4h candle`s close didn`t go by the previous one`s open just by 1.5 pips but I already had had signal on other system I use, so I pulled the trigger.
  • #631
  • Mar 16, 2012 4:46am Mar 16, 2012 4:46am
Quoting 645
For sure, but where can I find it ?
And for the EU, actually the last 4h candle`s close didn`t go by the previous one`s open just by 1.5 pips but I already had had signal on other system I use, so I pulled the trigger.
Here it is!

Quoting 60minuteman
also, you have to note the R/R, with correct position sizing and 1/1 R/R those ma50 results should of been +3% (based on risking 1% per trade and closing at 1/1 R/R) even though they're negative pips...
Yep, that's why i recorded all te trades, and not just the global result.
I didn't said that because i find it pretty clear, and i'm not applying money management.. but yes, althrough the E/U backtest ended in negative pips the CASH result (or P/L, name it) is positive.
  • #632
  • Mar 16, 2012 4:52am Mar 16, 2012 4:52am
Quoting 60minuteman
There is data for engulfings already out there, for 20,000 instances, and I journal all my trades... the important data to collect is, how far they went before hitting SL in terms of R/R. What the trend/ market condition was, slope of the ma. The pullback, was it 1 candle of an existing move (i.e a continuation move) or a decent sized retrace... The first move after a decent retrace is always more likely to win... Kind of hard to describe in words but theyre obvious on a chart visually...UJ H4 for example.

Also the combining of entry type 1 and...
I totally agree with you. As I said when we get data for entry signals on 7-8 pairs for quite some time, then we can think more on the exit levels. What I`m emphasising on is that on first sight this system looks great, but I`d like to see how it goes on a flat market, because I`ve lost a lot of pips on flat market, especially by not recognising it .
What`s more I think exit strategies depend more on the the trader`s philosophy. I really like all of your suggestions for exit levels and for me is it`s not so important which one I will choose, as long as all of them work.
One more time, thanks for sharing the system with us
  • #633
  • Mar 16, 2012 4:59am Mar 16, 2012 4:59am
Quoting 645
I totally agree with you. As I said when we get data for entry signals on 7-8 pairs for quite some time, then we can think more on the exit levels. What I`m emphasising on is that on first sight this system looks great, but I`d like to see how it goes on a flat market, because I`ve lost a lot of pips on flat market, especially by not recognising it .
What`s more I think exit strategies depend more on the the trader`s philosophy. I really like all of your suggestions for exit levels and for me is it`s not so important which one I will choose, as...
ok, cool... agree with you on everything there.
tradewith60
  • #634
  • Mar 16, 2012 6:07am Mar 16, 2012 6:07am
Quoting NuBeez
Long setup 1 on EJ H4: long @ 109.24, stop loss @ 108.80, limit @ 110.14

Long setup 1 on AJ H4: long @ 87.85, stop loss @ 87.47, limit @ 88.65
GM everyone,

Stops at break even on these trades.
Consistency = Steady growth = Solid equity
  • #635
  • Mar 16, 2012 6:32am Mar 16, 2012 6:32am
Quoting 60minuteman
GJ H4
Nice trade 60mm. Missed this one.
Consistency = Steady growth = Solid equity
  • #636
  • Mar 16, 2012 7:14am Mar 16, 2012 7:14am
Long setup 1 GU H4: long @ 1.5733,stop @ 1.5693,limit @ 1.5800
Consistency = Steady growth = Solid equity
  • #637
  • Mar 16, 2012 7:26am Mar 16, 2012 7:26am
Quoting NuBeez
GM everyone,

Stops at break even on these trades.
closed +56 & +52
Consistency = Steady growth = Solid equity
  • #638
  • Mar 16, 2012 7:29am Mar 16, 2012 7:29am
Quoting NuBeez
Long setup 1 GU H4: long @ 1.5733,stop @ 1.5693,limit @ 1.5800
stop @ break even. no chances this Friday.
Consistency = Steady growth = Solid equity
  • #639
  • Mar 16, 2012 7:35am Mar 16, 2012 7:35am
Quoting NuBeez
stop @ break even. no chances this Friday.
OMG out +51...that was too fast.
Consistency = Steady growth = Solid equity
  • #640
  • Mar 16, 2012 7:43am Mar 16, 2012 7:43am
GU H4 closed half and moving stops up now...
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tradewith60
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