Would you invest in this system?

I just want to know if this system I designed is investor worthy.

I am looking for feedback on its trading style.

I have attached the MT4 Report printed as PDF.

There are different types of investors, but I'll divide them into 2 groups:
1. Investors who doesn't know what their doing.
2. Investors who knows what their doing.

I'm pretty sure you can get small investors investing in your system, due to the reason that you showed a positive balance sheet or a rising equity curve.

But for any serious investor like me who knows what I'm doing, a positive balance or a rising equity curve doesn't impress me at all. Before I invest anything into someone else's hands, I need to know I can trust them. Trust in this instance by means that I trust their expertise in that matter and not trust in fate/faith.

To gain a serious investor, you need to show them that you know what your doing. Before I invest in your system, I need to know that you know what your doing. And this is how I would find out.

Refer to the equity curve you provided. I have circled your equity curve at different sections. If you can provide a detailed explanation to me at each circled conditions; "why it went up" and "why it went down". Only then I would know that you do know what your doing. Only then any serious investor will take you seriously. If you can't produce a detailed explanation to those equity curve, any serious investor will never take you seriously (or invest in your system). Of course any report won't do, your report will need to convince a serious investor, and trust me, serious investors are pretty smart people and can detect if you are the right deal or not.

Thanks for taking time to read through my report.

During those dips,

1. The trends did not continue after they started.
2. Other times they did continue, but after retracing to hit my stops.

During those good times (in blue):

Trends did in fact continue after they start. And all retracements were reasonable.

Before even looking into the report, the most important info is how you produced it. Is it in sample or out of sample? In sample backtests are meaningless - you can produce any backtest report with a trade simulation from the same data for which the system was tweaked or optimized.

All of the testing presented above is out-of-sample, i.e. Although there is one parameter, I did not try out many parameter values and found one that works. There is no machine learning stage or parameter estimation stage.

There is only one parameter, and I have tried eliminating that parameter too with similar returns in the 3 year period and reduced variance in returns.

See attachment for the parameter free version.

Thanks, that's good. I found it very hard, if not impossible to develop a profitable system on 1-minute bars, so even the modest profit factor 1.1 can be considered a success.

Which spread and slippage were you using for your simulation?

I used the natural bid-ask spread provided by Integral's TrueFX. The holding period I estimate is 1/2 hr, and average profits are definitely more than 10 pips. So I did not factor in slippage.

I have also tried it on Dukascopy's JForex with exceptional results, but the code needs a bit of change.

Running non-parametric GBPUSD now. Will post in a few minutes.

Hi All,

I have attached 3 years backtest for GBPUSD.