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Existing Backtested Forex Systems

Quoting aeron_1025
Hi Jason,

I am exactly at your position back in few years and always looking for a proven backtested forex system that could give a consistent profits over at least pass 10 years. Also looking for system which is mechanical (do not need to think and analyze) and require less trading time.

FINALLY I did found it ! called "SimplePips System". But unfortunately it is a paid system , not available for free.

I decided to give it a try since this is exactly system that I've been looking for many years. I bought it and backtested the...
Hi,

May I know where to find the system that you mentioned? (shows consistent profits over many years.)
Thanks
Quoting aeron_1025
MT4 does has the historical data of candlesticks chart from year 2003 until now for daily chart on any DEMO or LIVE account of any brokers.
Have been using this FREE resource for manual backtesting on different manual forex systems for passed 3 years.
There is also strategy tester in MT4 platform if you would like to backtest the forex EA.
But MT4 data seems to have quite many "holes" and it does not have minutes and tick data starting from 2003, data which are available in MT are from high timeframes.
Quoting issac
Hi,

May I know where to find the system that you mentioned? (shows consistent profits over many years.)
Thanks
Hi Issac,

It may not appropriate to post it here.
You can either pm me or find it in my blog's resources
_____________
My challenges to make consistent profits - http://www.101forexcurrencytrading.com
The question is not really the "system." Even after thorough back testing and forward testing, the questions is can you execute it with efficiency in a live market.

There are plenty of profitable systems, but indivduals are the biggest variable. Add erratic human behaviors to changing market conditions and the result is what you observe here on FF.

That is the crux of trading - having the discipline to follow the rules of a system while at the same time recognizing nuances of the market where the system will under perform or not perform at all.

The answer to your question - there is no such system that can adapt to the market with 100 percent accuracy, nor is there such a trader.

If there were, EAs would work and, as another post stated, there would only be one thread and one system to follow.

All the best.

dcginc
Quoting dcginc
The question is not really the "system."

There are plenty of profitable systems

dcginc
haha . what a joke. i've backtested hundreds of systems and i have found just 1 idea which is public that works.
universal ideea not 100 trades backtest that may seem profitable.
Quoting dcginc
The question is not really the "system."
I beg to differ. From my experience, this is exactly the problem.
It is very difficult to create systems which are profitable over a long time.


Quoting dcginc
Even after thorough back testing and forward testing, the questions is can you execute it with efficiency in a live market.
If entry and/or exit leave room for interpretation, it is not a system.
It is what I like to call an illusion then.


Quoting dcginc
There are plenty of profitable systems, but indivduals are the biggest variable. Add erratic human behaviors to changing market conditions and the result is what you observe here on FF.
What you decribe here are illusions, not systems.
They are the vehicles of day dreamers and marketing experts.


The reality is that profitable systems do exist, but they are hard to create.
And why should anyone share a profitable system with the public for free?
Quoting TraderJF
I beg to differ. From my experience, this is exactly the problem.
It is very difficult to create systems which are profitable over a long time.




If entry and/or exit leave room for interpretation, it is not a system.
It is what I like to call an illusion then.




What you decribe here are illusions, not systems.
They are the vehicles of day dreamers and marketing experts.


The reality is that profitable systems do exist, but they are hard to create.
And why should anyone share a profitable system with the public for free?...
true ...the system I trade didn't show up to be profitable, infact it had the most perfect down curve!

but when I was doing manual sim trading I was able to see things that fully automated backtesting couldn't. for instance I could see when momentum starts to fail and bail out before my stop was hit or move to breakeven before the setup failed.This act drastically improved performance as I would cut most of the losers and retain my best winners.

I think there is a lot of discretion in trading ....if every thing about trading was quantitative we could have no chance. just think of the millions spent on research and the thousands of geniuses trying to find market anomalies.

after all this is more of an art than science.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
Quoting pemully
true ...the system I trade didn't show up to be profitable, infact it had the most perfect down curve!

but when I was doing manual sim trading I was able to see things that fully automated backtesting couldn't. for instance I could see when momentum starts to fail and bail out before my stop was hit or move to breakeven before the setup failed.This act drastically improved performance as I would cut most of the losers and retain my best winners.

I think there is a lot of discretion in trading ....if every thing about trading was quantitative...
it seems that you optimised the system so that you made it work. would you say you use intuition in your trading?

@traderjf nice idea with the ilusion part of trading systems.
Quoting deltatrade
it seems that you optimised the system so that you made it work. would you say you use intuition in your trading?

@traderjf nice idea with the ilusion part of trading systems.
yep I use intuition a lot ....in fact I'm paranoid ....so much for the "psychology of trading".
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
TraderJF
Quote
I beg to differ. From my experience, this is exactly the problem. It is very difficult to create systems which are profitable over a long time.

Call it a "strategy" or a process then. There has to be a series of decisions to build a case to enter the market. It is not difficult at all to be profitable over a long time if you have the discipline and experience - just like any other profession.

TraderJF
Quote
If entry and/or exit leave room for interpretation, it is not a system. It is what I like to call an illusion then.

What one calls their process is preferential. An illusion? You act on visual stimulus, so technically it's all illusory. My point is simply that most people can't follow directions and that is why the "system" is irrelevant even if it statistically is profitable.

TraderJF
Quote
What you describe here are illusions, not systems. They are the vehicles of day dreamers and marketing experts.

Not sure how you trade and I agree there is a lot of junk out there, but you must have some type of mechanism by which you decide to accept risk and enter a trade. Again, like any expert, one must have the knowledge and experience to combine theory and application. Whatever you want to call it can be a matter of semantics. But one will never make it in trading without some set of rules, etc. - ie. a system, plan or process for decision making.


TraderJF
Quote
The reality is that profitable systems do exist, but they are hard to create. And why should anyone share a profitable system with the public for free?

They shouldn't.

All the best.

dcginc
For what it's worth, i've programmed a trading system that's 100% mechanical and it's been generating between 8% to 28% per quarter for the past 2 years. I did not succeed with moving averages or any other traditional technical indicators, for me it was volume analysis.

Best of luck...
  • Post #32
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  • Last Post: Jan 9, 2013 10:19am Jan 9, 2013 10:19am
Quoting zek132
For what it's worth, i've programmed a trading system that's 100% mechanical and it's been generating between 8% to 28% per quarter for the past 2 years. I did not succeed with moving averages or any other traditional technical indicators, for me it was volume analysis.

Best of luck...
Vlad???

It's your old buddy from KWC - give me a shout sometime would be great to catch up
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