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To remember - we are still on the short leg - started @ 7752 - trade is on track!
Now as the system is clear for everyone - there will no longer be updates on every turning point here.
Because this is not intended to be a journal of that very system but more to be a trading possibility
to compare with other systems on the same instrument.
The goal is still to find the very best (low risk ) system over time!
Up to now we have had some very good results here. Not even one negative trade resulted.
Took a look at a couple of different instruments this weekend.... can certainly see some opportunity there.
I was curious.... at the beginning of the thread, you said that you had looked at this method over the last 2 years - do you have a sense of the win/loss ratio over that period of time? I was going to check myself, but was having trouble downloading data over the weekend.
Also, did you ever have a situation where you continued to only receive false signals.... for instance, the market hitting a top, and then just continually moving up creating more false signals?
First - I tested the system from time to time live - but have never backtested it as I have not programmed the rules.
Second - there are signals that are coming up but the price is still moving in the same direction and not turning...
For these occurences I have a quite tight stop loss setting which prevents from going into the big negative numbers.
In such a case I am waiting til' a new normal signal comes up again to take another trade.
I guess that this setup is working on many different instruments...