Thus, I decided to use iTrend indicator with value:
- buy signal from BrainTrend System is confirmed if brown tick of iTrend indicator is above zero and above 0.001 (for usdchf);
- sell signal from BrainSystem is cinfirmed if red tick of iTrend indicator is above zero and above 0.001.
I received the following:
items confirmed: 2; 4; 10; 12 and 15.Totally +221 and no losses.
Are those time GMT?
Do you have a specific time period you trade the system manually?
Next I tested this system with WPRslow and WPRfast indicators with very simple rules:
- WPRslow only (-2 totally);
- WPRfast only (+160 in total);
- both (+7).
Next variation: I wanted to receive confirmation from more higher timeframe. I am testing on M15. More higher is M30 and H1.
items confirmed: 2; 7; 10; 12; 16.
items confirmed: 2; 4; 7; 9; 10; 12; 13; 15.
+283 in total with no losses.
As a result we have the following preliminary conclusion.
USDCHF. Timeframe - M15. Date: from 14.11 till 18.11.
Full bar enter/exit rule (wait until the current bar with the signal for enter/exit will be closed).
1. We may use this system as is. It was 232 p in profit.
2. It is not recommended to use WPRfast and WPRslow indicator as a filters.
3. We can not use iTrend indicator as a filter without any value.
4. We may use iTrend indicator for the confirmation of the signals with some value (to filter) (221 p in profit and no losses).
4. Use more higher timeframe for the confirmation of the signals: we may use H1 for the confirmation of the signals for M15 if we are using M15 to trade.
Thus, H1 timeframe confirmation is more easy way.
And iTrend filter with value is ok as well.
Next time I will test an other pairs to be sure that we found something.
If we are using iTrend indicator with value (brown tick is above zero and abobe 0.001 for usdchf for buy signal to be confirmed, red - for sell) together with confirmation with H1 timeframe we are fully protected from the losses.
We will have +221.
Beginning of this talking is on the page 2 in this thread.
It is the beginning:
Just to remind:
- all the indicators;
- Brain trading Manual (thanks chibana).
I was reading the manual and tested all the system on M15 timeframe from 14th of November till 18th. I used full bars rule for enter/exit as I understand it: current bar (0 bar) with signal should be closed and new bar should be opened (but not closed).
So, it was usdchf, historical data (backtesting let's say), m15 alpari server's time.
I was spending my holiday.
And I did two template for the people who want to test it. Use bt7_chf_m15 template for the trading and h1 template for the confirmation. And it is good if somebody will test it on an other pair: eur for example, and value of iTrend filter may be the same in this case (0.001). For the other pairs the value may be different (for jpy especially).
For the people who is just involved now and want to understand what I am doing please read this thread from post #20.
Well. I finished with GBPUSD, M15, full bars rule (enter/exit when current bar with the signal is closed and new bar is opened but not closed yet):
1. 14.11 18:45 20:00 buy +2
2. 15.11 02:30 04:45 sell +4
3. 15.11 10:30 13:30 sell +32
4. 15.11 16:15 16:45 buy -10
5. 15.11 23:30 23:45 sell -5
6. 16.11 00:00 01:15 buy 0
7. 16.11 01:30 03:45 sell +6
8. 16.11 04:00 04:15 buy -4
9. 16.11 04:30 06:45 sell +8
10. 16.11 07:00 07:30 buy -4
11. 16.11 10:00 14:45 sell +90
12. 17.11 02:00 04:00 sell +12
13. 17.11 09.30 10:45 buy +4
14. 17.11 17:45 19:00 sell -10
15. 17.11 19:15 20:00 buy -1
16. 17.11 20:15 22:15 sell -9
17. 18.11 00:15 02:30 buy +10
18. 18.11 02:45 06:15 sell +23
19. 18.11 14:15 14:30 sell +8
20. 18.11 14:45 15:45 buy +49
Totally for gbpusd is +199.
If we will confirm all the signals by iTrend indicator with value 0.001 (the same with chf), we will have the following:
items: 3; 4; 6; 13; 15 and 20 that is +74 in total.
If we confirm all M15 signals by the other signals from H1 timeframe we will have the following:
items: 3; 15 and 20 that is +80 in total.
The reason why we have such a small number (+80) is that confirmation for H1 timeframe was not done for the item 11 with +90 p in profit.