for me, 10point3 is already a gold mine, a holy grail, its the matter of you guys put effort to extract it or purely rely on backtest.
that's great - congrants.
just for reference - how does the backtest(s) look? It can easily tell you how it will handle the NFP!
Read my 1st post before you start posting. Now, get out from this thread and dont look back. We need productive post! Not wastage! Go and open your new thread if you like to, dont ever come back and polute our vision.
hehe...may be you're right. I guess I really needed to put a TP instead of let the trailing stop to lead the way. How about 28? Meanwhile, I'm still at the meeting now, I'll go home and change my TP to 28.
David, you can ignore TB ... or shall i say 'sweetleaf' !
We can clearly see how a disaster 1 direction martingale created, and 2 way martingale makes 180' turn. Read the statement carefully, where grandpa only open buy before he take a big hit, then immediately change direction after the CRAZY 26% drawdown. Mine is always close with profit and refer to the latest signal and open trade. Both us using same TP, InitialStop...everything is identical, look at the drawdown. Make a comparison. Do you want your life account once in a while hit to the low margin <100%? Or decide to let some profit to cover your asses on the opposite direction. I dont know whether this help. But for me, 10point3 is already a gold mine, a holy grail, its the matter of you guys put effort to extract it or purely rely on backtest.
I understand now. I'm not sure how I overlooked that. I will begin forward testing.
So far forward testing for a day and no trades.... Other results?
I noticed this also. davidke's North Finance demo account is placing trades though. Is that account using the same EA?
full of data release
This week is eventful week - lots of data release. It will be a good test for all the countertrend strategies!
While we wait .. here are 2 live links to keep us entertained!
conservative - http://nolosstrades.tripod.com/spider/statement.htm (aim is 1% a week)
aggressive - http://nolosstrades.tripod.com/agg/statement.htm (aim is 5% a week)
Don't bother to analyse - you'll end up with spaghetti
The challenge is to maintain a straight line equity in both cases. Multi year Backtest says so .. let's see.
Looks good...what settings you using?
There is also another question that I have. David mentioned this regarding this system in another thread:
Is this true? If we were dealing directly through the interbank with a real broker and a large account, we can't trade the same pair long and short at the same time?