Cavaliers Break - page 4
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Dooh....I just realized that I had the wrong definition of what a Cavalier was. The second candle closes higher than the first candles HIGH, not close, like I thought... So, there's my answer.
Right
Hi Glen
That's right. Could you please now retest intraday, after this clarification.
Hi Glen That's right. Could you please now retest intraday, after this clarification.
Sure. So far I've backtested January 2007 with +327 pips. February had more whipsaws but came out +32. I'll test up to the present and let you know.
This is with one position and closing it when there is a reverse signal. I'm also testing Daily with a TP like you did on the weekly. With a 100 pip TP on position 1 and SAR on position 2, January through May 15, 2007, was +408 including 2 pip spread.
I'm sure there's more ways to make the system profitable... I'll keep you posted
. When we get something we like, I can automate it with an EA.
Glen
this is simple
dear Zappata
this is clear and simple, i hope you can write down your rule at pdf or doc file
so we can easyly understand it like in your mind
i made backtest at this "Knights"... and this is the simplest price action i ever seen
which pair do you think the best?
thx
dear Zappata
this is clear and simple, i hope you can write down your rule at pdf or doc file
so we can easyly understand it like in your mind
i made backtest at this "Knights"... and this is the simplest price action i ever seen
which pair do you think the best?
thxHi stevenali
After I finish the tests I will sure write a PDF file. Already I have tested this setup on EUR/USD (weekly) the results are promising, Glen is testing hourly & daily, I will try to test on 4h period. I have also started to try to test on GBP/USD weekly similar the way I did with EUR/USD, but I discovered quickly that I should change the parameters & maybe also using 3 cavaliers instead of 2 because the knights of Great Britain seems to travel faster than others.
Which pair I prefer? Myself, I prefer EUR/USD, but this is a subjective statment, because I understand better the price action of this pair. The objective statement should be that this system should work for any pair & any market as long as we can find the adequat parameters to use for this pair or for that market.
Zappata
Nice Job, Zapatta!
I love these simple, mindless, mechanical methods.
It looks like this may be good for a hundred pips or more each month.
Not too sexy - just profitable. And THAT'S sexy!
Congrats.
Oops - just noticed that I mis-spelled your name
Hi stevenali
After I finish the tests I will sure write a PDF file. Already I have tested this setup on EUR/USD (weekly) the results are promising, Glen is testing hourly & daily, I will try to test on 4h period. I have also started to try to test on GBP/USD weekly similar the way I did with EUR/USD, but I discovered quickly that I should change the parameters & maybe also using 3 cavaliers instead of 2 because the knights of Great Britain seems to travel faster than others.
Which pair I prefer? Myself, I prefer EUR/USD, but this is a subjective statment, because I understand better the price action of this pair. The objective statement should be that this system should work for any pair & any market as long as we can find the adequat parameters to use for this pair or for that market.
Zappatai love what i see at eurousd weekly and daily...
thx zappata..... wait for your pdf
Zappata,
please take a look at this setup, is it correct?
thumbs up
i have to admit it's very simple and effective. good job! i think daily and weekly...even monthly is the best. nice work and thank you.
stevenali, i don't see where you have a buy.
the rule states that to have a BUY signal you must have 2 bear bars, the 2nd bar being lower than the previous and the entry is at the high of the 2 bear bars. i don't see it in your first box highlight. perhaps i'm missing something.