MoneyTec.com Traders Community Forum - View Single Post - 1 year, 6 pairs, 1 lot, daily chart, 504 signals, 13942 pips profit

4xfool · 25-02-2005, 13:08

Here is the latest backtest for my very very simple trading LONG TERM methodology. According to the info in the backtest engine on the charts, spread is accounted for already since there is an input for spread in the backtest stuff. Anywhoo, the numbers are good, the signals come one a day at most. Is it realistic to trade off the daily charts if these numbers are "spot on". I also included a 25 point stop loss in doing this backtest. Thats why all the losses average right around 25-30 pips. Would this perhaps be a good system to implement in an auto trading system? All it requires is patience which is something most of us are lacking. My question is what is out there to incorporate auto trading systems? Without giving away your system?? Or I guess checking the charts or having the charts send me an alert isnt that hard!! I find that trading for hours at a time is very stressful so once a day is much more appealing, at least to me. What I'm really really curious about is are these numbers that good or do lots of people find their backtested systems perform like this but cant do it in "real life"? Mine is a simple system based on "closed" daily candlesticks so not a lot of room for the backtest to mess up really. But like I said, is it too early to get excited over this? and has anyone else designed a system that backtests with numbers like these. I really want to know. Thanks...

P.S. I only did the 4 MAJORS and the GBP/JPY and the EUR/JPY. I tested other like the CAD and AUS but these six were by far, the best performers.

25-02-2005, 13:08	#1 (permalink)
4xfool level 3 Join Date: Jul 2004 Posts: 268 Rep Power: 0	1 year,6 pairs,1 lot,daily chart,504 signals,13942 pips profit..and DAILY ALERTS!! Here is the latest backtest for my very very simple trading LONG TERM methodology. According to the info in the backtest engine on the charts, spread is accounted for already since there is an input for spread in the backtest stuff. Anywhoo, the numbers are good, the signals come one a day at most. Is it realistic to trade off the daily charts if these numbers are "spot on". I also included a 25 point stop loss in doing this backtest. Thats why all the losses average right around 25-30 pips. Would this perhaps be a good system to implement in an auto trading system? All it requires is patience which is something most of us are lacking. My question is what is out there to incorporate auto trading systems? Without giving away your system?? Or I guess checking the charts or having the charts send me an alert isnt that hard!! I find that trading for hours at a time is very stressful so once a day is much more appealing, at least to me. What I'm really really curious about is are these numbers that good or do lots of people find their backtested systems perform like this but cant do it in "real life"? Mine is a simple system based on "closed" daily candlesticks so not a lot of room for the backtest to mess up really. But like I said, is it too early to get excited over this? and has anyone else designed a system that backtests with numbers like these. I really want to know. Thanks... P.S. I only did the 4 MAJORS and the GBP/JPY and the EUR/JPY. I tested other like the CAD and AUS but these six were by far, the best performers. Attached Thumbnails Last edited by 4xfool; 25-02-2005 at 13:50.