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Originally Posted by 4xfool
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.
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Nice going but backtesting doesn't work.
Run the system on a live account for a year then post your results.
I
highly doubt you'll make 14,000 points.
This week I made over 1400 points profit on my live
fx acct trading 12 pairs. Last week over 1700 points trading 7 pairs. All with extremely low risk.
If you forward that by 52 weeks = over 73,000 points for the year trading a live account and I don't consider myself nearly as good a trader as I could be. I am sure there are others who WAY outperform those numbers.
To all the 'traders' whose money I took this week because you have inferior systems to mine I want to say "Thank you!"
And, Mishak, if you lost any money to me just let me know and I'll give it back to yah!
"Sorry! Here ya go, Mish!"
fx