10years,6pair,Daily_chart,138,474pips profit. Requirement:Patience

[4xfool]

My question is this: According to my many many backtested formulae, I have come up with this conclusion. Trading FOREX profitably performs best when it is not overtraded. But the dilemma is this: Is there anyone who has the patience to trade this way? This system I have developed produces very few signals, runs using a 30-40 point stop/loss but has produced almost 140,000 pips profit in ten years trading what I believe are the most profitable pairs. I've checked the backtest and it is fairly accurate, although I wouldn't say it hasn't had a few hiccoughs over the backtests, but for the most part, it is accurate. So is there anything out there that can trade this system without the emotions involved, which inevitably leads to unneccesary losses? Just think of the possibilities if there was a way somehow, someone could have taken these alerts over the past TEN years and traded ONE lot per each pair, you're looking at around 1.3 million USD profit in ten years. I think it's all about being slow and steady and having an executable system you believe in and trust. Any ideas out there about any of this? I am still wondering if this system is average, above average or below average. I have tried to find any others who have anything that performs this consistently OVER TIME, and varying market conditions, with these kind of results. Noone has yet to contact me with numbers like these. I'm not trying to brag. I'm trying to figure out if I have anything worth working on or if this is all just bogus or if I am perhaps onto something. Looking forward to any and all feedback and input.

[fxscalper90]

Originally Posted by 4xfool

My question is this: According to my many many backtested formulae, I have come up with this conclusion. Trading FOREX profitably performs best when it is not overtraded. But the dilemma is this: Is there anyone who has the patience to trade this way? This system I have developed produces very few signals, runs using a 30-40 point stop/loss but has produced almost 140,000 pips profit in ten years trading what I believe are the most profitable pairs. I've checked the backtest and it is fairly accurate, although I wouldn't say it hasn't had a few hiccoughs over the backtests, but for the most part, it is accurate. So is there anything out there that can trade this system without the emotions involved, which inevitably leads to unneccesary losses? Just think of the possibilities if there was a way somehow, someone could have taken these alerts over the past TEN years and traded ONE lot per each pair, you're looking at around 1.3 million USD profit in ten years. I think it's all about being slow and steady and having an executable system you believe in and trust. Any ideas out there about any of this? I am still wondering if this system is average, above average or below average. I have tried to find any others who have anything that performs this consistently OVER TIME, and varying market conditions, with these kind of results. Noone has yet to contact me with numbers like these. I'm not trying to brag. I'm trying to figure out if I have anything worth working on or if this is all just bogus or if I am perhaps onto something. Looking forward to any and all feedback and input.

"Trading FOREX profitably performs best when it is not overtraded. But the dilemma is this: Is there anyone who has the patience to trade this way?"

This much I can say...

The best profits in forex are made using the least risk and direct "market exposure" of your capital.

If there was any way to not ever be "in the market" yet to make money from forex then that would be the most desirable system!

Outside of that, the best system(s) will utilize patience and low exposure, maximizing gains.

Good observations, 4xfool, and good luck.

fx

[naz9403]

agree,
fewer trades, catch large moves, and trade off daily charts.

Less trades you make the less chance you have of failing.

[happy99]

What are the result for the past 2 years, that is, instead of 10 years, use 2 years. Like to see whether the profit is around 20% of 138,474pips.
I notice the max drawdown of 3300+pips for eurusd. Anyone can eat that

p.s The Euro is the new 'single currency' of the European Monetary Union, adopted on January 1, 1999 by 11 Member States

[4xfool]

Going to work on it right now. I noticed that HUGE drawdown too. Wonder if that was some kind of fluke or missing data since the stops were set at 35??! Perhaps a day of missing data led to that anomaly. I should have it backtested and up in a few hours. The thing I like about this system is that there are fewer entry signals, thereby fewer losses, bigger gains.

[birdjaguar]

4xfool:
It is good to know that your system is robust enough to have been profitable over the last 10 years, notwithstanding the issue with the EUR/USD drawdown. Your last thread, which I think was a test over three years is more meaningful in terms of the way these markets are trading now, as happy99 suggested. Also, if you cannot trade this system, you can always hire somone to trade it for you as suggested in another thread. So are you finished showing us backtested results? Let's see a month of demo on those pairs. You could do this with a mini account with minimal and predetermined risk (provided that the EUR/USD drawdown problem is fixed). It seems that you are using a trend following system. I can tell you that GBP/JPY will give you your largest drawdown and largest reward followed by GBP/USD. EUR/USD and USD/CHF trade inversly the same since changes have been made in recent years. There is no diversity in trading USD/CHF. The EUR/USD should have the least drawdown, especially considering that EUR is a basket of currencies. So what is your next move?

[4xfool]

The limitations on the timeframes are 1, 3, 5, or 10 years for Daily charts. I re-did the 3 year backtest and got 42,041 pips profit. Here's the screenshot. As you can see, the anomaly with the Euro is gone. I ran this with a 35 point stop/loss. Much more realistic losses realized.

[traderdesk]

Hi, Would you mind sharing the intelliscript code? Be careful of doing backtests especially if you are referencing one timeframe with another, this can construe false results.

Thanks...