Help with Bunnygirl crossover strategy

[KarlUK]

Hi All,

Having read this forum for a while many people recommend the bunnygirl crossover strategy for beginners. I have a few questions for how to implement and test this strategy, any help would be appreciated. The strategy has been revised and improved since the paste below, however this is the strategy in its simplest original form which is better for me - an absolute beginner.

Strategy from Strategybuilder forum :
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Here is my strategy:
Enter short eur/usd 20 pips below the level of wma5 & wma20 cross.
Enter long eur/usd 24 pips (20 + spread) above the level of wma5 & wma20 cross.
Entry for usd/chf & gbp/usd is 30 pips below the cross for short, 35 pips (30 + spread) above the cross for long.
The waiting pips are a good filter for whipsaws.
Initial stop loss is the level of the cross.
I trail my stop loss at the end of every 30 mins, moving it to the extreme of the last 30 mins unless it was a longer than average bar, when I move stop loss to halfway up the bar. I also move down to 5 mins with same averages to help with better exit.
My first target is 30 pips, then 50 pips, then 100 + pips. Any suggestions on adding to trades & especially on exits would be much apreciated.
Bunnygirl
Run rabbit, run rabbit, run run run
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Q1, I want to backtest this system just to see if I can follow the system profitably. On www.babypips.com it says : "The fastest way to test your system is to find a charting software package where you can go back in time and move the chart forward one candle at a time. When you move your chart forward one candle at a time, you can follow your trading system rules and take your trades accordingly." Can anyone recommend to me some charting software that I can do this with? Preferably free but pay for examples welcomed also.

Q2, "The waiting pips are a good filter for whipsaws." Can anyone explain to me what this line means? Im very new and dont understand.

Thanks for all your help.

Karl

[ar1]

Not sure about the second question, but here's an answer for the first one:
Download metatrader 4 from www.meaquotes.net
Choose a currency, then go back where ever you want, and press F12 to move the chart candle by candle (make sure the 'auto scroll' and 'chart shift' options are off).

[Kingtrader]

Karl, waiting for the pips is just another way of saying "enter after 25 pips from the crossover", that's all. You really should spend some time on the thread.

There are a few documents that were compiled by a nice fellow. Sort of like "cheat sheets".

I've attached one here - not sure where the other one is. You'll be able to find it on the "wma cross" thread over on Strategy Builder. GO and post asking for these documents and I'm sure fxjourney, billm, or leutzero, tolero will respond.

Cheers,

Kingtrader

[Kingtrader]

here it is Karl:

[Kingtrader]

Man - I need some sleep! See if this is something you can use:

[Kingtrader]

Karl, I truly apologize for my computer illiteracy! If this doesn't work, you can find this at another thread on second page of threads at Strategy Builder called "Bunny Girl System Followers" (or something like that) Make sure you spend a great deal of time on the "wma cross" thread though.

[Prince_of_Pip]

I belive I can help with the second question... about whipsaws, which I have come to take as trading cycles that do not trend enough in any direction, giving your indicators ( My Parabolic SAR) false positives, or changes that if traded are so small they end up being losses. This is my personal definition, anyone else can correct me if they have a better understanding of whipsaws.

[stockwet]

Hi Karl,

ar1 is correct that the best way to test this strategy is through manual backtesting. There's an indicator for the BGX system that will make it easier to do this. Try this thread: http://www.strategybuilderfx.com/for...ad.php?t=13023. If you go to some of the later posts, you may find a more recent indicator.

Once you have the indicator going on a chart, just scroll back however many months you want to look at, then move forward, bar by bar, by pressing f12. As you do this, notice what the charts look like as the price moves. Try not to jump ahead as it will skew your perspective during live trading. You want to get accustomed to seeing how a trade progresses and moves. I've attached a screenshot so you can see what the indicator looks like.

Regards,

stockwet