kashifali3421
04-13-2016,
Right guys, i have been tinkering in excel for the past few days, hence my absence from the boards for a while, and have been testing the system put forth over on MoneyTec for trading GBP/USD
http://www.moneytec.com/forums/_show...edc81d90a4/_s-
bascially the rules are:-
take the price @ midnight GMT on monday
then put limit orders in to buy at this price + 50 , and to sell at -50
these are stop and reverse orders. so if the buy level is hit first, then the price reverses to hit the -50 level, then you stop out the BUY for -100, and activate a sell.
the stop for the reversed trade is the original BUY level (ie -100)
there are only 2 trades per week, one in either direction. therefore maximum weekly loss is -200.
all trades close at 1800 GMT on friday.
i have tried my best to backtest this, and i attach the results. for 2001- early 2003, it was just about profitable, but then as we move into late 2003/2004 it seems to have gone ballistic, as you can see from the equity curve.
i have taken my data from http://www.fin-rus.com/analysis/expo...g_/default.asp
and it (the data) looks a bit ropey (and im sure ive made some errors in my coding), but 140-odd trades should give a fair indication of the merits of the system.
drawdown is manageable, if not too decent, and the win rate is definitely useful (if a little distorted by the 2004 performance)
http://www.moneytec.com/forums/_show...edc81d90a4/_s-
bascially the rules are:-
take the price @ midnight GMT on monday
then put limit orders in to buy at this price + 50 , and to sell at -50
these are stop and reverse orders. so if the buy level is hit first, then the price reverses to hit the -50 level, then you stop out the BUY for -100, and activate a sell.
the stop for the reversed trade is the original BUY level (ie -100)
there are only 2 trades per week, one in either direction. therefore maximum weekly loss is -200.
all trades close at 1800 GMT on friday.
i have tried my best to backtest this, and i attach the results. for 2001- early 2003, it was just about profitable, but then as we move into late 2003/2004 it seems to have gone ballistic, as you can see from the equity curve.
i have taken my data from http://www.fin-rus.com/analysis/expo...g_/default.asp
and it (the data) looks a bit ropey (and im sure ive made some errors in my coding), but 140-odd trades should give a fair indication of the merits of the system.
drawdown is manageable, if not too decent, and the win rate is definitely useful (if a little distorted by the 2004 performance)