Whenever you draw the ranges on the 4hr TF, those same ranges should also appear on the 15min TF. So when you are following the price on the 15 min TF, you should make sure that you are within the 4hr TF ranges. Then if the price in the 15 min TF ...

Power of Two System

Yeah, as PaulScaff1 stated, you should continue taking trades within an established 4hr range as long as that range remains. So if the range is particularly large, and the price is just chopping around (i.e. not trending), you might find yourself ...

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Perhaps if you could post a few screenshots of typical trades that you take, your methodology might become clearer to us. For instance, this sentence isn't clear: "When the price is within this H4 range, I don't open trades". By definition, ALL ...

Power of Two System

Hey Haz: I had detailed out how the ranges are drawn in post 320. It isn't as straightforward as simply using the most recent fractals. The difference is big enough that the resulting trades would likely not have a meaningful similarity. Kindly ...

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Perhaps. We need you and HazHazHaz to try and break down your strategies here. Like, what process are you two using when drawing those 4Hr ranges? How do you ensure that the process is completely objective (i.e. no discretion)? Do you simply draw ...

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Your trading system is significantly different from the TPOT because of how you are redrawing the H4 range. It means even if I were to backtest within the same time period, my results wouldn't have any bearing to yours. So if you continue ...

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Haz, what time zone is the server of the broker you are trading with in? I have the options of using GMT or New York Close in my simulator. The New York Close system isn't a fixed offset from GMT: rather, it simply ensures that the trading day ends ...

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Did you use a simulation software? If so, do you have an analysis of those trades you took for June: how many trades in total, how many trades won, the longest winning streak (consecutive wins), and losing streak, maximum drawdown from a peak, etc? ...

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By the way, you could use FXBlue Simulator on Metatrader, if you want a completely free simulator. You can download this simulator here. It is completely free. I think you only need to register with the website to get download access. You can watch ...

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Thanks for your feedback. Continue doing more backtests. I consider backtests to have statistical validity when they are at least 100 trades. But in this TPOT system, due to its high risk reward ratio, and the high advertised win ratio (between 40% ...

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Hey Haz. Questions: 1. What tiime period did you backtest? 2. How many trades did you take during that backtesting period? 3. Have you tweaked the system in any way - like by not taking counter trend trades, or not taking extended sweeps, etc?

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Has avoiding trades around red news improved your win rate to the point of making the system viable? Have you backtested this enough?

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Yes, that's okay: we can communicate more tomorrow. I'll send you a PM in the meanwhile. If I learn more from you that I can share with this thread, I'll do so with your permission. Edited to add: That's a pretty good equity curve you have there. ...

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Even those results for only 9 weeks are very impressive. Like I had stated before, I haven't found a single month in my backtests where the net was a profit. They are all ending as net losses. So it's possible you are doing something that's making a ...

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2 or 3 trades a week are fine, if the win rate can be improved. Listen, which software are you using for your backtest? If it is Soft4fx, then you could send me your backtest simulation file, and I can go through those 24 trades you've taken, and ...

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Wait. At the start of the year? Were you aware of this trading system in January? Also if there are other considerations you've incorporated into your analysis that haven't been mentioned elsewhere, kindly continue sharing them. About those two same ...

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Thanks. I'm waiting for El to share with us what analysis they are doing to get such spectacularly good results .

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Hey El: Are you using any additional analysis or consideration that hasn't been described in this thread so far? Because your results look very different from what I'm getting. I haven't yet backtested the period you've specified here, but I have ...

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We need to pool more results together and really get to know whether this system has potential or not. So far, it doesn't look promising.

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Do keep us updated on how the forward testing turns out, Paul. Personally, I find backtests to be quicker and more efficient, and they involve less emotional investment. See, in a forward test, you might start just when, by sheer luck, there are ...

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