EDIT - One of my fellow traders discovered a flaw in my testing. So it is most likely that this back test is flawed and would never work on a real account. I have posted the EA in another forum to see if an folks in FF can make it real. http://www.forexfactory.com/showthread.php?t=540091
If was a fun exercise though!
I've been on this forum a long time and seen alot of strange things. Learning different things from so many different people from all walks of life. Using those tips and tricks and what I have gathered on my own research, I started creating my own MT4 expert advisers. To date, I have designed EA's, indicators, systems, etc.
I will be the first to admit that each of the trading systems I have designed failed at some point. Martingale Trading systems eventually blow an account, Time Based Trading does not hold up to the test of time (no pun intended). Lately, I started playing with the basic indicators that are included with MT4.
I settled on the MACD. With it's crossover, I created the 4th version of my Expert Adviser which I called FX Rogue Wave. I was designing a horizontal channel breakout EA and thought the name was fitting. While playing around with the settings, I came across the perfect storm of settings (at least for me).
Low starting balance. Back test is starting $100.00.
Should work on any broker. I tested on FXCM at 1:50 leverage with NFA and FIFO rules in place.
No Martingale
5 year back test results with solid equity curve
This is a 1m timeframe so 25% is the best I could get. I can move to other time frames and it works also, but fewer trades due to longer time frames but still very profitable.
I'll let the results speak for themselves. The Strategy Tester report from MT4 was 168mb in size. So I am just posting a screen shot here.
To be honest, I was surprised by the results. So I thought I would share them here. I am not sure what I am going to do with this. Most of us know that back test data does not always correlate to forward test data and forward test data rarely will correlate to Live real money accounts.
So, beginning soon, I am forward testing to see how it does and what additions I need to make this work (at least in some form) in a real money account. Results like this I can't give up easily on. Would you not agree if you were me?
If was a fun exercise though!
I've been on this forum a long time and seen alot of strange things. Learning different things from so many different people from all walks of life. Using those tips and tricks and what I have gathered on my own research, I started creating my own MT4 expert advisers. To date, I have designed EA's, indicators, systems, etc.
I will be the first to admit that each of the trading systems I have designed failed at some point. Martingale Trading systems eventually blow an account, Time Based Trading does not hold up to the test of time (no pun intended). Lately, I started playing with the basic indicators that are included with MT4.
I settled on the MACD. With it's crossover, I created the 4th version of my Expert Adviser which I called FX Rogue Wave. I was designing a horizontal channel breakout EA and thought the name was fitting. While playing around with the settings, I came across the perfect storm of settings (at least for me).
Low starting balance. Back test is starting $100.00.
Should work on any broker. I tested on FXCM at 1:50 leverage with NFA and FIFO rules in place.
No Martingale
5 year back test results with solid equity curve
This is a 1m timeframe so 25% is the best I could get. I can move to other time frames and it works also, but fewer trades due to longer time frames but still very profitable.
I'll let the results speak for themselves. The Strategy Tester report from MT4 was 168mb in size. So I am just posting a screen shot here.
To be honest, I was surprised by the results. So I thought I would share them here. I am not sure what I am going to do with this. Most of us know that back test data does not always correlate to forward test data and forward test data rarely will correlate to Live real money accounts.
So, beginning soon, I am forward testing to see how it does and what additions I need to make this work (at least in some form) in a real money account. Results like this I can't give up easily on. Would you not agree if you were me?