It is possible to backtest tick data using mt4. But i suspect steve is probably using another program. Either way, with proper tick data, backtesting is as accurate as forward testing, assuming perfect conditions.

Central Banks & Big Players

The philosophy is absolutely correct. However, the optimum SL for this strategy IS the minimum. TP point however, is pretty random, and I do look forward to your input on the matter. You miss the essence of this strategy, which lies in two crucial ...

Central Banks & Big Players

Dunno how to break it to you man, but that's optimisation.

Central Banks & Big Players

Like I said, I get what you're trying to do. I'm just trying to save you time by pointing out that the path you take will lead you to the eventual conclusion that it's not in the spirit of this strategy. I know because I've been looking at this for ...

Central Banks & Big Players

What you mean? The paramenters were set by you at 158 pips for TP and 50pips for SL. The EA takes in inputs as fractional pips. The accuracy of mt4 backtesting increases as your TP and SL become bigger. This "strategy" is actually pretty ideal for ...

Pure Risk to reward trade System - 1 to 3- Totally random entries

sorry, did that on my phone. What I meant was, you can't hope to catch all the trades that fall through by 0.1 pip or so. That's what I meant by extreme cases. Bear in mind that the entire strategy hinges on the tight SL. For a 2pip SL for example, ...

Central Banks & Big Players

you're not gonna get far curve fitting. missing the edge cases is the leap you have to take to take any strategy live.

Central Banks & Big Players

while i'm a fan of statistical data testing, that statement is just wrong. The data is important for you who are collecting it to approximate the trade's profitability. Not recording it just means they're pretty much using a blackbox method(tony's) ...

Central Banks & Big Players

So I was kinda bored this weekend and whipped up and EA for this I simulated trading this method for the month of july, and the results are posted in the CSV file. I had to generate the backtests seperately for the different currencies because ...

Pure Risk to reward trade System - 1 to 3- Totally random entries

So happy to see at least one person understood. I don't think I could have made the math any clearer. Somehow I got into an argument about beliefs while discussing math..

Pure Risk to reward trade System - 1 to 3- Totally random entries

There will come the point where u move the market, making you the big player you're trying to game

Central Banks & Big Players

Allow me...$280 per pip. Sl = 2.3. Risk = 280*2.3=$644 which is 0.64% of 100000

Central Banks & Big Players

already did if i recall correctly, ATR14 performed better in 2012-present in terms of minimising drawdown and variance while increasing EV, but took less trades, which meant a lower total profit. However if we test from 2010, the ATR14 version ...

Daily Break Strategy

sigh, you keep insisting on harping on side arguments that matter little. Ok fine, markets aren't moving randomly( even though the academics are still debating over it, apparently you already know the one true answer ) I could explain the context ...

Pure Risk to reward trade System - 1 to 3- Totally random entries

of course they don't affect each other. They are vector forces that determine the resultant force. I would also argue that dogs aren't cats, but being right about some arbitrary tangent argument i just made up doesn't help move this main argument ...

Pure Risk to reward trade System - 1 to 3- Totally random entries

sigh that's the exact opposite of what you're doing if the current is strong heading north, you're STILL flipping a dice and rowing south if it comes up. As for randomness, the meteorologist in his office may find the current entirely non random, ...

Pure Risk to reward trade System - 1 to 3- Totally random entries

1) again, it doesn't matter if it's non random because you're not utilising the non-randomness of it. You treat it as random by randomising your entries, and that's all that matters. That's not even the point. Attacking the assumption is a strawman. ...

Pure Risk to reward trade System - 1 to 3- Totally random entries

1) no idea. Of course, could just be likely to be a Poe. ( url ) In that case, I guess I'm just trying to pull you back from the brink. 2) now I'm REALLY interested to know how you do your MM 3) You cannot accuse me of cherry picking, and then ...

Pure Risk to reward trade System - 1 to 3- Totally random entries

It assumes market movement is a random walk(verdict's still out on that by the real pros : url ) *do note that even opponents of the random walk hypothesis say that any edge gained from non random walk markets comes from abusing information, which ...

Pure Risk to reward trade System - 1 to 3- Totally random entries

Now I'm starting to wonder if you're deliberately trolling. Money management does not take risk:reward into consideration at all. What are you talking about. It takes variance into consideration, which is a FUNCTION of risk:reward. Of course, you ...

Pure Risk to reward trade System - 1 to 3- Totally random entries