Yes backtesting on a daily bar with signals that come in at an hour or so past the open it is really innacurate. The only thing you can really do is set the trade times to around 6:30PM EST when you get the vp data and then backtest on hourly. but ...

VantagePoint discussion thread

You are right. I usually tend to put all my code in one cell rather than like you so I didn't bother to look further than the first test. My results were similar if i recall correctly. If you are ok with 3 pips a day I guess it could work. My other ...

VantagePoint discussion thread

CP, I looked at your file and there is one flaw: you are assuming the predicted low or high was met for the predicted day...that is not always the case. i have already done this test some time ago and if you like i can send you the actual results.

VantagePoint discussion thread

You may very well be right...It could be that stupid that nobody even thought to try it. There is maybe some statistical validity to this as markets do tend to range more often than trend....

Phoenix is here!

Hey CP, 2006 cannot be said to be the worst year at all. There was a lot of trending up to about mayish timeframe. The problem with this strategy is one the trend is over you start losing. And markets trend approx less than 1/3 of the time....

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Right, and what happens if those 3 hit you on your real account when you turn the EA on on live trading?

Phoenix is here!

Well I agree with you there may be periods it works..However the periods it doesn't work (and I believe those will come surely), it will blow up. If you notice recently the market does not know where to go. Once we get the trends from before it will ...

Phoenix is here!

Guys, sorry but you must be joking right...any system with an SL of 300 cannot be viable...THere will be an inevitable time when it hits 2 or 3 bad trades and that would be it...

Phoenix is here!

That's a great idea. You will probably want to write statistics to a file and read from it. Don't know how to do that in MQL. Hope that is possible.

Phoenix is here!

That's all fine and dandy but saying that the THREADS MUST GO! is a little on the totalitarian side...let people say what they want to say. if you don't like the thread then don't read it..simple as that

Central Banks Watch

Hey mono, I can literally give you 10s of systems that would book similar results with a SL of 300. That is not saying that Phoenix is not good system. I am not knocking the system. Just knocking the method that you are using All that needs to ...

Phoenix is here!

Hi Mono, thank you for proving that info but do you really think a SL of 300 is viable?? I can essentially make pretty much any system work at near to no loss in the short term. However it takes just a couple bad trades with that kind of system to ...

Phoenix is here!

My backtesting shows about 2.0 profit factor. Wonder if it has to do with the trade times. I think it would be much better to set the trade times to broker time rather than local as it would eliminate a lot of confusion.... And not to be a party ...

Phoenix is here!

whipsaws are possible...however how would you approach it any differently if you traded it manually. in my opinion straddles are just fine if used right. manual trading cannot match the precision of setting a straddle.

Central Banks Watch

You need to be a broker and licensed financial advisor to do this..Why would they go into that business?? Not to mention liability. There is no valid reason why they would do that. The disclaimer is totally to be expected.

VantagePoint discussion thread

[QUOTE=timaru69] It does work but is just one piece of the puzzle...I was about to toss it in the trash but I proved myself wrong. THat doesn't mean you cannot make money without VP - however it does add one more thing in your arsenal.

VantagePoint discussion thread

Exactly..If you could go back and pick and chose your strategies based on established patterns it is pretty easy. The fact is 70% or greater market is not in a solid trend and this strategy does not work. Otherwise we could use moving averages all ...

VantagePoint discussion thread

Which provider are you using? I am pretty sure CSIDATA is 24 hour data on forex cash pairs

VantagePoint discussion thread

Anybody With A Tradestation Account? — We need somebody with a tradestation forex account to do some intraday backtesting on our system. This will conclusively proove whether the system is viable or not as it will eliminate intraday ambiguity ...

VantagePoint discussion thread

Well it seems like it doesn't for forex cash as there *is no volume data*. If you are talking futures yes... Just open the mdbs and look for yourself. Also the forex cash is the first to update through CSIdata and forecasts are available without ...

VantagePoint discussion thread