Day Trading & Forex Forum

tomjack

Can anyone test this system on TradeStation for me and let me knwo what the results look like?

[X] Money Management stop 1500

[X] Profit Target 1500

[X] Close all trades at end of day session

input:len(5)

if t=sess1firstbartime then begin

if c >=waverage(c,len) then buy on OpenD(0)stop:

if c <=waverage(c,len) then sell on OpenD(0)stop:

end;

new_trader

They look UNBELIEVEABLE I think this is THE Holy Grail! I'm going to start trading it today!

__________________
"It always pays a man to be right at the right time."
-Jesse Livermore

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N.B: Most of my views, advice and opinions are based on short-term trading.
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TWI

Will lose money.

Also if both statements have = then when c = waverage what do you expect?

__________________
"I refuse to tiptoe quietly through life
only to arrive safely at death"

tomjack

right, take out the equals

mr_cassandra

You should find a way to do it yourself. As you've probably seen on the boards, you get naysayers, jokers and so on when you ask a legitimate question. Whether you're idea is viable or not, pithy responses won't help you evaluate it.

I do all my own in excel so I'm not much help to you unless you're good with excel.

There are several widely used baktesters out there: amibroker, wealthlab to name a couple.

If you have any interest in excel backtesting, you can get ideas from the free sample file at my yahoo group.

http://finance.groups.yahoo.com/group/mvpsignalsystem/

Regards, Steve

__________________
You CAN make money with mechanical trading systems, after confronting three key points.

1. There can be no perfection, the goal is to capture as much as possible, with an imperfect system.
2. There will be drawdowns and losers, the key is to pursue point one while keeping drawdowns and losers endurable.
3. You will find many people here who think this can't be done...drive AROUND them.

tomjack

Hi Steve

Thanks for the sincere advice.

Tom

Davidee

Can you explain the system in english please, if you can and you can post some futures data I could probably test it in Access for you and I'll post the results. I'll export the results to excel.