ICC Forex System testing

This is a discussion on ICC Forex System testing within the Trading Journals forums, part of the Reception category; Originally Posted by GMP £₯ closed for +15; €£ bought €£ closed at -8; wrong entry...

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Old May 4, 2010, 4:59pm   #301
GMP
Joined Sep 2007
Re: ICC Forex System testing

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Quote:
Originally Posted by GMP View Post
£₯ closed for +15; €£ bought
€£ closed at -8; wrong entry
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Old May 4, 2010, 5:10pm   #302
GMP
Joined Sep 2007
Re: ICC Forex System testing

GMP started this thread Mark of a decent system is one which keeps you in on a trending day (like today) and which minimises your losses on a sideways/choppy day. This system does the latter fairly well, but misses out badly on some very simple moves. Should've done better today, so I'm going to have to do more tweaking.
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Old May 4, 2010, 6:01pm   #303
GMP
Joined Sep 2007
Re: ICC Forex System testing

GMP started this thread EOD Pip Report:
£$ -23
€$ +23 -3 +8
€£ 0 -12 -8
£₯ -14 +15
€₯ +9 +5 +42

total: +42

Could've made one trade and saved a whole load of time treading water! Not convinced this system's any good. Will evolve it a little further and see what happens.
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Old May 6, 2010, 10:21am   #304
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Re: ICC Forex System testing

GMP started this thread short £₯
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Old May 6, 2010, 10:42am   #305
GMP
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Re: ICC Forex System testing

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short £₯
closed at -14
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Old May 6, 2010, 4:47pm   #306
GMP
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Re: ICC Forex System testing

GMP started this thread looking at some big moves on the table now after alot of sideways chopping - good day for system testing
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Old May 6, 2010, 4:55pm   #307
GMP
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Re: ICC Forex System testing

GMP started this thread take 100pips when it's available; it may go further but when wouldn't you be happy with 100pips? 50% retracements happen quickly.
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Old May 6, 2010, 5:22pm   #308
GMP
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Re: ICC Forex System testing

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take 100pips when it's available; it may go further but when wouldn't you be happy with 100pips? 50% retracements happen quickly.
Unless it's election day in the UK, when it may drop another 100... but that's once every 5 years!
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Last edited by GMP; May 6, 2010 at 5:36pm.
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Old May 6, 2010, 5:51pm   #309
GMP
Joined Sep 2007
Re: ICC Forex System testing

GMP started this thread Absolutely ridiculous moves this afternoon. Election day speculation on Sterling is now beefing up Greek fears around the Euro. Could be some big bouncebacks in the coming few days when reality re-asserts itself.
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Old May 6, 2010, 6:53pm   #310
GMP
Joined Sep 2007
Re: ICC Forex System testing

GMP started this thread EOD Pip Report:
£$ -14 +100
€$ -26 +37 -9
€£ --
£₯ -14 -10 +100
€₯ 0 +100
$₯ --

total: +264*

*In retrospect, it wasn't a very good idea to be testing a trading system on UK Election Day. Anyone shorting sterling today will have made a killing regardless of how good a trader they are or how good their system is. These results are skewed by some exceptional moves this afternoon - a more usual day might've seen something alot closer to break-even after the earlier trades.
On the plus side, the entries got me in on the big moves and the exits didn't knock me out way too early, so it's a good start for the last incarnation of this system but it needs to be seen in context.

Key: Vertical line on the left is 8am UK time
Arrows are Entries, Ticks are successful exits, Crosses are unsuccessful exits, Thumbs up & down are signals (and their exit) rejected through timing (e.g. lunchtime, or just before a major economic data announcement) or through poor personal judgment.
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may-6th-2010.png  
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