Recent content by qwertyuiop1

I can confirm that Chris Chillingworh is indeed a scam artist. His system is a moving average crossover system using a stop of earby support/resistance. I mechanically backtested his system (I used 2ATR as a stop to allow it be mechanically backtested) over 11 FX pairs, over 9 years which...

THE obvious advantage of UK spreadbettng is that it is tax free. BUt ui read elsewhere some guy saying that the spreads are far bigger - and that if you use a non uk platform, while you would be taxed, it all basically evens out in the end as thei rother charges are so little in comparison. IS...

HI I am looking for a uk based spreadbetting firm that 4 hour candles close open at 2.00 pm, 6.00 pm etc (rather than 12.00 pm, 4.00 pm etc) (That is UK time I mean) Basically I want the 4 hour candles aligned with TradingView. I do know of brokers outside the UKL that have the candles at...

But I'm not a curve fitter. Nor should anyone be a curve fitter. All successful systems need to be robust.

You've made some interesting points for me to think about. I guess I want to avoid tweaking parameters too much to avoid curve fitting. But if the tweaks make sense and if successful over a similar sample size then the tweaks may well be valid. You may have missed it on my original post but I...

Ok - well if you're so smart then why don't you answer the question? To clarify - If I buy one lot contract size of EURUSD, then how much would I need to bet per pip with a spreadbetting firm to give me the same exposure? A previous poster said its the equivalent of betting £1 per pip. Do...

Ok. Don't worry yourself. Looks like you don't get a whole lot.

Wow ! What an irritating person you are mr keyboard warrior. So I'll give you a chance to guess it. Can you figure it out ?

Are you sure though? So what you are saying is that buying 1 lot is the equivalent of trading £1 per pip yes? If that is the case then you are correct. But what if 1 lot equates to £10 per pip in the spreadbetting world? Then that means if I go £1 per pip I would have made £8,000 - not...

Some guy gave me a system - but the results of his equity curve are based on 1 lot contract. (IT was for EURUSD future contract) How do I translate this into spreadbetting language? He made 80,000 pips over 2000 trades - but this meant buying 1 lot contract size per trade. If I instead buy £1...

Over what sample size is that out of curiosity and over what length of time are the results from? Also - may I ask what is your expectancy per trade in terms of R? (Not sure if you're familiar with the R concept)

Yes. Its interesting to get peoples feedback. Thank you for the feedback. I guess the main point of my post was that if you read any book on trend-following, broadly speaking you get the impression that if you manage your risk, cut your losses, let profits run etc. that really it is a...

May I ask (if not being too cheeky that is), given yours is a fully mechanical system, what are the rules you use? And what is the expectancy in terms of R?

Yes - I do see those bars. But like any system they only provide the entry. You still need to know - where to place stop -loss. - how to cut losses short - How to take profit. Basically you need to come up with a full trading plan - put the whole lot together and then backtest,. And until...

Well...I suppose that is my concern. I really like the concept of mechanical trend following - and I just assumed once I adhered to the basic principles then it would naturally work....but alas that is not the case. And at the end of the day, all trend following systems are broadly similar...