Thanks for posting your system Sidus. I look forward in trying it.
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Quoting johng75DislikedThanks for posting your system Sidus. I look forward in trying it.Ignored
Quoting great*daneDislikedSidus,
Thanks a lot, I like it because it's simple (although I'm already working on making it complicated ).
Time will tell if I stick to it for longer, so far I'm trying it on a few pairs. There were a couple of signals today.
DaneIgnored
Quoting SidusDislikedYes, that's true. In a trend this is great. But the best results is when you get a counter trend. The crossovers often show an indication of trendreversal. But in ranging markets it wil just keep bouncing around.
That's the only part of the system that is not mechanical. You have to 'feel' if it is going to bounce. If the crossovers are 'stronger' and 'sharper' then it is more likely that it is not going to bounce!Ignored
Quoting SidusDislikedGood news to you all,
I'm succesfully (manually) backtesting my own system called 'The Sidus Method'.
In essence it is a combination between BGX and Vegas Tunnels.
I get great results with it.
You can find the pdf for downloading attached!
Please test it and send me your opions!
Thanks
SidusIgnored
Quoting ZachDislikedI'm not sure you can backtest a system like this. When you look back over the charts, you'll see several crosses that appear to be entry and exit points. These crosses followed through to some degree and usually produce winning trades. What you won't see, however, is when a cross occurred, then quickly reversed. When you look back on this event, it will not show that the lines ever crossed at all. When backtesting, you will not record this as an entry because you will not see a cross.
Ignored
Quoting great*daneDislikedI also noticed that... in manual backtesting you will miss some whipsaws. You would have to "replay" the chart without seeing what happened during next few bars. Although, at some point you may have enough experience to make correct predictions.
I wonder what could be used as an additional confirmation... maybe loooking at the next higher timeframe and comparing tunnel crosses with movements between fib levels, as in one of the Vegas methods? Wait, isn't this just one of the Vegas methods?...
Nonetheless, I gained a few pips testing it the last 2 days. But I lost them right away on a couple of bad Firebird trades
Happy trading,
DaneIgnored
Quoting brentmackDislikedSidus,
I've been trying your method for the past couple of days. It's a very promising tool - especially in a trending market.
I'm not a coder, but this would seem to be a pretty good candidate for an EA.
Thanks for sharing.Ignored
Quoting YardieDislikedI agree Brentmack. It would be nice to get an EA for this. Even in a ranging market once can get at least 10 pips per trade from the strategy.Ignored
Quoting SidusDislikedThat's true, in ranging market u should aim for 7-9 pips. It is not much, but it will prevent you from whipsaws.Ignored
Quoting Far From AverageDisliked7-9 pips? In forex? With an MA cross? You will sign your death warrent. Please, please, PLEASE do not trade this with real money until you've been consistently profitable for six months at the least. MA crosses are seemingly simple but nothing is ever that easy.Ignored