Forex trading strategy #5 (5x5 Simple system)
Submitted by Edward Revy on February 28, 2007 - 15:46.
Just look what this trading strategy has to say. It's a simple yet quite promising Forex trading method. Trading strategies like this can only be discovered through a long and determined observation of the price behavior.
To start:
Currency: ANY
Time frame: 1 day
Indicators: 5 SMA, RSI 5
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Hey Edward,
How do you perform your testing? Is there a way we could see the results of your tests, I'm particularly interested to see the results of this strategy (for daily charts).
Regards,
Pasi
Hi Pasi,
For testing I hold a small live account, where I trade mini lots.
I'd be more than happy to post testing results, however, since I run numerous test and experiment with different strategies simultaneously there will be no individual data for any particular strategy.
We try to encourage users to test run Forex systems on demo accounts, that's the only work they are required to do after having the system rules on their hands.
Kind regards,
Edward
Hey Edward,
I've been testing some of the strategies with small bets and received actual results, however, the sample size is still relatively small. In addition, from the graphs, I've seen how they have worked in the past six months.
I feel this is not the proper way to test, I would be more convinced if the strategies would be tested against data of several years by a software. My own experimenting can give good results in the beginning, but I might be dealing with a system that has a negative expectancy. Do you have any test data about the strategies mentioned on this site / are the systems backtested using several years data ?
Best Regards,
Pasi
Hi Pasi,
I don't have the data about the systems being back tested by a software for several years back.
I know that without such data I have little chance to convince you or anyone else with the profitability of the systems, but this is also something I have no real time for. Please understand me correctly.
I have traded with the systems posted on the website live: some for several years, some for 7-9 months. I saw them working, that's why I offer it to others.
I leave it to traders to test backward and forward the systems they choose.
Sorry if it sounds disappointing in any way, but I hope you understand my position.
Kind regards,
Edward
Hey Edward,
Thanks for your reply, I understand.
Best Regards,
Pasi
Smooth or simple?
simple
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