To, Elang
Let me shower words of praise n appreciation for the simplicity of your trade system n your great big generous heart of supplying your trade info along with your suplimentary comments n advice. God bless you n keepup the good work for ages to come.
As for me i was a beaten stock n option trader, so i m well versed with technical indicator
I happened to back test your system on 15m frame for 15 days of 2004 on
www.forexpractice.com, its lousy, (unless u can recomend somthing better) my observation below
1. I have been working on the american sesion n i noticed entry n exits every hour in the range of 10/30 pips averaging more then 100 pips in one sesion consecutively by just following the ebb n flow
2. I have been using EMA's, MACD, RSI only as for stochs they seem a little confusing n also causing delay in decisions
3. i get earlier signals on the RSI with followup with EMA 5/10 crosover ( i find the RSI better n easy to visualize on graphs as compared to histogram)
4. I get earlier exit signals on the MACD followed by EMA 5/10
sugestions
If we can get 4 people to back test euro, swiss,london n jap sesions individually n discuss observation on the forum for harsh criticism/advice from our community, it would make us wise n wealthy
Elang without your support n encouragement this proposal will be a no show n no go so your participation is absolutely nessasary