The Cowabunga System

[tonymand]

PS has gone missing in action again so here are the updates for the last 6 weeks according to my results

[weijen]

hi tony, did you consider the news for this also, must be really hard work

i think ps usually gets out a few pips below the 00/50 target if a clean break is not made. while this system is supposed to be mechanical, it is for the entry, but certainly not for the close... closing will mean a difference btw 0.5R and 2-3R...

Originally Posted by tonymand

PS has gone missing in action again so here are the updates for the last 6 weeks according to my results

[tonymand]

Originally Posted by weijen

hi tony, did you consider the news for this also, must be really hard work

i think ps usually gets out a few pips below the 00/50 target if a clean break is not made. while this system is supposed to be mechanical, it is for the entry, but certainly not for the close... closing will mean a difference btw 0.5R and 2-3R...

Mostly I will ignore the news these days unless it is something that clearly causes major volatility such as NFP. I agree entirely that the close is discretionary and if you become good at reassessing potential as the trade unfolds you might well do very much better. My point in keeping this data and for that matter using my own mechanical system is a comparative against my returns from trading SR levels and to amass long term data sets so that I have something to fall back on if PA alone ever fails me

[weijen]

i've spent a couple of hours eyeballing 2009 results a 2 times over, and both times give about 2-3% difference for each month.

i used a mechanical close at round numbers (i do not trust myself to be able to wait for a clean break), and my results are half that of yours (the feb outstanding result relied quite a bit on clean breaks).

overall, still a compelling system for 2009. I think the biggest hurdle is not that this is not a good system, but that we must be close to a PC when the trigger comes vs other limit order systems.


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Originally Posted by tonymand

Mostly I will ignore the news these days unless it is something that clearly causes major volatility such as NFP. I agree entirely that the close is discretionary and if you become good at reassessing potential as the trade unfolds you might well do very much better. My point in keeping this data and for that matter using my own mechanical system is a comparative against my returns from trading SR levels and to amass long term data sets so that I have something to fall back on if PA alone ever fails me

[roxen99]

hi guys....i hv been using cowabunga for quite a long time and manage to collect some pips out ov it....bt i hv experienced that on 15 minutes graph the system is not quite efficient...during last two months i hv used this system on 30 minutes time frame and results were just amazing.my win ratio amazingly increased.m not pointing out drawback in the system .infect im just adding ma personal experience for u guys.just back test urself for varrification of ma statement.
remember me in ur prayers
m.adil shabbir
pakistan

[forexflo]

today it was a bad day for cowabunga systems,
for all currencies there where fakes with EMA5/10, even with GBP/USD
I'm rethinking about using a EMA 13 instead EMA10
I'm using the cowabunga system in an 1H chart.
it's great
a big THANK YOU for providing this system for free

[tonymand]

Originally Posted by forexflo

today it was a bad day for cowabunga systems,
for all currencies there where fakes with EMA5/10, even with GBP/USD
I'm rethinking about using a EMA 13 instead EMA10
I'm using the cowabunga system in an 1H chart.
it's great
a big THANK YOU for providing this system for free

There have been no entries today on this system

[tonymand]

Originally Posted by roxen99

hi guys....i hv been using cowabunga for quite a long time and manage to collect some pips out ov it....bt i hv experienced that on 15 minutes graph the system is not quite efficient...during last two months i hv used this system on 30 minutes time frame and results were just amazing.my win ratio amazingly increased.m not pointing out drawback in the system .infect im just adding ma personal experience for u guys.just back test urself for varrification of ma statement.
remember me in ur prayers
m.adil shabbir
pakistan

post your results

[weijen]

there was one at 16.7.09, 0600hrs GMT. A candle peaking at 1.6414. At that the end of the 15 min, on MT4, all were valid signals - rsi, macd, a crossover. am i missing something.

but it then switched back crossover the next candle, and went down for a loss.

Originally Posted by tonymand

post your results

[forexvcc]

Originally Posted by jamdownpipette

BigPippin,

I think this is an excellent idea. I just discovered baby pips a two weeks ago and completed the school at the end of last week. After having searched for forex education for over a month and hearing the cost of various packages I can't beleive the wealth I found sitting here free of cost. So many thanks to you and your crew for spending the time to put this together.

I started backtesting and since yesterday trading your system which I found very easy to understand. I'll be sure to update the site soon with some of my questions any results.

yes..me to..many idea make more pip..