I appreciate the depth of knowledge represented by the members of this forum and am requesting your assistance with a reality check. Ultimately, I want to answer one question: “Should I pursue this trading strategy?”. By “pursue” I mean (1) analyze the remaining data available (a non-trivial task), and (2) learn to code (also a non-trivial task) so that my trading is hands-off and not subject to human psychology.
Trading platform: OANDA
Time period: Jan 2005 - Dec 2010
Entry: Based on one indicator–Hull Moving Average
Exit: Based on my own analysis of slopes of lines
Results: So far, 12,517 pips (175 pips/month average)
A little deeper dive.
Avg duration of long positions: 11.1 days
Avg duration of short positions: 6.2 days
Max duration of long positions: 142.2 days
Max duration of short positions: 62.0 days
Avg extreme in opposite direction of long positions: 164.0 pips
Avg extreme in opposite direction of short positions: 135.0 pips
Max extreme in opposite direction of long positions: 514.8 pips
Max extreme in opposite direction of short positions: 696.2 pips
(Have a few graphs, but unable to upload as a new user.)
Am I on to something–or am I on a fool’s errand?