So I found this indicator out there in cyberspace for TOS & took a look tonight.
It looks like it works quite well actually.
Now, as a newer-newbie, I would’ve seen how perfect the picks of tops & bottoms looked, and ignored the drawdowns needed to weather the trades shown. I’ve learned my lesson since those days & have given it further scrutiny.
With the yellow trendline, I mapped out exactly where the ACTUAL entries/exits would be on the candle following the signal that’s candle has closed. I found one losing trade (1st one on the chart…) Over one month it’s seemed to generate just shy of 4000 pips.
Maximum drawdown seemed to be apx 100-200 pips each directional switch.
Would love feedback on how this looks. The more eyes the better. If anyone gets a different figure, I’d love to hear.
Couldn’t make picture small enough & still be discernible so I had to link.
It looks great… But the problem with indicators like this is that they usually only work in certain market conditions. 
How far back have you backtested it?
EDIT: Here’s a clickable link to the image…
B-SStrategy-740128.bmp (image)
hahaha, thanks Phil.
Ahead of me.
I merely began tinkering today. The period I covered is one month. Nowhere near enough to go live.
Wondering if anyone’s used similar styles who could warn of pitfalls.
Thanks!
So, in watching this indicator live, it seems the lag is about 3 candles.
12 hours on a H4 chart.
I suppose it could be useful if price is attractive for the setup when the signal occurs, but if the move has already ‘left the station,’ I could see this being a frustrating thing to use.
Where do you get the study file?
i search the net regularly for:
’ thinkscript strategy ’
do the same & you’ll find a bunch.
this may sound silly but i cant seem to find how many pips are in the tos charts. in mt4 all u have to do is drag the crosshair for pip amount. how can i find them in the tos charts simply?
