Would be interested to see how no SMA filter would affect your results. Curious is all.
TP thing worries me though. Reason: in my live trading experience with this thing if you don’t TP on RSI(2) signals then most times the trades go against you almost immediately. Sometimes they do turn and go to greater profits (and it’s also VERY true that sometimes and after you’re out of the trade on an as advertised TP the trade goes to the moon). And with reference to the trades going against almost immediately: sometimes that even results on you getting what would be new valid as advertised signals to get into another trade (assuming you were not already in one). Believe it or not: this is the “debauched methodology” that I used on Gold last year!!! Suffice to say it didn’t work. Badly. But alright: that was before the implementation of stops as we now have.
Indices also have spreads same as any FOREX pair and they’re also variable. Trick I’ve found: as it’s impossible to know at any given time what the spreads will be and when attempting to do any calculations that need spread data I wait for the weekend when the broker is closed. Those spreads that are then showing for each instrument are what I take as “the norm” for a spread at that broker on a particular instrument. Just a bit of useless information.
But I do have to keep reminding myself of two things here. As Sir Connors says there are many different ways to trade this (and which you yourself have pointed out to me of course). And I’m trying to stick to the one size fits all as advertised system as closely as possible as I don’t want to go down the optimization rabbit hole. So maybe take much of my input or thoughts with a grain of salt given that, as I say, we’re coming at this from two different angles. Both of which are profitable from what I can see anyway. So far as I can tell too: your gains on a single instrument are greater than mine would be but my shotgun approach over a basket of instruments being traded at any given time MAY compensate to a degree. I guess what I’m saying is that your (what appears to be on average) gains of let’s say around the 25% mark per annum seems to bear out my own results for the last few years on a per instrument basis. Obviously multiply that by ten or twelve different instruments (and include some of little opportunistic break the rules trades now and then e.g. those Tier 0 signals) and, well, there you have it. I THINK!!! LOL!!!
But. NICE NICE WORK Alistair.
If I may ask: what is your intention (finally) with this EA of yours??? You don’t have to answer publicly (if at all) if you don’t wish to. But I’m asking for a good reason.
I have actually been toying with the idea of starting forums again like those that were around back then. And also thinking about commercial value here for a variety of things. Fact of the matter is this: on just one thread alone I can account for tens of thousands of USD and GBP that have just been lost to trading and so-called courses etc. that have amounted to nothing for those traders. And here we have something that’s worth it’s salt (whichever way you slice it i.e. whether it be my approach or yours). So I’ve had a change in mindset. Why should I not be making something from this??? Everybody else is. And at least I know I’m not selling somebody down the river. And let’s face it: given my situation (and our exchange rate) $100 USD is a lot relatively speaking. Eight $100 USD and that’s my rent covered. See what I’m saying??? I suppose what I’m getting at is this: the system is WELL documented on this thread. So if somebody can work it out for themselves based on the information here well then I couldn’t be happier. But if not and further hand holding (or God forbid signals) are required: well, then, different story is the way I’m now starting to think. It wasn’t my intention at all when this all started here again. But in seeing a lot of these threads since starting to post here again: I’m starting to think I’m the idiot. Anyway and my point is: maybe forums what allow commercial content in which “anything TPS” is available (if you see what I’m getting at) would be the just the ticket. Not only for me and anyone else involved on the commercial side: but for traders as well. As usual: still a thought process and not quite finessed as yet.