Chinook's EUR/USD (E/$)Mumblings

Just kidding-- I'm gone mechanical. After some intense number crunching and testing for about 10 days, I was able to convert my intraday Euro FX trading ideas into a mechanical system. The results are stable over the Sep and Dec 2004 contracts. I'm getting an expectancy of about 0.30 with 40% winning trades and 2.3 Win/Loss ratio. The equity curve (Net profits)/(Max Drawdown) ratio is about 3.5.

The system trades only during the US session starting at 8:40 am EST. It only takes trades in the daily trend direction. Max loss for each trade is 11 ticks and profit target is 38 ticks. After initial entry and 11 ticks, an adaptive trailing stop is used. Also, position is doubled after a certain amount of profit and entry conditions. This scaling in improves the equity curve (Net profits)/(Max Drawdown) ratio and makes it more robust.

The system gave me an average of max 10 consecutive losers and 5 consecutive winners so I know what to expect.

I tested this exact system with no parameter change on the Japanese Yen and it gave me even better results! A modified parameter version breaks even on NQ and even makes money on ED with very short time-frame trades. I believe that the system is robust since it's quite stable over different products. Now hopefully, I can be "the house" on the roulette table :)
Since the system behaves well on different product classes, I named it "The Global System" :)

My next step will be to fully automate this by interfacing Tradestation and IB. I'll be using HyperOrder for this but I'll wait for their next release. My ultimate goal is to trade multiple products fully automated using this system. I think my seven year long journey is finally paying off.
 
Quote from Andy62279:

goodluck chinook, I completed my new system as well. I begin next year :D
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Good luck to you too. Is is an intraday system? Are you automating it?
 
Quote from chinook:

Good luck to you too. Is is an intraday system? Are you automating it?
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yep, but it's more of a position type strategy for the pound. Pound is very volatile and it makes clearer pictures than euro. I am not automating it because I don't know how. It would be very convenient though. Since it won't be automated I'm just preparing my mind to begin trading again :D
 
chinook,

do you have enough data to know the system is profitable? I hear 300 entries is good enough to know if a system is profitable or not. For me, 2 yrs of data is barely over 300 entries... but I went the extra mile and did 3 yrs of data.

Took me several months to complete...
 
Is there anywhere i can DL EUR/USD data? I wanted to take a look on a daily chart going back a few months. Fores is really only good for short term.
 
Quote from Andy62279:

chinook, does fundamentals play a role in your system? Just wondering how that could be backtested. Mine is pure TA and performs well
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No fundamentals. My idea is that fundamentals will be reflected in the daily chart trend. And the system trades intraday only in the daily trend direction.
 
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