Topic: tricky USDCHF 1Hour more than 9800 pips

Forex Strategy Builder V 2.2.1.1 Beta
Strategy name: tricky USDCHF 1Hour more than 9800
Exported on: 12/9/2006 11:16:33 PM

Market: USDCHF 1 Hour

Balance: 9816 pips
Min account: 0 pips
Max account drop: 683 pips
Time in position: 39 %

Add to an open position

[Open] Fibonacci
     Logic Continue
     Sensitivity 13

[Filter] ADX
     Logic The ADX value is rising.
     Smoothing Method Exponential
     Period 9
     Level 0
     Use previous bar value. True

[Close] Day Close


Yes, yes, its look perfect!!
Check it! Test it! Recalculate it!
Do what you want, but don't try it on the real market.

http://forexsb.com/img1/tricky.jpg

Re: tricky USDCHF 1Hour more than 9800 pips

Forex Strategy Builder V 2.2.1.1 Beta
Strategy name: Another fake example
Exported on: 12/10/2006 11:16:45 PM

Market: USDJPY 1 Hour

Balance: 15658 pips
Min account: 0 pips
Max account drop: 385 pips
Time in position: 99 %

Don't add to an open position

[Open] Fibonacci
     Logic Continue
     Sensitivity 15

[Filter] MACD
     Logic The MACD Line is greater than zero.
     Smoothing Method Exponential
     Base Price Close
     Period Slow Line 2
     Period Fast Line 12
     Period Signal Line 9
     Use previous bar value. True

[Close] Close and Reverse

http://forexsb.com/img1/fake.jpg

Re: tricky USDCHF 1Hour more than 9800 pips

The strategy mentioned above, uses the indicator Fibonacii retracement. This indicator is based on the Zig-zag indicator to calculate the tops and bottoms. And here comes the big problem. The zig-zag indicator moves the signals.
What do I mean?
For example: If there is a rising market and after a pick the price fall down rapidly, the Zig-Zag indicator forms a Top. The Fibonacci places the zero level and starts counting downwards 38.2%, 50% ... together with the price. If we have Logic Continue when the price reach the 38.2% line, we enter into a Short position. If the market continue its fall there is no problem, but if the market turn up and form a new pick in a short time. The Zig-Zag removes the existing signal and places new top higher than the previous. And, what to do now? We are short on the market, but the history test doesn't calculate this loss.

We can't correct this by changing the logic. The method of calculating the Zig-Zag indicator is wrong.

The solution - DO NOT use Fibonacci or Zig-Zag !

Re: tricky USDCHF 1Hour more than 9800 pips

New idea for a fixed Swing points which will leads to a fixed zigzags , fixed zigzags will help to use lots of indicators that repaints  like ( fibonacci , reversal point,………..10s of indicators )

The idea to put a fixed conditions for the swing logic to accept the swing as a valid swing  , these conditions  can be
1-minimum accepted price move percentage or pips  and/or
2-minimum Number of bars ex( not les than 3 bars )

So if this could be implemented  it may used as a logic used in a new Fibonacci indicator  and also could be used  alone ( as a separate  indicator )

Regards

Re: tricky USDCHF 1Hour more than 9800 pips

http://s2.postimage.org/27fp0i5lw/Swing_Logic.jpg

6 (edited by Norman 2011-09-24 18:48:55)

Re: tricky USDCHF 1Hour more than 9800 pips

Strategy is stunning and if works on the real circumstances then abnormal profits are guaranteed. I have also check it with fake data and shows the similar results.

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Re: tricky USDCHF 1Hour more than 9800 pips

а где сам файл стратегии-выложите

Re: tricky USDCHF 1Hour more than 9800 pips

Fibonacci indicator was removed from Forex Strategy Builder. The reason was that even experienced forex traders blame FSB for false backtests instead reading the description of the indicator.