Topic: User strategy: Opposite Signals
Hi there, this is my first forex strategy, check it out, maybe you can take profits from this right now, it is designed for a market that has a strong descendend trend line and (GBP/USD right now)
please backtest it and you tell me about
Forex Strategy Builder v2.9.1.0
Strategy name: Opposite Signals
Exported on: 20/09/2009 01:47:34 a.m.
Market: GBPUSD 30 Minutos
Spread in pips: 1,79999995231628
Swap Long in pips: 4
Swap Short in pips: 4
Commission per lot at opening and closing in pips: 0
Slippage in pips: 0
Maximum open lots: 4
Entry lots: 1
Adding lots: 1
Reducing lots: 1
Intrabar scanning: Not accomplished
Interpolation method: Escenario pesimistico
Ambiguous bars: 1
Tested bars: 19974
Balance: 1727 pips (2726,60 USD)
Minimum account: -194 pips (806,20 USD)
Maximum drawdown: 424 pips (424,40 USD)
Time in position: 10 %
A same direction signal - Adds to a winnig position
An opposite direction signal - Closes the position
Permanent Stop Loss - -100
[Opening Point of the Position]
Price Move
Enter long after an upward move
Base price - Open
Price move - 18
Use previous bar value - No
[Opening Logic Condition]
Bears Power
The Bears Power crosses the Level line upward
Smoothing method - Exponential
Smoothing period - 23
Level - 0,0000
Use previous bar value - Yes
[Opening Logic Condition]
Long or Short
Open short positions only
[Closing Point of the Position]
Take Profit
Exit at the Take Profit level
Take Profit - 25