ICC Forex System testing

strength in cable starting to spill over into €$ - shouldn't have taken that signal 5 mins before a data release like that, even if it wasn't a sterling cross
 
strength in cable starting to spill over into €$ - shouldn't have taken that signal 5 mins before a data release like that, even if it wasn't a sterling cross

phew, dollar recovering, partly down to gold not responding to its 25 minute drop there?
 
some insane stuff going on in €$ there - it's all Greek (bondsales) to me
Currently long £ & $ against Yen, since 11.00
 
tentative Buy on £$ there..but I can't see it breaking the morning's high
 
closed the £Y early for a 40 pip profit - will see how the system exit compares
 
tentative Buy on £$ there..but I can't see it breaking the morning's high

classic example of the charts knowing better than me - currently challenging the 61.8 fib, having advanced from the 50
 
tempting Buy on €$ now, with gold up..but I don't trust the € after this morning!
 
cable exited there (at the fib) for 30 pip profit
 

Attachments

  • temp.png
    temp.png
    10.7 KB · Views: 199
EOD pip report:
£$ +18,+30,-8,+27
€$ -19,+2,+7
€£ +3,+6, 0
£¥ +34,+28,+21
€¥ +38,-17,+4, 0,+7
$¥ +35,+4,+9

Grand total: +229 pips
Sounds great, but it's seriously skewed by the fact that I adjusted the exit strategy partly based on those 3 early Yen trades, so it's curve-fitting. Take those 3 trades out and it's a more realistic +120, which is still a very good day by my standards.
Remains to be seen how well it'll perform under other conditions.

Key: Vertical line on the left is 8am UK time
Arrows are Entries, Ticks are successful exits, Crosses are unsuccessful exits, Thumbs up & down are signals (and their exit) rejected through timing (e.g. lunchtime, or just before a major economic data announcement)
 

Attachments

  • April 13th 2010.jpg
    April 13th 2010.jpg
    133.3 KB · Views: 197
£¥ closed at 100 fib for 26 pip profit
 

Attachments

  • temp.png
    temp.png
    7.5 KB · Views: 194
"Out of clutter, find simplicity" ~ Albert Einstein

that's trading by correlation/comparison for sure!
 
Top