TopIQ's blog

[TopIQ]

Fundamentals are DEAD, TECHNICALS REIGNS SUPREME

:clap:

THAT'S RIGHT...

You cannot trust balance sheets these days and regulators refuse to enforce the law and the number of companies having to restate their earnings...

IT'S DISGUSTING 😡

Hold on while I THROW UP :-0

Technicals on the other hand are a god send 😀

WHY... Because PRICE and VOLUME are transparent.

Relative price action and volume tells us the real story.

follow price and you will make money, have an opinion on the market other than price action and you will lose money.

 

[TopIQ]

Recent Trading History

This is a good example of what YOUR trading account should look like...

SMALL LOSSES and BIG PROFITS 😀

 

[TopIQ]

Backtesting - WORST SYSTEMS EVER PART1

Here it is... the worst system I've come across

WORST SYSTEMS

SMA System with Pullback

void run()
{
installTimeBasedExit(2);

Series SMAclose2 = closeSeries().SMA(2);
Series SMAclose5 = closeSeries().SMA(5);
Series SMAclose30 = closeSeries().SMA(30);
double lc = 0.93;
double sc = 0.93;

for ( Index bar = 1; bar posPrice AND
pos.isLong())
sellAtMarket( bar + 1, pos, "Sell at Market" );

if ( open(bar+1) sc*SMAclose30[bar] )
{
for (Index j=1; j<31; j++ )
{
double sf = 1.25 + ( j * 0.005);
double sp = SMAclose2[bar]*sf;
shortAtLimit (bar + 1, sp, 1000, "ShortAtLimit");
}
}

}
}

PERFORMANCE :-0

PERCENTAGE GAIN - MINUS 91.5%

MAX DRAWDOWN - MINUS 93.9%

HORRIBLE ABSOLUTELY 'ORRIBLE