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- mwilkinw replied Feb 11, 2007
Hey Ilanr! It does seem to miss trades with those parameters... I manually backtest and trade live with the following parameters... give it a look. SL50 TP 100... However... when I enter a trade, I either get out by my TP getting hit or when the ...
- mwilkinw replied Feb 11, 2007
Hey Mikhail! No problem I love that fact that you're in development of implementing the kelly... I can't wait to see the results. W/L refers to previous trades... the only time the kelly is computed with current equity during trading is when you are ...
- mwilkinw replied Feb 11, 2007
smjones! I like the spreadsheet... an easy way to calculate. Although this is the normal kelly percentage... you can change your leverage to receive a half-kelly result! I use 80%-Kelly Value... can that be input into excel? Thanks for the tool! ...
- mwilkinw replied Feb 11, 2007
Hey, No Problem, Your Welcome! THANK YOU for your EA's you're the man! Like you I usually do all of my backtesting manually.. there are always trades that your eye would take that the automatic back test misses. I calcualte my percentages manually ...
- mwilkinw replied Feb 11, 2007
Hey Ilanr! Thanks for doing some of the clarifying for me! The Kelly formula is a great formula for traders That formula is correct. The kelly formula allows you to figure out your position size based on past performace. (that is why I like ...
- mwilkinw replied Feb 10, 2007
Hey BearPaw! Yes! I used a derivation of this sytem for a couple of months... it was a 5EMA and 75LWMA... very similar to this system, without the MACD, it was with a stochastic 14,3,3... This system is definitely more profitable... so I kind of ...
- mwilkinw replied Feb 10, 2007
Hey! I have changed the settings a bit... I use this system as more of longer-term trading system (1-2 days). I'm still in trades from last week: GBP/USD, USD/JPY, EUR/CHF, EUR/JPY,AUD/USD,USD/CAD... I personally love this system... this is the only ...
- mwilkinw replied Feb 10, 2007
I second that! You guys are great! Great coding!
- mwilkinw replied Feb 10, 2007
MACD — This week was a great week for the system! I trade the MACD on the angle. If the MACD is moving in the direction of the MA cross than that's your confirmation. Whether it's above or below 0 doesn't matter. It hasn't made mattered in my ...
- mwilkinw replied Feb 9, 2007
MACD Queries! — I've been following this thread for some time now... I've back tested the system and from Dec - Today it's at 90.91% profitibility, on GBP/USD. That being said, I don't think anyone knows the MACD vaules... This is a system you ...
- mwilkinw replied Feb 9, 2007
Hey Pipple! Don't worry I'm not the negative schmuck!! As a mathematician.. I can't deny MA's in general. I do think that stand alone, they are a bit overratted. However, some time series are better than others as far determining support or ...
- mwilkinw replied Feb 9, 2007
not to bad.. I just got out at 237.29... in at 237.15... we got out safe for an afternoon friday trade! Have a nice weekend!
- mwilkinw replied Feb 9, 2007
hahahha!! You're funny! Good work on the EA by the way! Of course we wouldn't want to "bastardize" anything! Unfortunately I must not be explaining myself correctly... I don't mean using the MA's for a trailing stop... but I'm looking forward to ...
- mwilkinw replied Feb 9, 2007
It looks like we may have to hold this trade or cut before the close if we don't have some movement in the next hour. I'll probably hold.
- mwilkinw replied Feb 9, 2007
No not at all.. I said on the opposite side of the MA's (opposite side of what your position is) either using them as support or resistance.. this allows you to stay in the trade longer! This keeps the validity of the system but allows you to ...
- mwilkinw replied Feb 9, 2007
Hey Forex1man hopefully we'll see some profit on this trade... My initial stop is 30pips below entry, then once the trade is profitable, I make a judgement call to move the stop 2 pips on the oppsoite side of the MA's... the averages usually become ...
- mwilkinw replied Feb 9, 2007
Hey FXLogic.. I think there were some people on this thread that did extensive research on those time frames. I can only test over a year with 1Hr charts for some reason.. I tested it with the 1hr on the GBP YTD at 51.7% profitablity... This can ...
- mwilkinw replied Feb 9, 2007
Hey Peter, I just wrote about it here check it out: url
- mwilkinw replied Feb 9, 2007
Hey TraderGab! I take the trades as long as the MACD is moving in the direction of the 5EMA when it crosses... I don't wait until it crosses 0. I also have it on my system.. so I usually take the trade on the alert... I just don't exit on the alert ...
- mwilkinw replied Feb 9, 2007
That GBP/JPY long signal came.. I took it at 237.15.. let's see if we can have a little friday afternoon action in our direction!