Thanks for joining. Is there already some backtest result? I see a trade journal in the new thread, with 40% loss after 150 trades - is this from live trading the method?

As far as I understood your method, it's more an intuitive system and not based on a mathematical model or theory. So aside from live trading, a backtest would be the only way to see if it's useful.

If you have problems to backtest your system due to some MT4 limitations, maybe we can help.

Post #1 (in that forum) topic "Double within a month" explains the history of the results and the bugs found in that EA/test-run in the TradeExplorer.
After bug fixing we managed to double the account within a month - as we targeted.
I don't believe in backtests for performance - only for bugs finding and system behaviour analysis. Forward testing is the ONLY way to see real results and performance of a system.
There is nothing intuitive in that system - but who am I to judge your understanding...

G.

Thanks for the explanation. You're right that it is not trivial to correctly test a system - but not testing it at all is no solution either. I don't think that "double the account within a month" is a serious test. Anyone can double an account in a month, with any system, just by using a risky stop/profit ratio and a bit of luck. Zorro has a tutorial about those methods.

Have you ever seriously live traded your system? If so, with which result?

My offer still stands to provide you with the software tools for a real forward or back test of your system.

We are trading this system live for a month now (which is not enough).
The results are quite good (82% wins, 4.7% DD) - but that's not indicative because of that short time.

The ForexGT_Arrow system is just a small part of the strategy: We use CurrencyStrength & Correlation to decide which pair to trade, Volume & Volatility for "IF" to trade, and ForexGT_Arrow for entry.

Many thanks for your offer to help - We own a software company - so I don't think that we currently in need of back/forward testing assistance.

G.

Hi, is there some public record of your live trading the magic strategy, or of anyone else trading it? Or is the trading also top secret?

If you can only test your system with live trading, why do you add the "CurrencyStrength & Correlation" and the other stuff? It seems to me that for finding out if your method works, you should trade the pure method instead of adding lots of other stuff that affects the result.

Petra, my take on those comments:

Originally Posted By: gg53
The ForexGT_Arrow system is just a small part of the strategy: We use CurrencyStrength & Correlation to decide which pair to trade, Volume & Volatility for "IF" to trade, and ForexGT_Arrow for entry.

Is that Currency Strength and Correlation and Volume and Volatility form part of the entry criteria, hence it is part of the strategy, and not about measuring the results.

No, they are not part of it, gg53 has explained his method in very long threads on the FF forum.

I only wonder why it is so complicated to do a simple test. The method just predicts ZZ points. So you could easily test it by going long at a low point and short at a high point. If the method has any merit, the results should be positive. I wonder why after almost a year, still no one can show positive test results.

Well this is a valid point. It's no secret that professional traders do not use indicators, and for good reason, almost none of them have an edge. So why worry about it?

Hmmm, I dont think that this system has ever worked.

The public trading on the FF forum had bad results, except for one short period in the middle with lots of small wins. But those wins are obviously faked with a high risk reward ratio. You can see this because the profits have always the same size. If they were really from the system, they would be all different because ZZ legs have very different lengths.

All this looks very fishy. There are some poor guys on the FF forum who still believe in that system and still try programming it for almost a year now...