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Forex trading strategy help


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omert 2010.03.30 20:47 

I wanted to backtest a strategy that I thoght

and I was told that I can do it with mt4.


My strategy is when the trend of the daily chart is down,

I'll take the daily pivot point and when the price cross it I will get in 10 pips below and when the price pullbacks to it I

will also short 10 pips below the pivot level. I'll do it in 5 min chart with a mechanical 15 pips stop and a target of 30 pips.

So far the strategy gave me sound results with the eurodollar,

But I want to back test it,

So I wonder if you can help me think of a way doing it???

Thanks ahead
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3
vani 2010.05.31 07:53 
vani :
omert :

I wanted to backtest a strategy that I thoght

and I was told that I can do it with mt4.


My strategy is when the trend of the daily chart is down,

I'll take the daily pivot point and when the price cross it I will get in 10 pips below and when the price pullbacks to it I

will also short 10 pips below the pivot level. I'll do it in 5 min chart with a mechanical 15 pips stop and a target of 30 pips.

So far the strategy gave me sound results with the eurodollar,

But I want to back test it,

So I wonder if you can help me think of a way doing it???

Thanks ahead




Hi omert, I guess you can try it here, but if it wont work then I will suggest finding a site that will train you in their strategies for free makemoneycurrencydottradingdotcouk is good as they run a live portfolio so you can actually see if their strategies are making profit live. They sent out a daily email each day with the trades as well.
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