Amazing day for the Hippo yesterday. My FXDD demo did almost 50% gain from just the EURUSD and EURJPY pairs, no losses, the other pairs didnt have any trades. EURUSD is running the recomended setting, and EURJPY is running the default setting (30,100) with the MA Open filter on, both with a 15% risk setting, wow. My FXCM demo account did a bit less, 25% gain, and it took a big loss on the USDCAD, to end with a 10% gain for the day. Great day for the Hippo.
I have been adding some different pairs to my accounts. Testing for results and looking for losses to analyze. Its kind of hard to get a proper understanding of a trading program without enough losses.
I've also been doing some short term backtesting, just to analyze the indicator signals, and trading strategy, and things are looking good. The basic strategy, on full default, and with the MA Open filter On, both work well, and I dont see a lot of difference yet. Theoreticaly, I prefer the MA filter on, but practicaly it works well both ways.
The idea of using the overbought, oversold extremes is interesting, but its more than that. Its also selling on an uptick in the short term Stochastics, and visa versa for buying. This flucuation, along with a strong trend, was just enough to allow the program to open and close several trades on each pair, resulting in a great profit.
I take back a previous comment that a quicker RSI might produce a better result. Not in this senario. I'm far too familiar with trying to catch reversals. In this situation, the slower RSI is a great confirmation of a stronger trend, for the quicker Stoch to offer signals in.
Still have a lot more testing to do. Particulatly the BBands in conjunction with a reverse signal. We'll see, but after these results the extra testing becomes easier. Theres a pot of gold at the end of this rainbow, if we can just hold onto it, and keep it flowing....