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Hey Kz,
Do me a favor if any of these fancy schmancy indicators you been tickering with do alot better then the plain old vanilla one's let me know.
I was the ultimate "fiend for the grail" for a long time and backtested evey concievable indicator and the results were always disappointing, some more the others. It's possible my methodology was flawed and I missed something.
FWIW the T3 moving averages as far a moving averages go did test better then the standard, sma, ema, but not quite tradeable.
I've read a paper on the Jurik website of a comparasion of Jurik moving averages with others and the results were impressive, but never got around to testing.
Not sure of the experience of others but I learned too late and wasted too much time and effort in the wrong direction, back testing everything.
I found out that I had much better results taking a less them impressive result/system with one or two of your favorite indicators eliminaing one bad trade here, and another there and that process actually yields some promising results.
If you have a system that breaks even 5 bad trades 5 good ones, and can code around that 1 bad trade your 60 40. Plus there is an added effect, instead of 1 less loss, many times the effect is compounded because not only do yo not incur that loss, but many times the previous trade also make alot more, so the effect on the equity curve is larger then the percent profitable number indicates.
Anyway good luck.
Glen
Do me a favor if any of these fancy schmancy indicators you been tickering with do alot better then the plain old vanilla one's let me know.
I was the ultimate "fiend for the grail" for a long time and backtested evey concievable indicator and the results were always disappointing, some more the others. It's possible my methodology was flawed and I missed something.
FWIW the T3 moving averages as far a moving averages go did test better then the standard, sma, ema, but not quite tradeable.
I've read a paper on the Jurik website of a comparasion of Jurik moving averages with others and the results were impressive, but never got around to testing.
Not sure of the experience of others but I learned too late and wasted too much time and effort in the wrong direction, back testing everything.
I found out that I had much better results taking a less them impressive result/system with one or two of your favorite indicators eliminaing one bad trade here, and another there and that process actually yields some promising results.
If you have a system that breaks even 5 bad trades 5 good ones, and can code around that 1 bad trade your 60 40. Plus there is an added effect, instead of 1 less loss, many times the effect is compounded because not only do yo not incur that loss, but many times the previous trade also make alot more, so the effect on the equity curve is larger then the percent profitable number indicates.
Anyway good luck.
Glen
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