Friday, August 10, 2007

putting Sedona to rest

Sometimes in developing trading systems you realize that your efforts have been in vain. At that point, you can do one of two things:

  1. tweak the system slightly, try new currency pairs and keep trying
  2. move onto a new system armed with the knowledge that you've gained from the experience of testing and failing


I've tried #1 all week with the following tweaks:

  • try trading with gbp/chf, eur/aud, eur/jpy, gbp/jpy (the only profitable pair!), eur/gbp
  • only enter in the first hour (12:00 -> 13:00 EDT), or first two hours
  • filter based on days of the week
  • use JPY and early London session for box, trade from 8am - 12pm EDT

Nothing works, so I'm moving on.....new systems on the way.

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