I received good advice from some of you and after digesting it, I've decided to stick with my trading system.  

Craig 

"Needing tick data or not is really dependant on how the 'h-system' works, e.g. does it depend on ask/bid within the current candle, etc. Also, are you 110% sure there are no errors in your scripts? I have also gone down the roll your own path, but these programs are so hard to error check.
I developed a stratergy which performed amazingly in MT4 backtests and terribly in tick data backtest, but here is the kicker, it does good in forward testing. I think in the end forward testing is the best test, even better if you can automate.

You will know yourself Rich if market conditions in the last couple of weeks have been conducive to the h-system (or not)."

Brian  www.canadafx.blogspot.com

"I wouldn't discount your system based on backtesing. Past performance is not an indication of future gains. The problem with backtesting is that there is no emotion placed into it. It's just a mass of data. So that time that you rode the wave up a few pips more than your original limit order or got out before hitting stop becuase perhaps the indicators changed. Backtesting has no human element.

Also the FX market is still in it's infancy and it will evolve over time. The same things that affected the market 5 years ago may be different now. If your making money at it I would continue. "

Forex Rookie

"I think that if you are making consistent profit with the system now you should continue using it. As Brian said back testing is 100% automated hence you cant use desernment. And also the Market conditions are constantly changing, remember that your system is only 20% of your trading, So You as the individual have the ability to pick choose and refuse which trade you are willing to take. The bottom line is if it works stick with it."

Bill

"My view is that a whole-hearted focus on systems is dibilitating. Too much focus on the trees to see the forest, etc. I'm most comfortable trying to understand the fundamentals and then entering and exiting using technicals."

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No. 1 :

Why not start developing/testing another strategy or 2 on a demo account while you stay with this one? Wouldn't hurt to forward test virtual money :)

Submitted by Rocko • 2006-10-30 00:29:29

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