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Appologize for disturbing question. That is not really my intention to hack. I was doing EST(system tester) on 5min charts EURUSD using pp Bollinger Bands. I saw 3 suspicious things. 1. It made money without any drawdown. My equity curve is straight linear. 2.Since it never fails, it has very effective positions. All positions are posisive & zero. 3. The funiest thing is that all of them have open position & close pos in exactly one bar. Hmm. it got buy & sell signal in the same bar all the time. Wow, I just feel nonsense.
It is quite sense as you explain if it has some future references
(like peak, through, or zigzag) which none of equis manual telling me about it.
I hope that is not reason for password.
Thank's for advice on Roy's newsletter.
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This isn't a website for hackers. Many of the developers monitor the
site and wouldn't appreciate someone telling you how to break
anybody's password protection. It's passworded for a reason.
Most pivot programs use peak and trough functions. Those have dynamic
last legs which means the signals will show up one day and disappear
the next. In the systems tester, the signals test out very well,
giving results that are too good to be true.
If you open a chart or two, roll the date back and then walk it
forward on day, several days past the signal, you'll see a number of
them disappear a few days pasted the entry point.
Since I haven't seen the code for the program you mentioned, I can't
be 100% sure they don't use some type of zig zag or peak and trough
code, but every pivot program I've ever looked at either uses those or
has forward references in it, which means you won't actually see a
signal until two or three days
after it's passed. Sweet!
Have fun and try a hackers board for password breaking.
In general, when the results are too good to be true, they are. If
this or any other TA program worked great, the TA crowd would jump on
it and everyone would be rolling out the money. The bankers and
trading houses have spend billions trying to find magical TA formulas
that will beat the market. Most of them still rely on common sense,
and a good set of moving averages. Rocket science has brought little
to the party so don't expect a $300 program to get you anything except
a few thousand in loses.
If you really want to learn some interesting stuff about how MS works,
how trading works and interesing ways to approach the market to
improve your odds of winning, read Roy's newsletter.
www.metastocktips.co.nz
There some common sense trading techniques in there that might just
give you what you're looking for.
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