The Luxor System

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I've lately been experimenting with the fundamental Luxor system described within the ebook Buying and selling Methods by Emilio Tomasini and City Jaekle. I do know there's a earlier thread on right here discussing this technique however I might prefer to resurrect the subject as there have been no backtest outcomes proven in that thread.

The system is a quite simple transferring common cross for entries however with a breakout filter added, the place as soon as a cross takes place trades are solely entered if the worth breaks the excessive for longs, or the low for shorts, of the earlier bar. The concept is that this offers affirmation of the worth transfer. The outcomes put ahead within the ebook are surprisingly good for such a easy technique. The writer presents some outcomes from TradeStation on GBPUSD over 2002-2008 displaying a web revenue of $66ok from mounted 1 lot trades and a good wanting fairness curve.

I do not use TradeStation, I exploit MetaTrader 4. So I've coded up this technique in MQL as described and may't get backtest outcomes anyplace close to what's put ahead within the ebook. On GBPUSD (FXCM knowledge), over the identical knowledge interval and timeframe the fairness curve is in every single place and ends in a loss. I've hooked up a screenshot of my outcomes beneath.

Has anyone seemed into this technique and had any success? and extra importantly has anybody really been in a position to replicate the outcomes proven within the ebook?

I am unsure if it is on account of a distinction within the knowledge used, one thing I've misinterpreted in my coding, or if the technique simply does not work.

TradeStation customers - would anybody be prepared to check the Simple Language code supplied within the ebook (hooked up beneath) and see if the outcomes come out the identical as proven within the ebook?... (screenshot hooked up).

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Name: Author's Backtest Results.PNG
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Name: EasyLanguage Code.PNG
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The Luxor System 2 The Luxor System 3

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