There is a regular series of trade updates from a very similar system called Trend Catcher 3.0. They seem to be making it work, but I never could, especially not with the settings they're suggesting.
To be fair, I get bored of trying such systems and try to automate them, which is where my failures happen :)
Running this robot through the back test optimizer, it suggested settings quite different from the original system - wider moving averages, slightly different stops, and I also added a "Dema" setting, which is actually using simple moving averages, and not exponential as the name suggests (Dual Exponential Moving Averages, or something).
Here's the results:
(Back test on 60 minute EURUSD chart, 1-1-2011 to 1-1-2012)
Equity curve is so-so. The statistics aren't impressive with a mere 36% win rate, but the wins are almost 3 times bigger than the losses. A 13% profit risking 1% of the account on each trade.
I've pretty much given up on moving average based robots. I could never get them to work (a couple I'm demo testing now use pending orders to attempt to catch moves across moving averages, but they're not spectacular).
I'm afraid to run this on GBPUSD, which generally spits my robots out. We'll just be happy and satisfied with these results, shall we?
I also automated their 3 Ducks system, with very poor results. It looks like they're doing a little better, however.
