It was tested, and the reviewer had this to say about it:
"In fact, out of ALL the systems I have tested, Next Stop ranks the highest."
The review can be found here.
(Back test on 60 minute EURUSD chart from 1-1-2011 to 1-1-2012)
The results are positive, but they're not great. The equity curve shows slight profit, a dip into negative territory, then regains some to close with the same profit it had earlier on.
57% win rate, average profit on a win is $34.30 vs average loss $40.92. Averages 3 wins to 2 losses. Those aren't terrible statistics, but with the lot size set at 1% of the equity balance, it's only achieving a 1% return over the year.
I can't quite make out the Baby Pips reviewers statistics, but at first glance they don't look all that impressive. 29% win rate compared to 57% on my test, but their average win compared to loss looks to be a lot better than my system.
The systems are different, as mine tries to follow the original rules more closely, whereas the reviewer mentions leaving out the daily trend detection and not using RSI. However I'm not completely clear on the Ichimoku settings either, so I left them at the default in my code, except for the Kijunsen which was set at 3 bars back.
I tried running it through the back test optimizer, trying different values for Ichimoku and RSI, taking RSI out, adding an over brought/over sold filter, and several other things, but none with better results that what I got here.
It also bombed on GBPUSD and AUDUSD.
The instructions for trading it manually include two additional triggers for entering trades which I didn't code, as they tend to be unreliable in the code.
So, doesn't look to be a very good system when automated.
