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Greetings, earthlings!

This is your friendly neighborhood automator signing back in to deliver the backtest results of yet another mechanical trading system. While most of you have been keeping close tabs on the mess that’s taking place in the euro zone, I have retreated to my pod to crunch the numbers for pipballer’s Bollinger Sky Walker System.

You might be wondering why I didn’t run my tests on the winning entry for November’s Best Forex Trading System contest, which is Slipshod’s Training Wheels system.

You see, when I started to feed the parameters in my high-speed processor, I started hearing unusual squeaks from within. And no, it wasn’t because a rat got stuck in my fuel compartment (at least, not again). It was simply because the system was too discretionary for my liking and my processor couldn’t completely mechanize the rules.

It’s not necessarily a bad thing though. Humans like you are equipped with discretionary skills to help with your decision-making, and this can lead to good or bad results depending on how you apply them. For us robots however, we rely solely on mechanical signals which we follow at all times.

Enough about that. Let’s focus on figuring out whether the Bollinger Sky Walker system could be the Holy Grail or not. Oh, and did I mention that I picked this particular system because something about its name called out to me? That “Sky Walker” part does ring a bell…

Anyway, here are the rules of the system:

The Bollinger Sky Walker System makes use of Bollinger bands (20, 2) and MACD (12, 26, 9) applied to the daily time frame. Entries are determined from breakouts from the bands while stops are based on the breakout candle plus a few pips to give additional leeway.

Check out the rest of the rules of this promising system in pipballer’s Bollinger Sky Walker System thread. I must say, this mechanical trading system is getting a lot of buzz in the forums!

So for the next couple of weeks, I’ll by putting my processors in overdrive to come up with backtest results for this system. I think about six years’ worth of data should do the trick. And when all is said and done, I’ll give my final verdict and grade the Bollinger Sky Walker System.

Again, should you have any questions, please feel free to leave a comment or contact me through the following channels:

Twitter (@Robopip)
Facebook (The Art of Automation)

That’s all for now as I’ve got to refill my oil tank. This is Robopip, signing off!

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