1. I think that there is broad agreement that trading discipline can be considered an 'edge'. Trading discipline can be enforced through (blind) adherence to a systematic entry/exit signal. Your systems that you have made public certainly fall into this category, at least superficially.
2. Which moves us onto the second type of edge, which is a market truism or anomaly, that can be exploited through buying or selling financial instruments. This edge can be articulated in a sentence. If you cannot articulate your edge in a sentence, you probably have no edge. Now, as already stated, it can be a Type I edge (see above) or a Type II edge. A Type II edge is a stronger edge and will have a much higher win%. The issue can be ROI. (see below).
3. Your systems superficially (what we on the forum can see) is a Type I edge. That is not to say there isn't a Type II edge in there, simply not disclosed to the forum.
4. Based on the results: I would conclude a Type I edge.
From the above, some might conclude that I am 'negative' on a Type I edge. Untrue. Type I edges have a very important characteristic that a number of Type II edges do not possess: the ability to really let profits run. Type II edges (tend) to have definite profit targets or time-in-trade limits. You close the trade when the profit target is achieved and/or time expires.
An example of a Type II edge (this is an example: it is NOT A REAL EDGE) could be 'Seasonality': buy/sell at the start of the month, close at the end, based on seasonality data. The edge lasts 1 month. Profits cannot run past that 1 month period. However, if your success rate is 100%, you may be satisfied to trade that edge, in spite of the fact that your profits are capped.
I don't know this, but looking at a number of systems that appear on the forum, they all look like Type I systems. Now if that is true, then I can refute my previous argument re. the requirement to take 100% of all trades thrown up by the system.
A Type I edge is largely a discipline based edge. There is no Type II edge present, therefore, taking a sample from a sample is irrelevant, as the edge, discipline, is present in every trade taken. There is no Type II edge to be blunted through the trading of a smaller sample.
However, selecting trades based in some form of statistical hierarchy, is simply fooling yourself. If you are trading a Type I edge, all trades are equi-probable.
jog on
duc