Strategy Results, Good? Bad? Okay?

[TipsyWisdom]

@zaher-ahmad

if it was possible, of the nearly 8 billion people on this earth, someone would've figured out how to do it by now. If someone had, we'd know because they'd be the richest person in the world...because thats what greed like that looks like.

Whatever astrological teacher is feeding you that nonsense, I'd advise you pick up a book called Trading for a Living. Astrology reading is fake 100%. Its all real in hindsight, but until you can replicate it going forward, it will never work.

[TipsyWisdom]

@Deadllee @l-andorrà

There we go, converted to MT5 for 99% quality. This is a slightly modified version of the EA that I posted for free with all of 2020 data.

[roar]

28 trades doesnt really tell much to me. You spin a roulette table 28 times, very possible to walk away with profit.

[TipsyWisdom]

@roar

Why do I need to trade more than 28 times in a year? Maybe I could apply my strategy to lower time frames, but it is very specific price action during a specific part of the day.

[TipsyWisdom]

I guess I could test it with theory and add rules lets say...if price action makes a certain move down during my open trades, go long again. If my money increases then I am truly accurate.

But again, my strategy isnt about the most amount of money or # of trades. Its high probability times.

[roar]

@jsauter86 just a basic rule in statistics. More data means more proof. Less data means less proof.

If you cant have more trades in a year, then you should test multiple years.
I would love to see this same backtest result, but started 5 years earlier.

[TipsyWisdom]

@roar

makes sense, thank you!

[TipsyWisdom]

you asked for more trades on more times frames @roar

[TipsyWisdom]

this is 01012018 to today.

[roar]

@jsauter86 pretty good! How about 2013-2021 ?

2014 and 2017 saw some big trends on eurusd, that would really stress test the ea

[TipsyWisdom]

@roar I'll test it, but personally on 2 years of history I will be starting this one on Monday forward testing in a demo.

I think after 2 years of data, the markets are vastly difference in regards to activity...but we'll see. I'll post results after I take 20 minutes to download the history data. lol

[roar]

@jsauter86 all right. My goal is to find something for all market conditions. As per my logic, the further an EA works to the past, the further it will work to the future.

[TipsyWisdom]

@roar fair point!

[TipsyWisdom]

2013 to today, less than ideal. I think it was only 56% accurate. Given its been rocketing since 2017, I'll start it Monday and let you know how it does on Demo...given that I don't change it 100 more times from now to Monday and end up screwing it up like I do. hah

[seb 0]

@jsauter86
Why is there no short trades ?
I've never seen a strategy with long trades only on the forex yet

[roar]

@seb-0 that long-only thing is a fair point. You know eurusd has risen in the past year, so long-only EAs will naturally work better in the backtest. However, you dont know if eurusd will rise in the future years. If you have to assume it rises, you could just go long and forget about the position.

Only a long-short system can prove you can make profit without knowing the direction beforehand.

Just playing devil's advocate here lol

[TipsyWisdom]

@roar @seb-0 fair point, to be honest its only because I am currently long on EUR vs USD. No other reason.

I will think how to add shorts, see what I can come up with today

[TipsyWisdom]

ugh...why can't it be as easy as just flipping the paramaters!

[TipsyWisdom]

[roar]

@jsauter86 thats a good result. Lots of trades, both longs and shorts, profit is likely not just coincidence.
From the deposit load I see the EA builds bigger and smaller positions, nothing too crazy.

Well done