Two charts, Two scales, One window 2 replies
The Power Of Now 4 Forex 14 replies
Help ! How To Combine Two Dde From Two Different Brokers? 4 replies
Keeping Some Fire Power In Reserve 0 replies
DislikedI ran some backtest using the replay button on tradingview, and found these consecutive losses. Would be good if anyone here can go back to the same time period to verify if you see the same valid setups (and losses!) {image}Ignored
Disliked0345 trade setup candle was marked by candle 1 0445 trade setup candle was marked by candle 3 Candle 2 swept the M15 Range High (External), and Candle 3 represents the Extended Sweep from Candle 2. Even without considering the M15 External Range sweep, all the subsequent candles from candle 1 are valid Extended Sweep Candles. The next candle after candle 3 triggered the sell stop order. {image}Ignored
Disliked{quote} Hello Tibetian. I'm glad you've raised this issue. Some 15 days ago, I had made a similar comment, on post 86 (you can click through to it). I started backtesting data from 2015, and the results were definitely unimpressive. Like a streak of 7 to 10 consecutive loses, and several months each ending in a net loss. It was very surprising, but I decided to stick with it a bit more, and see if I was missing something. Since then, there have been a few more videos released...Ignored
Disliked{quote} Hello Tibetian. I'm glad you've raised this issue. Some 15 days ago, I had made a similar comment, on post 86 (you can click through to it). I started backtesting data from 2015, and the results were definitely unimpressive. Like a streak of 7 to 10 consecutive loses, and several months each ending in a net loss. It was very surprising, but I decided to stick with it a bit more, and see if I was missing something. Since then, there have been a few more videos released...Ignored
Disliked{quote} Ive not actually done a formal backtest. Im currently forward testing with a small amount of equity, once I take 10 losses in total, I will asses the R multiple, which will be either positive or negative. From this week ive taken 5 trades 2 wins, 3 losses, 40% WR, +3R. Despite this though im still ultra sceptical about it being a working strategy, there just isnt enough TA in the method to result in profitability (in my opinion), but I will see the test through anyway out of foolishnessIgnored
DislikedHi, I have backtested from 01.01.22 until 07.03.22 11:00 taking a brake and will maybe continue tomorrow. Here are my test results so far: {image} edit: did the test on a 100.000 account, but i have fixed lot size at 10 lot. (didn't boder to take accurate 1% of each trade)Ignored
DislikedHi, I have backtested from 01.01.22 until 07.03.22 11:00 taking a brake and will maybe continue tomorrow. Here are my test results so far: {image} edit: did the test on a 100.000 account, but i have fixed lot size at 10 lot. (didn't boder to take accurate 1% of each trade)Ignored
Disliked{quote} Do keep us updated on how the forward testing turns out, Paul. Personally, I find backtests to be quicker and more efficient, and they involve less emotional investment. See, in a forward test, you might start just when, by sheer luck, there are market conditions that make you have a streak of wins, and you might think the strategy is working, only for the variance to swing the other way, when you've already invested like several weeks or even months into it, and probably even moved to a bigger trading account. That can be heartbreaking....Ignored
Disliked{quote} Not optimal I know, just the way I like to do things. I prefer live time execution. But will keep it updated at the end of each weekIgnored
Disliked{quote} Hey El: Are you using any additional analysis or consideration that hasn't been described in this thread so far? Because your results look very different from what I'm getting. I haven't yet backtested the period you've specified here, but I have doubts I'd get anything close to your results. Are you counter-trend trading? Are you distinguishing between Strong Follow Through, and Weak Follow Through?Ignored
Disliked{quote} Hi, In the start of the year I did try to counter trend, but I saw I got more loss then wins, so I only traded SFT and WFT. Interesting to see that if you have two 4H candle in one direction passing premium/demand it is a sign of SFT and you should not trade agains this trend, what I mean is that passing the premium/demand you should normally take a counter trade, but I found out that I had a lot of losses in this mid areaIgnored
Disliked{quote} Wait. At the start of the year? Were you aware of this trading system in January? Also if there are other considerations you've incorporated into your analysis that haven't been mentioned elsewhere, kindly continue sharing them. About those two same direction candles: do you mean when they pass the equilibrium line?Ignored
Disliked{quote} In the start of the year in the test Sorry my English is not that good Yes I think about the equilibrium (or 50% retrace in a fib) and yes normally you should the continue down to test the low again, but I see that price has a tendency to wick both way around this area, so I stopped taking trades in the last weeks of the test. Also I only got about 2-3 trades a week (9 weeks test 24 trades)Ignored
DislikedOne more thing, my results are only after 9 weeks, I can get a period of losses, so I have to test many more weeks before we can conclude if this is a good system. And My kill time is the same as Scott has now (07:30-10 and 13-15 uk time)Ignored