Hi,
I use strategy generator (Forex Strategy Generator - freeware) and see it saves a LOT of time to check different strategies.
Which philosophy is the best to create the perfect strategy:
1. Using only one specific time frame and currency pair (for example EUR/USD and 5 Min):
a. Use only 1 week/1 month of market data to generate strategy (after all it is current state of market)
b. Use few years of data on the specific time frame
2. Trying to find strategy which will be getting profits on all time frames in given currency pair
a. Use only 1 week/1 month of market data to generate strategy (after all it is current state of market)
b. Use few years of data on the specific time frame
3. Trying to find strategy which will be getting profits on few main currencies (EUR/USD, GBP/USD, USD/JPY, EUR/GBP) in one time frame
a. Use only 1 week/1 month of market data to generate strategy (after all it is current state of market)
b. Use few years of data on the specific time frame
4. Trying to find only one time frame which is most reliable and most noise free (longer time frames like 1h, 4h, 1d)
a. trying to find the strategy working on all main currencies (EUR/USD, GBP/USD, USD/JPY, EUR/GBP) in the same time frame
Please tell what are your experiences with forward testing strategies and which above philosophy is the best?
I use strategy generator (Forex Strategy Generator - freeware) and see it saves a LOT of time to check different strategies.
Which philosophy is the best to create the perfect strategy:
1. Using only one specific time frame and currency pair (for example EUR/USD and 5 Min):
a. Use only 1 week/1 month of market data to generate strategy (after all it is current state of market)
b. Use few years of data on the specific time frame
2. Trying to find strategy which will be getting profits on all time frames in given currency pair
a. Use only 1 week/1 month of market data to generate strategy (after all it is current state of market)
b. Use few years of data on the specific time frame
3. Trying to find strategy which will be getting profits on few main currencies (EUR/USD, GBP/USD, USD/JPY, EUR/GBP) in one time frame
a. Use only 1 week/1 month of market data to generate strategy (after all it is current state of market)
b. Use few years of data on the specific time frame
4. Trying to find only one time frame which is most reliable and most noise free (longer time frames like 1h, 4h, 1d)
a. trying to find the strategy working on all main currencies (EUR/USD, GBP/USD, USD/JPY, EUR/GBP) in the same time frame
Please tell what are your experiences with forward testing strategies and which above philosophy is the best?
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)