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How to optimize a Trading system So That win % or RR increase

  • #141
  • Nov 2, 2020 7:21am Nov 2, 2020 7:21am
I think that you need to increase your open to different levels and find out which one of them works out for you. You have been told that .5 is every risky but how can you tell if you have never tried. It may not work for others but it may work for you. You need to know what it is your trading plan and you need to stick to it and you can change at as many times as you can while keeping your goals the same. Change is good but not in most cases as it may turn into deviation and once you deviate, you lose focus on what you are after. If even after the trials, you do not notice any significant change then you can switch trading systems.
  • #142
  • Nov 3, 2020 2:31am Nov 3, 2020 2:31am
I hit a 10% profit target in my practice account. It took 13 days, I have to admit I have to be more consistent with my approach.
I have to improve my Daily DD.

with this Performance am I going to pass the FTMO challenge Probably not, I have to improve more.
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MA provides the market's current direction and strength.
  • #143
  • Nov 5, 2020 2:47am Nov 5, 2020 2:47am
Quoting hasib
I hit a 10% profit target in my practice account. It took 13 days, I have to admit I have to be more consistent with my approach. I have to improve my Daily DD. with this Performance am I going to pass the FTMO challenge Probably not, I have to improve more. {image}
hasib,
are you able to test this ?
ITB - Seeing Orderliness amongst 'Randomness'
  • #144
  • Nov 5, 2020 2:22pm Nov 5, 2020 2:22pm
Quoting Inthebox
{quote} hasib, are you able to test this ?
Yes, could try this which time frame I should test. I am not a algo man, I will do it manually.
MA provides the market's current direction and strength.
  • #145
  • Nov 5, 2020 6:07pm Nov 5, 2020 6:07pm
Quoting hasib
{quote} Yes, could try this which time frame I should test. I am not a algo man, I will do it manually.
the idea is to use rsi on higher time frame as trend, trade in lower time frame when rsi syn with the trend.

a relative volatile pair like gpyjpy and eurjpy would be good.

use on :
1) m5. with m30/m5 combo.
2) m30. with h4/m30 combo.

i guess that they have more than 60-70% success rate.
ITB - Seeing Orderliness amongst 'Randomness'
  • #146
  • Edited 10:04pm Nov 5, 2020 6:56pm | Edited 10:04pm
i roughly show gbpjpy for the last 3 days for the htf m30 and m5 as entry charts. i may missed out some.
test it with proper rsi htf m30/h4 candle close. not by using mtf rsi.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #147
  • Nov 5, 2020 9:48pm Nov 5, 2020 9:48pm
Sorry to jack the thread, but can someone tell me how to back test a strategy on multiple time frames?

My strategy involves marking up recent support/resistance on a 4 hour chart, and looking for entries on the 15 min chart..

The problem is, there's no program/software that you can mark up your levels on the 4 hour, then drop down to the 15 min and still see your levels without either pulling up a different chart, or it moving you all the way back to recent price.. Trading view pro plan allows you do it, but only for 10,000 candles, which on a 15 min chart is nothing & doesn't go far back enough to test 100+ trades.

Thanks in advance
  • #148
  • Nov 10, 2020 8:03am Nov 10, 2020 8:03am
Quoting Inthebox
{quote} the idea is to use rsi on higher time frame as trend, trade in lower time frame when rsi syn with the trend. a relative volatile pair like gpyjpy and eurjpy would be good. use on : 1) m5. with m30/m5 combo. 2) m30. with h4/m30 combo. i guess that they have more than 60-70% success rate.
In the backtest, I can use only one chart. so probably I will not get that good result.
MA provides the market's current direction and strength.
  • #149
  • Nov 10, 2020 8:06am Nov 10, 2020 8:06am
why you use your favorite indicator, Is it because of entry, exit, or filter out bad trade?
MA provides the market's current direction and strength.
  • #150
  • Nov 10, 2020 8:15am Nov 10, 2020 8:15am
Quoting hasib
{quote} In the backtest, I can use only one chart. so probably I will not get that good result.
it's ok.
i know it works pretty well.
here's another example application.
https://www.forexfactory.com/thread/...9#post13248709

most people use RSI as overbought/oversold indicator.
i don't. i use it as a momentum and divergence indicator. that's the difference.
ITB - Seeing Orderliness amongst 'Randomness'
  • #151
  • Nov 10, 2020 8:51am Nov 10, 2020 8:51am
you can compare to your own demo EURUSD london session trades today.
after m30 candle closed, there was only one valid set up in m5.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #152
  • Nov 21, 2020 11:51pm Nov 21, 2020 11:51pm
How many times we fall into this trap and lose your money.
how can we save ourselves?
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MA provides the market's current direction and strength.
  • #153
  • Nov 24, 2020 1:22pm Nov 24, 2020 1:22pm
If anyone interested. Crate EA for me, Open Buy and sell order in the selected area of the picture.
Ea should have buy only options and sell only options.
Stop and Take profit according to ATR.
If you are interested let me know I will share the indicator. I have a few more ideas I could share with you if your intrested.
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MA provides the market's current direction and strength.
  • #154
  • Dec 25, 2020 3:04am Dec 25, 2020 3:04am
I saw in other thread you looking for price action, please go through my system if you may like to trade it in m5 or less
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"Exchange of hands"
  • #155
  • Dec 27, 2020 4:13am Dec 27, 2020 4:13am
Quoting bilal1947
I saw in other thread you looking for price action, please go through my system if you may like to trade it in m5 or less {image}
Trading a 1-minute chart is too stressful.
out of stress and frustrations, people make a lot of mistakes that can easily be removed by trading high TF.
Anyway if you are doing it successfully for a long period of time you should continue it.
MA provides the market's current direction and strength.
  • #156
  • Dec 28, 2020 7:37am Dec 28, 2020 7:37am
Quoting hasib
{quote} Trading a 1-minute chart is too stressful. out of stress and frustrations, people make a lot of mistakes that can easily be removed by trading high TF. Anyway if you are doing it successfully for a long period of time you should continue it.
yes it is but we have some rules that help us filter the noise

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"Exchange of hands"
  • #157
  • Jan 2, 2021 10:10pm Jan 2, 2021 10:10pm
Quoting bilal1947
{quote} yes it is but we have some rules that help us filter the noise {image}
Did you create an expert Advisor with your rules.
Did you find your rules are profitable in past data?
MA provides the market's current direction and strength.
  • #158
  • Jan 3, 2021 12:04am Jan 3, 2021 12:04am
Quoting hasib
{quote} Did you create an expert Advisor with your rules. Did you find your rules are profitable in past data?
I dont know how to create EA, i doubt it may be possible, but past data it is working. will keep you posted
"Exchange of hands"
  • #159
  • Last Post: Jan 4, 2021 2:30am Jan 4, 2021 2:30am
Happy New year 2021.
I have developed a trading system that works very well in my backtest.
If you have time can you make an ea you and I both can use the same EA.
if you like to create EA, I will give a detailed strategy. That strategy is very simple. Hope it will make us profitable.
Thanks for your help in advance.
MA provides the market's current direction and strength.
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