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Money is a Team Sport! Semi-automatic system optimization aid

  • #41
  • May 9, 2022 6:33am May 9, 2022 6:33am
|Post 16 for explanation||
|---|---|
|Derived Trades|SL: DailyTF 3*ATR(20,Simple)|
|USDJPY|B|
|USDCHF|B|
|USDCAD|B|
|NZDUSD|S|
|NZDCHF|S|
|NZDCAD|S|
|GBPUSD|S|
|GBPCAD|S|
|EURUSD|S|
|EURJPY|B|
|EURGBP|B|
|CADCHF|B|
|AUDUSD|S|
|AUDNZD|B|
|AUDCAD|S|
  • #42
  • May 9, 2022 9:20am May 9, 2022 9:20am
|Post 16 for explanation||
|---|---|
|Derived Trades|SL: DailyTF 3*ATR(20,Simple)|
|USDJPY|B|
|USDCHF|B|
|USDCAD|B|
|NZDUSD|S|
|NZDCHF|S|
|NZDCAD|S|
|GBPUSD|S|
|EURJPY|B|
|EURGBP|B|
|CADCHF|B|
|AUDUSD|S|
|AUDCAD|S|
  • #43
  • May 9, 2022 10:06am May 9, 2022 10:06am
|Post 16 for explanation||
|---|---|
|Derived Trades|SL: DailyTF 3*ATR(20,Simple)|
|USDJPY|B|
|USDCHF|B|
|USDCAD|B|
|NZDUSD|S|
|NZDCHF|S|
|NZDCAD|S|
|GBPUSD|S|
|GBPCAD|S|
|EURUSD|S|
|EURJPY|B|
|EURGBP|B|
|CADJPY|B|
|CADCHF|B|
|AUDUSD|S|
|AUDNZD|B|
|AUDCHF|B|
|AUDCAD|S|
  • #44
  • May 9, 2022 11:06am May 9, 2022 11:06am
Aggressively switching the strategy to only focusing on deriving trades from TradingView’s forex screener for the following reasons:

1. The original deriving strategy is quite time-consuming. Takes about 1 tedious hour to do and might end up making human errors. Consequently, ended up running it once a day instead of multiple times of at least 3 repetitions daily in order to catch timed trend end exits.

2. The TradingView trades deriving has been largely automated by freelancers on google sheets. I only need 10 copy-pastes and there I have the derived trades in 5 minutes. Soon to only need 1 copy paste.

3. The prestige of TradingView, the severe simplification, and focusing on the very few will help attract more people to participate in this journey and also accelerate the optimization of the strategy.

How the trades are derived:

I calculate the currency strength of each of the 8 major currencies from the Monthly down to the Daily timeframe on TradingView’s forex screener. Why? This is to ensure a Top-Down Analysis and a slower pace of opening and closing trades rather than if I took into account all TFs down to m1

If AUDCAD is a buy or a strong buy, then the AUD takes a +1. If it is a sell or a strong sell then CAD takes a +1. **Why?** Because the screener assigns a buy value to the pair, if the base currency, in our example AUD, is stronger than the quote currency, in our example CAD.

If it’s Neutral then we assign the directional value based on the higher timeframe. If it’s the Monthly then we assign the directional value from the Weekly timeframe.

We repeat this +1 process across all 28 major pairs. In the end, we have a currency strength list that looks like the following:

**MONTHLY**
AUD 7
NZD 6
CAD 5
USD 4
CHF 3
GBP 2
EUR 1
JPY 0

**Special Case:** If there is an equal between currencies then we take into account their pair’s directional value: If CHF and JPY had both a currency strength reading of 2 then we look at the CHFJPY whether is a buy or a sell and assign the +1 point accordingly which is a +1 for CHF if it was a buy else we assign a +1 to the JPY if CHFJPY was a sell.

So we repeat the same process across all 7 timeframes all the way down to D1. Then apparently we end up having 3 lists of currency strength readings. You can do that for all the way down the m1 but I cant be asked to open and close trades all the time.

If for instance, the CAD is always above, meaning stronger than the GBP across ALL 7 timeframe strength lists, then we have a trade that has passed aka derived trade so obviously open a GBPCAD Sell trade.

SL@3*ATR(Daily,20 SMA) 1% equity risk per trade. **Why?** It is preferable to set the Stop Loss very far away so it never gets hits unless our minimum exit conditions are met.

The phenomenon of having my Stop Loss hit and then having the trade reverse back to the intended direction is a frustration to be avoided with a wide Stop Loss. I have started off with 3 ATRs and 20 SMA as an arbitrary starting point and then we correct along the way. Then we readjust the Max Drawdown % to our tolerance in order to increase profits.

Exit when we run again this process and the CAD is no longer above the GBP across ALL timeframe strength lists. (Directional Flip)

https://f.bpcdn.co/original/4X/3/f/8...69f10f80ac.png
  • #45
  • May 10, 2022 6:27am May 10, 2022 6:27am
|Post 44 for explanation||
|---|---|
|Derived Trades|SL: DailyTF 3*ATR(20,Simple)|
|USDJPY|B|
|USDCHF|B|
|USDCAD|B|
|NZDUSD|S|
|NZDCHF|S|
|NZDCAD|S|
|GBPUSD|S|
|GBPJPY|B|
|GBPCAD|S|
|EURUSD|S|
|EURJPY|B|
|EURGBP|B|
|EURCAD|S|
|CHFJPY|B|
|CADJPY|B|
|CADCHF|B|
|AUDUSD|S|
|AUDNZD|B|
|AUDJPY|B|
|AUDCHF|B|
|AUDCAD|S|
  • #46
  • May 10, 2022 1:50pm May 10, 2022 1:50pm
|Post 44 for explanation||
|---|---|
|Derived Trades|SL: DailyTF 3*ATR(20,Simple)|
|USDJPY|B|
|USDCHF|B|
|USDCAD|B|
|NZDUSD|S|
|NZDCHF|S|
|NZDCAD|S|
|GBPUSD|S|
|GBPJPY|B|
|GBPCAD|S|
|EURUSD|S|
|EURJPY|B|
|EURGBP|B|
|EURCAD|S|
|CHFJPY|B|
|CADJPY|B|
|CADCHF|B|
|AUDUSD|S|
|AUDNZD|B|
|AUDCAD|S|
  • #47
  • May 11, 2022 12:13am May 11, 2022 12:13am
|Post 44 for explanation||
|---|---|
|Derived Trades|SL: DailyTF 3*ATR(20,Simple)|
|USDJPY|B|
|USDCHF|B|
|USDCAD|B|
|NZDUSD|S|
|NZDJPY|B|
|NZDCHF|S|
|NZDCAD|S|
|GBPUSD|S|
|GBPJPY|B|
|GBPCAD|S|
|GBPAUD|S|
|EURUSD|S|
|EURJPY|B|
|EURGBP|B|
|EURCAD|S|
|CHFJPY|B|
|CADJPY|B|
|CADCHF|B|
|AUDUSD|S|
|AUDNZD|B|
|AUDJPY|B|
|AUDCHF|B|
|AUDCAD|S|
  • #48
  • May 11, 2022 6:24am May 11, 2022 6:24am
|Post 44 for explanation||
|---|---|
|Derived Trades|SL: DailyTF 3*ATR(20,Simple)|
|USDJPY|B|
|USDCHF|B|
|USDCAD|B|
|NZDUSD|S|
|NZDJPY|B|
|NZDCHF|S|
|NZDCAD|S|
|GBPUSD|S|
|GBPJPY|B|
|GBPCHF|S|
|GBPCAD|S|
|GBPAUD|S|
|EURUSD|S|
|EURJPY|B|
|EURGBP|B|
|EURCAD|S|
|CHFJPY|B|
|CADJPY|B|
|CADCHF|B|
|AUDUSD|S|
|AUDNZD|B|
|AUDJPY|B|
|AUDCHF|B|
|AUDCAD|S|
  • #49
  • May 11, 2022 6:26am May 11, 2022 6:26am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 253 KB
  • #50
  • May 12, 2022 5:09am May 12, 2022 5:09am
|Post 44 for explanation||
|---|---|
|Derived Trades|SL: DailyTF 3*ATR(20,Simple)|
|USDJPY|B|
|USDCHF|B|
|USDCAD|B|
|NZDUSD|S|
|NZDCHF|S|
|NZDCAD|S|
|GBPUSD|S|
|GBPCHF|S|
|GBPCAD|S|
|EURUSD|S|
|EURGBP|B|
|EURCAD|S|
|CADCHF|B|
|AUDUSD|S|
|AUDNZD|B|
|AUDCAD|S|
  • #51
  • May 12, 2022 9:02pm May 12, 2022 9:02pm
|Post 44 for explanation||
|---|---|
|Derived Trades|SL: DailyTF 3*ATR(20,Simple)|
|USDJPY|B|
|USDCHF|B|
|USDCAD|B|
|NZDUSD|S|
|NZDCHF|S|
|NZDCAD|S|
|GBPUSD|S|
|GBPCAD|S|
|GBPAUD|S|
|EURUSD|S|
|EURGBP|B|
|EURCAD|S|
|EURAUD|S|
|CADJPY|B|
|CADCHF|B|
|AUDUSD|S|
|AUDNZD|B|
|AUDJPY|B|
|AUDCHF|B|
|AUDCAD|S|
  • #52
  • May 13, 2022 5:19am May 13, 2022 5:19am
|Post 44 for explanation||
|---|---|
|Derived Trades|SL: DailyTF 3*ATR(20,Simple)|
|USDJPY|B|
|USDCHF|B|
|USDCAD|B|
|NZDUSD|S|
|NZDCHF|S|
|NZDCAD|S|
|GBPUSD|S|
|GBPCAD|S|
|GBPAUD|S|
|EURUSD|S|
|EURGBP|B|
|EURCAD|S|
|CADJPY|B|
|CADCHF|B|
|AUDUSD|S|
|AUDNZD|B|
|AUDJPY|B|
|AUDCAD|S|
  • #53
  • May 13, 2022 9:55am May 13, 2022 9:55am
|Test Performance|https://www.myfxbook.com/portfolio/t...rength/9546933|
|---|---|
|Post 91 for explanation||
|Derived Trades|SL: DailyTF 3*ATR(20,Simple)|
|USDJPY|B|
|USDCHF|B|
|USDCAD|B|
|NZDUSD|S|
|NZDJPY|B|
|NZDCHF|S|
|NZDCAD|S|
|GBPUSD|S|
|GBPJPY|B|
|GBPCAD|S|
|GBPAUD|S|
|EURUSD|S|
|EURJPY|B|
|EURGBP|B|
|EURCAD|S|
|CHFJPY|B|
|CADJPY|B|
|CADCHF|B|
|AUDUSD|S|
|AUDNZD|B|
|AUDJPY|B|
|AUDCHF|B|
|AUDCAD|S|
  • #54
  • May 15, 2022 10:03pm May 15, 2022 10:03pm
|Test Performance|https://www.myfxbook.com/portfolio/t...rength/9546933|
|---|---|
|Post 44 for explanation||
|Derived Trades|SL: DailyTF 3*ATR(20,Simple)|
|USDJPY|B|
|USDCHF|B|
|USDCAD|B|
|NZDUSD|S|
|NZDCHF|S|
|NZDCAD|S|
|GBPUSD|S|
|GBPCAD|S|
|GBPAUD|S|
|EURUSD|S|
|EURGBP|B|
|EURCAD|S|
|CADJPY|B|
|CADCHF|B|
|AUDUSD|S|
|AUDNZD|B|
|AUDCHF|B|
|AUDCAD|S|
  • #55
  • May 16, 2022 2:15am May 16, 2022 2:15am
|Test Performance|https://www.myfxbook.com/portfolio/t...rength/9546933|
|---|---|
|Post 44 for explanation||
|Derived Trades|SL: DailyTF 3*ATR(20,Simple)|
|USDJPY|B|
|USDCHF|B|
|USDCAD|B|
|NZDUSD|S|
|NZDCHF|S|
|NZDCAD|S|
|GBPUSD|S|
|GBPNZD|B|
|GBPCAD|S|
|GBPAUD|S|
|EURUSD|S|
|EURNZD|B|
|EURGBP|B|
|EURCHF|B|
|EURCAD|S|
|CADJPY|B|
|CADCHF|B|
|AUDUSD|S|
|AUDNZD|B|
|AUDCHF|B|
|AUDCAD|S|
  • #56
  • May 16, 2022 12:13pm May 16, 2022 12:13pm
|Test Performance|https://www.myfxbook.com/portfolio/t...rength/9546933|
|---|---|
|Post 44 for explanation||
|Derived Trades|SL: DailyTF 3*ATR(20,Simple)|
|USDJPY|B|
|USDCHF|B|
|USDCAD|B|
|NZDUSD|S|
|NZDJPY|B|
|NZDCHF|S|
|NZDCAD|S|
|GBPUSD|S|
|GBPJPY|B|
|GBPCAD|S|
|GBPAUD|S|
|EURUSD|S|
|EURJPY|B|
|EURCAD|S|
|EURAUD|S|
|CHFJPY|B|
|CADJPY|B|
|CADCHF|B|
|AUDUSD|S|
|AUDNZD|B|
|AUDJPY|B|
|AUDCHF|B|
|AUDCAD|S|

This keeps eating away the balance with small loss exits. Even though we operate on the MWD timeframe, the opening and closing of trades is still too frequent.
  • #57
  • May 16, 2022 11:52pm May 16, 2022 11:52pm
|Test Performance|https://www.myfxbook.com/portfolio/t...rength/9546933|
|---|---|
|Post 44 for explanation||
|Derived Trades|SL: DailyTF 3*ATR(20,Simple)|
|USDJPY|B|
|USDCHF|B|
|USDCAD|B|
|NZDUSD|S|
|NZDCAD|S|
|GBPUSD|S|
|GBPJPY|B|
|GBPCAD|S|
|GBPAUD|S|
|EURUSD|S|
|EURJPY|B|
|EURGBP|S|
|EURCAD|S|
|EURAUD|S|
|CHFJPY|B|
|CADJPY|B|
|CADCHF|B|
|AUDUSD|S|
|AUDNZD|B|
|AUDJPY|B|
|AUDCHF|B|
|AUDCAD|S|
  • #58
  • May 17, 2022 11:52pm May 17, 2022 11:52pm
|Test Performance|https://www.myfxbook.com/portfolio/t...rength/9546933|
|---|---|
|Post 44 for explanation||
|Derived Trades|SL: DailyTF 3*ATR(20,Simple)|
|USDJPY|B|
|USDCHF|B|
|USDCAD|B|
|NZDUSD|S|
|NZDCHF|S|
|NZDCAD|S|
|GBPUSD|S|
|GBPNZD|B|
|GBPJPY|B|
|GBPCAD|S|
|GBPAUD|S|
|EURUSD|S|
|EURCAD|S|
|CADJPY|B|
|CADCHF|B|
|AUDUSD|S|
|AUDNZD|B|
|AUDJPY|B|
|AUDCHF|B|
|AUDCAD|S|
  • #59
  • May 19, 2022 12:20pm May 19, 2022 12:20pm
|Test Performance|https://www.myfxbook.com/portfolio/t...rength/9546933|
|---|---|
|Post 44 for explanation||
|Derived Trades|SL: DailyTF 3*ATR(20,Simple)|
|USDJPY|B|
|NZDUSD|S|
|NZDCHF|S|
|NZDCAD|S|
|GBPUSD|S|
|GBPCHF|S|
|GBPCAD|S|
|GBPAUD|S|
|EURUSD|S|
|EURGBP|B|
|EURCHF|S|
|EURCAD|S|
|EURAUD|S|
|CHFJPY|B|
|CADJPY|B|
|CADCHF|B|
|AUDUSD|S|
|AUDNZD|B|
|AUDJPY|B|
|AUDCAD|S|
  • #60
  • Last Post: May 20, 2022 5:32am May 20, 2022 5:32am
Quoting Constantino
|Test Performance|https://www.myfxbook.com/portfolio/t...rength/9546933| |---|---| |Post 44 for explanation|| |Derived Trades|SL: DailyTF 3*ATR(20,Simple)| |USDJPY|B| |NZDUSD|S| |NZDCHF|S| |NZDCAD|S| |GBPUSD|S| |GBPCHF|S| |GBPCAD|S| |GBPAUD|S| |EURUSD|S| |EURGBP|B| |EURCHF|S| |EURCAD|S| |EURAUD|S| |CHFJPY|B| |CADJPY|B| |CADCHF|B| |AUDUSD|S| |AUDNZD|B| |AUDJPY|B| |AUDCAD|S|
Hi Costantino, are you aware that your myfxbook link does not work, I tired it last week and today again
Attached Image (click to enlarge)
Click to Enlarge Name: myfxbook.PNG Size: 63 KB
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