Disliked{quote} This is demo result of 6-7 pair self-optimization ( 1m and 5m mostly) within 2 weeks. I changed some set files after first awful week. All the trade ended in about 2-5 hours after taken. Not look that great, how can you make this happen ( the same strategy as yours, all set files used 2 months data only ). I noticed after 10 winnings streak, i earn about 10-20$, and 1 lose -50$ and it keeps repeated. {image}Ignored
Nothing about the market is a sure thing. You're going to lose from time to time. Occasionally you'll lose frequently. The world is very unsettled with war, recession, pandemics, absurd-politics, etc. Finding usable repeating patterns is more difficult than a few years ago.
My solution: try everything. Someone on this list suggested a while back he was going to take a break and let the turmoil subside a bit. That's probably a good idea too.
I've got lots of different copies of MT5 running with many different setups on different pairs. Most of them are performing poorly at the moment.
Yesterday I noticed that my best performer was a mistake. I apparently loaded the chart, set the timeframe and forgot to load the set file. Over a number of weeks it has achieved a Profit Factor of 9.5!
I used to be able to optimize a setup and go straight to live trading. Not so much anymore.
Consider taking a break. Or try everything. I used to make one setup per pair. Now I'm trying five or six setups on the same pair and watching them on demo for a while. Taking a break probably makes more sense. :-) But I enjoy twiddling with this silly stuff, learning more about the Blessing monster and more about the world of currencies.
Try different things. Different timeframes. More or less history. Different entry combinations. Different stops. It's good to keep winning trades larger than losing trades if possible.
Strategy Tester doesn't optimize stop size well. You need to manually change it and re-optimize to see which setting works best. If someone finds a faster way please let me know.
It's interesting to 'take the temperature' of the market by quick single-pass optimizing a few pairs over a short history, say seven or ten days. When things are calm you will get mostly perfect setups with 100% winning trades. This week it's more of a mess, almost no 100-percenters. Lots of interesting and crazy ideas growing out of this stuff.
Good luck!
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