Hi, I trade currencies and have backtesting results of one pair. Method is mechanical, but I have manually backtested it. Usually I trade from London open to close. I have a few questions.
When I did a backtest I ignored the sessions and just took every single setup, now the question is if I trade only London session will my performance will be different because I would be missing trades and not taking every single setup that method generates or maybe everything would balance out because in real life you can't physically take every setup.
My second question, if I start to trade multiple pairs, will it affect the consecutive losses number? From the results it is 5, but from Monte Carlo simulation it could be 10 with 99% confidence level. If I start trading more pairs could this number be even bigger? Thank you in advance.
When I did a backtest I ignored the sessions and just took every single setup, now the question is if I trade only London session will my performance will be different because I would be missing trades and not taking every single setup that method generates or maybe everything would balance out because in real life you can't physically take every setup.
My second question, if I start to trade multiple pairs, will it affect the consecutive losses number? From the results it is 5, but from Monte Carlo simulation it could be 10 with 99% confidence level. If I start trading more pairs could this number be even bigger? Thank you in advance.