Below you will see some images about my configuration on Simulator and my entries .
I started with $1000 account and without spread, so if you using a broker with spread account, take this in consideration.
I recommend all to get a new chart and one chart with you favorite version, open indicator list, take a screenshot and in new chart put indicator by indicator, and see what's printed on chart and play with this, like do you do with Lego, mount many parts at look simple, to you eyes see the patters and behaviors of price.
I started simulation on 01/01/2023 - And the first 8 days the market only move on Consolidation, so this days i just look the price action and the indicators behaviors with action of price. I recommend all to take a look on this days because you know where the price will do a reversal, it is a good way to understand the moves.
To start do the backtest, i don't take care with hour or session, my only concern is take entry following the price action and signals.
Do this for one or two weeks in the simulation: put 1 hour and 15 minutes chart on grid and put the speed in ¨Real-time mode¨ but with X150 or X300 Speed, just look and take a mental order, like (I BUY HERE, IM OUT HERE, MY STOPLOSS IS HERE) don´t worry if you are in Tokio Session or in NY Close, just look the behavior and take your mental entry and note why do you take this entry.
After that, read and revise all your notes, clarify and simplify the information and now go forward and start a new day in your simulation, but now you will take entry´s with simulator to check if you are really understanding or if not.
if you do a one week of backtesting and you have good results (Positive account) now is the moment to you use AutoSessions extension to put your operative hours on chart in a range and you will look for entry´s just on this hour range, in my charts you will see like two verticals gray ranges on background in 15 Minutes Chart. in this moment do you need move chart hour by hour using next bar on simulator, just to see price behavior at start your Session, in my case is at 6AM UTC -5 or 13PM on MT4 NY CLOSE, my first range go at 09:25 UTC-5 / 16:25 MT4 because i don´t take trades in the NY OPEN 16:30 and my next range start 16:30 at 19:00 MT4, to me is 13PM and London Close and i have another range starting to take a look at the end of day.
Now, you will start you session, in this case, i recommend you to play bar by bar using 5M time frame, or reduce speed to X40 for example, this show to you 3 movements on one 15 minutes candles, it is possible use you space bar to stop and play simulator or follow bar by bar, best option or reduce speed more, to not see accidentally the move before happened and you drop on your own trap. When your session finish, play simulator again with more speed or using 1 hour bar by bar.
15 minutes don´t have a lot of noise like M1 or M5 charts so it´s good to clarify moves and entry´s, in the future when i´m more confident with my entry´s i will go down to M5 chart, but now less noise is better to me.
For now is this, i will start backtest Feb 2023 today, when i finished, i will do another post to show results, if you have anything to ask or to tell me please don´t hesitate!!
Be a profitable trader with XARD system is possible and we will be!!
After this my first entry is on 10/01/2023 and the last one on 31/01/2023 - All entry´s using 1 LOT and looking to a 10% to profit on any entry.
My entries rules:
If price in up trend, i wait the green dot on 15 min Chart and enter after price cross the MA and close first bar green, enter on the close or the pullback of second green bar.
For the reversal sell i need wait the second dot and price cross MA Again. so i enter on the first red bar close.
5% in profit = Breakeven ORDER
Break hard a new high/low =Breakeven ORDER
Close first Gray bar = OUT
10% or more in Profit and price with difficulty to follow trend = OUT
This is my configuration to simulator:
Edit
My results it is this:
1 Hour Chart with all entries.
15 Minutes Chart with entries:
My setup to do backtesting:
