Please take a few minutes to read our rules before posting: Forex-Station's Rules. Are you following them?
Display posts from previous
Sort by

Re: Tell me how stupid is my strategy

3 by 太虚一毫
In my opinion, a good trading system should have 3 signals (of which: 1 main signal, 2 auxiliary signals).
The 3 signals should originate from different calculation methods.


If the 2 auxiliary signals support the main signal, they can generally intervene.

The main signal can't be too much. For example, in day trading, if there are more than 10 main signals, it is definitely not a good indicator or trading system.

I personally prefer indicators with 2 signals (no more than 3 signals) on a daily basis. ;)
These users thanked the author 太虚一毫 for the post (total 2):
Jedidiah, RodrigoRT7

Re: Tell me how stupid is my strategy

4 by PumbaPLS
太虚一毫 wrote: Tue Jun 21, 2022 10:08 pm In my opinion, a good trading system should have 3 signals (of which: 1 main signal, 2 auxiliary signals).
The 3 signals should originate from different calculation methods.


If the 2 auxiliary signals support the main signal, they can generally intervene.

The main signal can't be too much. For example, in day trading, if there are more than 10 main signals, it is definitely not a good indicator or trading system.

I personally prefer indicators with 2 signals (no more than 3 signals) on a daily basis. ;)
That said.

Have you made any interesting system with the new codes we got through your suggestions?
These users thanked the author PumbaPLS for the post:
太虚一毫
You cannot solve a problem from the same consciousness that created it. You must learn to see the world anew

Re: Tell me how stupid is my strategy

5 by 太虚一毫
PumbaPLS wrote: Tue Jun 21, 2022 10:20 pm That said.

Have you made any interesting system with the new codes we got through your suggestions?

Of course, for example, the step ehlers optimal tracking filter modified by Mr. mrtools yesterday: just looking at the candles signal is also good. If you combine any other 2 signals, you can intervene.

The step ehlers optimal tracking filter indicator itself also provides other signals, such as the main line discoloration. It is almost a perfect trading system, and the number of signals (trend reversals) provided per day is not many.
These users thanked the author 太虚一毫 for the post (total 3):
PumbaPLS, Jedidiah, RodrigoRT7

Re: Tell me how stupid is my strategy

6 by Forexlearner
honje19960321 wrote: Tue Jun 21, 2022 9:57 pm You can upload your trading system to this thread first,
So that someone Can help you backtest
what do you mean by upload my trading system?

The way i do it is, only enter when (for long):
1st window, Average is green and the price is over it
2nd window i don't use it, it's just to see what it's doing
3rd window, MACD is over signal and over the 0 line
4th window, CCI is green
5th window, DMI is green, but i'm a bit flexible (not much) depending on where it is
6th window, all the 4 averages are green (again a bit flexible but not much, 13 could be red for example)
Be the casino, not the gambler

Re: Tell me how stupid is my strategy

7 by PumbaPLS
Forexlearner wrote: Tue Jun 21, 2022 11:30 pm what do you mean by upload my trading system?

The way i do it is, only enter when (for long):
1st window, Average is green and the price is over it
2nd window i don't use it, it's just to see what it's doing
3rd window, MACD is over signal and over the 0 line
4th window, CCI is green
5th window, DMI is green, but i'm a bit flexible (not much) depending on where it is
6th window, all the 4 averages are green (again a bit flexible but not much, 13 could be red for example)
he is asking for the files.
You cannot solve a problem from the same consciousness that created it. You must learn to see the world anew

Re: Tell me how stupid is my strategy

8 by Forexlearner
太虚一毫 wrote: Tue Jun 21, 2022 10:08 pm In my opinion, a good trading system should have 3 signals (of which: 1 main signal, 2 auxiliary signals).
The 3 signals should originate from different calculation methods.


If the 2 auxiliary signals support the main signal, they can generally intervene.

The main signal can't be too much. For example, in day trading, if there are more than 10 main signals, it is definitely not a good indicator or trading system.

I personally prefer indicators with 2 signals (no more than 3 signals) on a daily basis. ;)
so, too much!
I've been doing not so well, and tried so many, and was using a lot less indicators. But i decided use what made sense to me to look at even if it now looks a bit to much. It's easy to follow. MACD and DMI are the main ones i watch for, the others are confirmation
These users thanked the author Forexlearner for the post:
太虚一毫
Be the casino, not the gambler

DownloadRe: Tell me how stupid is my strategy

9 by Forexlearner
PumbaPLS wrote: Tue Jun 21, 2022 11:31 pm he is asking for the files.
oh, ok
Be the casino, not the gambler

Re: Tell me how stupid is my strategy

10 by Ogee
Forexlearner wrote: Tue Jun 21, 2022 9:52 pm I'm new but that should be no excuse. Anyway after a lot of trying i'm sticking with this now, mostly on H4. I made so many mistakes on the past, especially with the repainting indicators.
Do this indicators togheter make sense? Be brutal :)
having so many indicators will only conflict and not confirm. Indicators shouldn't be your starting point, your start point should be a repeatable 'setup', a candle pattern that crops up time and again and then find a couple of indicators that enhance the success ratio (positive expectancy) as proved by testing (back test then demo test then live test on minium bet size). Concentrate on 1 type of setup first and get real good at it before looking to expand.
These users thanked the author Ogee for the post (total 2):
Forexlearner, Jedidiah

Post Reply Attachments 9

Return to “New Members & Common Forex Q&A's”