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
Re: Tell me how stupid is my strategy
2You can upload your trading system to this thread first,
So that someone Can help you backtest
So that someone Can help you backtest
Be patient therefore, brethren, until the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth: patiently bearing till he receive the early and latter rain.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.
Re: Tell me how stupid is my strategy
3In 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.
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.
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Re: Tell me how stupid is my strategy
4That said.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.
Have you made any interesting system with the new codes we got through your suggestions?
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
5PumbaPLS 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.
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Re: Tell me how stupid is my strategy
6what do you mean by upload my trading system?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
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
7he is asking for the files.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)
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
8so, too much!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.
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
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Be the casino, not the gambler
Re: Tell me how stupid is my strategy
10having 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.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
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