RSI , Stochastic and SMA showing direction. Stochastic not yet oversold/overbought.

RSI , Stochastic and SMA showing direction. Stochastic not yet oversold/overbought.

Hello,

Here is a strategy idea for GBPUSD H1.

  1. Stochastic showing momentum down/up
  2. RSI up/down (over 55 or under 45)
  3. SMA crossover for SMA10 and SMA5
  4. Stochastic not yet oversold (still over 55) or not yet overbought (still under 45)

Strategy was originally optimized IS for 2014-2017 and showed good result for 2013 – 2019. Years before that the result are not so good. Note that SL is set to 1000, which in reality means there is no SL until a new order is triggered in the opposite direction or the order meets its TP. Any ideas of improvement or tips, please share 🙂

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No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. Francesco78 • 29 days ago #

    Beautiful thank you!

  2. Paul • 27 days ago #

    Nice one. Not trading every day makes a difference and improve results per trade substantially. Still has to run a SL like 2% and a smaller PT but curve looks great! Did not optimize the indicators.

    • PastaPesto • 26 days ago #

      Thank you Paul,
      Do you mean no trades during specific dayofweek and 2% from marketprice as SL?

  3. Alekos75008 • 26 days ago #

    great ! can you add stop lost to improve ?

    • PastaPesto • 26 days ago #

      Thanks Alekos,
      As I mentioned the Stop Loss is set to 1000. You can test different settings or maybe you can find a better kind of SL than pips.

  4. jebus89 • 26 days ago #

    Checked it on 200K bar test for GBPYUSD and it looks like a typically curvefit/overoptimized algo from 1999 – 2008~ meaning its flat and in the red.. then from 2008 -> today it looks great and amazing. So thats a red flag for sure.

    Another red flag is that it dosnt rly look good for any other market.. forex, stocks, indicies.. thats a red flag.

    Dosnt mean this wont work moving forward, but i would definitly be very carefull using this for live money.

    • PastaPesto • 26 days ago #

      Thank you for your reply jebus,
      1. As I said, earlier years arent so good, could be a problem.
      2. My opinion is that a strategy doesnt have to work on other markets. Its surely promising if it does but its not a absolute requirement for me. I have seen strategies working good on only DAX or FTSE for ex.
      I know its an endless discussion regarding what requirements to set on a strategy before going live, but its also one of the most important questions for us, so thank you for jebus for sharing your toughts on this one. It would be so easy if there was an easy answer for this quesion 🙂

  5. Paul • 25 days ago #

    Optimized the days in a week and it seemed that Tuesday and Friday are not good days to trade.
    I set cumulate orders to false to compare.
    Try 75k bars (from 2007), stoploss 2%-3% from entry-price, profit-target 0.40% and exclude those days, with only 1 trade long or short a day.
    I only optimize days to see how a strategy performs in generally and if it’s in balance.
    What I don’t like about the strategy is that i’am unable to build a useful breakeven- or trailing-stop in the strategy that works.

  6. PastaPesto • 25 days ago #

    Thanks Paul for the tips about testing balance.
    I am actually struggeling with breakeven or trailing stops an all my strategies. I never get it to be more profitable than my normal SL. 🙁

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