I saw that pic and your other strategies pictures. Dam good returns. Want to ask what indicators your using but am sure you will ignore me
Congrats anyway. Must feel good.
All my algos are made in different ways. Some indicators that i use/have used are: Chande momentum, RSI, price rate of change, supertrend, custom indicators from this forum, bollinger bands, moving averages on f example RSI or chande or price rate of change etc. +++ The possibilities are endless, if u cant seem to get an indicator “to work” ur probably using it the wrong way.
Very few of my systems use stuff like “rsi crosses over rsi 77” or smthn super spesific value like that, but i also do have similar rules in some systems.
And u just want to filter out alot of the shit markets as good as u can. Like lets say u wanna go Long only trend follower, a simple filter like “Close > MA200” will filter out alot of bad / shitty markets that u dont wanna take trades in. Or for example u can use say take a RSI14 and add 2 moving averages on that and say MA 5 > MA 30 on the RSI, meaning the RSIis “trending” upwards.
In other words filter out all the good momentum u wanna be “in”, and find a trigger/entry inside all that good momentum that lets u take trades.
Also u can check out simple shit like: Close > yesterdays low/open/close/high etc. Or even Close > open could help u filter out some of ur shitty trades.
Edit: Yes it “feels good” but mostly, for my part, it feels good cus i looked at a problem, and i came up with a set of rules that might “solve my problem”. I look at this like sort of an IQ test, or something similar. Like there are patterns that can observed and then u just gotta capture them as good as u can using whatever u can. And i have made 1000+ strategies and lets say 50 / 1000 have gone into demo, out of those 50 i currently run 8 live and got roughly 5-10 still in demo. The rest have turned out to be overfit shit systems that i have discarded.
Edit2: U will get there too if u keep this up. Work on systems every day and try something new. Try to go away from ALL the indicators that uve previously used and just try new shit using new indicators. Things that makes sense to u.
Also check out this site if u want a tiny bit more in-depth look at different indicators: https://www.metastock.com/customer/resources/taaz/?p=14
On the right side u can choose different indicators and read a short little txt about how why and where
