Good morning to everyone, by a well-known trader I learned that on the Gold future, COMEX market , has a bias time, the TS entry Buy at 16:00 (Italy Time) and sellshort at 08:00 (Italy time) just it , 2 lines of code, TF 1H , that is the equity from 2007 to 2017 , 2007 to 2014 IN-SAMPLE and 2014 to today is OUT of SAMPLE !!! it is seem a very strong and robust Bias, the Trader says that the TS is robust because this bias works also on Platinum and Gasoline (but not with the same time! i think, i never tried). HE says that is very important ,when someone make a TS, to test it on similar market too , and try to modify little bit the parameters , so, if the TS goingon to make money and has a regular equity it is robust and strong, for this reason he tried the TS on Platinum and Gasoline too, they are markets that respond to the same break out strategy .So, this TS even if has a good equity , it is not tradable , because the Average net profit is just 84 $ with 5300 trades in 10 years , minus fees and sleepage at the end remain 20$. He added a second condition at TS : see the attachement. the result as you can see is: 114 Average net profit and 1600 Trades in 10 years.
So, he sells the same TS, with this bias time and others (secret) break-out rules and position managment (the position is always with 1 contract), at 2400 $ open -code.I attached the metric and the equity line of final TS that he sell 2400$, the metrics are 193$ average net profit with 1800 trades in 10 years.
So, we can do something together to have the same performance …with free fees 🙂
i wait for news 🙂
P.S.
the piattaform is Tradestation.
I forgot to say, hi use some filter with Volatily 🙂
He uses some filter with volatily , and target profit 4000 $ – stop loss 2000$
Hi Enzo, I guess you are referring to Luca Giusti here. Interesting topic, will try to work on it over the next few days
My only concern is that tradestaiton allowe for multitimeframe system, whil PRTv3 doesnt so far. I suspect Luca giusti uses multitimeframe conditions for breackout but anyway will be worth trying
Hi Francesco,
no, Giusti do is not use the multy-time frame for break out , hi uses the Tradestation, his TS uses also a money managment …
i hope also other people come to have a discussion 🙂
The strategy seems to do not use any indicators at all, multi timeframe is not a problem in this case.
Hi Nicolas,
Yes, he do is not use any indicator, he uses some price compression pattern break out for to entry long or short, sure he uses a time bias , position managment , stop loss 2000 and take p. 4000
Sure he do is not use trailing target profit or trailing stop loss..