Strategy BIAS Light Crude OIL

Aragorna · 2023-08-16T00:56:31+00:00

//CLXXXX DEFPARAM CumulateOrders = false Oraacquisto= 050000 Oravendita = 080000 OraShort= 090000 OraCover = 170000 PositionSize=1 C1=ADX[20]>30 Timeframe(1 hour, default) IF Not LongOnMarket AND Time=Oraacquisto and C1 THEN BUY PositionSize CONTRACT AT MARKET ENDIF IF LongOnMarket AND Time=Oravendita THEN SELL PositionSize CONTRACT AT MARKET ENDIF IF Not shortOnMarket and Time=OraShort and C1 THEN sellshort PositionSize CONTRACT AT MARKET ENDIF IF shortOnMarket AND Time=OraCover THEN EXITSHORT AT MARKET ENDIF Hi to everyone, just for learning, I’ve made a strategy on crude oil (I use Interactive broker, tested on future CLXXXX light crude oil), backtesting time in different hours. Strategy has been backtested from 2009; ADX has been added as a filter. My question is, nowaddays does it still make sense create a strategy like this? Bias strategy are still alive? if yes, How is it possbile to improve it? thank’s Alessio

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08/16/2023 at 1:56 AM #219132 quote
Aragorna
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```
//CLXXXX
DEFPARAM CumulateOrders = false
Oraacquisto= 050000
Oravendita = 080000
OraShort= 090000
OraCover = 170000
PositionSize=1
C1=ADX[20]>30
Timeframe(1 hour, default)

IF Not LongOnMarket AND Time=Oraacquisto and C1 THEN
BUY PositionSize CONTRACT AT MARKET
ENDIF
IF LongOnMarket AND Time=Oravendita  THEN
SELL PositionSize CONTRACT AT MARKET
ENDIF
IF Not shortOnMarket and Time=OraShort and C1 THEN
sellshort PositionSize CONTRACT AT MARKET
ENDIF
IF shortOnMarket AND Time=OraCover  THEN
EXITSHORT AT MARKET
ENDIF
```
Hi to everyone,

just for learning, I’ve made a strategy on crude oil (I use Interactive broker, tested on future CLXXXX light crude oil), backtesting time in different hours. Strategy has been backtested from 2009; ADX has been added as a filter. My question is, nowaddays does it still make sense create a strategy like this? Bias strategy are still alive?

if yes, How is it possbile to improve it? thank’s

Alessio
08/16/2023 at 2:04 AM #219133 quote

Aragorna
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results in attachment

Senza-titolo.jpg Senza-titolo2.jpg

08/21/2023 at 2:30 PM #219430 quote

sfl
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Yes BIAS is working on CL, maybe not everyday of the week 🙂

As you can see from the screenshot, avg trade is improved as well as equity curve, anyway still too low for trading live, in my opinion.

Screenshot-2023-08-21-alle-15.26.47.png

08/21/2023 at 3:00 PM #219433 quote

Aragorna
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My AVG trade is over 80. Why yours so low?

08/21/2023 at 3:53 PM #219442 quote

sfl
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Aragorna wrote:

My AVG trade is over 80. Why yours so low?

Used Crude OIL (1€).

08/21/2023 at 4:08 PM #219443 quote

Aragorna
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is it improvable for you? is it a strategy that makes sense to be improved?

08/22/2023 at 7:45 AM #219463 quote

sfl
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Aragorna wrote:

is it improvable for you? is it a strategy that makes sense to be improved?

I think you should work on pattern filter and day of the week bias and try to improve the equity curve because as is it’s not good for trading live.
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